Day: April 23, 2019

Bitcoin Almost Touches $5,600, Forming Its First Bullish Golden Cross Since October 2015

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Tuesday, April 23 — crypto markets rallied today, with bitcoin (BTC) hitting its new 2019 high of over $5,500. Most of the top 20 cryptocurrencies by market cap are solidly in green at press time, with tezos (XTZ) having jumped more than 12% over the past 24 hours. On the other hand, binance coin (BNB) and bitcoin SV (BSV) tumbled around 2.7% and 1.2%, respectively. Market visualization from Coin360 Bitcoin continued to gain momentum and has surged to as high as $5,590 today, according to CoinMarketCap. At press time, the…

White Paper Writers Can Earn $50K, But Say Startups Often Mislead Investors

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White paper writers are earning up to $50,000 per job, according to a Decrypt investigation published on April 22— but the freelancers involved have accused some startups of misleading investors. The writers told the website as part of its two-week investigation that completing a paper can take up to eight months and cost between $1,000 and $50,000, with most of the work found via platforms such as LinkedIn and Upwork. Many of those interviewed alleged they were “constantly required to fabricate and exaggerate facts.” Adefemi Yusuff Adegoke, one white paper writer, noted that…

Binance DEX Launches on Native Mainnet Earlier Than Planned, Invites Community Input

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Binance, the world’s largest crypto exchange by adjusted volume, has launched its decentralized trading platform (DEX) earlier than planned, according to a press release shared with Cointelegraph on April 23. The move comes just a week after the exchange launched its native blockchain, Binance Chain, which will power the new decentralized platform. While Binance DEX trading is set to go live at an unspecified later date, users can as of today create wallets on the platform — either Binance’s official Trust Wallet or other third-party wallets. They can also access…

Bitcoin Price Sees First ‘Golden Crossover’ Since 2015

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View Bitcoin’s daily chart is reporting a “golden crossover” – a bull cross of the 50- and 200-day moving averages – for the first time since October 2015. The crossover represents a long-term bearish-to-bullish trend change. A convincing close today above $5,466 (April 10 high) would establish another bullish higher high and boost the prospects of a rally to $6,000. That rally, however, may be preceded by consolidation or price pullback, as the golden crossover is accompanied by the overbought readings on the relative strength index and a neutral long/short…

Bitcoin Hits $5,600 in a Monumental Rally From Technical Perspective, What’s Ahead?

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Bulls, it’s been a minute. Over the past few hours, Bitcoin (BTC) has begun to rally again, pushing past $5,400, $5,500, and even $5,600 (albeit briefly) after nearly a week of mundane stagnation. While this move seems to be just another Monday pump, which could be deemed not significant by some, this unexpected bump is monumental from a technical analysis perspective. If you haven’t checked Crypto Twitter for the past week, BTC just printed a golden cross, whereas its 50-day moving average has crossed over its 200-day, signifying that bears…

BitGo Completes Further SOC 2 Compliance Certification Year After Deloitte Award

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Blockchain security firm BitGo has gained a further security certification from an external auditor after a review of its compliance, cryptocurrency industry news resource The Block reported on April 23. BitGo, which last year gained a service organization control (SOC) 2 Type 1 certification from Deloitte, has now upped its procedures to conform to the Type 2 requirements of the same standard. SOC 2 is a universal reporting framework, and Type 2 is known as “Controls at a Service Organization Relevant to Security, Availability, Processing Integrity, Confidentiality or Privacy.” This…

Mobile Decentralized Exchange Says It Prevents Hacking, Cuts Fees and Offers Fixed Rates

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A crypto company is launching “one of the first inter-blockchain, mobile decentralized exchanges” on April 23 — and says its platform is going to solve major problems currently seen in its centralized counterparts. According to the SovereignWallet Network, M.DEX is designed to address three key issues that have been having a detrimental effect on the usability and security of crypto transactions, for experienced consumers as well as newcomers. The first concerns the high risk of hacking associated with centralized exchanges. SovereignWallet says many of these rivals regularly perform virtual trading on…

Binance Launches DEX, Sparks Era of Decentralized Crypto Exchanges

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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. The world’s largest crypto exchange Binance has launched Binance Decentralized Exchange (DEX) on April 23 following the official release of the Binance Chain mainnet. Binance DEX, a non-custodial and decentralized…

21-Year-Old Jailed for 10 Years After Stealing $7.5M in Crypto By Hacking Cell Phones

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A 21-year-old man has been sentenced to 10 years in prison after becoming one of the first people in the United States to be convicted of stealing cryptocurrency by hacking into cell phones. Prosecutors in Santa Clara announced the jail sentence on April 22. In February, Joel Ortiz had pleaded guilty and to theft and accepted the 10-year plea deal. Ortiz stole more than $7.5 million from at least 40 victims: the press release notes that he then spent $10,000 a time at Los Angeles nightclubs, hired a helicopter to fly…

What is Market Making in the Cryptocurrency World?

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When the Internet was born, the biggest investment opportunities opened up to the world. Post-Internet, a blockchain has changed the history of investment. It is after all, the very technology that powers Cryptocurrency, the future of money and markets. Cryptocurrencies, however, are notorious for being high-risk due to their unpredictable  price fluctuations. But today, if more and more traders are investing in crypto-assets with higher confidence it’s because of the market makers. In the cryptocurrency world, market making is actively buying from one investor and selling to another to provide…