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Tezos ICO Litigation Settlement Reaches Final Approval: Report

The Tezos ICO litigation settlement reaches final approval as per the documents from the United States District Court for the Northern District of California. The court order finally approved a $25 million settlement in a class action against the defendants that were correlated with the 2017 initial coin offering for the Tezos cryptocurrency. In today’s latest Tezos news, we are reading more about the settlement. The pioneering lawsuit was one of the first to assert that a crypto issuer violated federal securities laws by failing to register an ICO. The lawsuit was initiated after the fears that Tezos will never…

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XTZ Aims For 10% Price Jump If It Defends Key Support Level

XTZ aims for 10% price jump if it defends a key support level as it seems to be contained inside the ascending parallel channel as we can see in today’s Tezos price news. Over the past week, Tezos had a rough few days as the digital asset lost more than $300 million in market cap as BTC continues gaining dominance on the market. Despite the downtrend, the bulls are defending the support level which can help XTZ greatly. On the hourly charts, the price of XTZ seems to have formed an ascending parallel channel with the lower boundary below the…

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XTZ Price Prediction Shows Uptrend Could Be Stopped By Resistance Wall

XTZ price prediction shows the uptrend could be stopped by a resistance wall at $3 as the coin is now trading at $2.37 after a 22% increase in the past week. In our Tezos news, we are reading more about the price analysis. Tezos had a market capitalization of about $900 million at the start of 2020 but a few months later, the digital asset managed to reach $3.1 billion and after the pullback, it still has about $1.78 billion which is twice as big as it was at the start of 2020. Despite the two recent price bounces, the…

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Tezos And Microsoft Will Work Together To Support Indian Start-Ups

Tezos and Microsoft will work together to boost the startup industry in India. The innovation management company Lumos Labs specializes in technology and has now created the “Century Program” in cooperation with Microsoft. Tech Mahindra will join the force as well and the KODA AUTO division as well as TEzos India so they can focus on the Indian-based startup blockchain space. The goal is to “evangelize, heal and unearth” 100 solutions that are based on the blockchain with specific industrial applications. Let’s find out in the latest TEzos news today. Launched in October, The Century Program will be supported by…

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Tezos Raises Funds To Bring DeFi To Its Blockchain: Report

Tezos raises funds in order to bring DeFi to its native blockchain according to the announcement by VC Firm Draper Goren Holm. The company announced the successful seed round to fund the Tezos Stablecoin Foundation so let’s read more in the tezos price news. The Tezos Foundation and other partners are looking to bring Defi closer to the tezos blockchain. Tezos raises funds and therefore gained traction for other applications as well but paid millions in disputes over the 2017 token sale. DeFi could be dominated by Ethereum however now, Tezos is making a way in the spotlight trying to…

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Tezos Gets Integrated In China’s Blockchain-Based Service Network

Tezos gets integrated within the Chinese Blockchain Service Network thus becoming the last network to get integrated into this ambitious plan as we are reading more in our tezos news. The developers can employ the Tezos protocol via the Blockchain Service Network global public city nodes and the portals for as simplified development and the deployment experience. All three of the global public city nodes namely California, Paris, and Hong Kong,  have integrated with the Tezos blockchain in the testnet and mainnet as well. The developers wanting to utilize the Tezos blockchain will have to set up an account on…

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French Central Bank Chooses Tezos For Digital Currency Trials

The French central bank chooses Tezos’ blockchain for central bank digital currency trials as one of the first in Europe so let’s find out more in today’s Tezos news. Tezos was selected by the French Central Bank for digital euro trials which will focus in a central bank digital currency for interbank settlements. France is determined to become the first country to develop a CBDC.  Societe General, the tech startup launched by the French multinational investment bank selected Tezos for the central bank digital currency experiment according to the latest announcement today. #Tezos selected by @SocieteGenerale -Forge for its Central…

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Major Exchange BitMEX Launched Futures Trading For LINK, XTZ

The major exchange BitMEX launched futures trading for Chainlink and Tezos after the strong competition for rivals in the past few years as we are reading more in our chainlink news today. The major exchange BitMEX launched futures trading for two new altcoins and the futures volumes exploded across rival exchanges. The exchange also added two trading pairs for the coins that are already listed. BitMEX is bringing two new altcoins to the exchange in the upcoming weeks and it said in a release: “LINK will be the first DeFi-linked contract available on the BitMEX platform, and together with XTZ,…

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Tezos Defends Major Support Level But Struggles To Gain Momentum

Tezos defends major support level but it is struggling to reestablish momentum as it started witnessing mixed price action over the past few days and weeks. According to our Tezos news today, we can see that the cryptocurrency is caught within what seems to be an extended consolidation phase while forming a wide trading range between $3.20 and $3.50 over the past days. XTZ visited a lower boundary of the range earlier in the day when the price saw a flash crash to the lows. The rebound was harsh and since then XTZ was able to climb to the mid…

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US Judge Approves Settlement Brought By Tezos, Concludes The Lawsuit

US judge approves the settlement of $25 million brought by Tezos and concluded the lawsuit against the company from three years ago as we are reading further in the Tezos news today. The three-year-long class action lawsuit against Tezos was launched for violating securities laws in the United States back in 2017 when the ICO came to an end after the US Judge Richard G. Seeborg approved the $25 million settlement. The company had little time to celebrate in 2017 when Tezos raised more than $230 million as the Boston-based law firm called Block & Leviton filed a class-action lawsuit…

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Tezos Breached Key Support, Analysts Look At LINK For Guidance

Tezos breached key support as the price was caught within the downtrend over the past couple of weeks, grinding lower alongside Ethereum and Bitcoin while most other altcoins incurred a parabolic momentum as we are reading further in the Tezos news. Analysts are now noting that the next cryptocurrency trend will depend on Chainlink entirely as many investors have been treating XTZ as a “slower LINK” from a price perspective. It still remains unclear whether these two assets are truly correlated but the traders are trying to play a correlation that could end up in actually manifesting it. one analyst…

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Tezos Flirts With Doom Levels, Trades Above Critical Support Level

Tezos flirts with doom levels are it is now in a precarious situation, trading above the critical trendline which was supporting the price during the mid-term uptrend. In our Tezos price news today, we are reading more about the cryptocurrency analysis. The level was briefly broken earlier today as XTZ faced a huge influx of selling pressure but the buyers have since been able to step up and guard against more near-term losses. One analyst is noting that the horizontal support at the trendline is weak which could indicate that the further downside is imminent before the altcoin is prepared…

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Tezos Integrates Harbinger Price Oracles To Improve DeFi Infrastructure

Tezos integrates Harbinger, the price oracles that aim to improve the DeFi infrastructure by delivering signed price feeds based on real-time market data. The on-chain data will be fed to the Tezos network making it DeFi ready for future applications so let’s read in our tezos price news today. Using the method to Tezos delegated Staking which enables the token holders to delegate their XTZ to a validator or “baker”, Harbinger will enable price oracles to be delegated and prefunded according to the official announcement:  “This enables the development of self-sustaining price oracles, where the rewards for participating in proof…

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XTZ Could Face Increasing Pressure From Yield Farming Incentives

XTZ could face increased pressure from the yield farming incentives despite being the coin that drew massive inflows of investor capital because of the lucrative monthly rewards thanks to its staking mechanism that generates major support among users as we reported in the Tezos price news. Although the stable five percent annual yield could seem attractive, the advent of decentralized finance stole the thunder from the staking tokens. the yield farmers can collect incentives on multiple popular protocols with 100 percent annual yields. One economist believes that XTZ could face increased pressure from yield farmers incentives as the yield farming…

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XTZ May Drop Towards $3.00 As The Selling Pressure Enhances

XTZ may drop towards $3.00 as the price action the past week as favoring the sellers and the buyers were unable to catalyze the strong uptrend while still being unable to protect the asset from today’s market sell-off so let’s read more in the following Tezos news. The drop seen by the cryptocurrency at the start of the day led to the plunge of new lows at $3.60 which marks a huge decline from its multi-day high of $4.40. The sharp decline marked a bearish resolution to a consolidation phase that the cryptocurrency was caught within recently. Where it will…

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Tezos Could See Major Rally As Analysts Confirm Bullish Trends

Tezos could see a major rally of 100% ahead as the analysts are confirming the bullish trends that were preparing in the past could of weeks. The uptrend it incurred this time last week however is starting to stall as we are about to read more in the upcoming Tezos XTZ news. It seems that the resistance laced in the mid $4.00 region and this was quite intense which was stopping the asset from posting further gains as of late. The analysts are noting that the token could be poised to see more upsides in the mid-term but it could…

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Tezos Flirts With New ATH At $5, Increasing By 8% Today

Tezos flirts with a new all-time high at $5 after increasing by 8% today and against Bitcoin, it surpassed 38,000 SAT recording its highest level as we are about to learn more in the Tezos XTZ news. Tezos flirts with a new all-time high by increasing a solid 35% over the week as the coin pushed higher. Then, XTZ reached a $4.26 resistance 3-days ago and it has then broken above there with the 6.8% price hike earlier today. The BTC price plunged from $11K which led Tezos to drop to a new low of $3.60 earlier today. However, along…

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BitFinex Traders Are Longing XTZ More Than Ever As Price Nears $4

BitFinex traders are longing on Tezos in record numbers as the XTZ price nears $4 price level, right after the 12% correction that the altcoin saw the past day. Tezos is now the top-performing cryptocurrency of the week as it increased by 17.9 percent in the past week, 27.68% in a month as we are reading more in the Tezos XTZ news today. Investors are embracing the price action as the data from Bitfinex showing that traders are opening long positions for XTZ in massive numbers. According to the data shared by Josh Olszwicz, there are more XTZ longs open…

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Tezos News Today – August 10, 2020

The rising wedge pattern for XTZ/USD is a sign of a potential break to $4 Tezos has extended its weekend price above $4 to the $4.40 resistance  RSI confirms a downward action with a sharp retreat Tezos news today – The positive movement among digital assets in the last few days has continued to this day. Today, the token on focus is XTZ the native token to the Tezos network. Continue reading Tezos News Today – August 10, 2020 at Smartereum.

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Tezos ATH Above $4.4 While BTC Drops Fails To Hold $12,000 Again

Tezos ATH reaches $4.4 with a 17% increase since yesterday while Bitcoin’s dominance suffers and BTC fails to hold the $12,000 level again so let’s find out more in the upcoming Tezos price news. Bitcoin was not able to conquer the $12,000 and got rejected although most top 10 altcoins are retracing slightly and the rest of the market remained in the green including another all-time high from the top 20 coins. Most of the top 10 coins pulled back including Ethereum, Bitcoin Cash, Bitcoin Sv, Chainlink, and Binance Coin while Ripple is the only coin in the green with…

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