Day: February 6, 2019

Coinbase’s Wallet App Is Getting Bitcoin Support This Week

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Coinbase users will soon be able to directly control their bitcoin holdings from the firm’s Wallet app. The San Francisco-based cryptocurrency exchange announced the news in a blog post Wednesday, saying that Coinbase Wallet will be updated over the next week to add bitcoin support to all users on iOS and Android. Bitcoin support will be “activated by default,” Coinbase said, meaning users will just have to tap “receive” tab in the app and select “bitcoin” to receive the cryptocurrency directly in the wallet. Coinbase Wallet already supports ethereum (ETH), ethereum…

Coinbase’s Wallet App Is Getting Bitcoin Support This Week

boss

Coinbase users will soon be able to directly control their bitcoin holdings from the firm’s Wallet app. The San Francisco-based cryptocurrency exchange announced the news in a blog post Wednesday, saying that Coinbase Wallet will be updated over the next week to add bitcoin support to all users on iOS and Android. Bitcoin support will be “activated by default,” Coinbase said, meaning users will just have to tap “receive” tab in the app and select “bitcoin” to receive the cryptocurrency directly in the wallet. Coinbase Wallet already supports ethereum (ETH), ethereum…

First Techstars Blockchain Accelerator Program Participants Announced

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First Techstars Blockchain Accelerator Program Participants Announced February 6, 2019 by Ian Edwards Startup accelerator Techstars has announced the participants of its inaugural blockchain acceleration program, which is being undertaken in partnership with blockchain advisory firm Alchemist. The ten companies chosen will work on applications of blockchain technology ranging from supply chain to gaming to financial markets. But the startups in the program will face a challenge raising funds with crypto markets down precipitously since their peak over a year ago. Also read: Blockchain? No Such Thing–Timechains Are the Future…

Bitcoin’s Lightning Torch Moves Through 37 Countries, Twitter CEO the Latest to Take It

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Photo: QuoteInspector Although Bitcoin is currently going through the longest ever bear cycle, its community looks engaged in an interesting experiment called the “lightning torch”. Yes, this experiment is certainly related to Bitcoin’s scalability solution Lightning Network that is currently under development. The Lightning Network is a second-layer off-chain solution atop the Bitcoin network to ease up the burden of the BTC mainnet for processing millions of transactions. Enthusiasts from the Bitcoin community have engaged in a global relay race throw the increasing amount of BTC. Using the Twitter platform, people pass…

New Instance of Monero Malware Sees Cryptojackers Target Linux Users

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More cryptocurrency mining malware continues to target major corporations, hijacking victims to mine altcoin Monero (XMR), new research warned on Feb. 5. Findings from the Special Ops team at United States cybersecurity company JASK reveal a modified version of trojan Shellbot has become increasingly prevalent since its debut in November last year. The perpetrators, the company says, appear to be a Romanian hacker group known as Outlaw, a translation of the Romanian word “haiduc,” which also lends its name to one of the payloads the malware installs. “The toolkit observed…

Bitcoin and Ether Market Update: February 6, 2019

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The global crypto market cap lost another $2 billion since the beginning of the week and now stands at $111.5 billion according to CoinMarketCap. Bitcoin and ether were trading mostly within standard ranges. BTC/USD Bitcoin opened the new week with a drop below $3,500 on February 4, 2019. It made a slight movement downwards to $3,490, still ranging in the $3,600 and 3,400 price corridor. The BTC/USD trading pair is in a low volatility state since January 27 when it broke below the $3,600 support and 61.80 percent Fibonacci level.…

Bitcoin Community Celebrates as Twitter CEO Joins Lightning Network Relay

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Twitter co-founder and CEO Jack Dorsey has joined a community project demonstrating the functionality of Bitcoin’s (BTC) second-layer scaling protocol, the Lightning Network (LN), on Feb. 5. Dorsey, who has repeatedly pledged his faith in Bitcoin becoming the de facto currency of the internet, is now participating in an experiment dubbed LN Trust Chain, a chain of transactions on the LN that began circulating Jan. 19. Based on the concept of the Olympic flame, the “Lightning Torch”  is a series of transactions between users of the Lightning Network, with participants…

Coinbase Extends PayPal Withdrawal Option to 32 European Countries

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Coinbase customers in the EU and the European Free Trade Association (EFTA) countries can now make withdrawals into their PayPal accounts. The San Francisco-based cryptocurrency exchange announced the news Tuesday, explaining that, until now, European customers have had only Single Euro Payments Area (SEPA) and UK Faster Payments options available for withdrawals. The expanded service means customers of 32 European countries will now have the PayPal withdrawal option, with a total of 28 member countries in the EU and the four nations of the EFTA: Iceland, Liechtenstein, Norway and Switzerland. Support for…

Bitcoin Price Watch: BTC Could Make a Sustained Move Lower

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Bitcoin price extended losses and traded below the $3,400 and $3,375 supports against the US Dollar. There was a break below a major bullish trend line with support at $3,405 on the hourly chart of the BTC/USD pair (data feed from Kraken). The price is trading with a bearish bias and it could extend declines below $3,350 and $3,320. Bitcoin price failed to stay above $3,400 and extended decline against the US Dollar. BTC price broke the $3,375 support, opening the doors for more losses below the $3,320 support. Bitcoin…

Crypto Market Update: BNB Outperforms, EOS, Bitcoin Cash, Tron (TRX) Price Analysis

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The total crypto market cap declined sharply and broke the $108.00B support level. EOS price traded lower and broke the $2.38 and $2.35 support levels. Binance Coin (BNB) outperformed and traded higher by more than 9%. Bitcoin cash price is down more than 5% and broke the $115 support level. Tron (TRX) price retreated from well above $0.0265 and tested the $0.0255 support. The crypto market declined heavily, dragged by bitcoin (BTC) and Ethereum. Binance coin (BNB) outperformed while coins like BCH, ripple, EOS, TRX and ADA declined sharply. Bitcoin…