Friday, November 27Your Daily Bitcoin & Altcoin News Portal
IOTA teams up with Austrian uni for Internet of Things and blockchain research lab

IOTA teams up with Austrian uni for Internet of Things and blockchain research lab

BITCOIN
Please share if you find this article interesting. IOTA teams up with Austrian uni for Internet of Things and blockchain research lab The IOTA Foundation, the non-profit organization behind IOTA, IOTA Tangle and MIOTA, announced they will be joining Austria’s newest Christian Doppler Laboratory, or CDL, as an industrial partner. The first of its kind, the laboratory is housed at the Vienna University of Technology and named the CDL Blockchain Technologies for the Internet of Things, or CDL-BOT. The laboratory was officially opened in a digital ceremony on Nov. 26 by Austrian Federal Minister for Digital & Economic Affairs Margarethe Schramböck. It will focus on research and development in public/private partnerships between institutions and businesses seeking to expand the implem
OECD tax director says international crypto tax standards are coming in 2021

OECD tax director says international crypto tax standards are coming in 2021

BITCOIN
Please share if you find this article interesting. OECD tax director says international crypto tax standards are coming in 2021 Pascal Saint-Amans, the director of the OECD’s Centre for Tax Policy and Administration, has asserted that the 37-nation organization will introduce a common reporting standard, or CRS, for crypto assets in 2021. According to Law360, Amans stated that the crypto tax standard “would be roughly equivalent to the CRS” developed by the Organisation for Economic Co-operation and Development to combat tax evasion. The director attributed the likely development of the crypto tax CRS to a desire to introduce stronger standards surrounding crypto regulations among its member-countries: “The timeline to deliver is probably '21, sometime in '21, because there is a
Stack Funds hails Bitcoin’s ‘healthy correction’ predicts ‘euphoria’ ahead

Stack Funds hails Bitcoin’s ‘healthy correction’ predicts ‘euphoria’ ahead

BITCOIN
Please share if you find this article interesting. Stack Funds hails Bitcoin's 'healthy correction' predicts ‘euphoria’ ahead Crypto index fund provider Stack Funds has labeled yesterday’s pullback as a “healthy correction” that was needed before Bitcoin continues its upward trajectory.  Bitcoin broke through $19,000 earlier this week after posting seven weeks of consecutive gains. According to the firm, the crypto has been at overbought levels since October, further supporting the need for a correction. The firm examined metrics around market psychology, and says market participants are currently in the ‘belief’ stage of the cycle which will eventually to flow into a ‘euphoria’ stage. To support their claims, the fund cites Glassnode’s data on Bitcoin’s net unrealized profit/los
Majority of Indian investors see ‘no easy way to enter’ crypto

Majority of Indian investors see ‘no easy way to enter’ crypto

BITCOIN
Please share if you find this article interesting. Majority of Indian investors see 'no easy way to enter' crypto A comprehensive survey from India’s CoinDCX exchange has found that most local investors don’t see an “easy way” to access exposure to crypto assets. That’s despite the country reversing a ban on financial institutions providing services to digital asset businesses earlier this year. According to the OKEx-affiliated exchange’s findings, 56% of respondents under the age of 40 assert there is stil “no easy way to enter” the markets. This sentiment is also shared by 60% of respondents earning less than 500,000 Indian Rupees ($6,700) per year. Many segments of India’s population also cite a lack of “legal & regulatory clarity” as the largest barrier to entering the crypto
Renowned Finance Youtuber Andrei Jikh Invests Over $100K Into Cryptocurrencies | Finance Bitcoin News

Renowned Finance Youtuber Andrei Jikh Invests Over $100K Into Cryptocurrencies | Finance Bitcoin News

BITCOIN
Please share if you find this article interesting. Renowned Finance Youtuber Andrei Jikh Invests Over $100K Into Cryptocurrencies | Finance Bitcoin News The popular Youtuber Andrei Jikh published a video this week to his 978,000 Youtube subscribers explaining that he invested over $100,000 into crypto assets. Jikh details why he spent the funds on digital assets and he plans to share his investment experience in another video. Andrei Jikh is a popular Youtuber with close to a million subscribers to-date, and his channel concentrates on personal finance, the stock market, and investing. Usually, his videos cover traditional investment assets like stocks, but during his latest video published on November 20, he discussed an entirely different investment vehicle. Jikh invested ove...
Bitcoin Indicator Reaches Historical Extreme: Price Sheds Two Thirds Upon Reversal

Bitcoin Indicator Reaches Historical Extreme: Price Sheds Two Thirds Upon Reversal

PRICE ANALYSIS
Please share if you find this article interesting. Bitcoin Indicator Reaches Historical Extreme: Price Sheds Two Thirds Upon Reversal Bitcoin price this week reached a high of $19,500, following a six-week, 60% rally. From the moment the first-ever cryptocurrency made it above $12,000, on 3-day timeframes, there were twelve consecutive green candle closes without any red. The extreme bullish impulse caused one specific technical indicator to reach the highest reading in history – reached only three times prior, all before 2014. Each time, an average correction shaving two-thirds off Bitcoin’s price took place after momentum finally turned downward. Will a historic selloff follow this previously unstoppable rally? Bitcoin Price Corrects Hard Following Failed Retest Of All-Time Hig
Cointelegraph Consulting: Overwhelming bullish sentiment once again proves costly

Cointelegraph Consulting: Overwhelming bullish sentiment once again proves costly

BITCOIN
Please share if you find this article interesting. Cointelegraph Consulting: Overwhelming bullish sentiment once again proves costly According to data collected from 1000+ crypto social media channels, the average crowd sentiment towards Bitcoin adapted from slightly bullish to overwhelmingly bullish over the days leading up to Thursday’s dramatic pullback, mirroring the levels previously observed during its May and August price tops, respectively.  The latest findings by Santiment, published in Cointelegraph Consulting’s biweekly newsletter, indicated that with both short-term and long-term Bitcoin holders in a position of +15% and +63% profit, the likelihood of profit-taking became high. To make matters more ominous, the funding rate on Bitcoin’s derivatives market was at a thr
Cypherpunk Holdings becomes 9th largest public holder of Bitcoin

Cypherpunk Holdings becomes 9th largest public holder of Bitcoin

BITCOIN
Please share if you find this article interesting. Cypherpunk Holdings becomes 9th largest public holder of Bitcoin Cypherpunk Holdings (CSE:HODL), a privacy-focused Canadian investment company, has upped its stake in Bitcoin (BTC).  The company disclosed Thursday that it has added 72.979 BTC to its reserves since June 30, 2020. Cypherpunk funded the acquisition by liquidating its holdings of Monero (XMR) and Ethereum (ETH), as well as through partial proceeds from a private placement of $505,000 CAD, or $388,000 U.S., closed on Aug. 27. With the purchase, Cypherpunk now has 276.479 BTC in its reserves, making it the ninth-largest public Bitcoin holder. At current values, Cypherpunk’s stake in BTC is worth just under $4.8 million. At the time of writing, at least 14 publicly-trad
Bitcoin and blockchain topics to discuss with the crypto curious this Thanksgiving

Bitcoin and blockchain topics to discuss with the crypto curious this Thanksgiving

BITCOIN
Please share if you find this article interesting. Bitcoin and blockchain topics to discuss with the crypto curious this Thanksgiving With Bitcoin's (BTC) recent price movements drawing fresh attention to the blockchain industry, conversations centered around cryptocurrency have once again begun to see an uptick. Google Trends data shows that searches for the term “Bitcoin” have increased to yearly highs following the asset's rally above $19,000.  Given the current circumstances, discussion centered around Bitcoin, general questions about blockchain and cryptocurrencies may come up at the Thanksgiving table. Yet while the crypto community has a lot to be thankful for this year, newcomers and the crypto curious may want to know more about the space than just the price of Bitcoin.
Record $7.4B Bitcoin futures open interest shows pros still expect $20K BTC

Record $7.4B Bitcoin futures open interest shows pros still expect $20K BTC

BITCOIN
Please share if you find this article interesting. Record $7.4B Bitcoin futures open interest shows pros still expect $20K BTC Bitcoin (BTC) price failed to blast through the $20,000 level this week but multiple records related to volume and open interest were made on the way up to $19,484. One notable achievement was the open interest on aggregated futures contracts reached $7.4 billion at derivatives exchanges.  BTC futures aggregate open interest. Source: SkewAs depicted above, there has been a 110% increase over the past 6 months, and it is also worth noting that the Chicago Mercantile Exchange (CME) now holds over $1.1 billion of these contracts. This data is indisputable evidence of the growing institutional participation in BTC markets. Volume soared to new highs, will BTC