Day: February 7, 2019

Bitcoin Price & Technical Analysis: BTC Weakening

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Photo: Roboforex / TradingView By Feb 7, the BTC is continuing to go down, trading at around $3,445.90, reports Dmitriy Gurkovskiy, Chief Analyst at RoboForex. After a local correction and hitting the low, the price is downtrending on H4. Breaking out the local support at $3,336.50 will allow the BTC to move to the projection channel at around $3,246. The MACD is meanwhile converging, signaling a possible pullback. This may trigger an opposite scenario, with the resistance at $3,440 broken down and the price rising to $3,678. On H1, the…

Bitcoin, Ether, and XRP Weekly Market Update: February 07, 2019

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For the last seven days, the total crypto market cap lost another $3.5 billion of its value and now stands at $112 billion. Bitcoin, ether, and XRP are all in red for the same period while Binance Coin (BNB) stormed into the top ten. BTC/USD Bitcoin remained in the $3,400 to $3,600 zone as market volatility remains relatively low. The BTC/USD trading pair closed January 31 at $3,504 with a red candle on the daily chart and moved to $3,535 on February 1. The pair registered an eight percent loss…

Little Relief in Sight as Bitcoin Price Closes at 7.5-Week Low

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View Bitcoin suffered its lowest UTC close in over seven weeks on Wednesday, reinforcing the bearish view put forward by the rejection at the 50-candle moving average (MA) on the 6-hour chart yesterday. The close at multi-week lows also dashed hopes of a falling wedge breakout. The cryptocurrency also created a bearish outside reversal candle on the daily chart yesterday, opening the doors for a drop to falling channel support at $3,230. A strong move above the 50-candle moving average on the 6-hour chart, currently at $3,434 will likely weaken…

Blog: Show you mean business by paying the Data Protection Fee

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Paul Arnold, ICO Deputy Chief Executive explains to small businesses why they need to pay the data protection fee.  Businesses that process personal data have to pay a fee to the data protection regulator, the Information Commissioner’s Office. It’s the law to pay the fee, which funds the ICO’s work, but it also makes good business sense. Because whether or not you’ve paid the fee could have an impact on your reputation. When you’ve paid, your business is published on our register of data controllers. Members of the public and other…

NZ Police Report Says ‘Excellent Progress’ Being Made in Cryptopia Hack Investigation

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Police in New Zealand are working with international law enforcement to track down hackers who reportedly stole over $16.1 million from local exchange Cryptopia, the police reported in a press release Feb. 7. Cryptopia, which suffered an attack beginning Jan. 15 and lasting around two weeks, has lost funds from tens of thousands of Ethereum (ETH) wallets. After confirming they were investigating the case Jan. 16, police revealed today that they are coordinating an international effort to track both the funds and perpetrators, in a report attributed to Detective Inspector…

Newsflash: Indian Hospital Claims QuadrigaCX CEO Died Under its Care

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Amidst all the suspicion that has followed the sudden closure of QuadrigaCX crypto exchange and cold wallets containing $150 million being inaccessible following the death of the company’s chief executive, Gerald Cotten, a hospital in India has confirmed that the CEO died while in its care. According to Fortis Escorts Hospital, Cotten succumbed to a heart attack on December 9 last year. The Fortis Escorts Hospital is located in Jaipur, the capital of the northern Indian state of Rajasthan. Per the Times of India, Cotten was declared dead in the…

QuadrigaCX: Indian Hospital Releases Details About CEO’s Death

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Fortis Escorts, a private hospital in the Indian city of Jaipur, has released details about the death of Gerald Cotten, CEO of Canadian cryptocurrency exchange QuadrigaCX. In a statement shared with CoinDesk on Thursday, Fortis Escorts said that Cotten was admitted to the hospital on Dec. 8, 2018 at 9:45 p.m. IST (16:15 UTC) and died of cardiac arrest at around 7:26 p.m. IST (13:56 UTC) on Dec. 9, 2018. Two separate documents released previously – a statement of death issued from J.A. Snow Funeral Home and a death certificate issued…

QuadrigaCX: Indian Hospital Releases Details About CEO’s Death

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Fortis Escorts, a private hospital in the Indian city of Jaipur, has released details about the death of Gerald Cotten, CEO of Canadian cryptocurrency exchange QuadrigaCX. In a statement shared with CoinDesk on Thursday, Fortis Escorts said that Cotten was admitted to the hospital on Dec. 8, 2018 at 9:45 p.m. IST (16:15 UTC) and died of cardiac arrest at around 7:26 p.m. IST (13:56 UTC) on Dec. 9, 2018. Two separate documents released previously – a statement of death issued from J.A. Snow Funeral Home and a death certificate issued…

Google Enters Crypto and Blockchain Search Business With New Tools

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A new raft of crypto and blockchain analytics tools has just been launched by search giant Google. They will provide deep data sets for the top cryptocurrencies and aim to revolutionize blockchain search as the company did for information on the internet. Six New Blockchain Datasets Added Over the past year Google Cloud has released blockchain transaction history datasets for Bitcoin and Ethereum. Yesterday the company announced the release of six more datasets in addition to a deeper set of queries that enables multi-chain meta-analyses and integration with conventional financial…

State-Issued Digital Currencies Can Squeeze Banks, Says South Korea Central Bank

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South Korea’s central bank issued a warning over central bank digital currencies (CBDCs) a week after saying it would not introduce one itself. The development was reported in local news outlet Yonhap News Agency, Feb. 7. CBDCs, which are also known variously as state-backed or government-backed digital currencies, involve a blockchain-based version of a country’s fiat currency either replacing or circulating in tandem with paper notes and coins. A number of governments are currently examining the feasibility of using a CBDC, while South Korea formally decided against the measure in…