Bitcoin Is On Another Bull Run. But This One Is Different – Decrypt

In brief

Bitcoin has gained 275% to its price since the March crash.
Today, Bitcoin jumped by 8% following an embrace from PayPal.
All signs point to a bull run. But this isn’t 2017 all over again.

Bitcoin hodlers are having themselves a day, and they have PayPal to thank for it, it seems.

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US crypto derivatives merchants need to leave customer funds alone, says CFTC

Per guidance released Wednesday evening, the Commodity Futures Trading Commission (CFTC) is advising businesses trading in crypto derivatives to hold customer funds very carefully.

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Crypto Lender Celsius Makes It Easier to Borrow Bitcoin-backed Loans – Decrypt

In brief

Celsius Network, a crypto storage and finance app, has lowered the minimum loan threshold to $500.
Celsius Network offers crypto-backed loans to customers at annual interest rates starting at 1%.
Celsius Network has grown from 90,000 customers in April to more than 200,000 today.

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Wirex Sets US Launch Date for Mastercard Crypto Debit Card – Decrypt

In brief

Wirex is the first crypto-native partner for Mastercard.
The company claims it has signed up more than 10,000 customers within hours of opening its waitlist for the new crypto debit card today.
Wirex plans to begin UK distribution in November, and the US soon after.

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Pro traders added to shorts as Bitcoin price broke $12K — Data shows

As Bitcoin (BTC) breaks the $12,000 resistance, derivatives markets are flirting with overly excessive bullish sentiment. The futures basis and the options 25% delta skew both reached the same levels seen now on October 12 when BTC briefly tested $11,700 but failed to maintain momentum.

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Wall St drives PayPal to all time high on Bitcoin news

PayPal (PYPL) reached $215.87 on Oct. 21, a few dollars past its previous all-time high of $212.38, set on Sept. 2, 2020, according to data from TradingView.
This price action came shortly after the payments company announced that it would soon be including crypto assets on its platform.

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CasperLabs readies blockchain platform for 2021 mainnet launch with $14M private sale

CasperLabs has raised $14 million in a private validator token sale, with over a dozen investors participating in a round led by Digital Strategies. The company expects to launch its public mainnet in the first quarter of 2021, followed by a public token offering which will exclude U.S. investors.

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Determining If Bitcoin’s Count Is Bullish or Bearish – BeInCrypto

On Oct 20, the Bitcoin (BTC) price moved above the $12,050 resistance area, regaining all of the losses stemming from the early September fall.

Despite this move, it’s not yet clear whether this is a new upward move or an upwards correction.

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