Day: July 29, 2018

Tron Price (TRX) Rises Nearly 10% Despite Stagnant Market

boss

The Tron price strengthened against the U.S. Dollar on Sunday, helped by strong fundamentals, while the rest of the cryptocurrency market remained stagnant. Tron Price: Technical Indicators According to the data available on Bitfinex, Tron’s TRX token jumped 8.5% against USD, while other top-tier cryptocurrencies, including bitcoin and ethereum, continued to trend sideways. From the technical point of view, TRX/USD has already crossed above its near and medium-term moving averages, while the pair’s RSI and Stochastic indicators are also indicating a potential upside extension. In the chart below, one can…

Total Market Cap See Slight Decline, Bitcoin Keeps Holding Its Position

boss

Sunday, July 29: crypto markets have seen diverging trends over a 24 hour period, with nine out of the ten top cryptocurrencies by market cap slightly in the green, according to Coinmarketcap. Market visualization from Coin360 Bitcoin (BTC) is slightly up by less than one percent over the past 24 hours and is trading at around $8,206 at press time, with an intraday high of $8,285. The major cryptocurrency reached as high as $8,431 this week, following the crypto market rebound that started in mid-July. Holding the some of the…

Six Tools Used by Hackers to Steal Cryptocurrency: How to Protect Wallets

boss

In the early July, it was reported that Bleeping Computer detected suspicious activity targeted at defrauding 2.3 million Bitcoin wallets, which they found to be under threat of being hacked. The attackers used malware — known as “clipboard hijackers” — which operates in the clipboard and can potentially replace the copied wallet address with one of the attackers. The threat of hacking attacks of this type has been predicted by Kaspersky Lab as early as November of last year, and they did not take long to become reality. For the…

Winklevoss ETF Gets Second SEC Rejection, While Fortune Recognizes Crypto Trailblazers

boss

Coming every Sunday, the Hodler’s Digest will help you to track every single important news story that happened this week. The best (and worst) quotes, adoption and regulation highlights, leading coins, predictions, and much more — a week on Cointelegraph in one link. Top Stories This Week US SEC Rejects Winklevoss Twins ETF, Again, While Commissioner Dissents The U.S. Securities and Exchange Commission (SEC) has again rejected Tyler and Cameron Winklevoss’ application for a Bitcoin exchange-traded fund (ETF). The first rejection came in February 2017, with the SEC citing the…

FX Settlement Provider CLS Begins Final Testing for Blockchain Payment Banking Service

boss

Forex exchange (FX) settlement giant CLS is in the final stages of testing its blockchain payment service for banks, Financial News reported July 27. The service is reportedly set to be launched later this summer, with at least seven banks expected to sign on to the system in the early months. CLS, the New York-based global multi-currency cash settlement system, has been working with tech company IBM to introduce the blockchain-powered payment netting service. The system is set to be incorporated in banking IT systems to boost the level of…

UK Govt. Researches Use of Blockchain Smart Contracts In Law

boss

The UK Law Commission is in the process of codifying the use of smart contracts into British law as part of an ongoing effort to update British law and make it relevant to of the challenges of modern technology. This was revealed in the Commission’s 52nd annual report covering  the period from April 1, 2017 to March 31, 2018. According to the report, a proposal to create an effective legal framework for smart contracts under UK law was part of the Commission’s Thirteenth Programme of Law Reform. ‘Promoting Global Britain’…

Thai Bond Market Association to Incorporate Blockchain Technology

boss

The association announced it’s pushing for a fintech platform using blockchain technology. The new registrar system will cut issuance times in more than half. The Thai Bond Market Association (TBMA) plans to implement a new registrar service platform combining financial technology with blockchain technology. There are ongoing plans to put it to practice during the current year to improve the growth of the secondary market. TBMA Wants To Issue New Bond Certificates in Two Days President Tada Phutthitada of the TBMA wishes to apply to the regulatory sandbox by the…

A Small Crypto Coin Is Making Big Claims About a Private Proof-of-Stake

boss

If any coin is going to fly under the radar, it makes sense for a privacy coin to do so. Spectre (not be confused with a separate project called SPECTRE), created two crypto tokens – the aptly named spectre token and the xspec token – in 2016, but hasn’t received much notice from the crypto community so far. Sure enough, its tokens rank in the 500s according to data provider CoinMarketCap, with a total market capitalization of $5.7 million – paltry by many crypto standards. But that might soon change, as…

Bitcoin Price Weekly Analysis: BTC/USD Could Test $9,000

boss

Key Points Bitcoin price made a nice upside move above the $7,600 and $8,000 resistances against the US Dollar. There is a crucial bullish trend line in place with support at $7,950 on the 4-hours chart of the BTC/USD pair (data feed from Kraken). The pair is placed nicely in a bullish trend above the $8,000 and $7,700 support levels. Bitcoin price completed a correction wave near $7,800 against the US Dollar. BTC/USD is resuming its upside move and it could break the $8,500 high to test $9,000. Bitcoin Price…

Ethereum Price Weekly Analysis: ETH/USD Facing Major Resistance

boss

Key Highlights ETH price is facing a major resistance near the $472-480 levels against the US Dollar. There are two bearish trend lines formed with resistance at $472 on the 4-hours chart of ETH/USD (data feed via Kraken). The pair must break these trend lines and settle above $472-480 to gain upside momentum. Ethereum price is struggling to gain bullish traction versus the US Dollar and Bitcoin. ETH/USD’s current price structure suggests an upside break above $472. Ethereum Price Upside Hurdle This past week, there were many swing moves near…