Bears Control Chainlink as Long as It Holds Below One Crucial Level: Analyst

Chainlink has been holding strong throughout the past few days and weeks around $13.00, with the selling pressure here stopping the cryptocurrency from seeing any intense momentum throughout the past few days and weeks. LINK has been closely tracking Ethereum’s price action as of late, which caused it to see a sharp selloff yesterday that has since been erased by bulls. The crypto is still stuck below its near-term resistance at $13.00, and until it can break above this level it may continue facing some consolidation in the days and…

Elon Musk Just Dropped the Bitcoin Bomb in Twitter… Again

Elon Musk just name-dropped Bitcoin once again on Twitter. The SpaceX and Tesla chief executive recently responded to Masie Williams’ question about Bitcoin with the comment: “Toss a bitcoin to ur Witcher.” 🎶 Toss a bitcoin to ur Witcher 🎶 — Elon Musk (@elonmusk) November 16, 2020 This is not the first time he’s made a joke along these lines. Referencing his infatuation with the cryptocurrency Dogecoin, he previously tweeted “Toss a Dogecoin to ur Witcher.” These jokes are made in reference to the Witcher television show and one of…

Actress Maisie Williams becoming the newest Bitcoiner?

English actress Maisie Williams, best known for her role as Arya Stark in the HBO series Game of Thrones, may be joining the Bitcoin bandwagon. In a Nov. 16 message on Twitter, the actress asked her 2.7 million followers if she should go “long on Bitcoin.” At the time of publication, the majority — 50.4% — are advising she invest in the crypto asset with 118,190 people responding. Williams has an estimated net worth of $6 million from her work in television and film. should i go long on bitcoin ?…

3 key on-chain metrics suggest Ethereum price is in a 2017-style bull run

Ether (ETH) price is currently ranging between $440 and $470, which is similar to the price action seen in December 2017. Back then, the scenario ended up being incredibly bullish, and the altcoin quickly rocketed toward $1,400.  Fast forward to 2020, and some investors believe a similar outcome may occur as a few key on-chain and technical indicators are mirroring the levels seen in the previous bull run. On Dec. 10 Ether price was $450, and it took only 34 days for Ether to reach its all-time high. Before this…

Yearn.finance (YFI) Could Soon “Moon” as It Forms Highly Bullish Pattern

Yearn.finance’s YFI governance token has seen some immense volatility throughout the past few days and weeks, with buyers sending it rocketing over 100% from its recent lows while now attempting to hold it above a crucial resistance level. The selling pressure at this resistance had held strong throughout the past several days and weeks, with buyers ardently attempting to spark multiple downside movements when it reached this level. However, bulls are flashing signs of immense strength today and are now moving to flip this level into support. Holding above it…

Cheese Bank’s multi-million dollar hack explained by security firm

An Ethereum-based decentralized finance, or DeFi, platform known as Cheese Bank recently suffered a $3.3 million loss — the product of an early-November hack. The thieves utilized a somewhat newly-found weakness in the DeFi sector which harnesses flashloans. The Cheese Bank thieves stole the cheddar via U.S. dollar-pegged stablecoins USD Coin (USDC), Tether (USDT) and Dai (DAI). A number of other platforms have also suffered similar fates in recent days. “In the string of attacks, we have seen malicious actors use flash loans to instantaneously borrow, swap, deposit and again…

Crypto Community Rejoices as SEC Chairman Steps Down

Key Takeaways SEC Chairman Jay Claton will step down from his position by the end of 2020. According to experts, Clayton’s exit is good news for those looking forward to a Bitcoin ETF. Share this article Jay Clayton, the current chairman of the Securities and Exchange Commission (SEC), announced he will be stepping down from his position by the end of 2020. During his tenure, Clayton has blocked all proposals for a Bitcoin ETF and waffled on whether tokens like XRP are indeed securities. Clayton’s Role in Crypto Regulation Clayton…

How Bitcoin Could React To the Promising Moderna Vaccine

This morning, news broke that Cambridge, Massachusetts-based biotech firm Moderna, had reached 94.5% efficiency in preventing the onset of COVID with their in-the-works vaccine. Bitcoin responded with a rally, but the last time around when Pfizer revealed their success rate, the cryptocurrency plummeted by over $1,000. With the likelihood of an effective vaccine growing, and uncertainty surrounding the pandemic and its impact on the economy beginning to fade, how might this impact Bitcoin’s recent bullishness? Bitcoin Rallies On Moderna Vaccine News, Plummets On Pfizer Bitcoin price action has been unstoppable…

Value DeFi protocol hacker flooded with sob stories after returning $95K Dai

On Nov. 14, an unknown party exploited flash loans via the decentralized finance protocol Value DeFi to the tune of $5.4 million. A number of individuals have received a portion of their stolen funds back, however, after pleading with the hacker using input data on the Ethereum blockchain. According to data from Etherscan, the hacker sent $95,000 in Dai back to two of the victims who posted messages accessible in the Ethereum block explorer’s input data on Sunday. “I lost $100,000 in your attack,” said one victim who claimed to…