The price of Bitcoin (BTC) has been stagnating in recent weeks, as it couldn’t break above $11,000 and couldn’t drop below $10,000, the ultimate sign of a continued range-bound structure. Such a range-bound and sideways structure could strengthen some relief on the markets, as the altcoins — especially the DeFi sector — have seen massive selloffs in recent weeks. However, what’s next for Bitcoin as the futures expiration day is tomorrow, which most likely will cause short-term volatility? Bitcoin is still waiting to fill the CME gap as the downtrend…
Tag: Rally
U.S. Presidential candidate served for alleged securities fraud at rally in NYC
Presidential candidate Brock Pierce was served for his connection to alleged securities fraud during his campaign rally in New York City earlier today. Source: Twitter. James Koutoulas, the lawyer leading this case, told Cointelegraph that Pierce was served legal documents in connection with a class action case against Block.One — a company that Pierce co-founded. Block.One was the company behind EOS’ $4 billion initial coin offering. The project’s ICO was the largest such offering to date. Brock Pierce has co-founded a number of crypto projects including Block.one, Tether, and Blockchain Capital.…
After 80% Surge in a Month, Ethereum’s Rally Is at Risk: Here’s Why
Ethereum has embarked on a stellar rally over the past few months. Since the March lows, the asset has gained around 400%, rallying from ~$90 to $425, where it trades as of this article’s writing. The cryptocurrency, in the past month alone, has gained 80%. It isn’t clear what exactly has been catalyzing this rally, but analysts have suggested that it’s a confluence of at least three things: Bitcoin gaining strength, both in price and in intrinsic value due to macroeconomic trends like money printing. Decentralized finance applications largely based…
Block Lattice Architecture Or Blockchain? DLT or DAG? Europeans Rally on GDPR-Compliant, Open Source, Cross-Border Framework for Phone Application Development
ADVERTISEMENTS A team of close to 130 people from 17 institutes, organisations and companies in Europe is developing a technology that is intended as an alternative to privacy-invading tracking technologies used in some countries in Asia to combat the COVID-19. Top experts from multiple European nations are working on an open-source Pan-European Privacy-Preserving Proximity Tracing initiative (PEPP-PT) to provide a complete framework and reference implementation to track and stop the transmission of COVID-19 rapidly and effectively by informing potentially exposed people they are carriers and still adhere to the EU’s…