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Daily Bitcoin and Crypto Analysis

This Week in Crypto...

November 21, 2020
Over the weekend… The Albany Airport in New York tested a blockchain-powered cleanliness app. The app, called “Wellness Trace App,” lets travelers check the cleanliness of objects in real-time before touching them.

Over the weekend…

The Albany Airport in New York tested a blockchain-powered cleanliness app. The app, called “Wellness Trace App,” lets travelers check the cleanliness of objects in real-time before touching them.

On Monday…

Former Goldman Sachs VP Anthony Scaramuccis’ investment firm SkyBridge is seeking to invest in cryptocurrency. They are waiting for SEC approval for a hedge fund that includes Bitcoin (BTC).

IBM announced it will develop a blockchain-based network with German textile manufacturer Kaya&Kato to facilitate sustainable fashion. The app will help customers and suppliers track the origin of fabrics, where they are processed, and how they are distributed.

On Tuesday…

An app used by Syrians to provide early warnings against airstrikes has switched from using the Ethereum (ETH) blockchain to Hedera Hashgraph. The developers said the change will allow input data to be more tamperproof and more quickly confirmed.

The Australian national representative for BitConnect has been charged for his involvement in the Ponzi scheme. An investigation by the Australian Securities and Investments Commission, or ASIC pointed to John Louis Anthony Bigatton making misleading statements, operating an unregistered managed investement scheme, and providing unlicenced financial services.

On Wednesday…

The acting Comptroller of the Currency Brian Brooks revealed a way for crypto companies to become federally chartered banks. President Trump said he would nominate Brooks for a five year term as Comptroller.

Hong Kong is tightening crypto regulations. The Hong Kong Securities and Futures Commission came out with a proposal that would require all crypto firms to fall under anti-money laundering regulations.

On Thursday…

Bitcoin (BTC) mining revenue hit a yearly high. Daily revenue reached $21.2 million. The previous peak was on May 6 at $20.6 million. Reminder that after the halving, revenue plummeted to $7 million per day.

Dell subsidiary VMware launched an enterprise-focused blockchain platform. VMware Blockchain was first tested by the Australian Stock Exchange and is intended to replace its current CHESS system.

On Friday…

The number of Ethereum (ETH) wallets with at least one ETH reached an all time high. This is expected to be a sign of great network development to come. Ethereum’s current price represents a two and a half year high.

The Bitcoin (BTC) price has officially doubled since the halving. Institutional investors have been accumulating BTC, leaving 3.4 million left for buyers.

For more information on these stories, visit:

Clean App: https://siliconangle.com/2020/11/13/ge-launches-blockchain-based-wellness-trace-app-protect-airport-visitors-covid-19/

SkyBridge: https://cointelegraph.com/news/another-mainstream-company-is-seeking-approval-to-invest-in-crypto

Fashion: https://newsroom.ibm.com/2020-11-16-KAYA-KATO-and-IBM-Pioneer-Blockchain-Network-to-Track-Sustainable-Clothing

Airstrike App: https://cointelegraph.com/news/hedera-hashgraph-to-be-used-for-crowdsourced-airstrike-warning-app-in-syria

BitConnect: https://cointelegraph.com/news/charged-aussie-bitconnect-promoter-faces-up-to-47-years-in-prison

Comptroller: https://cointelegraph.com/news/comptroller-reveals-path-for-crypto-companies-to-become-banks

Hong Kong: https://cointelegraph.com/news/world-s-dominant-crypto-futures-market-could-face-regulatory-shake-up

Mining: https://www.cointrust.com/bitcoin-news/bitcoin-mining-revenue-returns-to-pre-halving-levels-records-yearly-high

VMware: https://virtualizationreview.com/articles/2020/11/20/vmware-blockchain.aspx

ETH Wallet: https://www.ibtimes.com/ethereum-wallets-1-eth-hits-all-time-high-11-million-3086084

BTC Double: https://cointelegraph.com/news/bitcoin-price-doubles-since-the-halving-with-just-3-4m-bitcoin-left-for-buyers

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