Month: December 2019

After reclaiming the $130 level earlier this past week, Ethereum (ETH) is currently struggling to hold above this level as bears attempt to take full control of the aggregated cryptocurrency markets. It is important to note that ETH’s current bearishness could cut deeper in the near-term, but analysts are noting that the cryptocurrency’s current price action looks strikingly similar to that seen by Bitcoin when it was trading within the lower-$3,000 region in late-2018 and early-2019. If this similarity is Read more …

Ripple blockchain’s native token XRP registered one of its worst performances in 2019. And it is likely to extend its losses in 2020. The XRP-to-dollar exchange rate is down by circa 49 percent on a year-to-scale. At the same time, the token’s price against the benchmark cryptocurrency bitcoin has plunged by more than 72 percent within the same timeframe. The performance alone shows that investors are leaving the XRP market en masse. Ripple’s native asset spent 10 out of 12 Read more …

Live streaming platform Dlive will soon be joining the Bittorrent ecosystem and begin migrating to the Tron blockchain. The Twitch alternative will no longer support the Lino blockchain after the transition to Tron is complete. Also Read: Youtube Star Pewdiepie Joins Live Streaming Platform That Accepts Cryptocurrency Dlive Enters Justin Sun’s Orbit Bittorrent has announced that Dlive, a blockchain-based content sharing platform, will be joining its ecosystem and begin a migration to the Tron blockchain. Last year Justin Sun, the Read more …

An Ethereum (ETH) wallet known as “Shitcoin Wallet” is reportedly injecting malicious javascript code from open browser windows to steal data from its users. On Dec. 30, cybersecurity and anti-phishing expert Harry Denley warned about the potential breach in a tweet: – Source Twitter According to Denley’s tweet, Chrome browser crypto wallet software Shitcoin Wallet is targeting Binance, MyEtherWallet and other well-known websites containing users’ passwords and private keys to cryptocurrency. The Shitcoin Wallet Chrome extension – ExtensionID: ckkgmccefffnbbalkmbbgebbojjogffn – works Read more …

The aftermath of Bitcoin’s recent rally up to highs of $7,500 – and subsequent rejection – has been grave for bulls, as BTC has been caught within a strong downtrend that is leading the cryptocurrency down to its key support region that exists around $7,000. It is important to note that one key factor is currently showing signs that this current sell-off may be weaker than it appears, which may mean that it will be short lived and followed by Read more …

You probably already know that Nouriel “Dr Doom” Roubini is no fan of Bitcoin. The professor and economist has frequently sounded off against the crypto asset space in recent years. What you might not know is that Roubini also has something of a musical side. His most recent offering sees him take on and rework Taylor Swift’s hit “I Knew You Were Trouble”. Well, kind of… Dr Doom’s Most Memorable Anti-Bitcoin Rants Immortalised on Hilarious New Tune New York University Read more …

Tom Shaughnessy is a co-founder of Delphi Digital as well as the host of the Chain Reaction podcast. Jordan Clifford is managing director of Scalar Capital. In this end of year interview for The Breakdown, Tom argues that the big story of 2019 was actually the fact that it was all about “quiet” building. When it comes to 2020, however, watch out for fireworks. Tom predicts we’ll see a major increase in the Layer 1 smart contract platform wars, as Read more …

Advertisment On Monday, Electron Cash developer Jonald Fyookball updated the Bitcoin Cash (BCH) community in regards to the Cashfusion protocol. Fyookball revealed that Tor integration is currently in the works. The Tor-integrated Cashfusion build is “the big piece” the development team needs to get from alpha to beta stage, Fyookball detailed. Also read: Privacy-Enhancing BCH Tool Cashfusion Begins Working Behind the Scenes Tor + Cashfusion Bitcoin Cash proponents are excited to hear that developers are relentlessly working on the Cashfusion Read more …

The year is coming to an end, and a lot of people have started thinking about minimizing their tax burden. If you’re a bitcoin investor, things get even more complex. The IRS recently sent out 10,000 letters to cryptocurrency investors, and this is an indication of how serious they are when it comes to cryptocurrency tax compliance. This means that bitcoin investors need to make doubly sure that they’re filing their returns as accurately as possible. At the same time, Read more …

A French tech entrepreneur has been nabbed for allegedly stealing over 1 million euros in Bitcoin (BTC) from his former colleagues in what is purported to have been an “act of revenge.” On Dec. 22, the unnamed man was indicted by a judge in Paris on charges of theft, money laundering and fraudulently accessing data processing systems, local newspaper Le Parisien reported on Dec. 28. “Washing away the humiliation” The suspect’s motivation for the theft — his spoils totaling 182 Read more …

The crypto industry, Bitcoin, blockchain, and any of its varieties is driven primarily by hype and speculation as the emerging technologies underlying each asset are often too new or unproven to yet provide a realistic valuation. Due to this, the constant ebb and flow of FUD and FOMO often dictate market movements and turn major losers into top market gainers almost overnight. Here’s a look at the past year’s biggest FUD and FOMO-driving moments. Crypto and Bitcoin’s Biggest FUD and Read more …

The potential short-term and long-term growth prospects of bitcoin can be gauged from the ongoing price activity. BTC price is facing increasing resistance on its way up. Volatility is decreasing with time. What does this mean for bitcoin’s overall outlook?  In his latest article, entrepreneur, engineer, and bitcoin optimist Harold Christopher Burger deeply analyzed the supposed reason behind BTC’s stunted market growth. As per his inference, two things become clear regarding bitcoin’s recent price evolution: The case for bitcoin’s diminishing Read more …