Day: October 5, 2018

Number of Compromised Routers in India Doubled, Reaching Almost 30,000

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A recent report by security company Banbreach has found that in the past month, the number of routers compromised by cryptojacking software in India has doubled. The report indicates that hackers have cracked over 30,000 routers within the country, Hard Fork reported Oct. 5. Banbreach managed to track Internet traffic and detect all devices on the Internet with public IP addresses, which made it possible to examine traffic passing through routers. In the course of its research, Banbreach grouped populated areas of India into three categories from most to least…

‘Bitcoin Is Close to Bottoming’

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Spencer Bogart, an expert from digital currency and blockchain venture firm Blockchain Capital has said that the Bitcoin (BTC) price has nearly found its bottom, CNBC reported Oct. 5. Speaking on CNBC’s “Fast Money,” Bogart asserted that “we’re down about 70 percent from our highs, so I think that Bitcoin is close to bottoming and so is the rest of the market.” Bogart added that the news flow regarding the cryptocurrency industry “is a piece of kindling that we are going to throw onto a future crypto bonfire when we…

LTC is an institutional Grade Investment, Bull aim at $70

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Still, Litecoin is ranging within a $20 zone with upsides at $70. Though we are expectant at the back of strong fundamentals and technical formations, our Litecoin trade plans shall be solid if and only if our trading conditions are met. Latest Litecoin News Relying on the so called experts can be dashing for your portfolio. While they may be right and authoritative, an investor should take initiative and research before making an investment decision. When LTC was created in 2011 the different hashing algo for mining & 2.5 minute…

High-Earning Millennial Men are Most Interested in Crypto Investing

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Recent research by blockchain-focused company Clovr has revealed that cryptocurrency investing is most popular among millennials earning from $75,000 to $99,999 annually. The survey collected responses from over 1,000 Americans between ages 18 and 80. Per the survey, men are almost twice as likely as any other generation to invest in digital currencies, with 43 percent of men and 23 percent of women investing in crypto. 47 percent of individuals with an annual income not less than $75,000 annually have invested in digital assets, while less than a quarter of…

Tron, Cardano Could Lead Altcoin Break outs

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Thanks to a one percent gain in the last day, Cardano is the top performer in the top 10 with Tron leading after adding 1.5 percent. All in all, we anticipate gains today and that’s why we recommend buying on dips at spot rates with stops at fitting support levels. In the meantime, patience should prevail in XLM, EOS and in Litecoin since prices are still below key resistance levels. Let’s have a look at these charts: EOS Price Analysis As the week concludes, EOS price continue to oscillate within…

Element Analysts Believe Bitcoin Market Has “Ran Out of Juice”

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Element Group, a cryptocurrency economics and digital assets solutions analyst, published a report explaining that the SEC’s delay in approving bitcoin ETF proposals is the primary reason why the market has become so boring in recent weeks. Crypto Market Has Become Boring BTC/USD | Bitfinex “One can argue that the depressed volatility patterns we’re seeing with bitcoin is the market slowly adopting bitcoin as a [Store of Value] SoV,” wrote Element analysts, Thejas Nalval and Kevin Luon, in the report published last week. However, they added that it seemed like…

Circle Acquires Crowdfunding Platform and Broker-Dealer SeedInvest

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Cryptocurrency finance company Circle Internet Financial Ltd. has acquired equity crowdfunding platform and broker-dealer SeedInvest, according to an announcement published October 5. Exact terms of the transaction were not disclosed. New York-based SeedInvest was founded in 2012 as a startup investing platform. Since then, the company has reportedly raised capital for 220 firms through more than 240,000 investors. The average investment per company through SeedInvest is said to be $500,000, while the largest investment was$2,000,000. Once the acquisition is approved by the Financial Industry Regulatory Authority (FINRA), it will reportedly…

CFTC Chair Notes Crypto Cases in Record Year of Enforcement Actions

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Christopher Giancarlo, the chairman of U.S. Commodity Futures Trading Commission (СFTC), said in an Oct. 2 speech that enforcement actions and fines increased significantly in the last fiscal year. Giancarlo presented at the Economic Club of Minnesota, stating that the enforcement of the recent fiscal year, which ended September 30, was “among the most vigorous in the history of the CFTC.” The CFTC filed 83 enforcement actions in the last fiscal year, representing a 25 percent increase from the last three years of the previous administration. The CFTC levied as…

Bitcoin, Ethereum, Ripple, Bitcoin Cash, EOS, Stellar, Litecoin, Cardano, Monero, IOTA: Price Analysis, October 5

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The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph. Every investment and trading move involves risk, you should conduct your own research when making a decision. Market data is provided by the HitBTC exchange. 2017 was about large range days and superlative returns in cryptocurrencies. 2018 is about a crushing bear market and a sharp drop in volatility. Bitcoin’s volatility is at year-to-date lows and most altcoins have followed suit. While flat markets are despised by speculative traders,…