Day: March 15, 2019

Crypto Market Could Rally Soon: Bitcoin Cash, EOS, BNB, TRX Price Analysis

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The total crypto market cap is facing a tough resistance near the $130.0B level. EOS price is trading nicely above the $3.60 support and it could continue higher towards $3.75. Binance Coin (BNB) is consolidating above the $15.00 support and it could extend gains. Bitcoin cash price climbed higher and tested the $135 resistance area. Tron (TRX) price is about to make the next move either above $0.0230 or below $0.0220. The crypto market could break higher, with bullish moves in bitcoin (BTC) and Ethereum (ETH). Binance coin (BNB), BCH,…

Ripple Price Analysis: XRP Could Trade Lower As Recovery Falls Flat

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Ripple price failed to hold gains above the $0.3120 and $0.3100 supports against the US dollar. The price tested the $0.3060 support and it is currently trading near the $0.3100 pivot level. There is a key contracting triangle in place with resistance at $0.3110 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair could either dip sharply below $0.3060 or it may rise above the $0.3110 and $0.3120 resistances. Ripple price trimmed its recent gains and declined against the US Dollar and bitcoin. XRP/USD might…

Ethereum Price Analysis: ETH Could Make a Sustained Move Higher

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ETH price managed to stay above the $130 support level and recovered above $132 against the US Dollar. There were swing moves near $130 before the price settled above the $132 pivot level. This week’s important bearish trend line was breached with resistance at $131 on the hourly chart of ETH/USD (data feed via Kraken). The pair is now facing a solid resistance near the $134 level and it could extend gains in the near term. Ethereum price spiked a few times higher against the US Dollar and bitcoin. ETH…

Analysts Wary That Bitcoin (BTC)’s Lull Could Set Precedent For A(nother) Crypto Plunge

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Bitcoin Price Action Looks Eerily Similar To Late-2018 Markets have patterns. There’s no hiding that non-secret. While these market trends may sometimes be hard to spot, sometimes, they’re more apparent than ever. This too is the case with Bitcoin (BTC) and cryptocurrencies, despite their nascency. Moon Overlord, a popular chartist with a mass of Twitter followers, recently drew attention to an interesting trend in BTC. The trader, who commands the eyes and ears of tens of thousands, notes that the price action seen since late-November is eerily similar to than…

Mark Karpeles Receives Suspended Sentence

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The Wall Street Journal reports that the verdict is in on Mark Karpeles. He was found guilty on just one charge: producing illegal records. The rest of the charges, including the loss of millions of dollars in Bitcoin, were dropped. Further, he was handed a suspended sentence. Karpeles Beats Most Charges, Receives Suspended Sentence for Producing Illegal Records In the US justice system, at least, a suspended sentence basically means that as long as the accused keeps their nose clean, they never have to go to jail. Karpeles’ defense attorneys…

How to Identify and Mitigate a Bitcoin Dust Attack

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Bitcoin transactions are not anonymous but users can still add a layer of privacy by using different addresses and other techniques to confuse blockchain surveillance. However, a de-anonymization method known as a dust attack is on the rise. If the microtransactions that characterize a dust attack go unnoticed, they can potentially be used to identify cryptocurrency users. Also read: The Long Relationship Between In-Game Gold and Bitcoin Continues to Thrive Peppering Crypto Networks With Dust to Deanonymize Users Cryptocurrencies like bitcoin cash (BCH) and bitcoin core (BTC) are not private…

Hacker Involved in 15 Mln Yen Crypto Theft Referred to Prosecutors

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An 18-year-old hacker was referred to prosecutors in the Japanese city of Utsunomiya for stealing cryptocurrency, local news outlet Japan Today reported on March 14. The cybercriminal allegedly hacked Monappy, a digital wallet which can be installed on a smartphone, and stole 15 million yen ($134,196) of cryptocurrency between Aug. 14 and Sept. 1 of last year. The hack reportedly affected more than 7,700 users. The hacker reportedly used the Tor software that enables users to anonymize web traffic. However, the police identified the hacker by analyzing the communication records…

Ethereum Won’t Fail: Joseph Lubin

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It’s no secret Ethereum was among the hardest hit coins during the crypto winter after a tough year of regulatory uncertainty surrounding security tokens and ICOs. If anyone should seem worried, it would be blockchain pioneer Joseph Lubin, whose company ConsenSys is an incubator for Ethereum projects. Yet, he couldn’t appear further from losing sleep. Lubin was featured as the Interactive Keynote speaker at SXSW 2019, where he shared his zen vibe with a live audience, saying: “Ethereum is not going away. It’s not going to fail. It will remain…

Consensus Algorithm Tendermint Raises $9 Mln in Series A Investment Round

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Blockchain consensus algorithm and peer-to-peer (P2P) networking protocol Tendermint has raised $9 million in a Series A investment round, according to a blog post published on March 14. Tendermint has raised $9 million in the Series A investment round led by cryptocurrency investment company Paradigm, with contribution from Bain Capital and 1confirmation among other investors. Part of the funds will purportedly be allocated to support of further development of the Cosmos Network and its ecosystem. The company also plans to spend the funds on the building staff and creating a…

Gatecoin Crypto Exchange to Shut Down on Court’s Orders

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Hong Kong-based cryptocurrency exchange Gatecoin will shut down and enter liquidation after an unsuccessful attempt to recover funds lost in a dispute with a former payment services provider. Announced yesterday, the company distributed the message to customers via their corporate website. There, the team behind the project explained the suspension of the service occurred after months of battling to stay afloat, and ultimately, a court order to wind-up and cease operations immediately. In its public statement, the company blamed its prior payment service provider (PSP) for this situation. The exchange…