May 28, 2019

EOS Price Hits 10-Month High Ahead of ‘Big Announcement’ Tease

May 28, 2019 boss

By CCN: EOS price rose above $8 this Tuesday for the first time in over ten months. The world’s fifth largest cryptocurrency by market capitalization climbed to $8.272 ahead of the Asian market open. While the price corrected lower towards $7.73 as the session matured, the move did not shake the overall bullish bias. EOS appeared stronger than other top-ranking digital assets by posting a 16-percent growth in the past 24-hours, bringing about $1 billion capital to its market valuation. Only Tron and Ethereum came slightly closer to EOS gains…

Bitcoin May Experience “Sizable Correction” Before $10K, BTC Tops Out: Traders

May 28, 2019 boss

No matter how the Bitcoin (BTC) price acts, bearish analysts always make their voices heard. Once the crypto asset exploded above $8,400 on Sunday, pushing to a smidgen shy of $9,000, these somewhat cynical traders have come out of the woodwork to suggest that the party for Bitcoin may soon end. Related Reading: Crypto is Here to Stay? Microsoft Adds Bitcoin Symbol to its Excel Program After Bitcoin Spikes To $8,900, Analysts Await Drawdown The cryptocurrency market is unlike no other. On Sunday, the entire asset class gained 10% as…

Bitcoin May Experience “Sizable Correction” Before $10K, BTC Tops Out: Traders

May 28, 2019 boss

Bitcoin Price Raises Bull Flag in Preparation for Possible Move Higher

May 28, 2019 boss

View Bitcoin has formed a bull flag pattern on the hourly chart in the last 24 hours. A break above $8,890 would confirm a bull flag breakout and create room for a rally to $9,940 (target as per the measured move method). On the way higher, BTC may face resistance at the key Fibonacci level of $9,442. BTC confirmed a pennant breakout on Sunday. The hourly chart flag breakout, therefore, looks likely. A close below the 10-day moving average (MA), currently at $8,193 would abort the short-term bullish outlook, although…

EOS Price Breaks $8 Barrier as Block.One Spends $25 Million on RAM

May 28, 2019 boss

Best growing altcoin is EOS that surged 14.25% to $7.95 in front of the Litecoin. Daily volume for EOS has pumped to $5.2 billion and its Block.one revealed that they’ve spent $25 million on RAM ahead June 1st big announcement. The biggest one growing altcoin is definitely EOS which price surged more than 15 percent taking the fifth place in front of the Litecoin. From $6.90 the Ethereum rivaling token surged to an intraday high of $8.05 before pulling back slightly. Daily volume for EOS has pumped to $5.2 billion…

Bitcoin Climbs China’s Crypto Rankings to #12 with Meteoric 135% 2019 Gain

May 28, 2019 boss

By CCN: China Electronic Information Industry Development (CCID), an agency that works directly under the Ministry of Industry and Information Technology, has released its newest crypto rankings, which saw bitcoin climb up to 12th from 15th. EOS tops CCID rankings, bitcoin climbs 3 places (source: CCID) In March, CCID ranked bitcoin, the most dominant crypto asset in the global market, at 15th while placing EOS as the top blockchain protocol in terms of applicability and creativity. EOS and TRON, two scalability-focused blockchain networks with large transaction capacity, have topped…

JPM Develops New Privacy-Enhancing Tool for Payment Mechanisms on ETH Blockchain

May 28, 2019 boss

JPMorgan Chase (JPM) — the United States’ largest bank — is reportedly poised to release an open-source extension that enhances the privacy of payment mechanisms on Ethereum-based blockchains. The development was reported by crypto media outlet Coindesk on May 28. The new tool has reportedly been designed as an extension to the Zether protocol. As reported, Zether is a privacy-focused payment mechanism that is compatible with Ethereum and other smart contract platforms. The protocol uses zero-knowledge proof (ZKP) technology and was developed by researchers from Stanford University and Visa Research…

Hackers Seeding Ransomware via Bitcoin and Ether Giveaways

May 28, 2019 boss

While the entire cryptospace is busy celebrating the return of the “bulls,” bad actors have formulated a new scheme aimed at stealing victims’ cryptos and injecting ransomware into their systems. These hackers are now using several websites to push their fake bitcoin (BTC) and ether (ETH) giveaway programs, according to a Bleeping Computer report on May 26, 2019. No Free Bitcoin Anywhere Per sources close to the matter, hackers are now promoting a fake “Bitcoin Collector” scam promising users $5 to $30 worth of free bitcoins when they run the…

Iran Developing National Blockchain Platform on IBM Hyperledger Fabric

May 28, 2019 boss

The Central Bank of Iran (CBI), via its Informatics and Services Corporation (ISC) and in conjunction with Areatak — a Tehran-based blockchain solutions provider — is developing a national blockchain project for its banking and financial sector. Called the Borna platform, Iran hopes to use the project to revamp its banking ecosystem, creating a digital financial economy that will replace the current legacy system. There are also future plans to open up the platform to local private establishments, creating a unitary monetary and banking system for the country. Given the…

3 Killer Reasons Bitcoin Price Will Smash $30,000 Before 2020: Fund Manager

May 28, 2019 boss

By CCN: Bitcoin price will hit $30,000 by the end of 2019, according to Kenetic Capital co-founder Jihan Chu. In an interview with Bloomberg, he points to three bullish factors including the upcoming bitcoin halving, the disappointment of tech IPOs, and the likes of Facebook and Fidelity embracing crypto. Chu’s $30k price target comes as bitcoin teases the $9,000 mark and ticks over a $150 billion market cap. “Ten years out from the bitcoin story, and we are starting to see the story become a reality. and what people are…