Month: August 2019

Bitcoin Price (BTC) Trend Overwhelmingly Bearish, Turned Sell On Rallies

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Bitcoin price is down more than 5% and it recently broke the key $9,760 support against the US Dollar. The price is currently consolidating near the $9,500 support and remains at a risk of more losses. This week’s followed bearish flag was breached with support near $10,000 on the hourly chart of the BTC/USD pair (data feed from Kraken). The price is likely to extend its decline below the $9,500 and $9,480 support levels in the coming sessions. Bitcoin price fell sharply below the $10,000 and $9,800 supports against the…

Bitcoin & Crypto Market Cap Tumble: LTC, BNB, BCH, TRX Analysis

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The total crypto market cap extended its decline below the $245.0B support area. Bitcoin price dived more than 5% and broke the key $9,800 support area. Binance coin (BNB) price is down around 12% and it traded close to the $22.00 support area. Litecoin (LTC) price is also down around 10% and it broke the $70.00 and $68.00 supports. BCH price declined below the $300 support and tested the $285 support area. Tron (TRX) price is down nearly 12% and traded close to the $0.0150 level. The crypto market cap…

Ripple Price (XRP) Bearish Scenario Active: BTC & ETH Nosedives

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Ripple price is trading in a bearish zone and recently broke the $0.2500 support against the US dollar. Bitcoin price is down around 5% and Ethereum price declined close to 10%. There is a key bearish trend line forming with resistance near $0.2610 on the hourly chart of the XRP/USD pair (data source from Kraken). It seems like yesterday’s discussed bearish scenario is active and the price could soon test $0.2400. Ripple price is under a lot of pressure below $0.2650 against the US Dollar, similar to bitcoin. XRP price…

Ethereum Price (ETH) Dives Below Crucial Support, Bitcoin Down 5%

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ETH price failed to stay above the key $185 and $180 support levels against the US Dollar. The price is down around 10% and is trading below $172, while bitcoin is down around 5%. There was a break below a bearish continuation pattern with support near $172 on the hourly chart of ETH/USD (data feed via Kraken). The pair is likely to continue lower and it may soon test the $165 or $162 support. Ethereum price is down close to 10% versus the US Dollar, with strong bearish moves vs…

Bitcoin Price Struggles to Recover After Slump Earlier Today

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Wednesday, Aug. 28 — Top cryptocurrencies Bitcoin (BTC), Ether (ETH) and XRP are in the red following a sudden price crash at 5:45 p.m. UTC. The market as a whole is also red across the board. Market visualization. Source: Coin360 The Bitcoin price is trading at $9,691 at press time, marking a 4.42% price decrease on the day. BTC, ETH and XRP all sharply dropped in price from 5:45 p.m. to 6:20 p.m. UTC today — just over 35 minutes’ time. Bitcoin dropped by approximately 6% in this period, falling…

Bitmain Chip Supplier Faces Infringement Lawsuits From Competitor

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TSMC, the world’s largest independent semiconductor foundry and chip supplier for Bitmain, is facing multiple lawsuits from its competitor GlobalFoundries (GF). Alleged patent infringement  GF, the second biggest semiconductor foundry by sales after TSMC, filed several lawsuits in the United States and Germany, accusing Taiwanese TSMC of infringing on 16 GF patents, according to an official GF statement on Aug. 26. In the lawsuits, the California-based company seeks orders to ban TSMC from importing semiconductors produced with its technology to the United States and Germany, with GF claiming that importation…

What Pushes Tech? A Discussion With Prof. Reichental

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Professor Jonathan Reichental is the incarnation of a tech man. One of the most competent opinion leaders in the innovation field of our times, he has managed to be successful as an advisor to business and governments, a professor in leading universities, a writer, the chief information officer of Palo Alto in Silicon Valley, an investor… the list continues. Currently, he is deeply engaged in the blockchain community and also doing a lot of work in quantum computing. Just to illustrate his influence on modern leaders, it is enough to…

Fintech Firm Partners With R3 to Develop Shariah-Compliant Market Platform

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Dubai-based fintech company Wethaq has entered into a strategic partnership with enterprise software firm R3, in order to create a platform for issuing and trading sukuk securities based on R3’s Corda offering.  A platform for Islamic securities According to a press release on Aug. 28, Wethaq’s platform is built on R3’s open source enterprise blockchain platform Corda, and the company has been taking steps to ensure that it is likewise compliant with Sharia Law. Wethaq’s platform is reportedly designed to improve the market infrastructure for issuing and trading sukuk securities.…

French Police Shut Down 850,000 Computer Botnet Used for Cryptojacking

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French police have shut down a massive botnet that has been used for Monero (XMR) cryptojacking. Cryptojacking backed by “massive firepower” BBC News reported the development on Aug. 27. According to the police, the botnet was distributed by sending virus-laden emails with offers for erotic pictures or fast cash, and further propogated through infected USB drives. The virus, called Retadup, ultimately infected 850,000 computers in over 100 countries — thus creating a massive botnet.  The chief of C3N — the French police’s cybercrime unit — Jean-Dominique Nollet spoke on France…

Blockchain Activity at Top Universities Increased Since 2018

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New research by major cryptocurrency trading platform Coinbase shows that 56% of the top 50 universities in the world offer one or more classes on cryptocurrency or blockchain tech. Metrics indicate growing interest Coinbase shared its research in an official blog post on Aug. 28 in which it used rankings from US News and World Report for its list of the top 50 universities. This included both undergraduate and graduate level offerings.  The research found that twice as many students took blockchain or crypto courses when compared to last year…