The total crypto market cap is holding the key $182.0B and $180.0B support levels. Bitcoin price is trading above the $7,200 support and it could start a fresh increase. Litecoin (LTC) price is slowly rising and it might test the $41.20 resistance. BCH price is up 4% and it is moving higher towards the $200 resistance area. EOS price is rising and it seems like it could attempt to clear the $2.700 resistance. Binance coin (BNB) is struggling to clear the $13.50 and $13.80 resistance levels. Bitcoin (BTC) and the…
Day: December 26, 2019
India’s Payments Platform Varja Gets the Blockchain Ball Rolling
While the Indian government is uncertain about the use of cryptocurrency, the National Payment Corporation of India, or NPCI, officially announced its permissioned blockchain-based platform, Varja, to make the payment process easier, faster and more transparent. After detailed research, the NPCI has developed a distributed ledger technology mechanism to provide a highly secure, tamper-proof database for various payment procedures. The NPCI is an umbrella organization for retail payments and settlement systems in India. It is an initiative of the Reserve Bank of India and Indian Banks’ Association under the provisions…
Ethereum at Potentially Key Turning Point, Bitcoin Holding $7K
Ethereum is still trading above the $122 and $125 support levels against the US Dollar. The price could start a decent increase above the $128 and $130 resistance levels. This week’s major bearish trend line was breached with resistance near $126 on the hourly chart of ETH/USD (data feed via Kraken). Bitcoin spiked above $7,300, but it failed to continue higher and it is now near $7,200. Ethereum price is trading above major uptrend supports versus the US Dollar and bitcoin. ETH price must settle above $130 to start a…
YouTube Reinstates More Crypto-Related Content, Admits To Mistake Via Twitter
More crypto-related content is being re-enabled on YouTube after several days of unilateral deletions and non-communication from the video giant. YouTube responded three hours ago via Twitter to YouTuber Carl The Moon regarding the crypto-related videos that have been removed from the platform this week. @TeamYouTube responded to a previous tweet sent by Carl The Moon (@themooncarl) on the matter, stating today: “Hey there, this was an error on our side during the review process – your video should be reinstated and strikes resolved. Let us know if you’re seeing otherwise!”…
Ethereum Co-Founder Reportedly Sells 90k ETH To U.S. Cryptocurrency Exchange
Ethereum (ETH) co-founder and core developer, Jeffrey Wilcke, has reportedly sent 92,000 ETH ($11.5 million) to U.S. cryptocurrency exchange Kraken on Dec. 25. While Cointelegraph reported early today about concerns that Ethereum co-founder Vitalik Buterin could be planning to sell $25 million worth of the cryptocurrency, a tweet sent by Jeffrey Wilcke indicates otherwise. Source Twitter Wilcke, whose GitHub shows he is the co-founder of Grid Games, made the claim that he needs the money to fund his game. The proof is in the blockchain In addition to Wilcke’s tweet, sources…
Bitcoin Outlives Tulip, Dotcom, and Every Notorious Market Bubble
Just over a year ago, the price of bitcoin registered an average low of $3,120 across many regulated and unregulated cryptocurrency exchanges. A year before that, the asset was trading at its Everest value of $20,000. The 84 percent decline in the “revolutionary” financial asset allowed Bloomberg to reiterate that bitcoin, indeed, was a bubble. However, as of December 2019, the cryptocurrency is looking to close the year at a roughly doubled rate. At around $7,100, it is more than 100 percent higher than its price from the bottom formed…
Google Suspends MetaMask From Its Play App Store, Citing “Deceptive Services”
Google has banned Ethereum (ETH) wallet and decentralized app (DApp) browser Metamask’s android client from its Play app store. The MetaMask team took to Twitter on Dec. 26, where they announced that Google had suspended MetaMask’s android client from Google Play’s app store, claiming MetaMask was in violation of Google’s financial services policies. Google reportedly cited their policy prohibiting cryptocurrency mining on mobile devices. The MetaMask team attempted to appeal Google’s decision to ban MetaMask from its app store to no avail, as Google promptly rejected the appeal. MetaMask co-lead…
Twitter Bug Exposed Millions of User Phone Numbers
A security researcher was able to use a bug in the Twitter Android app to identify millions of Twitter users, connecting their phone numbers to their Twitter IDs. The exploit could expose failures in the company’s two-factor authentication system and give other security developers pause. According to a TechCrunch report, the researcher, Ibrahim Balic, created randomized lists of phone numbers and sent them to Twitter. “If you upload your phone number, it fetches user data in return,” he said. The user data allowed Balic to find phone numbers for many…
Marty Bent on the Macro Fires on the Horizon
Marty Bent is the author of one of the most popular daily Bitcoin newsletters and co-host of Tales From The Crypt. In this end of year interview with The Breakdown, he talks about the macro context – from trade wars to pressure on the fed to continue and expand the QE experiment to global instability – and how it is painting in stark colors the need for tools like bitcoin. Disclosure Read More The leader in blockchain news, CoinDesk is a media outlet that strives for the highest journalistic standards…
YouTube Calls Crypto Purge a Mistake But Many Videos Still Missing
YouTube erroneously purged cryptocurrency education videos from its video-sharing platform this week but claims to have reinstated them, according to a spokesperson. Content creators, however, are telling a different story. Responding to allegations that it had intentionally deleted content from cryptocurrency education channels ChrisDunnTV, Crypto Tips, BTC Sessions and others in what apparently amounted to hundreds of missing videos, the spokesperson said that YouTube made “the wrong call.” “With the massive volume of videos on our site, sometimes we make the wrong call. When it’s brought to our attention that…