Day: November 25, 2019

Price Analysis 25/11: BTC, ETH, XRP, BCH, LTC, EOS, BNB, BSV, XLM, TRX

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The bears have been unable to capitalize on the breakdown of critical support levels and this suggests that the current dip could be a bear trap. The total crypto market capitalization has bounced from the $180 billion mark. We anticipate a strong support in the $168 billion to $183 billion range because the market cap had consolidated in this range in April of this year, before moving higher. So, on the way down, we expect this range to act as a strong support. Although Bitcoin (BTC) has started this leg…

Bitcoin Whale Defies Traditional Finance, Moves $310 Million with $0.32 Fee

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A Bitcoin whale has moved a colossal 44,000 ($310,280,282) BTC from one untracked wallet to another for a fee that is considered pocket change to the developed world, according to TheNextWeb, November 24, 2019. If the transacting entity used their friendly neighborhood bank instead, it would have cost them $40-$100 depending on the distance the money was sent across.  The Beauty of Bear Markets Every so often, the Bitcoin market drops by 15-20 percent and all hell breaks loose. Twitter influencers tuck their tails and run away while their followers…

Crypto Booking Firm Travala Partners with Travel Giant Booking.com

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Travala, a service that allows its users to pay for hotel stays with cryptocurrency, will now let its customers reserve any hotel that is bookable through Booking.com. Travala announced in a press release on Nov. 25 that it has already integrated Booking’s accommodations to its platform. The new feature will purportedly allow users to book 90,000 different destinations using cryptocurrencies.  Pay for your stay with crypto Travala’s customers can pay with its proprietary AVA token and 20 major crypto assets including Bitcoin (BTC), Ether (ETH), Dash (DASH), Bitcoin Cash (BCH),…

RSK Expands Globally and Moves Into Southeast Asia

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Cointelegraph en Español spoke with Henry Sraigman, South-East Asia Regional Director of RSK, during the Asia 2019 Blockshow in Singapore. We covered the expansion of IOV Labs and RSK, the company’s present and future in Asia, and the prospects for Taringa! after its purchase. “RSK is a project that was born around 2015 trying to create the first smart contracts platform secured by the Bitcoin network,” recalled Sraigman. “That implies that the miners of Bitcoin can mine on another network with all the same infrastructure — in this case the…

President Trump’s University Offers Crypto Course Despite his Anti-Crypto Stance

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A growing number of universities are happily welcoming cryptocurrency and blockchain as a course of study. Despite some controversies that surround this particular financial technology, it is glaring how much positive effort is being put to understand the rather complicated new digital means of payment. Amusingly, the latest crypto-friendly university member is the alma mater of President Donald Trump: The Wharton School of the University of Pennsylvania. If you have been following the latest crypto news, you would agree that President Trump is not crypto’s biggest fan. As a matter…

How Did Crypto Exchange Security Systems Evolve?

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Bitcoin was designed as a peer-to-peer cryptocurrency, but as the network expanded, there was no way to avoid the growing influence of centralized crypto exchanges. Soon after Bitcoin’s launch, more people wanted to enter the system. While mining was an affordable option at the time, buying crypto with fiat money was more convenient, especially for those who didn’t know how mining worked. The emergence of digital platforms that converted fiat to crypto and vice versa was a natural consequence. In the first years, crypto exchanges represented an underground space, but…

Former Hollywood Executive Admits to Embezzling $22M to Buy Crypto and Gamble

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A former executive of a Hollywood-based digital marketing firm has admitted to embezzling $22 million from his employer to buy digital currency. The United States Attorney’s Office of the Central District of California announced on Nov. 22 that Dennis Blieden had pleaded guilty to wire fraud and identity theft. Blieden embezzled over $22 million from his employer and used the stolen funds to buy cryptocurrency, gamble and cover personal expenses. Abuse of authority At the time, Blieden served at StyleHaul Inc., a digital marketing agency that represents “influencers” on social…

89% of Chinese Blockchain Firms Have Tried to Issue Crypto: Report

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89% of China’s blockchain firms have allegedly tried to create their own cryptocurrency, according to a senior exec at a local blockchain association.  According to the state-run CCTV on Nov. 21, Yedong Zhu, the president of the Beijing Blockchain Technology Application Association (BBAA), revealed that the vast majority of blockchain industry in China is focused on tokens, not blockchain.  In addition to Zhu’s remarks, the report by CCTV covered a new study led by the People’s Bank of China (PBoC). Co-authored by five local financial and technology authorities, the “Bluebook…