Netherlands: Bitcoin Trader Attacked in His Home

A Bitcoin (BTC) trader has been attacked in his home in the Netherlands by a group of robbers disguised as the police, local news outlet De Telegraaf reported on Feb. 23. A 38-year Tjeerd H. was reportedly the victim of a violent raid in his home in Drouwenerveen on Feb. 10, wherein a group of criminals wearing balaclavas and bulletproof vests with a police coat threatened him with firearms. While the motive of the raid is not clearly established, De Telegraaf conducted their own investigation revealing that H. had been…

Global IT Firm Cisco Systems Opens Tech Development Center in Singapore

International tech and IT firm Cisco Systems has opened a Co-Innovate Center in Singapore, the Bangkok Post reports on Feb. 25. Cisco CTO Dave Ward reportedly said that the new center — there are 14 worldwide — will help stimulate the development of new technology in the region. The branch in Singapore will purportedly concentrate on cybersecurity, the Internet of Things (IoT) and blockchain technology. The IT firm will reportedly offer various prototypes and display potential applications of new technology in different commercial contexts, as well as in public administration…

Ethereum Price Analysis: ETH Remains Sell Until It Breaks 100 SMA

ETH price corrected a few points after a sharp decline below the $142 support area against the US Dollar. The price corrected above $138, but the previous supports at $141 and $142 prevented gains. There is a short term breakout pattern in place with resistance at $140 on the hourly chart of ETH/USD (data feed via Kraken). The pair must break the $142 resistance and the 100 hourly simple moving average to move into a positive zone. Ethereum price started consolidating losses after a major drop against the US Dollar…

“Clear and Robust Strategy” Nets 0.023% Recovery of Bitfinex’s Hacked…

According to an official statement published on February 25, 2019, Bitfinex has revealed that the United States government returned 27.7 BTC (worth about $105,000 USD) to the exchange, as part of restitution for a hack that was effected on the exchange back in 2016. The returned tokens represent just 0.023 percent of the bitcoin stolen in the infamous 2016 hack. Bitfinex said that U.S. federal law enforcement informed them in November of last year that it had obtained access to the stolen funds. Bitfinex CFO Giancarlo Devasini was full of…

Bitcoin Price Analysis: Bullish Rejection Wipes Out Bitcoin’s Weekend Gains

Over the weekend, a strong rally was stifled by an even stronger rejection as the bitcoin market was shoved into a band of overhanging resistance. This band of resistance has been mentioned several times in our analyses over the last few weeks as it has proven impossible to overcome for the time being: Figure 1: BTC-USD, Daily Candles, Failed Breakout This run to the low $4,000s coincided with a breakout of a rather large symmetrical triangle consolidation shown above. It managed to establish a new, local high but was immediately…

NFTs Are Here. But Where Are They Headed?

Michael J. Casey is the chairman of CoinDesk’s advisory board and a senior advisor for blockchain research at MIT’s Digital Currency Initiative. The following article originally appeared in CoinDesk Weekly, a custom-curated newsletter delivered every Sunday exclusively to our subscribers. ___________ There was something both fresh and familiar about the NFT.NYC conference that non-fungible token developer PeopleBrowsr put on at the PlayStation Theater in Times Square last week. It felt like some of the early bitcoin conferences: A little scrappy and rough around the edges, some wild ideas that ranged from…

Warren Buffet: Bitcoin Is a ‘Delusion’ But Blockchain Is ‘Ingenious’

Billionaire investor Warren Buffett thinks blockchain technology “is important,” but remains far less bullish on bitcoin. Speaking to CNBC’s Becky Quick, the chairman and CEO of the multinational conglomerate Berkshire Hathaway reiterated his long-held views on bitcoin, calling the way some people perceive the cryptocurrency “a delusion.” “It’s ingenious and blockchain is important but bitcoin has no unique value at all,” Buffett said. “It doesn’t produce anything, you can stare at it all day and no little bitcoins come out or anything like that.” Acknowledging that bitcoin and blockchain were…

2 Crypto Startups Want to Put 10 Million Used Cars on a Blockchain

Cryptocurrency non-profit, the Fusion Foundation, and the Automotive eXchange Platform (AXP) are joining forces to bring the U.S. second-hand car market and its insurance and financing to a blockchain. The first step in the partnership, according to a Monday announcement, is to integrate Fusion’s blockchain platform and digitize AXP’s current database of 10.5 million automobiles, so they can be properly tracked and audited. The auto industry has long struggled with a lack of transparency and widespread information inaccuracies from titles all the way through financing, said Max Kane CEO and co-founder…

Hacker Moves 2.09 Mln EOS Following Blacklist Update Failure

An anonymous hacker managed to move 2.09 million EOS ($7.7 million) from a hacked account due to an alleged failed update by an EOS block producer (BP), according to a Telegram post by EOS block producer EOS42 on Feb. 23. The EOS blockchain has a feature that requires BPs to blacklist compromised accounts; all top 21 BPs are required to blacklist a certain account in order for the blacklist to function properly. On Feb. 22, a new EOS block producer dubbed “games.eos” apparently did not update the blacklist for EOS…

Bitcoin, Ethereum, Ripple, EOS, Litecoin, Bitcoin Cash, Stellar, Tron, Binance Coin, Cardano: Price Analysis, Feb. 25

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. A bottom formation after a long bear market is not a linear process. At various intervals, we are likely to witness spurts of buying and selling as the bulls and the bears attempt to establish their supremacy. After a smart recovery from the lows,…