Day: February 5, 2019

Parity Technologies Fixes Node Vulnerability, Urges All Ethereum Nodes to Update

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Ethereum blockchain infrastructure developer Parity Technologies experienced a security compromise that required nodes to perform an urgent update, the company stated in a blog post on Feb. 3. Parity, which is a popular technology stack for Ethereum users, said it had received notification of a loophole which would allow an attacker to shut down nodes running its client. “On February 3rd, we received several reports that an attacker can send a specially-crafted RPC request to a public Parity Ethereum node (any version pre 2.2.9-stable and pre 2.3.2-beta) and that node…

Research Claims Crypto Exchange QuadrigaCX Still Has Access to Some Cryptocurrency Funds

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Embattled Canadian cryptocurrency exchange QuadrigaCX reportedly never had the $190 million in Bitcoin (BTC) it supposedly lost access to when its CEO unexpectedly died, new research claimed on Feb. 5. The report, published on cryptocurrency portal Zerononcense Blog, makes several claims about the true state of QuadrigaCX’s Bitcoin holdings, all of which contradict official statements. QuadrigaCX has faced financial difficulty since its CEO Gerald Cotten reportedly died of complications from Crohn’s disease in December 2018. In January via an affidavit made by Cotten’s wife, it was revealed the exchange apparently…

Leaked Info Purportedly Shows $318 Billion Cryptocurrency Sell-Offs on BitPoint

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The trustee for the rehabilitation proceedings of defunct cryptocurrency exchange Mt. Gox reportedly sold large amounts of Bitcoin (BTC) and Bitcoin Cash (BCH) on trading platform BitPoint. Cointelegraph Japan reported on the development on Feb. 5, citing leaked data. An unidentified party reportedly sourced information from the legal proceedings involving Mt. Gox at the Tokyo District Court and showed it to Mt. Gox creditor campaign group GoxDox.com. The information, which appears to be incomplete scans of transactions at BitPoint, allegedly confirms that the Mt. Gox trustee, Nobuaki Kobayashi, sold coins…

Facebook Takes Another Step Closer to Cryptocurrency

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Social media giant Facebook has taken another step closer to crypto with its latest acquisition, the team behind a London based blockchain startup. Facebook Expands its Blockchain Division According to reports Facebook has quietly hired the team at Chainspace, a small startup founded by researchers from University College London. The company clearly has big ambitions in the crypto space and a direct move into blockchain is another indicator that Facebook has plans for its own crypto products. Chainspace released a whitepaper in August 2017 which details their plans for a…

Bitcoin Price Watch: BTC Consolidating Amid Low Volatility and Volume

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Bitcoin price trading in a tight range above the $3,375 support area against the US Dollar. There is a key connecting bullish trend line formed with support at $3,400 on the hourly chart of the BTC/USD pair (data feed from Kraken). The price might correct higher in the short term towards the $3,430 and $3,350 resistances. Bitcoin price is struggling to gain bullish momentum above $3,450 against the US Dollar. BTC price might continue to trade in a range until trading volumes and volatility picks up. Bitcoin Price Analysis In…

Crypto Market Rebounds: Litecoin (LTC), Bitcoin Cash, Tron (TRX), ADA Price Analysis

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The total crypto market cap is showing signs of a recovery above the $108.50B support level. Litecoin (LTC) price is gaining momentum and it could trade above the $35.00 resistance. Bitcoin cash price is currently consolidating below the $120 resistance level. Tron (TRX) is up more than 8% and it broke the $0.0275 resistance zone. Cardano (ADA) price is trading flat just above the $0.0375 support level. The crypto market could rebound in the short term. Bitcoin (BTC), Ethereum (ETH), ripple, litecoin, bitcoin cash and ADA might correct higher in…

Ripple Price Analysis: XRP Testing Crucial Support, Breakdown Incoming?

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Ripple price is under pressure and it recently broke the $0.2980 support level against the US dollar. There is a major bearish trend line formed with resistance near $0.2980 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair could accelerate losses if there is a downside break below the $0.2940 support in the near term. Ripple price declined further and broke key supports against the US Dollar and Bitcoin. XRP/USD is currently at a risk of a downside break below the $0.2940 and $0.2920 supports.…

Ethereum Price Analysis: ETH Consolidates While Trading Volume Drops

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ETH price is still trading below the $108 and $110 resistance levels against the US Dollar. There is a new connecting bearish trend line formed with resistance near $107 on the hourly chart of ETH/USD (data feed via Kraken). The pair remains supported on the downside above the $105 and $103 levels in the near term. Ethereum price is confined in a tiny range against the US Dollar and bitcoin. ETH/USD could continue to consolidate until trading volumes pick up and price action improves. Ethereum Price Analysis There was a…

“The Cutest Crypto Game” Celebrates Chinese New Year and Sends Out Digital Gifts

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Decentralized crypto collectible game Blockchain Cuties, which is already available on three different blockchain platforms — Ethereum, EOS and Tron — has announced a celebration of Chinese New Year for its players. The game developer is going to implement the Chinese tradition of giving “lucky red envelopes” and will send out digital gifts. The Blockchain Cuties players won’t know what will be inside their digital packs until the Chinese New Year, on Feb. 5, 2019. Also, for the event, the game will release new virtual pets — Pigs. Crypto “lucky…

Crypto Exchanges Experience Lowest Trading Volumes Since 2017

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Trading volumes on cryptocurrency exchanges have dipped to new lows in January, according to an analysis published by crypto and blockchain research firm Diar on Feb. 4. Since the beginning of the year, digital currency exchanges have reportedly registered lower trading volumes, marking new lows that have not been recorded since 2017. Diar further notes that it has turned to be the worst period for the world’s leading crypto exchange by adjusted trading volume, Binance, as its Bitcoin (BTC)/U.S. dollar (USD) market reduced by more than 40 percent in comparison…