A historically accurate bitcoin price indicator has just flipped its market bias to bullish after four months. Dubbed as Guppy Multiple Moving Average, or Guppy, the technical indicator identifies changing trends and potential price breakouts by adjoining an asset’s long and short term moving averages. It has long served as a leading barometer for determining bitcoin’s next market sentiment. For instance, when Guppy first turned green in April 2019, the move prompted bitcoin to register a supersonic price rally wherein it swelled by 235 percent. Similarly, when Guppy switched back…
Day: January 27, 2020
Court Documents Reveal More Possible Investors in Telegram’s $1.7B ICO
Some big names that may have invested in Telegram’s token sale are surfacing in court documents as the company fights a case brought by the U.S. Securities and Exchange Commission. The list includes some prominent individuals as well as investment firms. One of them, a former board member of Bitcoin Foundation and a partner of Ribbit Capital Micky Malka, is mentioned in the deposition of Telegram CEO Pavel Durov. Asked if Telegram knew which of its investors could be a validator in TON proof-of-stake blockchain, Durov said: “We didn’t put…
Bitcoin Gold Blockchain Hit by 51% Attack Leading to $70K Double Spend
The Bitcoin Gold (BTG) blockchain has suffered a 51% attack resulting in over $70,000 worth of BTG being double spent. According to a GitHub post by James Lovejoy, a researcher at MIT’s Digital Currency Initiative, the hard-fork of Bitcoin was hit by two deep reorganizations of over 10 blocks on Jan. 23 and 24. A 51% attack is a situation where a single entity or group controls over half of the hashpower securing a blockchain. This then allows control over confirmation of new transactions, and the power to reverse completed…
Bitcoin Eyes $8.8K After Largely Erasing Last Week’s Dip
Bitcoin’s recent pullback looks to have ended. Now prices could challenge a crucial price hurdle near $8,800. Source
5 Online Casinos That Accept Bitcoin Cash
Digital cash was the original use case for bitcoin, and it remains the primary one for bitcoin cash (BCH) today. The ability to send funds anywhere in the world quickly and cheaply has made bitcoin cash a popular choice for online casino players. There are scores of gaming sites where you can deposit BCH and other cryptos and then withdraw your winnings in the same manner. Here’s a snapshot of what these crypto-friendly sites have to offer. Also read: How to Create Custom SLP Tokens With the Bitcoin.com Mint Mintdice…
Bitcoin, Ether, and XRP Weekly Market Update January 27, 2020
The total crypto market cap added $1.1 billion to its value for the last seven days and now stands at $238.7 billion. The top 10 currencies showed mixed results for the same time frame with Bitcoin Cash (BCH) and Cardano (ADA) gaining 4.7 percent while XRP lost 3.3. By the time of writing bitcoin (BTC) is trading at $8,614 while ether (ETH) moved up to $166. Ripple’s XRP is trading at $0.227. BTC/USD Bitcoin lost 4 percent of its value in just 1 hour of trading on Sunday, January 19,…
Over 700 Blockchain Firms Founded This Month in China, Over 26,000 In Operation
Chinese entrepreneurs registered 714 blockchain firms in China this month, resulting in a total of 26,089 such companies operating in the country. According to cryptocurrency data firm LongHash on Jan. 26, the total number of blockchain firms registered in China is 79,556, while 57,257 Chinese blockchain firms also lost their legal status or had their licenses revoked. From 2009–17, the annual number of founded blockchain firms remained relatively static, before a notable jump upward in 2018. While it remains to be seen whether funding remains stable for the remaining 11…
This Top Cryptocurrency Got 51% Attacked. Yet, It’s Up 19% And It’s a Problem
A researcher at the MIT Digital Currency Initiative discovered that Bitcoin Gold was 51 percent attacked on January 23. Yet, in the last 24 hours, the cryptocurrency has increased by 19 percent in price. In a report published on code repository GitHub, MIT DCI research assistant James Lovejoy said two seperate attacks were carried out on Bitcoin Gold blocks within a span two days. More attacks can happen and still, price of the cryptocurrency is up A 51 percent attack is quite possibly the most serious form of attack against…
Bad Actors Rent Hashing Power to Hit Bitcoin Gold With New 51% Attacks
Bitcoin gold, a cryptocurrency that forked from bitcoin in 2017, has again been hit by 51-percent attacks. Occurring Thursday, according to tweets from the bitcoin gold team, two deep blockchain reorganizations (or reorgs) resulted in double spends of 1,900 BTG and 5,267 BTG, respectively. The losses amount to around $87,500 at current prices. “We do not know if they successfully extracted any value from an exchange. Advanced risk control systems in exchanges make it likely one or both attacks failed,” they wrote. “Evidence” suggests the attacks used mining power obtained…
IOTA (MIOTA) Tangle Technology Uses Far Less Energy Than Bitcoin (BTC)
Digiconomist, a platform that claims to be dedicated to exposing the unintended consequences of digital trends from an economic angle, has evaluated the energy consumption of IOTA (MIOTA) and Bitcoin (BTC) and discovered that the latter uses over 10x more energy to carry a 1 BTC transaction as compared to IOTA’s Tangle, according to reports on January 27, 2020. Tangle More Energy Efficient than Bitcoin While Satoshi Nakamoto’s Bitcoin (BTC) blockchain remains one of the most secure distributed ledgers in the crypto-verse, the network’s massive energy consumption has been seriously…