August 29, 2019

Bitcoin Price Falls Under $9.5K as Keiser Gives Ethereum $90 Target

August 29, 2019 boss

Bitcoin (BTC) price fell below $9,500 on Aug. 29 as the largest cryptocurrency’s sudden bearish move continued to bite. Market visualization. Source: Coin360 Bitcoin price must finish week above $9,533 Data from Coin360 painted a gloomy picture for day traders Thursday, BTC/USD having lost 8% in the past 24 hours. The turbulence began late on Wednesday, Bitcoin markets shedding $500 in minutes to completely lose support at $10,000. Selling pressure then mounted, BTC/USD putting in a local low of $9,350 before stabilizing closer to $9,500. Bitcoin 7-day price chart. Source:…

Hyper SpeedNetwork (HSN) Launches Protector Master Node Program To Build a 5G-Blockchain Ecosystem

August 29, 2019 boss

On August 25, 2019, Hyper SpeedNetwork (HSN) will launch its Protector Master Node (PMN) recruitment plan, aiming to allow community users to participate in the project development as well as openly co-manage the project, jointly promote the ecological construction and share the refund. HSN claims to be the world’s first 5G digital public chain. advertisement An ecological network with 5G-architecture, the company is headquartered in Singapore with branches in China, the Netherlands and Germany and it aims to use blockchain technology to achieve complex application scenarios to support the 5G industry…

Alleged Capital One Hacker Accused of Secretly Mining Cryptocurrency

August 29, 2019 boss

The individual accused of perpetrating a massive-scale hack of credit card issuer Capital One also allegedly hacked cloud customers’ servers to mine cryptocurrency for herself. Court filings published on Aug. 28 reveal that Paige A. Thompson has been indicted on charges of both perpetrating the Capital One breach and of hacking into the servers of her employer’s cloud services customers for the purposes of cryptojacking. “Cryptojacking” is an industry term for stealth crypto mining attacks which work by installing malware or otherwise gaining access to a computer’s processing power to…

PR: Bitcoin.com Partners with Resistance – the Next Gen DEX

August 29, 2019 boss

August 29th, 2019 – Last week, the Resistance team met with Bitcoin.com CEO Stefan Rust, and other members of the Bitcoin.com organization, to discuss the terms of a partnership. The meeting was a great success and a strategic partnership agreement was drawn up and signed the same day. The exact details of the agreement are yet to be announced, but this important development will help to make the Resistance decentralized exchange and privacy coin accessible to the masses through Bitcoin.com’s significant presence in the blockchain space. “Joining forces with a…

Chinese Central Bank ‘Crypto’ Not Launching in November: State Media

August 29, 2019 boss

The Global Times claims that China’s central bank has refuted recent reports of its plans to launch a state-backed cryptocurrency this November. The Global Times is China’s national English language tabloid, under the People’s Daily — the official newspaper of the Communist Party of China (CPC). Its editor-in-chief, Hu Xijin, is perceived to have close links to the Chinese authorities and is closely watched by financial market participants globally. On Aug. 28, the paper posted via its official Twitter handle that: “Refuting media reports of launching a state-backed cryptocurrency in…

Trader Fears Bitcoin Price Crash as Crypto Bloodbath Continues

August 29, 2019 boss

Bitcoin and the wider crypto market are taking an absolute beating on Thursday. | Source: Shutterstock Following an abrupt drop from $10,277 to $9,700 in the bitcoin price on August 28, the dominant crypto asset has continued to demonstrate weakness in its short term trend. The bitcoin price has dropped by more than $1,000 in the past three days (source: coinmarketcap.com) In the past 12 hours, the bitcoin price has declined from $9,750 to $9,320 across major crypto exchanges including Bitstamp and BitMEX. Alternative crypto assets in the likes of…

Trader Warns Bitcoin Price Dip to $8k as Bloodbath in Crypto Continues

August 29, 2019 boss

Bitcoin Bleeds Out Entire Crypto Market Losing Billions in Price Within Minutes

August 29, 2019 boss

Bitcoin and a few major altcoins have shocked the market as they have shed significant weight in a considerably short time. Right now, the crypto market prices have lost billions and there is no pointer to a bull run in the near future. The entire crypto market has been in a free fall of sorts for more than a few hours now. On Wednesday the 28th of August and in less than an hour, Bitcoin price plunged more than 5% losing more than $500 to just a little above $9,600.…

US Banking Giant PNC Starts Using RippleNet for Cross-Border Payments

August 29, 2019 boss

PNC — the United States’ eighth-largest bank, with almost $400 billion in assets — has become the country’s first to start using the RippleNet blockchain network for cross-border payments. Fintech Futures reported on Aug. 29 that PNC Treasury Management is now offering RippleNet-based cross-border payments solutions to its commercial clients, claiming that the blockchain solution will give them: “The ability to receive a payment from an overseas buyer against their invoices instantly, transforming the way they manage their global account receivables and allowing them to better manage their working capital.”…

Bitcoin ‘Failed Safe Haven Test’ After 7% Drop, Peter Schiff Gloats

August 29, 2019 boss

Bitcoin (BTC) has shown it is not a safe haven asset, gold bug Peter Schiff has said after the largest cryptocurrency dropped 7% in daily trading. In a tweet on Aug. 28, Schiff, who has become increasingly known as a Bitcoin naysayer, claimed BTC/USD dipping below $10,000 once again on Thursday put pay to theories it functioned as a hedge against fiat volatility. Schiff: Bitcoin “failed safe haven test” “Bitcoin has again failed the safe haven test. On Friday, as escalating trade tensions sent global stock markets plunging, investors sought…