You are at: Home » News » Video » Bitcoin acting CRAZY, Libra coming soon? | This Week in Crypto – Nov 30, 2020

Bitcoin acting CRAZY, Libra coming soon? | This Week in Crypto – Nov 30, 2020

Bitcoin has had a crazy week. It started the week off by hitting $19,000 for the first time this year, but since Thanksgiving, the currency has shed $3,000 from its price.

Following the dip, popular crypto trading platform Coinbase, suffered a brief outage that affected both its exchange and its mobile app. The company appears to see problems whenever there are major changes in price. Coinbase also lost power in June following bitcoin’s third halving and subsequent spike to $10,000.

A new report suggests that Facebook’s cryptocurrency project, Libra, could be available as early as January of 2021. The project was first announced last year, but has encountered several issues that have delayed the asset’s release. Mark Zuckerberg has stated that Libra will be a cryptocurrency for the world, but the initial release will be just a single coin backed one-for-one by the US dollar.

New research shows that activities associated with Satoshi Nakamoto, the creator of Bitcoin might have taken place in London. Diving into some of Nakamoto’s earlier public posts, including Bitcointalk publications, commits, and emails, the researchers compiled the most probable locations and timezones based on these activities and asserted Nakamoto lived in and worked on BTC from the UK.

Canadian crypto investment firm Cypherpunk has sold all its holdings in Ethereum, Monero and other altcoins to purchase more bitcoin. The enterprise added 73 more BTC, becoming the world’s ninth-largest public holder of the asset.

A huge thanks goes out to eToro for supporting us in putting this video together. If you’re looking to trade cryptocurrencies, consider joining the millions who are already using the unique features eToro offers, like CopyTrader, which lets you automatically replicate the moves of top performing traders on the platform. For more information, visit etoro.com.

*This ad promotes virtual cryptocurrency investing within the EU (by eToro Europe Ltd.), UK (eToro UK Ltd.) & USA (by eToro USA LLC); which is highly volatile, unregulated in some EU countries and the UK, no EU or UK consumer protections & not supervised by the EU or UK regulatory framework. Investments are subject to market risk, including the loss of principal.

67% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.

CFDs are not available to US customers.

That’s what’s happened this week in crypto. See you next week.

Free Bitcoin Crash Course

Learn everything you need to know about Bitcoin in just 7 days. Daily videos sent straight to your inbox.

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
We hate spam as much as you do. You can unsubscribe with one click.
We hate spam as much as you do. You can unsubscribe with one click.

Leave a Comment

Your email address will not be published.

Scroll to Top