Day: March 23, 2019

Why Bitcoin Plunged to 15th in China’s Bizarre Crypto Rankings

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China Electronic Information Industry Development (CCID), which operates directly under the Ministry of Industry and Information Technology of China, released its crypto rankings for March, featuring top 35 crypto assets in the likes of Ethereum, Bitcoin, EOS, TRON, and Ontology. Bitcoin dropped from 13th to 15th since last month while TRON climbed up the rankings to secure the number 2 spot. EOS topped the rankings, and Ethereum fell behind TRON at third. EOS & TRON Trump Bitcoin in China Blockchain Rankings Join CCN for $9.99 per month and get an…

Metamask Browser Extension Default Settings Broadcast ETH Addresses to Visited Websites

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Leading Ethereum (ETH) browser extension Metamask reportedly broadcasts ETH addresses to all websites a user visits in its default settings, a GitHub issue submitted on March 20 states. Metamask is a browser extension featured in the Brave browser — compatible with Mozilla Firefox, Google Chrome and Opera — that enables its users to interact with Ethereum-based decentralized applications (DApps). According to the aforementioned GitHub issue, Metamask broadcasts its users’ ETH address to all the websites visited in its default settings, with the post specifying that the ETH addresses are shown…

Bitcoin (BTC) Price Remains Vulnerable Below $4,000

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Bitcoin price rebounded nicely from the $3,875 support area against the US Dollar. The price traded above the $3,950 level, but it seems to be struggling near the $4,000 resistance. There is a major bearish trend line in place with resistance at $4,000 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair remains at a risk of a fresh drop as long as it is below the $4,000 and $4,040 resistance. Bitcoin price is facing a significant resistance near $4,000 against the US Dollar. BTC…

Bitcoin and the Agora: Every Transaction Outside the Nexus of State Control Is a Victory

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The cryptoconomy means many things to many people. For example, since the inception of Bitcoin in 2009, some individuals have used digital currencies as a form of agorism otherwise known as counter-economics. These people believe that using bitcoin as a tool to avoid state harassment is one of the technology’s key features with the potential to reduce the manipulation and civil abuses perpetrated by government bureaucracy. Also read: This Short Animation Might Make You Think Twice About Taxes Bitcoin and Agorism Since the creation of the Bitcoin network, many libertarians…

Police Arrest Four More Suspects in Alleged $14 Million Crypto Scam

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Law enforcement in Mumbai, India have arrested four more suspects allegedly involved in a cryptocurrency scam that amassed an estimated 1 billion rupees (over $14 million). English-language daily media outlet The Times of India reported on the arrests on March 22. Per the report, the police arrested Ashok Goyal Jaipuria, Asif Malpani, Baljit Singh Saini and Pradeep Arora from Delhi. Several of Goyal’s bank accounts have been reportedly frozen as well, since he is allegedly the head of the scheme. The Times of India also states that an unnamed Bollywood actor who…

EOS First, TRON Second, Ethereum Third, Bitcoin Fifteenth

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China has released its latest government-sponsored rankings of major cryptocurrencies on March 22, placing Bitcoin (BTC) in 15th, while EOS keeps its top spot. Tron (TRX) came in second, after overtaking Ethereum (ETH) in February. The crypto rankings by China’s Center for Information and Industry Development (CCID) were first announced in May last year. In this eleventh edition of the index, EOS has remained as the top-ranked blockchain, a place occupied by the platform since June 2018. The eleventh CCID Global Public Chain Technology Evaluation Index puts Tron on the second spot, as…

Ethereum Price Analysis: ETH Back In Familiar Range, Can Buyers Take Control?

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ETH price recovered nicely from the $132 support level and traded above $134 against the US Dollar. The price even cleared the $135 and $136 resistance levels, but upsides remain capped. There is a crucial bearish trend line formed with resistance at $138 on the hourly chart of ETH/USD (data feed via Kraken). The pair might face a strong resistance near the $138 level and it could drop back to $135. Ethereum price is slowly recovering higher against the US Dollar and bitcoin. However, there are many hurdles for ETH…

Crypto Bulls On Alert As Bitcoin (BTC) Flip-Flops Around $4,000

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Bitcoin Could Turn Bearish Under $3,900 Ever since Bitcoin (BTC) breached $4,000 a few days back, the market has entered a lull. Cryptocurrencies have held within a tight range, failing to show signs of either a bullish breakout of bearish reversal. Yet, some analysts are starting to fear a short-term collapse, as BTC flip-flops around $4,000 with indecision, a sign to some that a sell-off is in the works. Luke Martin, better known as Venture Coinist, remarked that if Bitcoin heads higher in medium-term time frames, like the four-hour or…

Ethereum (ETH), EOS, and Tron (TRX) Users Will Be Able to Interact With Each Other Thanks to Loom Network

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Deciding which blockchain will be most suitable for a Dappis the most critical choices of any developer; however, the Loom Network teamseems to have achieved the dream of interoperability that kept many developersand enthusiasts fantasizing on social networks (and working hard to make ithappen). In an announcement published on its official blog, the Loom Network team explains that thanks to the development of PlasmaChain, dAPPS running on Tron and EOS will be able to communicate smoothly with each other, and interact with Ethereum (the blockchain on which PlasmaChain runs). Over…

Russian State Duma Defers Consideration of Bill On Digital Financial Assets

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The State Duma of the Russian Federation has deferred consideration of the bill “On Digital Financial Assets” to April 2019,  local media outlet TASS reported on March 20. The second reading of the draft federal law “On Digital Financial Assets” has reportedly been rescheduled for April, following a decision made at the morning voting on the agenda of the plenary session. The initiative was taken by the Chairman of the State Duma Committee on Financial Market, Anatoly Aksakov, although he did not explain his motives. The bill “On Digital Financial…