Top traders say Bitcoin log chart points to a 2017-style BTC bull run
Peter Brandt, a well-regarded veteran trader, recently emphasized the high demand from institutions as a key catalyst for Bitcoin’s strong performance.
BTC/USD 1-month chart.
New Estimate: Siberian Gold Deposit Is the World’s Biggest by Reserve
Russia’s largest gold producer Polyus PJSC announced a new estimate on Thursday, Oct 22, for its enormous, untapped Sukhoi Log gold deposit in Siberia.
The estimate indicates that reserves at Sukhoi Log are bigger than initially thought, making it the world’s biggest by reserves.
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How PayPal Changed Its Mind About Bitcoin – Decrypt
In brief
Paypal’s announcement that it will offer support for cryptocurrencies comes seven years after its initial interest.
During that time, PayPal’s stance on Bitcoin has shifted from questioning its suitability as a currency to eventual acceptance.
Digital Currency Group: Crypto Firms Growing Despite Pandemic – Decrypt
In brief
Digital Currency Group’s investments are ticking along despite the global coronavirus pandemic.
DeFi was the big hitter this year.
Rather than hurt, the pandemic has helped the crypto industry, according to DCG.
Bitcoin Is Pumping. Is Barstools’ Dave Portnoy Salty? – Decrypt
In brief
Barstool Sports president Dave Portnoy sold all his Bitcoin months ago when it still under $12,000.
Today, BTC is up above $13,000.
Portnoy shared his thoughts on the price boom in a video on Twitter.
Akon’s social ecosystem cryptocurrency ‘Akoin’ will begin trading on Bittrex on November 11
Akoin, the cryptocurrency developed by renowned popstar Akon to improve social opportunities and access for African entrepreneurs, has announced its premier listing on crypto exchange Bittrex, as per a release shared with CryptoSlate.
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Vitalik Buterin discusses the values and ideas that formed Ethereum 2.0 | CryptoSlate
With Ethereum 2.0 expected to ship in the near future, the values that underlie the world’s second-largest blockchain have become increasingly important.
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For the first time since 2018 Bitcoin balances on exchanges fell below 2.5M
On October 20, 2020, the amount of Bitcoin (BTC) held at major exchanges fell below 2.5 million BTC for the first time in two years.
Source: Glassnode.
Bitcoin market sentiment and fundamentals still favor BTC price bulls
Bitcoin price has seen a healthy upward tick toward the $13,000 mark in the fourth quarter. At the start of the quarter, Bitcoin (BTC) was in the sub-$11,000 region, and from there, constant rises took the price to the $13,000 mark on Oct. 21 for the first time this year.
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Japanese Obsession With XRP Explains Ripple’s Relocation Interest | Crypto Briefing
Key Takeaways
Ripple’s CEO said in an interview that it is shortlisting countries for relocation.
Brad Garlinghouse criticized American regulators on their confusing stance on cryptocurrencies.
Japan seems to be the top contender for the new Ripple headquarters.