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…
Month: September 2018
The Crowd Machine Crypto Token Theft: What We Know So Far
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
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
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
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
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?
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…
Monero Developers Have Patched the ‘Burning Bug’
The developers of open-source cryptocurrency Monero (XMR) have patched a bug that could allow an attacker to “burn” the funds of an organization’s wallet while only losing network transaction fees, according to an announcement published September 25. The bug was reportedly discovered after a community member described a hypothetical attack on the XMR subreddit. The bug could purportedly affect merchants and organizations in the XMR ecosystem, enabling an attacker to trigger significant damage. The blog post further describes how the bug would be exploited: “An attacker first generates a random…
Google will lift the ban on cryptocurrency ads in October
Google will again allow cryptocurrency ads starting in October, ending a ban that was put in place this past June. Ads for cryptocurrency and related products were originally banned by Google in order to mitigate the potential for consumer harm. Now Google has found a way to mitigate harm while still allowing cryptocurrency-related ads, albeit in a limited capacity. Cryptocurrency exchanges in the US and Japan will be allowed to advertise with Google again in October. However, they will need to go through a certification process. Advertisers will be able to apply…
Panel Discusses Token Classification and Compliance for ICOs
More than 45 representatives from major Wall Street firms and crypto companies took part in a meeting to discuss Initial Coin Offering (ICO) and cryptocurrency regulations in Washington D.C. September 25. The “crypto roundtable,” hosted by Congressman Warren Davidson in the last legislative session week before elections, gave a chance for industry representatives to express their concerns regarding possible regulations of the crypto space. Namely, experts told lawmakers that there is a pronounced lack of regulatory clarity for ICOs and digital currencies. Roundtable participants discussed “token taxonomy,” aiming to describe…