Day: April 23, 2020

Gilded Automates Crypto Payments for CoinMarketCap

boss

CoinMarketCap (CMC) has deployed a totally automated digital currency payments solution, from finance network Gilded.  Gilded Chief Operations Officer (COO) Neal Roche told Cointelegraph the automated approach solved a lot of issues currently facing crypto invoicing and payments: “Most companies, when they start accepting crypto, they basically have this manual process that they have to go through: tell the customer what the wallet address is, keep rotating those addresses, and then if you’ve got a bunch of invoices and a bunch of customers, you need to reconcile if they’ve paid…

Ripple (XRP) Defies Gravity But Here Is Why It Could Correct In Short-Term

boss

Ripple started an upward move above the $0.1850 resistance area against the US Dollar. However, XRP price is struggling to gain momentum above the $0.1900 and $0.1920 resistance levels. Ripple price is showing positive signs above the $0.1850 pivot level against the US dollar. The bulls are still struggling to gain strength above the $0.1900 and $0.1920 levels. There is a connecting bullish trend line forming with support near $0.1850 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair is likely to continue higher towards…

DeFi Platform Suffers 51% Attack From Its Top Miners — or Does It?

boss

Drama continues to plague decentralized finance (DeFi), with Factom-based stablecoin network PegNet appearing to suffer a 51% attack that resulted in $6.7 million worth of the USD-pegged stablecoin pUSD being fraudulently created. The attack was executed by a group of four miners who collectively control 70% of PegNet’s hash rate on April 22. The miners were unsuccessful in attempts to liquidate the funds and now claim it was simply a security penetration test. PegNet core developer ‘WhoSoup’ posted a recap of the events surrounding what he believes was an attack.…

Surviving Crypto Volatility With Derivatives Contracts

boss

Volatility has been the dominant theme in financial markets lately. As uncertainty around COVID-19 and its impact on the economy deepens, markets have been swinging wildly. We’ve seen the S&P 500 falling off a cliff as well as risk assets across the board taking a beating. Cryptocurrency markets have been no different and have exhibited extreme volatility. Amid the pessimism, Bitcoin (BTC) broke below the $4,000 mark on Black Thursday and fell nearly 50% from recent highs.  It’s been over a month since the crash, and though we have seen…

Ethereum Bulls Aim Big After Price Smashes Crucial Resistance

boss

Ethereum is up close to 8% and it surged above the $180 resistance against the US Dollar. ETH is likely to accelerate higher towards the $195 and $200 levels in the near term. Ethereum is back in a positive zone above the $175 and $180 levels. The bulls are now in control and they are likely aiming a test of the $200 level. There was a break above a major bearish trend line with resistance near $177 on the hourly chart of ETH/USD (data feed via SimpleFX). The pair could…

MyEtherWallet Takes ‘.Crypto’ Addresses Mainstream

boss

Popular online Ethereum (ETH) website and app MyEtherWallet has partnered with decentralized domain provider Unstoppable Domains to become the first reseller for ‘.crypto’ domain names.  MyEtherWallet’s million or so monthly users will now be exposed to the blockchain domain names, which are designed to simplify crypto payments with readable addresses.  Rather than using the cumbersome 35 alphanumeric addresses associated with crypto wallets, ‘.crypto’ domain purchasers are able to associate the domain with their cryptocurrency wallet — allowing them to use simple addresses such as ‘yourname.crypto’ when requesting payments. While not…

City’s Ransomware Denials Exposed, Still Faces 100 BTC Demand

boss

A ransomware gang has published personal and financial data from the Californian City of Torrance online — and threatened to reveal 200GB more unless their demands are met. Calling themselves DoppelPaymer, the ransomware gang has demanded 100 Bitcoin (BTC) — worth around $700,000 — in exchange for not releasing any more files stolen in the March 1 cyberattack.  The cyberattack erased the City’s local backups and encrypted approximately 150 servers and 500 workstations. The release of the data is embarrassing for City officials who claimed that no private data from…

Bitcoin Price is Primed For Upsurge to $8,000 And Only 1 Thing is Holding it Back

boss

Bitcoin is up close to 4% and it broke the key $7,000 resistance zone against the US Dollar. BTC price is likely to surge towards $8,000 if it clears the $7,280-$7,300 resistance zone. Bitcoin remained well bid and it started a fresh increase above $7,000 against the US Dollar. The bears failed to push the price below the $6,750-$6,800 support zone. There was a break above a major bearish trend line with resistance near $7,035 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair is…