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30 November 2020

BTC record in sight, ETH rallies, Uniswap disaster: Hodler’s Digest, Nov. 16–21

BTC record in sight, ETH rallies, Uniswap disaster: Hodler’s Digest, Nov. 16–21

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Coming every Sunday, Hodler’s Digest will help you track every single important news story that happened this week.

The best (and worst) quotes, adoption and regulation highlights, leading coins, predictions and much more — a week on Cointelegraph in one link.

Is… is this happening?!After encountering resistance at $18,420 (a price that was unthinkable even a few days ago), Bitcoin surged to new highs of $18,817.

Data suggests that searches for Bitcoin in November 2020 nowfar outpace what was seen in December 2017.

Glassnode reported that there wasa major spikein the number of new Bitcoin addresses on Nov.

OKEx has now revealed more details about what happened and stressed that the company has been cleared of any wrongdoing.

FormerGame of Thronesactress Maisie Williams certainly caused a scene this week when she asked her 2.7 million Twitter followers whether she should go long on Bitcoin.(46.6% said yes, 53.4% said no.).

Later in the week, the rapper Logic revealed thathe, too, had dived into Bitcoin.

At the end of the week, Bitcoin is at$18,675.88, Ether at$525.95 and XRP at$0.41.

Earlier this week, McGlone also said that a$1-trillion market cap (about$47,000 a coin) was “the next big resistance” for Bitcoin… as long as it could surmount the “primary hurdle” of reaching$20,000 first.“Mainstream adoption is rising,” he tweeted.

Fox Business also noted Bitcoin’s price rise with apparent alarm and set about warning its readers away from investing in the cryptocurrency.It rounded up Bitcoin haters including gold bug Peter Schiff, Roubini Macro Associates CEO Nouriel Roubini and Bridgewater Associates founder Ray Dalio.

However, there was some support for Bitcoin in the media from an unexpected party — China, a country well-known for its tight stance restricting the digital asset.The recent price rally even hit the national news, on state-run CCTV.

The exchange alleges that an article published under the title “Leaked ‘Tai Chi’ Document Reveals Binance’s Elaborate Scheme To Evade Bitcoin Regulators” was defamatory, false and misleading — and caused millions of dollars in losses.

While Forbes says it stands by its reporting, Binance is now demanding compensatory and punitive damages, and there’s no doubt that the company is getting serious.

The price of Bitcoin has stabilized above $18,000 and broken out of the critical $18,500 level

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