Ethereum Plugs 11-Week Bleed, why $1,500 May Be On The Horizon
Ethereum has been closing red week after red week for the past 11 weeks. It is the longest red streak that has been recorded in the history of the cryptocurrency, hence, it carried significant implications for the digital asset. Through the decline, it has been one of the worst-hit coins, performing poorly compared to the other cryptocurrencies at this time. However, the digital asset has now closed its first weekly green candle in three months and things are looking up. Better Days Ahead With this recovery has come a renewed interest in the digital asset. Coupled with the fact that the....
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DigiFinex, a global cryptocurrency exchange, is adding Horizon Protocol’s token HZN to its ever-increasing list of tradeable altcoins. This news comes a few days after Horizon Protocol announced the upcoming launch of their Horizon Genesis project on BSC. The project will provide Horizon Protocol’s community with better ways of managing their synthetic assets on the […]
What is Horizon Genesis? Horizon Genesis is a revolutionary new system that provides backing for Horizon Protocol and its assets. The HZN system offers the perfect solution because it extends mainstream DeFi into creating on-chain synthetic assets instead of just providing liquidity in existing ones like many other platforms do. This allows you to take […]
Ethereum reached highs over $4,000 today and Bitcoin made another attempt at over $59,000. Within a two-hour window, more than 10% of recent gains were wiped out sending Ether back below the key level and Bitcoin tumbling lower. Is this a sign of a reversal in the making, or are these powerfully trending assets simply […]
Algorithmic currency protocol OlympusDAO (OHM) has been outperforming Bitcoin and Ethereum despite the recent downtrend. In the 7-day and 30-day charts, OHM records a 38% and 126% profit, respectively. A report published by Delphi Digital concludes that OHM has been displaying countercyclical behavior. As reported by NewsBTC back in April, this protocol took the market […]
The Harmony team says it will offer $1 million to the hacker who exploited the Horizon Bridge for $100 million, but that may not be enough to get the funds back. The Harmony layer-1 blockchain project team has offered a bounty equal to just 1% of the $100 million in crypto stolen from the Horizon Bridge hack last week. Harmony tweeted on June 26 that the team had committed $1 million for the return of the funds that were stolen from the Horizon Bridge on June 23. It added, “Harmony will advocate for no criminal charges when funds are returned.”We commit to a $1M bounty for the return of....