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Coinbase Earn Program Gets New Addition To The Platform: EOS

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Coinbase Earn Program now offers support for the EOS token which will allow the crypto enthusiasts to get up to $10 worth of tokens by watching videos on their educational platform. For more information, let’s focus on the text in the coming altcoin news below.

The recently departed chief technology officer of the crypto exchange giant Balaji S. Srinivasan stated on behalf of his former work position during the Block. one event in Washington D.C:

 “We think a large number of people will obtain crypto not by buying it or mining, but by earning it.”

Balaji was in the team along with Tim Wagner who is the vice president of engineering at Coinbase and stood by him to announce the new addition to the coinbase earn program. EOS was added to the platform after Earn.com was created by Balaji himself. The Earn program allows users to get crypto rewards for learning about different crypto protocols. Coinbase of course later acquired Earn.com and is now a vital part of the company.

EOS is now a part of the team where ZEC, BAT, ZRX, and XLM are in the Coinbase Earn Program. The program has been recently expanded to more than 100 countries and according to company executives, it has more than $100 million worth of crypto available for the customers to earn through the earn site.

A spokesperson for Coinbase confirmed in an interview with CoinDesk that the new EOS feature is now live:

 “Behind the scenes of EOS showing up on our platform, Coinbase does deep analysis.”

Wagner explained to the crowd of hundreds of EOS fans at the Block.one event in DC that the Earn program was actually an undercard for the main event of the night. Block.one announced a brand new social media platform named Voice.

As initially reported in the latest cryptocurrency news, EOS first appeared on Coinbase PRO back in April. The new addition of the token comes as a decision after Coinbase stated in 2018 that it would add new cryptocurrencies more quickly by also releasing the new listing process for crypto assets. Wagner stated that EOS will go live on Coinbase Custody as well in the near future. He addressed the crowd:

 “For any of us to succeed, crypto must succeed.”

DC Forecasts is a leader in many crypto news categories, striving for the highest journalistic standards and abiding by a strict set of editorial policies. If you are interested to offer your expertise or contribute to our news website, feel free to contact us at editor@dcforecasts.com

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EOS News

Fake EOS Authority Emerged On Telegram: Report

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A fake EOS authority bot emerged on Telegram and requested private keys of the users’ accounts to monitor their funds and a few of them warned about the fraud, pleading to the holders not to reveal sensitive information so let’s find out more about it in the latest EOS news that we have today. The fake EOS authority bot has been present since 2018 on Telegram and it gained fame quite fast among the EOS holders because it was able to relate the accounts with the alerts quite frequently. It looks like the bot maliciously presented itself as the EOS authority according to the official EOS explorers that started making rounds on Twitter by trying to scam user by acquiring their private keys. The scam bot was first mentioned at the start of February 2020, when a Twitter user warned by posting a screenshot of the chat with the “EOSauthoritybot”. The bot said that the user has not set up any accounts to be monitored and asked from the user to add a new account. The suspicion has arisen when the bot asked for the owner key and the private key to the account. The fake bot is operating under the name of EOSauthoritybot and username-@EOSauthotitys_bot to confuse users with the username of the real EOS Authority bot that operates username @EOSauthoritybot. Rami James, the well-known software developer, also warned users about the probable scam on February 12. Rami published a Medium post in which it warned about the scam with the fake EOS Authority bot on Telegram.
 “This is a scam account that walks you through the process of giving up your private keys and you will lose access to your accounts,” he noted in the post.
While the cryptocurrency industry is not a stranger to scams, these kinds of Telegram bots look like they are new. There is at this time shortage of information on the number of users that were scammed or for how long this scam was operated on the messaging application. Giving your private keys to your cryptocurrency address is dangerous and will probably result in getting your funds stolen.
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Cardano News

EOS And Cardano Form Golden Cross, Further Increase Ahead

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Cardano's ADA tries
EOS and Cardano have had a similar action regarding the price this year so far and both of the cryptocurrencies saw a formation of a major bullish pattern forming at the same time as the price surge. Now, they are preparing for another retracement before continuing the bullish trends as we can see in the Cardano news today. More than $110 billion flood the crypto market since the start of 2020 and the inflow of capital allowed a lot of digital assets to surge including EOS and Cardano. Both of the altcoins increased by 106.50% and 95% respectively. As EOS and Cardano started climbing, a golden cross started forming according to the 1-day charts. This pattern developed in the 50-day moving average and it crossed above the 200-day moving average as well. Some of the major technical analysts in the industry said that this pattern is one of the most definitive buy signals that could start a bull market and the last time these cryptocurrencies saw a golden cross forming was between their 50 and 200-day MA in early April 2019. As per the EOS news, the altcoin skyrocketed by 105 percent while Cardano surged more than 50%. A similar scenario is in the making but they will first have to retrace after the latest exponential price increase. The TD sequential indicator shows that a retracement could soon be underway based on the EOS charts since, over the past few days, the technical index presented two new sell signals. The bearish formations show that a one to four candlesticks correction can be a new beginning of a downtrend before the continuation of the bullish trend. EOS seems to be getting rejected by the upper boundary from 2019 and since then, every time when the crypto gets down, it went to hit the top and drop again. If the technical pattern continues to hold, a retrace to the middle boundary of the channel could be expected which could eventually prevent this cryptocurrency from further correction. With a bearish impulse such as this one, EOS will have to break below the 78% Fibonacci retracement level at $4.42 to then hit the 61.8% which is where the parallel channel sits. Cardano also presents multiple bearish signs and there was even a divergence between the price of ADA and the relative strength index. The divergence usually happens when the price is making a lot of highs while the RSI is making lower highs as well.
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ChainLink News

DeFi Upward Momentum Led By EOS REX, Maker And Chainlink

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Defi upward momentum
Chainlink the oracle platform, Maker the stablecoin lending platform and the EOS resource exchange REX led the DeFi upward momentum segment of the cryptocurrency sphere, according to the newest report of TokenInsight, so let’s read more about the report in our cryptocurrency news today. TokenInsight the blockchain data company, has published its yearly cryptocurrency report for the previous year, with a focus partially placed on decentralized finance (DeFi). The report digs into which lending platforms brought the most locked value or collateral in the previous year, and also how the Decentralized Finance  DeFi upward momentum experienced the most growth over the course of the previous year. According to TokenInsight the status as the Ethereum’s most successful Decentralized Finance (DeFi) lending platform in 2019 was won by Maker as per the Maker crypto price prediction news. The application accounted for 76% of the total value locked in Decentralized Finance (DeFi) lending applications, and it accounted for 75% of the Decentralized Financial users of Ethereum. In addition, TokenInsight noticed that the supply of the stablecoin of Maker achieved its peak in 2019 with $100 million of Dai in circulation. In fact, the Dai supply moved up since the report was written: there are at this time $112 million of Dai and $23 million single-collateral Dai (Sai) in circulation. The value of a meaningful size was brought also by EOS REX, was constructed to make network throughput affordable to application developers. It brought $160 million in locked value in the previous year and attained a peak of $763 million. Two other Decentralized Finance (DeFi) lending platforms, Synthetix and Compound, accounted for a meaningful quantity of total locked value as well. They attracted $160 million and $80 million respectively.TokenInsight thinks that this category of Decentralized Finance (DeFi) will become even more important in 2020:
 “DeFi lending and stablecoins will continue [their] pace in 2020…We believe the market of decentralized stablecoins will score a substantial increase with its value growing at least 5 times.”
TokenInsight observed an extraordinarily fast growth in Synthetix, a platform that lends assets to users who put up cryptocurrency as collateral. In 2019, the total locked value of Synthetix grown 89 times, the growth went from $2 million to $180 million. Also, users have locked up 84% of the SNX supply.
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EOS News

EOS And Tezos Show Huge Signs Of A Reversal Trend

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EOS and Tezos
EOS and Tezos could reverse their trends since their momentum shows strong signs of exhaustion as we are about to see in the EOS news today. After getting close to a market bottom of $2.16 in December, EOS entered a bull rally that has seen the price almost double in value. The sudden increase in demand showed that this cryptocurrency can move above its 200-day moving average and the turning level of this resistance is usually seen by a lot of traders as a further bullish indicator. However, the current price level appears to have served as a take-profit point for a lot of investors which started an 8% retracement. Based on the TD sequential indicator, this coin could experience another decline. This technical index now presents a sell signal according to the EOS 1-day chart and this bearish formation estimates a one to four candlesticks correction, however, if the selling pressure is strong, another downtrend could start soon. The divergence happens once the price of the asset makes a series of higher highs while the RSI is making lower lows. This pattern doesn’t always provide a strong selling point and it is a sign that both EOS and Tezos are facing an exhaustion point. The 15-day moving average for tezos seems to have predictive price opportunities. Each time that XTZ moves below this moving average, the coin enters a bearish trend. When this cryptocurrency breaks above the significant barrier, another trend begins. Tezos is up by 34 percent since it closed above the 15-day moving average and the lagging indicator now serves as a support that prevents XTZ from a sudden drop. The TD sequential indicator presented another selling signal on the charts and if the coin gets this validated, the crypto could take a downturn at the support formed by the 15-moving day average. This bearish formation was given in the form of a green nine candlestick which shows a correction in-game before continuing on with the bullish trend. The bearish impulse could even take Tezos down to 78 percent Fibonacci retracement level and below this level, there could be a price hurdle that can start a selling pressure which will eventually push it to the next level of support around the 61 percent.
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