Day: September 26, 2018

Japan’s FSA Demands Information From Crypto Exchange Zaif Regarding Recent Hack

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Japanese cryptocurrency firm Tech Bureau Corp’s Zaif exchange was hacked mid-month, where digital coin losses amounted to 7 billion yen ($60 million). Today, the country’s financial watchdog has accused the firm of failing to provide details on how thieves hacked the exchange and also for not explaining its delay in reporting the hack itself. Financial Services Agency After Zaif Tuesday, the Financial Services Agency (FSA) issued a business improvement order to the Osaka-based firm ordering it to provide details how the theft occurred, what measures will be put in place…

Another Institutional Trading Platform Ready to Launch Ethereum Futures

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There has been much talk recently about the possibility of Ethereum futures and their impact on crypto markets. That possibility has taken a step closer to reality this week as crypto trading platform LedgerX readies its Ethereum futures products. It may not be time to get too excited yet though, since it was plainly obvious what happened after Bitcoin futures were launched at the end of 2017. Ethereum has been in the doldrums lately, lulling around its lowest price levels for over a year. Giving traders the ability to short…

Ethereum Price Analysis: ETH/USD Sellers In Control Below $224

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Key Highlights ETH price traded further lower and tested the next support at $204 against the US Dollar. There are two bearish trend lines in place with resistance at $220 and $234 on the hourly chart of ETH/USD (data feed via Kraken). The pair has to move back above the $224 and $228 resistances to recover in the short term. Ethereum price is facing an increased selling pressure against the US Dollar and bitcoin. ETH/USD could accelerate losses as long as the price is below $224. Ethereum Price Analysis Yesterday,…

Bitcoin Cash Price Analysis: BCH/USD’s Upsides Capped Near $450

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Key Points Bitcoin cash price is struggling to recover and move back above $445-450 against the US Dollar. There is a key bearish trend line in place with resistance at $445 on the hourly chart of the BCH/USD pair (data feed from Kraken). The pair could continue to move down as long as it is below the $445 and $450 resistances. Bitcoin cash price is facing heavy selling interest below $450 against the US Dollar. BCH/USD could accelerate losses if there is a break below $425. Bitcoin Cash Price Analysis…

The Crowd Machine Crypto Token Theft: What We Know So Far

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Just a few days ago, Crowd Machine was working to build a crypto replacement for Amazon Web Services. Today, it is facing questions about its survival. On Saturday, according to a post by the Crowd Machine team, a hacker compromised the company’s cryptocurrency wallet and stole a large number of the application’s native Crowd Machine Compute Tokens (CMCT). Digging further, according to Etherscan, the thief appears to have made off with over 1 billion CMCT, most of which were then transferred to exchanges. The price of the tokens fell steeply…

The Crowd Machine Crypto Token Theft: What We Know Thus Far

boss

Just a few days ago, Crowd Machine was working to build a crypto replacement for Amazon Web Services. Today, it is facing questions about its survival. On Saturday, according to a post by the Crowd Machine team, a hacker compromised the company’s cryptocurrency wallet and stole a large number of the application’s native Crowd Machine Compute Tokens (CMCT). Digging further, according to Etherscan, the thief appears to have made off with over 1 billion CMCT, most of which were then transferred to exchanges. The price of the tokens fell steeply…

Lightning Tasks Allows you to Earn Bitcoin for Completing Micro Tasks

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Developers have created a new proof of concept website based on Bitcoin’s Lightning Network to showcase how small-scale payments can be completed near instantly. Showcased at the premier bitcoin conference, Baltic Honeybadger 2018 in Latvia, Lightning Tasks allows anyone to earn a few satoshis by completing simple tasks. The official video demo involves the user transcripting text from a picture. Simple Tasks for Satoshis The Lightning Network is one of the most awaited off-chain scaling implementations for the bitcoin network. In the past, the cryptocurrency has been criticized for being…

DLT and AI Task Force Chairman Calls on Government to Tokenize Economy

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Kenyan Distributed Ledgers and Artificial Intelligence task force chairman Bitange Ndemo has said that the government should tokenize the economy, local news outlet The Star reported September 25. The taskforce was established in March by the government of the Republic of Kenya in order to evaluate proposals on how to deploy blockchain technology in the public sector. The working group consists of local blockchain startups, experts, researchers, regulatory bodies, lawyers and other associated parties. Speaking at an Information and Communication Technology Ministry (ICT) stakeholders meeting with the private sector, Ndemo…

Ripple (XRP) Price Watch: More Bulls Joining, Next Upside Targets

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Ripple Price Key Highlights Ripple looks ready to resume its climb after pulling back on its upside breakout. Recall that price busted through a long-term descending channel to signal that a long-term uptrend is in the cards. Price has since found support at the area of interest around the 0.4500 mark and 61.8% Fib. Ripple looks set to resume its climb as bulls defended the area of interest at the 61.8% Fiboancci retracement level. Technical Indicators Signals The 100 SMA just recently completed its bullish crossover from the 200 SMA…

Bitcoin (BTC) Price Watch: Some Hope for Bulls?

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Bitcoin Price Key Highlights Bitcoin price recently formed lower highs and found support at $6,100 to create a descending triangle. Price was rejected on its test of resistance, but bulls seem ready for another attempt to break higher. Bitcoin is forming a short-term ascending channel and is currently testing support. Bitcoin price bounced off its descending triangle top, but bulls might gain more energy on this bounce off the short-term channel. Technical Indicators Signals The 100 SMA is still below the longer-term 200 SMA to indicate that the path of…