Chainlink (LINK) Forms Macro Reversal Signal After Rally 70% in the Past Month

After retracing by approximately 20% from the local highs, Chainlink (LINK) is surging higher once again. Against the U.S. dollar, the cryptocurrency now trades at $8.33 — a price 7.75% higher than it was 24 hours ago. The asset is unfortunately forming a macro reversal signal on its chart that predicts LINK may soon drop once again. Further suppressing altcoin gains, analysts expect volatility in the price of Bitcoin and Ethereum to act as a weight on altcoins. Chainlink Prints TD Sequential Reversal Signal The ratio between Chainlink and Bitcoin…

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After Surging 20%, Bitcoin Should Have At Least 2 Legs Higher: Analysis

Bitcoin has continued to erupt higher after failing to break past $11,500 earlier this week. As of this article’s writing, the cryptocurrency is trading at $11,900. The asset is now up approximately 20% in the past seven days. This strong price performance has made Bitcoin extremely overbought by some technical standards. Despite this, a relative strength index analysis by a trader suggests that BTC will see further legs higher in the months higher. This is in line with other analysts’ assertions that the leading cryptocurrency will hit $14,000 and $20,000…

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New 2020 Bitcoin Price High at $11,965 Proves Bulls Remain in Control

Bitcoin price rallied through a key resistance zone and secured a new 2020 high $11,965. After securing a strong daily close, Bitcoin (BTC) price continued to press higher by cruising through the $11,900 level within the last hour. Crypto market daily price chart. Source: Coin360 Breaking through the $11,500-$11,800 range was the bulls most significant achievement of the last week and a number of analysts have noted that above the $12,000 level there is little overhead resistance. This has led some traders to forecast a swift move to the $14,000-$15,000…

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Dispelling the Myth That Bitcoin Proponents Want a Cashless Society

Bitcoin and a great number of other cryptocurrencies are electronic versions of currency. Many people falsely assume that crypto proponents are for a cashless society and this is certainly not the case. If we removed the central banks’ printing fiasco and the inflationary practices from cash, we all know that cash is great for anonymity and fungibility. But the nation-states and central banking cabal are in charge of the fiat game and the monetary system today does come with serious manipulation and inflation. Most crypto supporters, just because they support…

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Five Years Since Launch, Is Ethereum Creating a New Boom?

A look into DeFi versus ICOs as another year passes for Ethereum. The Ethereum network has just turned five years old. Although the project was first announced at the North American Bitcoin Conference in January 2014, its genesis block was only mined on July 30, 2015. Since then, Ether (ETH) has become the dominating altcoin in market capitalization, popularity and network value settlement, having even surpassed Bitcoin in the latter. Ethereum was created with myriad possibilities in sight, allowing for smart contracts, powerful tokenization, complex decentralized applications and decentralized fundraising…

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After the US Senate Pros and Cons on Digital Money — What Do We Do With It?

The crypto industry has the best historical moment to change the discourse about cryptocurrency and its reputation into a successful innovative tech sector. The COVID-19 pandemic has certainly accelerated the digitalization of economies across the globe, opening up discussions on the future of digital financial services and whether our economy should advocate for the financial inclusion of Bitcoin (BTC) and other digital assets. Yet, despite the horror we have been seeing as our industries continue to suffer, the digital payments industry is expected to thrive, based upon recently reported data…

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3 Reasons Why Ethereum Price Rallied 75% to Hit a 2-Year High at $395

Ethereum price hit a 2-year high today and 3 factors suggest the altcoin could rally even higher. In the last two weeks, Ether (ETH) price increased by 75% as the price rallied from $222 to $390. Many investors believe Ether’s momentum is buoying the entire market, and possibly even pushing Bitcoin (BTC) upwards. ETH-USD daily chart. Source: TradingView.com Three factors that appear to be triggering the strong Ether rally are: DeFi, ETH 2.0, and the current prolonged rally taking place in the altcoin market. DeFi growth is pumping altcoins but…

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Big Travel Firm CWT Pays $4.5 Million Bitcoin Ransom to Hackers

CWT, one of the biggest travel companies in the U.S., this week paid $4.5 million in bitcoin to hackers who infiltrated the firm’s computer system, stealing sensitive corporate data. It is unclear whether customer information was also compromised. Reuters reported that the bitcoin wallet owned by the cyber thieves received 414 BTC on July 28 as payment for the ransom. At current prices, the ransom would be worth more than $4.8 million. According to the report, the attackers infected CWT’s computer network with a ransomware called Ragnar Locker, which encrypted…

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Cryptojacking Attacks Are Seriously Underestimated, Says BlackBerry VP

BlackBerry exec believes that many businesses don’t have a great visibility about the combination of crypto mining apps with malware. Cryptojacking attacks are both an internal and external threat, as the hacking groups are getting more organized in attempts to exploit vulnerabilities in the networks. However, there are also cases where some admins use valid entitlements to make money from illegally mining crypto using the firm’s network resources, and many organizations “don’t have great visibility” about it, says Josh Lemos, VP of research and intelligence at BlackBerry. Lemos told Cointelegraph…

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Ethereum Reaches Crucial Macro Resistance as Analysts Eye a Pullback

Ethereum’s price has rallied higher today in tandem with Bitcoin and other major digital assets This latest surge simply marks an extension of that seen throughout the past several days and weeks, with ETH now trading at the highest price levels seen in over a year The crypto is currently pushing up against its high time frame resistance, however, which could be a sign that its uptrend will start slowing in the near-term Where it goes next may also depend on BTC’s reaction to its resistance, as a failure to…

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