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Universities respond to acute crypto skills shortage

With a recent Deloitte survey identifying a shortage of crypto skilled staff as contributing to industry’s slow uptake of blockchain solutions, a new report from Coinbase comes as welcome news 

With a recent Deloitte survey identifying a shortage of crypto skilled staff as contributing to industry’s slow uptake of blockchain solutions, a new report from Coinbase comes as welcome news 

Ripple Price Analysis: XRP/USD Continues To Grind Lower

Key Highlights Ripple price declined steadily and broke the $0.3350 support area against the US dollar. Yesterday’s highlighted major declining channel is intact with resistance at $0.3340 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair is likely extend the current decline towards the $0.3260 and $0.3220 levels in the

The post Ripple Price Analysis: XRP/USD Continues To Grind Lower appeared first on NewsBTC.

Key Highlights

  • Ripple price declined steadily and broke the $0.3350 support area against the US dollar.
  • Yesterday’s highlighted major declining channel is intact with resistance at $0.3340 on the hourly chart of the XRP/USD pair (data source from Kraken).
  • The pair is likely extend the current decline towards the $0.3260 and $0.3220 levels in the near term.

Ripple price is trading lower against the US Dollar and Bitcoin. XRP/USD could drop further as long as the price is below the $0.3400 resistance.

Ripple Price Resistance

In the past two analysis, we discussed about a steady decline towards $0.3200 in Ripple price against the US Dollar. The XRP/USD pair remained in a bearish zone and the pair recently broke the $0.3400 and $0.3350 support levels. There was also a break below the 76.4% Fib retracement level of the last leg from the $0.3273 low to $0.3530 high. It is now trading well below the $0.3400 resistance and the 100 hourly simple moving average.

It seems like the price may soon test the last swing low of $0.3273 in the near term. Below this, the next support is near the $0.3220 level. Moreover, the price could even test the 1.236 Fib extension level of the last leg from the $0.3273 low to $0.3530 high at $0.3213. Finally, the most important support is aligned near the $0.3200 level. On the upside, an initial resistance is near the $0.3320 level. Furthermore, yesterday’s highlighted major declining channel is intact with resistance at $0.3340 on the hourly chart of the XRP/USD pair. Above the channel resistance, the next hurdle for buyers is near $0.3380 and the 100 hourly SMA.

Ripple Price Analysis XRP USD

Looking at the chart, ripple price is likely to decline further towards the $0.3270 and 0.3220 levels in the near term as long as it is below $0.3400.

Looking at the technical indicators:

Hourly MACD – The MACD for XRP/USD is currently in the bearish zone.

Hourly RSI (Relative Strength Index) – The RSI for XRP/USD is below the 40 level.

Major Support Level – $0.3220

Major Resistance Level – $0.3380

The post Ripple Price Analysis: XRP/USD Continues To Grind Lower appeared first on NewsBTC.

Canadian Ghost Town Gambles on Bitcoin for a New Chance at Life – Bitcoinist


Bitcoinist

Canadian Ghost Town Gambles on Bitcoin for a New Chance at Life
Bitcoinist
With a population of fewer than 100 people, the small Canadian mill town of Ocean Falls sits dormant in British Colombia. Some think the Bitcoin mining boom could help reverse their economic fortunes.
Canada’s Ocean Falls Turns to Bitcoin Mining to Breathe Life into Rural TownnewsBTC
Amid cryptocurrency crash, a Canadian ghost town takes a chance on BitcoinFinancial Post

all 4 news articles »


Bitcoinist

Canadian Ghost Town Gambles on Bitcoin for a New Chance at Life
Bitcoinist
With a population of fewer than 100 people, the small Canadian mill town of Ocean Falls sits dormant in British Colombia. Some think the Bitcoin mining boom could help reverse their economic fortunes.
Canada's Ocean Falls Turns to Bitcoin Mining to Breathe Life into Rural TownnewsBTC
Amid cryptocurrency crash, a Canadian ghost town takes a chance on BitcoinFinancial Post

all 4 news articles »

Hackers Breach MEGA Chrome Extension To Steal Crypto Private Keys

Modern technologies, such as the internet, smartphones, and blockchain, are often touted as world-changing innovations, and while this may be the case, there are still glaring problems with the security of digital systems. MEGA Falls Victim To Cybersecurity Breach On Tuesday morning, concerned individuals across the web took to social media to reveal that malicious code

The post Hackers Breach MEGA Chrome Extension To Steal Crypto Private Keys appeared first on NewsBTC.

Modern technologies, such as the internet, smartphones, and blockchain, are often touted as world-changing innovations, and while this may be the case, there are still glaring problems with the security of digital systems.

MEGA Falls Victim To Cybersecurity Breach

On Tuesday morning, concerned individuals across the web took to social media to reveal that malicious code had taken the place of MEGA’s chrome extension, which has been downloaded tens of millions of times across the globe. Some claimed that the updated code allowed the extension to gather sensitive data from popular websites across the internet.

At first, many believed that this hack only affected popular websites, like Google and Facebook, but upon further analysis, cybersecurity experts noted that the updated MEGA extension could grab sensitive data from crypto-related sites as well.

Ricardo Spagni, a well-known Monero developer, backed up this claim, telling his followers that Monero and Ethereum private keys could be stolen via the combination of MEGA Chrome (version 3.39.4 specifically) and the MyMonero and/or MyEtherWallet storage solutions.

The apparent hack was later corroborated by ZDNet, who released an in-depth report on the situation a few hours after the news originally broke. Citing analysis of the source code of the hacked MEGA extension, the technology publication stated that Amazon, Google, Microsoft, Github, MyEtherWallet, MyMonero, And IDEX were all affected by the cybersecurity breach.

The code could reportedly record usernames, passwords and other sensitive credentials that could be later used by hackers to wreak on the digital lives of victims. After gathering data, the extension would then send all of the sensitive information to a server located in Ukraine.

Although MEGA, a popular cloud storage solution founded by Kim Dotcom, he has yet to comment on this situation, Google employees have since taken action by removing the extension from the Chrome Store and also temporarily disabling the extension for users who already have it installed.

It is important to note that those using the MEGA Firefox add-on were not affected in this breach, which indicates that MEGA’s Chrome developer account was likely phished, leading to the attack on Tuesday morning.

Hackers Turn To Extensions As A Viable Method To Falsely Garner Crypto

As the blockchains backing popular cryptocurrencies are nigh impossible to crack, ingenious hackers have sought alternative methods to get their hands on consumer crypto assets, with extension hacking becoming a common occurrence. The hack of the MEGA extension comes only months after NewsBTC reported that Hola, a popular VPN extension, fell victim to a similar hack in July.

In a similar situation, hackers were able to hijack the account behind the Hola extension to phish Ethereum private keys by redirecting MEW users to a hacker-owned website.

The full extent of both the MEGA and Hola attacks are still unclear, but as many forward-thinking cryptocurrency investors say, “a hardware wallet is the most secure way to store your crypto holdings.”

Featured Image from Shutterstock

The post Hackers Breach MEGA Chrome Extension To Steal Crypto Private Keys appeared first on NewsBTC.

Ethereum Price Analysis: ETH/USD Moving Lower Within Range

Key Highlights ETH price failed to gain traction above $292-295 and declined recently against the US Dollar. This week’s followed important bearish trend line is still in place with resistance near $288 on the hourly chart of ETH/USD (data feed via Kraken). The pair has to break the $288 and $290 resistance levels to gain

The post Ethereum Price Analysis: ETH/USD Moving Lower Within Range appeared first on NewsBTC.

Key Highlights

  • ETH price failed to gain traction above $292-295 and declined recently against the US Dollar.
  • This week’s followed important bearish trend line is still in place with resistance near $288 on the hourly chart of ETH/USD (data feed via Kraken).
  • The pair has to break the $288 and $290 resistance levels to gain momentum in the near term.

Ethereum price is facing crucial hurdles against the US Dollar and bitcoin. ETH/USD buyers must gain traction above $290 to push the price higher.

Ethereum Price Resistance

There were many attempts by ETH price to clear resistances like $292 and $290 against the US Dollar. However, the ETH/USD pair failed to gain bullish momentum and it slowly moved down. It broke the $284 support recently and spiked towards the $277 level. A low was formed at $277.97 before the price made a nice recovery. It moved above the 23.6% Fib retracement level of the last decline from the $302 high to $277 low.

However, the price faced a strong resistance near the $291 level and the 100 hourly simple moving average. Furthermore, the 50% Fib retracement level of the last decline from the $302 high to $277 low also prevented gains. More importantly, this week’s followed important bearish trend line is still in place with resistance near $288 on the hourly chart of ETH/USD. As long as the price is below the trend line and the $290 level, it could continue to move down. If there is an upside break above $288-290, the price is likely to climb above the $295 level in the near term.

Ethereum Price Analysis ETH USD

Looking at the chart, ETH price is clearly facing a strong resistance near the trend line, $288, and the 100 hourly SMA. On the downside, the $281 level is an initial support, followed by the recent swing low of $277.

Hourly MACD – The MACD is currently placed in the bearish zone.

Hourly RSI – The RSI is currently below the 50 level.

Major Support Level – $281

Major Resistance Level – $288

The post Ethereum Price Analysis: ETH/USD Moving Lower Within Range appeared first on NewsBTC.

Bitcoin News Radio Show, 3rd September 2018

Listen to the 3 September 2018 Bitcoin News Radio Show below. On this episode of the Bitcoin News daily radio show, we discuss how masternodes are a great way to make crypto profits, and how Charlie Shrem says you should hold Bitcoin investments for at least five years. Hear about how Naples, Italy is probably going …

The post Bitcoin News Radio Show, 3rd September 2018 appeared first on BitcoinNews.com.

Listen to the 3 September 2018 Bitcoin News Radio Show below.

On this episode of the Bitcoin News daily radio show, we discuss how masternodes are a great way to make crypto profits, and how Charlie Shrem says you should hold Bitcoin investments for at least five years. Hear about how Naples, Italy is probably going to launch its own cryptocurrency. Learn about the USD 800 million Bitcoin wallet that became active after four years of being dormant.

Follow the Bitcoin News Radio Show on AnchoriTunesSpotifyGoogle PodcastsStitcherRadio PublicPocket CastsOvercastCastbox, and Breaker. We broadcast a new episode every day, covering the most important topics in the crypto, Bitcoin, and blockchain world!

 

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Image Courtesy: Zachary, Bitcoin News

The post Bitcoin News Radio Show, 3rd September 2018 appeared first on BitcoinNews.com.

Bitcoin Adoption Is Getting A Massive Lightning Network Boost – Forbes

ForbesBitcoin Adoption Is Getting A Massive Lightning Network BoostForbesBitcoin adoption is about to take another step forward with the Lightning Network today getting a boost from payment processing startup CoinGate — which is adding all 4,000 of its…


Forbes

Bitcoin Adoption Is Getting A Massive Lightning Network Boost
Forbes
Bitcoin adoption is about to take another step forward with the Lightning Network today getting a boost from payment processing startup CoinGate — which is adding all 4,000 of its merchants to the off-chain system. Those CoinGate merchants which will ...

and more »

Ethereum (ETH) Price Watch: Back in Consolidation After Rejection at $300

Ethereum Price Key Highlights Ethereum price recently broke out of a small symmetrical triangle but has slumped back in consolidation. A larger symmetrical triangle has formed and is still intact while price tests support. Technical indicators suggest that the floor might still hold, but bullish pressure seems to be fading. Ethereum recently attempted to break

The post Ethereum (ETH) Price Watch: Back in Consolidation After Rejection at $300 appeared first on NewsBTC.

Ethereum Price Key Highlights

  • Ethereum price recently broke out of a small symmetrical triangle but has slumped back in consolidation.
  • A larger symmetrical triangle has formed and is still intact while price tests support.
  • Technical indicators suggest that the floor might still hold, but bullish pressure seems to be fading.

Ethereum recently attempted to break past the $300 mark after a triangle breakout, but it has slumped back to consolidation.

Technical Indicators Signals

The 100 SMA is above the longer-term 200 SMA on this time frame to signal that the path of least resistance is to the upside. This suggests that support is more likely to hold than to break.

However, the gap between the indicators is pretty narrow so there could still be a chance of a bearish crossover and downside break. In that case, ethereum could fall by the same height as the chart pattern, which spans $250 to $330.

RSI appears to be crawling lower to indicate that selling pressure is present while stochastic is also pointing down so ethereum price might follow suit. A bounce could still happen and lead to a test of the triangle top at $300, though.

ETH/USD Chart from TradingView

ETH/USD Chart from TradingView

Ethereum has been under pressure due to speculations of a pickup in bearish positioning with the pending launch of futures on CBOE. Many point to the massive slide in bitcoin after futures were launched by CME and CBOE late last year, predicting that ethereum could suffer the same fate.

Besides, the Satis ICO research group forecast for ethereum wasn’t nearly as bullish as that for bitcoin, so it’s understandable that traders may be moving their holdings out of this digital asset. Note that ethereum is still reeling from the sharp August drop, which is being pinned on ICOs cashing out earlier on.

The post Ethereum (ETH) Price Watch: Back in Consolidation After Rejection at $300 appeared first on NewsBTC.

Bitcoin Cash Price Analysis: BCH/USD Consolidating Above $600

Key Points Bitcoin cash price remained in a tight range above the $600 barrier against the US Dollar. There is a major bearish trend line in place with resistance at $648 on the hourly chart of the BCH/USD pair (data feed from Kraken). The pair is forming a solid support on the downside near the

The post Bitcoin Cash Price Analysis: BCH/USD Consolidating Above $600 appeared first on NewsBTC.

Key Points

  • Bitcoin cash price remained in a tight range above the $600 barrier against the US Dollar.
  • There is a major bearish trend line in place with resistance at $648 on the hourly chart of the BCH/USD pair (data feed from Kraken).
  • The pair is forming a solid support on the downside near the $605-615 zone.

Bitcoin cash price stayed above the $600 support against the US Dollar. BCH/USD must surpass the $645-650 zone for more upsides in the near term.

Bitcoin Cash Price Resistance

There was no major move above $650 in bitcoin cash price against the US Dollar. The BCH/USD pair remained in a tight range above the $610 level during the past three sessions. There was a dip below the $630 level on a few occasions, but the $625 level acted as a support and prevented losses. Having said that the price is now well below the 23.6% Fib retracement level of the last wave from the $549 swing low to $660 high.

On the downside, the $625 level is an initial support and it coincides with the 100 hourly simple moving average. Below $625, the price could test the $605 support zone. It represents the 50% Fib retracement level of the last wave from the $549 swing low to $660 high. Should the price fail to stay above the $600-605 support, it could slide back towards the $550 level. On the upside, there is a major bearish trend line in place with resistance at $648 on the hourly chart of the BCH/USD pair.

Bitcoin Cash Price Analysis BCH USD

Looking at the chart, BCH price is clearly trading in a range above the $600-605 zone. Once there is a break above the $645-6540 zone, there could be a decent rally towards $680 and $700.

Looking at the technical indicators:

Hourly MACD – The MACD for BCH/USD is currently in the bearish zone.

Hourly RSI (Relative Strength Index) – The RSI for BCH/USD has moved below the 50 level.

Major Support Level – $605

Major Resistance Level – $645

The post Bitcoin Cash Price Analysis: BCH/USD Consolidating Above $600 appeared first on NewsBTC.

Bitcoin (BTC) Price Watch: Will Resistance Hold or Fold?

Bitcoin Price Key Highlights Bitcoin price has been on a steady climb recently and is closing in on a nearby resistance level. Price is still trading inside a falling wedge pattern on its daily chart and is about to test resistance around $7,500. Technical indicators suggest further bearish pressure, but there are some signs of

The post Bitcoin (BTC) Price Watch: Will Resistance Hold or Fold? appeared first on NewsBTC.

Bitcoin Price Key Highlights

  • Bitcoin price has been on a steady climb recently and is closing in on a nearby resistance level.
  • Price is still trading inside a falling wedge pattern on its daily chart and is about to test resistance around $7,500.
  • Technical indicators suggest further bearish pressure, but there are some signs of bullish momentum.

Bitcoin price is gearing up to test the top of its daily falling wedge, and technical indicators suggest that bears could return here.

Technical Indicators Signals

The 100 SMA is below the longer-term 200 SMA to indicate that the path of least resistance is to the downside. In other words, there’s a stronger chance for the selloff to resume than to reverse. The gap between the moving averages is pretty steady so there seems to be no threat of a crossover just yet.

Price has also moved past the 100 SMA dynamic inflection point to signal stronger bullish pressure and may be gearing up for a test of the next dynamic resistance at the 200 SMA next. This would be close to the $8,000 major psychological mark, which may contain some take-profit orders.

BTC/USD Chart from TradingView

BTC/USD Chart from TradingView

RSI is heading higher but is already hovering around overbought levels to signal bullish exhaustion. Similarly stochastic is in the overbought region to indicate that buyers might take a break. Turning lower could bring selling pressure back in and lead to another drop to the wedge support or just the 100 SMA dynamic support.

Bitcoin has gotten a strong boost from bullish market forecasts, with the pickup in momentum foreseen to sustain the highly-anticipated rebound for the year. Keep in mind, though, that traders are still on edge when it comes to the bitcoin ETF ruling from the SEC due later this month. Approval could lead to another leg higher for the cryptocurrency while rejection might lead to dips.

The post Bitcoin (BTC) Price Watch: Will Resistance Hold or Fold? appeared first on NewsBTC.

42 Blockchain Experts Being Trained in South Korea

The next generation of blockchain experts are soon to be trained in South Korea through a new three-way partnership between the Ministry of Technology and ICT, the Korean Standards Association (KSA) and a Hong-Kong based blockchain and Internet of Things (IoT) startup called Waltonchain. Creating experts As reported by a local media outlet KI News, …

The post 42 Blockchain Experts Being Trained in South Korea appeared first on BitcoinNews.com.

The next generation of blockchain experts are soon to be trained in South Korea through a new three-way partnership between the Ministry of Technology and ICT, the Korean Standards Association (KSA) and a Hong-Kong based blockchain and Internet of Things (IoT) startup called Waltonchain.

Creating experts

As reported by a local media outlet KI News, there are just over 40 participants presently being trained in the field and will be ready for immediate employment when they complete the course in 2019.

Wang Sang Hyeong, secretary general of Waltonchain said, “We will provide a one-stop support for employment and business startups as well as education for the professional training of employees, and we will strengthen the building of a healthy blockchain ecosystem.”

The intensive training course will run for six months, requiring the selected students to spend eight hours a day studying; it is a part of the governments “blockchain technology development strategy”, which is reported to see at least KRW 100 billion spent over the next decade to boost the blockchain industry in South Korea.

It signifies a broader scope of vision for the pro-blockchain nation that is wrestling certain facets of the technology, especially regarding the regulation of cryptocurrencies and the presently banned but up-for-debate issue of initial coin offerings (ICOs).

South Korea presently has in place a gigantic fund that focuses on the long-term prospects of fostering technological advancements in all aspects.

The “Growth through Innovation Investment Plan” will see USD 4.4 billion spent on new technologies and innovative industries in 2019, further to this, over the next five years, approximately double that will also be invested into these new technologies.

The next generations

The youth in South Korea are also benefiting from the government’s bullish approach to blockchain. In mid-August, it was reported that another six-month training program was to take place, which is made up of 40 courses including blockchain development among other emerging technologies.

Universities, governments and other institutions are clamoring to educate the next generation of blockchain innovators and entrepreneurs. According to a recent survey published by US-based cryptocurrency exchange Coinbase, 42% of the world’s top 50 universities are offering one course of more that relates to cryptocurrency or blockchain technology.

Blockchain-hub Malta also made recent news with the announcement of an EUR 300,000 blockchain scholarship, which has come from a partnership between the University of Malta and the Malta Information Technology Agency (MITA).

The fund will be available for students specializing in ICT, law, finance and engineering who are looking to state blockchain related Masters and PhD research dissertations.

Efforts to educate on scales such as these reflect the global sentiment toward blockchain and cryptocurrencies; the mood is shifting ever more in favor of the tech at all levels of society and institutionally backed education will only prove to secure its position in the coming future.

 

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