“The Bitcoin (BTC) price, which is currently sitting at $16,320, has only been at this level or higher for 12 days in the coin’s entire 4,332-day history, representing just 0.28% of the cryptocurrency’s life.
By contrast, the majority of altcoins are yet to enter proportionally rare price ranges. Ether’s (ETH) current price of $464 has been exceeded 201 days in the past, representing more than 10% of the entire 1,933 days since the Ethereum network went live.
Bitcoin’s strong rise past $16,000 has also seen record volumes recently. With more than $5.5 billion in Bitcoin trading volume recorded on Nov. 5, only nine days have seen stronger volume in Bitcoin’s history.”
“Bank of England Deputy Governor Jon Cunliffe said it was not his central bank’s responsibility to protect banks from whatever impacts digital currency projects may bring.
Politicians must fast-track their analysis of central bank digital currencies to stay ahead of the private sector, he said.
Our job is not to protect bank business models.”
“With UNI farms closing on Nov.17, the community has discussed what comes next. The call ended with no clear direction from Uniswap, and no proposals submitted for extending UNI farming or launching new pools.
Up to $1.1 billion dollars’ worth of ETH could be withdrawn from these four pools and either sold or reinvested into higher earning incentives.”
“Bitcoin flows to Binance from Huobi reached an all-time high since the Huobi chief operating officer, Robin Zhu, allegedly went missing on Nov. 2. For months, Chinese regulators have been clamping down on many crypto trading platforms.
A lot of users went to Binance because Chinese users are more familiar with Binance and Binance’s executives are all overseas.
The sentiment is very bad for all countries outside of China looking to do business with China at this time.
A possible, positive, long-term outcome of the crackdown for exchanges could be that it may encourage the regulators in China to eventually push some sort of a compliance process for crypto exchanges instead of banning them.”
“The innovation comes through the understanding that electric vehicles aren’t just alternatively-powered cars, but batteries on wheels.
This allows them to be used in a bi-directional charging scenario whereby they are charged up overnight using cheap electricity and can then supply excess power to the building at peak times during the day. The car owners are then credited for the power they provide. Blockchain is used to keep an automated ledger of transactions.
This technique can be used to stabilize the requirements placed on the power grid, and smooth out fluctuations in the provision of renewable energy sources.
You are going to have an abundance of battery reserve storage that’s just sitting there — most people only drive their vehicles 10% of the time.”
“BitPay Send is a payout service with a focus on international and gig-economy companies looking to pay multiple recipients online simultaneously.
With the new service, companies don’t need to buy, own or manage cryptocurrency, while the recipients receive payment more efficiently and at a reduced cost. Recipients need to have a BitPay ID and cryptocurrency wallet in order to receive payment and companies are charged a 1% fee.
Blockchain payment adoption is growing because it offers an easy way to send and receive payments on a global scale.”