Day: July 16, 2020

Bitcoin Price Must Now ‘Reclaim $9,400 Quick’ to Stop Bears — Trader

boss

Bitcoin (BTC) must reclaim $9,400 as soon as possible in order to change its bearish course, says Cointelegraph Markets analyst filbfilb. In an update on social media on July 16, the popular trader warned that the situation facing Bitcoin was fast becoming make or break. Filbfilb: BTC nearing end of the compression phase “BTC Bulls need to reclaim $9400 quick sharp,” he wrote in comments on a long-term price chart.  Attention focused on BTC/USD being stuck in a compression cycle which has lasted for multiple weeks. Compression refers to a…

Framework Ventures Leads $1 Million Seed Round for Teller — To Bring Your Credit Score to Blockchain – Blockchain News, Opinion, TV and Jobs

boss

Blockchain-fueled project for decentralized lending Teller is looking at a $1 million seed raise led by Framework Ventures, followed by Parafi Capital and Maven11 Capital. The funds will be utilised to build an algorithmic credit risk protocol for decentralized finance (DeFi). The protocol will be the first to bridge the traditional finance and DeFi worlds by aggregating data from legacy credit scoring systems, like Equifax, into decentralized lending markets. “Credit scores are the mainstay of the lending world, and interoperability with existing systems will allow us to iteratively phase-out centralized credit…

Bitcoin Price Below $9,100 Today, BTC Cannot Escape Downtrend

boss

On Thursday, July 16th, the quotations of the BTC renew local lows after another failure to overcome the resistance line of the descending channel. It seems that market participants regard the level of $9000 as the main support line and will test it. By Dmitriy Gurkovskiy, Chief Analyst at RoboForex. BTC/USD tech analysis Bitcoin price today after a “fraud” attack via Twitter Huobi Futures planning to start trading options for the Bitcoin On W1, not much has changed again. The cryptoasset keeps trading at the upper border of the descending channel.…

Chainlink Avoids Major Dump Following New Partnership Deals

boss

Chainlink plunged during the Thursday trading session in what appears to be a sell-off caused by profit-takers. The latest decline appeared as a part of a downside correction that started a day after Chainlink set an all-time high at $8.93. Meanwhile, favorable fundamentals in the form of new strategic partnerships kept the token above crucial support levels. Chainlink (Ticker: LINK) fell hard on Thursday, but it failed to convince traders about a full-fledged downside move. The eighth-largest cryptocurrency by market cap declined by more than 4.5 percent to $8.22 as…

First Mover: ‘Boring’ Bitcoin Shrugs Off Twitter Hack as Stablecoins Co-Opt Satoshi’s Dream

boss

In a paradoxical twist, bitcoin’s price, which is denominated in dollars, has become unusually stable in recent weeks, prompting some Twitter users to joke that it’s trading like a stablecoin. “It’s surprising to see bitcoin be so boring given everything happening both within and outside the crypto industry,” the digital-asset analysis firm Messari wrote in its daily email to subscribers.  You’re reading First Mover, CoinDesk’s daily markets newsletter. Assembled by the CoinDesk Markets Team, First Mover starts your day with the most up-to-date sentiment around crypto markets, which of course never close,…

New Trojan Attack Targets Mac Users to Steal Cryptocurrency

boss

A new trojan attack using malware called GMERA is targeting cryptocurrency traders who use trading applications on Apple’s macOS. The internet security company ESET found that the malware comes integrated into legitimate-looking cryptocurrency trading applications and tries to steal users’ crypto funds from their wallets. Researchers at another cybersecurity firm Trend Micro first discovered GMERA malware in September 2019, when it was posing as the Mac-specific stock investment application Stockfolio.  Copying the actual applications ESET found the malware operators have integrated GMERA to the original macOS cryptocurrency trading application Kattana.…

China Reports Over 3% Growth in Economy, Recovery from Coronavirus

boss

Following a 6.8% decline in the Q1 GDP, China has recorded a growth in its economy in the second quarter. The country’s economy is recovering from coronavirus. After suffering losses in the first quarter (Q1) of 2020, China has revealed that its economy grew by 3.2% in the second quarter (Q2). The pandemic, which began in China, affected the country’s economy, as well as that of other countries. The pause on economic activity, including the lockdown, caused China’s GDP to plunge by 6.8%. As normalcy returns and economic activity resumes,…

Blockchain-Based Fantasy Football Gaming Startup Sorare Raises $4 million in Seed Funding Round – Blockchain News, Opinion, TV and Jobs

boss

Fantasy football gaming startup Sorare has raised $4 million in a seed funding round with E.ventures leading the round, with participation from German professional footballer Andre Schurrle, Ledger co-founder Thomas France, and venture firms Partech, Fabric Venture, and Semantic Ventures. According to Sorare’s press release, the trading platform’s revenues have increased tenfold in the past six months, going from $ 30,000 in December 2019 to $ 350,000 in June 2020. The investment will allow the company to strengthen its team to respond to rapid growth. “We are excited to share…

Cardano Holders Disappointed Over Initial 4.6% Estimated Staking Rewards

boss

In the countdown to the Shelley mainnet launch at the end of this month, Cardano has released details of its staking reward system. The amount of staking reward is determined by several factors, such as the number of staking pools in operation, the saturation of a delegated pool, and block production efficiency. At present, all elements are undetermined. However, based on the default estimates of IOHK, users will receive 4.6% per annum. Rewards from the Incentivized Testnet (ITN) were between 6% – 8%, depending on individual testnet staking pools. As…

Justin Sun Offers $1M Bounty to Catch Hackers as Twitter Begins Post-Mortem

boss

Justin Sun, the BitTorrent CEO and TRON founder, has offered $1 million of his own money to support tracking the Twitter hackers down and bringing them to justice. Crypto Twitter – and indeed all of Twitter – is still reeling from a major hack of the microblogging platform that saw celeb accounts used to promote a scam bitcoin giveaway. Almost 13 BTC was amassed by the hackers by sending out messages promising to double the BTC of anyone who sent coins to their wallet. Over $120,000 was stolen before Twitter managed to…