Day: April 7, 2019

Dubbed Crypto’s Hot New Trend, Staking Raises Major Security Risks

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Dubbed Crypto’s Hot New Trend, Staking Raises Major Security Risks

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Get Exclusive Analysis and Investing Ideas of Future Assets on Hacked.com. Join the community today and get up to $400 in discount by using the code: “CCN+Hacked”. Sign up here. Get Exclusive Analysis and Investing Ideas of Future Assets on Hacked.com. Join the community today and get up to $400 in discount by using the code: “CCN+Hacked”. Sign up here. During what has become the longest bear market to date in cryptocurrency, it’s no surprise that anxious investors are eager to find alternative strategies to continue making gains during the…

Is Ripple (XRP) Undervalued After Fiat—ILP Interoperability Demo?

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Ripple prices up 16.3 percent InterLedger Protocol (ILP) is a game changer. The team behind InterLedger Protocol (ILP) are not slowing down, and now that we have a fiat connector, it’s only a matter of time before the benefits of a real Internet of Value begins to permeate. With optimism around interoperability, we expect Ripple (XRP) prices to increase towards 80 cents. Ripple Price Analysis Fundamentals Here’s what InterLedger Protocol can do. The Ripple innovation can connect banks, mobile money platforms, stock exchanges, clearing houses and different ledgers. By ledgers,…

Bitcoin (BTC) Is Not a “Joke” or a “Bubble”, $6,000 Easy Target

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Bitcoin prices up 25 percent in the last week Investment by high net-worth investors and corporations mean Bitcoin is here to stay. Wall Street leaders like Fidelity are investing and participating in infrastructure development squashing claims that Bitcoin and Blockchain are just but “Fool’s Day Joke.” Meanwhile, Bitcoin (BTC) is firm above $5,000 and bulls now aim at $6,000. Bitcoin Price Analysis Fundamentals Unlike JP Morgan’s Quorum protocol, Bitcoin is free, permissionless and open source. That means any developer from any part of the world can analyze the network’s modus…

Is the Anticipated “Altcoin Season” Imminent?

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Bitcoin at Most Overbought Level Since Record Bull Run: Bloomberg Analyst

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Bitcoin (BTC) is at its most overbought level since its record highs in December 2017, Bloomberg Intelligence analyst Mike McGlone claimed in an article published on April 5. Per the report, Bitcoin’s GTI Global Strength Indicator shows that the coin has not been this overbought since its price neared its record peak of $20,000. Bloomberg also claims that similar patterns in the past have heralded multi-week long downturns. Bitcoin’s GTI Global Strength Indicator. Source: Bloomberg According to McGlone, recent market market growth occurred because of long-term price compression and low…

Bitcoin Price Aims for ‘Parabolic’ Bull Market, Sets Long-Term Target at $72,000

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Bitcoin Climbs Over $5,100 as Top Cryptos See Solid Gains

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Sunday, April 7 — most of the top 20 cryptocurrencies are seeing moderate to notable gains on the day by press time, as Bitcoin (BTC) climbs over the $5,100 mark. Market visualization courtesy of Coin360 Bitcoin’s price has seen a gain of two and a half percent on the day, trading at around $5,156 by press time, according to CoinMarketCap. Looking at its weekly chart, the current price is a solid 20% higher than $4,095, the price at which Bitcoin started the week. Bitcoin 7-day price chart. Source: CoinMarketCap Bloomberg analyst…

Bitcoin Mining Firm Hut 8 Lays Off More Employees

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Hut 8, a Canadian Bitcoin mining firm has laid off more employees, citing poor revenue figures due to the prolonged cryptocurrency bear market of 2018. The Canadian Broadcasting Corporation (CBC) reports that it is the second round of staff cuts, following layoffs earlier in January 2019, as the company reportedly attempts to streamline its operations in 2019. Bitfury Partner Company Forced to Cut Staff Strength A former employee of the firm who spoke to CBC News said the company laid off about 25 percent of its staff strength around the…