Day: April 22, 2019

Bitcoin Price Analysis: BTC/USD May Break Out at $5,459

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Photo: QuoteInspector Key Highlights: Sideways movement may continue in the Bitcoin market in case the Bulls lose the pressure; the breakout at $5,459 level will expose Bitcoin price to $5,574 in case the Bulls gain more pressure; traders should be patient before taking a position. BTC/USD Medium-term Trend: Ranging Resistance levels: $5,459, $5,574, $5,840Support levels: $5,255, $4,988, $4,742 On the medium-term outlook, BTC/USD is still on the sideways movement. BTC/USD has been range-bound since April 17 within the supply level of $5,955 and the demand level of $5,255. On April…

South Korea’s Largest Car Supplier Hyundai to Use DLT in Smartphone-EV Pairing Tool

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South Korea’s largest car manufacturer, Hyundai Motor Group, will use blockchain in its new tech for pairing electric vehicles (EVs) with smartphones. Sustainable mobility-focused news agency Green Car Congress reported on the development on April 22. Hyundai reportedly announced development of smartphone-EV pairing based performance adjustment technology that allows users to customize primary functions via a smartphone application. In the claimed industry-first, Hyundai will reportedly implement blockchain technology to prevent security issues while users upload and share their custom settings on the server. As such, the upcoming system is set…

Crypto Project Takes on ‘Nonethical Hackers’ With Tech to Stop 51% Attacks

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A crypto platform says “pioneering technology” known as command chain protocol (C2P) is going to be instrumental in ensuring the industry is protected with strong security in the future. ILCoin says C2P was designed to prevent 51% attacks — one of the biggest risks that cryptocurrencies face today. This is when malicious actors acquire the majority of the computing power in a network, create a new chain and potentially double spend funds. As reported by Cointelegraph, Ethereum Classic fell victim to such an incident back in January. In its white…

This Japanese Cryptocurrency is Getting Dumped after Spiking 70% in a Week

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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. Monacoin traded lower on Monday after ending last week on a 50-percent gain. The MONA-to-dollar exchange rate fell as much as 30-percent to $0.94 from its Sunday peak. As of…

Vitalik Buterin Proposes Higher Staking Rewards for Upcoming ETH PoS Algorithm

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Ethereum co-founder Vitalik Buterin proposed a higher staking reward for the upcoming proof-of-stake (PoS) algorithm implementation on the Ethereum blockchain on GitHub on April 20. Per the proposal, 2,097,152 ether per year would be issued when 134,217,728 ether is staked and validating transactions, resulting in an annual return for stakers of 1.56%. The current circulating supply of the coin is 105,764,762 ETH, which means that this amount of stacked ether is a theoretical maximum of sorts. The proposal also estimates the annual return for various quantities of validating ether. For…

Rothschild-Linked Oil Tycoon Frank Timis Creates Ripples in Bitcoin Mining

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Photo: Argo Mining There is a big shakeup affecting Argo Blockchain. This mining company that manages and operates Argo Mining has stated that a Rothschild-linked London oil tycoon has joined the crypto mining pool. Frank Timis is described as a tycoon with a shadowy past who did a cannonball dive in the deep end of mining. Argo Blockchain came into the limelight not long ago. As we reported earlier, it became the first crypto company to list on the London Stock Exchange successfully. During the IPO, Argo Blockchain managed to…

Bullish Crypto Indicator Puts Near-Term Target for Bitcoin to Hit $6,000

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Chinese City of Guangzhou Issues Business License Using Blockchain and AI

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Major Chinese city Guangzhou has issued a business license using blockchain and artificial intelligence (AI) technology, local news agency Sohu reports on April 22. The license was issued at the administrative center of Huangpu District, Guangzhou, and represents the first blockchain and AI-powered business license in China, according to the news outlet. The type of the license, touted as “scan the code and start the company in one click,” reportedly allows startups to not only file an application, but also to open a bank account and to submit a tax…

Bitcoin Likely Bottomed At $3,150, Could Rally To $10K By December 2019

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Has Bitcoin (BTC) bottomed? This is the question that has pained crypto investors since BTC plummeted to $3,150 in the middle of December. While some, especially those subscribed to the Hyperwave theory, claim that cryptocurrencies are poised to head lower, a leading analytics researcher claims that if historical trends are followed, the bears have already bit the dust. Related Reading: Bitcoin May Have Bottomed, But Crypto Could Still See A “Black Swan” Event Bitcoin Might Just Have Bottomed In a recent Twitter post, PlanB, a pseudonymous industry analyst that hails…

JPMorgan Plots Blockchain Payments to Fight Transferwise, Ripple Threat

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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. By CCN.com: Wall Street firm JPMorgan has a plan to save the banking industry’s lucrative cross-border payments business from alternatives such as Bitcoin and fintechs such as Ripple and TransferWise…