Chainlink (LINK) Forms Bearish Divergences as It Prepares to Plunge

Chainlink (LINK) is one crypto-asset that has recovered massively from its September lows. As of this article’s writing, Chainlink (LINK) trades for $10.75, far above the $8 lows seen near the start of September. The coin is still down by just shy of 50% from its all-time high price of $20, set in the middle of August’s buying frenzy. Unfortunately for bulls, analysts think that the cryptocurrency is primed to move lower in the near term as LINK forms some bearish signals. Chainlink’s long-term trend is still in a positive…

Cosmos Technicals Present Golden Profit Opportunity

Key Takeaways After making an all-time high of $8.9 on Aug. 25 ATOM experienced a 58% correction. Now it seems like Cosmos could take aim at the $8 mark as a head-and-shoulders pattern developed on its 4-hour chart. While things are looking positive for this cryptocurrency, the TD index suggests that it may retrace before advancing further. Share this article Cosmos looks ready to make gains after a two-month correction. But first, one technical indicator suggests that ATOM prices will drop further, giving traders a chance to get back into…

Analysts Aren’t Convinced of Yearn.finance’s (YFI) Ongoing Bounce

Yearn.finance’s YFI has been one of the most volatile crypto assets of recent days. According to data from TradingView, the coin has traded in an $8,000 range over the past four days. After declining from the $19,000 local highs, the cryptocurrency recently underwent a 15% bounce at $15,000 that brought it just shy of $18,000. While $15,000 is a pivotal level for YFI on a macro scale, not everyone is certain that this ongoing relief rally will persist. Related Reading: Ethereum Transaction Fees Surge to All-Time Highs After Uniswap Launch…

Fans voting with tokens pick a winning team

A football team in Cyprus won against its rivals after it allowed fans to use blockchain technology and fan tokens to vote on its match lineup and formation, taking fan engagement to a new level.  Apollon FC, using fan token platform Socios.com, won in a friendly match against rivals Aris Limassol, Socios said in a post. Apollon won six goals to zero.  With Socios, fans of Apollon who bought its fan token APL had the opportunity to vote in a series of polls. These determined the team’s formation on the…

Yearn.finance (YFI) Price Faces Grim Rejection at $20,000; What Analysts are Saying

Yearn.finance’s YFI governance token was previously the darling of DeFi, providing investors with massive returns while also becoming a benchmark of the entire sector. Recent turbulence within the community, coupled with the downturn seen across the aggregated DeFi space, has caused YFI’s price to collapse from its recent highs, with bulls ardently attempting to stop it from seeing further downside. Just a week ago, the cryptocurrency saw a capitulatory decline that sent it down to lows of $12,000, with this decline marking a full erasure of the bulk of the…

Ethereum Miner Revenues Triple from DeFi, Approaches Parity with Bitcoin

Key Takeaways Revenue for Bitcoin miners fell by 30% after the block reward halving in May 2020. Ethereum miners saw revenues triple since March as DeFi pushed transaction fees to new highs. By year end Crypto Briefing projects total annual mining revenues of $4.6 billion for Bitcoin and $2.2 billion for Ethereum. Share this article This year saw drastic changes in the mining industry, with the halving and DeFi shaking up the sector. Ethereum miners saw their incomes triple since February, while revenues for Bitcoin miners fell by 30% following…

Data encryption a threat to fighting child sexual abuse, says DOJ

The U.S. Department of Justice has released an international statement claiming that end-to-end encryption “poses significant challenges to public safety,” including sexually exploited children.  In an Oct. 11 statement from the DoJ, the agency called on technology companies to work with the government to find a solution for strong data encryption with the means to allow the investigation of illegal activity and content. The department stated end-to-end encryption that hindered law enforcement from accessing certain content creates “severe risks to public safety.” The statement was signed by the DoJ, the…

BTC, XRP, ADA, XMR, ATOM

In the past three years the U.S. Securities and Exchange Commission has shot down several applications for a Bitcoin (BTC) exchange-traded fund. This dashed hopes of many investors who believed Bitcoin price would rally higher if an EFT was approved.  Although investors no longer pin BTC’s future on the existence of an ETF, regulators could eventually adjust their anti-crypto stance in the future. In an interview with Cointelegraph, SEC Commissioner Hester Peirce said that the regulator will have to become accommodative to innovation as several people from both the crypto…

Bitcoin rallies, McAfee compares prison to Hilton, digital yuan airdrop

Coming every Sunday, Hodler’s Digest tracks every important crypto news story from the previous week. Essential reading for all Hodlers!   Top Stories This Week   $12,000 Bitcoin price back on the table after BTC rallies above $11,400 At last. Bitcoin rallied to $11,448 on Friday, finally breaking above the symmetrical triangle where the price had been compressing for the past 30 days. Earlier in the week, BTC had dropped to $10,528 when Donald Trump suggested negotiations on a second stimulus package wouldn’t happen until after the election. But there…

Here’s the Newly Formed CME Gap Bitcoin May Soon Move to Fill

Bitcoin’s technical outlook has greatly improved throughout the past few days, with bulls’ ability to push the cryptocurrency off of its $10,600 lows and past its $11,200 resistance providing its market structure with a serious boost. Where it trends next will likely depend on its reaction to its next key resistance level at $11,600. The resistance here is quite significant and could cause it to see notable losses if bulls cannot surmount it. It is important to keep in mind that the cryptocurrency’s current momentum is rooted in bullish news…