Day: May 8, 2019

10 Days of Ethereum Price MOON

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By CCN.com: Things are suddenly looking a lot rosier for Ethereum after a fruitful ten days in which it was courted by Elon Musk, welcomed by futures regulators, and integrated on Microsoft Azure. Markets responded positively to the increased attention on the No.2 cryptocurrency, sending the ETH price on a 17.5% surge which continues at the time of writing. Elon Musk: The Tweet That Launched a Thousand Ether It began with a tweet. When Elon Musk sent out a one word comment on April 29th, it sparked the beginning of…

IBM to Track Fresh Shrimp on the Blockchain

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The IBM Food Trust ecosystem gained another member this week with the joining of the Sustainable Shrimp Partnership (SSP). The new deal with IBM will use blockchain technology and will provide traceability of SSP shrimp from farm to fork  “Food fraud is on the rise. With complex supply systems, and a global lack of transparency we are seeing too many examples of mislabeling and poor quality products entering the marketplace,” said Jose Antonio Camposano, Executive President of the National Chamber of Aquaculture of Ecuador. “It’s time we change that. Consumers have a…

Bitcoin (BTC) Price Remains Strong Buy On Dips Despite Binance Hack

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Bitcoin price traded to a new 2019 high above $5,950 and recently corrected lower against the US Dollar. The price declined below the $5,900 and $5,840 support levels, but it remained well bid. There was a break below a connecting bullish trend line with support near $5,840 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair is likely to climb higher once towards the $5,880 and $5,900 levels in the near term. Bitcoin price started a downside correction after testing $5,950-6,000 against the US Dollar.…

Defiant Binance CEO Insists ‘We Aren’t Short on Funds’ after $40 Million Hack

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By CCN.com: Binance CEO Changpeng Zhao says that the exchange is not hurting at all after the $40 million hack that reportedly took place earlier today, in which hackers managed to withdraw around 7000 BTC. He encouraged anyone that wanted to make donations to make them instead to Binance Charity, during a live stream on Twitter, in which he addressed several questions beyond the 7000 BTC that were stolen by hackers. CZ Turns It into General Q&A Users took the opportunity to pose a ton of random questions about Binance.…

Defiant Binance CEO Insists ‘We Aren’t Short on Funds’ after $40 Million Hack

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By CCN.com: Binance CEO Changpeng Zhao says that the exchange is not hurting at all after the $40 million hack that reportedly took place earlier today, in which hackers managed to withdraw around 7000 BTC. He encouraged anyone that wanted to make donations to make them instead to Binance Charity, during a live stream on Twitter, in which he addressed several questions beyond the 7000 BTC that were stolen by hackers. CZ Turns It into General Q&A Users took the opportunity to pose a ton of random questions about Binance.…

Crypto Market Testing Key Support: Bitcoin Cash, BNB, EOS, Tron Analysis

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The total crypto market cap corrected lower sharply and tested the $178.0B support area. Bitcoin price retreated after testing the $6,000 resistance and tested $5,850. EOS price is down 3% and it is currently trading near the $4.85 support level. Binance Coin (BNB) declined sharply after 7,000 BTC was stolen from Binance exchange. Bitcoin cash price struggled to stay above the $290 level and it recently broke the $285 support. Tron (TRX) price is trading with a positive bias and it is currently up 1.5%. The crypto market cap tested…

Ripple (XRP) Price Prediction: Breakout or Further Decline?

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Ripple price failed to hold gains above $0.3020 and declined recently against the US dollar. The price traded to a new weekly low below the $0.2950 and $0.2920 support levels. There is a major bearish trend line formed with resistance near $0.3000 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair is likely to decline further as long as it is below $0.3000 and $0.3020. Ripple price is struggling to gain bullish momentum against the US Dollar and bitcoin. XRP remains at a risk of…

Ethereum (ETH) Price Back To Support After Binance Hack News

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ETH price started a fresh decline after tagging the key $180 resistance level against the US Dollar. The price broke the $175 and $169 support levels to test the next support near $164. There is a short term connecting bearish trend line in place with resistance at $172 on the hourly chart of ETH/USD (data feed via Kraken). The pair could consolidate for a few hours before it could test the $172 and $174 resistance levels. Ethereum price trimmed most its recent gains versus the US Dollar and bitcoin. ETH…

Crypto Community Reacts But Bitcoin Barely Blips

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When the largest crypto exchange on the planet announces that it has been hacked one would expect an avalanche in crypto prices but Bitcoin is already starting to recover a few hours later. Binance Breached But Crypto Funds SAFU Around four hours ago the world’s largest exchange by daily volume reported that it had suffered a security breach. Binance and its enigmatic owner Changpeng ‘CZ’ Zhao have often boasted their security prowess and that digital assets are safe or ‘SAFU’ (secure asset fund). That didn’t stop hackers making off with…

Tron’s Justin Sun Offers to Deposit 7,000 BTC into Hacked Binance

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By CCN: It’s during the tough times that you find out who your real friends are. If there was any doubt the crypto ecosystem is filled with people who respect Binance CEO Changpeng Zhao, they were erased today. If you didn’t hear, Binance suffered a hack in which 7,000 BTC worth an eye-popping $40 million was stolen from the crypto exchange. In the wake of that security breach, not only did industry leaders such as Justin Sun rally behind CZ, but users of the exchange were extremely supportive. The Tron…