January 28, 2019

Bitcoin Price Looks South After Drop to Six-Week Lows

January 28, 2019 boss

Bitcoin ended a two-week period of consolidation with a drop to six-week lows earlier today. The leading cryptocurrency by market value fell below $3,470 at 04:45 UTC, confirming a downside break of a triangle pattern. That range breakdown was followed by a quick slide to $3,357 – the lowest level since Dec. 17 – according to Bitstamp data. A prolonged period of consolidation usually yields a big move in the direction of the breakout. For instance, BTC ended a multi-week-long trading range with a move below $6,000 on Nov. 14…

Bitcoin Trading Platform LocalBitcoins Hacked with Thousands of Dollars Stolen

January 28, 2019 boss

LocalBitcoins has become a victim of a phishing attack. At least six users have been affected after following a link to a fake LocalBitcoins page. Though crypto platforms do their best to ensure the highest security of funds of their clients, due to the nature of the modern technologies the threat still exists. Hackers always try to detect the weak points in platforms’ protection and use them in their interests staying unnoticed. This time sad new have come from peer-to-peer trading service LocalBitcoins. Phishing Attack According to the information revealed,…

Regulatory Arbitrage in Crypto Will Intensify

January 28, 2019 boss

Monero (XMR) core developer Riccardo “Fluffypony’” Spagni has said he expects regulatory arbitrage to become an increasingly prevalent and impactful phenomenon in the crypto space in coming years. Spagni made his remarks during a panel at the annual “Innovate Finance” event, hosted by digital assets liquidity provider E8 Partners in Davos, Switzerland on Jan. 25. Spagni began by dismissing the notion that “the very existence of crypto is going to cause governments to topple […] [as an] obviously ludicrous […] pipe dream” — underscoring that decentralized finance will not immediately…

Civic CEO: If Bitcoin (BTC) Breaks $3,000, Crypto Winter Will Go “Nuclear”

January 28, 2019 boss

$3,300 An Essential Bitcoin Price Level, Says Analyst As hinted at in a previous Ethereum World News report, the past few hours have been dismal for the broader cryptocurrency market. The aggregate value of all digital assets has fallen from $121 billion to $115 billion in a few hours’ time, as Bitcoin bulls lose traction to the seeming copious amount of bears pressuring BTC lower. With this move, the flagship cryptocurrency has come to retest the $3,500 price point, a level of interest in the eyes of analysts. Interestingly, BTC has…

Civic CEO: If Bitcoin (BTC) Breaks $3,000, Crypto Winter Will Go “Nuclear”

January 28, 2019 boss

ICO celebrates the success of innovative data protection projects on Data Protection Day 2019

January 28, 2019 boss

Innovative data protection projects funded by the ICO are making a real difference to public trust and confidence in privacy issues. The projects were the first to receive money as part of the ICO’s grants programme, which facilitates innovative, independent research focused on privacy and data protection issues. It aims to increase the public’s trust and confidence in how their personal data is used. Now three of the grant recipients have spoken for the first time about how they’ve used the money. On Data Protection Day 2019 the ICO will…

JPMorgan Claims Bitcoin is No Longer Profitable to Mine

January 28, 2019 boss

Photo: Marco Verch / Flickr Some time ago, it could seem that almost everyone went crazy about crypto mining. People were actively building their private farms investing quite impressive sums in powerful equipment but it could really bear fruit. But is there any sense to enter the sphere of Bitcoin mining now? According to analysts from JPMorgan Chase & Co., the American multinational investment bank and financial services company, it is not feasible at all. After having conducted a throughout research, the experts found out that the production-weighted cost to create…

Bitcoin Falls Below $3,500 as Fresh Downturn Hits Cryptocurrency Markets

January 28, 2019 boss

Monday, January 28 — Bitcoin (BTC) lost 3 percent and altcoins shed up to one tenth of their value as bearish moves returned to cryptocurrency markets. Market visualization from Coin360 Data from Cointelegraph’s price tracker and Coin360 shows a downtrend at the start of the week, with BTC/USD losing support at $3,500. A sudden dip ended what had been a quiet week for the pair, which had remained range bound between $3,500 and $3,670. At press time on Monday, Bitcoin hovered around $3,460, its lowest price since Dec. 16. Bitcoin…

Iran Soon to Unveil Cryptocurrency With Aim to Skirt US and SWIFT: Source

January 28, 2019 boss

Iran could unveil its state-backed cryptocurrency at the Electronic Banking and Payment Systems conference in Tehran this week, local English-language news outlet Al Jazeera reported on Jan. 27. Iran, which has faced fresh sanctions from the United States since November, had previously planned to use blockchain-based financial tools as a way of sidestepping restrictions on its economic growth. Though a central bank-issued digital currency (CBDC), which could be a rial-backed crypto, it was thought Tehran could forge an alternative to SWIFT, the global settlements system that some Iranian banks cannot…

Bitcoin Price Analysis: BTC/USD Trends of January 28–February 03, 2019

January 28, 2019 boss

Photo: PEXELS Key Highlights: Bitcoin price broke out of the ranging movement; the Bulls lost the momentum on the 4-Hour chart; there is a probability for further declination of BTC price. BTC/USD Long-term Trend: Ranging Resistance levels: $3,679, $4,237, $4,692Support levels: $3,247, $2,765, $1,956 BTC/USD continues in a ranging phase on the long-term outlook. The strong bearish daily candle that broke down and closed below the $3,679 price level on January 20, followed by another bearish candle turned to doji candle prevented Bitcoin price to find support at the previous…