COINFEED HEADLINES OF THE DAY
Bitcoin had a little fun over the weekend, jumping around before coming right back to $6400.
Movers and Shakers
Winners: Insight Chain leads the way with 9% gains and $20 million dollars worth of daily volume supporting that move. Stellar continues its stellar climb through the weekend with 4% gains in the last 24 hours. Coinfeed member @solidfaiz was pretty happy about that.
Losers: Basic Attention Token continues its descent losing 6% after listing on Coinbase and Circle. Bitcoin Cash also tanks by 6% ahead of the fork on November 15th. More on that later.
Network value drops to $212 billion dollars with a slight drop in volume to match.
And now the headlines of the day.
Square reports that 10% of its revenue came from Bitcoin transactions despite crypto only making up 5% of its transaction volume.
Binance Goes Institutional
Binance announced targeting institutional traders with corporate accounts and high volume trade offerings.
Bitcoin Cash ABC vs Bitcoin SV
And now what everyone’s talking about. The Bitcoin Cash fork. We first made mention of the Bitcoin Cash fork on our episode on November 5th. Here’s what you need to know. Two chains will emerge: Bitcoin Cash ABC and Bitcoin SV or ‘Satoshi Vision’. Companies such as Bitmex, Coinbase, Bitpay have announced that they will only support the Bitcoin Cash ABC variant. If you want to know more, Coinfeed member @TheWolfofBitcoins has a pretty good episode posted on Coinfeed that goes into more detail. Find him and other content creators in our community app.
I'm Coinfeed TV. This is not your daddy's Bloomberg. We tell it like it is and we may hurt your feelings. But we do it because cause we love you. Now bring it in.
This show is slightly advanced. If you're just getting into crypto much of this will go over your head. But that's okay, we have a home for you too. Download the Coinfeed app and say hello. Someone there would be happy to help you.
We'll use this show to discuss cryptocurrencies (or as we prefer to call them: cryptoassets) such as Bitcoin. We'll also cover some alt coins from time to time. We likely won't mention any assets that have low liquidity since those assets are more prone to manipulation. Coins in our system include: Ethereum ETH, NEO, GAS, Litecoin LTC, Ripple XRP, Dogecoin, Pied Piper Coin PPI, Tether USDT, Stellar XLM, Nem XEM, Binance BNB, Kucoin KCS, ZCash ZEC, Monero XMR, Cardano ADA, Nano
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