A little known crypto focused asset manager has raised $100 million from just one investor for a new entity called NYDIG Digital Assets Fund II, LP.

The New York Digital Investment Group (NYDIG), came about in 2017 when founders of Stone Ridge Asset Management, which has some $10 billion in investable assets, were buying bitcoin at a significant rate.

So they launched their own solution for bitcoin and crypto investment, handling custody and all relevant aspects, with NYDIG raising some $50 million in October this year. Making it a partially owned subsidiary of Stone Ridge Asset Management.

Learn more about the news here.

The cryptocurrency market has not lost ground and many altcoins like, Bitcoin have been holding on to a higher value than a month back. Litecoin, the digital silver has also noted a significant rise in its value and was currently trading at $82.49. The price has been noting an upward push, but it could not be seen as a lasting trend in the long-term market.

Traders, be ready with your short positions.



According to the above chart, Litecoin’s price broke out of a descending channel and started to surge. Although the price was recovering from the fall noted within a descending channel, the price was prime to witness a fall given that the evident trend was a bearish one. It has been approaching resistance at $85 but has not been able to reach it yet.

Learn more about the analysis here.

Global crypto exchange Poloniex experienced an outage earlier today, and the exchange noted that their services were unavailable due to an ‘unexpected issue’.
The issue was later identified to have been caused due to a Distributed Denial-of-Service (DDoS) attack that began around 06:30 UTC.

Poloniex announced that customer funds were safe, followed by Justin Sun, one of the top investors in crypto exchange’s acquisition last year.

Global crypto exchange Poloniex experienced an outage earlier today, and the exchange noted that their services were unavailable due to an ‘unexpected issue’. The issue was later identified to have been caused due to a Distributed Denial-of-Service (DDoS) attack that began around 06:30 UTC.

Poloniex announced that customer funds were safe, followed by Justin Sun, one of the top investors in crypto exchange’s acquisition last year. According to statements from the exchange’s customer support, the cause of the issue was under investigation for several hours before the issue was identified and disclosed. During this period of maintenance, the exchange was in a post-only mode which meant that matching orders would be rejected.

Learn more about the news here.

SBI Holdings announced on Saturday Ogaki Kyoritsu Bank’s decision to connect to its next-generation financial infrastructure, MoneyTap. The Bank has been working towards its users’ convenience and has opened 24-hour stores, drive-through stores, and even mobile stores took the decision to allow user-oriented transactions.

SBI Holdings noted that the connection was a “multi-factor authentication of “ID/password (memory authentication) + SMS authentication to registered mobile terminals (possession authentication)” at the start of account linkage” and offered sufficient security. MoneyTap will allow the users of the bank to transfer money between individuals and will connect its system infrastructure to domestic and overseas financial institutions.

Learn more about the news here.

Ethereum dropped by almost 5% over the past 24 hours as it falls to $585. Against Bitcoin, ETH has been rangebound between 0.0318 BTC and 0.031 BTC in the first few days of December.

Key Support Levels: $585, $560, $550.
Key Resistance Levels: $600, $620, $650.

Yesterday, Ethereum moved higher to test the resistance at $620 (1.414 Fib Extension). This level had stalled the market during November and early December and is the next price point to break above to turn bullish again. It was unable to break $620 on the third attempt and fell lower today as it crashed beneath $600 to hit the $585 support.



Looking ahead, if the bulls can defend $585 and push higher, the first level of resistance lies at $600. This is followed by $620, $650, and $665. If the sellers break $585, support is expected at $560 (.236 Fib). This is followed by $550, $525 (.382 Fib), and $500. The 4HR RSI penetrated beneath the mid-line today, suggesting the sellers have taken control of the market momentum.

Learn more about the analysis here.

Bitcoin Cash, like EOS, has enjoyed a lousy YTD performance in the year 2020. In fact, BCH was up by only 33% at press time, while ADA was up 10x with respect to BCH. With a press time trading price of $294, BCH seemed to be showing a small promise that could be leveraged in the upcoming weeks.

Bitcoin Cash, still in the top 10 ranks, was doing well on the price charts, however. The opportunity for Bitcoin Cash can potentially push it up to $486, and perhaps, $500, a level not seen since June 2019.



Bitcoin Cash’s price seemed to have formed an arc pattern, one where the price started out by dropping, hitting a bottom, and then slowly surging higher on the charts. All along the way, there was an arc that was supporting the price from going any lower. The price has been in this formation for almost 2 years now. Since this is a long-term pattern, there will be variations like the surge from January to February 2020, followed by a complete retracement in March.

For now, considering the pre-bull market we are in, it seems like the price will hold above this arc and push higher. Hence, longing would be the best way to go about with BCH.

Note: This is not a financial advice or whatsoever, DYOR and validate it.

Learn more about the analysis here.

The recently forked BCHA chain is currently under attack by an anonymous miner that is attempting to force whatever is left of the chain into non-existence.

The anonymous miner, known as voluntarism.dev has changed the Coinbase rule so that all miners need to send 100% (instead of 8%) of the block rewards to the IFP address.

This is a soft fork and these blocks are considered valid by other miners since the ABC rule is that at least 8% needs to be donated but voluntarism.dev will orphan any block by miners running pure ABC (not sending 100%).

The notion seems to be that the ‘miner tax’ imposed here is unfair, and if BCHA wants to take 8% of the reward from the miners, why not just take it all entirely? Miners would essentially be forced into going bankrupt or to stop mining BCHA.

Learn more about the news here.