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EOS Price Analysis: EOS Exploded 60% As BlockOne Secures $10B in Funding

EOS/USD – EOS Returns To Highs Not Seen Since June 2018 Key Support Levels: $13, $12.30, $10.78. Key Resistance Levels: $14.85, $16.50, $17.75. EOS exploded by a total of 63% yesterday upon the announcement that BlockOne raised $10 billion to launch a new exchange. Upon the news, the coin surged from $9.00 to reach above $14 by the end of the day. Today, it continued to climb to hit $14.87 – a price not seen since June 2018. There, it met resistance at a 1.414 Fib Extension and has since rolled over to the current $13.25 level. EOS had started…

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Chinese Police Confiscated $3.8 Million in Crypto After Arresting EOS Gambling dApp Team

Chinese police officers have confiscated nearly $4 million in various cryptocurrencies after a raid against several developers that operated a decentralized gambling app built on the EOS blockchain. $3.8 Million in Crypto Seized After receiving tips of suspected illegal activity involving the developers of the dApp called Biggame, the Jiangsu police department opened an investigation. Ultimately, this led to the arrest of 15 people. During the raid, the authorities found and seized 1.3 million units of EOS and BTC. Converted in fiat currencies, this amount equals 26 million yuan or $3.8 million. According to the report, this is the first…

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EOS’s Leading DeFi Project Moves to the Binance Smart Chain

Amsterdam-based DeFi platform Effect Network, EOS’s most used decentralized app, has revealed plans of moving its entire network from the EOS Blockchain to the Binance Smart Chain (BSC). Effect Network—a DeFi platform with a goal of linking companies to job seekers worldwide—revealed its decision to switch was driven by growing concerns surrounding the leadership of the EOS Blockchain and consequently, the practicability of the Blockchain, especially with emerging issues. Recall that four months ago, Dan Larimer, CTO of EOS known for his creation of several blockchain projects, announced his decision to leave Block.one—the company behind the EOS Blockchain—after serving as…

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Brock Pierce Backed By NY Independence Party While Being Sued

In July 2020, Pierce announced he would participate in the 2020 US Presidential elections as an independent candidate. He was recently nominated as a presidential candidate by the Independence Party of New York due to the new ballot threshold law that puts the party under threat. Interestingly, Pierce does not hope to win the upcoming election. Speaking to the New York Post, he noted that what is more important is to “jump-start a viable third-party movement” for future endeavors. “In the year 2020, it is not our goal to win the general election. Our goal is to lay the groundwork…

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Bitcoin Price Defends $10,000 as Market Cap Regains $10 Billion

After a few days of declines, Bitcoin has regained some value and is hovering around $10,500. Most altcoins are also recovering, with the total market gap increasing by $10 billion from yesterday’s bottom. Bitcoin Bounces Off $10K The bears dominated the cryptocurrency field in the past few days. Bitcoin dipped below $10,000 on two occasions just days after exceeding $12,000. Since the second drop, though, BTC has displayed signs of recovery and is currently trading around $10,500. From a technical perspective, should Bitcoin dive again, it can rely on $10,140 and the psychological $10,000 as support. In case it breaks…

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BitMEX to Launch EOS, LINK, XTZ, and ADA ‘Quanto’ Futures Contracts Soon

The popular Bitcoin and cryptocurrency derivatives exchange BitMEX announced the launch of ‘quanto futures’ for four crypto coins – EOS (EOS), Chainlink (LINK), Tezos (XTZ), and Cardano (ADA). This comes after BitMEX’s recent move that requires users to sign up for a mandatory ID verification procedure’. BitMEX To Launch Quanto Futures Trading For LINK, XTZ, EOS, ADA In an early morning blog announcement today, the Seychelles-based futures exchange said that it plans to launch ‘four new Altcoin/USDT underlying quanto futures contracts’. We’re launching EOS Token (EOS), Chainlink (LINK), Tezos (XTZ) and Cardano (ADA) underlying quanto futures contracts. Further details here:…

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Bitcoin Crushing Altcoins as BTC Price Sets New 2020 High

Bitcoin has responded to the rising altcoins and just pumped to a new yearly high of over $12,400. By doing this, the primary cryptocurrency has increased its dominance over the market after reaching a new yearly low earlier today. Bitcoin To $12,400 and Beyond? As CryptoPotato reported earlier, Bitcoin stood still at $11,800, while many low-cap alts were surging. Thus, BTC’s dominance dropped to its lowest point in over a year at 58.4%. Just a few hours ago, however, the first-ever cryptocurrency decided to act. BTC first broke above the psychological level of $12,000 and then the previous 2020 high…

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Market Watch: LINK Records $20 ATH While Bitcoin Stuck Below The $12K Resistance

After some minor fluctuations from $11,750 to nearly $12,000, Bitcoin lowered its volatility level and trading around $11,900. Is BTC getting ready to conquer $12K? We will see. At the same time, most altcoins continue to be volatile again with some massive gains from EOS, Yearn Finance (YFI), and Kava and another all-time high from Chainlink. Chainlink (LINK) At ATH Again The altcoin market hasn’t been boring for a long time now, and the past 24 hours reaffirmed it. No words can describe Chainlink’s year. Its native cryptocurrency (LINK) has pained numerous consecutive all-time high ever since it broke above…

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EOS Price Just Surged 15%—and More Upside Is Likely on Its Way

EOS has surged 15% in the past 24 hours, making it one of the best-performing cryptocurrencies in the top 20 aside from Chainlink. The cryptocurrency, with this latest rally, is reaching multi-week highs. While the ongoing move is still nascent, analysts think that EOS has fuel to surge even higher in the weeks ahead. The cryptocurrency can be spurred by both fundamentals and technicals, they suggest. Related Reading: Crypto Tidbits: MicroStrategy’s $250m Bitcoin Purchase, Ethereum DeFi Boom, BitMEX KYC EOS Is Preparing to Surge Higher, Technicals Show  EOS’s move has just begun, but analysts are already expecting the asset to…

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Bitcoin Challenges $12K As Binance Coin (BNB) Skyrockets 9% (Market Watch)

Bitcoin took yet another swing at $12,000 but to no avail so far, while Ethereum continues climbing to $440. Macrodata reaffirms the ongoing bull trend as almost all top 100 digital assets have been in the green in the past three months. Bitcoin Not Yet Conquering $12k About three days ago, the primary cryptocurrency was in a bit of a jam as it dipped to $11,100. It began losing its dominance over the market, but the bulls have since regained possession and drove Bitcoin upwards. Their attempt seemed solid, and BTC quickly came knocking at $12,000’s door. During this month-long…

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Chainlink (LINK) Skyrockets 60% In 5 Days To New ATH: Bitcoin Remains Stable At $11,700 (Market Watch)

As of the middle of the weekend, Bitcoin continues to fluctuate in a range from $11,400 to $11,800, while most altcoins are trading in green. Yet, Chainlink has attracted another wave of serious interest after an eventful 24 hours and a fresh all-time high painted. Bitcoin and Altcoins In The Green After a sudden dip to $11,200 on Friday, the primary cryptocurrency has managed to regain its composure. The bulls didn’t allow any further declines and pumped the price upwards. Since then, Bitcoin has been relatively stable and fluctuates between $11,500 and $11,800. At the time of this writing, BTC…

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Altcoins In Deep Green As Bitcoin Skyrockets: Market Cap Heading To $350 Billion

Green is the predominant color in the cryptocurrency markets, with some massive gains across the leading cryptos. Bitcoin marked a new yearly high of above $11,700, while Ethereum exceeded above the $350 level. Bitcoin Rejoice At A New Yearly High Bitcoin’s first days in July were rather dull as it traded sideways in a tight range. It appears, however, that the primary cryptocurrency doesn’t want to repeat this dullness in August. During the past three days, BTC headed upwards from about $11,100, where it primarily traded yesterday to a new yearly high marked just minutes ago of $11,730 on Bitstamp.…

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27 Prime Suspects In $5.8 Billion Plus Token Ponzi Scheme Arrested In China

China’s top police force Agency, from the ministry of public security, has arrested 27 key suspects deemed responsible for running the 40 billion yuan ($5.8 billion) Plus Token Ponzi Scheme. The arrest brings to 109 the number of people linked to the pyramid scheme after police investigations tracked down and arrested 82 more thought to be core members of the scheme. The suspects ran Plus Token as a high-yield crypto investment and gained a major following in China and South Korea by specifically targeting people unfamiliar with cryptocurrency concepts or investments. Over 5 Billion Dollars Lost in Ponzi scheme The…

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Bitcoin Challenges $11K As Altcoins Seek Recovery

After several days of gains, Bitcoin has stalled a bit around the $11,000 mark. Simultaneously, most large-cap altcoins have managed to increase their value against both the US dollar and BTC. Bitcoin At $11,000 The past several days were nothing short than impressive for the primary cryptocurrency. Its $2,000 price surge came somewhat surprisingly for some, but BTC reclaimed successfully, firstly $10,000, then the significant $10,500 resistance. Bitcoin also attempted to conquer $11,000 on a few occasions, including during the past 24 hours. As the asset hovers around that level now, it remains to be seen if BTC will keep…

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CryptoPotato’s Fund Records Monthly 22% Increase: Here’s What Changed

CryptoPotato’s cryptocurrency fund (the Crypto Fund) launched nearly a year ago continues to attract new investors and its performance has increased sharply during 2020 and especially in the past month. The growth comes after a significant change in its asset allocation with the purchase of Augur’s native token – REP. CryptoPotato’s Crypto Fund History During the summer of 2019, CryptoPotato launched an innovative fund that invests in several digital assets. Before going live, readers had the chance to vote from 70 different cryptocurrencies which assets would ultimately enter the Fund. The Fund came alive following a partnership with ICONOMI. The…

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Cryptocurrency Market Cap Loses $4 Billion In Hours, Correction Or Change?

The total market capitalization has lost about 4 billion of its value in the past few hours, and the question is if this is simply a correction or a trend reversal. At the same time, the precious metal market continues to soar with record gains, particularly silver. Crypto Market Retraces By $4B Volatility returned to some extent for Bitcoin this week. Following weeks of stagnation, BTC firstly broke the resistance at $9,300 and then continue towards conquering $9,500. Bitcoin’s intraday high went to $9,680 on Bitstamp, where it got rejected by the next resistance. After failing to reclaim that level,…

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Binance IEOs Skyrocket 20% As Bitcoin Escaped $9200 (Price Watch)

After weeks of sitting in a tight range, Bitcoin finally made a move yesterday and conquered the $9,300 resistance. The majority of large-cap altcoins also followed the upward tick, and, as usual, there are some notable fluctuations among low-cap alts. Bitcoin Is Alive The last time the primary cryptocurrency stood above $9,300 for more than just a candlewick was on July 9th. Since then, Bitcoin was stuck in its quite familiar range between that level and $9,000. Yesterday, however, BTC showed signs of awakening. In just an hour, it went from $9,200 to above $9,350. Despite some retracements, the asset…

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