4.11.2020 - Another day into Crypto-verse
Finally the ETH fees started to come back to normal. According to Glassnode, Ethereum miners got paid 57.5 million dollars in transaction fees in October, more than 65% less than September 166 million. Trading volume on DEX, mainly based on ETH, is now down 25%, and DEFI mania seems to cool down at the moment. But, while ETH miners made lees than the last month, they still surpassed the BTC miners profit. The US elections will affect Bitcoin for sure, but in which way, the analysts try to find out. Trump seems to probably lose, in the light of the latest events, but this is not a sure thing. Anyway, BTC has almost no reaction when Trump trumped his way over Hillary Clinton in 2016. If Biden will win, the US budget deficit will probably increase, and more money will be printed. Bitcoin has an advantage every time this happen. The US stocks may rally, and this lead to Bitcoin increase in the past. Anyway, believe me when i say this, nobody knows for sure and nobody can predict exactly how the market will react. Bitcoin miners, even if they got less than the Ethereum miners, still managed to benefit of an 8% increase in revenues in October, closing the month at near 30% increase in price. Keep in mind that most probably Bitcoin miners sell their blockchain rewards right away. Paypal raises their customer weekly buying limit at 15.000 dollars per week, for they crypto services, from the initial 10.000. ECB bank president Christine Lagarde was talking about the posibility of a digital euro, as they are looking for feedback related to the idea at the moment. I presume the Chinese Digital Yuan provided enough bachground to start the research. And then, looking at the market, it is strange to see BTC on green with the rest of altcoins in red. Far away from what we hoped, as we were thinking at the BTC-Altcoins moving independently, but with Bitcoin staying the same and Altcoins moving up. Well, this is a market, and unexpected moves happen all the time. Oh, and i almost forget, Tron network was down for two hours yesterday, after the upgrade to the version 4.1, as a malicious contract attacked the mainnet. At least this is what Justin Sun said on Twitter. Nothing bad happened in the end, so this is all good. That's it for today. Yours truly, George *Why not...* *...have fun and win rewards on blockchain games (**Splinterlands* *- Hearthstone-like card game) (**Axie Infinity* *- NFT battle)* https://splinterlands.com/?ref=mightyrocklee https://land.axieinfinity.com/purchase?r=sBisOZSRuTIKRWrQ5pbSAytrrdM *...use the* ***world best cryptocurrency exchanges****:* *Binance**,* *Coinbase* *and* *Kucoin**.* https://www.binance.com/en/register?ref=L05S7B12 https://www.coinbase.com/join/gmihalache https://www.kucoin.com/ucenter/signup?rcode=7xfryf *...get the higher rewards for your* ***investments*** *using* *Blockfi* *and* *Celsius.network**, use referral 1235256530 for $20 bonus.* https://blockfi.com/?ref=8cff0fb6 https://celsius.network/get-the-app/?_branch_match_id=786176267473301667 *The* ***most lucrative faucets*** *that I use:* *ZEN**,* *ZEC**,* *PIVX**,* *LTC* *and few others.* https://getzen.cash/auth/register?ref=257678 https://globalhive.io/auth/register?ref=1920 https://pipeflare.io/r/1004 https://www.thecryptofaucet.com/?r=61485 *Get* ***ETH*** *while writing on* *Publish0x* *blog, using the* *Brave* *browser -* *Presearch* *search engine to maximize your* ***BAT*** *income.* https://www.publish0x.com/?a=y5eVGmvaEP https://brave.com/geo707 https://www.presearch.org/signup?rid=1685676 *Check my Lbry.tv* *channel* *in here. I am also writing on* *Read.cash* *(Bitcoin Cash rewards there).* https://lbry.tv/$/invite/@Crypto_I_tested_it_so_you_didn't_need_to...:b https://read.cash/r/Heruvim78 *Disclaimer: This text also can be re-published on my personal blogs, such as* *this one**.* https://oneurbanfairytale.blogspot.com/2020/05/tests-and-pathways-leading-to-early.html
3 comments
About time
Interesting that PayPal has a weekly buying limit for its crypto services at all! If I had $15,000 spare to invest in crypto (or even 'just' $10,000), I'm not sure that I would be using PayPal to do so. Who are these PayPal whales and where have they been investing their money up until now?
great update my friend!