CryptoLandβ„’ Signal | Analysis | News
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Real-time crypto signals, analysis & news.
Data-driven insights for smarter trading.

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πŸ’  China has no plan to replace USD with digital yuan

πŸ–‡ A former PBoC official says that his country has taken a cautious approach with the digital yuan.

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πŸ’  Big name financial players continue buying into Bitcoin πŸ–‡ Smartest people in the playing in this crypto field are buying Bitcoin quietly and it’s not a FOMO thing. πŸ’Ž @CryptoLand_en 🌐 twitter.com/Cryptoland_EN
πŸ’  Institutional Investors are more fond of Bitcoin And Crypto Assets now

πŸ–‡ The institutional interest in Bitcoin and other cryptocurrencies continues. A recent report shows that they’ve bought $429 million in less than a week.

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πŸ’  Jim Cramer Doubles Down on Bitcoin

πŸ–‡ Cramer just recently announded that he has bought BTC at its current prices due to historical precedent, referencing how Bitcoin moves largely unpredictable but higher over longer periods of time.

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πŸ’  Privacy Wallets, better than mixers for BTC money laundering

πŸ–‡ Privacy wallets were used to launder the funds stolen from the hacks on Twitter and Kucoin as their role continues to grow among bad actors.

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πŸ’  Chinese State Media: Bitcoin Bull Market Could Put Pressure on Gold

πŸ–‡ An article that appeared on Chinese state media recently has proclaimed that a Bitcoin bull market could be bearish for gold and precious metals.

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πŸ’  What is the Lightening Network?

πŸ–‡ Lightning Network is a payment protocol that operates on the top of the Bitcoin network.
It’s a network of decentralized nodes that allows for sending a huge number of transactions exteremly fast and for a negligible feeand it also facilitates micropayments, making the existence of a completely new type of applications possible.

πŸ“ƒ Article Link πŸ‘‡πŸ»
https://finematics.com/lightning-network-explained/

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πŸ’  What is the Proof of Authority consensus?

πŸ–‡ The Proof of Authority is a consensus model which relies on a limited number of block validators. And this is what makes it a highly scalable system. Blocks and transactions are verified by pre-approved participants, who act as moderators of the system.

πŸ“ƒ Article Link πŸ‘‡πŸ»
https://academy.binance.com/en/articles/proof-of-authority-explained

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πŸ“‰ Current Cryptocurrency Market

πŸ”Ί 24-hours Average Market Changes and The Dominance of Cryptocurrencies

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πŸ”° Another big hack in DeFi

πŸ“ƒ The hack targeted $WNXM tokens and during the time, An attacker hacked the personal wallet of the founder of Nexus Mutual and withdrew $ 8 million worth of NXM.

πŸ“ˆ #Funda
πŸ—ž
#News

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πŸ’  Factors affecting the price of bitcoin this week

πŸ–‡ Bitcoin begins a new trading week within 5% of the mythical $20,000 price level. but can it get there this time?

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πŸ”° Big News coming from CEO of PayPal πŸ“ƒ He Says: "We're going to allow cryptocurrencies to be a Funding Source for any transaction happening on all 28 million of our merchants." πŸ“ˆ #Funda πŸ—ž #News πŸ’Ž @CryptoLand_en 🌐 twitter.com/Cryptoland_EN
πŸ’  PayPal stock has surged 17% since enabling Bitcoin purchases

πŸ–‡ After launching crypto trading for U.S. customers, PayPal’s stock reached record highs on Monday, capping off a strong period of outperformance relative to the Nasdaq and broader U.S. stock market.

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πŸ’  Founder of DeFi protocol Nexus Mutual gets hacked for $8M πŸ–‡ An unknown attacker stole $8 million from the personal wallet of Hugh Karp, the CEO of DeFi coverage platform Nexus Mutual ($WNXM) πŸ’Ž @CryptoLand_en 🌐 twitter.com/Cryptoland_EN
πŸ”° Nexus Mutual founder claimed that he has his hacker's IP.

πŸ“ƒ The founder of Nexus Mutual ($WNXM), who was previously announced to have been hacked, tweeted that the hacking operation was "definitely next level stuff", and promised a reward of $300K if the hacker returned the funds!
He also tweeted that finding the hacker's IP would not be so difficult.

πŸ“ˆ #Funda
πŸ—ž #News

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πŸ’  An Italian bank to debut crypto services next year

πŸ–‡ Banca Generali will introduce crypto to its customers in 2021 following a partnership with an Italian custody service provider.

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πŸ’  Bitcoin Stopped At $19,600 While Altcoins Fail to Break Out

πŸ–‡ Despite failing to break above $19,600, bitcoin has maintained above $19,000 while ETH and other alternative coins struggle.

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