Day: November 29, 2018

Tron’s TRX Posts 44.14% Weekly Gains in Market-wide Rebound

boss

Tron (TRX) has surged as much as 40% this week as the global crypto market rebounded from their lowest levels this year. The overall rebound appears in the wake of a peaceful closure between Bitcoin ABC and Bitcoin SV groups. The two, formed after the split of Bitcoin Cash blockchain, had spoiled the crypto market sentiment by waging a so-called hash war over the original BCH ticker. Weeks after ABC gained supremacy over the Bitcoin Cash network, SV conceded defeat and went its separate way as a standalone crypto-project. Nevertheless,…

Market Value of Blockchain in Retail to Soar 29-Fold by 2023, Report

boss

The market value of blockchain in global retail is forecast to see a 29-fold increase in value over the next five years, according to an analysis of factors behind the growth, published on PRWeb Nov. 28. The analysis on emerging blockchain applications driving the predicted increase – from $80 million today to over $2.3 billion by 2023 – was conducted by fintech executive Monica Eaton-Cardone. The figure of $2.3 billion by 2023 – at a compound annual growth rate of 96.4 percent – has been taken from a market research…

Tron (TRX) Posts 33.33% Daily Gains as Crypto Market Rebounds

boss

Twitter Facebook LinkedIn CCN is expanding. Are you our next full-time journalist from the West Coast USA? Send us your CV and examples here. Tron on Thursday rose up to 33.33% against the US Dollar as the crypto market headed for an extended upside action. The TRX/USD tested a new weekly high at 0.016-fiat, according to data available at BitFinex, before correcting lower towards 0.0144-fiat, an intraday support. It should be more likely a bull flag formation, meaning the pair should continue trending upwards in near-term. However, there are still…

Bull Reversal? Bitcoin Sees Biggest Single-Day Price Gain Since April

boss

Bitcoin (BTC) is teasing a short-term bullish reversal, having just recorded its biggest single-day gain in seven months. Prices closed yesterday (UTC) at $4,257, a 24-hour increase of 11.43 percent and the highest daily gain since April 12, according to CoinMarketCap. Back then, the cryptocurrency was trading above $6,900, 38 percent higher than the current price of $4,345. Interestingly, the 13 percent price gain witnessed that day had been preceded by a 45 percent drop and a minor bout of consolidation. More importantly, the big bullish move of April 12…

Bitcoin Price Watch: BTC/USD Turned Short Term Bullish

boss

Key Points Bitcoin price climbed higher and broke the $4,080 and $4,200 resistance levels against the US Dollar. There is a short term bullish trend line formed with support at $4,050 on the hourly chart of the BTC/USD pair (data feed from Kraken). The price is currently trading nicely above the previous resistance (now support) at $4,080. Bitcoin price made a few nice bullish moves above $4,000 against the US Dollar. BTC/USD must stay above the $4,050 and $4,000 supports to resume its upward move. Bitcoin Price Analysis Yesterday, we…

Should Bitcoin Aim to Follow the Footsteps of PayPal?

boss

Photo: servicesmobiles / Flickr With the recent slump in Bitcoin value after the highs of late 2017/ early 2018, there is a lot of uncertainty surrounding Satoshi Nakamoto’s cryptocurrency. Many believers still think it will one day become the world’s sole form of payment for online purchases, but others contest that Bitcoin was a bubble which has now burst. There is certainly a lot of potential for Bitcoin to be successful in the modern age. With more and more businesses operating online and people from all over the world interacting,…

Bitcoin Ransomware: The U.S. Indicts Iranians Over $6 Million Cryptocurrency Cyber-crimes

boss

The U.S. Justice Department recently announced the indictment of two Iranians involved in a high-profile Bitcoin ransomware attack. Iranian Hackers Collect Bitcoin as Ransom According to a report by The Washington Post, the Justice Department of the United States on Wednesday (November 28) announced the indictment of two Iranian nationals involved in cryptocurrency ransomware attacks, dating back to 2015. Faramarz Shahi Savandi and Mohammad Mehdi Shah Mansouri, Iranian residing in Iran, were the masterminds of the SamSam ransomware attack. The pair infected data in the U.S, United Kingdom, and Canada…

Cryptojacking Increasingly Popular Attack Vector for Botnets

boss

A new bulletin from Russian internet security company Kaspersky Labs published Nov. 28 states that crypto mining malware became increasingly popular among botnets in 2018. Stealth crypto mining attacks – also know as cryptojacking – work by installing malware that uses a computer’s processing power to mine for cryptocurrencies without the owner’s consent or knowledge. According to Kaspersky, after the crypto market bull run subsided in Jan.-Feb. 2018, interest in cryptojacking also briefly tapered off – yet it has nonetheless remained a consistent and current threat throughout the year. Number…

BitPay Implements First Major PoS Solution in Canada

boss

A Canadian luxury fine jewelry brand is now accepting Bitcoin as a means of payment at eight stores across the country. Birks Group partnered with BitPay to process all Bitcoin transactions made by customers. Canadian Luxury Jewelry Brand Partners With BitPay to Accept Bitcoin Leading the luxury jewelry retail sector in Canada since 1879, Birks Group is now at the forefront of the digital revolution by adding bitcoin as a payment option for customers of the brand. Transactions made through BitPay’s processing system are faster and easier than legacy fiat…

Ethereum Classic Price Analysis: ETC/USD Could Gain Pace Above $5.00

boss

Key Highlights Ethereum classic price recovered recently and tested the $5.00 resistance against the US dollar. There was a break above a crucial bearish trend line with resistance at $4.45 on the hourly chart of the ETC/USD pair (Data feed via Kraken). The pair is currently correcting lower, but it could bounce back and clear the $5.00 barrier. Ethereum classic price is slowly moving higher against the US Dollar and Bitcoin. ETC/USD must settle above $5.00 to stage a decent recovery in the coming days. Ethereum Classic Price Analysis After…