Day: January 5, 2020

Ethereum Smashes Resistance, Reasons Why ETH Could Rally 10%

TradingBTC

Ethereum gaining bullish momentum above key hurdles versus the US Dollar, similar to bitcoin. ETH price is likely to accelerate higher towards $145 and $150 in the near term. Ether price is rising steadily and trading above the $135 resistance against the US Dollar. BTC is also showing a lot of positive signs above the $7,400 resistance area. There is a key bullish trend line forming with support near $134 on the hourly chart of ETH/USD (data feed via Kraken). ETH remains well bid above $130 and it seems to…

Why This Fund Manager Is Getting Bullish On Bitcoin & Gold

TradingBTC

A prominent cryptocurrency fund manager and former Wall Street household name is bullish on both Bitcoin and gold. The reason: the U.S. killed Iranian General Qassem Soleimani by an airstrike. Related Reading: Bitcoin Poised to Collapse Under $5,000? Market Cycle Fractal Suggests So Bitcoin Bullish Because of Iran? On Jan. 2, U.S. officials confirmed that Iranian General Qassem Soleimani was killed in Baghdad in an airstrike directed by President Donald Trump. Due to Soleimani’s status as a key leader in Iran, media—mainstream and social media alike — erupted; every commentator was…

Hodler’s Digest, Dec. 30–Jan. 5

TradingBTC

Coming every Sunday, Hodler’s Digest will help you track every single important news story that happened this week. The best (and worst) quotes, adoption and regulation highlights, leading coins, predictions and much more — a week on Cointelegraph in one link. Top Stories This Week SEC on “unfounded fishing expedition,” Telegram lawyers tell judge Telegram’s lawyers haven’t had a quiet start to 2020. A judge gave them less than a single business day to respond to a request from the United States Securities and Exchange Commission to hand over details…

Ethereum Block Time Reduced by 25% After Muir Glacier Hard Fork

TradingBTC

The average block time on the Ethereum blockchain decreased by almost a quarter after the mining difficulty was decreased. Data reported on Ethereum block explorer Etherscan shows that from Jan. 1 to Jan. 4, the daily average block time on the blockchain decreased from 17.16 seconds to 12.96. This translates to a 24.48% shorter block time. Chart of the Ethereum average block time March 3-Jan. 4. Source: Etherscan Obviously, the block time decrease resulted in a higher number of blocks mined daily and a higher Ether (ETH) inflation. According to…

Ronnie Moas and Vinny Lingham Come to Blows Over $20K Bitcoin Bet

TradingBTC

Two well-known Bitcoin (BTC) figures have resorted to a painfully public Twitter exchange to settle an argument over a $20,000 unpaid bet. The heated debate, which is ongoing, revolves around a pledge which investor Ronnie Moas made in 2018.  Moas redistributes Ross Ulbricht BTC If Bitcoin was not worth $28,000 by the end of last year, Moas said he would donate the lump sum to FreeRoss.org, the charity working to free jailed former Silk Road owner, Ross Ulbricht. The bet was made with Vinny Lingham, CEO of blockchain identity startup…

Why a Bull Market Is Closer Than You May Think

TradingBTC

Bitcoin price (BTC) is currently resting just shy of $7,500 after an impressive rally from around $6,850 on Friday, Jan. 3. Does this mean the bulls have taken control? Or is this a final relief rally before Bitcoin drops to fresh lows?  Daily crypto market performance. Source: Coin360.com Did exchanges manipulate price action? In last week’s analysis, I highlighted that the CME gap is becoming a regular trading event each week, and less than 12 hours after the analysis was printed, the gap filled to the exact price of $7,265,…

Bitcoin Network SegWit Adoption Hits 66% After BitMEX Embraces Upgrade

TradingBTC

More Bitcoin (BTC) transactions now use so-called Segregated Witness (“SegWit”) technology than ever before, the latest data shows.  According to various resources including SegWit.Space, adoption of the protocol has reached up to 66% of all Bitcoin transactions as of Jan. 4.  Two in three BTC payments now SegWit The volume underwent a significant increase in late 2019, jumping from around 40% in September to nearer 60% in October.  The statistics, however, are subject to variation. SegWit.Space, a dedicated monitoring resource, lists current SegWit propagation as 66%. Other charts, such as…

Who Got Gifts from Crypto Santa in 2019… and Who Got Coal

TradingBTC

On Christmas Eve, Crypto Claus did his rounds after checking the list to see who was naughty and nice. But who got some lovely presents after making a positive impact in 2019 — and who got coal for setting the industry back? Here, we take a look at the people and businesses who have had a year to remember — and those who have had a year to forget. The naughty list Some crypto players were resigned to getting coal rather early on in 2019. Right at the start of…

Most Significant Hacks of 2019 — New Record of Twelve in One Year

TradingBTC

Twelve major cryptocurrency exchange hacks occurred in 2019. Of these, 11 hacks resulted in the theft of cryptocurrency while one only involved stolen customer data. In total, $292,665,886 worth of cryptocurrency and 510,000 user logins were stolen from crypto exchanges in 2019. Cryptocurrency exchanges experienced more hacks last year than in 2018, when only nine cryptocurrency exchanges fell victim to security breaches. As time goes on, you might think that cryptocurrency exchanges would become more secure. The reality, however, is that more hacks on cryptocurrency exchange are taking place year…

  1. Pages:
  2. 1
  3. 2