Ethereum’s Market Structure “Firmly Bearish” as It Remains Below Key Level

Ethereum has seen some intensely positive price action in recent hours, with bulls catalyzing an upswing that led its price to highs of $380 just a couple of hours ago. It did face some intense resistance at this price region, however, and subsequently plunged towards $360. After rebounding from these lows, it now appears that ETH is caught within a bout of consolidation. Where it trends next will likely depend mostly on Bitcoin, as the benchmark cryptocurrency has been struggling to break above $10,400 throughout the past few hours. If…

US Treasury blacklisted a non-existent ETH address in connection with alleged Russian election interference

Earlier today, the U.S. Department of the Treasury updated its Specially Designated Nationals List, adding several individuals and a number of cryptocurrency addresses. One of the individuals added was Artem Mikhaylovich Lifshits — a Russian national, accused of interfering in the U.S. elections.  In addition to disclosing his personal information, the site lists a number of cryptocurrency addresses that he allegedly controls. One of the Ethereum addresses, found at 0xa7e5d5a720f06526557c513402f2e6b5fa20b00, does not seem to exist, however. Source: U.S. Department of the Treasury. There was likely a mixup somewhere in the chain of command and…

Coinbase Lists yEarn Finance, YFI Pumps by 15%

Key Takeaways YFI is scheduled to begin trading on Coinbase Pro on Sept. 15 around 4:00 PM UTC yEarn Finance’s token shot up 15% in response to the announcement, gaining over $4,000 within minutes Share this article Coinbase will list yEarn Finance‘s governance token YFI on Coinbase Pro with trading scheduled to begin Sept. 15. YFI prices rose by over $4,000, or 15%, following the announcement. yEarn Finance Takes DeFi by Storm From its beginnings as iEarn Finance in February of 2020 this year, yEarn Finance has taken the world…

Binance will ‘do what they can’ to help recover funds stolen in yesterday’s $5M Eterbase hack

Eterbase, a Slovakia-based crypto exchange, was recently the victim of a $5M hack. According to an update from Eterbase, some of these funds appear to have ended up on a number of popular exchanges, including Binance, Huobi Global, and HitBTC. Binance CEO’s Changpeng Zhao, or CZ, seemed to support efforts to stop the circulation of these stolen funds, replying: “Our security team was on this quite early. Will do what we can to assist.” Through Telegram, Eterbase also published a list of the hot wallets compromised by the hack. These…

Tezos (XTZ) Reaches Critical BTC Support as Sellers Grow Aggressive

Tezos has been caught within a firm consolidation phase against its USD trading pair in recent weeks, with the cryptocurrency being unable to garner any clear independent momentum. That has caused its price to range between lows of $2.35 and highs of $2.65, which is around where it is currently trading at. Bulls are attempting to break this range and catalyze further upside in the near-term, although whether or not it can push higher will likely depend mostly on the rest of the cryptocurrency market. Bitcoin is showing some signs of…

Bitcoin’s $12.5K pump didn’t do much to impress Peter Brandt

Trader and head of proprietary trading firm Factor LLC, Peter Brandt, said Bitcoin’s (BTC) recent run up past $12,000 did not excite him as much as it did the rest of the market.  “I never got super super excited about the advance in Bitcoin,” Brandt told Cointelegraph in a Sept. 9 interview. “I thought it was constructive — the advance we had in Bitcoin starting in late July” he said, noting the chart looked good. On July 27, Bitcoin definitively broke $10,500, a level which previously stood as a wall against…

On-chain data signals increasing Bitcoin activity — But there’s a catch

According to CryptoQuant CEO Ki Young-Ju, over-the-counter (OTC) Bitcoin (BTC) deals might be occurring in a way that is similar to the pattern seen in February 2019. According to the on-chain analyst, this is historically a bullish sign but Ki Young-Ju cautious that the pattern is not ‘absolute’ and should not be relied on in isolation. Bitcoin transferred on the blockchain network hits a yearly high. Source: CryptoQuant Ki also noted that the number of Bitcoin transfers achieved a new yearly high and that these transactions didn’t come from exchanges.…

Yearn.finance (YFI) Just Surged 20% Due to Coveted Coinbase Listing

In what has to be one of the fastest turnarounds ever, Yearn.finance’s YFI token is being listed on Coinbase just two months after its launch. The leading decentralized finance coin, which is currently the only one with a market capitalization over $1 billion, was just revealed to have garnered a coveted Coinbase listing. On September 10th, the official Twitter account of Coinbase Pro wrote: “On Monday September 14, our YFI-USD order book will enter transfer-only mode, accepting inbound transfers in supported regions. Orders cannot be placed or filled. Trading will…

Winklevoss Twins, Mt. Gox or Plus Token Scammers?

Blockchain Center has compiled data for some of the biggest Bitcoin (BTC) hodlers — from the Winklevoss twins to various scammers and hackers, and even “zombie coins”.  Allegedly, the twins own 150,000 BTC, which places them between the Bitfinex hackers, who own 120,000 BTC, and the Mt. Gox trustees who lay claim to 166,000 BTC. One spot above the latter is occupied by another notable scam — the Plus Token scammers, who allegedly hold 200,000 BTC. Tim Draper supposedly holds a paltry 30,000 BTC, which he acquired in a government auction of coins…

Messari’s Ryan Selkis Says DeFi bubble will pop soon

Ryan Selkis, founder of crypto data site Messari, predicted an upcoming demise for the decentralized finance, or DeFi, space — similar to what happened with initial coin offerings, or ICOs.  “The DeFi bubble will pop sooner than people expect,” Selkis tweeted on Sept. 10. “We’re nearing the apex of Ponzi economics, rug pulls, and ‘yield’ hopping, and ETH fees are going to eat too heavily into non-whale profits.” In recent weeks, numerous DeFi projects have seemingly popped up out of nowhere, offering significant interest and loans as part of a…