Day: March 27, 2019

Ripple Price Analysis: XRP Primed For Lift-Off Above $0.3100

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Ripple price tested the next key support near $0.2920 and later bounced back against the US dollar. Bulls took control and pushed the price above the $0.2980 and $0.3000 resistance levels. This week’s followed key bearish trend line was breached with resistance at $0.3010 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair rallied above the $0.3020 resistance and it may even climb above $0.3065 and $0.3080. Ripple price traded to new weekly lows before rebounding higher against the US Dollar and bitcoin. XRP/USD settled…

Ethereum Price Analysis: ETH Bulls Comeback Could Gain Momentum

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ETH price traded to a new weekly low near $131 and later climbed higher sharply against the US Dollar. The price broke a few important resistances near the $133 and $134 levels. This week’s followed major bearish trend line was breached with resistance at $135 on the hourly chart of ETH/USD (data feed via Kraken). The pair is now trading nicely above the $135 level and it may continue to rise towards the $138 resistance. Ethereum price reacted sharply after testing major supports against the US Dollar and bitcoin. ETH…

Bitcoin (BTC) Now Entering “Bear-To-Bull” Phase, Claims Analyst

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Bitcoin To Breakout For $6,000 Towards EoY While the crypto market slipped on Monday, some traders have kept their heads high. Through a recent Trading View post/update, Magic Poop Cannon, a highly optimistic Bitcoin (BTC) analyst, explained why he believes the lead cryptocurrency is entering a “long bear-to-bull transition phase.” He first draws attention to the 150-day moving average (150 MA). The 150 MA isn’t as conventional as the 200 MA, which investors en-masse see as a level of utmost importance, but Magic claims that it has been a level…

Alleged CabbageTech Crypto Fraudster Indicted on Nine Counts

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United States Attorney for the Eastern District of New York Richard P. Donoghue unsealed a nine-count indictment against Patrick McDonnell today, according to a press release from the Department of Justice (DoJ) on March 26. Following his arrest earlier today, McDonnell — the owner and operators of purported investment firm CabbageTech — was charged with nine counts of wire fraud in connection with an alleged plan to defraud cryptocurrency investors. Donoghue said in the press release: “As alleged, the defendant defrauded investors by making false promises and sending them fraudulent…

Lazarus Hacker Group Adopts New Methods, Continues Targeting Crypto

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Alleged North Korea-sponsored cybercrime group Lazarus is still targeting cryptocurrencies and adopting new tactics, according to a new report from cybersecurity and anti-virus company Kaspersky Lab published on March 26. The report reveals that allegedly state-sponsored hacker group Lazarus has been active with a new operation since last November, wherein the group uses PowerShell that allows them to manage and control Windows and macOS malware. The Lazarus team has reportedly developed custom PowerShell scripts that interact with C2 malicious servers and execute commands from the operator. C2 server script names,…