Category: Cryptocurrency News

Bitcoin price corrected lower recently and tested the $4,920 support area against the US Dollar. The price recovered nicely recently and traded above the $5,040 and $5,100 resistance levels. There is a major breakout pattern in place with resistance at $5,130 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair is likely to accelerate higher and it could even surpass the $5,180 and $5,220 resistances. Bitcoin price likely completed a downside correction near $4,900 against Read more …

Virtual reality (VR) startup Magic Leap is seeking blockchain engineers according to recent listings on employment website Greenhouse. The firm is looking for a senior blockchain architect and blockchain engineers. Among the duties listed for the senior blockchain architect position, the individual will be “planning and execution of a portfolio of blockchain, smart contract, and Ricardian contract technologies in support of the implementation of our Lifestream business function.” In a recent interview with VR industry publication UploadVR, Magic Leap CEO Read more …

In the last two weeks, cryptocurrency prices have seen significant volatility and during this time onlookers have noticed large bitcoin whale movements once again. Data stemming from blockchain analysis indicates that over the last 48 hours, unknown whale wallets moved over 20,000 BTC ($101 million), showing another large migration not seen since last February. Additionally, bitcoin cash whales have accumulated 1.1 million BCH in the last five weeks. Also read: Bitcoin Whales Have Accumulated Thousands of Coins in the Last Read more …

The crypto bear market hasn’t been kind to many blockchain or crypto-focused businesses and companies, who have been forced to revisit their strategies, lay off employees, or even close up shop due to lack of funding or interest. The latest victim of waning interest in the crypto sphere, is hardware wallet manufacturer Ledger, who is reportedly laying off as much as 10% of their workforce. But is the layoff due to the bear market, or have some business-related blunders caused Read more …

Although the crypto markets have lost the upwards momentum that they incurred over the past few weeks that sent Ethereum (ETH) and other cryptocurrencies skyrocketing, the markets have been able to find some buying pressure at their current levels that has prevented them from dipping lower. Analysts now believe that Ethereum may be mustering up more buying pressure that will allow it to surge towards $200 in the near-future. Ethereum (ETH) Finds Stability Above $160 At the time of writing, Read more …

Get Exclusive Analysis and Investing Ideas of Future Assets on Hacked.com. Join the community today and get up to $400 in discount by using the code: “CCN+Hacked”. Sign up here. Get Exclusive Analysis and Investing Ideas of Future Assets on Hacked.com. Join the community today and get up to $400 in discount by using the code: “CCN+Hacked”. Sign up here. Silk Road 2 and Silk Road Reloaded launched shortly after Ross Ulbricht was arrested and the Silk Road, the first Read more …

A Bitcoin scam that has been tried many times over the last few years appears to be having a lot of success in the Netherlands. It has so far, it is believed to have racked up at least $1.92 million since the start of 2018. The premise is simple. Create a legitimate looking crypto investment platform website, claim huge returns on investments, and advertise it will a celebrity’s image. Easy. Bitcoin and Celebrities Used to Line Scammers’ Pockets There have Read more …

There’s a group of countries on the Old Continent that have recognized the potential of the newly forming cryptoconomy. In the past couple of years, nations such as Malta, Switzerland and Estonia have been making efforts to attract businesses from the nascent industry, often rebuffed elsewhere. However, registering and running a crypto company, even in the most favorable climates, comes with certain challenges as businesses across the continent have been finding out. Also read: Online Bank Mistertango Offers Crypto Companies Read more …

Weiss Crypto Ratings says despite the 2018 bear market, there was a considerable uptick in the usage of altcoins. The rating agency says this trend points to the increasing level of cryptocurrency adoption for many users across the globe. Cryptocurrency Sees Transactions Soar in 2018 According to a blog post published by the agency on Wednesday (April 10, 2019), four altcoin projects saw massive growth in user adoption throughout 2018. Meanwhile, at the time, market prices were plummeting by an Read more …

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The age-old trader’s adage of selling when people are greedy and buying when people are fearful has proven to be empirically accurate, and the same credo applies to Bitcoin (BTC) and the general crypto markets, as upwards price surges typically come about when market participants grow increasingly weary of the market conditions. Now, Bitcoin’s fear index is signaling that traders are more afraid of an imminent pullback at BTC’s current price levels than during the asset’s previous pullback that sent Read more …

Get Exclusive Analysis and Investing Ideas of Future Assets on Hacked.com. Join the community today and get up to $400 in discount by using the code: “CCN+Hacked”. Sign up here. Get Exclusive Analysis and Investing Ideas of Future Assets on Hacked.com. Join the community today and get up to $400 in discount by using the code: “CCN+Hacked”. Sign up here. The Russian Duma approved a bill that would enable the country to have a “Great Firewall” or “Iron Curtain” similar Read more …