Doom or Double Bottom? — Bitcoin Price Support at $7.8K Is Key

Bitcoin’s drop below $8k increases the change of a visit to the 61.8% Fibonacci retracement level at $7,845. Is a bounce incoming? Bitcoin’s (BTC) price action continues to be less than impressive unless one is a bear capitalizing on the current shorting opportunities.  Bulls pinned their hopes on BTC price breaking out of the falling wedge in a strong upside move since the consensus was that this particular pattern tends to produce bullish outcomes more often than not. This was not the case and Bitcoin price toppled below the descending…

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Bitcoin.com Launches $200M Bitcoin Cash Investment Fund

The new $200 million Bitcoin Cash Ecosystem Fund will focus on payment solutions and non-custodial financial services for Bitcoin Cash. Bitcoin.com, the Bitcoin (BTC)-related firm backed by crypto evangelist Roger Ver, is planning to launch its $200 million Bitcoin Cash (BCH) investment fund. Ver has announced the news speaking at a Bitcoin Cash meetup in London on Nov. 19, as he tweeted on Nov. 20. The event was hosted by major global crypto wallet Blockchain.com. The new Bitcoin Cash Ecosystem Fund will focus on payment solutions and non-custodial financial services…

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French Cybercrime Division Uses Smart Contacts on Tezos Blockchain

French law enforcement’s cybercrime unit has validated judicial expenses incurred during investigations on the Tezos blockchain. The French Armies and Gendarmerie’s Information and Public Relations Center has validated judicial expenses incurred during investigations on the Tezos (XTZ) blockchain. A press release published on Nov. 20 notes that the Gendarmerie’s cybercrime division (C3N) used the system to buy cryptocurrency from Europol-allocated funds and cover its operational costs with those assets. Blockchain ensures the ability to audit Tezos’ main development and research center, Nomadic Labs, claims that the system employs “the first…

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Monex Subsidiary Trade Station Launches New Crypto Brokerage

U.S.-based Trade Station — a subsidiary of Coincheck owner Monex Group — is launching a crypto brokerage platform via a newly-launched offshoot, Trade Station Crypto. United States-based Trade Station — a subsidiary of Coincheck owner Monex Group — is launching a cryptocurrency brokerage platform via a newly-launched offshoot called Trade Station Crypto. As Cointelegraph Japan reported on Nov. 20, the platform will establish an online brokerage model in line with similar platforms that exist for traditional assets in equities, options, futures and forex markets. Initial support for five major cryptos…

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Web 3.0 Initiatives Can Drive Crypto Adoption Across the Globe

Web 3.0 browsers are tapping into existing networks in emerging markets to foster crypto adoption. In October, web browser developer Opera Software AS launched added support for in-browser transactions with Bitcoin (BTC) and Tron (TRX). This follows the company’s initial launch of an in-browser Ether (ETH) wallet in 2018. The latest announcement is part of the company’s grander plan to make the “Web 3.0” easier to access for the average consumer. Opera, based in Norway, is the first major browser to develop and integrate a native crypto wallet, which also…

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Two European Salmon Producers Use IBM’s Blockchain Platform to Track Supply Chain

Salmon farming company Cermaq and smoked salmon producer Labeyrie began using IBM’s cloud blockchain technology to trace their products’ supply chains. Salmon farming company Cermaq and smoked salmon producer Labeyrie began using IBM’s cloud blockchain technology to trace their product supply chains. Cermaq announced the development in a Nov. 20 press release, revealing that it cooperated with Labeyrie and IBM’s blockchain platform IBM Food Trust to enable customers to get information about the salmon value chain. All Cermaq salmon products now come with a CV and QR-code, so consumers can…

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Price Analysis 20/11: BTC, ETH, XRP, BCH, LTC, EOS, BNB, BSV, XLM, TRX

Bitcoin price is close to critical support levels, but we anticipate a bounce off the support levels as we take a look at the charts. The Federal Reserve Board Chairman Jerome Powell has said that the Fed is not developing a central bank digital currency (CBDC), but it is conducting its own research to evaluate the benefits and limitations of such an initiative. On the other hand, Edith Cheung, partner at blockchain-focused venture capital fund Proof of Capital, believes that China will launch its digital currency within the next six…

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ShapeShift Cryptocurrency Exchange Launches FOX Token for New Trading Scheme

ShapeShift cryptocurrency exchange has launched new tokens that enable holders to trade on the exchange with no fees. Switzerland-based crypto exchange ShapeShift has launched zero-fee trading and its loyalty token FOX. ShapeShift founder and CEO Erik Voorhees announced the news on Twitter Nov. 20, noting that zero-commission trading on the platform is enabled by the newly released FOX token. According to the executive, zero-fee trading solves two major problems of non-custodial exchanges — illiquidity and high price of services. In order to trade at a zero-fee rate, ShapeShift customers will…

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Bitcoin Price Clings to $8K as Analysts Warn Market Has Turned Bearish

Sideways trading over the past 24 hours is being viewed as an “interesting” interlude, but further drops appear likely going forward. Bitcoin (BTC) managed to preserve support at $8,000 on Nov. 20, continuing an uneasy sideways pattern since dipping to $7,990 the day before. Cryptocurrency market daily overview. Source: Coin360 Bitcoin markets “more bearish than expected” Data from Coin360 showed BTC/USD ranging between just above $8,000 and a 24-hour high of $8,150, with volatility limited since Tuesday.  Previously, Bitcoin had fallen from highs of $8,600 to briefly reenter the $7,000…

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Tor Project Now Accepts Bitcoin Over Lightning Network

The Tor Project, the nonprofit organization behind the anonymous network Tor, announced that it now accepts Bitcoin donations via the Lightning Network. The Tor Project, the nonprofit organization behind the anonymous network Tor, announced that it now accepts Bitcoin (BTC) donations via the Lightning Network. The organization announced on Nov. 19 that it will accept Lightning Network donations as part of Bitcoin Tuesday, a fundraising initiative led by the crypto-for-charity organization The Giving Block. Tor recommended the BottlePay wallet for donations, which allows users to search for The Tor Project…

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