3 reasons why Reef Finance, Bridge Mutual and Morpheus Network are rallying

As new institutional and retail investors enter the cryptocurrency space on a daily basis, large-cap top performers like Bitcoin (BTC) and Ether (ETH) attract the lion’s share of investor’s attention as they are the well-known ‘secure’ blockchain projects.  Once these new investors get a taste of the mainstay cryptocurrencies and how to navigate the volatile markets, their attention soon turns to smaller cap coins as they search for the up-and-coming projects that could be the next big thing. Currently, CoinMarketCap shows that there are 8,475 tokens and more are added daily.…

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Bitcoin plunges, Ethereum suffers, Musk loses billions

Coming every Saturday, Hodler’s Digest will help you track every single important news story that happened this week. The best (and worst) quotes, adoption and regulation highlights, leading coins, predictions and much more — a week on Cointelegraph in one link. Top Stories This Week Increasing stock market volatility drags Bitcoin and altcoin prices lower Bitcoin has had an exceptionally trying week, and it doesn’t bode well for March — a month that’s traditionally bearish for the world’s biggest cryptocurrency. After hitting record highs of $58,300 last Sunday, Bitcoin suffered…

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This bullish Bitcoin options strategy lets traders speculate on BTC price with less risk

Historical data shows that it is nearly impossible to consistently predict Bitcoin’s price action and many traders that attempt this end up losing money. Now that Bitcoin trades near $50,000, the ultimate goal for most traders is to hold on to their current holdings and incrementally add to them in a way that is not terribly risky.  Options strategies provide excellent opportunities for traders who have a fixed-range target for an asset. For example, using leveraged futures contracts might be a solution for a scenario where one expects a price…

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Transaction batching protocol Furucombo suffers $14 million “evil contract” hack

The latest “evil contract” exploit has netted an attacker over $14 million in stolen funds.  Furucombo, a tool designed to help users “batch” transactions and interactions with multiple protocols at once, fell victim to the attack which centered on token approvals from users. The attacker’s address currently has $14 million worth of various cryptocurrencies, but the attack appears to be larger as they have been transferring ETH to privacy mixer Tornado Cash in batches over the last hour. This attack is conceptually similar to the $20 million “evil jar” attack…

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Economist warns of dystopia if ‘Bitcoin Aristocrats’ become reality

Not everyone is excited about hyperbitcoinization.  According to a popular copy/paste meme, Bitcoin holders are set to become a neo-aristocracy as Bitcoin becomes the dominant world currency: Only $BTC holders will be permitted to the upper echelons of society. Nocoiners will be shunned, socially and financially. At best forced to become servants to the new upper class. At worst executed for crimes against the #Bitcoin empire. — The Crypto Dog (@TheCryptoDog) January 2, 2021 The meme is part of a larger vision for Bitcoin’s future, a semi-serious but mostly tongue-in-cheek…

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6 Questions for Kain Warwick of Synthetix – Cointelegraph Magazine

We ask the buidlers in the blockchain and cryptocurrency sector for their thoughts on the industry… and we throw in a few random zingers to keep them on their toes!   This week, our 6 Questions go to Kain Warwick, the founder of Synthetix. Kain Warwick is the founder of Synthetix, a derivatives liquidity protocol on Ethereum. Synthetix has processed billions of dollars in trading volume. Warwick previously founded Blueshyft, Australia’s largest cryptocurrency payment gateway.    1 — What’s a problem you think blockchain has a chance to solve but…

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Here are 6 DEX tokens that have seen exponential growth in 2021

DeFi has steadily grown in prominence over the past year thanks in large part to the strong foundations established by decentralized exchanges (DEX) that enable easy access to the latest tokens and projects.  While there have been previous iterations of DEX user interfaces, such as IDEX or Etherdelta, it wasn’t until Uniswap launched that trading in the DeFi network really took off and facilitated the launch of the finance tokens. Here are six of the top-performing tokens in the decentralized finance sector. UNI/USDT Uniswap has risen from the humble beginnings…

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Institutions and miners accumulating through Bitcoin chop; whales uncertain

After a violent price reversal last week that saw Bitcoin retreat from all-time highs, traders and analysts are now eyeing major players and investors to gauge BTC’s next move — and so far the reaction is decidedly mixed. Data from on-chain analytics firm Glassnode indicates that the number of Bitcoin whales — a term for wallets that hold between 1,000 and 10,000 BTC — has at least temporarily reversed what was previously a strong uptrend starting in April 2020, a phenomena Glassnode labeled as a potential “end of whale spawning…

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Is Bitcoin at risk of another drop below $40K in a historically corrective March?

Bitcoin (BTC) has seen a corrective week as the price dropped from $58,000 to $44,000 in a matter of days. This dropdown caused a panic reaction across the markets as the euphoria was immediately halted. For instance, the Crypto Fear and Greed Index plunged to monthly lows of 56 after being above 90, or “extreme greed” for an entire month.  Crypto Fear & Greed Index. Source: Alternative.me However, such a panic reaction is unwarranted because corrections appear frequently in a bull market as a “reset” before continuation. This is organic…

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Crypto in a post-pandemic world

Everyone knows the story. When the first block of Bitcoin (BTC) was mined, the protocol itself entered a world of grave economic uncertainty. Not long before the market would hit its lowest point of the 2009 recession, Bitcoin was quietly created, dropped like a life raft alongside a then-sinking economy. The now infamous phrase “Chancellor on brink of second bailout for banks” was cribbed from the headlines, immortalized in code in the origin story of one of the most compelling, innovative, best-performing assets of the last decade. But Bitcoin did…

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