Day: December 30, 2018

Bitcoin Whales and the Rise of Crypto-Fueled OTC Desks in 2018

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Economics Cryptocurrencies grew immensely popular in 2017, but throughout the following year, digital asset markets fell sharply in value. However, over-the-counter (OTC) market makers thrived in 2018, with a slew of business models in the industry catering to OTC clients.   Also Read: Bitbacker.io Aims to Offer a Cryptocurrency-Powered Patreon Alternative Billions Swapped Using Over-the-Counter Cryptocurrency Services in 2018 Even though digital currency markets dropped considerably in value in 2018, early investors and crypto whales who believe in the future of this asset class stocked up. Long term supporters will cost-average…

White Hat Hackers Earned $878,000 from Crypto Bug Bounties in 2018, Data Shows

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White hat hackers have been awarded $878,000 in bug bounties this year, technology news website TheNextWeb reports on Dec. 30. Bug bounties are a type of competition in which companies that develop software invite hackers to break their software and responsibly disclose the vulnerabilities, so they are able to fix them before they are exploited. According to TheNextWeb, hackers earned $534,500 on HackerOne, a bug bounty platform connecting companies with hackers just from Block.one, the company which stands behind EOS. In fact, Block.one is reportedly responsible for 60 percent of…

U.S. Federal Reserve still not ready for a Government based cryptocurrency

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The Central Bank not in support of CBDC’s The Fed has rejected the idea of a Centrally Backed Digital Currency(CBDC) as this goes against the old financial system. Bitcoins big price swing that push it a little into the mainstream audience, has led some to believe that this can become the future of money. There is currently an incredible amount of companies that are promoting the Blockchain technology based assets. A lot of advocates have been benefiting from the cryptocurrency industry, but there is still a long way to go…

Ethereum, Ethereum Classic, NEO, IOTA, Binance Coin, Stratis

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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.com. Every investment and trading move involves risk, you should conduct your own research when making a decision. The market data is provided by the HitBTC exchange. While 2017 was a raging bull market in cryptocurrencies, 2018 turned out to be a massive bear market that wiped out more than $720 billion in total crypto market capitalization. We believe that 2019 will bring back the focus on the fundamentals and…

Lite.IM Adds Bitcoin (BTC) Support to Facebook Messenger, Telegram and SMS

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Back in early August this year, the team at Lite.IM had taken crypto adoption to a whole new level when they announced that Litecoin (LTC) was available via Telegram and Text Messages. The move by Lite.IM was aimed at expanding cryptocurrency access to a wider global population. Of particular interest is that the progress by the team was during a bear market. Such periods in the crypto-verse have been highlighted as the best time for developing on the blockchain as well as accelerating crypto adoption. After LTC availability on Telegram…

HodlCast Ep. 58 – 2019 Predictions from Prominent Bitcoin Personalities

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HodlCast Ep. 58 – 2019 Predictions from Prominent Bitcoin Personalities December 30, 2018 by Tyson O’Ham Listen to a rogue’s gallery of cryptocurrency personalities cast their vision into the future and give us their takes on what 2019 holds for the world of crypto in this special new years episode of the HodlCast. See what the experts are saying. Also see: Crypto Mining Theft Snafu: Georgia Politico Jailed on Insurance Fraud Subscribe to the Bitsonline YouTube channel for great videos featuring industry insiders & experts The Year Ahead Follow our host, Sasha Hodder,…

Cryptocurrency Exchange Kraken Adds Bitcoin Cash and Ripple Margin Trading

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Kraken has added Bitcoin Cash (BCH) and Ripple (XRP) to Bitcoin (BTC), Ethereum (ETH), Ethereum Classic (ETC), Augur (REP), Monero (XMR), and Tether (USDT) bringing its margin trading offering to a total of eight cryptocurrencies. Margin trading of all eight will be available on all of Kraken’s platforms. The latter site boasts an improved user interface and integrated charts and tools as well as supporting mobile trading. Kraken’s news release adds: Please note that BCH and XRP are not collateral currencies. This means you cannot open margin positions against the…

Russian Bitcoin Mining Granny Bullish on Industry Future as Commercial Producers are Doubtful

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Mining A residential block of red bricks stretches unambitiously under the freezing sky of Irkutsk, in the Russian province of Siberia. Inside, a series of small bitcoin mining machines are running on cheap electricity, as grandmother Valeriya’s family of domestic miners, a bullish bunch, stack up a potential fortune for the future. Also read: Skeptical Payoneer CEO Dismisses Idea of Single Currency Like Bitcoin as Unrealistic ‘I Want Money, and I Want Lots of It’ The granny, only indentified as Valeriya, has never looked back since receiving a mining rig from…

Bitcoin Price Weekly Analysis: BTC Holding Key Uptrend Support

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Key Points Bitcoin price declined recently towards the $3,560 support area against the US Dollar. There is a key bullish trend line formed with support $3,680 on the 4-hours chart of the BTC/USD pair (data feed from Kraken). The pair is currently holding a crucial support and it could bounce back above $3,800 and $3,900. Bitcoin price is holding the key uptrend support near $3,600 against the US Dollar. BTC/USD is likely to resume its upward move above $4,000 in the near term. Bitcoin Price Analysis This past week, bitcoin…

Ethereum Price Weekly Analysis: ETH Facing Strong Resistance Near $140

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Key Highlights ETH price started a major upward move after forming a low at $112.80 against the US Dollar. There was a break above a major bearish trend line with resistance at $122 on the 4-hours chart of ETH/USD (data feed via Kraken). The pair is now placed in a positive zone, but it is struggling to clear the $142 resistance area. Ethereum price moved back higher versus the US Dollar and Bitcoin. ETH/USD must surpass the $142 resistance to continue higher in the near term. Ethereum Price Analysis This…