$300M Bitcoin Cash Deposited To Exchanges Ahead Of Fork – November 12

πŸ“ˆ 30 Second Cryptocurrency Price Summary

Current Bitcoin Price:Β $16,130

Bitcoin price has broken through 2-year highs once again, breaching the $16,000 mark to begin Thursday.

Top-20 altcoins have taken a back seat to Bitcoin, as Ethereum gains less than 2%, XRP rises less than 1%, and Monero falls almost 3%.

Top Stories for November 12, 2020 πŸ”₯

πŸ‘‰ $300M Bitcoin Cash Deposited To Exchanges Ahead Of Fork

1.5 million Bitcoin Cash (BCH) coins worth over $300 million have made their way onto exchanges, in anticipation of the November 15 hard-fork.

Bitcoin Cash is to undergo yet another hard fork due to tension within the community, and will split into Bitcoin Cash Node and Bitcoin ABC.

Futures contracts for each coin on CoinEX show that Bitcoin Cash Node is the preferred fork, currently trading for 0.96 BCH.

πŸ‘‰ Lending Initiative To Allow Borrowing Against ETH Staked On 2.0

Investment firm DARMA Capital has launched an initiative which will allow stakers of Ether on Ethereum 2.0 to borrow against their staked funds.

Currently, users staking the required 32 ETH in the Ethereum 2.0 deposit contract cannot move or otherwise use their staked funds.

The initiative, LiquidStake, will allow users to borrow a USDC loan against their staked Ether.

πŸ‘‰ Bitfinex Launches P2P Lending Platform

Cryptocurrency exchange Bitfinex has launched a peer-to-peer lending platform which will compete with decentralized finance lending platforms.

“Bitfinex Borrow” will enable users to take out USDT or USD loans against their Bitcoin or Ethereum holdings, choosing between a variable or fixed interest rate.