CMC Daily, Nov. 9: What's Next for Bitcoin?!
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CMC Daily, Nov. 9: What's Next for Bitcoin?!

2 years ago

Find out why breaking through $70,000 might be a little bit challenging. Plus, why are "hostage-style" videos about Bitcoin appearing on Instagram?

CMC Daily, Nov. 9: What's Next for Bitcoin?!

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Bitcoin Hits Record High! 💰🤗💰

It's HAPPENING people. Bitcoin broke through $67,000 late on Monday night. For a brief time, every single BTC owner was sitting on a profit. Wow. BTC later raced to $68,530, but has since pulled back by about $1,000. There are some challenges ahead. For bulls, the next priority will be tackling the stubborn "sell wall" that lies at $70,000. Here's the latest.

NYC Getting Its Own Coin! 🍎

New York City is about to get its very own cryptocurrency. CityCoins says it's planning to expand to the Big Apple after a successful rollout in Miami. Of course, this comes as Bitcoin-friendly Eric Adams prepares to become NYC's next mayor. NYCCoin will be powered by Stacks, a protocol that enables smart contracts on the Bitcoin network. How it works.

'Hostage-Style' BTC Vids on Instagram 🥺

Hackers are overtaking Instagram accounts — and forcing victims to film clips promoting get-rich-quick Bitcoin schemes. According to Motherboard, these "hostage videos" are then shared to their friends and family, meaning they risk losing money. The website spoke to two victims who are yet to regain access to their social media profiles. Find out more.

Robinhood Suffers BIG Data Breach 🚨

Millions of Robinhood customers have been affected by a data security incident. The trading platform said an "unauthorized third party" obtained the email addresses of five million people — and the full names of two million others. Meanwhile, 310 customers had "additional personal information" compromised. Are you one of those affected?

Mastercard Launching Crypto Cards 💳

Mastercard is launching a trio of crypto-linked payments cards in the Asia-Pacific. The cards will be issued by Thailand-based Amber Group and Bitkub, and CoinJar in Australia. The move will enable consumers and merchants to "instantly convert their cryptocurrencies into fiat currency, which can be septa everywhere Mastercard is accepted." Here's our article.

Is AMC Launching Its Own Cryptocurrency? 👀

AMC has revealed it is considering creating its very own cryptocurrency. The world's biggest movie theater chain has also entered into talks with Hollywood producers about creating non-fungible tokens related to major cinema releases. It comes as AMC prepares to start accepting BTC and ETH, and examines supporting DOGE and SHIB, too. Read more here.

BlockFi Files for Spot Bitcoin ETF 🚀

DeFi lender BlockFi has filed for permission to launch a physically backed Bitcoin ETF. It comes as the SEC prepares to issue its first ruling on one of these exchange-traded funds on Sunday. A number of analysts are predicting that VanEck's application won't be approved. For now, investors have to make do with ETFs that are backed by Bitcoin futures. The latest.
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