Bitcoin “enters stratosphere” as massive OTC deals spark institutional demandBTC $17,684 (+5.6%) • ETH $484 (+3.9%) • XRP $0.30 (+3.6%)
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Bitcoin achieved its highest price since January 2018 across major exchanges, seeing a massive rally as over-the-counter (OTC) deals grow. This trend shows that institutions and high-net-worth are actively accumulating BTC. Throughout November, on-chain analysts, including Willy Woo, said the ongoing rally is being led by smart money. The rise in OTC deals and the simultaneous increase of Bitcoin depicts a similar trend. Trending … 🚜 DeFi Tokens • 🔮 Oracle Tokens • 📈 Biggest Gainers • 💵 Stablecoins More news ⏬This Ethereum-based DeFi token is up 3,000% in the past week aloneIt appears that “aping” into new decentralized finance (DeFi) coins is back in vogue with Bitcoin pumping, Ethereum moving towards its summer highs, and money moving right down the DeFi risk curve. ConsenSys acquires Truffle Suite, the world’s most used blockchain developer toolsConsenSys, the largest Ethereum venture production studio, has acquired Truffle Suite, the company behind one of the most widely used blockchain developer tools. No one is safe: Ethereum DeFi protocol by PayPal co-founder exploited for $7.5mNo one is safe from the ever-growing wave of decentralized finance (DeFi) exploits, not even prominent technologists and investors. Yearn.finance to buyback YFI from open market as YIP-54 passesThe token that rallied 64,000% in 2020 might see more price spikes ahead after a recent proposal was passed this weekend. How DeFi could unlock institutional liquidityIn the world of traditional finance, traders rely on credit, making plays across multiple exchanges from one pool of collateral managed by prime brokers. Retail Is Coming: Game of Thrones star asks Twitter if she should long BitcoinIt appears that we’re in the part of the Bitcoin bull run where celebrities want in on our favorite orange coin. Cardano’s Goguen update brings native tokens implementation and better dev toolsCardano’s Goguen team has spent the first two weeks of November working on bringing native token and token locking functionalities to the Ledger hardware wallet. Featured event - BlockDown Latam 2020
No 1 Virtual Conference BlockDown rolls into Latin America next Friday with an array of the best speakers covering the Latin American crypto industry. BlockDown Latam will host a Latino band offering a touch of South American flair, limited edition NFT’s with $3k of prizes to be won, plus educational masterclasses. BlockDown Latin America promises to be a celebration of all things Latam and crypto, and is not to be missed! Control your wealthAd: A trusted and accessible wealth management ecosystem powered by blockchain technology, SwissBorg puts your wealth back in your hands. 🗞 Got a story tip? Email tips@cryptoslate.com Crypto market dataFor more pertinent market data, please see: Connect with usDisclaimer: None of the content in this newsletter is meant to be financial advice. Please do your own due diligence before taking any action related to the content within this article.
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