Monthly Wrap: Bitcoin Nears $20,000, Ethereum Closes Above $600
Konstantin Anissimov, Executive Director at CEX.IO, shares his insights about the Bitcoin (BTC) and Ethereum (ETH) November 2020 price movements.
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Konstantin Anissimov, Executive Director at CEX.IO, shares his insights about the Bitcoin (BTC) and Ethereum (ETH) November 2020 price movements.
Ripple has offloaded 2,264,113 MGI shares i.e. 33% of its stake as per the latest filing with the US SEC. The blockchain startup hasn’t given any specific reason for this decision.
This is a big development as the Chinese central bank is looking ahead to push the use of Digital Yuan on the popular online platforms in the country. This will be one of the major giveaways to nearly 100,000 customers.
As a blockchain-based energy startup, the Steve Wozniak-backed Efforce will be building the investment capabilities on its platform through its newly unveiled WOZX token.
Bitcoin is said to maintain its steady rise and more than double from its current price to about $50,000 in 2021 says Bloomberg in their monthly report.
While this partnership with Tezos is one of the collaborations the company has planned for the future, its users will leverage and maximize the current offerings Sylo is bringing to the table.
In order to support its price, Ripple decided to stop selling XRP and embark on buying back the tokens in the second and third quarters this year.
Moss is doing its part to help reduce global carbon emissions. Its MCO2 token represents tokenized carbon credit, which can be traded anywhere in the world.
With the full implementation of the scaling solutions, the Ethereum network will now be able to process up to 10,000 transactions per second.
For people who are interested in running a Polkadot node, there is a “thousand validators” program in the pipeline that aims at boosting the number of validators by 1000.
However, with most investors still speculating on the future growth prospects of the assets, Tom Jessop thinks Bitcoin has the chance to become an alternative store of value.
The listing of these new tokens is a testament to Coinbase Custody’s plans to provide support for more assets for the benefit of its over 300 institutional clients.
All professional and semi-professional can invest through the fund in a diversified crypto assets portfolio comprising of Bitcoin, Ether, and Stellar.
Despite the regulatory scrutiny, Spotify has shown willingness to work with Facebook on its Diem project (previously Libra). Besides, the job posting also hints at the company’s willingness to work on the CBDC developments in the crypto industry.
The initiative is expected to make it easier for investors to get access to this still new asset class. Besides, it may decrease risks associated with the highly volatile and speculative crypto market.