Bitcoin at a Critical Juncture: Here’s Why $9K Is the Most Important Level For Bulls

Bitcoin is attempting to start a fresh increase above $9,000 against the US Dollar. BTC price could either rally above $9,000 or start another decline towards $8,400. Bitcoin is facing a major resistance near the $9,000 and $9,020 levels. The price is trading above the 100 hourly simple moving average, but struggling to gain momentum. There is a crucial bearish trend line forming with resistance near $8,945 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could either start a strong rally above $9,000 or…

$25M Blockchain Bill Fights COVID-19 with Strategic National Stockpile

U.S. Congressman Stephen Lynch of Massachusetts has introduced a bill to establish a blockchain network capable of overseeing the distribution of personal protection equipment, ventilators and other necessary medical equipment during the current pandemic. The April 23 bill, named the “Strategic National Stockpile [SNS] Enhancement and Transparency Act” or H.R. 6607, states that the National Emergency Biodefense Network, a network intended to regulate the supply of drugs, vaccines, medical devices, and other supplies will be “developed and implemented using a private blockchain.” Rep. Lynch proposed a $25 million budget through…

Bitcoin Could Peak Over $500K in August 2021

Pantera Capital Founder and CEO Dan Morehead has predicted there is more than a 50-50 chance Bitcoin goes up “and goes up big”, with a predicted peak of over $500,000 in August 2021. The San Francisco-based blockchain and cryptocurrency hedge fund founder made the comments in a April 30 letter to investors examining the performance of Bitcoin (BTC) prior to the May 12 rewards halving in comparison to gold, oil, and venture capital.  Initially hesitating to make any kind of prediction, saying he was “of two minds” as to how…

4 Glaring Signs Show Bitcoin Could Rocket to New 2020 Highs In Coming Weeks

It’s been an explosive past few weeks for Bitcoin. The cryptocurrency, which traded in the $6,000s at the start of April, traded as high as $9,500 last week. While the ongoing rally has stalled in the $8,000s, with BTC holding at $8,800, analysts expect upside. Backing this sentiment is a confluence of technical and fundamental signs showing that bulls likely have the upper hand in the Bitcoin market. The Same Signal That Marked Start of 2019’s Crypto Bull Run Was Just Spotted Last week, the Moving Average Convergence Divergence (MACD) flipped…

Telegram Won’t Let American TON Investors Get 110% Refund in 2021

Soon after missing the April 30 deadline to launch the Telegram Open Network (TON), Telegram sent another letter to its investors. In the new letter, Telegram reportedly said that American TON investors will not be able stay in the TON project for another 12 months. American TON investors will be only eligible for an immediate 72% repayment instead of a 110% refund option in April 2021, Russian news agency RBC reports on May 4. Telegram had to retract the 110% option due to regulatory uncertainty in the U.S. The news…

CZ Insists That DDoS Attacks Were Foul Play From Binance Competitors

As Zhao told Cointelegraph on May 4, the April 29 attack was “well-coordinated” and focused on making Binance services unavailable in some countries of Asia. Competitors behind the attacks? Zhao emphasized that there are “a number of tell-tale” signs that such attacks came from competing exchanges. In the statement, Binance’s CEO stated that DDoS attacks were more expensive for hackers than for the exchange itself. CZ provided more details regarding specific DDoS targets: “The attacks focused on all of our public endpoints in those targeted regions simultaneously. We use a…

New Season of ‘Billions’ Opens With Bitcoin Mining Bust

Showtime released the first episode of the fifth season of financial drama series “Billions,” which opened with a Bitcoin mining bust. The new season, based on the life of the former New York District attorney Preet Bharara, began on May 3 with a plot revolving around a group of cryptocurrency miners operating an illegal Bitcoin (BTC) farm. Previous seasons talked about the world of the stock markets and legal disputes with hedge fund managers on Wall Street. Crypto enthusiasts may find the new episode more familiar Bitcoin’s intrinsic value discussion…

US Senator Loeffler Reports 2019 Income of $3.5M From Role as CEO of Bakkt

Per her financial disclosures, filed the evening of May 1 after an extension in January, Loeffler’s assets are significant, as was her income as CEO of Bakkt. The much-awaited financial disclosures While Loeffler initially delayed filing her mandatory financial disclosures when she took office in January, they are now available. According to SEC filings by Bakkt’s parent company, the Intercontinental Exchange (ICE), $980,000 of the $3.5 million were in the form of cash, with the rest in the form of equity. In addition to income of $3.5 million from employment…

Craig Wright’s Satoshi Case Goes to Trial July 6

Lawyers representing both sides confirmed to Cointelegraph that they expect the trial to convene on July 6. The case that has been captivating the crypto community for several years now may finally receive a resolution. On May 1, Judge Bloom, who presides over the case, issued a court order for the trial to begin on July 6. More importantly, the lawyers representing both sides confirmed that they are not planning to file any motions that could delay the trial and are eagerly looking to the opportunity to prove their case…

MakerDAO Takes New Measures to Prevent Another ‘Black Swan’ Collapse

The decentralized finance lending market Maker, like many crypto participants, suffered losses during the price collapse of “Black Thursday” on March 12. The price of Ether (ETH) declined by about 50% within 24 hours, triggering a zero-bid attack as the Maker system became swamped with a huge volume of liquidations. In the aftermath of the crisis, Maker recorded losses totaling 6.65 million Dai (about $6.65 million) and has been forced to make sweeping changes to its governance and auction parameters. The project also added the stablecoin USD Coin (USDC) to…