Bloomberg: ‘Bitcoin a Caged Bull Set for Breakout, Eying $13,000 Resistance’

According to Bloomberg, the narrowest ever bollinger bands suggest that Bitcoin is consolidating for a major breakout. Bloomberg remains optimistic about Bitcoin (BTC) as long as it stays above a key resistance level. Bitcoin Bollinger Bands. Source: Bloomberg The latest report by Bloomberg analyst, Mike McGlone, contends that Bitcoin is consolidating. He speculates that due […]

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Compound’s COMP Token Paves Way for DeFi Yield Wars

Framework Ventures’ co-founder believes Compound’s token launch jump started a trend of DeFi projects competing for yield as public interest and token prices rally. Recent events surrounding the launch of Compound’s token seem to have been noticed by many other projects in the decentralized finance, or DeFi, ecosystem. In an interview with Cointelegraph, Framework Ventures’s […]

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Hyundai Adds Another Piece to Their Growing Blockchain Ecosystem

Hyundai embraces the blockchain and crypto industry with three trademark registrations. Hyundai is reportedly looking to launch a blockchain ecosystem through its Europe-based subsidiary, Hdac, and IT arm, Hyundai BS&C, after registering three business trademarks with the Korea Intellectual Property Office. According to Chosun, a local media outlet, Hyundai BS&C’s CEO Chung Dae-sun applied to […]

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Anomaly on Bitcoin Sidechain Results in Brief Security Lapse

Blockstream’s Liquid sidechain suffered a security incident where 870 BTC were briefly available to the company’s emergency recovery multisig contract. A malfunction in Blockstream’s Liquid bridge for Bitcoin (BTC) resulted in a Blockstream-owned 2-of-3 multisig contract briefly controlling over 870 BTC, worth $8 million. This was discovered on June 26 by James Prestwich, founder of […]

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