Why Bitcoin? Angry Lebanese Protesters Attack Banks, Demand Access to Deposits


The situation in Lebanon just got intense as the Western Asian country is currently facing what appears to be its worst economic crisis since the end of its civil war in 1990.

Reports from international news media, France 24, today revealed that angry protesters launched a night-time attack on several banks in the Beirut, the capital city and commercial hub of Lebanon, after a brief lull in the past weeks...

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https://ecoindiscuss.com/why-bitcoin-angry-lebanese-protesters-attack-banks-demand-access-to-deposits/

Here’s Why the Dow Jones Plunged 350 Points on Thursday


On a rough day for the Dow Jones, risk-off conditions made themselves apparent across the board.

Jobless claims came in well above 1 million filings again. Wall Street fears the data could get worse. If the nation’s top infectious disease expert is right, more lockdowns might be necessary...


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https://ecoindiscuss.com/heres-why-the-dow-jones-plunged-350-points-on-thursday/

Bitcoin Sets One High After Another as Analysts Predict Dollar Doom


Bitcoin is rallying relentlessly, insomuch that it is touching a new yearly high every other day.

The past few weeks have witnessed the cryptocurrency in its most organically-driven bullish avatars. It broke resistance levels that first seemed too difficult to achieve ($10,500). It then built a concrete upside outlook upon the newly-found price floors, using macro narratives such as inflation to attract more quality capital...

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https://ecoindiscuss.com/bitcoin-sets-one-high-after-another-as-analysts-predict-dollar-doom/

Bitcoin Price Analysis: BTC Tests Critical Support, Correction To $15K Incoming?


Bitcoin’s price is now back on the key S/R zone (top green bar) between $15,900 and $15,860, as low weekend trading volume puts the brakes on bullish momentum.


For more details visit: https://ecoindiscuss.com/bitcoin-price-analysis-btc-tests-critical-support-correction-to-15k-incoming/

Crypto firms still not widely adopting ‘travel rule,’ says FATF deputy


In 2019, the Financial Action Task Force asked jurisdictions worldwide to adopt its regulatory guidelines for virtual assets. At the V20 conference today, held online, David Lewis—executive secretary and G20 deputy at the organization,


For more details click: https://ecoindiscuss.com/crypto-firms-still-not-widely-adopting-travel-rule-says-fatf-deputy/

Here’s why PayPal is only supporting Bitcoin, Litecoin, Ether, and Bitcoin Cash


Paxos, PayPal’s liquidity provider, has seen its trading volume move up quite considerably over the past few weeks after crypto-trading went live on the platform to great acclaim.

For more details: https://ecoindiscuss.com/heres-why-paypal-is-only-supporting-bitcoin-litecoin-ether-and-bitcoin-cash/

Here’s why PayPal is only supporting Bitcoin, Litecoin, Ether, and Bitcoin Cash



Paxos, PayPal’s liquidity provider, has seen its trading volume move up quite considerably over the past few weeks after crypto-trading went live on the platform to great acclaim...


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https://ecoindiscuss.com/heres-why-paypal-is-only-supporting-bitcoin-litecoin-ether-and-bitcoin-cash/

Here’s what UFC superstar Ben Askren thinks about Bitcoin’s rally

Former Olympic wrestler and mixed martial artist, Benjamin Michael Askren, nicknamed “Funky” took to Twitter today to share his opinion on why he thinks Bitcoin was increasing in value. He implied that the premium cryptocurrency was only going up in value because the US dollar was losing its own. In his 17 November tweet, the American celebrity said:...


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https://ecoindiscuss.com/heres-what-ufc-superstar-ben-askren-thinks-about-bitcoins-rally/

Bitcoin Momentum Signal Reverses, Bull Run Finally Inbound?


Despite the brief rally in both the stock and crypto markets, most analysts have predicted the worst is yet to come. However, according to new data, the Bitcoin momentum signal has reversed. Does this mean a bull run is inbound soon?...


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https://www.nairaland.com/newpost?topic=3131709

Bitcoin soars to $18,000, the highest yet in 2020


After reaching the $17,000 mark on 17 November, Bitcoin has now breached the $18,000 range across some major crypto-exchanges today. Whilst Bitcoin dipped by 0.7% in the last hour, BTC prices hiked by over 4.7%, in a 24 hour period at the time of writing. Overall, Bitcoin was up by 14.6% in the weekly timeframe...

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https://www.nairaland.com/newpost?topic=3131709

Bitcoin price doubles since the halving, with just 3.4M Bitcoin left for buyers


The price of BTC has more than doubled since the Bitcoin’s third block reward halving in May. Or to be precise, BTC has gained 110% since the halving, with prices rallying from $8,566 on May 11, 2020 to test $18,000 as of this writing.

According to a Nov. 19 report from crypto analytics firm Chainalysis, levels of liquidity and exchange flows have changed dramatically since the halving...


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https://ecoindiscuss.com/bitcoin-price-doubles-since-the-halving-with-just-3-4m-bitcoin-left-for-buyers/

Three Ways to Brush up on Your Cryptocurrency Trading Skills During the Lockdown


In the last month, much of the world has gone into lockdown in response to the global coronavirus pandemic. For some, this has resulted in a radical change in working life, making remote work, video conferencing, and working in pajamas the norm.

However, practically everybody under lockdown now finds themselves with more time on their hands—making it the perfect opportunity to brush up on those trading skills finally. Here are three platforms to help you do just that!...


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https://ecoindiscuss.com/three-ways-to-brush-up-on-your-cryptocurrency-trading-skills-during-the-lockdown/

Corporate Bitcoin treasuries are here, which can only mean good things


Holding Bitcoin (BTC) in treasury will soon become a corporate standard. Wall Street firm MicroStrategy recently made headlines when it decided to allocate a large portion of its treasury to Bitcoin,


For more details visit: https://ecoindiscuss.com/corporate-bitcoin-treasuries-are-here-which-can-only-mean-good-things/

The U.S. Presidential Election And Bitcoin Price – Bitcoin Magazine


One of Bitcoin’s key properties is the fact that it is free from control by any third party, including politicians. But the fact is that the price of Bitcoin relative


For details visit: https://ecoindiscuss.com/the-u-s-presidential-election-and-bitcoin-price-bitcoin-magazine/

Friendliest of them all? These could be the best countries for crypto



As a burgeoning industry less than 13 years old, cryptocurrency has seen its fair share of regulatory crackdowns and changes, especially in the United States. Jake Yocom-Piatt, co-founder of Decred, however, sees the nation as the most crypto-friendly.

“Cryptocurrencies are treated as personal property in most jurisdictions, so their tax treatment is relatively uniform,” Yocom-Piatt said. He continued:...


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https://ecoindiscuss.com/friendliest-of-them-all-these-could-be-the-best-countries-for-crypto/

Why ETH Could Surge Past $600

Ethereum is gaining pace above the $565 and $575 levels against the US Dollar. ETH price surpassed $580 and it seems like the bulls are aiming a test of $600 in the near term...

In the weekly analysis, we discussed the chances of a short-term correction in Ethereum below $550. ETH did correct lower, but dips remained well bid near the $520 and $530 levels...


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https://ecoindiscuss.com/why-eth-could-surge-past-600/

4 Reasons Central Banks Should Launch Retail Digital Currencies


Ajit Tripathi, a CoinDesk columnist, is an entrepreneur and crypto co-host at the Breaking Banks Europe Podcast. Previously, he served as a Fintech Partner at ConsenSys and a co-founder of PwC’s UK Blockchain Practice. ..


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https://ecoindiscuss.com/4-reasons-central-banks-should-launch-retail-digital-currencies/

Bitcoin will rise until ‘it’ll get almost impossible to buy’ it

Bitcoin pioneer and podcaster, Max Keiser, believed that retail investors will be left out of the bitcoin market especially as the cryptocurrency’s price “rockets to $1,000,000 per coin,” which will make it more difficult and almost impossible for people to afford Bitcoin. According to Keiser’s own estimations, since in 2024, Bitcoin’s supply would get cut in half again, it would, in his opinion, cause the general public to be shut out...

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https://ecoindiscuss.com/bitcoin-will-rise-until-itll-get-almost-impossible-to-buy-it/

US Crypto Taxes Are a Nightmare. Could These Proposals Help?



The best Sundays are for long reads and deep conversations. Earlier this week, the Let’s Talk Bitcoin! Show gathered to discuss the US tax treatment of “Virtual Currencies” and how scams find a home wherever opportunity exists, at least for a while.

During our first segment, we’ll discuss:


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https://ecoindiscuss.com/us-crypto-taxes-are-a-nightmare-could-these-proposals-help/

Bithumb Temporarily Shuts Down Some Offices As Korea Faces Another Possible COVID-19 Outbreak

South Korea’s largest cryptocurrency exchange Bithumb announced today that it is shutting down its offline offices as Korea struggles with a renewed coronavirus outbreak.
Bithumb Suspending Offline Support

Since the start of November, the country has been recording increased daily cases of COVID-19, with the number tripling in the last nine days. This has raised fears that South Korea has entered a third wave of the pandemic...

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https://ecoindiscuss.com/bithumb-temporarily-shuts-down-some-offices-as-korea-faces-another-possible-covid-19-outbreak/

John Lennon’s Son Says Bitcoin Empowers People, Gives Him Optimism in Ocean of Destruction


Bitcoin Gives Sean Lennon Optimism

Sean Ono Lennon is the son of the Beatles’ lead vocalist, John Lennon, and Japanese singer Yoko Ono. Sean talked about bitcoin with Max Keiser and Stacy Herbert on the Orange Pill podcast published Sunday...


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https://ecoindiscuss.com/john-lennons-son-says-bitcoin-empowers-people-gives-him-optimism-in-ocean-of-destruction/

Here’s The Modern Solution For Energy And Cost Efficient Crypto Mining


Bitcoin has brought attention back to the crypto space but has now become so expensive and its network so overly congested with participants that mining it is no longer as lucrative as it used to be. Only the largest companies with access to cheap energy prices can find success mining BTC...


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https://ecoindiscuss.com/heres-the-modern-solution-for-energy-and-cost-efficient-crypto-mining/

Bitcoin Price Spikes to Three-Month High as Bull Cross Approaches

Bitcoin printed a three-month high on major exchanges early Monday with key indicator eyeing its first bullish turn in 11 months.

Prices rose to $9,615 on
Luxembourg-based Bitstamp exchange during the Asian trading hours. That was the
highest level since Oct. 28. The top cryptocurrency also hit a three-month high
of $9,628 and $9,615 on Bitfinex and Coinbase, respectively...

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https://ecoindiscuss.com/bitcoin-price-spikes-to-three-month-high-as-bull-cross-approaches/

Ethereum is Breaking a Crucial Trendline for the First Time in Weeks


Ethereum and the entire crypto market are currently within a consolidation phase as Bitcoin makes a bid at setting fresh all-time highs.

The benchmark crypto rallied as high as $19,500 overnight before facing an influx of selling pressure that slowed its ascent and caused its price to reel lower...

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https://ecoindiscuss.com/ethereum-is-breaking-a-crucial-trendline-for-the-first-time-in-weeks/

Ethereum is Breaking a Crucial Trendline for the First Time in Weeks

Ethereum and the entire crypto market are currently within a consolidation phase as Bitcoin makes a bid at setting fresh all-time highs.

The benchmark crypto rallied as high as $19,500 overnight before facing an influx of selling pressure that slowed its ascent and caused its price to reel lower...

For More Details

https://ecoindiscuss.com/ethereum-is-breaking-a-crucial-trendline-for-the-first-time-in-weeks/

How much should one Bitcoin be worth to match market cap of Apple, Amazon, Gold?


A lot of numbers for the future price of Bitcoin have been thrown around recently, but most of them have been presented without context. The following article will focus on Bitcoin’s achievements, putting them in the context of traditional world assets.

The first thing that comes to mind is gold due to its similarity with Bitcoin and vice versa. Clearly, gold’s market cap and S2F ratio are much higher than that of Bitcoin. Does that mean Bitcoin will not reach it?...


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https://ecoindiscuss.com/how-much-should-one-bitcoin-be-worth-to-match-market-cap-of-apple-amazon-gold/

Wallets with less than 1 BTC account for just 5% of Bitcoin’s market cap


New data suggests that “wholecoiners” — Bitcoin wallets holding 1 BTC or more — now account for 95% of the cryptocurrency’s entire capitalization. That leaves just 5% of the market cap divided among tens of millions of users with a balance below 1BTC.

The total number of wholecoiner addresses has steadily increased year-over-year since 2009, despite BTC’s astronomic price rallies. On Nov. 27, Glassnode CTO Rafael Shultze-Kraft tweeted a chart revealing that more than 800,000 addresses currently hold at least 1 BTC...


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https://ecoindiscuss.com/wallets-with-less-than-1-btc-account-for-just-5-of-bitcoins-market-cap/

Bitcoin Expects to Fall by Another $3,000, Asserts Veteran Trader

A flurry of historical Bitcoin fractals suggests that Bitcoin will continue its decline by another $3,000.

Veteran trader Peter Brandt made the bearish call in a tweet published Thursday, hours after Bitcoin fell by up to 16.31 percent from its local high of $19,500. He added that the cryptocurrency might extend its downside correction until it hits the lower $14,000 levels, citing similar bearish moves during the 2015-2017 bull run. Excerpts:...


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https://ecoindiscuss.com/bitcoin-expects-to-fall-by-another-3000-asserts-veteran-trader/

The Sales You Better Not Miss


Black Friday is the day shoppers anticipate the most. Being regarded as the beginning of the Christmas shopping season in the US since 1952, Black Friday has also infiltrated almost every country with significant discounts on clothing, consumer electronics, home utilities, and more...


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https://ecoindiscuss.com/the-sales-you-better-not-miss/

Data shows Bitcoin price drops days after BTC futures open interest hits $1B


There was a time when BitMEX derivatives exchange reigned sovereign over other exchanges, and the company effectively held a 50% market share until July 2019. For this reason, traders kept a close eye on every indicator connected to BitMEX, including its funding rate, open interest, and basis.

Open interest measures the total number of contracts held by market participants. As the figure rises higher, so does the potential size of liquidations. On Aug. 2, a $1,400 crash happened as $1 billion in futures contracts were forcefully closed due to insufficient margins...

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https://ecoindiscuss.com/data-shows-bitcoin-price-drops-days-after-btc-futures-open-interest-hits-1b/

[b]Here’s Why Bitcoin May Need to Tap $13,000 Before Continuing Its Uptrend[/b


Bitcoin has done a full 180-degree turn, with the cryptocurrency’s previous upwards momentum now degrading as bears aim at sending it significantly lower.

The selling pressure seen as a result of the rejection at $19,500 is undoubtedly what sparked this movement, but a couple of other factors have perpetuated it...


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https://ecoindiscuss.com/heres-why-bitcoin-may-need-to-tap-13000-before-continuing-its-uptrend/

Why Bitcoin Price Just Surged to $7,000 Ahead of Weekly Close


Ahead of the weekly candle close in approximately eight hours, Bitcoin has embarked on a slight rally higher, retaking $7,000 just minutes ago as of the time of this article’s writing. With this, the cryptocurrency has rallied some 3.5% from the weekend low, but remains 7% below last week’s local high at $7,470...


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https://ecoindiscuss.com/why-bitcoin-price-just-surged-to-7000-ahead-of-weekly-close/