Bitcoin Bulls Aim Big After Recent Bullish Breakout At $9,650

Bitcoin is gaining bullish momentum above the $9,500 and $9,600 levels against the US Dollar. BTC is likely to continue higher towards $10,000 as long as it is above $9,500. Bitcoin is up over 3% and it surpassed the $9,650 resistance zone. It traded as high as $9,748 and settled well above the 100 simple moving average (4-hours). There is a crucial bullish trend line forming with support near $9,650 on the 4-hours chart of the BTC/USD pair (data feed from Kraken). The pair must stay above the $9,650 support…

Ethereum Price Rally to $370 Depends on Bitcoin’s Upcoming Weekly Close

On Saturday Bitcoin (BTC) and Ether (ETH) price perked up as BTC briefly pushed above $9,700 and Ether set a 2020 high at $309.  The weekend surge comes as a bit of a surprise as weekends are typically marked by low trading volume and some traders avoid the markets due to the volatility that sometimes accompanies the weekly close.  Crypto market weekly price chart. Source: Coin360 Technicals aside, Ether’s rapid ascent to $309 could also be receiving a sentiment boost from the news that the total value of funds locked…

Spotting the Potential of NFTs in the Blockchain Gaming Industry

Non-Fungible Tokens (NFTs) are emerging as a very popular blockchain trend in gaming, as they’re also now being used in the sports industry (ticketing), financial services, and as a way to sell and transfer property, highlighted Craig Russo, director of innovation of an investment firm and startup ecosystem, Polyient Games. In an interview with Cointelegraph, Russo explains that NFTs first captured the attention of the mainstream crypto community in 2017 with the launch of Ethereum (ETH) collectibles game, CryptoKittie. Since then, Russo believes that the NFT market has come to…

This Silver Fractal Suggests Ethereum Could Soon See a Parabolic Breakout

The markets have favored the underdogs throughout the past week, with silver and Ethereum both outperforming their larger counterparts. Although there aren’t any noticeable connections between the two assets, their price action in recent times has been strikingly similar, and it does appear that ETH is forming a fractal pattern with the precious metal. If the fractal continues playing out, it would suggest that Ethereum is in for a massive rally higher in the days and weeks ahead. This rally could cause the crypto to incur some parabolic momentum, being…

BSN to Continue as One Interconnected Network, Initiative Member Said

China’s Blockchain Service Network, or BSN, will look at how to best approach public blockchains globally while still maintaining an interconnected network and has not separated into different entities, a member of the initiative said.  BSN recently set up different groups with the idea that one will look at public blockchains that comply with Chinese laws and the other will develop more flexible public blockchains that can accommodate ecosystems internationally.  The group looking at international blockchains, BSN-International, is headed by Red Date Tech. BSN-China is governed by the current BSN…

Cardano Surges 11% as Shelley Launches: What’s Next for ADA?

While all eyes may now be on Bitcoin and Ethereum, Cardano (ADA) has been one of the best performing digital assets over the past day. According to data from Coin Market Cap, the popular altcoin has surged over 11% in the past 24 hours, moving towards $0.14 once again. As of this article’s writing, the altcoin changes hands for $0.137, making it the sixth-largest public cryptocurrency in circulation. This price action comes as Cardano’s developers have confirmed that the Shelley hard fork has started. Shelley is an upgrade to the…

Binance Now Sending Out Its Debit Cards

After months of waiting, planning and testing, Binance has begun delivering its debit cards to customers. “This started shipping in limited quantities as of yesterday, I heard,” Binance CEO Changpeng Zhao, also known as CZ, said in a July 25 tweet, responding to a community member interested in the product. Previous reporting shows an August launch for the card in European regions, so, it can be inferred, CZ means shipping to European customers at this time. Cointelegraph reached out to Binance for additional details but received no response as of…

Despite Bitcoin Surge Towards $10k, Analyst Thinks a Drop to $7k Is Possible

It’s been an impressive past few days for the Bitcoin market. The leading cryptocurrency started the week at around $9,200, but now BTC trades at $9,700 after managing to benefit from a rally in the price of Ethereum. With the recent price action, analysts argue that Bitcoin is primed to see an explosive move higher reminiscent of October 2019. But, not everyone is convinced that is the case. Related Reading: Crypto Tidbits: Twitter’s “Bitcoin Scam,” Elon Musk & Dogecoin, Institutions Want BTC & ETH Bitcoin Could Still Correct to the $7,000s,…

Door Still Open for Future ZEC Relisting, Liquid Exchange COO Says

After delisting privacy-focused asset Zcash (ZEC) in pursuit of regulatory compliance, Japanese exchange Liquid is not against a future relisting, pending regulatory clarity. “Regarding ZEC and our decision to temporarily stop providing trading services, we are seeking further guidance from both industry working groups and the MAS before we resume trading on Liquid,” exchange COO Seth Melamed told Cointelegraph on July 25, referring to the Monetary Authority of Singapore. He added: “In speaking with other VASPs [Virtual Asset Service Providers], we are not aware of any other exchange applying to…

Aviation Database Struck By Unknown Ransomware Gang

Smartwatch maker and data-syncing service provider, Garmin, was the subject of a ransomware attack that took down several of its services on July 23, which managed to encrypt its internal network. According to a series of tweets published by the company, the Garmin Connect website and mobile app were affected by the hackers, plus the call centers and every customer support resources like replying emails, online chats, and handling calls. However, the nature of the attack was unveiled by ZDNet, who also stated that the cybercriminals also targeted flyGarmin, the…