Bitcoin has reached the $16,000 mark – weekly digest

On the evening of November 5, bitcoin got as close as possible to the $16,000 mark, but could not overcome it. It can be assumed that this is a matter of time. Analysts suggest that this situation may indicate the beginning of a parabolic growth in 2021, by analogy with 2013 and 2017. In just a day, bitcoin has risen in price by $1,000.

Thanks to the rise in the price of bitcoin, the income of miners rose to the level of $20.89 million, which is the same as before the May halving.

Will cryptocurrency develop in 2021? Definitely yes! BTC will definitely be in the spotlight, the demand for bitcoins will grow in 2021, not more actively than at the end of 2020. Moreover, the infrastructure will adapt as much as possible to the development of military-technical cooperation. Bitcoin is also predicted to grow, which will be many times higher than the current one.

If 2021 is at least 0.25% as saturated with various events in the crypto industry, then it is already destined to be extremely important and exciting.

The largest altcoin began to fall in price and rushed down immediately after traders began to show some activity. One of the “whales” transferred 4000 coins to the Binance platform; this action did not go unnoticed of course. Starting from November 2, investors sent a total of 8170 ETH to the trading floors.

Literally at the end of last week, the cryptocurrency showed signs that it was about to be able to overcome the mark above $400, but ETH could not hold on to this position. One of the "whales" on Tuesday, November 3, made a lot of noise by selling 4,000 ETH. This operation took place on the Binance exchange. The capitalization of the altcoin over the past day has decreased by almost 6% to $42.5 billion.

The very first signals that something was wrong were filed last month. ETH miners one after another began to actively sell their coins, it was then that the negative trend became dominant.

In December of this year, PayPal will provide access to cryptocurrency services to users living throughout the United States. And at the beginning of 2021, these services will actively become available in other countries. In just a month, 28 million outlets that cooperate with the PayPal platform will enable their customers to use cryptocurrency to pay for goods and services.

The news has captured the interest of many existing users and is also fueling the interest of potential customers as PayPal promises to increase its weekly crypto purchase limit from $10,000 to $15,000.

Telegram was pulled to pay the costs. The company will have to pay legal fees in excess of half a million dollars, namely $625,000 to the American startup Lantah LLC.

Why and where did this amount come from? Telegram Messenger Inc. sued Lantah LLC for the possibility and right to use the GRAM trademark and ticker.

You are probably thinking what is so unusual about this news, some lost a tidy sum to others. The attorney's fee for Lantah LLC was based on a market rate of $600 per hour. Therefore, the attorney's fee alone was $618,240, and $6,760 in compensation directly to Lantah LLC. And the total amount to be paid was $625,000.

Italy also decided to stand out and show the world that it keeps abreast of progress. Today bitcoin can be bought in supermarkets in Italy. All this will be possible thanks to the Italian Young Platform, which allows you to buy crypto assets, including BTC.

“It’s easier and faster for many people to top up their account in a supermarket during shopping than to transfer funds via the Internet, especially when it comes to newcomers,” explained Andrea Ferpepo, CEO of Young Platform.