Uniswap’s UNI Holds Steady Despite Sell-Side Pressure; What Analysts are Saying

Uniswap – the decentralized crypto exchange of choice amongst traders and investors – sent shockwaves throughout the market with the launch of their native governance token called UNI. The launch of UNI was unlike any other seen before because everyone who had used the platform to trade – or contributed to its liquidity – prior to September first could receive a minimum of 400 UNI tokens. Naturally, this excited platform users who received a free $400-$1,600 USD, with the token’s price fluctuating between $1 and $4 following its listing and…

This Signal Could Suggest Latest Bitcoin Rally Was A Bull Trap

Bitcoin price rebounded hard from $10,000 and in a flash already found itself back above $11,000. Thus far, the key level couldn’t hold, and now signs are appearing that could suggest the rally was noting more than a bull trap and retest of resistance turned support. TD Sequential Indicator Gives Bull Trap Warning With Perfected TD 9 Sell Setup This week, Bitcoin blasted back above $11,000 but failed to hold the critical zone as it did the last time the cryptocurrency had a stretch of extended intraday upside. At the…

Sensitrust Started the Main Sale: AI and Blockchain for Smart Working Environments

The Sensitrust project aims to push Smart Working to the next level by exploiting Blockchain and Artificial Intelligence technologies. The platform will provide new mechanisms to facilitate smart working and allow the development of products and services by means of decentralized team. The platform will provide innovative safety measures and regulations based on AI and smart contracts to provide a secure and effective environment for the development of complex projects. Sensitrust will support three scenarios: the possibility to hire professionals from a catalog, the participation to an activity as a…

Ben Goertzel: Say Hello to the Singularity

The current blockchain world is so full of crazy ups and downs, it’s easy to become so focused on the short term that one loses track of the big picture. But it’s important to fight this tendency – because the big picture is awfully big.  Revolutionizing finance, the aspect of blockchain’s future that gets the most attention, is only a part of the story. Blockchain will be a central part of the future of technology and humanity in a very broad sense.  As we move toward what Ray Kurzweil has…

SUSHI Faces Massive Sell-off Following Uniswap’s Token Launch

SUSHI was among the worst-performing cryptocurrencies on Thursday as the decentralized finance token faced a severe competitive threat from a rival. Uniswap, a decentralized trading platform that inspired the launch of SUSHI’s parent project, Sushiswap, launched its governance token, UNI, Wednesday night. Against the expected supply of 1 billion, Uniswap dispatched 150 million UNI tokens for users that have used or supported its exchange. At the time of distribution, an average UniSwap was receiving $1,344 worth of UNI tokens. About 13,000 people claimed 400 UNI each, leading many observers to…

Dow Jones Adds 36 Points, S&P 500 Affected by Tech Stock Drop

The Dow Jones Industrial Average rose 36.78 points, or 0.13%, to 28,032.38 yesterday. However, the index has now dropped 1.77% YTD. On Wednesday, the Federal Open Market Committee (FOMC) released important economic aspects that affected major stock indexes including the Dow Jones Industrial Average and also the S&P 500. Members of the Fed’s policymaking committee indicated the overnight rate could stay near zero through 2023 in order to achieve its 2% inflation goal. “With inflation running persistently below this longer run goal, the Committee will aim to achieve inflation moderately…

Vinay Gupta: Ecological Sanity Is Compatible With Human Freedom

In the early days, Bitcoin proposed a simple model of how the world could be transformed: The free market was going to produce inflation-proof money with strong privacy features, which could be used to avoid taxes. Over time, people would sell their dollars, replace them with cryptocurrency and the State would wither away to be replaced with an anarchic paradise. Vinay Gupta is CEO of Mattereum, an Ethereum-based physical asset management platform. He coordinated the Ethereum launch process and first worked in cryptocurrencies in the 1990s. This essay is part…

Bitcoin Price Holds Strong Above $10,800: A Firm Case for Upside

Bitcoin price climbed further higher above the $11,000 resistance against the US Dollar. BTC is currently correcting gains, but dips are likely to remain supported near $10,800. Bitcoin extended its upward move above the $10,900 and $11,000 resistance levels. The price is now forming a strong support above $10,800 and the 100 hourly simple moving average. There is a major bullish trend line forming with support near $10,840 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair is likely to resume its upside as long…

Here’s Why Altcoins Are “In Trouble” Despite Bitcoin’s Bullish Behavior

Bitcoin price today smashed back above $11,000 and is attempting to hold currently. The incredibly bullish price action following a retest of resistance turned support could have given bulls the confidence to push the crypto asset’s price much higher. But as bullish momentum builds in Bitcoin, altcoins have turned bearish. According to one crypto analyst, alts are “in trouble” no matter which direction the first-ever cryptocurrency heads next. Analyst: Bitcoin Is Bullish But Is Ready To ‘Rekt’ Alts Whatever Route It Takes Bitcoin has been the best-performing mainstream asset of…

DeFi Darlings Chainlink, Binance Coin, Yearn.Finance Plunge Over 10%

Bitcoin is surging but the rest of the crypto space isn’t following its lead this time around. Instead, many of the DeFi darlings that led the last bullish impulse, have fallen 10% or more in the last 24 hours. What’s going on with the previously parabolic Chainlink, Yearn.Finance, and Binance Coin? Here’s the good, the bad, and the ugly when it comes to these DeFi tokens and their short-term fate. The Good: Yearn.Finance Ready To Fly If Footing Can Be Found Yearn.Finance is one of those magical success stories that…