US president Donald Trump has gleefully weighed in on the news of mass layoffs at Buzzfeed and the Huffington Post in typically abrasive fashion on his Twitter account. According to Trump, who is facing an unprecedented challenge to his presidency following the arrest of longtime adviser Roger Stone and another impending government shutdown on the horizon, hundreds of personnel lost their jobs because their employers are engaged in “fake news”. It will be recalled that Buzzfeed and HuffPo laid off a total of more than a thousand journalists and creative writers last week in the latest round of efficiency cuts
Syscoin has been hit by an unusual hack that has manipulated the coin’s total supply. The attackers then sent the fraudulently generated coins to Binance and sold them, pushing the price of 1 SYS to as high as 96 BTC. The BTC they received was then withdrawn, prompting Binance to temporarily cease trading and to reset all APIs, which are believed to have facilitated the attack.
With all of the cryptocurrency markets in another interesting situation, it remains to be seen how things will evolve. While most of the markets are in the green once again, it will be interesting to see how long this momentum will remain in place. For the time being, the Stellar price is showing solid momentum, which is interesting to keep an eye on.
Ethereum price soared up to a day high of $ 712 on Tuesday before a downwards price correction attempt became evident pulling the price downwards to a day low of $ 596 on Wednesday. The market bulls failed to break through the resistance around $ 713.24, which corresponds to the 61.8% Fibonacci retracement. The upwards trend which has been evident since April 7th, bounced off this crucial resistance level. The price correction attempt is subsiding as ethereum price rose again above $ 600 during most of Wednesday’s trading sessions.
Will ethereum price continue on dropping on Thursday? or shall we expect the market bulls to take the upper hand again?