Cardano Warns of Youtube Scams Promoting Fake ADA Giveaways

Cardano is warning the public against scams promoting a fake Cardano (ADA) giveaway.  In a tweet, Cardano founder Charles Hoskinson said a Youtube account has been using a keynote address he made to promote a fake giveaway.  “It has come to my attention that a scam has been floating around using my conference keynote to promote a giveaway https://youtu.be/MqeEhezvI1s this is a scam. Please report it to YouTube. We will take legal action if we can against those responsible.” The price of ADA went up by more than 85% in…

Chainlink (LINK) Just Rocketed Past $7: What Analysts Are Saying

Despite Bitcoin continuing to flatline in the low-$9,000s, Chainlink (LINK) has continued its upward ascent. The leading altcoin just surged past $7.00 for the first time ever just minutes ago, doubling its 2018 high. The Ethereum-based token has seen an influx of buying volume off major platforms. This buying volume has been important as prior to the move above $7.00, there was extremely heavy order book resistance, as noted by a cryptocurrency trader. Chart of LINK’s price action over the past three months from TradingView.com This latest leg higher means…

Ethereum May See Its Most Important Breakout Since 2018: All Eyes on $240

Out of the top-five cryptocurrencies, Ethereum has been the most bullish one over recent weeks. The cryptocurrency has pushed closer and closer to local highs as Bitcoin and XRP have stalled. Analysts say that with this recent price action, ETH is likely preparing to see a massive breakout. One trader, in fact, said that Ethereum may soon see its “most significant breakout” since the bear market ended at the start of 2018. Related Reading: Crypto Tidbits: TikTok’s Dogecoin Craze, Coinbase on Stock Markets, Bitcoin Holds $9k Ethereum Could Soon See…

Bitcoin Faces Brutal Rejection Near $9,400; Why Traders Remain Bullish

Bitcoin faced a brutal rejection at just below $9,400 earlier this morning. This caused the cryptocurrency’s price to reel lower, and bulls are now attempting to defend a crucial support level. BTC’s latest bout of volatile trading comes as the crypto’s weekly candle close is fast approaching, making the coming few hours potentially critical for how it trends in the week ahead. The swift rejection faced overnight caused the benchmark cryptocurrency to decline as low as $9,100, but buyers quickly stepped up and boosted it back above its crucial near-term…

More Delays? Ethereum 2.0 Developers Expect 2021 Launch, Vitalik Buterin Pushes for 2020

Key Takeaways Ethereum developers are concerned about launching ETH 2.0 before 2021, which may not give devs adequate time to iron out bugs. Vitalik Buterin disagrees, saying the risk of launching in 2020 is acceptable given that most applications will remain on ETH 1.0. Ethereum 2.0 has been delayed time and time again, so missing the November deadline wouldn’t be surprising. Share this article Ethereum developer Justin Drake said the earliest ETH 2.0 could launch is January 2021. Vitalik Buterin disagrees and is pressing ahead with a November 2020 launch…

Dogecoin Surges, Coinbase Rumors, Brave Legal Threats: Hodler’s Digest, July 6–12

Coming every Sunday, Hodler’s Digest will help you track every single important news story that happened this week. The best (and worst) quotes, adoption and regulation highlights, leading coins, predictions and much more — a week on Cointelegraph in one link. Top Stories This Week Bitcoin’s price has hardly moved an inch in the last six weeks — barely moving 2% in either direction from its average. This long period of stagnation resembles what happened in early 2017. BTC stayed around $900 for the first three months of the year,…

There’s a Multi-Million Dollar Buy Wall Stopping Bitcoin From Losing $9,100

Bitcoin has once again flatlined. After failing to surmount $9,500 this last week, the cryptocurrency has settled back down to the $9,200-9,300 region. Analysts remain divided over which way a breakout will take BTC, evidenced by the overall neutral funding rates on futures exchanges. Chart of BTC’s price action over the past few days from TradingView.com Yet crucial order book data suggests that should Bitcoin fall, it will catch a bid on major exchanges. This is important for the bull case as it may confirm BTC has more strength to…

Coinbase CEO Defends Licensing of Analytics Platform to Gov’t Agencies

Coinbase defended the licensing of its analytics software saying if people really wanted privacy, privacy coins were around. Coinbase CEO Brian Armstrong took to Twitter to talk about Coinbase Analytics and the company’s practice of licensing out the platform, explaining why crypto exchanges must have some sort of analytics software to comply with banking regulations. “Exchanges that maintain connections into the existing financial system (i.e. ability to connect your bank account, do wires, etc so you can convert fiat to crypto) need to follow AML laws, and this often includes…

Bitcoin Closing Above This Level Triggers The Most Profitable Buy Signal Ever

The most significant confirmation that Bitcoin is about to begin a new bull run could arrive as soon as tonight’s daily and weekly close. Post-Halving BTC: Will 2020 Be The Year of The Bull Market Returns? 2020 is gearing up to be the year of Bitcoin. All eyes were on the cryptocurrency to start out the year. BTCUSD rose from December 2019 lows around $6,500 to as high as $10,500 in a matter of weeks. The ascent was fueled by pre-halving hype – a now-past event that reduced the block…

We May Expect a Bitcoin Rally If Coronavirus Breaks Into a Second Wave

COVID-19 has become a defining moment in the course of our society, but the impact of the pandemic can be seen through its effects on the economy and society in general. From the perspective of a Bitcoin (BTC) investor, there are many things to consider. Coronavirus emergent patterns determine how the infection spreads and sets the society on a particular course into the future. The impact of the novel coronavirus on consumer society has been tremendous. The effect has mostly been seen as the closure of workplaces, resulting in people…