Monthly Archives: February 2020

Price Analysis Feb 17: BTC, ETH, XRP, BCH, BSV, LTC, EOS, BNB, XTZ, ADA

The current pullback has resolved the overbought state of many cryptocurrencies and after a few days of consolidation the uptrend is likely to resume. After Bitcoin (BTC) scaled above $10,000 the mood among market participants turned hugely bullish. Daily talks of the asset making new highs blanketed crypto Twitter and this bullish sentiment also rubbed off on altcoins which picked up momentum and rallied sharply in the past few days. As the week approached a close it was clear that the crypto market was looking overheated in […]

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Bithumb to Get Wall Street-Level Fintech Expertise via New Partnership

Bithumb has partnered with Singaporean crypto trading platform BitMax to jointly develop new services and products. As not a day goes by without another cryptocurrency partnership, one of the biggest crypto exchanges in South Korea has begun new cooperation. Major South Korean cryptocurrency exchange Bithumb has partnered with Singaporean crypto trading platform BitMax to jointly develop new services and products. BitMax’s staff includes former experts from Morgan Stanley, Deutsche Bank and Gemini According to a Feb. 17 blog post by Bithumb Official, the two companies have signed […]

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Binance Cloud to Allow Users to Launch a Crypto Exchange Within 5 Days

Major global crypto exchange Binance announced the launch of Binance Cloud, an infrastructure solution for crypto exchanges. Binance’s newly released Binance Cloud platform might be somewhat different from what the crypto industry expects the new feature to be. After Binance founder and CEO Changpeng Zhao (CZ) first hinted at the introduction of Binance Cloud on Feb. 8, the new service has been officially released on Feb. 17, targeting users willing to set up crypto exchanges, according to a blog post by Binance. All-in-one infrastructure for launching a […]

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50 Cent, Talib Kweli, Snoop Dogg and Nas: Celebrities Who Could Be Bitcoin Millionaires

Many celebrities have mentioned the benefits of bitcoin and leveraged the asset for certain projects. For instance, 50 Cent, Snoop Dogg and Talib Kweli all sold albums for BTC, but when cryptocurrency prices skyrocketed, 50 Cent told the public he sold his coins as soon as he got them. Many other celebrities from Hollywood and the music industry have used digital assets to help bolster their marketing efforts. Also read: Bitcoin, Tesla Stock, Tron: How Warren Buffett Got His First Bitcoin 50 Cent: ‘All Money Is Money’ […]

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Bitcoin Price Rally Over? Key $9.4K Support Zone Holds for Now

Bitcoin price dropped in a weekend correction creating a wide CME trading gap but the market structure remains bullish as long as the $9.4K levels hold. Bitcoin (BTC) price was unable to hold the psychological barrier of $10,000 and couldn’t break through the resistance of $10,400. This rejection caused a corrective move to $9,450, leaving a $400 CME gap behind. Following Bitcoin’s severe correction, many altcoins also retraced more than 10% over the weekend.  But does this mean the bullish momentum is over?  Crypto market daily performance. […]

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New Email Extortion Scam Targets Google’s AdSense, Demands Bitcoin

A new extortion scam targeting website owners serving banner ads through Google’s AdSense program demands BTC in exchange for preventing an attack. A new extortion scam targeting website owners serving banner ads through Google’s AdSense program has begun circulating the Internet. The malicious scheme demands Bitcoin (BTC) in exchange for preventing an attack, which would purportedly lead to the users’ AdSense account suspension. The email-based extortion scheme was reported by security news and investigation blog KrebsOnSecurity, on Feb. 17. The blog post detailed that some site owners […]

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IOTA Updates Trinity Desktop Wallet to Partly Address Recent Hack

Following a hack of IOTA official wallet on Feb. 12, the IOTA Foundation has released what it is calling a safe desktop version of the Trinity wallet. Following an apparent hack of IOTA (MIOTA) official wallet on Feb. 12, the IOTA Foundation has released a safe desktop version of the Trinity wallet. According to a Feb. 17 update post, IOTA should update their Trinity apps to securely check their balances and transactions via Trinity 1.4.1, a new version that is designed to remove the recently detected vulnerability […]

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BCH Funding Debate: Btc.top Founder Suggests 2/3 Hash Vote and 6-Month Evaluation

Over the last few days, Bitcoin Cash proponents have been debating the Infrastructure Funding Plan (IFP) after Bitcoin ABC published an announcement on implementing the plan into the upcoming software release. Again the concept was met with mixed responses and the community has been arguing about the situation on forums and social media. Following the community responses to Bitcoin ABC’s blog post, Btc.top founder Jiang Zhuoer published an updated version of the plan the following day. Also Read: 5% of Block Rewards – Bitcoin ABC Will Add […]

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China: Blockchain Deployment Rises Amid Coronavirus Outbreak

Amid the coronavirus epidemic, China has turned to blockchain tech to manage medical data, track supply of virus prevention materials and consult the public. Amid the ongoing coronavirus epidemic, China has turned to blockchain technology to manage medical data, track supply of virus prevention materials and consult the public. For the first two weeks of February, China saw the launch of as much as 20 blockchain-based applications designed to help fight the coronavirus outbreak, domestic news outlet People’s Daily Online reported on Feb. 17. Most of the […]

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Bitcoin Price Dips Below $9.5K as Whale Deposits 600 BTC to BitMEX

Volatility which began with a rejection of $10,500 late last week continues, with Bitcoin falling below $9,500 for the first time since Feb. 5. Bitcoin (BTC) fell below $9,500 for the first time in almost two weeks on Feb. 17 as downward pressure continued to pressure markets. Crypto market weekly price chart. Source: Coin360 BTC further rejects $10K Data from Coin360 and Cointelegraph Markets showed BTC/USD hitting twelve-day lows of $9,485 on Monday. At press time, the BTC price was struggling to find support at $9,500.  The […]

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