Bitcoin Price Analysis: $9,400 Key Support Holds For Now

Bitcoin’s volatility has drastically decreased over the last few weeks as price action unfolds close to key support at $9,400. This key support line creates the bottom of the asymmetrical triangle stemming from $14,000 down to $9,400 mentioned in a previous analysis on Bitcoin. Bitcoin 1-Hour Analysis On the 1 hour chart for XBT/USD, we can see the decreasing volatility alongside low volume. There was a large bearish candle on the 29th of August that resulted in price levels dropping around $800, despite this no real momentum gathered up for…

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XRP Advocate Calls for Fork Amid Alleged Ripple Flooding

An XRP evangelist is calling for a fork of the cryptocurrency to prevent Ripple from dumping coins on investors for profits. Let’s Fork XRP Every quarter, Ripple publishes a report showing the sales figures for the tokens within the preceding three months. Critics say the company is dumping these tokens for profits while the value of the “coin” itself continues to tumble. I’m thinking about forking $XRP so we don’t have to deal with the founders dumping. -This will be a community effort. Retweet if you’re in — CRYPTO BITLORD…

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Bitcoin Hashrate Hits Record 83.5 TH/s While Price Trades Sideways

Bitcoin’s blockchain produced new historic records this week as the cryptocurrency’s technical health increasingly contradicts its lower price.  Bitcoin Hashrate Hits 83 Quintillion As data from monitoring resource and wallet provider Blockchain.com confirms, it was Bitcoin’s 00 hashrate leading the charge, hitting 83.5 quintillion hashes per second on August 29. That number is BTC’s best achievement in its ten-year history, and the first time hashrate has surpassed 80 quintillion hashes per second.   Hashrate refers to the amount of computing power servicing the Bitcoin network. The more hashes per second…

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What Does Jack Dorsey’s Twitter Account Hack Mean For Bitcoin?

Twitter and Square CEO, Jack Dorsey, had his personal Twitter account hacked this week. Whilst in control of the account, the hackers posted a bizarre stream of messages including racial slurs and a bomb threat. Dorsey has been very vocal in his support for Bitcoin, so what impact could this have? What Does A Twitter Hack Have To Do With Bitcoin? Nothing, right?… or at least, perhaps there is no direct link. But it does provide us with a timely reminder about security. The media made a big thing about Dorsey…

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Capital One, 30 More Hacked For Cryptocurrency Mining

Ex-Amazon employee, arrested last month over Capital One data breach, has also been accused of hacking over 30 more companies. In addition to stealing data, Paige Thompson allegedly used the compromised servers to mine cryptocurrency. Hacking The Hand That Feeds You The FBI arrested Thompson at the end of July, concerning a massive data breach at Capital One. The hack had exposed over 100 million credit card applicants personal details, including social security numbers and bank accounts. However, a federal grand jury this week charged her with two counts of…

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Tether Plans to Mint Digital Yuan and Commodity Coins, Says Bitfinex Shareholder

Tether Holdings, the firm that issues tether (USDT), has plans to launch an offshore Chinese yuan stablecoin called CNHT. Tether’s digital dollar presence within the crypto economy has been massive in recent months, seeing significant demand from China. Bitfinex shareholder Zhao Dong has explained in a recent interview that Tether is also preparing to launch stablecoins backed by bulk commodities like gold, rubber, and crude oil. Also read: ERC20 Tether Transactions Flip Their Omni Equivalent Tether Dominance in the East and Plans for a Digital Yuan Called CNHT Bitfinex shareholder…

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CME Bitcoin Futures Trading Breaks Record, Averaging $370 Million Per Day

Interest in Bitcoin futures trading continues to gain momentum. As a result, the Chicago Mercantile Exchange (CME) Group is reaching record numbers for its Bitcoin futures contracts trading. “This Is an Exciting Time for Bitcoin” As CME data shows, interest in Bitcoin is not only confined to a small and well-defined sector of the investment community. On the contrary, the demand for trading the cryptocurrency is growing. In effect, in May 2019, CME saw its greatest volume in Bitcoin futures trading since the product was launched in 2017. Tim McCourt,…

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What’s Being Built – and What’s Not – on 2019’s Smart Contract Blockchains

Has anyone checked in with EOS lately, to see how it’s doing? How about Tezos – any signs of life there? In mid 2017, two of the largest token sales in history birthed two smart contracting platforms that promised to topple Ethereum and usher in an era of fast and low-cost value transfer with dApps for everyone. Two years on, news.Bitcoin.com decided it ought to perform a welfare check on the leading smart contracting platforms to look for signs of life. Also read: How Market Makers Inject Liquidity Into the…

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Pantera Capital: Bitcoin’s 8-Year-Compound Annual Growth Rate is Massive

Cryptocurrencies like Bitcoin represent a new asset class that has the lowest correlation to traditional assets, as well as one the best annual performance records. This is the conclusion of blockchain-oriented hedge fund Pantera Capital, which recommends investors to diversify portfolios by allocating a share of it to cryptos. Bitcoin Has Almost No Correction to Traditional Assets Pantera CEO Dan Morehead said in a letter published on Medium that Bitcoin and blockchain businesses had almost no correlation to other asset classes. He presented three-year weekly returns and proved that Bitcoin…

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Cryptojacking Campaigns Rose 29% in Q1, McAfee Says

In the first quarter of 2019, cryptojacking campaigns aimed at victims’ PCs to mine cryptocurrencies rose 29%, according to a recent report by security software provider McAfee. Hackers Target Windows PCs to Mine Monero The antivirus maker founded by crypto fan John McAfee discovered that both Windows and Apple ecosystems are equally vulnerable to cryptojacking campaigns. Most of the mining attacks on Windows computers use PowerShell for propagation and execution. The latter is a task automation engine and interactive Command-Line Interface (CLI) created by Microsoft for system administration and configuration…

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