Ethereum Price Analysis: ETH Consolidating, Buyers Could Take Control

Key Highlights ETH price stayed above the $146 support and later recovered against the US Dollar. There is a connecting bearish trend line formed with resistance at $154 on the hourly chart of ETH/USD (data feed via Kraken). The pair could climb quickly if buyers clear the $154 and $155 resistance levels in the near term. Ethereum price is placed nicely above key supports against the US Dollar and bitcoin. ETH/USD is likely to slowly move higher as long as it is above $146. Ethereum Price Analysis After testing the…

Bitcoin Wallet Forced to Drop Key Privacy Features From Google Play App

Privacy-focused bitcoin wallet Samourai is having its hand forced by Google. According to a Samourai blog post, the wallet provider is disabling privacy features that are key to its design before its latest version, 0.99.4, hits the Google Play store tomorrow. The removed features include Samourai’s Stealth Mode, remote text message (SMS) commands, and SIM Switch Defense (a measure to protect against sim swaps). The privacy restrictions only affect the version of the wallet available on Google Play. To bypass these restrictions, users can also download what Samourai calls the…

Could Japan’s Approval of the Bitcoin ETF Affect US SEC’s Decision?

On January 7, CCN reported that the Financial Services Agency (FSA) of Japan is considering the approval of the country’s first Bitcoin exchange-traded fund (ETF). With the final deadline of the VanEck Bitcoin ETF on the horizon, could the approval of a Bitcoin ETF in Japan have an impact on the decision of the U.S. Securities and Exchange Commission (SEC)? Probability of a Bitcoin ETF in US The probability of the approval of a Bitcoin ETF in the U.S. by February remains low. A pro-crypto SEC commissioner Hester Peirce previously…

Decentralized Crypto ‘Must Be Susceptible to 51% Attacks’

A decentralized cryptocurrency is by definition vulnerable to 51 percent attacks, the creator of Litecoin (LTC) Charlie Lee stated in a tweet Jan. 7. In the wake of recent news about unusual mining activity on the Ethereum Classic (ETC) network — which many continue to refer to as a 51 percent attack — Lee shared his observation, stating that: “By definition, a decentralized cryptocurrency must be susceptible to 51% attacks whether by hashrate, stake, and/or other permissionlessly-acquirable resources. If a crypto can’t be 51% attacked, it is permissioned and centralized.”…

Swiss Crypto Exchange ShapeShift Lays Off a Third of Its Team

Switzerland-based cryptocurrency exchange ShapeShift has laid off a third of its team, the exchange’s CEO Erik Voorhees announced in a tweet today, Jan. 8. According to a company blog post accompanying the Twitter announcement — entitled “Overcoming ShapeShift’s Crypto Winter and the Path Ahead” — ShapeShift has laid off 37 of its employees, reducing the size of its team by a third. In the post, Voorhees attributes the staff cuts to the “latest bear market cycle,” noting that the company’s “greatest and worst financial decision [was] to embrace substantial exposure…

Pakistan Telenor Subsidiary Launches Remittance Service Using Alipay’s Blockchain Tech

The Pakistan-based subsidiary of global telecommunications giant Telenor has launched a blockchain-powered cross-border remittance service, according to a press release published Jan. 8. Per the announcement, the Pakistan-based Telenor Microfinance Bank (TMB), Valyou — a Malaysian fintech subsidiary of Telenor — and Telenor’s Easypaisa have jointly launched a blockchain-based international remittance service in Pakistan. The service is reportedly powered by blockchain technology developed by Ant Financial’s online payment platform, Alipay. The new service is reportedly geared to significantly increase the speed and efficiency of remittances between Malaysia and Pakistan. Pakistan…

Crypto Markets See Mixed Signals, Bitcoin Still Above $4,000

Tuesday, Jan. 8 — crypto markets are seeing mixed signals, according to data from Coin360, after a day mostly in the green. Bitcoin (BTC) still remains above current psychological barrier of $4,000, while some of the other major cryptocurrencies see mild losses. Market visualization from Coin360 Bitcoin has not dipped below the $4,000 mark for almost two days now, reaching up to $4,109 today. As of press-time, the leading coin is trading at about $4,050. Bitcoin 7-day price chart. Source: CoinMarketCap Bitcoin Price Index Ethereum (ETH) still occupies the leading…

GMO Mining Halted | GMO Internet Group Loses Mining Revenue

Japan’s GMO Internet Group has published a report on its in-house crypto mining operations. The IT giant confirmed that it took a steep hit in its overall GMO mining revenue. However, it steadily increased its monthly BTC mining rewards. GMO Mining Revenue The company showed “extraordinary loss” from its hardware manufacturing sector in Q4 of 2018. As a result, GMO said it will “no longer develop, manufacture and sell” miners. The company only entered the mining hardware sector in 2017, so that was very short-lived. However, while it will close its hardware…

Two US Law Firms File Class Action Against Altcoin Nano and Exchange BitGrail

Two United States law firms have filed a lawsuit against the developers of altcoin Nano (NANO) as well as Italian cryptocurrency exchange BitGrail, according to a notice published Jan. 7. Crypto-focused law firm Silver Miller and securities law firm Levi & Korsinsky have filed a class action lawsuit representing James Fabian — “and on behalf of all other persons similarly situated” — an investor in Nano, formerly known as RaiBlocks (XRB). The lawsuit alleges that Nano and “key members of its core team” violated federal securities laws and directed investors…