Month: May 2019

Cryptocurrencies bounce back with Bitcoin scoring 10% gains this monday

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Bitcoin soared to the highest level in a year, extending a run that has seen prices more than double since March. The largest cryptocurrency climbed as much as 10 per cent on Monday from levels on Friday, and was trading at $8,847 as of 10.25am in Tokyo. Rival coins were also stronger at the start of the week. Litecoin added almost 9 per cent and Ether, the second largest digital token, rose 6 per cent. Crypto proponents are taking encouragement from a string of recent headlines showing greater interest in…

Deutsche Telekom Unit to Cooperate With Binance-Listed Project on Autonomous IoT Network

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A unit of German telecom giant Deutsche Telekom will work with Binance-listed project Fetch.AI (FET) to develop decentralized IoT network innovations, according to a press release shared with Cointelegraph on May 22. Fetch.AI, a Cambridge-based tech startup, has signed a memorandum of understanding (MoU) with Deutsche Telekom’s T-Labs to build and implement autonomous agents (AEAs) on the Fetch.AI test network in order to integrate them into Internet of Things (IoT) device communications. The new partnership intends to find out how AEAs can be incorporated into IoT devices in order to…

Why Analysts are Adamant Bitcoin Rally is Just Gettin’ Started After 130% Gain

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The past 12 hours have been a blur for the crypto asset market. In a matter of hours, Bitcoin (BTC) rushed passed key resistance levels at $8,000, $8,400, and $8,800. This marked the first time that BTC had decisively broken above $8,400 since May… 2018. Sitting at $8,850 as of the time of writing this, Bitcoin is situated in an area of minimal support and resistance, leading some to postulate what comes next for digital assets. Let’s take a look at what analysts think. Related Reading: Binance’s CZ Expects Bitcoin…

Why Analysts are Adamant Bitcoin Rally is Just Gettin’ Started After 130% Gain

boss

The past 12 hours have been a blur for the crypto asset market. In a matter of hours, Bitcoin (BTC) rushed passed key resistance levels at $8,000, $8,400, and $8,800. This marked the first time that BTC had decisively broken above $8,400 since May… 2018. Sitting at $8,850 as of the time of writing this, Bitcoin is situated in an area of minimal support and resistance, leading some to postulate what comes next for digital assets. Let’s take a look at what analysts think. Related Reading: Binance’s CZ Expects Bitcoin…

Cryptopia Fumbles Customers’ Stolen Crypto Recovery in Catastrophic F**kup

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By CCN: Cryptopia, the cryptocurrency exchange shattered by an over $16 million hack earlier this year, is in a huge mess as a third-party server host demands $2 million to release customer data. The fall of Cryptopia In January, Cryptopia got hacked two times. In the first case, the attacker stole approximately $16 million worth of Ethereum tokens from over 76,000 wallet addresses. At the second time, the losses were less significant; the hacker siphoned a total of 1,675 ETH. PLEASE DO NOT SEND ANY DEPOSITS TO CRYPTOPIA. — Cryptopia…

Cryptopia Fumbles Customers’ Stolen Crypto Recovery in Catastrophic F**kup

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By CCN: Cryptopia, the cryptocurrency exchange shattered by an over $16 million hack earlier this year, is in a huge mess as a third-party server host demands $2 million to release customer data. The fall of Cryptopia In January, Cryptopia got hacked two times. In the first case, the attacker stole approximately $16 million worth of Ethereum tokens from over 76,000 wallet addresses. At the second time, the losses were less significant; the hacker siphoned a total of 1,675 ETH. PLEASE DO NOT SEND ANY DEPOSITS TO CRYPTOPIA. — Cryptopia…

Telegram’s TON Testnet Blockchain Light Client Uploaded to GitHub

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A GitHub user seeming uploaded the first version of the Telegram Open Network (TON) blockchain light client on May 25. Per the readme information file on GitHub, the client — if configured properly — connects to a full node for the TON blockchain testnet and sends some queries to it. The apparent existence of a testnet is in line with reports released in April, according to which Telegram opened access to a testing version of the TON Blockchain to a limited number of global developers, including Russian development teams. The document…

Yahoo! Japanese Cryptocurrency Exchange Taotao Confirms May 30 Launch

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Japanese cryptocurrency exchange Taotao will launch its trading service on May 30, Cointelegraph Japan reported Monday, quoting a social media update. Taotao, which is 40% owned by internet giant Yahoo! Japan’s YJFX, will initially offer trading in bitcoin (BTC) and ether (ETH). Margin trading will also be available in litecoin (LTC), XRP and bitcoin cash (BCH) in addition to BTC and ETH. The start date brings to a close a year-long process since Yahoo! Japan closed the 40% percent equity deal in the exchange, then called BitARG, in April 2018.…

Bitcoin Price Backs Off 12 Month Highs, But Bias Remains Bullish

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View Bitcoin has retraced slightly from the one-year high of $8,940 reached earlier today. Any pullbacks could be short-lived, however, as buying pressure is currently the strongest in over five months, according to a weekly chart indicator. A pennant breakout on the daily chart indicates scope for a rally to $10,000 in the near-term. On the way higher, BTC may encounter resistance at the key Fibonacci level of $9,442. The bullish case would weaken if prices fall back below $8,000 in the next day or two. Bitcoin (BTC) has pulled…

Bitcoin Hits Highest Price Point in Over a Year, Pushing Toward $9,000

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Monday, May 27 —  following a mild correction yesterday, the crypto markets have seen strong positive momentum today, with bitcoin (BTC) soaring to its highest price point in over a year. Virtually all of the top 50 cryptocurrencies are seeing solid green, as Coin360 data shows. Market visualization courtesy of Coin360 Bitcoin has reported over 9% in growth on the day and is trading at $8,727 by press time. Having briefly dipped below $8,000 yesterday, May 26, the top coin saw a sharp rally kick in towards the evening. Bitcoin…