Month: February 2018

Key Highlights Ripple price struggled to move above the $0.9500 resistance area and declined again against the US dollar. There is a major bearish trend line forming with resistance at $0.8000 on the hourly chart of the XRP/USD pair (data source from SimpleFx). The pair is currently trading near a major support area at $0.7500-0.7700, which holds a lot of importance. Ripple price failed to recover substantially against the US Dollar and Bitcoin. XRP/USD is currently near $0.7600, which must Read more …

In the wake of the second largest cryptocurrency theft ever on January, 26, which triggered painful memories of the Mt. Gox hack in 2014 Japan continues to lead the way in the Asian Bitcoin market. Japan will see tighter regulation but no ban Despite being home to the two largest cryptocurrency heists in history totaling nearly a billion dollars and a traditionally conservative financial tendency the Japanese market is still enthusiastic about bitcoin and other cryptocurrencies. As China maintains a complete Read more …

Disrupting the internet? Not just fodder for TV jokes, it’s a goal that continues to capture the imaginations of developers in the blockchain sphere, and Ben Gorlick and Johnny Dilley are no exception. Turns out, the developers liked the idea so much they ditched one of the most renowned tech companies in the blockchain industry, Blockstream, to join up with a startup called Crowd Machine where they now serve as the CTO and chief of system architecture, respectively. In short, the Read more …

Mining The future for manufacturers of bitcoin mining hardware in China appears bright despite reports that the Chinese central government will seek to rein in the power consumption of mining companies operating within its borders. Hong Kong-based media outlet, South China Morning Post, has reported that there is considerable international demand for Chinese mining hardware internationally – with Russian buyers representing a significant share of the industry’s demand. Also Read: Large European Power Company Will Not Sell Electricity Read more …

Key Points Bitcoin cash price failed to move above the $1,300 level and started a downside move against the US Dollar. There is a crucial bearish trend line forming with resistance at $1,220 on the hourly chart of BCH/USD (data feed from SimpleFX). The pair is currently heading towards the $1,050 support area and it remains at a risk of more declines. Bitcoin cash price faced a lot of sellers against the US Dollar. BCH/USD is back in a bearish Read more …

Here’s what happened this week in Bitcoin in 99 seconds. Square announced support for the buying and selling of Bitcoin within their popular Cash app. The company operates in the USA, Canada, and Japan so its support for Bitcoin is likely to lead to greater adoption in these countries. Over 1 million clients have already signed up for early access to Robinhood’s zero-fee crypto trading platform. Robinhood’s crypto-trading platform launch, expected later this month, is expected to bring a fresh Read more …

Economy & Regulation Ukrainian legislators should separate the regulation of crypto mining from the legal status of cryptocurrencies. The new approach was proposed by the chairman of an important parliamentary committee who criticized law enforcement agencies for cracking down on crypto miners. Police confiscated mining equipment in a series of raids this week. Authorities claim that coins have been used to finance pro-Russian separatists. Also read: Another Post-Soviet Jurisdiction Welcomes Crypto Miners Just Calculation… Ukrainian deputy Olexandr Read more …

FOMO Moments The selloff continues as we enter another week in crypto land. Asian trading is all in the red once again and Bitcoin has fallen to the psychologically critical $8,000 level. If support cannot be maintained it could easily plummet even further taking all of the altcoins with it. Looking for a green signal in a sea of red is not easy this morning, and again we find ourselves going beyond the top 25 cryptocurrencies. There is one altcoin Read more …

Get Trading Recommendations and Read Analysis on Hacked.com for just $39 per month. Experts agree that the future of cryptocurrencies will critically depend on whether they are accepted as a regular payment from leading online retailers. The signs for that are not bad. For all the euphoria that cryptocurrencies have triggered in recent months, Bitcoin, Ethereum, Ripple and Co. have not yet arrived in the so-called real economy. Aside from some (sometimes shady) online retailers and some less permanent shops, Read more …

Baidu, China’s search engine giant, has launched a new CryptoKitties-like service as part of its wider work with blockchain. Dubbed “Leci Gou” (in a similar pronunciation to “Let’s Go”), the service centers around the digital adoption and trade of puppies, the transactions for which are recorded on a blockchain. That said, it’s unclear at this time whether Baidu is using a public network or its own internal one for this purpose. The website lists various digital puppies with different designs Read more …