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

bitcoin growth chart

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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Bitcoin (BTC) Recovers $11k, On Track for More Gains Following Big Name Investments

bitcoin bull concept

The past few days have been good news for Bitcoin as multiple big name companies revealed their large Bitcoin investments. Most notably the mobile payment company Square, co-founded by Jack Dorsey of Twitter fame, recently invested $50 million into Bitcoin, buying 4,709 coins and making up 1% of its total assets. This follows news last August that the billion dollar…

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Bitcoin (BTC) Loses Presidential Debate Gains as French Police Arrest Crypto Terrorists

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During last night’s shambolic U.S. Presidential Debate, the price of Bitcoin (BTC) rallied to nearly $11,000, giving many hope that a lack of faith in US politics might help boost the crypto market. However, overnight the price slowly receded to near previous levels around $10,700 where it had been most of the week. Noting last night’s gains, Dan Held, who…

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Binance Launches VISA Cards for European Customers

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The world’s largest cryptocurrency exchange, Binance, has launched a line of Visa cards for customers in the European Economic Area (EEA). The EEA includes all the 27 European Union (EU) countries plus Iceland, Liechtenstein, and Norway but not Switzerland. The United Kingdom’s membership within the EEA may end on 31 December 2020, depending on the outcome of Brexit negotiations. Customers…

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Ethereum (ETH) Looking Ready to Rally as Weekly Transfer Value Exceeds Bitcoin (BTC)

eth

After a catastrophic weekend that saw Ethereum lose 25% of its value, the second-largest cryptocurrency has bounced back and now looks poised for more growth. Ethereum continues to see increased weekly usage off the back of the ever-growing decentralized finance (Defi) market. In its most recent success, Ethereum has overtaken Bitcoin for average weekly transfer value, although users are now…

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Yield Farming token YFI up 10x in Just One Month

3d rendering growth graph on tablet

YFI, the governance token for decentralized finance platform Yearn.Finance (yEarn) has broken Bitcoin’s all-time USD high and catapulted to over $38,000 per token this month. The rare governance token has a very limited supply of only 30,000, with 29,962 already in circulation. The token was valued at around $3,500 in early August, representing a growth of almost 10 times in…

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Cryptocurrency-related Scams are on the Rise, How to Stay Safe

Stealing online information

During times of financial distress and economic uncertainty, scammers tend to take advantage of the fear and desperation that many people have regarding their wealth. A report from blockchain forensics firm CipherTrace reveals 2020 as on track to become a record-breaking year for crypto-related crime. The report details fraudulent activities in the first five months of the year that amount…

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