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The food ordering online giant Just Eat now accepts crypto across 15,000 restaurants in France – a report by Saumil Kohli.

The online food ordering giant Just Eat has begun accepting cryptocurrencies for over 15,000 restaurants in France. The Just Eat group presently operates in 13 countries. Its website for France has recently undergone a significant makeover after the Just Eat Plc’s acquisition by Takeaway.com. The latter has been accepting bitcoin for quite some time. The Just Eat […]

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The online food ordering giant Just Eat has begun accepting cryptocurrencies for over 15,000 restaurants in France. The Just Eat group presently operates in 13 countries. Its website for France has recently undergone a significant makeover after the Just Eat Plc’s acquisition by Takeaway.com. The latter has been accepting bitcoin for quite some time. The Just Eat website for France has now expanded the payment methods to cryptocurrencies as well. Crypto adoption has increased significantly worldwide among the ongoing global pandemic. 

 

Just Eat expands payment methods to bitcoin, Apple Pay, and Google Pay. 

The Just Eat website for France details that the payment methods have been expanded with the site makeover. It now includes Apple Pay, Google Pay (via the Just Eat app), and bitcoin and other payment methods if offered by restaurants (credit card, Paypal, cash, checks, or meal vouchers). To pay with bitcoin or other supported cryptocurrencies, a user has to choose the “Bitcoin” option when placing the order. After clicking “order,” the user will be transferred to the Bitpay website to choose from a long list of wallets and exchanges, reported Saumil Kohli. 

Just Eat in France also supports several other cryptocurrencies. 

A user on Just Eat can also choose from a number of cryptocurrencies supported by Bitpay: BTC, BCH, ETH, GUSD, USDC, PAX, BUSD, and XRP. After a user has chosen the wallet or exchange, he will be prompted to pick the cryptocurrency of his choice to pay by scanning a QR code. When the user successfully completes the payment, he is redirected back to the Just Eat website. The website does not charge any fees for bitcoin payments. The Just Eat group was founded in 2001, and it has over 240,000 restaurant partners, according to the company’s December 2019 presentation. The company operates in the U.K., Australia, New Zealand, Canada, Denmark, France, Italy, Ireland, Norway, Spain, and several other countries. 

Source: https://coinnounce.com/just-eat-in-france-accepts-crypto-across-15000-restaurants/

Blockchain

IDEX Announces Multi-Chain Solution and Expands to Polkadot and Binance Smart Chain

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The popular decentralized cryptocurrency exchange (DEX), IDEX, has announced a multi-chain solution that is intended to expand its entire infrastructure to additional blockchains, namely, Polkadot and Binance Smart Chain.

IDEX Expands to Binance Smart Chain and Polkadot

In a press release shared with CryptoPotato, IDEX has revealed its multi-chain solution. Called Multiverse, it’s intended to expand the DEX’s infrastructure, including its layer-2 scaling and staking solutions to additional blockchains.

Its first implementation is going to be deployed on Polkadot’s layer 0 and Binance Smart Chain’s layer 1. This will enable the trade of digital assets on each of the platforms. In addition, IDEX token holders will also benefit from staking options starting from November 23rd.

It’s important to note that Polkadot will be used as layer 0. This means that IDEX will use a parachain of Polkadot in order to tap into its ecosystem. An example of this is Moonbeam. Speaking on the matter was IDEX co-founder and CEO Alex Wearn, who said:

In the past year, we’ve seen several new smart contract platforms emerge, each with a unique set of capabilities and assets. As these platforms grow, we’ll see increased demand for trading these assets and a need for non-custodial trading solutions that support these networks.

Attempts of Further Growth

It goes without saying that both Binance Smart Chain and Polkadot have gained serious popularity, offering an alternative to Ethereum’s network, which was troubled with congestion and high fees as the DeFi boom was at its peak.

IDEX hopes to bring its technology to emerging smart contract platforms. Through its Multiverse, the decentralized exchange aims to become a one-stop app for trading crypto assets on a range of different blockchains through a unified and secure platform.

All of its infrastructure, including its layer-2 system, will be further deployed on each layer-1 network. Independent assets will be issued on every new chain to support IDEX’s new layer2 economic model.

With this in mind, the first multi-chain IDEX tokens that are designated for Binance Smart Chain and Polkadot are IDXB and IDXP, respectively.

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Source: https://cryptopotato.com/idex-announces-multi-chain-solution-and-expands-to-polkadot-and-binance-smart-chain/

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Blockchain

Analysts Eye New Top of $74,000 as Bitcoin Comes Within 3% of ATH

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In a move adding to the already monumental rally, Bitcoin prices touched $19,400 during late trading on Tuesday, November 24. This is just 3% away from its peak of $20K which came in December almost three years ago.

Since then, the asset has retreated sharply in a $700 pullback to the mid-$18K level where it currently trades. With momentum still in its favor, analysts and traders are eyeing the next possible peak.

CNBC Touts $74K Bitcoin

During the 2017/2018 rally, mainstream media outlets were renowned for spreading fear, uncertainty, and doubt (FUD) over something they really failed to truly comprehend. CNBC in particular came to be known as a counter trade signal as whenever the news outlet predicted a pump, BTC would dump and vice versa.

In its latest edition of Trading Nation, the channel interviewed a couple of traders who both had very positive things to say about the king of crypto.

Founder of TradingAnalysis.com, Todd Gordon, used Elliot Wave theory to measure herd mentality and market sentiment. He added that the fifth wave is just starting now which will result in a new all-time high in 2021. When asked about a price prediction he added;

“I can’t believe I’m going to go out on CNBC and say this, but it’s about $74,000. The Elliott wave goes very well with … Fibonacci multiples. If it does want to fall short, it can go to 61% of that target, which is only at $34,000.”

PayPal Driving Adoption

Mark Tepper, president and CEO of Strategic Wealth Partners, also commented on the trading show stating that before PayPal and other large corporations stepped in he treated Bitcoin like any other speculative investment, owning a small enough amount.

“The thing that’s always held me back from being an outright bitcoin bull has really been this lack of widespread adoption. But … adoption’s happening and those users, those PayPal and Square users, they’re buying more bitcoin than what’s actually hitting the market on a daily basis,”

He added that Bitcoin could be the Tesla of 2021, stating that it could possibly reach $100K by the end of next year. That certainly fits in with other models and predictions such as stock-to-flow which also predicts triple figures within the next year or so.

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Source: https://cryptopotato.com/analysts-eye-new-top-of-74000-as-bitcoin-comes-within-3-of-ath/

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TA: Ethereum Weakens Below $600: Why 100 SMA Could Trigger Fresh Increase

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Ethereum started a downside correction from the $620 zone against the US Dollar. ETH price is now trading near a major support at $580 and the 100 hourly SMA

  • Ethereum started a downside correction after it failed to clear the $620 and $625 resistance levels.
  • The price traded below the $600 support, but it is still above the 100 hourly simple moving average.
  • There is a key declining channel forming with resistance near $600 on the hourly chart of ETH/USD (data feed via Kraken).
  • The pair could either climb above $600 or extend its decline towards the $550 support level.

Ethereum Price Corrects Lower

There were two attempts by Ethereum to surpass the $620 resistance level, but it failed. As a result, there was a bearish reaction and the price broke the $612 and $600 support levels.

The decline gained pace below the $600 support level and the price even broke the $585 level. Ether found support near the $580 level (the last key breakout zone) and it is still well above the 100 hourly simple moving average.

The price is currently consolidating losses above the $580 support. It is testing the 23.6% Fib retracement level of the recent decline from the $612 swing high to $580 swing low.

Ethereum Price

Source: ETHUSD on TradingView.com

On the upside, there is a major resistance forming near the $600 level. There is also a key declining channel forming with resistance near $600 on the hourly chart of ETH/USD. The channel resistance coincides with the 50% Fib retracement level of the recent decline from the $612 swing high to $580 swing low.

A successful break above the channel resistance could start a fresh increase above $605. The next major resistance is near $612, above which ether is likely to revisit the $620 resistance zone.

More Losses in ETH?

If ethereum fails to break the $600 resistance level, there could be more losses. The first major support is near the $580 level, below which the price could test the 100 hourly simple moving average at $570.

A clear break below the 100 hourly simple moving average may perhaps spark a larger downside correction below $565. The next major support could possibly be near the $550 level.

Technical Indicators

Hourly MACDThe MACD for ETH/USD is slowly gaining momentum in the bearish zone.

Hourly RSIThe RSI for ETH/USD is now well below the 50 level.

Major Support Level – $580

Major Resistance Level – $600

Source: https://www.newsbtc.com/analysis/eth/ethereum-weakens-below-600/

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