Day: August 22, 2018

Total Crypto Market Cap Jumps $12 Million in an Hour as BitMEX Pauses Trading

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Crypto markets spiked today, August 21, seeing notable gains amongst the top 100 coins in under an hour, as data from Coin360 shows. Market visualization from Coin360 Total market capitalization of all cryptocurrencies shot up over $12 million in just over an hour to peak at $222.8 million, before dropping slightly to $291.7 million by press time. 1-day chart of the total market capitalization of all cryptocurrencies from CoinMarketCap Bitcoin (BTC) had been trading sideways today around $6,400-$6,500 before seeing a sharp 5 percent spike in the space of just…

Bitcoin Cash Price Analysis: BCH/USD Bounces Sharply, Could Retest $600

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Key Points Bitcoin cash price found a decent support near the $500-510 zone and bounced back against the US Dollar. There was a break above a key bearish trend line with resistance at $545 on the hourly chart of the BCH/USD pair (data feed from Kraken). The pair is gaining momentum and it seems like it could revisit the $600 zone in the near term. Bitcoin cash price formed a base near $500 against the US Dollar. BCH/USD is showing positive signs for a test of the $580 and $600…

Ethereum Scam App Appears on Google Play Store, Malware Researcher Reports

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Android’s Google Play Store has recently become a spot for hosting another reported Ethereum (ETH) scam application, The Next Web reports August 21. Lukas Stefanko, a malware researcher from Slovakia, found a fraudulent “Ethereum” application on Google Play that had been allegedly offered for purchase at price of €335 or around $388, according to The Next Web. In an August 20 tweet, the researcher noted that buying the app is “not the same” as an Ethereum purchase, implying that his recent discovery is a crypto scam intended to defraud users…

When Capitulation? 3 Ways Bitcoin’s Bear Market Might End

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It’s an understatement to say the current price of the world’s largest cryptocurrency pales when compared to its past glories – at $6,700, bitcoin is down roughly 60 percent from its all-time high. That said, market conditions aren’t the same as they have been in years past. Indeed, bitcoin’s 2017 boom has brought new attention, and with it, traders and investors who are left wondering if the asset can ever return to its former glory. Certainly, there’s no shortage of ways to approach the question, but one effective method is to…

When Capitulation? 3 Ways Bitcoin’s Bear Market Might End

boss

It’s an understatement to say the current price of the world’s largest cryptocurrency pales when compared to its past glories – at $6,700, bitcoin is down roughly 60 percent from its all-time high. That said, market conditions aren’t the same as they have been in years past. Indeed, bitcoin’s 2017 boom has brought new attention, and with it, traders and investors who are left wondering if the asset can ever return to its former glory. Certainly, there’s no shortage of ways to approach the question, but one effective method is to…

Vague and Misleading Statements Spotted in Bitmain Investor Deck

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Vague statements in Chinese mining giant Bitmain Technologies’ investor deck ambiguously and potentially misleadingly list investors ahead of its rumored Initial Public Offering (IPO). In a Bitmain pre-IPO investor deck acquired by Cointelegraph, DST Global is listed as an investor, with claims that the investment is “recently completed.”  Henry Wu, a lawyer and legal expert at Chinese law firm L&Y Law Office, spoke with Cointelegraph, explaining that the document’s wording in the original Chinese is left vague. While it is possible to dispute the meaning, to the layperson or an…

Ethereum (ETH) Price Watch: Ready for a Triangle Breakout?

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Ethereum Price Key Highlights Ethereum price has formed lower highs and higher lows to create a symmetrical triangle on the 1-hour chart. Price is testing the top of the triangle and might be due for a bounce. Ethereum is also nearing the peak of the formation, so a breakout in either direction is also a possibility. Ethereum is consolidating inside a symmetrical triangle pattern and is testing the resistance. Technical Indicators Signals The 100 SMA is above the longer-term 200 SMA to indicate that the path of least resistance is…

Chicago Blockchain Leadership Connect Conference and Global Blockchain Hackathon

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Chicago Blockchain Leadership Connect Conference 2018 will be held on Sunday, August 26th at Hyatt Regency Chicago, as part of the Chicago Blockchain Week, hosted by International Data Engineering and Science Association (IDEAS). In 2018, IDEAS organized many major blockchain conferences in Boston, New York and Los Angeles. To continue the nationwide series of blockchain conferences, IDEAS will gather the community once again in Chicago. This will be a perfect opportunity for blockchain enthusiasts to improve their skills and chat with industry leaders. A networking reception will be given after the conference. Conference Registration is still open at https://leaderchicago.eventbrite.com During…

‘Valuable’ Potential Applications of Blockchain in Energy Sector Exist

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The U.S. Senate has held a hearing on the energy efficiency of blockchain and similar technologies, according to an announcement published August 21. The hearing on energy and natural resources, held by the U.S. Senate Committee in Washington, DC, focused on the application of blockchain and related technologies, as well as the cybersecurity possibilities of using such technologies in the energy industry. In particular, the committee considered the issue of the possible increase in electricity prices following the rising power demand in blockchain applications. The hearing also touched on the…

Bitcoin (BTC) Price Watch: Major Consolidation Break!

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Bitcoin Price Key Highlights Bitcoin price recently broke to the upside of its consolidation visible on the 1-hour time frame. This could be indicative of further gains in the cards, although oscillators suggest a slowdown in bullish momentum. The strong upside break is being attributed to the looming SEC deadline for some bitcoin ETFs on August 23. Bitcoin price made a sharp upside break from its short-term consolidation to signal that further rallies are in the cards. Technical Indicators Signals The 100 SMA recently crossed above the longer-term 200 SMA…