A recent academic study says Tezos is threatened by “selfish mining,” providing a valid threat model for other live and up-and-coming proof-of-stake (PoS) cryptocurrencies. That’s the finding from Selfish Behavior in the Tezos Proof-of-Stake Protocol, published last November by then-Harvard researcher and current Google engineering intern Michael Neuder. The paper from Neuder and other Harvard researchers shows the profitability – albeit small – of “selfish endorsing” attacks in Tezos, a variant of selfish mining. Luckily for Tezos, the selfish mining concern can easily be patched through the network’s flexible on-chain…
Day: January 8, 2020
Coinbase CEO Brian Armstrong Predicts Rise of Privacy Coins in Upcoming Decade
In a blog post titled ‘What will happen to cryptocurrency in the 2020s’ published on January 3rd, Brian Armstrong, the co-founder and CEO of Coinbase, discussed cryptocurrency and its future. Armstrong wrote in the post that he thinks one of the popular blockchain networks will see an increase in privacy features and stated that he believes privacy coins will undergo a mainstream adoption in the coming decade. Armstrong further elaborates in the blog post that similar to how the launch of HTTP with the internet has only later become HTTPS…
Why XRP And Other Top Crypto Assets Flatlined Against Bitcoin’s 9% Move
In the past 48 hours, the bitcoin price increased by around nine percent from $7,740 to $8,462. In the same period, XRP, Ethereum, and other top crypto assets stagnated, either flatlining against the U.S. dollar or falling. Factor #1: Crypto traders are not so confident in the move The upsurge of bitcoin in the past two days were from a relatively strong resistance level to another heavy resistance area at $8,400. Since surpassing $8,400, BTC has dropped by around $120, struggling to break out above $8,300. It is likely that…
Why XRP And Other Top Crypto Assets Flatlined Against Bitcoin’s 9% Move
In the past 48 hours, the bitcoin price increased by around nine percent from $7,740 to $8,462. In the same period, XRP, Ethereum, and other top crypto assets stagnated, either flatlining against the U.S. dollar or falling. Factor #1: Crypto traders are not so confident in the move The upsurge of bitcoin in the past two days were from a relatively strong resistance level to another heavy resistance area at $8,400. Since surpassing $8,400, BTC has dropped by around $120, struggling to break out above $8,300. It is likely that…
Bitcoin Daily Chart Indicates It Is Going Parabolic To $9K and $10K
Bitcoin broke a couple of important hurdles near $7,500 and $8,000 on the daily chart against the US Dollar. BTC price action indicates a strong rise towards $9,100 or even $10,000. Bitcoin price surged $500 and settled above the key $8,000 resistance against the US Dollar. A new 2020 high is formed near $8,464 and the price is currently correcting lower. There was a break above a major bearish trend line with resistance near $7,630 on the daily chart of the BTC/USD pair (data feed from Kraken). The pair is…
Bitcoin Price Rockets to $8,450 as Iran Attacks U.S. Bases in Iraq
On Tuesday Bitcoin price continued the rally of the previous day by retaking $8,000 then pushing above the 200-day moving average for the first time since November 2019. The strong upside move also brought the digital asset above the long-term descending channel which formed on Jun. 25 and outside of today’s channel breach, Bitcoin had been pinned beneath the trendline since Oct. 26 when Chinese President Xi Jinping called for China to fast track the development and integration of blockchain technology. Cryptocurrency market weekly overview. Source: Coin360 Many believe Bitcoin’s…
Typical Ripple (XRP) Price Action, Dips Remain Attractive To Bulls
Ripple extended its rally and traded towards the $0.2250 resistance against the US Dollar. Recently, XRP corrected sharply, but bitcoin managed to pop above $8,000 and $8,200. Ripple price is trimming gains and it even dived to test the $0.2080 support against the US dollar. Bitcoin remained in a positive trend and it surged above the key $8,000 resistance. There is a major contracting triangle forming with support near $0.2090 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair could dip sharply towards the $0.2050…
Ethereum Bulls Hesitates But Upsurge Above $150 Is Looming
Ethereum rising steadily above the $142 and $145 resistance levels versus the US Dollar. Besides, bitcoin surged close to 5% above $8,400, opening the doors for an upside break in ETH above $150. Ether price traded to a new 2020 high at $148 and it is currently consolidating against the US Dollar. The price seems to be struggling to gain momentum above $148 and $150. Yesterday’s highlighted important bullish trend line is intact with support near $142 on the hourly chart of ETH/USD (data feed via Kraken). Bitcoin rallied $400,…
Bitcoin Hits New 2020 High Above $8,400 After Iranian Missile Attack
Bitcoin’s price has hit a new record for 2020, reaching as high as $8,438 before retracing slightly. At 23:30 UTC on Jan. 7, the world’s largest cryptocurrency by market capitalization began a strong upward trend from $8,080 to above $8,400 before topping out at $8,438 in just over 40 minutes. The move to fresh 2020 highs comes after Iranian missiles struck U.S. and coalition bases in Iraq, causing traders to reallocate capital into safe-haven assets such as gold and oil away from riskier assets. Joshua Green, Head Of Trading at…