Day: May 31, 2019

Bitcoin Adoption Is Ghost: Hardly Anyone Uses BTC for Payments, Bloomberg Says

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An analytical company Chainalysis shows that hardly anyone utilizes Bitcoin as means of payment, preferring to see it as a store of value and ‘hodl’ In spite of the recent massive price surge, Bitcoin seems to have a problem that few are aware of. An analytical firm Chainalysis Inc. from New York has recently shown that merely 1.3% of economic transactions were made by merchants in the first quarter this year. Bloomberg says that this amount has remained the same over the last few years. The current pace of adoption…

Hackers Now Stealing People’s Bitcoin via YouTube Videos  

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Crypto thieves are now embedding Qulab, the information-stealing and clipboard hijacking Trojan in YouTube videos promoting a fake Bitcoin generator tool, in a bid to steal victims’ bitcoin and other virtual currencies, according to a report by BleepingComputer on May 29, 2019. Hackers LaunchYouTube Bitcoin Trojan Per sources close to the matter, bad actors have developed a new campaign on YouTube that promotes a scam bot to deceive gullible YouTubers into downloading the app. The application’s sole aim is to steal the digital assets and other sensitive information by hijacking…

Bitcoin (BTC) Price Nosedives: Is This The Start Of Major Correction?

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Bitcoin price spiked above the $8,950 and $9,000 levels, but failed to hold gains against the US Dollar. The price declined heavily and traded below the $8,720 and $8,440 support levels. There was a break below a crucial bullish trend line with support at $8,560 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair is currently trading in a bearish zone below the $8,300 level and it could continue lower. Bitcoin price failed near the $9,000 level and declined sharply against the US Dollar. BTC…

Crypto Market Tumbles $30 Billion: Bitcoin Cash, BNB, EOS, TRX Price Analysis

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The total crypto market cap jumped to a new monthly high at $276.0B before a strong decline. Bitcoin price declined sharply below the $8,600 and $8,400 support levels. EOS price is down around 8% and it recently broke the $7.800 and $7.500 support levels. Binance Coin (BNB) traded below the $33.20 support level and it could test $31.50. Bitcoin cash price is down 10% and it recently broke the $450 and $440 support levels. Tron (TRX) price trimmed most gains and it is currently trading below the $0.0325 support. The…

Bitcoin (BTC) At $1,000,000 Still In Play, Says Venture Capitalist

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Bitcoin Bulls Are Back With the recent action in the crypto markets, Bitcoin (BTC) bulls have returned. Gone are the days when people were calling for the death of this market. In a recent interview with The Street, James Altucher, a prominent venture capitalist and former hedge fund manager, suggested that the ongoing BTC rally has just commenced. The investor, who rose to prominence in the cryptocurrency space when he became one of Bitcoin’s boosters in 2017, told the financial news outlet that Bitcoin may soon reach seven figures. Altucher,…

Ripple (XRP) Price Crashes Below Key Support: More Losses Possible

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Ripple price traded to a new monthly high at $0.4777 and recently declined sharply against the US dollar. The price broke the key $0.4570 and $0.4400 support levels to enter a bearish zone. This week’s crucial ascending channel was breached with support at $0.4500 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair traded as low as $0.3999 and it remains at a risk of more losses in the near term. Ripple price declined sharply against the US Dollar, similar to bitcoin. XRP broke the…

Ethereum (ETH) Price Reversed Gains: Support Turned Resistance

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ETH price traded to a new 2019 high close to $290 and declined heavily against the US Dollar. The price reversed most its gains and traded below the $260 and $250 support levels. There was a break below a major bullish trend line with support at $266 on the hourly chart of ETH/USD (data feed via Kraken). The pair tested the $240 level and it is currently correcting higher towards the $260 and $264 resistances. Ethereum price declined heavily below $260 versus the US Dollar, but remained flat vs bitcoin.…

Ethereum Usage And Adoption Uptick Has Analysts Bullish On ETH

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Ethereum Sees Strong Fundamentals Despite the fact that Bitcoin is gracing all the headlines, Ethereum (ETH) has done quite well for itself over the past few months. Both in terms of price action and fundamentals, the cryptocurrency has fared quite well in this bull-esque run. Let’s take a look at what’s up, and what analysts expect for Ethereum to do next in terms of prices. According to the ETH Gas Station, a data analytics provider for the blockchain, the Ethereum network broke its “record for Total Daily Gas Used” yesterday,…

Most Major Coins See Red as Market Corrects Downward, Gold in the Green

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Thursday, May 30 — Bitcoin (BTC), ether (ETH), and Ripple (XRP) are down as the crypto market sees a major correction following this morning’s rally. Nearly all of the top 50 cryptocurrencies are in the red at press time, according to data from Coin360. Market visualization courtesy of Coin360 After peaking at a 52 week high of over $9,000, BTC is down by 3.91% on the day, and is trading at $8,333 according to CoinMarketCap. The leading cryptocurrency currently has a market cap of $147.8 billion at press time. Bitcoin…

Irish University to Offer Blockchain Master’s Degree Following New Partnership

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Dublin City University has partnered with tech company network Technology Ireland ICT Skillnet to create the country’s first master’s program in blockchain technology. The new educational certification was announced by the Irish government’s Department of Business, Enterprise and Innovation on May 29. The “Master’s in Blockchain: Distributed Ledger Technologies” degree is the culmination of ICT Skillnet’s efforts to identify the skills upcoming blockchain engineers need to learn, with the help of blockchain educational hub Blockchain Ireland. The course is reportedly conducted online as a two-year part-time course, which will begin…