Category: News
Ethereum Classic Price Analysis: ETC/USD Tumbles To New 2018 Low
Key Highlights Ethereum classic price declined sharply and broke the $8.00 and $7.00 supports against the US dollar. There is a short term consolidation pattern forming with resistance at $7.70 on the hourly chart of the ETC/USD pair (Data feed via Kraken). The pair is in a major downtrend and it could decline again towards…
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Ripple Price Analysis: XRP/USD Nosedives, Turns Bearish Below $0.4600
Key Highlights Ripple price declined heavily and broke the $0.4860 and $0.4400 support levels against the US dollar. There is a crucial bearish trend line formed with resistance at $0.4720 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair is struggling to recover above the $0.4600 and $0.4700 resistance levels.…
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Crypto Carnage: Market Loses Staggering $26 Billion in 24 Hours, Where to Next?
Over the last 24 hours, the crypto market suffered a devastating wipeout of more than $26 billion, making it one of the most intense daily sell-offs in all of 2018. Bitcoin ( BTC), which demonstrated a record high level of stability from August to November, recorded a drop of more than 11 percent within a 12-hour…
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Another One Bites the Dust: Google Account Hacked in Twitter Bitcoin Scam
Google has become the latest victim of the rampant bitcoin “giveaway” scams proliferating on Twitter. For a little over ten minutes on Tusesday, the Twitter account of the online search giant’s suite of productivity apps and tools, G Suite, was hacked and used to promote a fraudulent bitcoin giveaway. Initially reported by Hard Fork, the…
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Guilty Conscience? $30M Crypto Exit Scam in South Korea Refunds Victims
Earlier this week, a crypto exit scam in South Korea called “Pure Bit” disappeared with more than $30 million in user funds. On November 4, the group conducted an initial coin offering (ICO) to raise nearly $30 million using Ethereum ( ETH) to build a cryptocurrency exchange. On November 13, as CCN reported, Pure Bit and…
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Nearly 1% of the Total Ethereum Supply is Locked in the MakerDAO Smart Contract
MKR.tools creator Mike McDonald raised a celebratory alarm on Twitter yesterday morning. According to the Ethereum blockchain, about 1 million ether – or almost 1 percent of the total Ethereum supply – is presently locked in MakerDAO smart contracts. There is now 1,000,000 ETH locked in @MakerDAO smart contracts as of this morning 🎉. A…
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Bitcoin, Ethereum, Ripple, Bitcoin Cash, EOS, Stellar, Litecoin, Cardano, Monero, TRON: Price Analysis, Nov. 14
Major cryptocurrencies have seen major losses today after months of stability, with Bitcoin reaching a new low for 2018. The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph. Every investment and trading move involves risk, you should conduct your own research when making…
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Bitcoin Price Analysis: BTC/USD Must Dump before Bulls Reign in 2019
The Bitcoin FUD It’s a capitulation. It’s the end of Bitcoin. It’s a Bitcoin Sell-off. And it’s true; a typical Bitcoin investor is bleeding right now. But a critical look at price action and historical price movement paints a rosy picture: Prices will most likely recovery and print higher in the next few months. Hello,…
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Australian Taxpayers Have Paid $1 Million to Scammers Through Bitcoin ATMs Since July
The Australian Taxation Office (ATO) has used official channels to warn taxpayers of scammers who are fooling people into paying their taxes through Bitcoin ATMs to their accounts. As the deadline approaches on 21 November, the authority told the one million taxpayers, who will need to make a payment to the ATO, to be wary.…
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Op-Ed: Will Crypto Miners Abandon Craig Wright’s Bitcoin Cash Fork?
BitMEX’s head of research, Jonathan Bier, gave a statement to Bloomberg this week that will soon be proven true or false. In regards to how the upcoming Bitcoin Cash fork would play out, Bier said that he believes that the important divide between the economic majority and the mining majority will sort itself out in…
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