Day: April 28, 2019

Bitcoin at $6000 Could Prove Pivotal for Institutional Investors

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As the crypto markets make a slight recovery following their plummet earlier in the week, all eyes turn to the continued price gains of Bitcoin. Since the start of the year, BItcoin has posted more than 50 percent in gains, with the $6000 price mark becoming the next significant hurdle for the currency. Average investors may consider the psychological value of BTC at $6000, but institutional investors and their behavior will be the true indicators of market direction moving forward in 2019. Tom Lee, Fundstrat cryptocurrency analyst and regular Bitcoin…

Analyst: Bitcoin Isn’t ‘Hungover’ Anymore, But Don’t Expect A Rally Just Yet

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As traders have begun to realize that the news regarding the financial status of Tether Limited (USDT’s issuer) and Bitfinex isn’t all too harrowing, Bitcoin (BTC) has recently stabilized. In fact, analysts have claimed that the crypto market’s lack of reaction to the seemingly bearish news shows strong fundamental strength, and may, in fact, be a precursor to a bull run. Related Reading: Bitcoin Price Reaction to Tether Fiasco May Signal Strong Fundamental Strength However, a number of chartists have recently taken to Twitter to note that contrary to popular…

Analyst: Bitcoin Isn’t ‘Hungover’ Anymore, But Don’t Expect A Rally Just Yet

boss

As traders have begun to realize that the news regarding the financial status of Tether Limited (USDT’s issuer) and Bitfinex isn’t all too harrowing, Bitcoin (BTC) has recently stabilized. In fact, analysts have claimed that the crypto market’s lack of reaction to the seemingly bearish news shows strong fundamental strength, and may, in fact, be a precursor to a bull run. Related Reading: Bitcoin Price Reaction to Tether Fiasco May Signal Strong Fundamental Strength However, a number of chartists have recently taken to Twitter to note that contrary to popular…

Bitcoin (BTC) Bulls Firm Even if BitFinex May Refute NY AG Fraud Claims

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Bitcoin price successfully recover Apr-25 losses BitFinex says they are good players in the digital space and would protect their clients from NY OAG attacks Despite Apr-25 blip, BitFinex commitment is unwavering. Concurrently, Bitcoin bulls are resilient, and even with a threatening drop, buyers are back as prices snap back to primary trend. The way BTC shook off bears is suggestive of strong underlying support, and in that case, BTC may easily extend to $6,000. Bitcoin Price Analysis Fundamentals The jumble around Tether, BitFinex and the NY Office of AG,…

Twitter Shenanigans and Tether Probe in the Weekly Video Update From Bitcoin.com

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Cryptocurrency advocates try to get the CEO of Twitter to ban @Bitcoin and the New York Attorney General goes after the company behind Tether. This and more in the weekly video news update on Bitcoin.com’s Youtube channel. Also Read: How to Start Cloud Mining Bitcoin Cash Watch Bitcoin.com’s Weekly News Update This week’s show covers the latest attempts by BTC maximalists to deplatform @Bitcoin from Twitter over the account owner’s pro-BCH stance. One of them shared a private message sent to to the social media company’s CEO, Jack Dorsey, about…

Even With Samsung, Ethereum (ETH) Bulls Must Nullify Q4 2018 Bears

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Ethereum (ETH) steady above $150 After rumors of a public-private blockchain, Samsung investing in crypto projects Samsung is investing in crypto projects. Through Samsung Ventures, the electronics giant channeled $2.9 million in Ledger before investing an undisclosed amount in ZenGo which managed to raise $4 million. Meanwhile, Ethereum (ETH) is recovering after retesting $150 support. Ethereum Price Analysis Fundamentals Talks of Ethereum 2.0, Serenity and EIP 1234 apart, the involvement of Samsung is massive for Ethereum (ETH). As a reiteration, Samsung is experimenting and part of their trials may lead…

Ontology to Launch Regulated USD-Backed Stablecoin PAX on its Blockchain

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Enterprise blockchain platform Ontology (ONT) plans to launch a version of the regulated USD-backed stablecoin Paxos Standard (PAX) on its own blockchain. The company announced the news in a press release published on April 27. Per the release, the new token (PAXO) will be based on Ontology’s OEP-4 token standard, which will enable atomic swaps between the Ontology-based main blockchain and other blockchains. This feature reportedly aims to make it easier for institutions and individuals to do business in fiat terms in the Ontology ecosystem. The company claims that PAX…

Digitex Futures Delays Launch of Zero-Fee Futures Exchange, Cites Development Hiccups

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The much awaited zero-fee futures exchange, Digitex Futures has postponed its launch date. The team behind the venture, led by founder and CEO Adam Todd has regretfully announced the change in plans due to few unforeseen technical shortcomings. The announcement was accompanied by a public apology recorded in a video by Todd. In the video, he explains the issue at hand and states the reasons behind such a decision. Bearing full responsibility for the issue, he has stated that the circumstances arose due to misplaced trust in the wrong developers.…

Cosmos Soars 27% Upon Binance Listing, Earns Crypto Community Praise

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By CCN.com: ATOM, the native crypto asset of the highly anticipated Cosmos blockchain network, has been listed by Binance, the world’s largest crypto exchange. ATOM rises by more than 27 percent in the past 24 hours (source: coinmarketcap.com) Changpeng Zhao, the CEO of Binance, said that the development team behind Cosmos refused to communicate with exchanges regarding listing opportunities but Binance proactively listed it due to its support of the project. “Here is a project that refused to even talk to an exchange about listing (and we have a good…

How a Hacker Has Been Stealing Millions Worth of ETH by Guessing Weak Private Keys

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Earlier this week, United States-based security consulting firm Independent Security Evaluators (ISE) published a report on private keys for the Ethereum blockchain. Despite establishing around 700 weak private keys that are being regularly used by multiple people, the researchers found a “blockchain bandit” who has managed to collect almost 45,000 ether (ETH) by successfully guessing those frail private keys. Cointelegraph interviewed Adrian Bednarek, a senior security analyst at ISE, to find out more about what they describe as “ethercombing.” Research background and chief findings Bednarek says he discovered the hacker…