Day: May 27, 2019

Ethereum (ETH) Price Holding Uptrend Support: Bulls Eyeing $300

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ETH price recently climbed higher and settled above the $265 resistance against the US Dollar. The price gained traction and spiked towards the main $280 resistance area. There is an ascending channel forming with support near $266 on the hourly chart of ETH/USD (data feed via Kraken). The pair is trading nicely above the key $265 support and it may continue to rise in the near term. Ethereum price is showing positive signs versus the US Dollar, but struggling vs bitcoin. ETH is likely to accelerate higher and it might…

Key Bullish Technical Signal Predicts Bitcoin Price Is Approaching $12,000

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By CCN: The minor bitcoin price rally which Bloomberg initially rejected as an April Fools’ joke has metamorphosized into a laughter riot. The world’s leading cryptocurrency has surged as much as 116.29% since its first notable breakout action of April 2. It established a fresh yearly high $8,947.88 this Monday in what now appears like a tireless bull run. There have been no signs of extreme pullbacks despite bitcoin’s overbought status. And every minor downside correction is influencing more speculators to enter the bitcoin market at a slightly lower intraday rate.…

China’s Cryptocurrency Rankings | EOS Comes Out on Top

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EOS still maintains the top spot in China’s cryptocurrency rankings list. The superpower updated its list last week, proving that EOS is still the favorite. Bitcoin has climbed up three places and now sits in 12th position. Considering Bitcoin is up 10% to press time and approaching the $9k mark, its a wonder why it hasn’t ranked higher on the list. Well here’s why: China’s Cryptocurrency Rankings The rankings list assesses three criteria: technology, application, and innovation. The top five were as follows: EOS, TRON, ETHEREUM, STEEM, and ONTOLOGY. Despite…

Gram dApp Devs Reveal Details of Telegram’s Secretive Blockchain

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By CCN: Button Wallet is slated to be one of the first decentralized applications to launch on Telegram’s new blockchain, Telegram Open Network (TON). The secretive project recently opened to beta development, and Button published a blog post detailing how it works currently. https://t.co/6ATLfLAKq5 @telegram #ton #blockchain — BUTTON Wallet (@ButtonWallet) May 26, 2019 Telegram Developers Are “Really Good” The blog post, in part, compliments the TON development team: “Right now [the] developing experience is a bit challenging and unfriendly. Lite client is written on C++ and looks like it’s…

Yahoo! Japanese Cryptocurrency Exchange Taotao Confirms May 30 Launch

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Japanese cryptocurrency exchange Taotao will launch its trading service on May 30, Cointelegraph Japan reported Monday, quoting a social media update. Taotao, which is 40% owned by internet giant Yahoo! Japan’s YJFX, will initially offer trading in bitcoin (BTC) and ether (ETH). Margin trading will also be available in litecoin (LTC), XRP and bitcoin cash (BCH) in addition to BTC and ETH. The start date brings to a close a year-long process since Yahoo! Japan closed the 40% percent equity deal in the exchange, then called BitARG, in April 2018.…

Cryptopia Liquidator Files for User Data Protection at US Court as Process Continues

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Liquidators of defunct New Zealand cryptocurrency exchange Cryptopia have applied to secure user data stored in the United States as part of refund proceedings, a statement confirmed on May 27. Cryptopia, which suffered a hack in January, has spent months cooperating with law enforcement worldwide in an effort to control stolen funds worth around $16 million. The exchange appointed Grant Thornton to lead the liquidation, which confirmed it had applied for urgent interim relief at the Bankruptcy Court in the Southern District of New York on May 24. The filing…

Telegram’s TON Testnet Blockchain Light Client Uploaded to GitHub

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A GitHub user seeming uploaded the first version of the Telegram Open Network (TON) blockchain light client on May 25. Per the readme information file on GitHub, the client — if configured properly — connects to a full node for the TON blockchain testnet and sends some queries to it. The apparent existence of a testnet is in line with reports released in April, according to which Telegram opened access to a testing version of the TON Blockchain to a limited number of global developers, including Russian development teams. The document…

App Offering Free Bitcoin and Ether to Users Is a Scam, Malware Hunter Warns

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An app that claims to give users the chance to earn $45 a day in free bitcoin (BTC) is a scam, according to a tweet by an “independent malware hunter” posted on May 20. The software, known as Bitcoin Collector, is advertised on a website that supposedly enables users to share a unique URL with their friends with payouts of 3 ether (ETH) (worth about $800 at press time) for every 1,000 people who click on it. But according to a security researcher who goes by the nickname Frost on Twitter, the app is a…

Korea’s Oldest Bank Launches National Blockchain-Based Loan Platform

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Korea’s oldest bank, Shinhan Bank, has launched a blockchain-enabled lending platform to speed up the loan process, South Korean news agency Yonhap reports on May 27. Shinhan Bank’s blockchain-powered loan system intends to boost cost and time efficiencies in the lending process, reportedly enabling the public to apply for loans online and get their credits without face-to-face interaction. According to the report, the new system is the first initiative of its kind introduced in South Korea. Specifically, Shinhan Bank’s new lending system applies blockchain technology in the verification and confirmation…

Consensys Launches ETH Blockchain, DApp Developer Job Kit to Help Hopefuls Enter Market

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On May 24, New York-based blockchain firm ConsenSys released a new Blockchain and DApp Developer Job Kit to help aspiring Ethereum blockchain developers enter the market. Citing Linkedin’s 2018 U.S Emerging Jobs Report, Consensys notes that blockchain developer rotes have topped the professional network’s list for highest-growth positions in 2018, ostensibly increasing 33-fold in prevalence as compared with the previous year. The new resources released with the kit thus aim to help developers meet the growing demand for practical blockchain development knowledge and successfully enter the burgeoning market. Alongside resources…