The decentralized crypto exchange protocol C.R.E.A.M. Finance announced its decision to conduct a significant token burn today, September 20th, after a strong internal discussion.The official account of the protocol explained that following consideration of several possible reductions in supply, the alternative of burning 67% of all the $CREAM tokens was chosen as the best. This implies that more than 6 million $CREAM tokens will disappear forever once the burn is complete.Goodbye, Governance...
Read More »Sunday Price Watch: Bitcoin Amid $11K, Uniswap’s Token Airdrop Value Reached $3500
Bitcoin jumped to a fresh 2-week high above $11,150 but got rejected once again and is down below $11,000.Meanwhile, the value of the 400 UNI tokens airdropped to anyone who used Uniswap before September 1st reached almost $3,500.Bitcoin Paints A New 2-Week HighAs reported by CryptoPotato yesterday, Bitcoin displayed issues when trying to overcome the psychological $11,000 level. In the past 24 hours, the primary cryptocurrency initiated another attempt, which seemed significantly more...
Read More »Opinion: Can Uniswap’s UNI Break Into the Top 10 Cryptocurrency Token Rankings?
The launch of Uniswap’s governance token UNI caught the cryptocurrency market left, right, and center. Some folks who received the airdrop for being a loyal Uniswap user before September 1, dumped it on the market to avail their free helicopter money. Some held on.Nonetheless, UNI got listed on Coinbase Pro, Binance and it’s price shot through the roof. It’s now on number 32 as per CoinGecko. But can it break into the top 10?UNI Token Price Pumps, Dumps Then Again PumpsAs reported by...
Read More »Australian Dodges Prison After Using A Supercomputer At Work To Mine Crypto
A former employee of CSIRO – the Australian Commonwealth Scientific and Industrial Research Organisation, has avoided prison after being caught using a supercomputer at work for mining cryptocurrencies. Jonathan Khoo, 34, worked as a contractor at the federal government’s scientific research agency.Generating $6,897 Worth Of Ethereum and MoneroAs per a recent news report, between January and February 2018, Khoo has managed to use two supercomputers at his workplace for the purpose of mining...
Read More »SATs Market Watch: Bitcoin Price Unable to Break $11,000 as Uniswap (UNI) Token Surges
Bitcoin took another swing at $11,000 but got rejected, and trades just shy of the coveted level. Most alts are retracing slightly, while UNI continues to attract attention, and its price has increased to $7.Bitcoin Stopped At $11KAfter yesterday’s relatively calm price performance, the primary cryptocurrency initiated another leg up towards $11,000. The move began from about $10,900, and in just a few hours, BTC topped at $11,020 (on Binance).However, the bears intercepted it and drove the...
Read More »Bitcoin Taps $11K As Altcoins See A Nightmare Week: The Crypto Weekly Market Update
This week was nothing short of exciting. Bitcoin started trading at around $10,300 but was on a positive note throughout the entire time. It increased gradually, without any sharp and somewhat surprising movements, and managed to add about 6.5% to its value.The cryptocurrency tapped the important psychological and technical resistance at $11,000 but failed to conclusively close above it. Still, Bitcoin regained a serious portion of the total market capitalization as its dominance increased by...
Read More »Crypto Price Analysis & Overview September 18th: Bitcoin, Ethereum, Ripple, Binance Coin, and Polkadot
Bitcoin Bitcoin saw a positive 6% price increase this week as it edges its way toward the $11,000 level. The cryptocurrency was trading within a symmetrical triangle pattern last week after consolidating prior for 10-days. This symmetrical triangle broke over the weekend – providing the first signal that BTC was about to push higher. After breaking above, Bitcoin continued to push beyond resistance at $10,600 as it reached resistance at $11,051 (bearish .5 Fib Retracement)...
Read More »Buying the Wrong Uniswap (UNI): UNICORN Token Skyrockets 500,000%
There’s never a dull day in the cryptocurrency market. From food-based meme coins that attract billions of locked value and generate extremely high yield, to a likely mistake that caused the price for a token to surge half a million percent in a few hours – there’s something for everyone.Buying the Wrong UNIUNI (the latest one) is the governance token of the largest decentralized exchange protocol and automated market maker, Uniswap.As CryptoPotato reported yesterday, the token generated...
Read More »Market Watch: Bitcoin Around $11K As ETH Eyes $400
Most of the cryptocurrency market has been relatively calm in the past 24 hours. Bitcoin trades around $11,000, and Ethereum jumps by 2% to $385.Most of the attention went to Uniswap’s governance token (UNI) that launched yesterday. After listings on the most prominent digital asset exchanges, UNI trades at $5.3.Bitcoin Remains Below $11KAs reported yesterday, the primary cryptocurrency attempted to overcome the $11,000 mark. It seemed successful initially, but the move rapidly reversed,...
Read More »ETH Price Analysis: Ethereum Showing Weakness Against Rising Bitcoin, Lower Targets Incoming?
Ethereum bulls are currently trying to defend the 2019 high price at $364.The cryptocurrency is forming a descending triangle pattern on the 4HR charts.Against Bitcoin, ETH shows weakness as it starts to head back to the September support around 0.0329 BTC.ETH/USD – Etheruem Starts To Form Short Term Descending TriangleKey Support Levels: $364, $355, $336.Key Resistance Levels: $390, $400, $410.Ethereum dropped from the $390 resistance at the start of the week, but the bulls have defended the...
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