Day: October 28, 2019

China Passes Legislation for Clearer Crypto Guidelines and Regulations

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It seems like China is finally ready to take the bull by the horn. Instead of running away from the emerging technology and missing out on all it has to offer, the government of China has devised a safe means to leverage its untold potential, without necessarily getting burnt. Impossible, you may say. However, the people of China are ready to take the high road and strongly regulate the crypto ecosystem to reduce avenues for crime to the lowest possible level. In the spirit of getting on board, the Standing…

Bitcoin, Ether, and XRP Weekly Market Update October 28, 2019

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Reading Time: 4 minutes by Georgi Hristov on October 28, 2019&nbspAltcoins, Bitcoin, Cryptocurrency Market Outlook, Ethereum, News, News Digest, Price Analysis, Price pages, Ripple, Top Coins For The Week The total crypto market cap added $31.7 billion to its value during the last seven days and now stands at $254.3 billion. The top 10 currencies are all in green for the same time frame with Bitcoin SV (BSV) and Tron (TRX) being the best performer with 47.5 and 32.5 percent of gains respectively. By the time of writing bitcoin (BTC)…

Tron Price Up 25% as China Reportedly ‘Bans’ Anti-Blockchain Sentiment

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China is rapidly adopting a pro-blockchain stance following news it would bring in a so-called “crypto law” in January next year.  China: Blockchain must be legitimate In a sign of China’s abrupt official about-turn on blockchain, officials are deleting posts that claim the technology is a scam, Twitter-based crypto news resource cnLedger reported on Oct. 28.  Chinese officials and president Xi Jinping caused a stir late last week after the latter gave a speech condoning blockchain. China, he said, would become the world’s foremost proponent of the technology and would…

Bitcoin (BTC) Price Steadies Uptrend But Another Correction Likely

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Bitcoin price is gaining bullish momentum and is trading above $9,500 against the US Dollar. The price is facing a strong resistance on the upside near the $9,820 and $9,850 levels. There is a crucial bullish trend line forming with support near $9,500 on the hourly chart of the BTC/USD pair (data feed from Kraken). The price could correct in the short term towards $9,200 before another rally. Bitcoin price is trading in a steady uptrend above $9,000 and $9,200 against the US Dollar. BTC is likely to climb steadily…

Ripple (XRP) Bulls Are Quiet While Many Altcoins Rally Significantly

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Ripple price is rising slowly and it is still below the $0.3150 resistance area against the US dollar. The price is facing a lot of hurdles on the upside near the $0.3120 and $0.3150 levels. There is a key bullish trend line forming with support near $0.2950 on the hourly chart of the XRP/USD pair (data source from Kraken). Many altcoins, including TRX, ONT, NEO, and VET are up more than 20% in the past three sessions. Ripple price is rising with a slower pace against the US Dollar, while…

How Hard Is It to Brute Force a Bitcoin Private Key?

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Trying to crack a private key with a brute force attack is a bit like trying to count to infinity: the sooner you begin, the faster you’ll never get there. Despite being as next to impossible as impossible gets, using a brute force attack to crack a bitcoin private key remains an intriguing idea for many. Also read: Mistakes Crypto Owners and Traders Should Avoid The Dream That Never Dies For math geeks, key cracking is a question of statistical probability and for hopeless dreamers, a question of ambition. Long…

Ethereum (ETH) Grinding Higher, Bitcoin Could Revisit $10K

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Ethereum price is showing positive signs above the $175 and $180 levels against the US Dollar. Bitcoin price is climbing higher and it is likely to revisit the key $10,000 resistance area. There is a rising channel forming with support near $183 on the hourly chart of ETH/USD (data feed via Kraken). The pair is likely to continue higher and it break the $190 and $192 resistance levels in the near term. Ethereum price is grinding higher with positive signs versus the US Dollar, while bitcoin is approaching $10,000. ETH…

Largest American Food Coop to Pilot Mastercard’s Blockchain Tech

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Topco Associates, the largest American retail food group purchasing organization, will pilot Mastercard’s blockchain tech in its operations.  According to a press release on Oct. 27, Topco will test a traceability platform developed by logistics firm Envisible. The Wholechain platform is based on Mastercard’s blockchain-based Provenance Solution.  Topco will use the platform to trace the provenance of produce, meat and seafood.  Blockchain provides transparency for food supply chains Blockchain technology has found widespread application in the food industry with multiple high-profile companies.  Major American retailer Walmart began using blockchain tech…