Day: November 16, 2018

Bitcoin Scam Compromising Google and Target Accounts Came from Third Party App

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A recent Bitcoin scam on Twitter that compromised several major companies verified accounts came from a third-party app, tech news outlet the Next Web (TNW) reports Friday, Nov. 16, citing social media officials. Speaking to TNW, a Twitter spokesperson confirmed that the attack came from an outside software provider and not from Twitter’s own system. However, the official refrained from naming the app. The spokesperson reportedly explained that the attackers exploited a third-party marketing solution to launch a Bitcoin (BTC) giveaway from several verified accounts, including Google’s G Suite and…

RedCab now listed on Bluebelt Exchange

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RedCab LLC, a decentralized peer-to-peer transportation solution which is powered by blockchain technology is now listed on Tokyo-based Japanese cryptocurrency exchange, Bluebelt. With services geared towards both individuals and enterprises, Bluebelt is regulated within its international markets and boasts consistently quick trade execution, strong wallet protection, and high-level security and maintenance practices. Boasting a research team that has spent around a year gathering information, finding gaps in the market, and assessing the viability of the business, it’s safe to say that RedCab has left no stone unturned. With a minimum…

TRON Launches Accelerator Program for DApp Developers

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Decentralized Internet project TRON (TRX) is launching a $1 million accelerator program to support developers building DApps and products on the TRON protocol, according to a press release shared with Cointelegraph Nov. 16. The initiative aims to facilitate consumer adoption of blockchain technology through TRON’s ecosystem following the recent acquisition of peer-to-peer file sharing service BitTorrent, Project Atlas, and payment service Poppy app. TRON’s protocol currently processes more than one million transactions and 600,000 wallets. The startup will purportedly accept submissions to its accelerator through December, while the winners will…

A BCASH Civil War Might Actually Be Good For Bitcoin – Here’s Why

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The crypto world has seen lots of online exchanges between two rival Bitcoin Cash camps over the last few weeks. However, the real concern is just how much this battle will impact Bitcoin, now that the planned system upgrades or forks have gone live. The Battle Of The Forks On one side, you have Craig Wright with BCH Satoshi Vision, and on the side you have Bitmain’s Jihan Wu and Bitcoin.com’s Roger Ver with BCH ABC. BCHSV is conservative in that it wants to keep the network in its original…

Troubled Waters as Leading Bitcoin Mining Firm Allows IPO Application Elapse

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One of the world’s largest crypto mining firms, Canaan Inc, has announced its application for an initial product offering (IPO) to the Stock Exchange of Hong Kong (HKEX) lapse. The move has also cast a shadow of doubt on what lies in stock for other cryptocurrency equipment makers: Will there be any more surprises, or will one of the remaining two applicants scale through? Canaan Inc Fails to Extend IPO Application Hangzhou-based Canaan along with two other Chinese cryptocurrency mining firms, Ebang and Bitmain, had earlier submitted applications to HKEX,…

Crypto and Oil Market Slumps Are Sign of Approaching ‘Flash Crash’ in Markets

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Analysts from Bank of America Merrill Lynch have said that the crash in cryptocurrency and oil markets are indicators of a looming “flash crash” in markets, Reuters reported Nov. 16. The strategists reportedly suggested that rising volatility across various asset classes and deleveraging, such as that which happened in oil markets over the past weeks, are signs of the evolution of a bear market. On Nov.14, Bitcoin (BTC) price slumped below $5,400, while total market capitalization of all cryptocurrencies dropped as low as $174 billion. The price dive marked a…

Bitcoin, the Evil Spawn – CoinDesk

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Where BCH Stands the Day after the Hard Fork

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Twitter Facebook LinkedIn Yesterday, the Bitcoin Cash network activated its second scheduled semi-annual hard fork since the cryptocurrency split away from the original Bitcoin blockchain. Unlike the previous protocol upgrade, however, this fork was contentious, with development teams launching two competing, incompatible BCH implementations. Background: Another Fork in the Bitcoin Cash Road The group adhering to the “official” Bitcoin Cash roadmap was Bitcoin ABC, which had support from most node operators, as well as prominent individuals and companies such as Roger Ver (Bitcoin.com) and Jihan Wu (Bitmain). Several months before…

Bitcoin, Ripple, Ethereum, Stellar, EOS, Litecoin, Cardano, Monero, TRON, DASH: Price Analysis, Nov. 16

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The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph. Every investment and trading move involves risk, you should conduct your own research when making a decision. Market data is provided by the HitBTC exchange. Bitcoin saw its third worst drop of 2018 on Nov. 14, as it broke down to new year-to-date lows. In doing so, it broke through the critical support of $5,900, which had held throughout the year. Prior to the breakdown, Bitcoin had entered a…

Price Holding Losses, Eyes Recovery as Dollar Slides

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Twitter Facebook LinkedIn The bitcoin price on Friday plunged 0.85 percent against the US dollar, now trading at 5528-fiat. Bitcoin Price Seeks to Claw Back Lost Ground The digital currency has had a shocking week so far, with its value losing almost $1,200 within just five days. Not only bitcoin, but the entire cryptocurrency market also had to “bear” losses worth billions of dollars as a civil crypto war brewed inside the Bitcoin Cash community. It has already led to the split of Bitcoin Cash blockchain. Now, the market expects a…