“The Elliott wave theory is based on the idea that there’s five waves in a primary trend, three [up]trends and two intervening corrections,” said Todd Gordon, founder of TradingAnalysis.com
Seeing as the first wave was a roughly 658% rally, Gordon’s target was a lofty one.
“I can’t believe I’m going to go out on CNBC and say this, but it’s about 74,000,” he said. “The Elliott wave goes very well with … Fibonacci multiples. If it does want to fall short, it can go to 61% of that target, which is only at 34,000.“
https://www.cnbc.com/2020/11/24/bitcoins-on-track-to-74000-trader-says-as-crypto-nears-records.html
Seeing as the first wave was a roughly 658% rally, Gordon’s target was a lofty one.
“I can’t believe I’m going to go out on CNBC and say this, but it’s about 74,000,” he said. “The Elliott wave goes very well with … Fibonacci multiples. If it does want to fall short, it can go to 61% of that target, which is only at 34,000.“
https://www.cnbc.com/2020/11/24/bitcoins-on-track-to-74000-trader-says-as-crypto-nears-records.html
✅OKEx Resumes Withdrawals 5 Weeks After Freeze
On Oct. 16, OKEx had been forced to suspend all account withdrawals when an unnamed holder of the keys to the cryptocurrency assets was detained by police to apparently assist an investigation.
https://www.coindesk.com/okex-resumes-withdrawals-5-weeks-after-freeze
On Oct. 16, OKEx had been forced to suspend all account withdrawals when an unnamed holder of the keys to the cryptocurrency assets was detained by police to apparently assist an investigation.
https://www.coindesk.com/okex-resumes-withdrawals-5-weeks-after-freeze
📈Ethereum transaction fees skyrocket as price collapses
Ethereum fees jumped above $7 as ETH price went down.
The increased network activity may cause a sudden spike in fees as many traders rush to the close positions amid the sell-off.
https://www.fxstreet.com/cryptocurrencies/news/ethereum-transaction-fees-skyrocket-as-price-collapses-202011261511
Ethereum fees jumped above $7 as ETH price went down.
The increased network activity may cause a sudden spike in fees as many traders rush to the close positions amid the sell-off.
https://www.fxstreet.com/cryptocurrencies/news/ethereum-transaction-fees-skyrocket-as-price-collapses-202011261511
💰$425 million worth of bitcoin futures liquidated on binance as btc tanked
Glassnode node analytics firm has reported that two major long BTC futures liquidations took place at that time with a difference in several hours.
Hourly liquidations of long positions on Bitcoin futures were recorded: worth $262 million at 3:00 a.m. UTC and $163 million at 8:00 a.m. UTC.
https://u.today/425-million-worth-of-bitcoin-futures-liquidated-on-binance-as-btc-tanked
Glassnode node analytics firm has reported that two major long BTC futures liquidations took place at that time with a difference in several hours.
Hourly liquidations of long positions on Bitcoin futures were recorded: worth $262 million at 3:00 a.m. UTC and $163 million at 8:00 a.m. UTC.
https://u.today/425-million-worth-of-bitcoin-futures-liquidated-on-binance-as-btc-tanked
90 mln$ loans were liquidated on Compound, including the largest liquidity provider that took a 47 mln $ hit.
Looks like this was caused by a malicious actor manipulating Coinbase's Dai price oracle which is used by Compound Finance.
https://twitter.com/Arthur_0x/status/1331915170877042690
Looks like this was caused by a malicious actor manipulating Coinbase's Dai price oracle which is used by Compound Finance.
https://twitter.com/Arthur_0x/status/1331915170877042690
Twitter
Arthur
Close to $90m of loans were liquidated on @compoundfinance over the last 24hrs, with bulk of it DAI likely due to oracle issue as Coinbase DAI/USDC spiked to $1.3 momentarily, also the pair where yield farming is concentrated. Liquidation was relatively minimal…
📊$1.3 Billion in Bitcoin Options Set to Expire Today
Nearly 80,000 Bitcoin options contracts are set to expire today.
This could lead to an increase in the volatility of Bitcoin's price.
“I would say that for institutional investors, one will have to track volume growth on CME. Deribit will mostly be crypto hedge funds and retail investors,” Bobby Ong, COO of crypto analytics platform CoinGecko, told Decrypt.
https://decrypt.co/49763/1-3-billion-in-bitcoin-options-set-to-expire-today
Nearly 80,000 Bitcoin options contracts are set to expire today.
This could lead to an increase in the volatility of Bitcoin's price.
“I would say that for institutional investors, one will have to track volume growth on CME. Deribit will mostly be crypto hedge funds and retail investors,” Bobby Ong, COO of crypto analytics platform CoinGecko, told Decrypt.
https://decrypt.co/49763/1-3-billion-in-bitcoin-options-set-to-expire-today
🥞 Binance launches a $120 000 reward program for farming on Pancake Swap.
Maximum staking amount is only 10BNB.
Remarkably, the Binance Smart Chain was unable to handle the suddenly increased network load despite being highly centralized.
http://bit.ly/StakeBNB
Maximum staking amount is only 10BNB.
Remarkably, the Binance Smart Chain was unable to handle the suddenly increased network load despite being highly centralized.
http://bit.ly/StakeBNB
📈Number of Wallets with 10,000+ ETH Hits New High
Glassnode has reported a rise in the number of ETH wallets with more than 10,000 coins in them. According to the data shared in the recent tweet, the number of these wallets now totals 1,062 – that’s a 3-month high.
Apart from that, as per Glassnode, the amount of non-zero ETH wallets has surpassed 50 million.
https://u.today/number-of-wallets-with-10000-eth-hits-new-high
Glassnode has reported a rise in the number of ETH wallets with more than 10,000 coins in them. According to the data shared in the recent tweet, the number of these wallets now totals 1,062 – that’s a 3-month high.
Apart from that, as per Glassnode, the amount of non-zero ETH wallets has surpassed 50 million.
https://u.today/number-of-wallets-with-10000-eth-hits-new-high
☠ 50 mln $ stuck on Saffron.finance because of a smart contract bug.
The funds should be returned to their owners in 8 weeks when the "emergency sweep" function is activated.
https://twitter.com/JozoJesko/status/1333062918724870144?s=19
The funds should be returned to their owners in 8 weeks when the "emergency sweep" function is activated.
https://twitter.com/JozoJesko/status/1333062918724870144?s=19
Twitter
Jozef Jesko
Saffron finance ($SFI) has a bug in their SC. $50M DAI deposited during the "Epoch 1" were supposed to be withdrawable ~ 1 hour ago, but will be stuck in the SC for 8 more weeks (maybe forever in case the emergency sweep function won't work as expected)
Binance listing Skale. Trading will start at 01.00 UTC Dec 1.
https://news.1rj.ru/str/binance_announcements/2011
Tokens will be unlocked and transferable at 00.00 UTC Dec 1.
Countdown - https://bit.ly/33s8gAt.
https://news.1rj.ru/str/binance_announcements/2011
Tokens will be unlocked and transferable at 00.00 UTC Dec 1.
Countdown - https://bit.ly/33s8gAt.
Coinbase Pro lists NuCypher.
Trading will commence on December the 2nd at 9.00 PT.
https://twitter.com/CoinbasePro/status/1333472160191549440?s=19
Trading will commence on December the 2nd at 9.00 PT.
https://twitter.com/CoinbasePro/status/1333472160191549440?s=19
Twitter
Coinbase Pro
Starting today, inbound transfers for NU are now available in the regions where trading is supported. Traders cannot place orders and no orders will be filled. Trading will begin on or after 9AM PT on Wednesday December 2, if liquidity conditions are met.…
BadgerDAO airdrop goes live tomorrow at 18.00 CET.
https://twitter.com/BadgerDAO/status/1334151016053354503?s=19
https://twitter.com/BadgerDAO/status/1334151016053354503?s=19
Twitter
₿adger DAO 🦡
Badgers the time as come to start our journey! 🚨Tomorrow 12pm EST is the official launch. 👉Honey Badger Hunt Airdrop 👉Sett vault app 👉$BADGER governance token 👉8 week liquidity mining event Only way to earn $BADGER is by using our Bitcoin vaults or the airdrop.…
📈 S&P Dow Jones is to launch crypto indexes in 2021.
The S&P DJI-branded products will use data on more than 550shitcoins top crypto assets.
https://www.reuters.com/article/cryptocurrencies-sp/sp-dow-jones-indices-to-launch-cryptocurrency-indexes-in-2021-idUSL1N2IJ0TG
The S&P DJI-branded products will use data on more than 550
https://www.reuters.com/article/cryptocurrencies-sp/sp-dow-jones-indices-to-launch-cryptocurrency-indexes-in-2021-idUSL1N2IJ0TG
☝️65% of Traders on Paypal Ready to Use Bitcoin to Pay for Goods and Services
According to a proprietary survey of 380 Paypal users by Mizuho Securities, 17% of the respondents said they have already traded bitcoin (BTC) via their Paypal accounts since the firm started offering crypto services in October.
https://news.bitcoin.com/65-of-traders-on-paypal-ready-to-use-bitcoin-to-pay-for-goods-and-services-survey/
According to a proprietary survey of 380 Paypal users by Mizuho Securities, 17% of the respondents said they have already traded bitcoin (BTC) via their Paypal accounts since the firm started offering crypto services in October.
https://news.bitcoin.com/65-of-traders-on-paypal-ready-to-use-bitcoin-to-pay-for-goods-and-services-survey/
Bitcoin News
65% of Traders on Paypal Ready to Use Bitcoin to Pay for Goods and Services: Survey | News Bitcoin News
At least 65% of people who use the Paypal app to trade bitcoin are prepared to start using the top cryptocurrency to pay for goods and services at the 28
🔥Ripple CTO David Schwartz said the company could burn 48 billion of its tokens worth just over $ 29 billion.
Schwartz acknowledged that this could be done through an unconventional method, such as using tokens as transaction fees.
On his Twitter, he confirmed that the community could vote to burn tokens, stating that the blockchain is "very democratic."
Let's see how this affects the price of Ripple 🤷♂️
https://cointelegraph.com/news/ripple-cto-says-community-could-force-the-company-to-burn-48-billion-xrp
Schwartz acknowledged that this could be done through an unconventional method, such as using tokens as transaction fees.
On his Twitter, he confirmed that the community could vote to burn tokens, stating that the blockchain is "very democratic."
Let's see how this affects the price of Ripple 🤷♂️
https://cointelegraph.com/news/ripple-cto-says-community-could-force-the-company-to-burn-48-billion-xrp
Cointelegraph
Ripple CTO says community could force the company to burn 48 billion XRP
Ripple CTO David Schwartz condemned Stellar for burning 50 billion XLM last year. He has now conceded the community could force Ripple to do the same.
Airdrop from Mirror (by Terra team). If you held Uni on 23 November, you're elidgible.
https://eth.mirror.finance/airdrop
https://eth.mirror.finance/airdrop
1Inch introduces a new Private transaction option (doesn’t work with Metamask).
If you check the box your tx will be broadcasted directly to one the miners 1inch cooperates with.
The aggregator failed to explain what stops one of these miners from frontrunning you, though.
Anyways, this feature is quite promising; I’ll keep an eye on it.
https://twitter.com/1inchExchange/status/1334992381242961930
If you check the box your tx will be broadcasted directly to one the miners 1inch cooperates with.
The aggregator failed to explain what stops one of these miners from frontrunning you, though.
Anyways, this feature is quite promising; I’ll keep an eye on it.
https://twitter.com/1inchExchange/status/1334992381242961930
Twitter
1inch Network
🚨☠️ KILLER FEATURE DROP 👏 Private Transactions for everyone (not supported on Metamask) 👏 NO MORE FRONT-RUNNING 🤝We are now connected to 10 Ethereum miners in order to broadcast user transactions directly to the miners--REDUCIING ⬇️ transaction mining time…
❗️Bitcoin Bull Raoul Pal Warns Crypto Traders, Says BTC Facing Major Technical Headways With Large Correction Likely
“What we see here is still the weekly area around the all-time high, which is the resistance zone. We do have the levels that we’ve initially marked as interesting based on previous resistance levels that are on the weekly timeframe with the most important one around $14,000 to $13,500. So any of these levels are very significant if we get a corrective move. If we’re not getting that, probably we’re going to skyrocket.”
https://dailyhodl.com/2020/12/06/bitcoin-bull-raoul-pal-warns-crypto-traders-says-btc-facing-major-technical-headways-with-large-correction-likely/
“What we see here is still the weekly area around the all-time high, which is the resistance zone. We do have the levels that we’ve initially marked as interesting based on previous resistance levels that are on the weekly timeframe with the most important one around $14,000 to $13,500. So any of these levels are very significant if we get a corrective move. If we’re not getting that, probably we’re going to skyrocket.”
https://dailyhodl.com/2020/12/06/bitcoin-bull-raoul-pal-warns-crypto-traders-says-btc-facing-major-technical-headways-with-large-correction-likely/
The Daily Hodl
Bitcoin Bull Raoul Pal Warns Crypto Traders, Says BTC Facing Major Technical Headways With Large Correction Likely | The Daily…
Real Vision chief executive and Bitcoin advocate Raoul Pal is issuing a warning that a large Bitcoin correction may be on the horizon.
Bitmax is holding a TerraVirtua auction token sale on 10/12 (which is actually a lottery).
In order to be eligible you'll need to bid 210 $ + 1400 BTMX (around 280$ in total).
Initial token circulation cap will be around 1.5 mil $.
If don't win an allo, you'll probably end up losing about 10-20$ on the BTMX price drop.
As for me, 10 bucks for a chance to get several 100$ profit is a no-brainer.
In order to be eligible you'll need to bid 210 $ + 1400 BTMX (around 280$ in total).
Initial token circulation cap will be around 1.5 mil $.
If don't win an allo, you'll probably end up losing about 10-20$ on the BTMX price drop.
As for me, 10 bucks for a chance to get several 100$ profit is a no-brainer.
BitMax
Terra Virtua (TVK)
Project Name: Terra Virtua
Token Name: TVK
Project Introduction
Terra Virtua is the first mass market Non-Fungible Token ("NFT") platform to collect, showcase and trade rare digital ...
Token Name: TVK
Project Introduction
Terra Virtua is the first mass market Non-Fungible Token ("NFT") platform to collect, showcase and trade rare digital ...
Mark Yusko (CEO Morgan Creek Capital - 1.6 bln $ AUM) tweets that besides Bitcoin and blockchain he is interested in DeFi.
Yusko also stated that he created an Ethereum wallet - markyusko.eth.
https://twitter.com/MarkYusko/status/1336529925470375939
First token he bought on Uniswap was... Barnbridge.
https://etherscan.io/address/0x7cfcd80f084903aa172b45c1b524175a59037e13#tokentxns
Yusko also stated that he created an Ethereum wallet - markyusko.eth.
https://twitter.com/MarkYusko/status/1336529925470375939
First token he bought on Uniswap was... Barnbridge.
https://etherscan.io/address/0x7cfcd80f084903aa172b45c1b524175a59037e13#tokentxns
Twitter
Mark W. Yusko
When you invest in things you believe in before others understand, people laugh... Over the decades have endured many guffaws 93 Junk Bonds 97 The Internet 02 Distressed Debt 06 Credit Default Swaps 10 China VC 15 Bitcoin 18 Blockchain VC 20 DeFi markyusko.eth…