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Yearn Finance Second To Flip Bitcoin’s Dollar Value After Zcash In 2016

Yearn Finance is the second cryptocurrency to flip the Bitcoin dollar value after Zcash did back in 2016, as the token is surging today so let’s find out more in today’s altcoin news. The DeFi tokens are leading the crypto markets in their highest levels in terms of market capitalization and one of the best performing coins at the moment is YFI, surging by 70% on the day to reach an all-time high of $12,821. Yearn Finance is now the second cryptocurrency that has flipped bitcoin’s value since Zcash did back in 2016. The token allows users to earn interest…

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Hackers Transfer $28 Million Worth of Bitcoin from 2016 Bitfinex Breach

Around 2,500 stolen bitcoins ($28 million) from the 2016 Bitfinex breach were transferred from the hacker’s wallet on Monday. The last time the Bitfinex hackers moved funds from the hack four years ago, they moved around $5 million worth of coins on June 24. This time around, the top crypto asset by market capitalization touched new price highs for 2020 on July 27. At 6:15 p.m. (ET) on Monday, bitcoin (BTC) reached $11,379 per coin on Bitfinex. The hackers moved the $28 million worth of BTC in various fractions six hours prior to the price high, according to statistics from…

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Analysts Claim Bitcoin’s 76 Day Stability ‘Bullish’: Hash Ribbons Cross and 2016 Patterns

The price of bitcoin has been very stable lately, and the crypto asset has been trading in a less volatile range just above $9k per coin for 76 consecutive days. After the third halving, the price of bitcoin has also been far more stable, in contrast to the price action after the second halving. However, bitcoin’s price still seems to be following a similar route to 2016 when the digital asset’s price trended sideways for quite some time, until it eventually led to the all-time price highs in 2017. Cryptocurrency investors and evangelists have been discussing how bitcoin (BTC) prices…

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