Market Wrap: Bitcoin Sticks Around $9,200 as Traders Eye Other Markets for Action

Traders look towards altcoins and equities as volatility dips in a quiet July bitcoin market. Bitcoin (BTC) trading around $9,185 as of 20:00 UTC (4 p.m. ET). Slipping 1% over the previous 24 hours. Bitcoin’s 24-hour range: $9,153-$9,279 BTC below 10-day and 50-day moving average, a bearish signal for market technicians. Bitcoin trading on Coinbase since July 14.Source: TradingView Traders seem to pine for the bitcoin volatility that was once the norm – and they expect it to return after what has been a lull. “Trading bitcoins is about as exciting…

Twitter Accounts of Elon Musk, Coinbase, Others Push Bitcoin Scam in Apparent Hack

Minutes ago, the Twitter account of Tesla CEO Elon Musk sent out a suspicious message involving Bitcoin. The message read: “I’m feeling generous because of COVID-19. I’ll double any BTC payment sent to my BTC address for the next hour…” Attached was a Segwit Bitcoin address. The message garnered thousands of likes and retweets in the few minutes it was up. Shortly after it was published, the tweet was deleted, with Elon Musk or Twitter admins seemingly regaining authority of the account and deleting the message. But it quickly became…

Time To Pay Attention: Famed Bollinger Band Creator Comments On Bitcoin

With Bitcoin trading sideways for so long and volatility dropping to such uncharacteristic lows, crypto analysts are watching the Bollinger Bands closely. Even the tools creator has since spoken out about the current price action in BTCUSD. In the past, when he speaks, a major move often follows. Is it once again time to pay attention to Bitcoin? Bitcoin Holds Nine Consecutive Days Above Middle-BB, Bollinger Bands Continue To Contract The first-ever cryptocurrency has spent the last over 75 days consolidating below its most important resistance level ever. Bitcoin and…

A Coordinated Twitter Hack is Targeting Coinbase, Kucoin, Binance, Gemini, and more

A tweet from Binance CEO Changpeng Zhao, also known as CZ, suggests that shady activity is happening over on Binance’s Twitter account. Similar nefarious tweets have popped up on the accounts of Gemini, Coinbase, CoinDesk, Kucoin, @Bitcoin, and numerous other companies. Individuals such as Justin Sun, Charlie Lee, King Cobie, AngeloBTC and others have also been targeted. Each tweet involves a scam Bitcoin (BTC) giveaway or trap.  CZ rang the alarm “Do not click on this link,” CZ tweeted on July 15 from his personal media page, providing a link to…

3 Key On-Chain Metrics May Explain Chainlink’s Meteoric Rise

The price of Chainlink’s LINK token has increased 480% since the beginning of 2020/ These three key metrics may explain its rise. LINK price 2020. Source: Nomics. Is it another pump? Chainlink has been in the news a lot over the past several months with a number of partnerships and integrations. However, whenever a cryptocurrency or a token experiences rapid appreciation, the crypto community begins to speculate about the underlying causes. Typically, the most popular explanation is that the company behind the asset must be “pumping” it. We decided to…

PBoC Starts Testing Digital Yuan on Food Delivery Patform

PBoC confirmed it will be testing a mobile application for storing and exchanging the digital yuan, after screenshots circulated on social media. Internal tests will be done in Shenzhen, Suzhou, Xiong’An, and Chengdu The People’s Bank of China (PBoC) said it is intending to add the Tencent-backed food delivery giant Meituan Dianping to its list of platforms that will begin testing the use of digital yuan in the real world. Meituan Dianping is a Beijing-based food delivery platform that right now has more than 435 million active users and billions…

Ripple’s XRP Designed to Hit $10,000, Predicts Legendary Blackjack Pro

Blackjack pro Steve Wynn predicts that the XRP design and increased adoption will push the coin’s price to $10,000, though some analysts make bearish comments. Steve Wynn, a real estate businessman and a successful gambler, has revealed that the XRP design supports a $10,000 value. The legendary Blackjack pro let out his thoughts on XRP during a recent interview with Forbes contributor John Navin. Comparing XRP with other cryptocurrencies, Steve said XRP is poised to take over all retail transactions and SWIFT international money transfers. He explained that unlike other…

Chinese Energy Supplier Deploys Blockchain Node in State-Run Network

An energy supplier in China has successfully deployed its first blockchain node. This node went live through the government-backed network, the State Grid Corporation of China. According to The Paper, Gansu province becomes the second provincial power company outside the State Grid Ningxia Power Company to connect to the state-run Energy Zone Blockchain public service platform. The deployment of the blockchain node in the province is part of the Party Central Committee’s initiative to strengthen the research and application of blockchain technology. Providing fairness and transparency The announcement says that…