Bitcoin is stable above $16k with little mainstream hype, and it’s very bullishBTC $16,244 (+1%) • ETH $469 (+2.6%) • XRP $0.26 (+4%)
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The price of Bitcoin is showing stability above $16,000 after a continuous rally since November 10. Every major dip was aggressively bought up, allowing BTC to sustain strong momentum. Yet, there is little mainstream hype behind the rally. According to Google Trends, compared to the 2017 rally when Bitcoin hit $20,000, there is noticeably lower mainstream interest. The popularity of the keyword “Bitcoin” on Google’s search engine is at 10 points out of a possible 100. In contrast, in 2017, the popularity of the same keyword hit achieved 100 points out of 100. Trending … 🚜 DeFi Tokens • 🔮 Oracle Tokens • 📈 Biggest Gainers • 💵 Stablecoins More news ⏬Why crypto communities are baffled by PayPal’s Bitcoin and Ethereum descriptionsPayPal, the payments conglomerate integrated crypto purchases in October 2020, earning praise from the cryptocurrency community. Another day, another hack: $2m in DAI drained from Ethereum DeFi app AkropolisWith billions of dollars on the line, it is no surprise that the decentralized finance (DeFi) space has been rife with hacks and exploits on innocent contracts. Stellar-based Akoin can now be used to pay for groceries and gas in Kenyan cityIn its first step towards the futuristic Akon City, Akoin, the cryptocurrency business that is chaired by global artist Akon, can now be used to pay for goods and services in a west Kenyan city. Cryptonites and CryptoSlate announce partnership to bring you a weekly dose of crypto video entertainmentCryptoSlate is excited to announce it will bring you exclusive coverage of crypto edutainment channel Cryptonites each week, thanks to a partnership with the impressive London-based video production team. Introducing BeefChain, a rancher-to-retail supply chain traceability solution using CardanoBeefChain is a Wyoming-based traceability solution on a quest to track the origin of cattle and sheep using Cardano. $1 billion worth of Ethereum is about to be released into the DeFi marketIn a few days’ time, on November 17, Uniswap’s first yield farming opportunity will end. The crypto fund that has been shorting Chainlink (LINK) since $5 has returnedMonths ago, a Twitter account called “Zeus Capital” was registered, along with a respective web page. Bitcoin-friendly US regulator slammed for focusing “too much” on cryptoA US lawmaker famous among crypto circles for his forward-thinking stance on the addition of digital currencies in the broader economy was “blasted” by regulators on Wednesday for focusing “too much” on the niche market, as per a press release. 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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