November 28, 2018

Have the “Lambo” Times Come to an End in the Crypto Market?

November 28, 2018 boss

The crypto markets are going through turbulence – prices are falling, traders are panicking and companies are losing money. Bitcoin plummets below $4,000 for the first time since last year, putting an end to the months of “stability”. Altcoins are following the same pattern. Not much ground for optimism, hah? Apparently, someone disagrees on that. Despite all mentioned above, some crazy Japanese, decided to start a giveaway of a symbolic Lamborghini and 1000+ prizes. Nevertheless, what is behind this contest? Is there any trick? Those who’ve been through thick and…

Bitcoin Support at $3,600, Path to $4,500?

November 28, 2018 boss

After two weeks of incessant sell pressure and analysts giving up on bulls, it seems like BTC/USD sellers are exhausted. Notice that BTC is finding minor support at $3,600 or Nov 25 floors and if today close higher then we might see a temporary recovery towards $4,700. On the flip side and Vinny Lingham projections will be valid. Latest Bitcoin News 10 months after the unfortunate hack that saw $530 million worth of NEM siphoned off from Coincheck, the Japanese exchange is back in operation after reinstating deposits and purchases…

Stolen cryptocurrency; three Bulgarians behind bars on suspicions stealing crypto

November 28, 2018 boss

Local news outlets report that police in Bulgaria are in possession of stolen cryptocurrency. Particularly, police seized three individuals who are facing criminal charges after fraudulently acquiring over $3 million (5M lev) in cryptocurrency. A statement from the prosecutor’s office said: “The Specialized Prosecutor’s Office and the GOCB have neutralized an organized crime group for computer fraud and illegal acquisition of cryptographic data worth more than $ 5 million. The crypt for some $ 3 million (equivalent to about $ 5 million) has been “seized” in searches on computers used by…

Is this Bitcoin bear market any different from the previous ones?

November 28, 2018 boss

The sell-off in digital currencies continued this week, with the world’s most popular cryptocurrency, bitcoin, falling six percent on Tuesday to $3,779. Bitcoin’s all-time high was almost $20,000 in December 2017. Other major cryptocurrencies, including ripple and ethereum have also fallen sharply, especially in the past month. The total cryptocurrency market cap currently totals $123 billion, according to Coinmarketcap.com. It is down from its record peak at over $800 billion just at the start of the year. Son: Dad!, What is rollercoaster? ??Show me Dad: Bring your tab, search #bitcoin…

Bitcoin Cash Price Analysis: BCH/USD Remains Sell Near $200

November 28, 2018 boss

Key Points Bitcoin cash price settled below the $190 and $200 support levels against the US Dollar. There was a break below an ascending channel with support at $172 on the hourly chart of the BCH/USD pair (data feed from Kraken). The pair could correct higher, but it is likely to face sellers near the $190 or $200 resistance level. Bitcoin cash price moved back in a bearish zone below $200 against the US Dollar. BCH/USD could decline towards $160 as long as it is below $200. Bitcoin Cash Price…

Crypto Analyst: Bitcoin (BTC) To Base At $3,500, But Bears Aren’t Done Yet

November 28, 2018 boss

Crypto Market Puts A Pause On Tumultuous Activity, Bitcoin Finds Stability To say that crypto’s past two weeks have been tumultuous would, frankly, be putting it rather lightly. On November 13th, Bitcoin (BTC) was trading at $6,200, but since that fateful day, the eye of Bitcoin Cash’s network upgrade (a purported bearish catalyst), BTC has freefallen to a year-to-date low of $3,450. While the asset has since undergone a somewhat convincing recovery, moving from $3,450 to $4,200… twice, some fear that the worse has yet to come for crypto’s de-facto…

BlockShow Asia 2018 Starts in Singapore

November 28, 2018 boss

Blockshow Asia 2018, dubbed “the largest blockchain technology roadshow” by tech news website Venturebeat, started in Singapore Wednesday, Nov. 28. Blockshow Asia, powered by Cointelegraph, is returning to Singapore for the second time bringing together over 3,000 blockchain enthusiasts from over 50 countries. The conference is scheduled for Nov. 28 and 29, while Asia Blockchain Week will last until Dec. 1. The Blockshow roundtables and discussions will take place at Marina Bay Sands convention center at the very heart of Singapore’s business district. On the first day the speakers will…

Blockchain Deployment Could Add $3 Trillion in International Trade by 2030

November 28, 2018 boss

The World Trade Organization (WTO) released a report on blockchain technology’s effect on international trade today, Nov. 27. Per the study, blockchain’s economic value-add on a global scale could reach almost $3 trillion by 2030. “Blockchain and International Trade: Opportunities, Challenges, and Implications for International Trade Cooperation” analyzes blockchain applications and challenges that must be considered before the technology’s deployment in various sectors. The study considers the technology’s effect on industries such as trade finance, customs clearance, logistics and transportation. Blockchain Business Value Forecast. Source: WTO The study estimates that…

Crypto Research Firm Launches Disclosure Database for Digital Assets

November 28, 2018 boss

Cryptocurrency data and research company Messari is launching a disclosures registry for basic cryptoasset information, according to a press release published Nov. 27. Messari is a New York-based startup, which provides insights, markets data, and research tools in the crypto industry for investors, regulators, and the general public. In March, Messari secured between $1–$5 million in early-stage funding to launch its disclosure database, according to Forbes. Per the recent Messari announcement, the company has launched the open-source disclosures registry, that aims to become “a single source” for basic cryptoasset information.…