Analyst Claims Chainlink Could Plummet Below $7.00 as Selling Pressure Ramps Up

Chainlink, despite being the darling of the crypto market since 2017 for altcoin traders, is now facing some immense turbulence – the likes of which haven’t been seen in years. The cryptocurrency gained notoriety for its ability to consistently set fresh highs while the rest of the market was reeling lower in the wake of the early-2018 crash. This strength ultimately led it to reach all-time highs of $20.00 and secure a spot as the fifth largest digital asset by market cap. After reaching these highs, however, its price began…

KuCoin Exchange Reopens Bitcoin, Ethereum Withdrawals After $281M Hack

Following the $281 million KuCoin hack two weeks ago, the exchange blocked all deposits and withdrawals. Now, it seems that their new security measures are in place as they restart services for Bitcoin, Ethereum, and Tether.  KuCoin Reactivates All 71 Cryptocurrencies Though old addresses will continue to be functional, KuCoin has encouraged all users, both affected and unaffected, to create new deposit addresses. Tether services are currently limited. USDT on Ethereum can be deposited and withdrawn, while on EOS and TRON it can only be deposited. OMNI Tether is not…

Crypto art piece sells for $130K at Christie’s auction house

Christie’s auction house has announced the sale of a digital portrait of the Bitcoin code for more than $130,000. It marks the first time an NFT was auctioned at a major auction house, and the price exceeded expectations. According to the auction house, an unknown buyer purchased “Block 21,” a physical piece of art and non-fungible token (NFT) of Satoshi for $131,250 at Christie’s on Oct. 7. The artwork, fabricated by Ben Gentilli with the Robert Alice project, is one of 40 creations in a series, and holds exactly 322,048…

NEO Finally Flashes Buy Signal Following a 40% Correction

Key Takeaways NEO went through a 40% correction that saw it plunge from $26 to $16. Despite the massive losses incurred, the TD sequential index presented a buy signal on the daily chart. If the 100-day exponential moving average continues to hold, this cryptocurrency could rise to $18.5 or higher. Share this article While most cryptocurrencies in the market continue suffering from the “September Effect,” NEO recently flashed a buy signal that may allow it to regain lost ground. A Bullish Impulse on NEO’s Horizon NEO has endured a significant…

Key Bitcoin price metric at 10 week low after traders close long positions

October has barely started and the price action in the crypto markets has been both exciting and worrisome. Bitcoin (BTC) has seen a strong $10.9K rejection and a quick $10.2K bottom over the past week. The whipsaw price action has been the norm over the past three weeks and is quite gruesome for the bulls and bears. Regardless of the reason behind these moves, the recent newsflow of negative crypto events has clearly spooked investors. In the last two weeks KuCoin was hacked for $150 million, BitMEX was charged with…

Ripple Rebrands Products Amidst Tentative Plans to Leave U.S.

Key Takeaways Ripple has rebranded two of its blockchain products. It will also advance its RippleNet platform, with more details revealed at the end of the month during a conference. Ripple is considering leaving the U.S. in favor of a friendlier regulatory environment, according to executives. Share this article Ripple has rebranded some of its services and emphasized its global mission, as detailed in a new blog post from the company. Services Go Global Two of Ripple’s products have been rebranded. The first is Xpring, its developer-oriented payments platform, which…

Congress’ renewed attack on Big Tech may clear the field for decentralization

On Tuesday, a House subcommittee put out a massive report that places Big Tech in the crosshairs of major antitrust reforms. The four firms at the center of the report — Apple, Google, Facebook and Amazon — have been in hot water with Congress for some time. But while the tone of the recent conversation is punitive towards those firms, it also seems to envision a broader shift to new rules that would stop tech from this level of centralization again. Obviously, that’s a lofty ambition, and sweeping political ideals…

Yearn.finance (YFI) Likely to See a Relief Rally as It Approaches Crucial Level

Yearn.finance’s YFI governance token has been sliding lower throughout the past week, with sellers being in full control of its price trend as its buying pressure evaporates. This has caused the cryptocurrency to break below multiple crucial support levels that had previously been acting as robust support. Although it is now trading above what many analysts had described as a “last ditch” support level, its reaction to the buying pressure here has been rather muted, which is a bearish sign that could indicate that further losses are imminent. This decline…

OKCoin opens doors to crypto traders in Singapore

One of the world’s oldest crypto exchanges now has an office in Singapore. According to an Oct. 8 announcement from OKCoin, the exchange is opening its doors to crypto traders in Singapore five months after getting the appropriate licenses from the country’s financial watchdog. OKCoin already offers support for the Singapore dollar, and reports its customers can trade SGD pairings for Bitcoin (BTC) and Ethereum (ETH). The new location will reportedly serve as a new hub, catering to customers in Asia and Oceania. Khairi Azmi, the general manager of the…

BitMEX’s actions likely to scare off mainstream institutions, former CBOE trader says

Cryptocurrency derivatives exchange BitMEX has not played ball by U.S. regulatory rules, which hurts the crypto industry as a whole, according to David Carman, a former veteran Chicago Board Options Exchange trader. Carman currently helps head up a Chicago-based global crypto regulatory association, seeking to bring regulatory clarity to the industry.   “If they’re not going to behave, they’re just going to hurt the industry and drag it down,” Carman told Cointelegraph regarding BitMEX. “What’s BitMEX thinking of? What are any of these companies thinking of that they can operate like…