Archive | March 7, 2018

Cryptocurrency Market Suffers on Binance Hack Fears

Bitcoin sunk beneath the key $10,000 mark to a recent low amidst rumor-mongering of a Binance hack that compromised investor accounts. Nothing Was Hacked Rumors that apparently began with a Reddit thread questioning whether Binance customers where being hacked spread across the net resulting in an overall drop in the cryptomarket. It may have all started with […]

Ripple Price Technical Analysis – XRP/USD Declines Below $0.8500

Key Highlights Ripple price fell sharply and declined below the $0.8500 and $0.8200 support levels against the US dollar. There is a major bearish trend line forming with resistance near $0.8600 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair remains in a bearish zone and it may decline further […]

Bots Blamed for Binance Bug That Leaves Traders Reeling

Binance has found itself at the center of an unusual trading bug that has created big winners and losers. In a matter of minutes, viacoin pumped by 70x. Just to compound the drama, bitcoin experienced a massive sell-off shortly afterwards following bearish news from the SEC. Binance suspended withdrawals while it investigated the matter, but […]

Bitcoin Takes a Dip as SEC Demands Exchanges to Register

In the ongoing saga of how U.S. regulators will ultimately handle cryptocurrency the SEC yesterday said it will require digital asset exchanges to register causing Bitcoin to dip below $10,000. Cryptocurrency  Defined as Securities The SEC released a statement that said online platforms trading in digital assets are considered securities under existing guidelines and therefore must register […]

Bitcoin slumps further as Japan and SEC revive regulatory concerns – slumps further as Japan and SEC revive regulatory slumped for a third day amid fears of a regulatory clampdown on cryptocurrency exchanges in Japan and the US, the world’s most active markets for digital assets. The biggest virtual currency declined more than 3 percent in early Asia trading …and more »

Bitcoin to top US$29000 by year’s end while ethereum may more than triple, survey finds – South China Morning Post

South China Morning PostBitcoin to top US$29000 by year’s end while ethereum may more than triple, survey findsSouth China Morning PostThe cryptocurrency ethereum is likely to see a bigger increase in market capitalisation than bitcoin by the end of this year, a market survey has found. Consumer product and services comparison website Finder’s survey of […]

Bitcoin Cash Price Technical Analysis – BCH/USD Declines Sharply

Key Points Bitcoin cash price extended declines and moved below the $1,100 support against the US Dollar. There is a new connecting bearish trend line forming with resistance at $1.110 on the hourly chart of BCH/USD (data feed from SimpleFX). The pair is likely to extend declines and it could even break the $1,000 level […]

Bitcoin Price Technical Analysis for 03/08/2018 – Bears Fighting Back!

Bitcoin Price Key Highlights Bitcoin price has moved closer to testing the neckline of its double top pattern highlighted earlier. A break below this support zone could push price by around $2,000 lower or the same height as the chart formation. Technical indicators are also hinting at a potential pickup in bearish momentum. Bitcoin price […]

From ‘Attack’ to ‘Optimization’ — Slush Pool Reveals ASIC Boost Compatibility

Back in the spring of 2017, the discussion of a technology called ‘ASIC Boost’ was a very hot debate amongst bitcoin proponents. Bitcoin core (BTC) supporters were extremely upset with the firm Bitmain Technologies and its owner Jihan Wu for allegedly using ASIC Boost covertly, even though the company denied it. Now according to reports […]

Сryptocurrency wallet Rahakott has added two more currencies: Bitcoin Cash and Litecoin

The cryptocurrency wallet Rahakott was launched at  November 2017. Now you can use three cryptocurrencies: Bitcoin, Bitcoin Cash and Litecoin. Rahakott is a cryptocurrency wallet that allows anyone to send or receive digital currencies and to monitor their balance. The success of Rahakot is explained by serious work in three directions: high level of usability, […]