Day: September 13, 2018

Bitcoin Price Stabilizes Above $6,400 While All Crypto Market Is Green Today

boss

The crypto market has recently suffered a drastic sell-off of upwards of 20%, but now it is more or less stable. Bitcoin, the leading cryptocurrency, has found some semblance support at the $6,300 range. Since last Thursday, the number one digital coin has gained over 1% and is steadily recovering from the recent lows reached at $6,116 on September 8.  At the moment of writing, Bitcoin price makes up $6,408.83, which is up 2.03% in the past 24 hours. Other currencies have also been faring well. In the last 24 hours, Ethereum and…

Bitcoin Price Watch: BTC/USD’s Resistance Turned Support at $6,320

boss

Key Points Bitcoin price climbed higher and broke the $6,320 and $6,380 resistance levels against the US Dollar. There was a break above a major contracting triangle with resistance at $6,330 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair is currently correcting lower and the previous resistance at $6,320 may holds declines. Bitcoin price made a nice upside move above $6,320 against the US Dollar. BTC/USD tested the $6,450 resistance zone and it is currently correcting lower. Bitcoin Price Analysis During the past few…

Dead Cat Bounce? Ethereum Price Surges 9% Amidst Crypto Market Recovery

boss

The crypto market has demonstrated a short-term corrective rally in the past 24 hours, after major assets like Ethereum showed strong oversold conditions. ETH, the native cryptocurrency of the Ethereum blockchain network, has been on an intensified downtrend since June, performing especially poorly against Bitcoin. On September 13, ETH has shown resilience in the sub-$200 region, rebounding to $188 by recording a solid 9 percent increase in price. The recovery of Ethereum led to the price surge of tokens, enabling Decentraland (MANA), VeChain (VET), WanChain (WAN), Aion (AION), ICON (ICX),…

Ethereum Classic Price Analysis: ETC/USD in Downtrend Below $11.20

boss

Key Highlights Ethereum classic price is under pressure below the $11.20 and $11.40 resistances against the US dollar. There is a declining channel in place with resistance at $11.00 on the hourly chart of the ETC/USD pair (Data feed via Kraken). The pair remains at a risk of more declines as long as it is below the $11.00 and $11.20 resistances. Ethereum classic price recently found support against the US Dollar and Bitcoin. ETC/USD is recovering, but upsides could be capped by $11.00 and $11.20. Ethereum Classic Price Resistance There…

Ripple Price Analysis: XRP/USD Upsides Could be Capped Near $0.2900

boss

Key Highlights Ripple price started a short-term upward move towards the $0.2700 resistance area against the US dollar. Yesterday’s highlighted two bearish trend lines with resistance at $0.2600 and $0.2690 were breached on the hourly chart of the XRP/USD pair (data source from Kraken). The pair is correcting higher, but it is likely to face a lot of hurdles near $0.2750, $0.2800 and $0.2900. Ripple price has recovered a few points against the US Dollar and Bitcoin. XRP/USD is likely to face a strong resistance near the $0.2900 level. Ripple…

New Exploit Could Give Hackers Access to Even Your Encrypted Data

boss

New Exploit Could Give Hackers Access to Even Your Encrypted Data September 13, 2018 by Jon Southurst Computers running Windows and most Macs are vulnerable to a new firmware exploit that can retrieve data even from powered-off systems with disk encryption, says security research firm F-Secure. And there may not be much software vendors can do to fix it on existing machines. Also see: Brave Joins Formal Privacy Complaints Against Google, Others Subscribe to the Bitsonline YouTube channel for great videos featuring industry insiders & experts Exploit Could Target ‘Nearly All’ Laptops…

Indian Government Approves Bank’s Blockchain Research

boss

The Republic of India may be taking a deeper look at how it can use blockchain technology. India’s Union Cabinet – an executive decision-making body composed of senior government officials and led by Prime Minister Narendra Modi – said it would allow the nation’s Export-Import Bank (Exim Bank) to conduct research on distributed ledger and blockchain technology in partnership with banks in the BRICS economic bloc, of which India is a member, alongside Brazil, Russia, China and South Africa. The approval is ex-post facto, meaning that Exim Bank has already signed…

Manufacturing Giant Rostec to Manage Data on Waves Blockchain Platform

boss

Rostec, the Russian state-owned manufacturing conglomerate, is entering the blockchain fray. The corporation, which holds stakes in 700 industrial entities in Russia, is working with the Waves platform to develop a blockchain system to manage data on its vast holdings, which include the carmakers Autovaz and Kamaz and the firearms manufacturer Kalashnikov. Announced Thursday, Rostec has signed an agreement with Vostok, a startup founded by the Waves platform team. The two partners will invest a combined $2 million to bootstrap the project, but Rostec’s share was not disclosed. Over the next…

John McAfee: Bitcoin [BTC] is “The Number One Coin For Processing Payments”

boss

John McAfee remains true to his vision of Bitcoin (BTC) as the number 1 cryptocurrency in the ecosystem, contradicting opinions that deny its nature as a peer-to-peer electronic cash system. So he stated in conversations with the AMBCrypto team during the CoinsBank Blockchain Cruise. Mr. McAfee is one of the most influential personalities in the cryptocurrency community, his extensive knowledge of the ecosystem as well as his outspoken personality make his opinions to be highly respected despite being controversial in some cases. The possibility of supporting each of his arguments…

Ethereum Price Analysis: Can ETH/USD Extend Recovery Above $200?

boss

Key Highlights ETH price started an upside correction after it found support near $168 against the US Dollar. There was a break above a major declining channel with resistance at $183 on the hourly chart of ETH/USD (data feed via Kraken). The pair is likely to face a strong resistance near the $200 level and the 100 hourly simple moving average. Ethereum price is slowly recovering against the US Dollar and bitcoin. ETH/USD buyers could face a tough challenge near the $190-200 resistance zone. Ethereum Price Resistance Yesterday, we saw…