100-day SMA Could Ignite a Bullish Breakout for Bitcoin: Here’s Why

Bitcoin is trading in a contracting range above $9,000 against the US Dollar. BTC’s daily chart suggests that the price could rally above $9,300 as long as it is above the 100-day SMA. Bitcoin is holding a couple of important supports near $9,000 and $8,800. The price is currently facing strong barriers near $9,300 and $9,400. There is a crucial contracting triangle forming with resistance near $9,250 on the daily chart of the BTC/USD pair (data feed from Kraken). The pair could start a sharp rally above $9,300 as long…

Who Owns the ‘CryptoForHealth’ Domain Behind the Twitter Hacks?

Internet sleuths have converged on the website ‘CryptoForHealth.com’ which was associated with the widespread Twitter account hacks that began on July 15. The earliest incarnations of the scam saw the accounts of numerous crypto luminaries purport to partner with CryptoForHealth to give away 5,000 Bitcoins (BTC) to their followers. Identical tweets claiming a partnership with CryptoForHealth were posted by the accounts of top crypto exchanges Coinbase, Gemini, Binance, and their executives, earlier today. The hacks prompted Gemini’s co-founders Tyler and Cameron Winklevoss to warn that “all major crypto Twitter have…

DeFi Earnings Fell 42% in Q2 Even as Token Prices Surged

The DeFi industry may be booming this year, but a new report shows earnings have fallen despite a huge surge in token prices. The second quarter token report from Bankless, a DeFi focused newsletter from Mythos Capital founder, Ryan Sean Adams, revealed that earnings fell by 42% in the second quarter, from $5.5 million in Q1 down to $3.9 million in Q2. The findings are somewhat surprising since most DeFi related tokens have been on fire recently.  Dai Savings Rate decline blamed  One big factor was MakerDAO shifting the stability…

Crypto Twitter Responds to the Twitter Hack

Earlier this morning, a large-scale Twitter attack took over some of the most powerful verified Twitter accounts including Joe Biden, Elon Musk, Bill Gates, Kanye West, Kim Kardashian, Wiz Khalifa, Warren Buffett, Mike Bloomberg, Barack Obama, and Jeff Bezos. The attacker has posted about fake giveaways from the compromised accounts, asking for Bitcoin (BTC) payments and promising to send back double the amount received. Official Responses Many of the accounts were quick to respond to the hack with the Tweets being deleted and Twitter temporarily locking down all verified accounts…

Hidden Messages Found in Transactions to Twitter Hack Bitcoin Address

Some of the largest and most influential Twitter accounts in the world were hacked earlier today to promote fake Bitcoin giveaways. But eagle eyed Reddit users have spotted a series of hidden messages in transactions sent to the Bitcoin wallet at the centre of the scam.  Prominent accounts targeted in the Twitter attack included Joe Biden, Elon Musk, George Wallace, Bill Gates, Kanye West, Kim Kardashian, Wiz Khalifa, Warren Buffett, Mike Bloomberg, Barack Obama, and Jeff Bezos. The accounts were hacked with a message promising that if users sent BTC…

Tokenize Masterpieces to Disrupt the Art Auction Duopoly

Famed Silicon Valley and crypto investor Tim Draper believes that distributed ledger technology is transforming the art industry. Speaking to Cointelegraph, Draper emphasized the benefits that many of the core utilities of DLT offer to the art sector, such as immutability, transparency, and traceability: “People are going to be able to tokenize their art, and that will make buyers of art more secure in their purchase decision, and make artists happier about knowing where their art is and who owns it.” Fractional ownership disrupts art industry Draper also noted the…

Cypherium CEO Predicts CBDC Cross-Border Payments ‘Soon’

Sky Guo, founder of the Cypherium blockchain, predicts that central bank digital currency cross-border payments will happen “in the next couple years” or “even sooner”.  In an interview with Cointelegraph on July 13, Guo said that CBDC development among central banks makes it likely that certain countries in European Union, China and America, will take the lead and experiment with cross-border payments sooner than expected.  CBDC cross border challenges  Countries around the world are experimenting with CBDC pilots domestically, such as ride-sharing giant Didi signing “a strategic partnership” with the…

Analyst: 4 Factors Show Ethereum Can Rally Further After 180% Surge

Ethereum has seen extremely strong performance since the capitulation lows seen in March, outpacing a majority of top cryptocurrencies. According to data from TradingView, the largest altcoin has gained approximately 180% since mid-March. For some context, over that same period, Bitcoin rallied by a relatively measly 145%. Ethereum’s recent inability to pass $250 has left some expecting downside. That level, after all, has been a pivotal level for bulls and bears on multiple occasions over the past few years. Yet there are three crucial on-chain metrics and a set of…

140 Government Services Applications Are Using Blockchain

The Beijing government will release its first blockchain application blueprint on government  services in China today, according to the local news on July 15.   According to the blueprint, 140 government service applications are already on the blockchain. These applications are divided into three categories: “data sharing and exchange”, “business collaborative processing” and “electronic certificate and certificate storage”. The official in charge of the blueprint said: “Blockchain is a breakthrough in data sharing which is difficult to get through the traditional sharing way […] ‘electronic certificate storage’ means that the electronic…

This Chart Shows Ethereum Is Gearing Up for a Major Breakout Rally

Ethereum has been trading in close tandem with Bitcoin throughout the past several days and weeks, and this correlation isn’t showing any signs of breaking. It now appears that buyers may be laying the groundwork for ETH to see a notable upswing, however, as the crypto is currently on the cusp of breaking above a crucial support level. Much of this strength could come from the buyers’ continued ability to hold it above $238. One analyst is noting that he is now closely watching to see how ETH responds to…