Day: March 29, 2020

Here’s Why 100 SMA Could Spark Fresh Bitcoin Rally In Near Term

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Bitcoin failed to surpass the $7,000 resistance and declined below $6,500 against the US Dollar. BTC is likely to bounce back as long as it is above $6,000 and the 100 SMA (H4). Bitcoin price is currently correcting gains from the $7,000 resistance area. The $6,000 region and the 100 simple moving average (4-hours) are important supports. There was a break below a major bullish trend line with support at $6,620 on the 4-hours chart of the BTC/USD pair (data feed from Kraken). The pair is currently consolidating losses above…

Network of Fake Bitcoin QR Code Generators Stole $45,000 in March

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A network of malicious QR code generators has stolen more than $40,000 from Bitcoin (BTC) users in one month. At least nine fake Bitcoin-to-QR code generators have been spotted in recent weeks, with security researcher, Harry Denley, first tweeting that he had identified two domains hosting fake QR code applications on March 22. Denley later identified seven other domains sharing the same interface — suggesting that they are all created by the same developer. Fake Bitcoin QR code generators steal over 7 BTC The malicious programs promise to convert a…

Ethereum Is In Downtrend But This Variable Can Trigger A New Rally

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Ethereum failed to clear the $142 resistance and started a fresh decline against the US Dollar, similar to bitcoin. ETH price could soon test the main $120 support area, where the bulls might emerge. ETH price is currently trading in a bearish zone below the $135 level against the US Dollar. There are many hurdles on the upside, starting with $135 and up to $144. There is a major bearish trend line forming with resistance near $135 on the 4-hours chart of ETH/USD (data feed via Kraken). The pair remains…

Ethereum-Based Social Video Network Integrates Zoom for Live Streaming

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The Ethereum-based social media app, Pepo, has integrated with video conferencing platform, Zoom, to facilitate live streaming. Pepo Live Events is currently exclusively available in beta on the platform’s website and has not given an estimate for when it plans to enable mobile functionality. Pepo integrates Zoom for live streaming Only Pepo community admins are able to stream live, however, anyone can participate in the live events. All events streamed on the platform are recorded, and are limited to a time limit of three hours. Pepo’s decision to integrate Zoom…

These 3 Factors Show Bitcoin Has Further to Fall After Hitting $6,000

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Over the past 24 hours, Bitcoin hasn’t performed too well. After maintaining the $6,700 support for a number of days, the cryptocurrency tanked on Friday evening in a move that shocked investors, falling as low as $6,050 by the next morning, marking a decline of 10% from the then-daily highs. Related Reading: King of the Hill: Top Crypto Investor Explains Why Altcoins Are Highly Risky Although the selling pressure has since abated, with BTC holding $6,200 over the past few hours, some fear the crypto market will continue to trend…

Overstock Plots Global Expansion for Blockchain-Based Agritech Platform

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Overstock’s blockchain accelerator, Medici Ventures, announced a global expansion of the distributed ledger technology (DLT)-powered agritech platform GrainChain. Medici Ventures published a press release on March 27 announcing that GrainChain’s expansion will be executed in collaboration with fintech company Symbiont — with GrainChain set to transition from HyperLedger Fabric to Symbiont’s enterprise blockchain platform, Assembly. Medici is a shareholder in both GrainChain and Symbiont. Medici Ventures plots global expansion of GrainChain GrainChain seeks to speed up and remove friction capital circulation in the agricultural market through the use of smart…

Bitcoins on the Move — Is BTC Price Inversely Correlated to Mempool Size?

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After making a strong recovery from $3,775 to $6,450, Bitcoin’s (BTC) price has traded in a tight range which has seen the price struggle to push above resistance at $6,400 and $6,850. Despite the current pullback, technical indicators like the Stock-to-Flow model and the network’s consistent growth in hash rate show that investors have regained a small amount of confidence. Another factor worth considering is Bitcoin’s mempool size as it also can provide some insight into how buyers and sellers are reacting during these uncertain times. Cryptocurrency market weekly overview.…

Overview of Software Wallets, the Easy Way to Store Crypto

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Similar to a bank account for fiat currency, a crypto wallet is a personal interface for a cryptocurrency network that provides reliable storage and enables transactions. Whether a cryptocurrency is securely stored or not, much depends on the wallet, which is only as secure as its private keys. Wallets are generally either hot or cold. The funds in a hot wallet can be spent at any time, online. A cold wallet functions in contrast: not intended for regular cryptocurrency transactions, but funds can be received at any time. Wallets can…

400 Kraken Survey Respondents Predict Bitcoin Price Will Surpass $22K in 2020

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While You’re Under Quarantine, Check These Sites for Remote Crypto Jobs If you are on the lookout for a job in these pressing times, when the coronavirus pandemic has limited public movement and shut down businesses, it’s worth exploring opportunities to work from the relative safety of your home. The number … read more. The Internet May Be Next Victim of Coronavirus Pandemic – Netflix, Google, Apple and Amazon React With an estimated billion people staying home, remote working or just watching shows online all day, telecom infrastructure is coming…