Bitcoin breaks 5-day long up-trend, dropping back to key support levels at $9,800. Since then bullish divergence appears to have formed on lower time-frames and could spur a reversal in the coming days. Bitcoin 1-Hour Analysis On the 1 hour chart for the XBT/USD pair, we can see the ascending wedge that formed throughout the...Read More
Bitcoin, cryptocurrencies, and blockchain technology have become mainstream terms and are now featured in most dictionaries. Crypto-related terms have a lot of value when they are tethered to a web domain, and these days digital currency domains are prime real estate, with some selling for up to seven figures. Also read: How to Create Non-Fungible...Read More
Margin trading has taken the cryptoverse by storm lately, with Malta-based Binance recently introducing margin trading for a number of cryptocurrencies on its platform. A number of other exchanges have also followed its lead. However, margin trading comes with a lot of risks, and if there is not enough liquidity on the exchange, whales can...Read More
An early version of Polkadot has been released today, allowing developers and the broader community to experiment with new features ahead of the mainnet launch. Known as Kusama, the network is a “proving ground” where projects can build parachains, stress-test new technologies and trial the Polkadot network’s governance system. It appears to be named for...Read More
Apple could be coming up with not just one but four new models of the Apple Watch Series 5 this year. The four models filed this week were listed as A2156, A2157, A2092 and A2093 and would be running the smartwatch OS, the WatchOS 6. It seems that Apple (AAPL) is getting ready for an...Read More
US authorities are on the trail of a duo of Canadian bitcoin scammers who are still at large. | Source: Shutterstock By CCN Markets: Two Indo-Canadians are facing fraud and money laundering charges in the U.S. after they ripped an Oregonian off their Bitcoin worth over $200,000. In a statement, U.S. Attorney in the District...Read More
The altcoin action continues today as the majority of the market is in the green. Meanwhile, Bitcoin has stabilized over $10,000 while continuing to lose some of its dominance. Cryptocurrency Market Situation. Source: Coin360 Nevertheless, good news keep coming for Bitcoin – this time from Albion. In a landmark decision, the British law firm Stewarts managed...Read More
Billionaire Tim Draper says the far-reaching impact of bitcoin “magic” will dwarf the sprawling influence that even the internet has had. | Source: REUTERS / Danny Moloshok (i), Shutterstock (ii). Image Edited by CCN. By CCN Markets: Tech billionaire Tim Draper says the far-reaching impact of bitcoin “magic” will dwarf the sprawling influence that even...Read More
On August 9, 2019, Twitter user and developer H_M_X_ (@hmatejx), a member of the XRP community, announced that he will be releasing an automatic detector for Ripple xRapid transactions from US Dollars to Mexican Pesos. Automatic detection of xRapid transactions from Bitstamp (USD) to Bitso (MXN) comming soon… pic.twitter.com/d7CQmsbGwF — H_M_X_ (@hmatejx) August 9, 2019...Read More
Just recently, Amazon cloud service AWS experienced an outage which is causing a service disruption on several Asian cryptocurrency exchanges. Binance is one of the exchanges. In recent news, Amazon has experienced a cloud service outage which has caused several crypto exchanges, including Binance, to report problems. Binance is seeing international problems, the company CEO...Read More
Ripple, a real-time gross settlements system and remittance network, had recently announced a strategic partnership with MoneyGram, one of the world’s foremost money transfer companies. Immediately after this partnership went live, XRP/MXN volume on Bitso rose by 25%. Breanne M. Madigan of Global Institutional Markets at Ripple commented, “New (and notable) data shows that although...Read More
Binance is no stranger to cryptocurrency hacks and scams, with $40.7 million (700 BTC) being stolen from the exchange just recently. While Changpeng Zhao, the exchange’s CEO managed to alleviate concerns with informed communication, the exchange was also targetted by a leak of KYC documents. Today, Binance released an official blog post titled “Update &...Read More
John McAfee, an eccentric crypto fan and U.S Presidential candidate announced to introduce Shadow Trading feature on his latest cryptocurrency trading platform, McAfee Magic. The shadow trading is meant to serve non -professional traders. The platform enables beginners to shadow trading experts, with the ease to shadow multiple professionals simultaneously. Eventually, the Shadow Portal allows...Read More
The US government has singled out cryptocurrencies including Bitcoin as a funding mechanism for the ongoing trend for smuggling the drug fentanyl. FinCEN Advisory Mentions Cryptocurrencies In an advisory issued on August 21, the Financial Crimes Enforcement Network (FinCEN) highlighted the use of “convertible virtual currency” (“CVC”) in facilitating the black market. According to the...Read More
According to a recent update on the Chinese social media network WeChat, a source close to the chip-manufacturing firm, Taiwan Semiconductor Manufacturing Company, revealed that Bitmain has reportedly placed an order for 600,000 mining chips. If true, this hige bid is likely to bring in huge profits for Bitmain. Interestingly, this batch includes the latest...Read More
Ever since its announcement in mid-June 2019, the libra coin has been dealing with pressure from the public and U.S. regulators. Facebook, the social media giant, has been prone to hacking risks that have led to the breach of information security. U.S. lawmakers have been skeptical about Facebook and the libra coin. Today, it seems...Read More
Bitmain firm, Bitcoin (BTC) mining giant is purchasing more crypto mining chips that could result in a surprising profit of $1.2 billion. Cryptocurrency mining giant Bitmain Technologies will boost its size by roughly 50% in the next six months behind a supreme hardware order as leaked by the nearest source. Bitmain Technologies Targets 50% Capacity...Read More
Ethereum Classic is making significant gains while trading on Friday. | Source: Shutterstock By CCN Markets: Ethereum Classic (ETC) is currently on a massive bull run this week, increasing its price by 30% in three days. The cryptocurrency continued its surge steadily today, skyrocketing its value by over 15% today. $ETC #EthereumClassic making a bit...Read More
In recent news, Patrick Byrne, the long-time CEO of Overstock has announced in a letter to shareholders, that he is stepping down from his position. His position will be temporarily replaced by Jonathan Johnson. Recently in a letter to all the shareholders, Overstock‘s CEO Patrick Byrne announced that he is resigning from his position at...Read More
Photo: Carbon Black, Inc. / Twitter In recent news, VMware which is a publicly traded software company announced two very significant purchases. The software company bought Pivotal which is an American multinational software and services company and Carbon Black which is a publicly traded security company focusing on modern cloud-native workloads. Both companies together are...Read More
A blocked Bitcoin donation to help the fight against the Amazon Rainforest fires has become the latest publicity headache for BitPay. BitPay Fails To Resolve BTC Freeze According to a social media exchange on August 23, the embattled cryptocurrency payment processor is facing fresh criticism after it failed to allow a $100,000 Bitcoin 00 donation...Read More
Social media networks are both useful and dangerous tools. Particularly when it comes to SnapChat, the service has received a fair bit of criticism over the years. That will not change in the near future either. Now that arms dealers are selling guns illegally through this platform, a very troublesome era has been ushered in. ...Read More
Eccentric crypto-proponent, tech security expert and U.S Presidential candidate, John McAfee, today announced the introduction of a Shadow Trading feature on his latest cryptocurrency trading platform, McAfee Magic. McAfee’s tweet read, https://t.co/5jRN3sAXvG Shadow Trading is now functional. Give it a try. — John McAfee (@officialmcafee) August 23, 2019 On the FAQ section of the webpage,...Read More
Retail and institutional investors alike are increasingly turning to safe-haven assets like gold and bitcoin. | Source: Shutterstock By CCN Markets: As the fear of an upcoming global recession is continuously surging, the interest in safe haven assets, like bitcoin and gold, is growing too. And now a major Australian news publication deems the two...Read More
The week has ended with reclamation of five figure prices by bitcoin. Some of the altcoins have been marginally dragged up with it, but many including Ethereum are still looking extremely weak. Bitcoin Back Over $10k The past five instances bitcoin has dropped into four figures have been brief encounters. There is clearly a mass...Read More
By Dmitriy Gurkovskiy, Chief Analyst at RoboForex EOS sales continue, but on Friday, August 23rd, the market mood is too ambiguous. At the end of the week, the EOS is declining, trading at $3.62. Technical Analysis On the daily timeframe, the EOS remains inside the downtrend, the quotations inside the channel. The short-term situation in...Read More
Wikipedia co-founder Larry Sanger does not want to develop his decentralized applications atop EOS blockchain. The veteran technologist, who chose EOS to run his decentralized content distribution platform Everipedia, threatened to fire the blockchain project. He criticized EOS for becoming a de facto centralized ledger controlled entirely by the Chinese entities. Stating that Everipedia couldn’t...Read More
Bhavin Vaghela, Xendpay’s Head of Product Innovation. Photo: Ripple Ripple announced that they went into the partnership with the UK remittance firm Xendpay therefore widening their portfolio made from big companies that are already using Ripple’s product across their payment services – MoneyGram, Standard Chartered Bank, American Express etc. From Xendpay they disclosed what kind...Read More
The blockchain revolution starting with Bitcoin had a great impact on the world, not just because it highlighted the importance of a decentralized financial system, but mainly because it highlighted how distributed systems can put power back in the hands of consumers. A recent study by Placeholder, a New York-based investment firm, compared cost structure...Read More
The WalletLink feature provides a secure encrypted link connecting the browser to the Coinbase Wallet app and letting users access the DApps from anywhere. Crypto exchange Coinbase has been introducing several products and services to bring convenience and ease-of-use to its customers. The company has recently introduced a new system called WalletLink for the Coinbase...Read More
