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The First-ever Online Awards Show, GLOBAL CRYPTO AWARDS is Here!

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Starting this year, the GLOBAL CRYPTO AWARDS seeks to highlight the incredible achievements of crypto and blockchain companies, individuals, groups, and other associated businesses, which changed the lives of billions through borderless transactions, bringing technology to the remotest place on the planet to make some difference and helping create an intermediary free lives, empowering those who are even deprived from getting local governmental support. The aim of the awards is to:

Encourage individuals, organizations, groups, businesses, and communities to continuously create better solutions to change the way world functions through decentralization and blockchain technology.

Recognize as role models the significant contribution individuals, businesses, organizations, and communities are making across the globe.

Acknowledge the hard work that individuals, businesses, organizations, and communities are putting.

Reward the valuable contributions that individuals, businesses, organizations, and communities are making throughout the globe.

Amid COVID19 health emergency, social distancing is the key to survival and that is the reason the very first edition of Global Crypto Awards is going to be 100% online affair. All the participants will be given an online platform to exhibit and nominate their selves for different award categories. Winner will be decided by Jury members and public voting. Whosoever wants to self-nominate for the award show will be welcomed and they will be given a platform to exhibit their product or services, voters and jury members will look into the merit of product and services based on certain parameters decide their vote.

There are mainly 5 categories for nominations, which are divided into different subcategories:

    • Top Awards
    • Best in ICO Category
    • Best in Blockchain
    • Best in Dapp
    • Best in Social Media

Kindly visit www.globalcryptoawards.com to know more about nomination categories, exhibition details, and participation fees. You may also write to [email protected] for any query related to nomination, sponsorship, or partnership.

Awards will be announced on December 25, 2020.

Source: https://www.cryptonewsz.com/the-first-ever-online-awards-show-global-crypto-awards-is-here/

Blockchain

Bitcoin Clears Crucial Resistance Levels; ETH Buyers Take Aim At $600

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The Bitcoin price started a fresh increase earlier today as the bulls aimed at reversing the recent selloff that sent the cryptocurrency as low as $16,219 before forming a support base. At the time of writing, BTC is trading up 2.2% at its current price of $18,092. 

                                       BTCUSD Chart By TradingView 

This price action represents a steady rise for the world’s leading cryptocurrency, which has managed to surmount the resistance at the $17.5k and $ 17,850 levels. The bears even put up a fight at $18,000, but the bulls prevailed in pushing BTC above this crucial level a few hours ago. 

BTC’s current show of strength has resulted in a notable upswing from where the coin has been trading throughout the past day, with bulls previously unable to break above $17K.

Unless Bitcoin faces a harsh rejection at the $18,250 resistance level, there’s a high probability that the flagship crypto-asset could see a further upside in the near-term.

Bitcoin’s Current Price Region is Critical for Future Outlook

As the weekly candle close approaches, many investors are trying to figure out how the world’s leading cryptocurrency will react to intense selling pressure over the next few days.

The direction in which the BTCUSD pair trends next will likely depend on whether bulls can maintain the ongoing uptrend. So far, BTC has surmounted several crucial resistances, and where the candle closes will largely set the tone for the days ahead and offer traders a better insight into its macro-outlook.

According to analyst Josh Rager, a clear weekly close above the resistance that sits right above where BTC is currently trading could give investors important insights into its near-term trend. 

He singled out the price region between $17,650 and $17,800 as a potential “sticky area” that could slow down Bitcoin’s ascent.

“Next sticky area is around $17,650 to $17,800 which was previous support prior to the breakdown. Reclaim there and I think that’s a nice start for the price as it should likely move to mid $18ks,” the analyst remarked

ETH Price Flashes Signs of Strength

ETH has been flashing signs of immense strength since this morning as it continues its uptick from recent lows of $490 set at the bottom of the recent selloff. The ardent defense of $500 by ETH bulls helped push the altcoin higher toward $550. 

The $500 level has now been confirmed as a strong support base that will likely bolster the upcoming week’s ETH price action.

At the time of writing, the ETHUSD pair changes hands at $555.19 and is primed to see further upside toward $600 so long as it consolidates above $550 in the coming sessions.

                           ETHUSD Chart By TradingView 

Source: https://thedailychain.com/bitcoin-clears-crucial-resistance-levels-eth-buyers-take-aim-at-600/

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New York Times reports on Racism Allegations at Coinbase

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2020 has turned out to be a tough year for popular cryptocurrency exchange Coinbase, as the company and its founder’s ‘apolitical’ culture stance, has left the company open to even accusations of racism. 

The crypto trading platform was recently the subject of a New York Times report, which highlights the various racial issues within the company, pointing towards several departures of Black employees and a consistently low percentage of Black hires.

Coinbase has denied the presence of such issues, and has even hired outside consultants and conducted internal investigations into these claims by current and former employees. The reviews were not able to confirm these allegations.

However, the company’s hiring record reveals that Black employees consistently comprise about three percent of its workforce. Depending on the field chosen in official employment statistics, this is anywhere from one-half to one-third of what’s the industry average. Corporate expansion also had no effect on this percentage.

The report noted that other tech companies, such as Square, PayPal and Twitter have worked at increasing the share of Black employees in their firms.

The report even cites a number of employees, with One Black employee stating that her manager suggested in front of other employees that she was dealing drugs and carrying a gun, based on racist stereotypes.

Another noted that a co-worker at a recruiting meeting openly described Black employees as less capable. While another employee said managers spoke down to her and her Black colleagues, adding that they were passed over for promotions in favor of less experienced white employees. These incidents altogether have led to the wave of departures at the company.

“Most people of color working in tech know that there’s a diversity problem,” said Ms. Butler, who resigned in April 2019. “But I’ve never experienced anything like Coinbase.”

The New York Times report continues that Black employees of the firm were hurt by the decision of the company’s leadership who did not address the matter. The employees had also organized a meeting with the executives, and CEO Brian Armstrong had said:

“There was this outpouring of, like, Why does the company not have my back?”

It all started back in September

It all originated from a blog post from the CEO that stated that Coinbase was ‘mission-focused’ and it suggested that activism was a distraction from that mission. The conversation went deeper for those at the company as a memo said those who wanted to maintain their activism would have to take a severance.

The New York Times report particularly highlights one line in this company blog post. “We don’t engage here when issues are unrelated to our core mission.” According to the report, the post with this line outraged the employees.

Source: https://thedailychain.com/new-york-times-reports-on-racism-allegations-at-coinbase/

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Revain source of reviews

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With so many choices available, making the right financial decisions is more important than ever. And there is no better source of knowledge than the experience of others. But where do you find reliable sources?
This is where Revain comes in. The blockchain-based review platform provides users and companies with access to honest and objective feedback from skilled reviewers.
Revain became a go-to source of information for the crypto community by making unique decisions in tech and organization.
Blockchain is the foundation of the service that guarantees full transparency. All reviews are stored on-chain, so no one can ever delete or censor them. Anyone can check the list of transactions and see the full picture at any time.
Artificial Intelligence sustains the high quality of the reviews. Its evaluations are based on various precise parameters. Biased and uninformative reviews are filtered out, while useful and insightful ones are made eligible for rewards.
The rewards system encourages reviewers to provide more feedback. Authors are rewarded with RVN — tokens with the stable value that exists only inside the Revain platform.
Finally, there are Experts — the most tested authors who have special status and earn more rewards. The status is granted to authors who demonstrate a consistently high quality.
Revain is already integrated with projects such as Nominex, Kucoin, Hyperion, and many more. The Revain Widget Partner Program rewards the adoption of Revain Widget and promotes honest and transparent reviews.
Revain is introducing new features and aims to expand its service by including banking and fintech services.

 

Rinat Arslanov has been the Co-Founder and CEO of Revain since its inception. He describes his passion for Revain as a life project for him. He is currently doing his Ph.D. from Plekhanov Russian University of Economics and is expected to complete his doctorate in 2022.

 

 

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Whales Flood Exchanges With Bitcoin, Take Over $15 Billion In Profits

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At the time of writing, BTC is trading up about 5.7% at its current price of $17,742, marking a sharp decline from its recent highs near $19,500 seen on Wednesday.

                                 BTCUSD Chart By TradingView 

After failing to set a new all-time high by just a few hundred dollars, BTC retracted as low as $16,300 in yesterday’s trading. Investors had anticipated that the BTCUSD pair would soon surge higher and break the Dec 2017 crypto bubble record.

Indeed, a new price record was so close that the bulls could taste the victory, but the milestone was halted in its tracks by massive whales who flooded centralized crypto exchanges with massive amounts of coins to be dumped.

What Could Be Driving the Current Bitcoin Sell-Off?

The recent rejection just below the all-time highs was certainly a contributing factor to the ongoing signs of weakness in the BTC price, but other factors could have been at play.

For one, recent comments from the U.S. Treasury Secretary on a potential wave of regulations stringent crypto market regulations by late-January could have reduced investor confidence in BTC.

OKEx could also have contributed to the current BTC selloff, causing prices to tank. The top exchange resumed crypto withdraws for users who previously had their Bitcoin locked on the platform for about five weeks.

Since the reopening that took place on Nov. 26, a total of 212,000 BTC left the exchange, according to crypto analytics firm Crypto Quant.

The massive outflow of coins from OKEx coincided closely with the plunge in BTC prices by over $3,000 on Thursday. 

It is likely that investors who had been denied access to their holdings for well over a month, which saw the peak of the recent rally, may have taken the opportunity to take profits off the table.

Whales Moved and Sold Over 93K BTC

Selling pressure in the Bitcoin market has mounted significantly over the past few days, with analysts predicting that it may continue hampering BTC’s price action in the days and weeks ahead.

Since the peak near $19,500, whales began moving BTC en masse to centralized crypto exchanges and have so far taken $1.5 billion in profit even at an average sell price of $17K per coin.

While sharing the chart below, on-chain analytics firm intoTheBlock highlighted this massive inflow volume into exchanges and subsequent BTC price drop in a Nov 27 tweet

“This drop started as soon as whales began to deposit BTC to exchanges. More than 93 thousand Bitcoin’s were deposited into centralized exchanges.”

                    BTC Inflows Into Exchanges | Chart by IntoTheBlock.

Source: https://thedailychain.com/whales-flood-exchanges-with-bitcoin-take-over-15-billion-in-profits/

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