Day: January 2, 2020

Google Play Lifts Ban on Ethereum Browser Extension MetaMask

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Major Ethereum browser extension and wallet service Metamask has something to celebrate as 2020 kicks off, notifying its users that Google has now reversed its short-lived ban on the browser add-on. In a tweet posted on Jan. 1 2020, the MetaMask team revealed that: “Upon careful consideration, Google has permitted The MetaMask mobile app back on the Google Play (Android) store! Thanks to all the believers in an open web for speaking out in our support!” Google mistook MetaMask for a mining app MetaMask is a browser extension for Google…

Bitcoin Kicks Off 2020 More Secure Than Ever as Hash Rate Hits Record

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Bitcoin (BTC) has already hit a new record in 2020 as the cryptocurrency’s network hash rate once again topped previous all-time highs.  Data from multiple monitoring resources including Blockchain and Coin Dance confirmed hash rate was higher than ever on the first day of the new year.  Estimates point to an all-time high for BTC network A measure of the computing power devoted to validating the Bitcoin blockchain, hash rate spent much of 2019 in a continuous growth cycle. Only for a brief period in Q3 did the upward trend…

Friendly Fraud and the Failure of Chargeback Protections

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Chargebacks were originally designed to protect consumers. Today, it’s ironic that merchants often need protection against this very system put in place to protect consumers. A chargeback is the return of funds to the consumer, by the bank, to settle a debt. In the event of a filed chargeback, the bank then forcibly removes funds from the merchant’s bank account to “repay” the consumer.   Chargebacks have long been a hindrance to e-commerce companies, sparking a rise in fraudulent behavior among consumers who attempt to defraud a company for their own…

Crypto Exchange Poloniex Urges Users to Reset Passwords After Data Leak

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Poloniex, a digital asset exchange based in the US, has notified its users that they need to reset their passwords for their accounts on the exchange. Poloniex initially sent users individual emails regarding the password and account security reset but after one of the crypto exchange’s customers posted on Twitter a screenshot of the email, claiming that it is a scam, the company tweeted and replied that the email is real. The company requested from its users to follow the instructions and reset their account passwords. The screenshot posted on…

Bitcoin & Crypto Market Signaling Downsides: BCH, XLM, EOS, TRX Analysis

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The total crypto market cap is declining and it is below the $185.0B support. Bitcoin price is struggling to climb above $7,300 and it might decline below $7,000. BCH price is testing the $200 support and it could continue to slide. EOS price failed to stay above $2.600 and it is likely moving towards $2.500. Stellar (XLM) price is now well below $0.0455 and it is showing bearish signs. Tron (TRX) price is likely to break the key $0.0130 support in the near term. Bitcoin (BTC) and the crypto market…

Crypto On-Ramps like Plutus and Their Role in Mass Adoption

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The technology behind Bitcoin – blockchain – has been around for a decade now. It was not until 2013 that developers and tinkerers started playing with Bitcoin’s code and created various projects resulting in thousands of ‘altcoins’ by 2017. Today, blockchain has been applied in various industries from Healthcare to The Internet of Things (IoT). Various projects are trying to address different inefficiencies using this technology. Enabling trustless transactions at low cost with lightning speed on an immutable ledger is the core value proposition. However, this technology has affected the…

Bitcoin Bears Rejected $7,300, Price Vulnerable Below $7K

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Bitcoin was rejected on a few occasions near $7,260 and $7,300 against the US Dollar. The price is currently declining and it remains at a risk of more downsides below $7,000. There is a declining channel forming with resistance near $7,180 on the hourly chart of the BTC/USD pair (data feed from Kraken). Ethereum is also struggling below $132, but it is likely to bounce back as long as it is above $120. Bitcoin price is showing a few bearish signs below $7,300 and $7,260 against the US Dollar. BTC…

Ripple (XRP) Bulls Aim Larger Breakout Above $0.20

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Ripple price is consolidating above the $0.1850 and $0.1880 support levels against the US dollar. XRP could start a larger rally if it clears the main $0.2000 resistance area. There is a major breakout pattern forming with resistance near $0.1930 on the hourly chart of the XRP/USD pair (data source from Kraken). Conversely, the pair might collapse if it breaks the $0.1850 support area. Ripple price seems to be preparing for a larger breakout against the US Dollar, similar to bitcoin. XRP price must settle above $0.2000 to start a…

True Financial Freedom or a Criminal’s Delight?

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The right to privacy is a fundamental prerequisite for peace of mind and security. The idea that only criminals have something to hide is strange. Contrarily, privacy is sought by almost everyone. Yet, it still gets stigmatized as suspicious — reserved solely for criminals or deviants.  Similarly sharing this unjust scrutiny are cryptocurrencies, which are — rather ironically — branded as a tool for felons, based largely on their anonymous hallmarks. However, no cryptocurrency is as disparaged for this discreet quality more than the privacy coin. But just what are…

True Financial Freedom or a Criminal’s Delight?

boss

The right to privacy is a fundamental prerequisite for peace of mind and security. The idea that only criminals have something to hide is strange. Contrarily, privacy is sought by almost everyone. Yet, it still gets stigmatized as suspicious — reserved solely for criminals or deviants.  Similarly sharing this unjust scrutiny are cryptocurrencies, which are — rather ironically — branded as a tool for felons, based largely on their anonymous hallmarks. However, no cryptocurrency is as disparaged for this discreet quality more than the privacy coin. But just what are…