Day: November 3, 2019

Ripple (XRP) Price Struggling To Hold Key Uptrend Support

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Ripple price is holding an important support area near the $0.2880 level against the US dollar. The price is facing a lot of hurdles on the upside near the $0.2940 and $0.2950 levels. There is a major bearish trend line forming with resistance near $0.2945 on the hourly chart of the XRP/USD pair (data source from Kraken). Ethereum is facing hurdles and struggling to climb above $182 and $185. Ripple price is currently under pressure below $0.2950 against the US Dollar, while bitcoin is consolidating. XRP price must stay above…

Bittrex Target of Latest $1 Million Crypto SIM Hack Lawsuit

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Crypto exchange Bittrex is being sued over a SIM swap that netted criminals 100 bitcoin, currently worth nearly $1 million. The case resembles other recent high-profile heists in which a hacker seizes control of a victim’s cell phone to then loot online crypto accounts: the swap was from cellular carrier AT&T, money was taken from Bittrex, and the hack took control over the victim’s online identity. The hack against Seattle-based angel investor Gregg Bennett, however, has not been resolved by criminal investigators, as others have before being made public in…

Bahrain to Provide Fast-Track Setup Program for Fintech Startups

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The Bahrain Economic Development Board (EDB) has introduced a new program to attract more startups to the country. According to a press release on Oct. 29, the investment promotion agency for the Kingdom of Bahrain has introduced a fast-track setup program for startups looking to do business there. The new initiative will provide an expedited entry process covering visa requirements, residency and business registration processes. It also offers guidance from the country’s incubators and accelerators, as well as access to grants and financial supports.  In its statement, the EDB lauds…

Reggie Middleton Reaches $9.5 Million SEC Settlement Over ICO Fraud

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The U.S. Securities and Exchange Commission (SEC) said it has reached a settlement with Reggie Middleton, organizer of the fraught $14.8 million Veritaseum (VERI) initial coin offering (ICO). In a filing with the New York Eastern District Court, dated Oct. 31 and published today, Middleton agreed to the consent decree of the final judgment, without having to admit or deny the allegations, while waiving any right to appeal. The settlement came three weeks after the court announced that it had entered into a discussion with Middleton to settle the case. The…

Ethereum Price Weekly Forecast: ETH Could Rally Again

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ETH price found support near the $178 zone and is correcting higher against the US Dollar. The price is currently consolidating above the $180 support area, with a few positive signs. There is a major bullish trend line forming with support near $182 on the 4-hours chart of ETH/USD (data feed via Kraken). The pair remains well supported on the downside near the $182, $180 and $178 levels. Ethereum price is likely to climb above the $185 resistance against the US Dollar, while consolidating vs bitcoin. ETH price must stay…