Daily Crypto NewsEDITION #87, 26 November 2020

Different prices, one Moon

Hey #Moni Maker ✋

Today, in 1976 "Microsoft" trademark was registered. It seems to be unnecessary to talk about the company's contribution to the technological development of the world, all that remains is to wish them success, right decisions and, of course, awareness, adoption and embracement of crypto. In the meantime, let's take a look at what another crypto day has brought us!

Let’s go!

We usually think that Bitcoin All Time High (ATH) was at $20,000, but this is an approximate figure. Let's take a look at the more accurate data.

If you look at the exchanges, the ATH was as follows:

Here are the ATHs if you look at the analytical services:

– CoinMarketCap — $20 089,00

– CryptoRank — $20,089

– CoinGecko — $19 665,39

On Bitmex, by the way, the price of Bitcoin exceeded $ 20.093, but on the Poloniex BTC ATH was $19.246 only!

Why do ATHs differ?

The price of bitcoin itself also varies from exchange to exchange. Because bitcoin is not USD or some other fiat currency, and it is not tied to anything. This is just one of the factors, you can find detailed analysis of this phenomenon here.

So what?

And another question - why not 20K?!

Answer: 20K is a meme, something like "a million dollars". $20K means everything is OK with crypto. Like having millions $$$ bucks is a sign of wealth.

In short, forget about these figures, very soon they will have to be updated anyway 😉

New record! The Chicago Mercantile Exchange (CME) saw $1.8 billion in trading volume.

This is a historic high.

Open interest also continues to grow, reaching $1.2 billion (+20% growth since the end of last week).

So what?

Crypto is leaving 2020 in shining armor, with profits on its shoulders. 🗡.

Buddy, have you already decided to get it or are you still waiting for the dip? :)

Gabor Gurbacs, head of the VanEck strategy department, said that they have launched Bitcoin-ETN ( bank note traded on the exchange). Their Bitcoin-ETN was cleared on the German exchange Böerse Xetra.

"The ETN is physically-backed by Bitcoin and listed on Deutsche Böerse Xetra. Launching a Bitcoin ETN was a top priority for VanEck." the company said.

Previously, VanEck had unsuccessfully tried to get U.S. ETF approval. Apparently, getting ETN is a bit easier.

ETN is a kind of receipt that is traded on the exchange. ETF, on the other hand, is an open-end investment fund. Learn more here.

So what?

Guys decided to outplay the game - to not sell, but give traders the opportunity to trade through ETN instead. (Someone may draw a parallel with binary options).

Of course, we are all in for the mass adoption, but such characters and events are still being watched closely.

We are a toxic community, so Britney made a song about us. Never try to outplay us!!

On November 25, the Arkhangelsk Regional Court considered the appeal against the decision of the Kotlas City Court to block BestChange.ru, a website aggregator of cryptoexchangers, in Russia.

"The reason for unblocking the site has already been quite accurately obtained. As long as there are no other court decisions, the site must be unlocked. Now we just have to wait for all the bureaucratic procedures to be completed so that the site will be removed from the registry of banned resources and access will be regained," said BestChange.ru.

At the moment, the site is still locked and in case of emergency you can use a mirror - Bestchange.net.

Let us remind, that Roskomnadzor banned Binance in Russia two months ago, but the website still can’t be found in the banned list.

So what?

We’d like to think that "I thought it was spring, but it turned out to be a thaw" or how did the famous Russian song go? (listen to it here, you know, our culture is quite cool)

But the truth is that people from Roskomnadzor block the resource for the fifth time already, what’s the matter? A battle of interest or bureaucratic paper flood?

— Bitmax has launched PlotX stacking;

— Binance will support Spark airdrop for XRP holders;

— Binance will list AAVEUP and AAVEDOWN margin tokens.

And one more thing...Buy Bitcoin! 😉