Altcoins Bleed During Last Night’s Bitcoin Pump, But Dominance Downtrend Remains Intact

Last night, Bitcoin price exploded above $10,000 in an over $600 and a 6% price increase during an epic one-hour candle. During this surge, altcoins were decimated in a flash but failed to cause the current BTC dominance downtrend to come to an end. Bitcoin Price Blasts Above $10,000 Causing Altcoins To Bleed Out Right ahead of the daily candle close, Bitcoin price made a successful attempt to break up through resistance at $10,000 and is currently holding above the Read more …

Bitcoin Price Flash Crashes $600 In Less Than 5 Minutes, Last Night’s Rally Erased

In a shocking move, Bitcoin price just plummeted by over $600 in less than five minutes of price action. The surprise move has now erased the entire rally last night that took Bitcoin above the key level of $10,000, which it has yet again failed to hold. Bitcoin Price Fails To Hold $10,000 Yet Again Bitcoin price just fell over $600 in mere minutes, liquidating overleveraged long traders and quickly putting a stop to any hopes of a breakout in Read more …

Chainlink Price Prediction and Analysis in June 2020

Advertisment We will be taking into account historical price trends, developments, and market opinions for LINK so that we can create a Chainlink price prediction for June 2020. Chainlink Overview Chainlink is an oracle network that intends to link smart contracts with real-world data. LINK, the cryptocurrency of the network, is used as payment for node operators and to effectuate transactions. You want the latest news about Crypto? Then follow us on Google News! LINK is currently ranked in 14th Read more …

US Investors in Tezos’ 2017 ICO May Be Eligible for $25M Settlement

Investors who participated in Tezos’ (XTZ) initial coin offering (ICO) between July 1, 2017, and July 13, 2017, have been notified that they may be eligible for a share of the $25 million settlement proposed settlement to an ongoing class-action lawsuit alleging securities violations. What may comprise the case’s final Settlement Hearing is set to take place on August 27 to determine whether the settlement and proposed plan of allocation will be approved as “fair and reasonable,” and whether attorney’s Read more …

Brave Celebrates 5th Anniversary with 15M Active Monthly Users 

Brave, a privacy-focused web browser, is celebrating its 5th anniversary with over 15 million active monthly users. The company shared some of the important milestones it achieved over the past year, which include a 50% growth in the number of overall users since November 2019, and a 255% increase in ad campaigns reported in October 2019. Brave Passes 15 Million Monthly Active Users and 5 Million Daily Active Users Brave Browser is celebrating its 5th anniversary today with a look Read more …

Bitcoin Surpassed the Stubborn $10000 Resistance, More Gains to Come?

Advertisment After a long wait, Bitcoin has finally reclaimed its $10000 price, starting the month on a positive note for investors. This Monday, June 01, 2020, Bitcoin broke past $10000, reaching a price of $10,167, after a week of trading sideways in the $9,000 range. This represented a hike of 7.43 percent in 24 hours, or $703, from May 31st prices. It was also the highest closing price recorded in the last hundred and seven days. You want the latest Read more …

Hackers Move Another $800K in BTC Stolen From the 2016 Bitfinex Breach

Advertisment Another $800,000 worth of bitcoin from the Bitfinex hack of four years ago has been moved to an unknown wallet. Whale Alert reports that hackers transferred 77.64 bitcoin (BTC) on Tuesday, which amounts to $797,000 at the time the alert was issued. You want the latest news about Crypto? Then follow us on Google News! The thieves last moved about $255,000 or 28.4 BTC on May 22, in deals that appear timed to coincide with every spike in the Read more …

A16z Expects More Libra-Like Projects While Money Goes Digital in 10 Years

Andreessen Horowitz, or a16z, expects more Libra competitors to enter the space, seeing “an opportunity for a new financial network.” As the venture firm’s general partner Katie Haun told Bloomberg in an interview published June 1, a16z expects money to become largely digital in 10 years, akin to music, books and other things that have moved online. Haun clarified that platforms like Venmo and PayPal are not a necessarily accurate example of digital money, since they rely on traditional banks’ Read more …

‘Exponential’ Volume Growth Can See Bitcoin Match Major Assets — Report

“All facets” of Bitcoin (BTC) trading volume are growing exponentially and can easily match major asset classes, says a new report. Released on Tuesday, Coin Metrics’s “State of the Network” casts the spotlight on Bitcoin trading, producing some surprising figures as BTC/USD passes $10,000. BTC volume growth “exponential” across the board Measuring volume is difficult with the largest cryptocurrency, Coin Metrics says, given the many types of exchange and associated platforms in the space. “The fragmentation of trading volume in the Read more …

Fireblocks Launches Network for Institutions to Transfer Assets

Institutional digital asset security specialist Fireblocks launched its Asset Transfer Network on June 2. The open network enables institutions to securely find and connect with their peers, to transfer assets on-chain while streamlining settlement and post-trade operations. Over 55 institutions and 26 exchanges are active on the network at launch, including liquidity providers, exchanges, brokers, market makers and custodians. More of the same, but better For over a year now, Fireblocks has been employing multi-party computation or MPC technology in Read more …

Macro Fund Containing Bitcoin, Ethereum Posts 29.67% Mid-Q2 Gains

A macro fund with moderate exposure in Bitcoin and Ethereum markets has yielded 29.67 percent gains in mid-Q2. The so-called “cryptocurrency basket” in the Albright Investment Group’s portfolio performed better than stocks, ETFs, gold, and silver. Co-founder Victor Dergunov, meanwhile, noted that there might be pullbacks ahead. Bitcoin and Ethereum emerged as star performers in Albright Investment Group’s flagship macro fund. Its co-founder Victor Dergunov revealed in an investor note that their “cryptocurrency basket” returned 55.43 percent yields in mid-Q2. Read more …

Elrond Invites Hackers to Stress Test Its Blockchain Network

Blockchain firm Elrond has invited hackers to attack its network during the upcoming incentivized stress test. According to an announcement on June 2, the upcoming Elrond incentivized stress test will include a variety of different attacks on the network. Elrond CEO Beniamin Mincu explained to Cointelegraph: “Anything that takes the network down is allowed, as long as it’s not breaking the law or social privacy of participants. So DDoS-ing, hijacking rewards, stealing coins, double spending, minting new coins & other Read more …