Ethereum is down more than 6% and it broke the key $140 support area against the US Dollar. The price tested the final bearish target near the $132 and $130 levels. There is a short term contracting triangle forming with resistance near $133 on the hourly chart of ETH/USD (data feed via Kraken). The price could correct higher, but it is likely to face sellers near $136 or $138. Ethereum price is diving below key supports versus the US Dollar and bitcoin. ETH price could continue to move down towards…
Day: December 16, 2019
Chainalysis Report on PlusToken ‘Scammers’ Blamed for Monday’s Crypto Selloff
The slide began at 18:28 UTC on Monday. In just seven minutes, bitcoin slipped 4 percent, to $6,800 from $7,085 according to data from Coinbase. In that time, ether took a bigger hit, dropping 7 percent from $140 to $130. Neither had seen such lows since Nov. 25, when the crypto markets suffered a temporary selloff. Author: Lawrence Lewitinn Source link
2 Russian Nationals Charged With Mining Crypto on State Computers
“In Russia, there have been two cases recently when people were brought to criminal responsibility for getting access to computers [of state organizations] and using them to mine cryptocurrencies,” TASS quotes Nikolay Murashov, deputy director of the National Coordination Center for Computer Incidents, as saying during a press conference. Author: Danny Nelson Source link
Authoritarian Airdop: Maduro ‘Gifts’ Petros to Venezuelans for Christmas
Discussing new trials of an LN point-of-sale app; updates in consumer & institutional crypto derivatives, and Venezuelan petros as holiday bonuses. Author: Nathaniel Whittemore Source link
What Do Women Want? More Educational Materials Before Investing in Bitcoin
The survey of 1,100 people did not specify how many of them were women. The people were surveyed between March 28 and April 3, 2019. All respondents were between the ages of 25 and 64 and were involved with some form of personal investing, with at least $10,000 in household investable assets (excluding workplace retirement plans or real estate), and at least $50,000 in household income. Author: Paddy Baker Source link
Chinese City Warns Investors: Crypto Isn’t Blockchain
“Some companies set up servers outside China and promote their products among Chinese investors on social media,” the authority said in the statement. “They usually process transactions via online payment applications, therefore many of these funds are hard to retrieve as they floating abroad.” Author: David Pan Source link
Top 10 US Retail Banks Unknowingly Serve Crypto Startups, CipherTrace Claims
The tool helps banks by revealing risks created by hidden connections between VASPs and bank payment systems, providing risk scores of more than 500 crypto exchanges and other VASPs, identifying unregistered MSBs and P2P schemes using bank accounts and identifying dark web risks and stolen financial products for sale that use cryptocurrencies for launding funds, the company claimed. Author: Nathan DiCamillo Source link
This Cryptocurrency Could Boom Following Bitcoin’s Next Drop
Bitcoin has plunged by approximately 50 percent from its 2019 peak. And the cryptocurrency is hinting to continue trending downwards before the year’s close. The negative sentiment in its market, nevertheless, is benefiting rival cryptocurrencies. That is particularly true for XTZ, the native asset of Tezos, a proof-of-stake blockchain project whose market valuation has grown twofold across the last and current financial quarters. Since June 26 – the day bitcoin established its year-to-date (YTD) high of $14,000, the XYZ price against the benchmark cryptocurrency has surged by more than 200 percent.…
This Year’s Top Ten Crypto Narratives
From “The Revolution Needs Rules” to “Unbank the Banked,” 2019 was full of resonant phrases. Selkis, CEO of Messari, makes sense of them. Author: Ryan Selkis Source link
Bitcoin-Savvy Retailers to Experiment With Point-of-Sale Lightning App in 2020
Since the mobile wallet app launched in June, Breez integrated with shopping and payment apps like Fold, MoonPay and Bitrefill, just to name a few. According to company data shared with CoinDesk, Breez’s ready-made lightning setup facilitated 4,273 transactions in October alone. That claim might be hard to swallow if whispers of Breez weren’t omnipresent among startups experimenting with bitcoin scaling solutions. Author: Leigh Cuen Source link