China’s national blockchain project to support DAML smart contract language

The Blockchain Services Network (BSN), the largest blockchain infrastructure initiative in China, now has a unified smart contract programming language. Red Date Technology, a major tech company involved in the BSN’s development, will add support for DAML — a smart contract language developed by American blockchain startup Digital Asset. Announcing the news on Sept. 14, the companies’ executives said that DAML will now be the “exclusive standard” for developing decentralized applications, or DApps, on top of the BSN. The integration will enable the interoperability of DApps regardless of the implemented blockchain…

Bitcoin Reclaims Crucial Technical Support as “Smart Money” Flips Long

Bitcoin is showing some intense signs of strength today, with the cryptocurrency’s price rallying towards its recent highs of $10,500 while the aggregated market also sees some strong momentum. Because BTC has yet to break above $10,500, its near-term outlook still remains somewhat unclear. However, a continuous show of strength could be enough to boost it higher, with a firm break above this level potentially sending it rocketing significantly higher in the days and weeks ahead. Ethereum’s ongoing break above $380 may also create a tailwind that helps lift the…

YFI Reclaims Support Post Coinbase Listing, New All-Time Highs In Sight

Yearn.Finance, most commonly referred to as YFI, is one of the hottest DeFi tokens this year and trades at prices three to five times as much as Bitcoin itself. The incredible success story appears to be ready to climb to higher heights, after reclaiming two important supports following the recent Coinbase listing. Yearn.Finance Has Plenty of Fuel Left In The Tank Despite Recent Crypto Market Pitstop There have only been very few and far between rags to riches stories in the crypto market since the bubble burst years ago. Even…

Bitcoin price at risk of CME gap-fill unless $10.5K flips to support

Since dropping 17.5% to a monthly low at $9,817 last week, Bitcoin (BTC) price has bounced around in what appears to be a tightening range between $9,800-$10,600.  The digital asset has yet to establish a clear pattern of daily higher lows and lower highs but as mentioned by Cointelegraph contributor Rakesh Upadhyay:  “The long tail on the candlesticks of the past five days shows that the bulls have been buying at lower levels but they have not been able to push the price above the top of the range at…

Tezos (XTZ) Reaches Critical BTC Support as Sellers Grow Aggressive

Tezos has been caught within a firm consolidation phase against its USD trading pair in recent weeks, with the cryptocurrency being unable to garner any clear independent momentum. That has caused its price to range between lows of $2.35 and highs of $2.65, which is around where it is currently trading at. Bulls are attempting to break this range and catalyze further upside in the near-term, although whether or not it can push higher will likely depend mostly on the rest of the cryptocurrency market. Bitcoin is showing some signs of…

Chainlink May Be Coiling Up for a Push to $16 as Buyers Defend Key Support

Chainlink bulls have been ardently defending against a decline beneath $11.00 throughout the past day, signaling that this level has been flipped into support. This is an incredibly positive technical development, as it indicates that the asset may soon be able to post significantly further gains in the near-term, using this support as a launchpad. The strength seen by both Bitcoin and the rest of the crypto market today is also creating a tailwind that may allow LINK to push higher and recapture some of its recent losses. It is…

Lucky Number 7? Bitcoin Bulls Defend $10,000 Support A Week Straight

Bitcoin price has fallen by over $2,000 from its 2020 high and is currently struggling to hold support above $10,000. Or is the other way around, and bulls have been valiantly defending the key support level on daily timeframes? Zooming out further shows yet another critical retest in progress, and one that could potentially last the entire month of September  – a month that has historically been red for the cryptocurrency. Bitcoin Bulls Defend Support At $10,000 For Seven Days Straight It is not easy to tell from price action,…

Was Tim Draper’s support of BCH the result of a hack?

Tim Draper, a famous American venture capitalist and serial cryptocurrency investor, might not have promoted Bitcoin Cash after all. A hacker appears responsible for a Sept. 4 tweet from Draper stating that he had recently purchased Bitcoin Cash (BCH) that personally thanked Roger Ver. Though the account “Draper” used to tag the Bitcoin.com founder was a Ver imposter profile, the BCH proponent still thanked him for the push the same day. After the tweet was deleted, OpenNode co-founder João Almeida confirmed on Sept. 6 that Draper’s account had been compromised.…

XRP’s 30% Decline Falls To Bottom Of Cloud, Stormy Days Ahead If Support Fails

XRP, like other major crypto assets Bitcoin and Ethereum, suffered a powerful collapse this week that turned sentiment from extreme greed to fear in a snap. The altcoin called Ripple fell by over 30% from the 2020 high to the local low before rebounding. The fall also took the price per token to the very bottom of weekly Kumo support on the Ichimoku indicator – a potentially bullish signal that in the past led to all-time highs. Losing the cloud, however, could signal stormy days ahead for Ripple price. XRP…

Bitcoin is Conducting a “Bullish Retest” as It Hits Critical Support Level

Bitcoin is ardently attempting to hold above $10,000, as this crucial psychological support level has been broken and reclaimed on multiple occasions throughout the past several hours. Earlier today, the cryptocurrency showed some significant signs of weakness as it pushed below this level, with bears sending it as low as $9,900 before it saw a sharp rebound that led it all the way up to $10,100. It has been facing some resistance here, however, with bulls struggling to garner any clear upwards momentum as heightened selling pressure persists. That being…