Bitcoin has seen some choppy price action throughout the past day, with its price mainly consolidating within the lower-$15,000 region as bulls and bears struggle to gain control of its near-term outlook.

Where it trends in the near-term will likely depend on whether or not it can continue trading above $15,000. This has been a key support level for the crypto, and so far, each break below it has been met with immense buying pressure.

Its recent consolidation has done little to provide insight into its near-term outlook. Until it can either break above $16,000 or see prolonged stability within the $15,000 region, investors may continue taking profits off the table and placing pressure on BTC.

One trader is now noting t ... Read more »

Category: News | Views: 34 | Added by: danyagames2007 | Date: 10.11.2020 | Comments (0)

Developers of the Sharktron defi project have exit scammed with reports suggesting that TRX tokens worth up to $10 million are missing. The Tron Foundation has confirmed the theft, but is quick to inform Sharktron token holders that a portion of the missing funds has been frozen. The exit scam comes a few weeks after the Sharktron devs issued a press release inviting investors to buy the token.

Binance Freezes Part of Stolen Funds

However, Justin Sun’s Tron Foundation, seemingly eager to get past this event, has issued a response on Twitter. The statement, which does not state the value of funds stolen, says:

Regarding the sh ... Read more »

Category: News | Views: 32 | Added by: danyagames2007 | Date: 10.11.2020 | Comments (0)

The staking process on Ethereum 2.0 is live for almost a week now. And it has left the cryptocurrency in a moderately bullish state.

ETH/USD is up more than 12 percent on a month-to-date timeframe, trading at circa $447 as of 1252 GMT. The pair’s move uphill appears in the wake of a strong Bitcoin correlation, and also, as more and more Ethereum supply goes out of circulation.

The last six have witnessed deposits of more than 50,000 ETH tokens in the official contract of Ethereum 2.0, the name for the blockchain project’s protocol migration from proof-of-work to proof-of-stake. An upgraded Ethereum would allow people to stake their ETH holdings to run their blockchain network. Meanwhile, in return, it will pay stak ... Read more »

Category: News | Views: 26 | Added by: danyagames2007 | Date: 10.11.2020 | Comments (0)

The Emerald Isle is now a hotspot for talent in tech and a corporate tax haven.

United States’ retail giant Overstock is reportedly expanding its blockchain wing tZero with new hires in Ireland.

The Utah-based e-commerce company is seeking to hire software and devops engineers to work on its blockchain and security token subsidiary tZero, local tech news agency Silicon Republic reported on Nov. 10.

As reported, the new hires for tZero are part of a new team at Overstock’s headquarters in Sligo in western Ireland. The online retail company already employs 90 people working in AI, research and development, and machine learning.

Senior development manager at Overstock John Forde said that tZero operate ... Read more »

Category: News | Views: 30 | Added by: danyagames2007 | Date: 10.11.2020 | Comments (0)

The recent surge in DeFi makes the industry is an attractive target for hackers.

Cryptocurrency-related crimes have slowed down in 2020, but some sectors within the crypto industry have become a new hotbed for criminal activity, a new report says.

Citing major crypto analytics firm CipherTrace, Reuters reported on Nov. 10 that total losses from crypto thefts, hacks and fraud dropped from $4.4 billion in 2019 to $1.8 billion over the first 10 months of 2020.

CipherTrace CEO Dave Jevans said that the general decline of criminal activity in the crypto industry is a result of increased security measures:

“What we have seen is that exchanges and other cryptocurrency pl ... Read more »

Category: News | Views: 37 | Added by: danyagames2007 | Date: 10.11.2020 | Comments (0)

While the economy has been on thin ice, no asset has benefitted more from the post-pandemic “new normal” than Bitcoin. Fear of the uncertainty has caused demand to rise in the insurance policy against the unknown.

But as news of a vaccine being 90% effective broke today, so potentially did Bitcoin’s uptrend. Here’s how the positive vaccine news from Pfizer might change the cryptocurrency’s attractiveness to the recent wave of institutions considering adding BTC to their portfolios.

Economy Could Get Shot In The Arm With Widespread Vaccine Distribution

2020 kicked off as a year like any other with high hopes for the future. The throwback to the “roaring 20s” however, ended up ... Read more »

Category: News | Views: 23 | Added by: danyagames2007 | Date: 10.11.2020 | Comments (0)

Decentralized finance (DeFi) coins have undergone an extremely strong recovery from last week’s lows. As of last night, at the highs of the recovery rally, there were a large number of top coins in the space that was up 100% from their lows.

While some of these gains have since been reverted, DeFi is holding up relatively well. Popular coins pertaining to this space including Aave (AAVE), Thorchain’s RUNE, and Synthetix’s Synthetix Network Token (SNX) are up 10% in the past 24 hours despite the drop in the price of Bitcoin.

Bitcoin is down $800 from its local highs and continues to range as it has seemingly formed a correlation with gold an inverse correlation with the U.S. dollar.

DeFi Coins Hold Up ... Read more »

Category: News | Views: 28 | Added by: danyagames2007 | Date: 10.11.2020 | Comments (0)

Bitcoin price is struggling to settle above $15,500 and $15,600 against the US Dollar. BTC is likely to start a sharp downside correction if it breaks the $15,000 support.

Bitcoin is showing a few bearish signs below the $15,500 and $15,600 levels.
The price is currently trading below $15,400 and the 100 hourly simple moving average.
There is a key connecting bullish trend line forming with support near $15,050 on the hourly chart of the BTC/USD pair (data feed from Kraken).
The pair could start a sharp downside correction if it continues to face resistance near $15,500.

Bitcoin Price is Facing Hurdles

There was an increase in selling pressure on bitcoin price from the $15,850 zone. BTC declined ove ... Read more »

Category: News | Views: 33 | Added by: danyagames2007 | Date: 10.11.2020 | Comments (0)

A Ukrainian national has been sentenced to nine years in prison in what the IRS is describing as the United States’ “first Bitcoin case [with] a tax component.”

A former Microsoft engineer has been sentenced to nine years for stealing more than $10 million in digital value from his past employer in the form of “currency stored value" (CSV) including gift cards.

Volodymyr Kvashuk, a 26-year-old Ukrainian citizen residing in Washington, used the accounts and identities of his fellow employees to steal and then sell the CSV — making it appear as though his co-workers were responsible for the fraud. 

Kvashuk also used a Bitcoin (BTC) mixing service to further obfuscate the paper trai ... Read more »

Category: News | Views: 49 | Added by: danyagames2007 | Date: 10.11.2020 | Comments (0)

It appears many Chinese miners have completed their annual migration from Sichuan, with Bitcoin’s hash rate spiking more than 40% in two days.

The hash power of the Bitcoin (BTC) network has jumped by roughly 30% over the past 24 hours, which if sustained, suggestsg a major difficulty adjustment may soon be incoming.

According to Coinwarz, Bitcoin's hash rate currently sits at 157.5 exahashes per second (EX/s) after briefly pushing above 160 EH/s. As of this writing, BTC hash power has increased by 42% in two days.

... Read more »

Category: News | Views: 53 | Added by: danyagames2007 | Date: 10.11.2020 | Comments (0)