Ethereum (ETH) Price Facing Uphill Task: Can It Rally Similar To Bitcoin

ETH price made another attempt to climb above the $318 and $320 resistances against the US Dollar. The price is struggling to break $320 and it is currently consolidating gains. There is a key bullish trend line forming with support near $311 on the hourly chart of ETH/USD (data feed via Kraken). Bitcoin price surged more than 7% recently and broke many hurdles such as $11,500. Ethereum price is facing a strong resistances versus the US Dollar, and declined vs bitcoin. ETH price must clear the $320 barrier to accelerate…

Bitcoin’s Share of $350 Billion Crypto Market Highest Since 2017

Bitcoin has done it again, hitting a new 2019 high at $11,788, before retracing slightly. At 21:00 UTC on June 25, the world’s largest cryptocurrency by market capitalization broke from sideways trading after being held beneath $11,400 for over 11 hours. However, perhaps most notable is the fact that bitcoin also crossed above 60 percent market dominance for the first time in over 17 months. A metric maintained by data provider CoinMarketCap, the Bitcoin Dominance Index shows bitcoin continues to gain altitude at a time when broader confidence in the…

Tim Draper Is Bullish On Argentina’s Blockchain Tech Potential

In a talk at the Bitcoin2019 conference, Draper revealed his perspective on the implications of his bet with Argentina’s current president which he made this year as reported by national media. He made the bet during a visit to Argentina, where he met with the Argentinian leader and talked about the benefits of cryptocurrency, encouraging him to legalize Bitcoin. The conversation covered the devaluation of the Argentinian peso and quickly escalated to a wager: if Bitcoin gets to be more valuable that the peso by 2023, Argentina’s leader would declare…

Bitcoin’s Second Moon Landing is Nothing Like the First One: SFOX

The growing consensus among crypto pundits and experts is that this Bitcoin bull run is decidedly different from the one that left so many wide-eyed retail investors who succumbed to FOMO in 2017 out in the cold just months later. Why 2019 is Different Than 2017 Backers say that Bitcoin’s parabolic 2019 ascent is nothing like the 2017 bubble. | Source: TradingView For one thing, it appears retail FOMO has only begun in traces around the periphery. For another, institutional interest plays a prominent driving force at present. This may…

Bitcoin Hits 15-Month High as Naysayers Double Down on ‘Dead Cat Bounce’

Bitcoin (BTC) was holding steady around $10,850 on June 24 after a fresh surge took it above $11,000 for the first time in over a year. Market visualization courtesy of Coin360 Data from Coin360 showed a slight correction kicking in for bitcoin on Monday, markets consolidating gains after a dramatic weekend. BTC/USD had climbed as high as $11,230 in recent days, marking its best performance since early March 2018. The action did not go unnoticed, with mainstream media titles appearing to struggle with explaining the return of a cryptocurrency they…

Square Is Expanding Access to Bitcoin Deposits for Cash App Users

Payments company Square is rolling out bitcoin deposits for its mobile Cash App. The app, available on both Android and iOS, now supports deposits for at least some users, according to Twitter posts by bitcoiners and a check by a CoinDesk reporter of his own Square account Tuesday. Previously, users could purchase or sell bitcoin, as well as transfer the cryptocurrency to another wallet. Square first began allowing select Cash App users to purchase and sell bitcoin in November 2017, announcing a few months later that it would roll that feature…

Report Shows Cryptojacking Is Prime Example of Shift Towards Discreet Cyberattacks

Cybercriminals are reportedly favoring unhurried approaches in attacks made for financial gains, with cryptojacking as a prime example of this shift. IT news website ComputerWorld reported on this development on March 14. Data released by cybersecurity company Darktrace reveals that cryptojacking attempts increased by 78 percent in 2018, and, according to ComputerWorld, the company also said that this trend continued in 2019. The ComputerWorld article cites Max Heinemeyer, director of threat hunting at Darktrace, commenting on the findings. He reportedly said that since many ransomware victims may be unable to pay…

German Police Seize Six Figures in Crypto From Suspects Involved in Dark Web Site

German police, along with Europol, have shut down servers of a dark web marketplace and seized six figures in crypto from the arrested suspects, Europol announced on May 3. The Wall Street Market, reportedly the world’s second-largest dark web market, has been shut down by the German Federal Criminal Police under the authority of the German Public Prosecutor’s office. According to the report, German authorities arrested three suspects and seized over 550,000 euros ($615,000) in cash  along with bitcoin (BTC) and monero (XMR) in six figure amounts (actual value unspecified)…

Bitcoin Approaches $7K as Top Cryptos See Double Digit Growth

Saturday, May 11 — most of the top 20 cryptocurrencies are reporting major gains on the day by press time, as bitcoin (BTC) breaks the $6,900 mark. Market visualization courtesy of Coin360 Bitcoin is up over eight percent on the day, trading at $6,950 at press time, according to CoinMarketCap. Looking at its weekly chart, the coin is up nearly 22%, surging in price since the end of the week. Bitcoin 7-day price chart. Source: CoinMarketCap Ether (ETH) is holding onto its position as the largest altcoin by market cap,…