Day: September 6, 2019

Ethereum Price (ETH) Struggling Near 100 SMA While Bitcoin Consolidating

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ETH price extended its decline and tested the $170 support area against the US Dollar. The price is currently correcting higher, but it is struggling to break the $175 resistance area. There was a break above a major declining channel with resistance near $173 on the hourly chart of ETH/USD (data feed via Kraken). The bulls need to push the price above $175 and the 100 hourly simple moving average. Ethereum price is facing hurdles near $175 versus the US Dollar, while bitcoin is consolidating. ETH price could decline again…

Four Out of Five Top Bitcoin QR Code Generators are Scams: Report

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Four out of the first five results presented when querying Google for a “bitcoin qr generator” lead to scam websites. The findings Cryptocurrency wallet ZenGo wrote the findings in a blog post published on Aug. 29. Reportedly, when researching prior to implementing QR Code support in their wallet, ZenGo learned of the prevalence of scam QR Code generators. The company explains how the alleged scam works: “These sites generate a QR code that encodes an address controlled by the scammers, instead of the one requested by the user, thus directing…

U.S. Dep. of Energy Grants $200,000 to Blockchain Company to Secure Grid

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The U.S. Department of Energy (DOE), is granting nearly $200,000 to blockchain company Factom to help protect the national power grid. Blockchain to improve grid reliability and resilience On July 12, the U.S. Department of Energy awarded the funds. The overall objectives of the grant proposed to design a system to improve grid reliability and resilience through the use of blockchain technology. The abstract reads: “Electric grids are quickly evolving with advanced monitoring and information management as well as communication through connected devices. Although the number of devices and sensors…

Poloniex Exchange Will Upgrade XRP Wallets Monday, Limiting Activities

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U.S.-based crypto exchange Poloniex took to Twitter today to announce the upgrade of its XRP wallets, which will result in withdrawals and deposits being suspended for several hours. What will change? On Sept. 5, the crypto exchange took to Twitter to explain that it will upgrade its XRP wallets to further enhance the user experience. Once the upgrade is implemented the base reserve deposit requirement of 20 XRP to create a new address will no longer be needed. In addition, deposit confirmations have been reduced from 12 to 2, which…

Waves Platform and The Abyss to Jointly Launch Blockchain-Based Games Marketplace

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Open source blockchain platform Waves and blockchain game distribution platform The Abyss will jointly launch a blockchain-based marketplace of digital goods and in-game items. In a blog post published on Sept. 5, The Abyss revealed its collaboration with the Waves Platform, aimed at the development of a blockchain-powered marketplace of tradable goods and in-game items. The marketplace will enable users to purchase items with Abyss Tokens and sell them to other users. Waves blockchain-integrated tokens The integration of Abyss Tokens with Waves blockchain will allow game developers to incorporate Abyss…