By CCN Markets: Bitcoin price has increased by 16 percent in the past week against the U.S. dollar following its initial breakout of the $ 10,000 mark on June 21. Luke Martin, a crypto trader, has said that the momentum of the dominant crypto asset is “insane,” indicating that minor corrections are being absorbed by the market at a fast pace and that the short term trend of the asset remains strong. How far can bitcoin go? Earlier this month, the “real 10” volume of bitcoin which refers to the daily spot volume of exchanges with more than $ 1 million in
By CCN Markets: Since early 2019, search engine interest for the keyword “bitcoin” has nearly doubled, according to data from Google Trends. However, with consumer interest still down nearly 90 percent from its all-time high, there’s a strong possibility the crypto boom has more room to run. Google: Bitcoin Searches Still Down 88% from 2017 Peak The sharp fall in the bitcoin price from above $ 6,000 to $ 3,150 in December 2018 led many investors to despair. Others simply lost interest, leading to a mammoth decline in crypto-related search queries. As the bitcoin price recovered from $ 3,150 to $ 10,915 in just
By CCN Markets: Most analysts think Donald Trump would rather ink a trade deal with China than let the stock market fall. But the big question is, how far would the Dow Jones and S&P 500 have to collapse before Trump steps in? According to a survey by Bank of America Merrill Lynch, the key level for money managers is the December 2018 stock market low. Dow Jones crisis point – 21,792 S&P 500 crisis point – 2,351 Trump will sign trade deal if Dow falls 16% The survey, which polled US money managers with a total $ 528 billion under
By CCN Markets: Bitcoin has already come of age as a safe haven currency, a market analyst has pronounced. According to eToro’s senior market analyst Mati Greenspan, the cryptocurrency is trading at a premium of over $ 100 in Hong Kong on the TideBit exchange. Heavy Bitcoin Demand Results in Hong Kongers Paying Premium Price In Greenspan’s view, this a demonstration of the cryptocurrency’s ability to serve as a refuge currency in uncertain times. Bitcoin is trading at a premium of about $ 160 in Hong Kong. Pictured is the HK exchange TideBit where a single BTC is going for 73,120 HKD
The litecoin cryptocurrency was trading in the triple digits earlier on Thursday for the first time since last June.
Bitcoin surged to an eight-month high of $ 6,964 earlier today, as a bull cross of long-term moving averages occurred for the first time since 2015.
Ethereum (ETH) moved higher in definitive fashion Monday after news broke that the CFTC is willing to approve ether futures if the proposed contracts meet all the requirements. The largest altcoin started Monday morning around $ 160 and steadily rose throughout the day to just under $ 180. After a slight pullback, ether is currently trading for […]
After several days of uncertainty following revelations by and about Bitfinex and Tether (USDT), Bitcoin (BTC) resumed its march higher, rallying 7% in early Friday trading to $ 5,826. The breakout brings Bitcoin’s market cap back above $ 100 billion, which is roughly 55.2% of the overall crypto market ($ 184.8 billion). The rally has spilled over to […]
CryptoKitties, the Ethereum-based, decentralized application (dapp) that allows users to purchase, collect, breed and sell various types of virtual cats, has hit another major milestone as the 1.5 millionth CryptoKitty, “Papacatuanuku,” has been hatched. It started with Genesis 💎 Cathena waved hello at 500k 🌊 Vulcant fired us up at 1M 🔥 Now Papacatuanuku, the […]
When the world collapses and society splinters into factions fighting for the scraps, you’ll want to keep your friends close and your crypto closer. Whatever the cause of the fallout, economic disaster is certain. Fiat currency will be the first to falter, leaving gold, bitcoin and barter as the only surviving means of exchange. Here’s how you can use your crypto when judgement day comes.
Tezos (XTZ), a blockchain platform that features a self-evolving upgrade system, has quietly been one of the best performing large-cap cryptocurrencies over the past week. You must be a subscriber to continue reading Members can login here. FREE 7-DAY TRIAL: Receive access to all Premium content. Subscribe for $ 10/month Subscribe for $ 60/year SludgeFeed Premium members gain access to […]
The price of NEO (NEO), a Chinese-based blockchain platform, hit a 1-month high today as the project prepares for the upcoming Seattle DevCon event on February 16. NEO is now up 17.3% over the last week to $ 8.39, bringing the project to a $ 545.4 million market cap. Seattle DevCon 2019 Significant interest surrounds the upcoming […]
On January 26, 2019, clients of peer-to-peer bitcoin trading service LocalBitcoins were the targets of a phishing scam which resulted in the theft of a handful of bitcoins.
The Scam’s Operation
Reports claimed that the attacker was able to conduct the scam thanks to a security vulnerability on the LocalBitcoins platform. The landing page of the site’s forum reportedly was hacked, leading clients to a phishing site.
The phishing site was designed to carefully mimic the features of the actual LocalBitcoins landing page. Once on it, users were prompted to log in and provide their sensitive, two-factor authentication codes.
By CCN.com: According to a report released by ValueWalk, the number of Bitcoin ATMs worldwide has surpassed 4,000 and the market is still growing rapidly. The increase in the number of Bitcoin ATMs comes in a period during which cryptocurrency businesses are prioritizing compliance, dealing with strict Know Your Customer (KYC) and Anti-Money Laundering (AML) policies.
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President Donald Trump has proposed extending protection for some illegal immigrants in the U.S. in exchange for wall funding along the Mexican border. The offer, which was announced Saturday after 4:00 p.m. ET, presents Congress with a new pathway to ending the longest government shutdown in U.S. history. A Presidential Compromise Speaking live from the
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A number of stocks tanked sharply without warning earlier today on the Hong Kong equity market, which is the fourth largest in the world. The market rout left investors with no time to exit their positions, leaving them with losses amounting to as much as $ 4.77 billion in a matter of minutes. Share prices of
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On December 29, the Bitcoin price briefly surpassed $ 4,000, initiating a promising rally from around $ 3,600. In the past 24 hours, the value of Bitcoin has retraced from $ 4,000 to $ 3,800, falling to $ 3,688 at the day’s lowest point. The decline in the Bitcoin price led other major crypto assets such as Ripple (XRP) and
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TRON founder Justin Sun’s plan for blockchain domination seems to be going well. The TRON blockchain now has over 1 million user accounts and has reached over 100 million contracts recorded. The number of TRON addresses, or users, is growing by between 10,000 and 40,000 per day. According to tronscan.org TRON, user address growth now
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PlayerUnknown’s Battlegrounds (PUBG), an online multiplayer battle royale game, has struggled to retain Steam users since hitting a peak of 3.2 million concurrent players last January. While users fell to a low of 895,650 peak concurrent players in November, the recent release of the new winter map, Vikendi, has spurred gamers to return. This week saw a peak of 1.1 […]
According to the International Monetary Fund (IMF), the global debt has achieved $ 184 trillion with $ 86,000 per person, a figure that is twice larger than the global average income per-capita. Out of the $ 184 trillion, The Balance reported that $ 21 trillion comes from the U.S., making up for around 11.4 percent of the global debt.
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