Day: July 27, 2017

Hello and welcome to News BTC’s Market Outlook July 28. DASH/USD DASH continues to be choppy, but I believe that there is a significant amount of support below, especially near the $180 level. As we consolidate, it’s likely that people were accumulating larger positions, as it gives them an opportunity to pick up DASH on … Continue reading DASH/USD and LTC/USD Technical Analysis July 28, 2017

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Hello and welcome to News BTC’s Market Outlook July 28. ETH/USD Ethereum did very little during the day again on Thursday as we are essentially sitting at the $203 level. The market looks like it is trying to form a bit of a base, and I believe that we could bounce from here, forming a … Continue reading ETH/USD and ETH/BTC Technical Analysis July 28, 2017

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Hello and welcome to News BTC’s Market Outlook July 28. BTC/USD Bitcoin had a slightly positive session on Thursday, as we continue to try to find our footing in this market. A break above the $2600 level should send this market looking towards the $2800 level. Above there, there is still a significant amount of … Continue reading BTC/USD and BTC/JPY Technical Analysis July 28, 2017

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On July 23, 2017 Bitcoin ecosystem made the first step towards SegWit adoption by activating BIP91 protocol. Miners, developers and users are thrilled, waiting for UASF activation as known as BIP148, on August 1, 2017. It might lead to the hard fork. Leading cryptocurrency exchange HitBTC has published the official statement: HitBTC stands for SegWit activation. … Continue reading HitBTC’s statement on Bitcoin Network potential fork

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Key Highlights ETH price remained in a tiny range above $195 against the US Dollar with no major sign of an upside break. Yesterday’s short-term contracting triangle pattern with current resistance at $202 on the hourly chart of ETH/USD (data feed via SimpleFX) is still intact. On the upside, the 100 hourly simple moving average … Continue reading Ethereum Price Technical Analysis – Can ETH/USD Make It?

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Bitcoin has been on a rollercoaster ride over the past 10 days with multiple deep retracements following almost complete recovery. Price continues to flirt with a new all time high above $3000.

In addition, Bitcoin has a chance to break its previous all time high in market capitalization, above $50.4 billion.

Key Highlights Ethereum classic price declined below $15.00 recently and failed to gain momentum against the US Dollar. There is a major bearish trend line with resistance near $14.80-15.00 forming on the hourly chart of ETC/USD (Data feed via Kraken). The $15.00 resistance is also near the 100 hourly simple moving average, which is a … Continue reading Ethereum Classic Price Technical Analysis – Can ETC/USD Recover?

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Coinbase issues warning to users – move BTC if you wish to use BCC.

Key Highlights Creditbit price remained above a short-term support area at 0.000158BTC against Bitcoin. There is a range pattern forming with resistance near 0.000168TC on the 7-day chart of CRB/BTC (data feed from Coinmarketcap). On the downside, the range support is around the 0.000158BTC level, acting as a barrier for declines. Creditbit price started trading … Continue reading Creditbit Price Technical Analysis – CRB/BTC Range Trading

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Bitcoin price found support at the mid-range area of interest and is setting its sights back on its all-time highs.

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Liqui.io is a cryptocurrency exchange based out of Kiev, Ukraine. Earlier today, users reported a Ukranian IP had logged in and emptied their accounts. The reports came from the ethtrader subreddit and from the exchange’s trollbox. According to the exchange, someone is trying to brute force users’ accounts and 2FA should be activated immediately.

A few hours after a user posted a reddit thread claiming 3.5 Bitcoins have just disappeared from his Liqui account, the exchange posted the following tweet:

REMINDER: It is imperative to use unique passwords and 2FA for all services.

— Liqui (@Liqui_Exchange) July 27, 2017

According to this tweet, it doesn’t seem that the exchange operators believe their platform was hacked. However, half a dozen more users confirmed the allegations and specified that login attempts have been made from a Ukranian IP (109.86.17.145). One user said:

“Don’t hold anything in my liqui account but just logged in and see there were several failed login attempts yesterday from 109.86.17.145 (Ukraine) and several more attempts earlier in July, starting July 1st from IPs in Brazil & Vietnam. 9 failed login attempts in total, none of them from me. I have 2FA enabled so looks like it has saved my bacon.” –jesusthatsgreat

Another user found an abuse mailbox for that ip range, which is [email protected]. So if you have a Liqui.io account and noticed failed or successful logins from that IP address it would be a good idea to send an email to the above address.

If the perpetrator was smart enough, he used a VPN. However, if the criminal cracked users’ accounts from his home IP address, it is only a matter of time until his identity is revealed. Because the IP address used to login happened to be located in the same city / country as the exchange, many speculate that it may be an inside job. Taking one quick look at Liqui’s trollbox, it is evident that users are displeased with the situation.

It looks like, this was an attack targeted at the exchange. According to Andrew from Liqui:

“Someone trying to brute force users accounts. Usual routine for every exchange. Users should use unique passwords and enabled 2fa.”

While the platform should have had anti brute force countermeasures in place, it is also the users’ responsibility to secure their accounts with 2FA, especially if they hold significant balances. However, hindsight is always 20/20, so if you haven’t yet make sure to turn on 2FA.

As previously covered by CCN, quantum computers are moving closer to reality and along with them, the possibility of those behind them breaking bitcoin’s encryption systems. Various organizations, including Google, the CIA, NSA, and IBM are currently working on this type of technology, which may be closer than we think.

U.K. cybersecurity firm Post Quantum co-founder Andersen Cheng has in the past stated that bitcoin will end the day the first quantum computer arrives, as it will undermine the cryptography surrounding bitcoin and calculating a private key in “a minute or two”.

Moreover, last year the European Commission announced a whopping $1.1 billion project that was to bring the ‘quantum revolution’ one step closer to reality. Bitcoin’s scaling debate has proven that whenever consensus is required, the cryptocurrency struggles and, to solve the encryption’s problems and add quantum-proof technology to the network, community consensus will be required.

For cryptocurrency enthusiasts the solution is Droplex, a highly secure cryptocurrency blockchain providing users protection against quantum computing attacks.

Don’t let anyone access your bitcoins

Given the belief that organizations behind quantum computers will in the future be able to access anyone’s bitcoins, Droplex developed a solution to keep our money ours, away from the government.

Its highly secure blockchain doesn’t utilize traditional encryption methods, but what is known as hash-based signatures, known to resist quantum computer attacks. The project’s lead developer stated:

• Our goal is to create a secured decentralized cryptocurrency that is prepared for the future advances in technology and will remain stable and unbreachable in the long-term

Moreover, Droplex keeps user privacy in mind, and as such features a tumbling service that ensures every transaction is automatically tumbled, making it untraceable, despite being on a public blockchain. The project’s developer stated:

• ”Bitcoin transactions today are too easy to track down, so you’re not really hidden even when paying with bitcoin.”

Transactions are confirmed in no time after they’re sent, meaning long waiting periods aren’t a problem. Finally, Droplex’s team tirelessly works on the project and guarantees it keeps on evolving, to keep up with technology that could potentially undermine it.

Join the project

Droplex’s early access token save is already undergoing. It will last until July 28 and in it users will be able to purchase 1,000 DROP tokens for 1 Ether. Users who join the project now will be able to benefit from a 15% bonus on their orders and pay using bitcoin. The minimum amount a user can purchase is of 100 DROP, equivalent to 0.1 Eth or about 0.01 BTC. During the presale a total of 10,000,000 tokens are being distributed, out of a total of 30,000,000, with the rest being distributed during the ICO.

According to the project’s roadmap, a private testnet is going to be released next month, and in November this year, a quantum attack is going to be simulated, following the ICO in September. You can keep up with the project’s developments via Twitter, Facebook, or Github. Users are advised to thoroughly read the project’s whitepaper.

Disclaimer: This is a sponsored press release and does not necessarily reflect the opinions of any The Merkle employees. This is not investment or trading advice, always do your own independent research.

The U.S. Securities and Exchange Commission (SEC) recently issued a report of its investigation on The DAO. The record-setting Initial Coin Offering (ICO) launched in June 2016, and quickly lost a third of its assets to a hacker. The purpose given for the report is “to stress that the U.S. federal securities law may apply to various activities, including distributed ledger technology.” The report cautions market participants that offer and sell digital assets, including through ICOs and ‘Token Sales’ are subject to the requirements of the federal securities law.