Day: April 7, 2020

Bitcoin Indicator That Led Price to $3.8K Turns Bullish; Is $10K Next

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Bitcoin could move higher in the medium-term as one of its key technical indicators turns bullish for the first time since February. Dubbed as Golden Cross, the bullish breakout pattern forms when an asset’s short-term moving average closes above its long-term moving average. Bitcoin on Tuesday painted the same pattern on its four-hour timeframe graph, confirmed by its 50-period MA jumping above its 200-period MA. The price, meanwhile, jumped above $7,400. Green Cloud representing the formation of the Golden Cross | Source: Teddy Cleps The moving averages’ intersections play a…

Why Crypto Liquidations Protect Us All

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If the current COVID-19 pandemic has exemplified one thing, it is that our individual actions have consequences for all of us. Unfortunately, human nature propels the majority of humankind to put its individual interests first, and it takes a truly severe crisis to open our eyes to the interconnectedness of our actions. It is through assessment of real-life stress tests that the blockchain industry’s collective immune system develops the necessary resilience, and this is of the utmost importance, as the world’s total unpreparedness for the COVID-19 threat clearly showed. The…

Selling Bitcoin Now for ‘Fiat Debt-Coupons’ Is a Crime

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Bitcoin (BTC) will be the only exit from the “global reset” of finance which will allow central banks to even destroy the banking system itself. That was just one conclusion from Simon Dixon, CEO of cryptocurrency funding platform BnkToTheFuture, in the latest episode of financial news program the Keiser Report on April 7.  Dixon: “World’s largest regulated Ponzi scheme” is dying Discussing the global coronavirus epidemic and its impact on global finance, Dixon warned that the health aspect of the crisis was by no means its worst. “I don’t want…

Cryptocurrency Exchange OKEx Tackles Small Balances With New Offering

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Cryptocurrency exchange OKEx announced a new feature that allows its users to convert small balances to the firm’s proprietary token OKB. OKEx announced on April 7 that the new product allows its user to convert all the crypto asset balances worth less than 0.001 Bitcoin (BTC) ($7.38 at press time) into OKB. The upper limit for conversion value is 0.01 BTC ($73.84 at press time), there is no limit on conversion time but the conversion is only available when the price fluctuates within 5%. A trader told Cointelegraph that small…

Microsoft Helps Hospitals Fight Ransomware Amid Coronavirus Pandemic

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Global computing conglomerate Microsoft is notifying hospitals that are vulnerable to ransomware attacks to help prevent healthcare institutions from becoming overwhelmed amid the COVID-19 pandemic. The firm also published recommendations to hospitals for securing their systems and preventing ransomware attacks on April 1. Through the company’s network of threat intelligence analysts, Microsoft states that it “identified several dozens of hospitals” with vulnerable virtual private networks and other public-facing gateway applications in their systems:  “During this time of crisis, as organizations have moved to a remote workforce, ransomware operators have found…

Bitfinex Launches Staking in Response to Customer Demand

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Major cryptocurrency exchange Bitfinex has become the latest exchange to offer staking services to customers. Announced April 3, Bitfinex will offer staking rewards up to 10% per annum on crypto assets underpinned by a Proof-of-Stake algorithm. “We’re committed to engaging our existing users and the wider community with new products and innovations,” said Bitfinex’s CTO, Paolo Ardoino. “The Bitfinex Staking Rewards Program provides our users with another avenue to increase their holdings on our platform.” Bitfinex introduces staking in response to customer demand Ardoino states that Bitfinex’s clients asked for…