Day: February 25, 2019

Hacker Moves 2.09 Mln EOS Following Blacklist Update Failure

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An anonymous hacker managed to move 2.09 million EOS ($7.7 million) from a hacked account due to an alleged failed update by an EOS block producer (BP), according to a Telegram post by EOS block producer EOS42 on Feb. 23. The EOS blockchain has a feature that requires BPs to blacklist compromised accounts; all top 21 BPs are required to blacklist a certain account in order for the blacklist to function properly. On Feb. 22, a new EOS block producer dubbed “games.eos” apparently did not update the blacklist for EOS…

US Law Enforcement Returns 27.66 Bitcoin (BTC) Stolen from Bitfinex in 2016

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The U.S Government, through its law enforcement agencies, has returned 27.66270285 Bitcoins to Bitfinex. This amount of is part of the 119,756 BTC stolen from the exchange back in August, 2016. Since the hack, the exchange has collaborated with international law enforcement agencies to provide information that will aid in the investigations. The US Government had in November of last year, alerted Bitfinex that it had obtained some BTCs believed to be from the 2016 hack. The RRT Token Created After the 2016 Hack Based on the recovery strategy put in…

Bitcoin Price Drop | BTC Loses $400 in Just 30 Minutes

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It was looking so promising for Bitcoin price last week. The largest coin by market cap surged passed the $4,000 USD mark, only to crash back down on Sunday, February 24th. Bitcoin Price Drop Bitcoin dropped a huge $400 USD in just 30 minutes, declining 10% from $4,150 to roughly $3,805 in a short space of time. There was no catalyst for the sudden drop, except for investors taking their profits while they can. $4,180 was a six-week high for the coin, and while the price has dropped, daily volumes…

Bitcoin Exchanges Turn Blind Eye to Wash Trading: Bombshell Report

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According to a report from CoVenture, a venture capital and technology firm, an uncomfortable number of major Bitcoin exchanges engage in some form of volume manipulation, at least indirectly. Primarily, the report deals with “wash trading,” which they define as: “[W]hen a trader/s places a buy and sell order at an identical price without changing ownership of the underlying asset. They use bots to automate these orders leading to an artificially increased volume. This gives unsuspecting traders the illusion of liquidity.” In Bitcoin Trading, Volume is King Crypto exchange volumes…

‘Bitcoin to the Moon’ Signs Appear on Ukrainian Tram

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LED signs flashing the text “Bitcoin to the Moon” have been spotted on a tramcar in the Ukrainian city of Vinnytsia. Pictures of the signs appeared on social media just as the National Bank of Ukraine announced that it has completed a pilot project to launch its own digital currency called e-hryvnia. Also read: BTC-e Operator Alexander Vinnik Terminates His Hunger Strike Pro-Bitcoin Signs on a Tramcar It’s unclear who is behind the initiative for the pro-Bitcoin signs on the tramway car. Photos published on Facebook show they have been…

Coinbase Unveils Plans to Finally List Ripple (XRP)

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Ripple’s price has jumped 12% on the news that the cryptocurrency is soon to be available on Coinbase Pro. XRP deposits must reach “sufficient” levels before trading  officially begins, but the US crypto exchange is allowing deposits as of 10 am PT this morning. The minimum period between opening deposits and enabling trading is 12 hours. Coinbase Will Support Ripple Trading According to the Coinbase blog, XRP/fiat pairs will be available in several jurisdictions initially. These include non-New York US states, Canada, Singapore, Australia, the UK, and several other European…

Coinbase Pro Adds Support for XRP

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Coinbase Pro, the professional offering of United States-based crypto trading platform and wallet service Coinbase, is adding support for Ripple’s XRP token. Coinbase announced the development in an official blog post on Feb. 25. Per the announcement Coinbase Pro will now accept deposits of XRP for a minimum of 12 hours before enabling full trading. Coinbase notes that it will first establish sufficient liquidity on the platform, opening trading pairs in U.S. dollars, euro and Bitcoin (BTC) in phases. Full trading of XRP will be available to customers in the…

Coinbase Exchange Users Can Buy and Sell XRP Starting Today

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Crypto exchange Coinbase is launching support for XRP, the third-largest cryptocurrency by market capitalization. The exchange announced Monday it would be listing XRP on its professional trading platform, Coinbase Pro, in “transfer-only” mode, meaning customers can only deposit tokens to begin with. After a minimum of 12 hours, the company plans to activate other trading services, though this timeline is variable. Initially, Coinbase Pro customers in the U.S. (excluding New York state), the UK, some EU nations, Canada, Singapore and Australia will be able to access XRP, with support for…

Coinbase Exchange Users Can Buy and Sell XRP Starting Tomorrow

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Crypto exchange Coinbase is launching support for XRP, the third-largest cryptocurrency by market capitalization. The exchange announced Monday it would be listing XRP on its professional trading platform, Coinbase Pro, in “transfer-only” mode, meaning customers can only deposit tokens to begin with. After a minimum of 12 hours, the company plans to activate other trading services, though this timeline is variable. Initially, Coinbase Pro customers in the U.S. (excluding New York state), the UK, some EU nations, Canada, Singapore and Australia will be able to access XRP, with support for…

Bitcoin Price Must Hit This Key Level to Exit Bear Market

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In the wake of Sunday’s crypto massacre, shell-shocked investors have been left with dashed dreams and a lingering question: Will bitcoin’s bear market ever end? Crypto brokerage BitOoda says that the answer lies in two price levels: $4,200 and $6,000 – levels with which retail buyers need to become more acquainted. Bitcoin Price Facing Strong Resistance at $4,200 Writing in a note to clients on Monday, BitOoda Executive VP of Institutional Sales Brian Donovan said that the sell-off demonstrated that the ~$4,200 level had become a significant level of resistance…