Day: September 26, 2019

‘Sensitive for Society’ Libra Crypto Has No Launch Date

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Facebook is taking a much more careful approach to Libra than its previous projects, CEO Mark Zuckerberg has confirmed.  Zuckerberg on Libra: Talking first, rollout second Speaking in an interview with Asia-based news outlet Nikkei on Sept. 26, Zuckerberg appeared to show a rare display of fear in the face of mounting regulatory scrutiny of Libra.  Facebook’s digital currency has come under fire from governments worldwide since its whitepaper appeared several months ago. High-profile regulatory hearings have so far failed to quash the negative reactions; governments fear Libra will undermine…

Bitcoin Price (BTC) Sighting Next Downside Break Below $8.2K

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Bitcoin price is consolidating yesterday’s losses above the $8,200 support against the US Dollar. The price is clearly trading with a bearish bias and remains at a risk of more losses below $8,000. There is a key breakout pattern forming with resistance near $8,600 on the hourly chart of the BTC/USD pair (data feed from Kraken). The price could soon resume its decline below $8,200 unless the bulls push the price above $8,800. Bitcoin price is forming the next breakout pattern against the US Dollar. BTC could either resume its…

Despite Lower Prices, Bitcoin’s Hashrate Remains Strong

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People watching cryptocurrency markets have been patiently waiting for prices to rise and the overall sentiment to change. However, one thing that’s been extremely bullish these days is how BTC’s hashrate has doubled in the last three months. Even with today’s sluggish crypto prices, the SHA-256 hashrate has remained unscathed and continues to show persistent growth. Also read: Bitcoin Cash-Accepting Mayoral Candidate ‘Nobody’ Hosts Keene’s 420 Rally SHA-256 Hashrate Trucks Forward The SHA-256 hashrate, which helps secure both the BTC and BCH blockchain has seen steady progression this year. At…

Despite Lower Prices, Bitcoin’s Hashrate Remains Strong

boss

People watching cryptocurrency markets have been patiently waiting for prices to rise and the overall sentiment to change. However, one thing that’s been extremely bullish these days is how BTC’s hashrate has doubled in the last three months. Even with today’s sluggish crypto prices, the SHA-256 hashrate has remained unscathed and continues to show persistent growth. Also read: Bitcoin Cash-Accepting Mayoral Candidate ‘Nobody’ Hosts Keene’s 420 Rally SHA-256 Hashrate Trucks Forward The SHA-256 hashrate, which helps secure both the BTC and BCH blockchain has seen steady progression this year. At…

Bitcoin And Crypto Market Bearish Continuation: LTC, BNB, BCH, TRX Analysis

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The total crypto market cap dived more than $50.0B and tested the $200.0B support. Bitcoin price is down more than 10% and it is currently consolidating below the $8,500. Binance coin (BNB) price tumbled below the $18.50 and $16.50 support levels. Litecoin (LTC) price is now trading well below the key $60.00 support area. BCH price tested the $200 level and it is currently consolidating near the $220 level. Tron (TRX) price spiked below the $0.0120 support area and it is currently correcting higher. The crypto market cap and bitcoin…

Neo Becomes .NET Foundation’s First Blockchain Member

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Neo, a decentralized open source blockchain application platform, announced that it became the first-ever blockchain member of Microsoft’s .NET Foundation. In the press release published on Sept. 24, the platform stated that during the .NET Conference 2019 Neo “joined the .NET Foundation, the Microsoft-created, globally leading open-source foundation,” adding: “Based on their shared open-source heritage, NEO and the .NET Foundation will further empower millions of developers to build the foundation for next-gen Internet. This partnership comes after NEO’s release of Blockchain Toolkit for .NET and NEO Express in September.” Per…

Ethereum (ETH) Looks Poised To Resume Its Decline

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ETH price corrected higher from the $152 low and traded above $165 against the US Dollar. The price is currently struggling to break the $172 and $175 resistance levels. Yesterday’s highlighted key bearish trend line is still active with resistance near $172 on the hourly chart of ETH/USD (data feed via Kraken). The price remains at a risk of another drop below the $165 and $160 support levels in the near term. Ethereum price is facing a strong resistance near $175 versus the US Dollar, while bitcoin is bleeding. ETH…

Ethereum to Bitcoin Exchange Rate Points to Slow Altcoin Apocalypse

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Cryptocurrency prices wavered on Wednesday following the biggest 24-hour devaluation in months, leaving little guarantee of a swift recovery in the near term. For Ethereum (ETH), the grind lower has been much more extreme when valued against bitcoin (BTC). While the ETH/BTC exchange rate has been in recovery throughout September, the year-to-date picture is grim. How ether performs relative to the ‘king of cryptocurrencies’ offers eye-opening insights into the broader altcoin market. Crypto Markets See Limited Upside One day removed from a devastating price collapse, cryptocurrency markets were relatively unchanged…

Cybersecurity Firm Releases WannaCryFake Bitcoin Ransomware Fix

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Cybersecurity firm Emsisoft has released a solution for Bitcoin (BTC)-demanding ransomware WannaCryFake. Pay Bitcoin in return for your data In a Sept. 25 blog post, Emsisoft announced that they are releasing a new free fix for the WannaCryFake ransomware bug. The WannaCryFake is the next version of the WannaCry worm, a type of malicious software program that first began spreading across computer networks in May 2017. When a computer system is infected with the WannaCryFake worm, data is held hostage and a payment in Bitcoin will be requested to decrypt…