Ripple (XRP) Just Rejected $0.24, And It’s Vulnerable To A Fresh Decline

Ripple failed to surpass the $0.2400 resistance area against the US Dollar, similar to bitcoin near $8,800. XRP price is currently declining and it seems vulnerable to a drop below $0.2300 and $0.2240. Ripple price is clearly struggling to gain strength above $0.2400 and $0.2420 against the US dollar. The price is facing an increase in selling pressure below the $0.2340 level. This week’s followed key bearish trend line is protecting upsides with resistance near $0.2350 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair…

Law Firm Representing Quadriga’s Ex-Users Want Info About ‘Shadow Bank’ Crypto Capital

Miller Thomson, the court-appointed legal counsel for former users of the QuadrigaCX cryptocurrency exchange, is asking for help identifying any records related to Crypto Capital, which may be holding some of the exchange’s funds. In a letter emailed to the exchange’s former customers and posted to its website, Miller Thomson wrote that Crypto Capital Corp., a “shadow bank” registered in Panama, “may have been a payment processor” for the exchange and is asking any customers who have emails or other documents which might be related to Crypto Capital to forward…

This Confluence Of Bearish Factors Shows Ethereum Could Decline Heavily

Ethereum failed to settle above the $170 resistance and bitcoin struggled above $8,700. ETH price is currently declining and it seems like it could decline heavily if it breaks $162. Ether price is starting to move into a bearish zone below $165 against the US Dollar. Bitcoin price is declining and trading below the $8,640 support level. This week’s key bearish trend line is still active with resistance near $168 on the hourly chart of ETH/USD (data feed via Kraken). The pair could decline heavily if the bears push it…

2019 Saw Most Exchange Attacks Ever, With Hackers Becoming More Savvy

As cryptocurrency exchanges beef up their security to defend themselves against cyberattacks, hackers are responding in kind by amping up their techniques — and the data shows that they’re finding success. Cryptocurrency exchanges faced more successful attacks in 2019 than in any other year since bitcoin began trading on public exchanges in 2011, according to data compiled for a recent report from blockchain analytics firm Chainalysis. While the 11 attacks recorded in 2019 nearly doubled those conducted in 2018, the total damage ($282.6 million stolen in cryptocurrency in 2019 versus…

Stablecoins Are Evolving Traditional Finances

Stablecoins may represent crypto’s best chance of achieving mainstream success and recognition from the traditional financial systems. Just recently, the president of the European Central Bank nourished this viewpoint by stating that the institution should be proactive when it comes to digital assets. On Dec. 12, Christine Lagarde tweeted:   “My personal conviction on the issue of stablecoins is that we better be ahead of the curve. There is clearly demand out there that we have to respond to.” The value of stablecoins Being ahead of the curve and responding to…

The Evolution of Bitcoin’s Technology Stack

Over the last 10 years, the Bitcoin ecosystem has attracted developers to dedicate thousands of hours to improve and revamp most of its underlying codebase. Yet, Bitcoin (BTC) is largely the same. The reason for this is that its core set of consensus rules that define its monetary properties, such as its algorithmic inflation and hard-coded supply, remain unchanged. Time and time again, factions have attempted to change these core properties, but all hostile takeovers thus far have failed. It’s often a painful process but one that highlights and solidifies…

SEC Calls Out Status of Telegram’s TON, Doubting Development

In the latest from U.S. Security and Exchange Commission’s (SEC) ongoing lawsuit against Telegram for its offering of Gram tokens, the commission bashes the messaging service’s blockchain and related token. In a lengthy filing with the court of the Southern District of New York the SEC responded to Telegram’s earlier motion for summary judgment. In it, the SEC disparaged the Telegram Open Network (TON) — Telegram’s blockchain — as well as the operation’s Gram (GRM) token.  “Telegram Has Put Forth No Evidence Regarding the TON Blockchain’s State of Development at…

Jack Dorsey’s Square Awarded Patent for Real-Time Crypto-to-Fiat Swaps

Financial services and mobile payment company Square thinks it has found a way to turn fiat into crypto in real-time point-of-sale transactions.  How it works  On Jan. 21, the United States Patent Office awarded Square a patent for a technology that the team argues cracks a present barrier in merchant transactions:  “All cryptocurrencies face the same drawback in that they are not widely accepted. Presently, cryptocurrencies, like bitcoin, are not accepted by most retail merchants, or even by most online merchants.” The team cited a number of drawbacks to current…

Federal Judge Orders Kik Technical Advisor to Sit for Deposition With SEC

Kik technical advisor Tanner Philp must be deposed by the Securities and Exchange Commission (SEC) related to the company’s 2017 kin token sale, elongating the discovery process in the messaging app’s battle with federal regulators. The agreement was made Wednesday before District Judge Alvin K. Hellerstein in the U.S District Court for the Southern District of New York. Overseeing the latest motion for discovery in this $100 million ICO standoff, Judge Hellerstein initially ruled that Kik CEO Ted Livingston should appear for a deposition, but attorneys for both sides appeared…