Ethereum Developer Virgil Griffith to Be Released From Jail Pending Trial

According to Friday’s complaint, Griffith asked for – and was denied – permission to travel to North Korea in order to give the presentation, titled “Blockchain and Peace.” Moreover, the complaint said, Griffith subsequently “began formulating plans to facilitate the exchange of Cryptocurrency-1 between the DPRK and South Korea,” despite knowing that this would violate U.S. sanctions against the DPRK. Author: Brady Dale Source link

Video: Bitfinex CTO Paolo Ardoino on Adding Lightning Network Support

On December 2, 2019, Bitfinex officially informed its subscribers that it had added support for Lightning Network deposits and withdrawals. Subsequently, Bitfinex CTO Paolo Ardoino confirmed the information in a tweet.  A few days before this announcement, Ardoino agreed to do an exclusive interview with Bitcoin Magazine to provide more technical details about the Lightning integration. This marked a big step in the development of Bitcoin and the Lightning Network, as a major exchange finally integrated second layer satoshis. “I think that Lightning is definitely the best way to send…

Is Technical Analysis Prophetic or Preposterous? We Asked 7 Crypto Traders

With little else to go on, traders put their faith in the charts. They say to themselves, and anyone else who will listen, that classical technical analysis would tell us right now that the price of bitcoin is about to break a lot lower — like, in the next week or so, because this candle chart looks like this, and that candle chart looks like that; in other words, you should wait a little longer before you go back into your accumulation phase. Even Big Chonis acknowledges there are limits…

Bitcoin News Summary – December 2, 2019

   Worth nearly $50 million in Ethereum, 342,000 ether was hacked from South Korea’s Upbit exchange. The hack occurred during maintenance and is one of the largest Ethereum thefts ever. The exchange has suspended operations for at least a couple of weeks but plans to repay users for the loss. It remains unknown how the attack was conducted. In yet more bad exchange news, East Asian exchange IDAX Global reported that its CEO had vanished, reason unknown. All withdrawals and deposits have officially been halted, although some users had…

Bitcoin (BTC) Signaling Bearish Continuation, $7K Support At Risk

Bitcoin price is struggling to hold a couple of important supports near $7,200 against the US Dollar. The price is likely to continue lower below the $7,200 and $7,000 support levels. There is a major bearish trend line forming with resistance near $7,390 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could even revisit the $6,500 support area once it settles below the $7,000 support. Bitcoin price is facing a fresh round of selling below $7,400 against the US Dollar. BTC has likely turned…