Top Blockchain and Crypto News — 11/24/2020
Previous Bitcoin Bull Run Patterns Suggest Current Run Could See a $160K Top, Possible $25K Bottom
At the time of publication, the cryptocurrency economy is well above a half of a trillion dollars and is hovering at $538 billion today. The great 2020 crypto price boom has a number of crypto proponents wholeheartedly believing the bitcoin bull run is now in session.
At a price height of around $18,977 per coin, bitcoin (BTC) has come awfully close to reaching the 2017 all-time high. A myriad of individuals think that bitcoin could quite easily reach six digits in value crossing over the $100k zone in the future.
Exploring the idea of interoperability between Cardano and Litecoin
During the latest Litening Series webinar, the heads of the Litecoin Foundation explored the idea of introducing interoperability between Cardano and Litecoin. David Schwartz, the project director of the Litecoin Foundation, said that it was important to generate as much talk about this idea as possible, as having a bridge between Litecoin and Cardano wouldn’t benefit just the two blockchains, but the entire crypto industry.
A strong initiative to make Litecoin the first blockchain Cardano can interact with
Set to introduce native token functionality with Goguen, Cardano has already made great strides in becoming one of the first blockchains in the crypto industry to actively push for cross-chain interoperability. However, a much stronger current pushing in the direction of introducing blockchain bridges seems to be coming from Litecoin.
End of Western Union Remittance Service to Cuba a Boon for Crypto
As new U.S. government measures that impose restrictions on remittances to Cuba becomes effective after November 22, Western Union, which has been operating in the island nation since 1999, will close shop. The new rule, which was published on October 27, gave Western Union 30 days to implement new restrictions. The new rule is likely to increase the appeal of crypto assets as Cubans are now expected to find a suitable alternative in a very short space of time.
Targeted Sanctions
At the time of the initial U.S. government announcement, the global remittances giant had promised to find a solution for its Cuban customers. However, in a later update on November 13, Western Union said it was unable to “find a solution in this limited timeframe.”
Binance Issues Stern Quit Notice to US Users, Gives 14 Days Ultimatum
Binance expects its users to transfer their holdings to its US subsidiary which, though regulated, is not yet available in all the 50 states of America.
Major cryptocurrency exchange Binance has issued a very stern quit notice to its platform users resident in the United States of America following regulatory concerns. According to the notice contained in a letter sent to the Binance US users fished out through their IP addresses, Binance is giving them a 14-day ultimatum to transfer their current holdings out of the exchange, failure of which can cause the accounts to get locked.
“Dear user, as we constantly perform periodic sweeps of our existing controls, we noted that you are trying to access Binance while having identified yourself as a US person,” the email, a copy of which Decrypt has obtained, reads. “Please note that as per our terms of use, we are unable to service US persons. You have 14 days to close all active positions on your account and withdraw all your funds, failing which your account will be locked.”
West Coast Aquaculture (WCA) Completes $3.65M IPO with Over 89% Raised via Tether (USDT)
West Coast Aquaculture (WCA) stocks are now listed on the Sydney Stock Exchange under the SSX code 833.
As cryptocurrencies get globally accepted, an Australian-based West Coast Aquaculture (WCA) has announced that it successfully completed raising $3.65 million via IPO with over 89% through Tether (USDT). According to news outlet Coindesk, the WCA crypto IPO was facilitated by a fintech firm STAX. “The successful WCA capital raise and IPO, paves the way for the future of capital markets in Australia”, said STAX CEO Kenny Lee.
The use of digital assets to raise funds will significantly revolutionize global IPOs as more people who would have otherwise been locked out can now access with much ease.
Brought to you by AllYourFeeds.com — Create an account today!
AllYourFeeds is a Web 3.0 content platform for industry specific news, media and data from 1000s of sources. Stay on top of rapidly evolving industries and content trends from ONE portal with focused search and navigation. Subscription memberships unlock commenting, content submission, custom dashboards and data analytics. Private label solutions available for monitoring specific industries, topics and enterprise intranets.
- Relevant. News without any social noise. Limited commenting.
- Quality. Expert vetted and AI enriched.
- Curated. Content and analytics for researchers, investors, traders & executives
- Focused. No more tab overload across fragmented platforms and publications.
- Fair. Support for paid original publishing via direct tipping and revenue share.
- Current portals include Blockchain, Biotech, Cannabis, AR & VR, AI & IoT.
