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● ETH2’s ‘genesis day’, which will see the launch of the new Beacon chain, has been confirmed for December 1st following the transfer of almost 525 thousand Ether from over 16 thousand validators into the ETH2 deposit contract.
● Ethereum’s Beacon chain is an interim blockchain that will operate in parallel with the current network as it begins the first of four migration phases to the 2.0 scaled network.

The second-largest cryptocurrency by market cap, Ethereum, has had the most significant update in its 5-year history. A major milestone has been achieved on the path to ‘Ethereum 2.0’, …


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Last Monday, Bitcoin started the day at $19,375 and over the course of the week, we drifted lower, reaching $17,580 on Friday. This weekend, Bitcoin rallied, printing a Sunday high of $19,421. In recent weeks we have seen price appreciation during the more institutional Monday to Friday trading session, with weekends being largely uneventful.

It feels like this weekend’s rally was a concerted effort by more traditional Bitcoin traders, desperate to bring the highs back into focus for Wall Street. MicroStrategy’s announcement of a $650M bond definitely helped the mood, but as Wall Street has been coming back on line, there has been no follow through. …


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A currency rally? A variety of factors converged to push currencies (including crypto) up late last week and over the weekend.

With discussion with the EU and the UK improving, we saw the pound jump about half a percent.
The yuan, key to investing in Chinese bonds and equities has also been on a steady rise and, with attractive yields, is projected by some analysts to rise further.

Naturally, optimism about a vaccine also helped bolstering equities in general and the risk-on approach was felt all around.

Over Saturday and Sunday, BTC rose almost 7%, from $18,050 to the mid 19K’s, currently at $19,170. The bounce came after a week and a half of slow but steady downward moves, taking us to the mid 17K’s. …


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Over the Weekend…

Canadian digital asset investment manager 3iQ announced it will launch an Ethereum (ETH) fund on the Toronto Stock Exchange. Its ticker is QETH.U. 3iQ maintains a focus on Bitcoin (BTC), Litecoin (LTC), and Ethereum.

On Monday…

A report from Ethereum (ETH) metrics website Dune Analytics showed a tenfold increase in the number of Ethereum addresses in the decentralized finance (DeFi) ecosystem since last year. There are now 1 million addresses where there were 91,000 on the same date last year.

Hauck & Aufhäuser, a private German bank, announced it would launch its first ever crypto fund. The HAIC Digital Asset Fund I will include crypto assets like Bitcoin (BTC), Ether (ETH) and Stellar (XLM) among others. …


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Commentary

Some markets move up, blind to bad news and unstoppable in their ascension. We have seen that throughout the last few years, but it has become more pronounced in the past couple of months. Something has changed and the momentum that characterized BTC throughout October and November seems to have cooled down.

More worrying, prices retrace even in light of positive news. …


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For traders, the primary motivation when trading is undoubtedly to earn a return on investment. Unnecessarily high transaction fees can, however, deplete trading account balances and erode returns, and so, serious investors will always look to minimize extra costs. This is where an investor’s choice of trading venue becomes so important, as of course, there can be significant differences in services provision, fees, liquidity, and operational transparency between platforms.

In the last decade, since the emergence of cryptocurrencies, governance and investor protection issues have become a focal point, particularly for exchanges. Many continue to lack the controls and transparency[1] required to protect investors[2], and indeed many are regarded as potentially exploiting their clients[3]. …


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Struggling to think of a good Christmas present this year? Thinking of sending a gift that will be delivered in minutes, for the cost of a stamp? Me too, please let me know what you think of…

This year, Christmas day is on a Friday, which also happens to be the day a large amount of Bitcoin futures and options will expire. As we know, Bitcoin never sleeps and doesn’t do public holidays. …


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Commentary

Bitcoin is beginning to form a new trading range at these elevated levels. As much as a rip-roaring rally is fun, a little time to acclimatize is a good thing. There would be no harm done if Bitcoin decided to track between $17,000 and $19,000 for a week or two — in fact, it would build a nice base for the next bout of price appreciation to blast off from.

As we take a breath and look back over the last 8 weeks, one data point stands out from the crowd.


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Diginex has acknowledged the importance of key partnerships from inception and has sought to integrate its industry-leading solutions with conventional trading tools and platforms, in order to make digital assets and cryptocurrencies more accessible to a growing institutional investor base.

Opening up Digital Assets to Institutional Players

The migration of traditional investors into the digital asset space has contributed significantly to the expansion of the digital asset market in 2020. A report by Fidelity Digital Assets this year found that 80% of U.S and European institutional investors consider cryptocurrency to be an appealing portfolio prospect. …


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On Tuesdays we generally take a look at a slew of on-chain metrics to asses the health of Bitcoin from a non-price perspective.

Much like the price of Bitcoin, everything is tracking sideways and showing no warning signs, nor are the data points displaying anything to suggest the next leg of the rally is about to commence.

After a brief period of sideways action, one indicator has registered a data point worth sharing as we see a continuation of exchange balances decreasing to new yearly lows.

About

EQUOS Global

EQUOS is a cryptocurrency exchange focused on offering innovative product and services that are compliant, fair, and trusted.

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