Day: November 19, 2019

Mimblewimble Privacy Isn’t ‘Fundamentally Flawed’

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The developers of privacy-centric cryptocurrency Grin (GRIN) have hit back at the fundamental claims of an article purporting to have “broken” the coin’s privacy model. In a Medium blog post published on Nov. 19, Grin core dev Daniel Lehnberg argued that the so-called breakage did not go beyond the already-acknowledged privacy limitations of the coin’s protocol and relied on a passive attack vector that would be insufficient to glean actionable data. Some basics of Grin’s protocol Lehnberg’s post does not consist of a point-by-point takedown of the original article, which…

Spotlight on Bitcoin as HSBC Shuts Hong Kong Protest-Linked Account

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The need for censorship-resistant currencies like Bitcoin (BTC) has been thrown, yet again, into stark relief as HSBC shutters an account reportedly used to fund Hong Kong protestors.  As the Hong Kong Economic Journal reported on Nov. 18, the British multinational bank recently closed a corporate account that was reportedly being used to transfer crowdsourced funds to support protestors’ activities. HSBC says closure a matter of “regular review” Five months into the Hong Kong protests — now reaching an increasingly violent fever pitch — the bank presented its decision as…

$8K Bearish Bitcoin Price in ‘Unique Setup’ Before Halving

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Bitcoin (BTC) barely managed to maintain $8,000 support on Nov. 19 as analysts warn the outlook for markets is increasingly bearish.  Cryptocurrency market daily overview. Source: Coin360 Bitcoin sheds 3.7% overnight Data from Coin360 showed BTC/USD bounce off lows of $8,077 on Tuesday, having spent the time since the weekend eroding previous gains.  On Monday, a sudden dip took the pair below $8,100 for the first time since late October, with price action fluctuating around that level since.  At press time, a slight reversal had taken Bitcoin back to $8,150,…

Bitcoin’s ‘Demise’? Google, Bailed-Out Citi Unveil Checking Accounts

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Another FAANG company has its sights on financial services — this time it’s Google, as Forbes reported on Nov. 16, polemically claiming this could “kill Bitcoin.” In an interview with the Wall Street Journal last week, Google had revealed plans — devised under a project code-named Cache — to launch consumer checking accounts in partnership with Citigroup.  Lessons “learned” For cryptocurrency veterans, the inauspicious history of Google’s choice of banking partner will not go unremarked: on the eve of the 2008 global financial crisis, Citigroup CEO Chuck Prince was still…

Stake as You Trade: OKEx Pool Announces Tezos (XTZ) Baking Service with High Annualized Yield of 5.13%

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Following the listing of Tezos (XTZ) token on OKEx earlier this month, the world’s leading digital asset exchange and trading platform has now announced the launch of Tezos Baking (staking) Service on OKEx Pool (Get to Know OKEx Pool). By availing the staking service for the 21st leading cryptocurrency in the market, users can achieve annualized yields of up to 5.13% which is higher than any other similar service currently available in the cryptocurrency market. The yields generated by OKEx Pool’s XTZ baking service will be settled in OKB. The…

LocalEthereum Adds Bitcoin as LocalBitcoins Bows to Finland Regulators

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One of the main competitors of P2P Bitcoin (BTC) exchange LocalBitcoins has taken even more of its market share as the Finnish company seeks regulatory compliance. In a blog post on Nov. 19, LocalCryptos, formerly LocalEthereum, said it had completed the pivotal step of adding support for Bitcoin as well as Ether (ETH). LocalEthereum becomes LocalCryptos “The platform is a one-stop shop for fiat-to-crypto ramps worldwide, beginning with BTC and ETH,” the blog post reads, describing the move as a “large milestone.” In the future, more cryptocurrencies will join its…

Bitcoin (BTC) Remains Sell Until This Changes

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Bitcoin price is diving below the $8,340 and $8,200 support levels against the US Dollar. The price is approaching the key $8,000 support area, where the bulls may take a stand. There is a short term declining channel forming with resistance near $8,165 on the hourly chart of the BTC/USD pair (data feed from Kraken). Both Ethereum and ripple are gaining bearish momentum below key supports. Bitcoin price is declining towards the $8,000 support against the US Dollar. If BTC fails to stay above $8,000, the next stop could be…

Crypto Market Dives $40 Billion In Nov, More Losses Likely: BNB, BCH, LTC, EOS Analysis

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The total crypto market cap is down close to $40.0B this month and remains bearish. Bitcoin price is down around 3% today and it is now approaching the $8,000 support. Litecoin (LTC) price is down around 5% and it broke the $60.00 support area. BCH price is currently accelerating its decline below the $260 and $250 levels. EOS price is down more than 6% and it is now trading near the $3.200 support area. Binance coin (BNB) broke the key $20.00 support area to enter a bearish zone. Bitcoin (BTC)…

Ripple (XRP) Price Trend Overwhelmingly Negative, Bitcoin Diving

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Ripple price is declining and trading below the $0.2560 pivot level against the US dollar. Bitcoin is down more than 3% today and Ethereum broke a major support near $178. There is a new connecting bearish trend line forming with resistance near $0.2530 on the hourly chart of the XRP/USD pair (data source from Kraken). The price tumbled recently and tested the $0.2400 support area. Ripple price is trading in a crucial downtrend against the US Dollar, while bitcoin is approaching $8K. XRP price is likely to struggle near the…