Daily Crypto NewsEDITION #90, 30 November 2020

So unexpected news

Hey #Moni Maker 🥳

Well, Bitcoin Black Friday seems to be over, congratulations to all who took the opportunity and participated in the sale! If you didn't, don't be down - the best time to buy bitcoin, as you probably already know, was yesterday, but the second-best is luckily right now😉!

Anyhow, the world does not revolve around Bitcoin alone, so let's go check what else has last week brought us.

Top news of the week; you can’t miss them!

• Looks like Facebook is preparing to launch the Libra cryptocurrency in January next year.

• And a November letter of Pantera Capital investment company says that PayPal and Cash App have a strong impact on the BTC deficit and, accordingly, leads to an increase in its price.

• In recent days, users deposited more than 524,288 ETH (~$320 million) to the address of the depository contract, required to launch the zero phase of Ethereum 2.0 update.

Not so loud, but interesting

• On November 25, the Arkhangelsk Regional Court considered the appeal against the decision of the Kotlas City Court to block BestChange.ru, a website aggregator of cryptoexchangers, in Russia.

• On this week, Bitcoin has dropped below $16,500, and $1.9 billion worth of positions have been recently liquidated; most of those were long positions.

• Also according to CryptoRank, the total volume of bitcoin futures trading exceeded $62 billion, a new record high. Binance Futures accounts for most of the volumes - $11.8 billion.

• Hm...The head of PayPal is very optimistic about Bitcoin's prospects. He also said in an interview with CNBC that the company would allow using crypto as a means of payment for any transactions of all PayPal merchants from the beginning of next year. (there are 28M merchants!)

• Another one head: Gabor Gurbacs, head of the VanEck strategy department, said that they have launched Bitcoin-ETN ( bank note traded on the exchange). Their Bitcoin-ETN was cleared on the German exchange Böerse Xetra.

• Wow! Let’s speak about records and numbers: we usually think that Bitcoin All Time High (ATH) was at $20,000, but this is an approximate figure. Let's take a look at the more accurate data.

• And a new record! The Chicago Mercantile Exchange (CME) saw $1.8 billion in trading volume.

• In addition, The number of bitcoin whales (owners of at least 1000 BTC) has reached 2000. According to Glassnode, this is the highest figure in 4 years.

PlanB, the creator of the Stock-to-Flow Bitcoin price prediction model, believes that this bullrun will start in January 2021, as it happened first in 2013 and then in 2017.

A new study by The Chain Bulletin says that according to some data one of the most likely places where Satoshi could work on Bitcoin between 2008 and 2010 was London. 👇

The capitalization of Tesla grew by about 650% YTD and overtook the half a trillion dollar mark, and Elon Musk bypassed the founder of Microsoft, Bill Gates, to become the second-richest man in the world. During this year, his fortune has grown by $100 billion!

Have the greatest week ever!

And one more thing...Buy Bitcoin! 😉