This Bitcoin Price Dump Isn’t Over

The bitcoin price suffered a painful crash this week, but bulls shouldn’t imagine the worst is over. This dump isn’t finished – not even close. | Source: Shutterstock By CCN Markets: The bitcoin price suffered a massive setback on August 28th, crashing through support at $10,000 before testing the low $9,000s. We warned that this dump would eventually happen, and unfortunately for bulls, technical analysis reveals that the pain isn’t over yet – not even close. Bitcoin Price Technical Analysis Reveals Bearish Outlook The 2019 bitcoin price rally has been…

This Bitcoin Price Dump Isn’t Over – Not Even Close

The bitcoin price suffered a painful crash this week, but bulls shouldn’t imagine the worst is over. This dump isn’t finished – not even close. | Source: Shutterstock By CCN Markets: The bitcoin price suffered a massive setback on August 28th, crashing through support at $10,000 before testing the low $9,000s. We warned that this dump would eventually happen, and unfortunately for bulls, technical analysis reveals that the pain isn’t over yet – not even close. Bitcoin Price Technical Analysis Reveals Bearish Outlook The 2019 bitcoin price rally has been…

Cryptocurrencies Such as Bitcoin Cash Shine During Hong Kong Protests

The Hong Kong protests started in June 2019 over a controversial bill and now after weeks of demonstrations, marching citizens are fighting for the future of Hong Kong. In the midst of all the activists protesting, digital currencies like bitcoin cash are being promoted as a way for people to remove themselves from China’s system. Also Read: Venezuelan Pharmacy Chain Accepts Bitcoin Cash for Medicine and Products Hong Kong Protests Continue Into the 12th Week It’s been more than 12 weeks of protests in Hong Kong that started with the…

Why Asian Tech Companies Are Betting Big on dApps

The jury is still out on dApps. Despite dApp stores, smart contracting platforms, launchpads, and distributed storage solutions soaking up vast amounts of ICO money before the tide went out on that fundraising model, they’ve yet to achieve critical mass within the cryptosphere, let alone mainstream society. “It’s still early – give it time,” dApp defenders will say, and they’ve got a point. But crypto can’t stay like 1996 for the internet forever. At the moment, it feels like there are more dApps than there are dApp users. The lack…

Stablecoins Vulnerable to Regulatory Uncertainty: European Central Bank

Stablecoins with a clear governance framework may be hampered by the uncertainty of the lack of regulation, according to the European Central Bank (ECB). Four major types of stablecoins outlined On Aug. 29, the ECB released a new paper devoted to stablecoins, which it describes as digital units of value that are not a form of any specific currency but rather rely on a set of stabilization tools in order to minimize fluctuations in their price. The ECB’s paper is called “In search for stability in crypto-assets: are stablecoins the…

New Parity Update Fixes a Vulnerability Present in Some ETH Nodes

Blockchain software development firm Parity released an update for its Ethereum (ETH) node software which fixes a vulnerability present in some instances. Remote node crashing vulnerability In a blog post published on Aug. 29, Parity announced the release of an update for its Ethereum node software fixing the Remote Procedure Call (RPC) vulnerability. Per the announcement, nodes running Parity’s software with manually enabled public-facing RPC could be remotely crashed with a specially constructed RPC call. The team suspects that nodes with manually enabled tracing may also be vulnerable to the…

Banking Giant PNC to Deploy RippleNet for Cross-Border Payments

PNC Treasury Measurement revealed that it was going to employ RippleNet’s blockchain technology for processing its cross-border payments. PNC, one of the leading banks in the U.S., has partnered with the major crypto firm Ripple, which specializes in cross-border payment and operates the Ripple (XRP)trade cryptocurrency, to enable the bank building the capacity for processing global payments. The deployment will assist the bank in reducing fees and waiting times. According to the latest numbers from S&P Global Market Intelligence, PNC is the eighth largest banking conglomerate in the U.S., amassing…

Suspected Capital One Hacker Is Now also Accused of Cryptojacking

Paige Thompson, suspect of the Capital One hacking, was charged with the crime of hacking cloud-computing servers and stealing the data of the company to mine cryptocurrency. She now faces up to 25 years in prison for wire fraud, computer fraud and abuse. Former software engineer at Amazon, Paige was arrested on July 29th for alleged hacking. She has presumably compromised data of more than 100 million people. In the official document, not all companies that were victims are named, apart from 4 companies that have been specifically mentioned. Paige…

Binance Launches Dev Education and Collaboration Platform Binance X

Major global crypto exchange Binance has introduced its new developer-focused project, called Binance X.  Bringing devs to relevant Binance programs The exchange launched Binance X on Aug. 29, aiming to provide blockchain developers with all necessary resources to drive new solutions on Binance’s projects, as well as in the whole blockchain ecosystem, according to a press release shared with Cointelegraph. Binance X platform will reportedly support developers and their initiatives by assisting in education and collaboration on Binance and connecting them with relevant internal programs that help projects progress at…

Lawsuits and Ripple Labs Sales are Bad News for XRP – CCN Markets

XRP is down 5 percent on the day and has seen a significant retreat this year. | Source: Shutterstock By CCN Markets: To say that Ripple (XRP/USD) is a laggard would be a huge understatement. The cryptocurrency has been in a long downtrend ever since it posted an all-time high of $3.30 in January 2018. It is currently trading around $0.25 which is a massive devaluation of over 92 percent in over a year and a half. The brutal bear market has made many XRP holders unhappy. Some are starting to…