Cryptocurrency news
Bitcoin hits a new all-time high.
Bitcoin just hit a new all-time high, surpassing the last all-time high of $19,783.21 on Dec. 18, 2017.
According to coingecko Bitcoin hit $19,860 on Nov 30, 2020.
Bitcoin’s attracts Mainstream media
As bitcoin hits its new all-time high, the mainstream media, The New York Times steps forward to cover the news and calls this time the rise is very less of a bubble this time around.
Whenever you see mainstream covering the bitcoin news, you know more storm is ahead@nytimes
$btchttps://t.co/7XaAeP4rYU— CryptoTapas.com (@CryptotapasC) December 1, 2020
Bitfinex hackers move 5000 BTC in the midst of new highs
The hackers of Bitfinex who stole 119,756 BTC back in August 2016 have just moved 5045 BTC, worth $97 Million, to various addresses as the bitcoin prices reach all-time high since 2017.
A total of 14 transactions were sent as caught by btcparser.com
Venezuelan army turns to Bitcoin mining operations to overcome the country’s failing economy.
“Digital Assets Production Center of the Bolivarian Army of Venezuela” was inaugurated by the Venezuelan army.
More photos from inside the Venezuelan military cryptocurrency (Bitcoin) mine at Fuerte Tiuna#Venezuela pic.twitter.com/4pe9iLBqlo
— CNW (@ConflictsW) November 29, 2020
No power supply to crypto miners in Yunnan province.
According to the Chinese crypto reporter Colin Wu, most of the miners have reported that the authorities have passed the orders to shut the power being supplied to the Crypto Miners in Yunnan, which happens to be the third largest mining province in china.
Several miners told Wu that Baoshan, Yunnan, where China’s crypto mines are located, received a ban on November 30, requiring the power station to stop supplying power to the miners. Yunnan is the third largest mining place in China after Sichuan and Xinjiang. pic.twitter.com/1zAhcTLmXi
— Wu Blockchain（Chinese Crypto Reporter） (@WuBlockchain) November 30, 2020
Winklevoss twins on CNBC said that bitcoin is Gold 2.0, and it could disrupt gold. When BTC reaches Gold’s market cap of $9 trillion each BTC will be worth $500,000.
Michael Sonnenshein, managing partner at Grayscale, says many public companies are adding bitcoin to their balance sheet.
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