Day: December 3, 2020

Chainlink (LINK) is About to See “Liftoff” if It’s Able to Hold $13

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Chainlink (LINK) is showing positive signs above the $13.00 support, similar to bitcoin. The price is likely to accelerate towards $15.00 or higher in the near term. Chainlink token price is trading nicely above the $13.00 level against the US dollar. The price is now facing hurdles near $14.00 and the 100 simple moving average (4-hours). There is a major rising channel forming with support near $13.50 on the 4-hours chart of the LINK/USD pair (data source from Kraken). The price is likely to continue higher above the $14.50 and…

Futures Rise

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The Australian Senate just voted to kill the $10,000 ‘cash ban’ bill

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A bill proposed by Australian lawmakers to ban the use of cash for transactions over $10,000 has been killed by a unanimous Senate vote.  One Nation Senator Malcolm Roberts brought the motion to remove the bill today after more than a year of trenchant opposition to it from a cross section of the community, including cryptocurrency proponents. Many saw it as infringing on Australians’ rights and freedom to use cash and to protect the privacy of their transactions. Early drafts of the bill included digital currencies as subject to the…

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CipherTrace warns of surge in funds lost to MetaMask phishers

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Cyber Security firm CipherTrace has issued a warning after noting a surge in reports over the past 24 hours of users funds being stolen by a malicious Chrome browser extension posing as popular crypto wallet MetaMask. The warning was issued under the headline “ALERT: Malicious Crypto Browser Extension—Masked MetaMask” and reported the company had seen “an uptick of alerts and comments within the online cryptocurrency community of users’ funds being stolen.” In response to online criticism that MetaMask is not doing enough to steer its users away from potentially harmful…

Ethereum Approaches Key Breakout, Why $600 Holds The Key

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Ethereum found support above $580 and corrected higher against the US Dollar. ETH price is facing a strong resistance near the $600 and $602 levels. Ethereum started a decent recovery wave above the $585 and $590 levels. The price is approaching the $600 barrier and it is above the 100 hourly simple moving average. There is a key contracting triangle forming with resistance near $600 on the hourly chart of ETH/USD (data feed via Kraken). The pair could gain bullish momentum if there is a clear close above the $600…

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Joseph Lubin says insiders are ‘very optimistic’ about how fast Eth2 will unfold

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Speaking during the Ethereum in the Enterprise — Asia Pacific 2020 conference on Dec. 3, ConsenSys founder and Ethereum contributor, Joseph Lubin, predicted that Eth2 will devour Ethereum in “the not too distant future.” “People in the know around the ecosystem are very optimistic about how fast things could unfold as the really complicated work has been done in launching Phase 0,” he said. While the Eth2 roll-out was believed to be occurring in strictly regimented ‘phases,’ Lubin emphasized that the other aspects of Eth2’s roll-out are “proceeding in parallel”…

Why Bitcoin Must Clear $19.3K To Start A Fresh Rally Towards $20K

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Bitcoin price remained in a range above the $18,500 support against the US Dollar. BTC is trading above $19,000 and it could start a strong surge if there is a clear break above $19.3K Bitcoin is currently holding the $18,800 and $19,000 support levels. The price is facing a major resistance near $19,300, but it is above the 100 hourly simple moving average. There is a major contracting triangle forming with resistance near $19,300 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could start…

Kevin O’Leary: “I Would Put up to 20% of my Portfolio [in Bitcoin]” if Governments Agree to It

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In a Podcast interview with Anthony Pompliano, Shark Tank’s Kevin O’Leary stated that he was “not against Bitcoin” and might actually buy more of it. In fact, he went as far as to say that he’d pour 20% of his portfolio on Bitcoin if regulators backed it. Kevin O’Leary Already Owned Some Bitcoin In the Pomp Podcast episode, O’Leary seemed to be walking away from his earlier controversial statements last May 2019 when he stated that Bitcoin was “not a real currency” — though he still showed concerns about BTC’s…