The third largest Bitcoin whales address increased its holdings by 207 BTC, according to on-chain monitoring data dated Nov. 16.
Although the price has fallen 8% in the past 24 hours, large investors are still accumulating BTC.
According to BitInfoCharts, Bitcoin’s third largest non-exchange whale address (1P5ZEDWTKTFGxQjZphgWPQUpe554WKDfHQ) bought 207 BTC at 8:41:44 a.m. today at an average price of $ 62,053. https://t.co/BLlyUsezE5 pic.twitter.com/GMjsTw6VBx
– Wu blockchain (@WuBlockchain) November 16, 2021
The third largest address in the market currently has a balance of 193,433,46915660 BTC, they bought another 207 BTC, or $ 12.84 million, at a price of $ 62,053.
“So far, the address has increased its holdings to 635 BTC in November,” noted journalist Colin Wu.
Mohamed El-Erian once bought Bitcoin for $ 3,000.
Former President of the Obama Global Development Council, Mohamed El-Erian, said he bought Bitcoin when it was trading around $ 3,000 in late 2018, marking the bottom after the early rally.
El-Erian says he bought Bitcoin but sold it too early – now he would be comfortable buying again https://t.co/0f2iZXDWA8
– CNBC (@CNBC) November 16, 2021
This economist held his positions until 2020 and sold them after Bitcoin broke the $ 19,000 mark. Immediately after El-Erian left the market, Bitcoin exploded with 250% growth.
According to El-Erian, the two main drivers behind the current rally are the use of Bitcoin as a hedge against rising inflation and the introduction of several futures-based ETFs. In addition, Bitcoin has also undergone a major network upgrade.
Following the correction in the global crypto market, Ethereum fell below a trendline formed since late October, while institutional capital inflows showed signs of growth last week.
ETH price chart | Source: TradingView
The trendline was formed after October 23rd and tested several times, most recently on November 10th, shortly after Ethereum hit a new ATH.
Ethereum has followed BTC and lost nearly 6% of its value, bringing it back into the price zone in early November when it was trading around $ 4,300.
News Shiba Inu
AMC CEO Adam Aron announced on November 16 that the company will partner with a payment service provider, BitPay, to accept Shiba Inu (SHIB).
The partnership will facilitate the use of SHIB for online payment for movie tickets and discounts. Adam Aron also emphasized that AMC will be the first BitPay customer to accept SHIB and that payment service via the BitPay wallet will begin within the next 60 to 120 days. At the same time, AMC also started payments in Bitcoin (BTC) and a variety of other altcoins over the weekend.
Attention #SHIBArmy: Our friends @Bitpay decided to specifically support Shiba Inu because I asked for AMC to use Shiba Inu for online movie ticket and concession payments. @AMCTheatres be the first @bitpay Client to accept Shiba Inu. Duration 60-120 days. This is a WOW! pic.twitter.com/F54i22hHDv
– Adam Aron (@CEOAdam) November 15, 2021
Nexo has announced a program to buy back domestic tokens valued at $ 100 million. The lender estimates that the entire process will be completed within the next six months.
We’re launching a record $ 100 million buyback program under #Nexonomics!
– Nexo (@NexoFinance) November 15, 2021
According to the press release, the company’s board of directors has approved the program that will allow it to “buy back” Nexo tokens on the open market on a regular basis. The process has already started and will be completed by the second quarter of 2022, “subject to prevailing market conditions”.
Nexo will use the redeemed tokens to “invest in strategic goals by merging tokens with existing plans and protecting the interests of token holders”. It will also use this redeeming token to “pay daily interest to customers who choose to receive their agricultural profits in NEXO”.
News Astar Network
The first Parachain auction on Polkadot is in full swing, with top projects from the Polkadot ecosystem competing for first place.
On November 15, DFG Group, a global blockchain investment company with $ 1 billion in assets under management, notification They provided 300,000 DOT tokens (valued at $ 12.65 million) to support Astar Network’s Parachain auction.
Astar Network, formerly known as Plasm, is competing to build a decentralized application center on Polkadot that will support the Ethereum Virtual Machine (EVM) and web assembly-based smart contracts.
BTC market news
Australia’s largest digital assets exchange, BTC Markets, announced that it will add two new members, David Raper and Garry Duursma, to its advisory board.
Caroline Bowler, CEO of BTC Markets, said the appointment of two new executives will help the platform grow stronger as the market expands.
Both new hires were previously employed in the traditional financial sector. Duursma has been with Tyro Payment for seven years and has also been working with Mastercard for some time. Raper has now been with ASX for 15 years and has also held positions at JP Morgan and SFE Corporation.
Take part @LiveFinancy Masterclass this week and learn everything you need to know about crypto.@CaroBowler is co-hosting the class together @LiveFinancy Founder Bianca Hartge-Hazelman this Thursday, November 18th at 12 noon AEDT.
Join Now: https://t.co/J8IsdzWLrm pic.twitter.com/k0ikwtLZus
– BTC markets (@BTCMarkets) November 16, 2021
Marathon Digital Holdings news
Marathon Digital Holdings, one of the largest bitcoin miners (BTC) in the United States, plans to borrow $ 500 million to buy bitcoin and set up new bitcoin mining pools.
On Monday, the Nasdaq-listed company officially announced a bond offer of up to $ 500 million from its senior convertible bonds.
According to the announcement, Marathon will use the raised funds for general corporate purposes, such as buying bitcoins or setting up new bitcoin mining devices.
– Michael Saylor⚡️ (@saylor) November 15, 2021
Gold rush news
After the successful listing of Immutable X, Huobi Primelist announced that it would start the NGL (Gold Fever) project on November 19th.
Users can participate in 2 ways:
- Option 1: Register in the queue on November 19th (Synthetic Team time) from 5:00 p.m. to 6:00 p.m.
- Option 2: Hold HT on November 19th from 10:00 AM to 11:00 AM (Synthetic Team time). The more HT holders, the more NGLs will be allocated, the minimum is 300 HT and the HT hold time is between 11:00 PM, November 16, 10:59:59 PM (UTC), November 18, November 11th .
News Acala and Moonbeam
Acala and Moonbeam are dispute leading position in the Polkadot Parachain auction.
With a total committed DOT value of more than $ 2.5 billion, Acala and Moonbeam are strong contenders for winning the auction, which ends on November 18.
The winning project will be part of the official Polkadot Parachain on December 18, along with the other winners of the next five auctions.
As part of a recent move towards Asian markets, US-based Circle Ventures, the venture arm of the world’s second largest stablecoin issuer USDC, has entered a fundraising round. 500 million yen ($ 4.38 million) Series A capital of JPYC Inc, the issuer of the stablecoin JPYCoin.
Following the release of the stablecoin as a prepaid payment instrument in January 2021, JPYC Inc. intended to use the funds to improve its position as an issuer of stablecoins by improving its business operations and developing and acquiring prepaid payment instruments from medium-sized companies .
Circle that #United States-based issuer of USD #Coin (#USDC), has Asian prosperity in its sights #Crypto Markets.#Investment #Crypto trading # Cryptocurrencies #Japan #JPYCoin pic.twitter.com/FcEABnyILH
– Solicy (@solicydotnet) November 15, 2021
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