BTC, ETH, XRP, BCH, BSV, LTC, EOS, BNB, XTZ, LINK

Eurekahedge’s index of crypto hedge funds have clocked 21.15% returns since the start of 2020 and this is the best performance from the firm since the index started in 2013. Even in 2017, which was the blockbuster year for cryptocurrencies, the January returns were a modest 4.85%. If the crypto hedge funds maintain their stellar performance this year, they are likely to attract further investments in this space. Coinbase is now a Visa principal member, the first crypto pure-play company to receive the membership. This will help the company to…

Ethereum Trend Overwhelmingly Bullish: Here’s Why ETH Could Rally Past $300

Ethereum jumped back above $260 and $270 against the US Dollar. ETH price is now consolidating above $275 and it could soon surpass the $288 resistance area. Ethereum is back in a positive zone, with a strong bullish bias above $275 against the US Dollar. The price is likely to accelerate gains towards the $300 level in the near term. There is a short term contracting triangle forming with resistance near $284 on the hourly chart of ETH/USD (data feed via Kraken). Bitcoin price is up around 4% and it…

2,388 ETH Estimated Lost in bZx’s Second Exploit

bZx, the DeFi protocol on the receiving end of the ecosystem’s latest exploit, has been hit with a second attack, this time using the protocol’s own flash loans that were enabled just a day ago. The exploit, which involved the use of Synthetix, has resulted in bZx pausing their smart contract again. DeFi Attacks Continue After a tumultuous week, bZx was hit by another exploit. This time, co-founder Kyle Kistner believes it was caused by manipulation of the protocol’s price oracle, as per the bZx Telegram channel.  The trader that…

Bitcoin Price Falls to $9.6K Amid Bloody Sunday for XRP, ETH, Altcoins

Bitcoin (BTC) price has fallen further dropping about $300 in less than one hour on Sunday, Feb. 16, though paring some losses since with a bounce from $9,600 to $9,790 at press time. Crypto market 1-day price chart. Source: Coin360 Bad weekend for Bitcoin price bulls Most other cryptocurrencies fared much worse, however, as evidenced by Bitcoin’s market dominance rising one percent from yesterday to 63.2%. The bad weekend for the bulls began on Saturday after losing the $10,000 level. Today, BTC/USD tumbled further and bounced off a key resistance…

Mind the Gap: Why ETH Price and DeFi Adoption Aren’t in Sync

In his 1991 book, “Crossing the Chasm,” management consultant Geoffrey Moore defined a crucial gap between the early adopters of a new technology and the larger populations of users that come later. Decentralized finance (DeFi) may now be approaching a gap of its own.  This article focuses on DeFi services that allow deposits of ether (ETH), ethereum’s native asset, as collateral for loans issued in a dollar-pegged stablecoin, DAI. Lending is decentralized to the extent it is managed by an open network of participants, governed by rules and incentives established…

Ethereum Price (ETH) Has Surged 92% in 2020 With Targets Set on $300

For the second time in two weeks, Ether price (ETH) has notched a new 2020 high. This time the surge from $217.83 to $253.79 occurred as Bitcoin’s (BTC) price reversed course from $9,700s and rallied to a new high at $10,346.83.  As Bitcoin rallied on Feb. 12, many altcoins pulled back in their BTC pairs but Ether succeeded in holding on to its gains and currently registers a 14.3% gain.  Crypto market daily price chart. Source: Coin360 Generally, investors are feeling bullish about the crypto market’s future prospects. But while…