Blockchain Service Bison Trails Announces Support for Ethereum 2.0

Blockchain infrastructure-as-a-service company, Bison Trails, has announced support for Ethereum 2.0 — an upgrade that will move the network from its proof-of-work consensus mechanism to proof-of-stake. Bison Trails offers a suite of enterprise products that allow users to interact with the Beacon Chain, stake Ether (ETH), and automatically manage validators, validator clients, and beacon nodes. Importance of adopting Eth2 Joe Lallouz, CEO of Bison Trails told Cointelegraph about the importance of adopting Eth2 within the crypto industry and which benefits could bring like new scalability options for the protocol: “The…

As S&P 500 Flips 3,000 Into Support, Bitcoin’s Bull Case Grows

Despite a worsening pandemic, geopolitical turmoil, and more, Bitcoin and the S&P 500 have fended off secondary declines after March’s liquidity crash. At least for the time being, BTC holds above $9,000 and the leading stock index remains above 3,000 points. Both measures have held their respective levels for more than a month. With the S&P 500 holding strong, Bitcoin also stands to rally. Related Reading: An Infamous Bitcoin Whale Just Resurfaced — and He’s Got a Bone to Pick S&P 500 Secures 3,000, Boosting Bitcoin Bull Case In early…

Bitcoin Price Must Flip This Level Into Support to Avoid a Drop to $7.4K

Over the weekend Bitcoin price (BTC) dropped below $9,000 for the second time in 7 days but the weekly close was relatively uneventful. As covered by Cointelegraph, buyers quickly stepped in to buy the dip at the $8,800 support on June 27 and at the time of writing the price is pushing toward $9,100.  Crypto market weekly price chart. Source: Coin360 While Bitcoin may make a run on the $9,200, the top-ranked digital asset on CoinMarketCap remains pinned below the 20-MA at $9,385 and a high volume node on the…

Bitcoin Dives Below Key Uptrend Support: Here’s Why Bears Are Comfortable

Bitcoin started a major decline after it broke the $9,500 support against the US Dollar. BTC is now trading below $9,000 and it remains at a risk of more losses below $8,800. Bitcoin is gaining bearish momentum below the $9,500 and $9,200 support levels. The price traded as low as $8,813 and it is currently correcting higher. There is a crucial bearish trend line forming with resistance near $9,100 on the 4-hours chart of the BTC/USD pair (data feed from Kraken). The pair could correct higher, but it is likely…

Bitcoin Price Bounce at $8.8K Support Shows Traders Keep Buying the Dip

Within the last hour Bitcoin (BTC) price dropped below $9,000 to a daily low at $8,813. Since June 24 Bitcoin price has been losing momentum while pinned below the 20-MA and today’s drop to $8,813 coincided with a surge in sell volume.  Crypto market weekly price chart. Source: Coin360 As discussed in previous analysis, buyers have been keen to purchase every dip below $9,000 and today’s drop brought the price near the edge of a key high volume VPVR node at $8,800.  BTC USDT daily chart. Source: TradingView If bears…

Anchorage Launches Support for DeFi Token KEEP

Cryptocurrency custodian Anchorage is continuing to expand its focus on decentralized finance (DeFi), announcing support for custody of Keep Network’s token. The KEEP token powers tBTC, a trustless and open-source protocol allowing the creation of Ethereum tokens that represent Bitcoin (BTC) which are used for accessing based DeFi protocols.  The protocol also facilitates the autonomous containerization of users’ private data when engaging with public chains, bolstering the privacy enjoyed by DeFi users. Anchorage expands support for DeFi assets Speaking to Cointelegraph, Anchorage co-founder and president, Diogo Monica, emphasized the need…

Circle Announces Support for USDC Stablecoin on Algorand Blockchain

The Algorand Foundation has announced that the USD Coin (USDC) stablecoin will be launched on the Algorand (ALGO) blockchain. The integration will allow customers using Circle APIs or Circle Business Accounts to convert funds from their bank account or card network into stable tokens on the Algorand blockchain. USDC currently ranks as the second-largest stablecoin by market cap, and the 19th-biggest crypto asset with a capitalization of nearly $930 million. The coin was developed as a joint venture comprising Circle and major cryptocurrency exchange Coinbase.   USDC is coming to Algorand…

Blockchain Community Sounds Off in Support of Juneteenth

Juneteenth, a day which marks the end of slavery in the United States, has been commemorated every June 19 since 1867. It is especially relevant today, amid a wave of protests against racism following the murders of George Floyd, Breonna Taylor, and countless other innocent people of color. Blockchain community praising the day Many in the blockchain community have extolled today’s significance in history. Ripple CEO Brad Garlinghouse spoke on behalf of the company in declaring the date a corporate holiday: “Recognizing and celebrating #Juneteenth today. It’s striking how many…

Bitcoin Bears Struggle at the $9,270 Support — What Happens If It Breaks?

This week Bitcoin (BTC) price has struggled to overcome resistance at $9,600 and at the time of writing the top-ranked cryptocurrency on CoinMarketCap is finding support near $9,400. Crypto market daily performance. Source: Coin360 Technical analysis shows there is a strong support level at $9,270 and if Bitcoin price drops below it a steep pullback could occur. To many traders the $9,000 and $9,270 levels are considered as the last lines of defence for buyers, and protecting these levels is critical to prevent another price decline to the $8,000s. What’s…

Coinbase Pro Announces Support for Compound’s DeFi Token COMP

United States cryptocurrency exchange Coinbase Pro announced the listing of COMP, the token powering the decentralized lending protocol Compound. According to a Thursday announcement, COMP trading will start on June 23 at 9 a.m. Pacific Time if the liquidity requirements are met. Furthermore, users will be able to deposit their COMP tokens the day hours before the trading activity is scheduled to start. Trading will start progressively After a sufficient — and unspecified — supply of COMP tokens make their way to Coinbase Pro, the exchange will progressively roll out trading…