Day: November 27, 2019

PlusToken Scam Selling Could Dump BTC Price For the Next Two Months

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This year has yielded significant price action for Bitcoin (BTC), both to the upside and to the downside. Bitcoin’s price recently fell to around $6,500 as selling pressure continues to plague the market.  Recent data from crypto-Twitter analyst Ergo shows such selling is possibly due to further liquidation of 200,000 BTC in funds from the alleged PlusToken ponzi scheme.  Ergo said in a tweetstorm: “If my numbers are correct, the 200k BTC estimates reported earlier this year were correct, and market impacts will continue for some time.”  Back in August,…

Crypto Markets Are Turning Green, Bitcoin Recovers Above $7,500

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Wednesday, Nov. 27 — Crypto markets continue to improve, with Bitcoin (BTC) showing signs of recovery as it finds its way back above the $7,500 price mark. Cryptocurrency market daily overview. Source: Coin360 Bitcoin started the day at $7,190, at which point the world’s largest crypto coin found an intra-day low of $6,900 before moving up again to its current trading price near $7,540. After a rollercoaster 24 hours, BTC is showing an impressive gain of more than 5% for the day. Bitcoin daily price chart. Source: Coin360 Bitcoin’s next target could…

Intensely Bearish BTC Futures Market Predicts Gloomy 2020 for Bitcoin Price

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Bitcoin options traders on a major bitcoin futures market are expecting the bitcoin price to keep cooling through June 2020. If their market consensus projections hold true, bitcoin’s price won’t be getting a boost from May 2020’s halving. On the bright side, bitcoin futures are pricing in a 4% probability of a new all time high price above $20,000 in June. Bitcoin futures traders are bundling up for a long crypto winter. According to Skew Analytics data, bitcoin futures markets project a less than 40% chance that bitcoin will trade…

Bitcoin Price Rebounds 11% From Low amid ‘Textbook’ Inverse Head & Shoulders Pattern

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Bitcoin price touches intraday high of $7,668 Wednesday. Earlier in the day, BTC/USD bottomed at $6,847.72, a six-month low. Cryptocurrency markets recover north of $200 billion. Bitcoin’s price reclaimed the $7,500 handle on Wednesday after plunging to its lowest level in over six months. BTC/USD Stages Relief Rally Wednesday’s roller coaster session saw bitcoin’s price breach $6,900 for the first time in over six months. The largest cryptocurrency would eventually find bottom at $6,847.72 on Bitstamp. A quick relief rally would ensue, sending BTC/USD to a high of $7,668 for…

Bitcoin Price Rebounds 11% From Low amid ‘Textbook’ Inverse Head & Shoulders Pattern

boss

Bitcoin price touches intraday high of $7,668 Wednesday. Earlier in the day, BTC/USD bottomed at $6,847.72, a six-month low. Cryptocurrency markets recover north of $200 billion. Bitcoin’s price reclaimed the $7,500 handle on Wednesday after plunging to its lowest level in over six months. BTC/USD Stages Relief Rally Wednesday’s roller coaster session saw bitcoin’s price breach $6,900 for the first time in over six months. The largest cryptocurrency would eventually find bottom at $6,847.72 on Bitstamp. A quick relief rally would ensue, sending BTC/USD to a high of $7,668 for…

A Product Development Team Just Made ETH Block Production Twice As Fast

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Blockchain advisory and product development firm Akomba Labs conducted a test on the Ethereum network that shows it can make block propagation at least twice as fast. Coindesk reported on Nov. 27 that Akomba Labs — in collaboration with the scalability-focused blockchain startup BloXroute — ran a two-week test measuring the results of running BloXroute’s Blockchain Distribution Network (BDN) on the Ethereum network. Test findings showed that the average block propagation performance significantly improved, dropping from 360 milliseconds without the BDN to 172 milliseconds with it. The test results further…

Hackers Mass-Scanning Web for Docker Platforms to Mine Cryptocurrencies

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A group of hackers has launched a new cryptojacking campaign on Nov. 24, scanning as many as 59,000 IP networks to find Docker platforms that have API endpoints exposed online, business technology publication ZDNet reports Nov. 26. According to the report, the campaign is targeting vulnerable Docker instances in order to deploy crypto-malware to generate funds for the hacking group by mining Monero (XMR). The mass scanning issue was first discovered by American internet security firm Bad Packets LLC on Nov. 25. Troy Mursch, chief research officer and co-founder of…