BTC is currently trading at ~$7,240, down ~5.2% over Friday. On the daily chart, BTC is still trading below its 21-, 50- and 100-day EMA support lines, and RSI is still at ~36.4, indicative of significant bearish momentum. On the weekly chart, BTC managed to hold its 100-EMA support line after testing it the week before.
BTC also recently bounced off the lower bound of its lower highs and lower lows trading pattern/ channel/ zone it has been trading within since late June this year.
Poll of the Day
How much do you agree with this statement: "I would be interested in a separate weekly CoinMarketCap newsletter that deep dives into the various tools available on our site."
San Jose, California-based network technology company, Cisco, has recently won a patent, and the patent details how it can use blockchain to secure the data in 5G telecommunication networks.
The blockchain platform aims to manage data exchanges between a connected device via the blockchain interface and a network. 💬
The patent also describes using a service-oriented architecture that enables multiple independent virtualized networks to operate in the same physical infrastructure more efficiently, allowing a "blockchain platform to support network slices."
More fiat-crypto onramps 🇷🇺
Moscow-based franchise of Singapore-based crypto exchange Huobi, Huobi Russia, now allows users to deposit Russian rubles on their balances using bank transfers.
According to Huobi Russia's CEO, Vladmir Demin, deposits will be processed through a bank in Uzbekistan where Huobi Russia's legal entity, HBRU CIS, has obtained a letter of approval from Uzbekistan's Justice Ministry. 👍
The letter of approval states that the ministry regards operations related with software, digital assets and IT-consulting as not banned by applicable laws.
In addition, the Russian branch is also launching its own platform for token listings, Huobi Russia Origin, which will have its own token for fees soon.
Way of the tiger 🐯
Microsoft, together with leading game developer Eidos and gamebook company Fabled Lands, are collaborating to create a blockchain card game based on a 1980s best-selling gamebook, "The Way of the Tiger." 🐯
The game will be titled "Arena of Death" and players will fight in fantasy-themed card battles that have features from the original gamebook series written by Jamie Thomson and Mark Smith.
Fabled Lands' Chief Executive Officer, Thomson decided to use blockchain technology because he thinks it better suits what he is trying to achieve as compared to a traditional video game. The firm plans to use non-fungible tokens (NFT) on the Vechain blockchain to ensure ownership of in-game assets, and allow creating cards and in-game products "without having to deal with all the crypto stuff."
Other news 📰
IBM has won a patent on 12 Nov for "Preventing anonymous theft by drones" using an Internet of Things (IoT) altimeter that activates upon liftoff. ✈️
From 2020 onwards, banks in Germany will be able to offer direct access to cryptocurrency assets under the new law implementing the 4th EU Money Laundering Directive. 💰
Cryptocurrency custodian Bakkt's chief executive, Kelly Loeffler, has purportedly been chosen by Governor Brian Kemp to fill Georgia's senate seat until the special election in 2020. 💺
A method of trial-and-error, in which automated software generates and tries a large number of possible combinations in order to crack a code or key.
Crypto calendar 📅
TBA - Justin Sun's lunch with Warren Buffett
What you said
"How much do you agree with this statement: "I really needed this Thanksgiving break.""
The average vote was 6.1. 27.8% of y'all voted a '10'! 💆
"What are you thankful for this year in crypto?"
Understanding how it is possible to grow – Great that you now recognize the potential! 👍
I’m thankful that we’re a year closer to adoption, I’m thankful for being able to buy little bits of bitcoin at a time, I’ve never had a savings!! I’m excited – That’s awesome! Good on you that you’re taking a conscientious step towards saving for your future. 😄
8 because I don't actually NEED a break, but taking one to visit and spend time with family and/or those we love is extremely important. – Truly. They more than deserve your time too. 😄
i am thankful to crypto to help me re-understand economy & financial system. also giving me full hold of a good portion of my assets.. wish happy times ahead to everyone.. – Same here. Crypto made me realize just how out unsustainable the current financial system has grown to become. 🤓
Monero.. The second coming of bitcoin! What we all thought we were getting when we bought Bitcoin’s… - There definitely has been increased talk on privacy… 😉
Progressively becoming easier to deposit GBP fiat to buy crypto. Less Bitcoin dominance More blockchain uses – Yeah, it’s great to see more fiat-to-crypto on ramps these days. Back then when I started, it was hella difficult to buy crypto. 😔
That Bitcoin didn't drop below 6000. – It might head down to test those levels soon tho.
The money I was able to invest for the future in a down market. – Ayeeee.
Thank you all for reading! Catch you back here again tomorrow for your daily dose of crypto news! 💙