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

🖇 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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💠 What is the Lightening Network?

🖇 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.

📃 Article Link 👇🏻
https://finematics.com/lightning-network-explained/

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💠 What is the Proof of Authority consensus?

🖇 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.

📃 Article Link 👇🏻
https://academy.binance.com/en/articles/proof-of-authority-explained

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📉 Current Cryptocurrency Market

🔺 24-hours Average Market Changes and The Dominance of Cryptocurrencies

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🔰 Another big hack in DeFi

📃 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.

📈 #Funda
🗞 #News

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💠 Factors affecting the price of bitcoin this week

🖇 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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💠 PayPal stock has surged 17% since enabling Bitcoin purchases

🖇 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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💠 Senator-elect wants to spread Bitcoin awareness in the US government

🖇 Wyoming's new senator, Cynthia Lummis, plans to raise awareness of Bitcoin among U.S. government officaials.

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💠 Founder of DeFi protocol Nexus Mutual gets hacked for $8M

🖇 An unknown attacker stole $8 million from the personal wallet of Hugh Karp, the CEO of DeFi coverage platform Nexus Mutual ($WNXM)

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🔰 Nexus Mutual founder claimed that he has his hacker's IP.

📃 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.

📈 #Funda
🗞 #News

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💠 An Italian bank to debut crypto services next year

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

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💠 Analysts expect ETH to rise to $700

🖇 Analysts are optimistic that the cryptocurrency will continue its ascent in the days and weeks ahead as it holds key technical levels.

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

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

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💠 key Bitcoin factors to watch in 2021

🖇 Bitcoin price may have hit a multi-year high, but numerous fundamental factors signal that even better days are ahead.

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💠 Industry watchers have a bullish outlook for BTC

🖇 most industry watchers continue to have a bullish outlook in the near-term, much of it based in the continued institutional interest in acquiring long positions in the asset.

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💠 ETH price is ready to make a new 2020 high

🖇 Ethereum price is closing in on $600 and multiple metrics suggest the top altcoin is ready to notch a new 2020 high.

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💠 Bitcoin’s got a long way till $50K

🖇 A survey from Genesis Mining has found that most Bitcoin investors aren't expecting a $50,000 BTC price in 2030.

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💠 Swiss crypto bank Sygnum tokenizes it's shares

🖇 Sygnum, a major cryptocurrency bank in Switzerland, has successfully tokenized its shares on a blockchain in preparation for its upcoming public sale.

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💠 Uniswap tops $50B in lifetime volume

🖇 Leading Ethereum-based DEX Uniswap has now crossed the $50 billion mark in lifetime volume, although some are skeptical about the sources of the platform’s liquidity.

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💠 AAVE, YFI and Elrond surge as Bitcoin price breaks above $19,300

🖇 Bitcoin’s bullish move above $19,300 is pulling select altcoins closer to their key overhead resistance levels.

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💠 Pornhub: Now Accepting Crypto Only

🖇 After Visa and Mastercard gave it the boot, PornHub said today it was accepting crypto only for its premium service.

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