Here’s How High Chainlink Could Rally if Bulls Defend Key Support

Chainlink’s price has been caught within a tight and prolonged consolidation phase throughout the past few days and weeks, with buyers and sellers being unable to gain any clear control over its mid-term outlook. Its price action has been moving in lockstep with that of Bitcoin, signaling that it may be losing the independence that it has seen throughout the past few months. It is important to note that LINK appears to be caught within an accumulation phase at the moment, as each dip is being aggressively absorbed, despite the…

Associated Press to Publish U.S. Election Results on EOS Blockchain

Key Takeaways Everipedia will publish the results of the 2020 U.S. federal election on the EOS blockchain. The effort is the result of a collaboration with the Associated Press. This is one of many ongoing blockchain voting projects. Share this article The results of the United States presidential election will be published on the EOS blockchain, according to an announcement from Everipedia. How It Works The Associated Press, a news agency that counts votes and declares winners for more than 7,000 election races, is working with Everipedia to publish election…

Nearly 2,000 Accounts Compromised in Latest Robinhood Hack

Robinhood, a popular retail stock investment app, continues to suffer from hacks. The latest episode involved nearly 2,000 accounts. Robinhood Hacked Again Despite Security Measures As the team stated earlier, the hacks involve users’ email accounts and are not connected with the platform. The company implemented safety precautions like 2-factor authentication and identification resubmission, but these measures didn’t help in some cases. Some users reported signs that their emails had been compromised and understood why they had been locked out of their accounts. Others didn’t notice any signs of a…

Bitcoin Price Dives $150 in Minutes as Volatility Persists

Bitcoin market volatility has persisted as the U.S. dollar continues to swing back and forth as the market attempts to determine the odds of a fiscal stimulus package. The leading cryptocurrency recently plunged $150 in a manner of minutes as the U.S. dollar rapidly jumped higher in an odd bout of price action. The futures market has felt this volatility, with derivatives tracker reporting millions of dollars worth of liquidations. Related Reading: Here’s Why Ethereum’s DeFi Market May Be Near A Bottom Bitcoin Sees Strong Market Volatility Bitcoin has exhibited…

Ethereum’s on-chain activity surges and bullish sentiment spikes

The latest findings by Santiment, published in Cointelegraph Consulting’s biweekly newsletter, indicates that discussions around Ethereum have switched from highly bearish to predominantly bullish. Historically, this hasn’t meant good news for the token’s price. Ethereum’s on-chain activity, measured by unique daily addresses, has rebounded from its nose dive at the end of summer. The latest surge has taken Ethereum to a 3-week high of 420,610 addresses per day — marking a 25.2% growth compared to the day prior. Another noticeable trend is Ethereum’s 365-day dormant circulation, which tracks the renewed…

Bitstamp says its users are now covered against a broad web of crime

Digital asset exchange Bitstamp has beefed up its insurance measures to combat the inherent uncertainties associated with the crypto space. “The policy covers an array of crime-related cases, such as employee theft, loss while the assets are stored at any premises, loss in transit, loss caused by computer fraud or funds transfer fraud, and loss related to legal fees and expenses,” an Oct. 15 statement from Bitstamp detailed with regard to the firm’s updated insurance measures.  Cryptocurrency offers added freedom when compared to traditional finance, allowing users to transfer the assets they…

Attempting to stifle encryption is a waste of time, suggests Status security chief

Corey Petty, a chief security officer at Status messenger, told Cointelegraph that he believes there is no way to marry end-to-end encryption with the type of backdoor access law enforcement agencies continue to lobby for. He also believes that any prohibitive or restrictive measures will be fruitless as encryption is an abundant and readily available resource, unlike nuclear power: “If you take nuclear control across the globe as an example here, and how successful that’s been in terms of keeping us from destroying ourselves, we were able to do that…

Analysts Think Uniswap’s UNI Could Surge to $4.30 Next; Here’s How

Uniswap’s UNI token has been struggling to garner any strong momentum as of late, with buyers and sellers largely reaching an impasse as the cryptocurrency trades within the lower-$3.00 region. It has been facing some heightened pressure in recent days due to the intensity of the sell-off seen across the aggregated altcoin market. Once again, DeFi tokens are being hit the hardest by this, and UNI is now widely viewed as a benchmark bet on the sector. Despite the intensity of its recent selloff, analysts are still noting that it…

‘Shorts will be dead’ — Why Dan Tapiero expects a massive Bitcoin shortage

In recent months, there has been a considerable spike in institutional demand for Bitcoin (BTC) following several high profile investments. Over time, asset manager and 10T Holdings co-founder Dan Tapiero believes this could lead to a problematic shortage in BTC. Alongside investments from Square, MicroStrategy and Stone Ridge, Bitcoin inflows to Grayscale Bitcoin Trust have surged. Based on the rapid growth of institutional investments, Tapiero warns that short-sellers could see trouble in the future. Institutional investors are rushing into Bitcoin In the third quarter of 2020, the Grayscale Bitcoin Trust…

Bouncing ideas around tokenomic design – Cointelegraph Magazine

Jack Lu, 23, was struck by the idea for his new DeFi platform Bounce while working on his thesis on game theory and cryptocurrency at Reed College in California. “It took me quite a long time to think of it,” Lu explains about his game theory influenced auction platform. “Everyone was talking about lending and borrowing, and doing Uniswap and providing liquidity. When I looked at this financial channel I think there’s one missing piece, which is auctions.” Lu — who counts Andre Cronje from Yearn.Finance, Kain Warwick from Synthetix…