Day: February 29, 2020

Bitcoin to Soon Explode Past $9,000

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After a brutal start to the week that saw Bitcoin crash from $10,000 to as low as $8,500, the crypto market has finally started to show signs of consolidation. According to a well-known crypto trader who has predicted recent price action quite well, this consolidation is a potential sign that Bitcoin will soon re-enter the $9,000s. Such a move, other analysts have said, will confirm that BTC will continue higher, likely moving past its local high at $10,500 prior to the halving. Meet the Trader Who Called Bitcoin’s January Price…

Market Analysts Naeem Aslam and Ian Balina Debate Coronavirus and Crypto

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In today’s crypto market discussion, Cointelegraph is joined by crypto analyst Naeem Aslam, and the CEO of Tokenmetrics Ian Balina to discuss the impact of the coronavirus on the cryptocurrency markets.  Will the economic impacts of the coronavirus leave people flocking to cryptocurrencies as a safe haven? Naeem Aslam is skeptical of Bitcoin’s purported ‘safe haven’ status, emphasizing that Bitcoin is a haven from central bank monetary policy, and not infectious diseases: “I think when we talk about Bitcoin as a safe haven asset, we’re really talking about in relation…

Bitcoin Price Falls $1,400 in One Week — Is the Bear Market Back?

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This week the equity markets experienced their worst week in 12 years and as this meltdown took place the crypto market also took a hit.  Bitcoin (BTC) and the cryptocurrency market saw a significant selloff this week and this outcome is relatively reasonable given that people sell their assets out of fear of potential economic instability. Other safe-haven assets like gold and silver also saw a massive selloff on Friday.  Are the crypto markets going to find support in the coming weeks, or will we see a continued downtrend in…

New Trojans Targeting Major Crypto Exchanges Apps Discovered

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ThreatFabric, an Amsterdam-based cybersecurity firm specializing in threats to the financial industry, has identified the “Cerberus” Trojan that steals 2-Factor Authentication (2FA) codes generated by the Google Authenticator app for internet banking, email accounts, and cryptocurrency exchanges. US-based cryptocurrency exchange Coinbase is one of the crypto platforms listed in Cerberus’ exhaustive list of targets — which also includes major financial institutions around the world and social media apps.  The cybersecurity firm notes that it has not identified any advertisement on the dark beb for Cerberus’ updated features, leading it to…

New Malta Government Says It Still Wants to Run a ‘Blockchain Island’

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Last week, the financial watchdog of Malta came forward with an unexpected statement. Apparently, Binance, a leading cryptocurrency exchange that had been enjoying a close relationship with local authorities, is not authorized “to operate in the crypto currency sphere,” as the regulator’s press release stressed.  While the Malta Financial Services Authority has yet to license any cryptocurrency business — and not just Binance — under the country’s widely marketed cryptocurrency framework, the statement signifies a deterioration in relations between the cryptocurrency sector and Maltese officials, who have claimed to run…

Bitcartcc’s Merchant Solution: Developer Builds Self-Hosted Btcpay Alternative Supporting Bitcoin Cash

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On February 28, Bitcoin Cash (BCH) proponents were introduced to a new platform called Bitcartcc. The project is a self-hosted open source payment processor that allows merchants to accept bitcoin cash easily. Bitcartcc was created because the developers behind the popular application Btcpay refuse to add support for BCH. Bitcartcc was built so anyone can leverage a “light and fast solution” for accepting bitcoin cash payments. Also read: Record Breaking Interest – Observing the Predictive Power of Bitcoin Futures Over BTC Spot Prices Bitcartcc: Self-Hosted, Open Source Payment Processor With…

Jack Dorsey Should Be Replaced as Twitter CEO, Investor Proposes

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Billionaire investor, Paul Singer, is pushing for the removal of Jack Dorsey as CEO of Twitter. According to a CNBC article dated Feb. 28, the Elliott Management founder and activist investor is concerned about Dorsey’s time being split between two $5 billion-plus companies, and his desire to move to Africa. Singer questions Dorsey’s focus The $40.2 billion hedge fund managed by Singer took a major stake in the social media giant recently and has already nominated four replacement directors to Twitter’s board according to reports. Dorsey has previously faced criticism…

Why Wall Streeters Party Hard When The Stock Market Crashes

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The stock market just experienced its fastest correction in 50 years. But that might not be so bad for the big wigs on Wall Street. An 18-year finance industry veteran explains how financials fire employees when markets crash. And they get sent off with plush severance packages, and paid garden leave (vacations) to exotic locales. The stock market just had its worst week in history. According to Birinyi Associates, it’s the fastest correction in 50 years. But it could get even worse next week. Fears about the coronavirus pandemic sparked…

Wilshire Phoenix Slams SEC for Bitcoin ETF Rejection

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Wilshire Phoenix, a New York-based asset management firm, has responded to the United States Securities and Exchange Commission (SEC) rejecting its proposed Bitcoin (BTC) exchange-traded fund (ETF). The firm states it is “very disappointed” by the SEC’s ruling, emphasizing that it went to great lengths to ensure compliance with the SEC’s expectations: “We made every effort to get the SEC’s attention on this important issue, including undertaking extensive analysis that was made available to the SEC staff, submitting key data, and offering to provide additional information to facilitate the listing…

Four Reasons the Xbox Series X Will Be No Threat to the PlayStation 5

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The PlayStation 5 must compete with the new Xbox Series X features. However, the PS5 will have some gimmicks of its own. Sony’s eventual reveal will be a can’t-miss event. The Xbox Series X is shaping up to be a killer platform. This week’s revelation of the Xbox sporting a smart delivery, multi-app suspension means this device will have every quality-of-life feature on the planet. However, even with the current lack of information, the PlayStation 5 (PS5) will surely deliver. Here are a few reasons why. 1. PlayStation has a…