Bitcoin (BTC) HODLer volume has marked previous tops and the start of bull cycles. As the dominant cryptocurrency heads towards $30,000, HODLer activity could be a useful tool to potentially gauge BTC’s next peak. Since October, as Cointelegraph reported, the HODLing activity of Bitcoin has continuously increased. Fewer HODLers have been moving their holdings, which
Month: December 2020
On-chain data suggests that high-net-worth individuals continued to buy Bitcoin (BTC) after Christmas. Analysts at Santiment said that smaller traders sold about $647 million worth of Bitcoin and this sum may have been bought up by Bitcoin whales. Data also signals that large investors have been buying and holding their purchases throughout 2020, without booking
With 2021 less than 24 hours away, Polkadot creator Gavin Wood says the project has built up a head of steam heading into the new year. In a 2020 roundup published on Wednesday, Wood highlighted Polkadot’s rise to becoming the number crypto for staking based on the volume of staked tokens. According to Stakingrewards.com, over
Peer-to-peer coverage market Cover Protocol has published a compensation plan for token holders and liquidity providers affected by the recent hack. As part of the process, the Cover Protocol team took a snapshot at block height 11541218, the last transaction block before the exploit began. Eligible liquidity providers on Uniswap, SushiSwap, and Balancer will receive new
Mike Molitoris received the second stimulus check via direct deposit on Wednesday. The pending funds will be available to use Jan. 4. Mike Molitoris Mike Molitoris, a wealth manager in Cary, North Carolina, heard that checks were being issued via direct deposit on the radio while he and his family were out seeing Christmas lights
Robert Herjavec has an end-of-year ritual that sets him up for success: organizing his calendar for the whole next year, Herjavec previously told CNBC Make It. “I live and die by my calendar,” Herjavec, investor on ABC’s “Shark Tank” and CEO of cybersecurity firm the Herjavec Group, said in December 2017. “[It] allows me to manage
Check out the companies making headlines before the bell: Exxon Mobil – The energy giant will write down the value of its assets by up to $20 billion for the fourth quarter, mostly related to its natural gas assets. Exxon is, however, seeing a benefit this quarter from higher oil prices and improved margins in its
A worker of the New York City Fire Department Bureau of Emergency Medical Services (FDNY EMS) receives a COVID-19 Moderna vaccine, amid the coronavirus disease (COVID-19) pandemic in the Manhattan borough of New York City, New York, U.S., December 23, 2020. Carlo Allegri | Reuters New York City officials want to inoculate 1 million residents
National Football League player Russell Okung is a strong proponent of Bitcoin (BTC). And while he may be converting a portion of his salary into BTC, his employer, the Carolina Panthers, isn’t paying him in virtual currency — although a few excitable crypto-focused publications were foxed by the story. A spokesperson from the Carolina Panthers
Bitcoin (BTC) has posted its highest transaction volume since early 2018 as data points to more and more investors entering the market. Figures from on-chain analytics resource Digital Assets Data highlights December 2020 as already sparking Bitcoin’s second-largest transaction volumes. BTC transaction volume eyes record At a total of $252.37 billion the remaining 24 hours
A number of players are encouraging individuals to speak out against FinCEN’s new crypto rules before comments close next week. Crypto exchange Coinbase and the foundation behind Monero are the latest firms to join in calling for crypto users to share their thoughts on the U.S. Treasury’s Financial Crimes Enforcement Network’s new rules. In a
Ether (ETH) price has gained 88% since November, astonishing even the most bullish investors as the top altcoin secured a 2020 high at $750. Aside from the upcoming CME ETH futures launch scheduled for Feb. 8, the phenomenal growth of the total value locked (TVL) in Decentralized Finance protocols also played a major part. Total
Michael Nagle/Bloomberg via Getty Images Morgan Stanley will repay $1.7 million to customers who paid high costs on investments earmarked for education expenses like college tuition. The brokerage firm is paying the sum, including nearly $1.5 million in restitution plus interest, to about 2,300 customers who are saving money in 529 plans, the Financial Industry
Getty Images Sitting on a growing bitcoin fortune? Consider giving away some of it to charity. As 2020 draws to a close, the cryptocurrency has seen a massive surge in appreciation. The value of a single unit of bitcoin is now hovering around $27,000. Though long-time holders of the virtual currency are rejoicing, they run
Traders work on the floor of the New York Stock Exchange. NYSE The pandemic turned 2020 into a year of unprecedented events — not the least of which was the swift crash and then record-fast recovery of the stock market. The market’s race higher has been in stark contrast to an economy that has been
MARK RALSTON | AFP | Getty Images There’s a chance that at least a couple of people will end 2020 far wealthier than most of us. With no ticket matching all six numbers drawn Tuesday in Mega Millions, the jackpot has jumped to $401 million for Friday night’s drawing. Powerball’s top prize isn’t far behind,
Bryn Mawr Trust’s Jeff Mills is making a big bet on the economic recovery. After years of decline, he predicts small-cap stocks’ 2020 comeback will deliver even bigger gains to investors next year. “We’re at this point where monetary policy and fundamental economic growth, at least in our opinion, line up,” the firm’s chief investment officer
CDC headquarters in Atlanta Elijah Nouvelage | Bloomberg via Getty Images Officials from the Centers for Disease Control and Prevention said Wednesday that a new strain of Covid-19 now circulating in the U.S. could further stress hospitals that are already overwhelmed with coronavirus patients. Colorado health officials announced Tuesday that they detected the first known
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