Monthly Archives: May 2019

Bitcoin Price Analysis: Bull Trend Continues as Market Marches To $6K Level

Summary: Bitcoin’s strong uptrend resumes as, once again, the market has claimed new highs in the $5,900 zone. Our market structure remains bullish as we have consistently created higher highs and higher lows. Specifically, the market structure has progressed in a sort of stair-stepping fashion that has created multiple zones of support that have been tested several times on the 4-hour time frame. On a macro scale, we are in the process of beginning to test daily resistance, but we haven’t truly encountered the weekly resistance just […]

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Bitcoin Transactions Spike in April While SegWit Keeps Fees Low: Report

Research has shown that the number of on-chain Bitcoin transactions has risen dramatically throughout 2019, nearing the volume of Bitcoin’s peak in December 2017. Even so, transaction fees are a fraction of what they were around bitcoin’s all-time high, likely due to the continued uptick of SegWit transactions on the network. These findings were published in the May 6 edition of digital asset publication Diar. Among other research related to DApp adoption on Ethereum, Diar found that fees rose 200 percent in April versus March. Still, fees […]

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Feds Seize News Site Deepdotweb as Darknet Crackdown Intensifies

The FBI, working in conjunction with its European partners, has struck another blow against darknet markets (DNMs). On this occasion, it’s a particularly low blow, as news website Deepdotweb has become the latest victim of its interminable war on drugs. On May 7, both its clearnet and darknet domains were seized, and the operators arrested and slapped with money laundering charges. Also read: Schnorr Signatures Await Bitcoin Cash as the Next Fork Draws Near The War on Drugs Becomes the War on Information Not content with waging […]

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Sprott CEO Predicts Bullish Future for Blockchain-Based Digital Gold

Peter Grosskopf, CEO of the global alternative asset manager Sprott, has posited that blockchain technology will make gold a more valuable and practical asset. Peter Grosskopf, CEO of the global asset manager Sprott, has posited that blockchain technology will make gold a more valuable and practical asset, according to an interview with Kitco News on May 7. Regarding the day-to-day usability of gold — and how blockchain improves the situation — Grosskopf remarks: “I think it was quite realistic to criticize gold because you weren’t gonna go […]

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Former Worldpay US Executive Joins Crypto Payments Firm BitPay as Its New CFO

Major cryptocurrency payment services provider BitPay has onboarded former Worldpay U.S. executive Glen Braganza as its CFO. Major cryptocurrency payment services provider BitPay has onboarded former Worldpay U.S. executive Glen Braganza as its Chief Financial Officer (CFO), according to a press release published on May 7. Having more than 15 years experience in private equity and public markets, Braganza joined BitPay to “help support the business through its next phase as the company grows into a global financial organization.” While the release does not reveal what exactly […]

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Russian Exchange Aggregator to Resume Operations After Recent Block by Gov’t

Russian crypto exchange aggregator BestChange is expected to resume operations after a recent block on March 12. Popular Russian crypto exchange aggregator BestChange will soon resume operations after being blocked by the government, crypto news outlet Forklog reports May 7. The firm’s head of public relations and marketing Nikita Zuborev told Forklog that the block is expected to be lifted in the coming days following a court hearing. Russian telecommunications watchdog Roskomnadzor (RKN) blocked the BestChange website on March 12, following an order from a district court […]

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US FTC Sues Startup for Allegedly Misusing Raised Funds on Bitcoins and Credit Card Bills

The U.S. FTC is suing iBackPack for allegedly spending its raised funds on bitcoins and credit card bills, rather than the stated products. The United States Federal Trade Commission (FTC) is suing a startup for spending its raised funds on bitcoins (BTC) and credit card bills, rather than the stated products, the court filing revealed on May 6. The FTC brought a lawsuit before the U.S. District Court for the Southern District of Texas alleging that the startup dubbed iBackPack and its officer and authorized signatory Douglas […]

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Cybercriminals Sneak in Crypto Mining Malware via Confluence Software Exploit

Cybercriminals are exploiting a known vulnerability in the software Confluence to mine XMR. Cybercriminals are now reportedly exploiting known vulnerability CVE-2019-3396 in the software Confluence, a workspace productivity tool made by Atlassian, according to a report by security intelligence firm Trend Micro Inc. on May 7. The exploit that has been developed allows cybercriminals to stealthily install and run a monero (XMR) miner on a vulnerable computer, as well as covering up the mining activity by using a rootkit to hide the malware’s network activity and toll […]

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Crypto Exchange Claims It Is Faster Than 99% of Rivals

sponsored An upcoming crypto exchange says its platform is built upon an institutional-grade trading engine capable of processing 2 million orders per second. A new blockchain trading platform says its secure, reliable infrastructure enables users “to stay ahead of market movements and manage risk and loss like never before.” As well as supporting a wide range of mainstream cryptocurrencies such as bitcoin, ether and litecoin, Bcnex says it is constantly expanding its offering to other quality tokens. In its white paper, the startup says that it wants […]

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Zebpay Crypto Exchange Extends Trading Services to Australia

Singapore-based cryptocurrency exchange Zebpay has launched trading services in Australia. Singapore-based cryptocurrency exchange Zebpay has launched trading services in Australia, according to a press release shared with Cointelegraph on May 7. Zebpay has expanded its trading services to Australia by opening a new office in the fintech hub of Melbourne. The exchange’s Australian customers are now able to trade across five fiat to crypto trading pairs including bitcoin (BTC), ether (ETH), ripple (XRP), bitcoin cash (BCH) and litecoin (LTC) both on desktop and Android and iOS apps. To […]

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