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MakerDAO will not compensate victims of March 12’s “Black Thursday” flash crash that left some of the decentralized finance (DeFi) platform’s investors out $8.33 million, according to a vote that closed Tuesday. The Maker community had initially voted in early April to refund sunken investors. Nearly six months later and the
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In a flash, Ampleforth, yet another DeFi project vying for its share of the booming market, just experienced
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There are many analysts saying that Bitcoin looks like it’s at a medium-term high.As reported by NewsBTC previously, a trader said that the cryptocurrency is trading in a textbook “distribution” pattern. Referencing the chart below, the trader said:“A couple more clues developing that lend themselves to HTF distribution. 1. Rising
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Bitcoin (BTC) is again fueling suggestions that it is preparing for price growth as two more indicators flash bullish.According to fresh data this week, both the Puell Multiple and Mayer Multiple now point to long-term buying opportunities.Puell Multiple hints at BTC price gainsAs highlighted by Philip Swift, creator of analytics
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[sociallocker id="55298"] Long time trader John Bollinger has warned that bitcoin’s flash rally to over $10,400 on Monday was fake, adding that losses might be on the way.“This is a Head Fake at the upper Bollinger Band for $btcusd,” tweeted Bollinger, inventor of the Bollinger Bands indicator.A ‘head-fake’ trade
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In brief:$250 is a major resistance zone for Ethereum.ETH had managed to break this price level and briefly traded at $253.The push was short-lived as Bitcoin dumped hard taking down the entire crypto market with it.Stats show that whales moved a lot of Bitcoin to Binance and Bitmex before the
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Just a week ago, Bitcoin was trading just dollars shy from $10,000. But after rumors (since disproven) spread about Satoshi Nakamoto selling his stash of BTC, the cryptocurrency has collapsed to $8,700.Some have deemed this move a “healthy” retracement, but a key indicator suggests that Bitcoin bulls have further losses
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The crypto market hasn’t fared too well over the past day or two. After peaking at $9,200 in a dramatic fashion, Bitcoin retraced under $8,200 on Sunday, catching many traders off guard, as they were expecting the leading cryptocurrency to continue higher.Though, a prominent analyst, Jacob Canfield, recently shed light
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Earlier this week, the decentralized lending protocol bZx was exploited in back-to-back “flash loan” attacks. While the two exploits were distinct, the end results remained the same. In total, $954,000 was gleaned from the platform. But what exactly happened? Was it an exploit, a simple case of arbitrage or
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Bitcoin’s (BTC) price hit $9,260 on Feb. 20 and dropped to $9,350 on BitMEX the very next day. Analysts say these two pullbacks were liquidity fills and that the dominant cryptocurrency is likely to sustain its bullish market structure.Technical analysts and industry executives have laid out the exponential moving
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