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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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