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Crypto Market Records Biggest Losses in Almost a Year, Down $170 Billion

Financial bear market falling concept

What goes up, must come down. After a months-long parabolic rally that catapulted the cryptocurrency market past the $1 trillion valuation point, things seem to be taking a turn. Over the past 24-hours, the crypto market has suffered over $170 billion in losses, falling to $946 billion and losing its trillion-dollar crown. Crypto’s leading asset, Bitcoin (BTC), recently turned 12…

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Ethereum (ETH) Moving Close to 100% Addresses in Profit

A recent report from blockchain metrics and data tracker Glassnode reveals that 90% of all Ethereum addresses are now in profit. Not since January 2018 have so many Ethereum holders been in profit, as the cryptocurrency catapulted through the $700 resistance level. The growth has resulted in many questioning whether Ethereum may present the best risk/reward crypto going into 2021.…

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Coinbase CEO Brian Armstrong Announces Challenge to New FinCEN Regulation

smartphone coinbase

The US Treasury Secretary Steven Mnuchin recently announced the proposal of new rules to regulate the use of non-custodial cryptocurrency wallets.  The new rules would require that anybody sending more than $3,000 in crypto must provide their identity and the identity of the recipient. Additionally, wallet providers must report any transaction exceeding $10,000 to the necessary regulators. Such rules already…

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New Blockchain-based Music Rights App Utopia Open Platform (UOP) Launches with December IEO Planned

blockchain banking concept

The open standards project Utopia Genesis Foundation is planning the December launch of a blockchain platform that will allow musicians to sell their own music while maintaining rights and gathering data. The foundation was formed with the aim to provide an open and standardized process for the music industry to track, process and tokenize rights. As of today, the Utopia…

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Bitcoin (BTC) Enters the New Rally as a Different Beast, More Mature and Subdued

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Bitcoin’s overall market capitalization reached a new record high of $339.86 billion earlier today on November 18, 2020, according to data from leading analysis site CoinMarketCap. It’s previous highest market cap valuation was $336.43 billion, recorded on December 17, 2017, just before the famous 2018 crash and two-year long bear market that followed. The new record was set as the…

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Bitcoin (BTC) Usually Wins Big in November, Will 2020 be the Same?

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A recent article from popular analysis and data firm Ecoinmetrics should give Bitcoin investors something to celebrate. According to a recent report, historical data reveals that Bitcoin typically provides its highest average returns in the month of November. A comprehensive graph accompanying the report shows that average returns throughout June, July and August are as little as 5%, with September…

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New DeFi Project from YFI’s Andre Cronje Up 1000% Within Days of Launch

phone and blockchain concept

South African Andre Conje, developer of the y.Earn Finance (YFI) platform, has quietly launched a new decentralized project called Keep3r Network. The project is a decentralized job board designed to bring together developers in the blockchain space. Cronje launched the project on GitHub this week, with the Keep3r token KP3R enjoying immediate gains of 25% before consolidating briefly and then…

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Bitcoin (BTC) Hits 15 Month High on News of Paypal Support

The price of Bitcoin (BTC) has hit a new 15-month high following news that Paypal will be allowing US users to buy and sell cryptocurrencies. Bitcoin crossed it’s previous 2020 high of $12,481 today following a rally that started earlier this week and has seen the cryptocurrency add over $1,200 to it’s price. The last time Bitcoin was above this…

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