2020 has been a huge year for the cryptocurrency ecosystem, perhaps the biggest on record. Dozens of stories and developments have pushed the sector onwards to greater heights of adoption, respect, and valuation this year, all of which have contributed to huge success for many aspects of the ecosystem.
The alt rally that has been enjoyed by many within the crypto community will have left one set of crypto enthusiasts less than pleased. This is because, despite the fact that everywhere you look alts are popping off left, right, and center, a great many are still flatlining, remaining rooted to the course that they have been on for many, many months. Welcome to the Chart of Death.
Read the full article at FullyCrypto: https://fullycrypto.com/if-your-alts-havent-pumped-weve-got-some-bad-news
Ethereum enjoyed a stellar weekend, helping the alt market roar back into life as Bitcoin stalled around the $18,500 area. Aided by a sudden surge in Ethereum 2.0 staking, Ethereum raced from $505 at midnight Saturday to $587 late Sunday night, while the alt market cap added $31 billion to its total, reaching levels not seen since June 2018.
Read the full article at FullyCrypto: https://fullycrypto.com/ethereum-leads-the-charge-as-alts-fight-back
Selling the top of a trade is given a lot more credence that it actually deserves. Of course for those who manage it there is an added frisson of excitement, but really it is not something you should be aiming for, and when you look into it, selling the top isn’t really that amazing of an achievement anyway. And it certainly isn’t something you should be aiming for.
Read the full article at FullyCrypto: https://fullycrypto.com/dont-obsess-over-selling-the-top
After much excitement and anticipation, DEGEN coin is finally here! The token, which is an index of what its creator calls “a basket of 10 of the fastest-growing, most promising small cap tokens in crypto” launched on Indexed Finance yesterday, quickly finding a floor at the $5-$6 range after early trading saw it hit $43. The basket of tokens, which is subject to change over time, contains a number of tokens that will be familiar to many and some outside choices that are not so well known.
Read the full article at FullyCrypto: https://fullycrypto.com/degen-coin-goes-live-on-indexed-finance
Influencer power has been the driving force for crypto price pumps since time immemorial, and the DeFi craze has been no different. Twitter influencers have been multiplying their bags by double figures or more for months now, either getting in early and promoting it off their own back or being paid (without saying so) by the projects themselves. However, as the recent performances of Meta, Lazarus, and Dracula Protocol show, even influencer power can’t save the death of DeFi shitcoins.
Read the full article at FullyCrypto: https://fullycrypto.com/defi-token-crashes-illustrate-influencer-power-is-waning
Bitcoin will always have its detractors, but some are more famous than others. For every Elon Musk there is a Bill Gates, for every Michael Saylor a Warren Buffett. However, recent weeks have seen a change in mindset from two long-established Bitcoin bears in a sign that the digital world may finally be winning over the analogue stick in the muds. ‘Wolf of Wall Street’ Jordan Belfort and Howard Marks, co-founder and co-chairman of Oaktree Capital Management, have both been avowed anti-Bitcoiners up to this point, but it seems that the pair have finally had a change of heart as Bitcoin has seen rapid institutional adoption and a price rise to $60,000.
Read the full article at FullyCrypto: https://fullycrypto.com/bitcoin-bears-are-finally-educating-themselves
Pek Universe, the supposed cryptocurrency investment project that we outed as a scam two months ago, has been handed a cease and desist notice by the Texas State Securities Board (TSSB). Pek Universe, which we revealed to be a fraud in July, was dealt the order last week alongside another scam, Forex Birds, LTD, as the state continued its campaign against illegal investment vehicles.
Read the full article at FullyCrypto: https://fullycrypto.com/pek-universe-handed-cease-and-desist-order
Coinsquare has had a torrid second half of 2020 and it could be about to get worse – the Canada Revenue Agency (CRA) is seeking a court order to force the exchange to hand over user and account details going back to 2013. The National Post reported over the weekend that in September the CRA submitted a filing to the country’s federal court demanding that the Toronto-based cryptocurrency exchange hand over certain information about all its customers for the last seven years, news which will send a shiver down the spine of many early cryptocurrency traders.
Read the full article at FullyCrypto: https://fullycrypto.com/coinsquare-faces-court-order-over-historical-user-data
Visa recently announced that it is to join MasterCard in the race to facilitate bitcoin payments on its platform, news that was greeted with great fanfare within the cryptocurrency community. However, as with MasterCard, Visa’s process will involve converting the bitcoin to the local currency prior to the sale going through, much as cryptocurrency debit cards do now, so can we really say that millions of merchants will suddenly ‘accept bitcoin’?
Read the full article at FullyCrypto: https://fullycrypto.com/will-payment-giants-really-allow-merchants-to-accept-bitcoin