Archive for November, 2019
Lightning Network (LN) payments plummets to lowest value since late 2018
Lightning Network (LN) payments dip to lowest levels in a year. Bug or reduced interest? DeFi keeps breaking records, is $1 billion possible in 2020? In our last DeFi update we highlighted the explosive growth of decentralized finance in both USD and Ether based valuation. The DeFi apps hit an all-time high in total USD […]
Canadian Regulator Green-Lights Bitcoin Fund IPO
The Bitcoin Fund’s initial public offering (IPO) filing has been accepted by Canada’s Ontario Securities Commission. Despite previously rejecting it, the Canadian regulator finally accepted the fund’s IPO prospectus after a public hearing and a favorable ruling. Also read: Bitcoin ATMs Installed at 5 Major Malls in the US The Bitcoin Fund IPO Crypto-focused Canadian […]
Bitcoin Fails to Break $7.8K and Now Risks Reversing to New Lows
Whereas Bitcoin (BTC) was hovering at $6,500 earlier this week, it has since rebounded to the resistance zone of $7,800 but failed to break it on the first attempt. Crypto market daily performance. Source: Coin360 As the short term trend is still upwards, should traders be cautious about the recent price action? Let’s take a […]
Bad Packets Will Scan Entire Internet to Prevent Crypto Jacking
Researchers at the hacking group Bad Packets are doing a widespread scan of the internet to see which pages, sites and channels are potentially using the sandbox software Docker as a means of mining cryptocurrency. Bad Packets: Good Solutions Malicious actors are running rampant in the cryptocurrency world. We’ve seen this recently through the hack […]
Ethereum could drop down from rising wedge to $146 next week
Less than a week ago, ETH tested a support line for the first time since December 2018. It has since recovered slightly, valued at around $153 at the time of writing. According to CoinMarketCap, the flagship Ethereum coin had a market capitalization of over $16.6 billion and more than $7 billion worth of ETH was […]
459 Days Until BTC Hits Its Longest Streak Without a New All-Time High
Since bitcoin hit its all-time high (ATH) in December 2017, crypto enthusiasts have wondered if BTC will touch or surpass it again. After the ATH in November 2013 at $1,156 per BTC, it took 1,170 days to touch the next ATH at $19,891 per coin. To many observers, the downtime has been very long after […]
Bakkt To The Senate: CEO Kelly Loeffler To Occupy US Senate Seat
The CEO of Bakkt, Kelly Loeffler, is reportedly going to take the seat in the U.S. Senate for the state of Georgia. Governor Brian Kemp is set to choose the businesswoman rather than President Trump’s choice – U.S. Rep. Doug Collins. Bakkt CEO In U.S. Senate Governor Brian Kemp appears to be clear with his […]
ETH/USD on the Edge as Drop to $130 USD a Possibility
Despite the short term spike back above $150, Ethereum is showing signals to trade lower in the coming days as users await the Istanbul hard fork on December 7th 2019. ETH/USD targets $130 if bulls fail to break resistance The price of ETH/USD has been in a sharp downtrend since hitting a yearly high of […]
The Second Grin Hard Fork is Planned for January 2020
The Grin project has already successfully hard forked once already earlier this year with a change in the C29 PoW algorithm from Cuckaroo29 to Cuckarood29 and now a second hard fork has been planned. Grin’s Hard Fork 2 is planned for block 524160 that should be reached sometime in January next year (around the middle […]
Up Bit Hack Results in Nearly $50 Million in Lost Ether Tokens
It’s happened again, folks. Another cryptocurrency hack has taken place in the region of South Korea. This time, the victim is the popular cryptocurrency exchange Up Bit, which has reportedly lost nearly $50 million in Ethereum (ETH) funds. Up Bit: The Latest Target of Cyberthieves South Korea, at one time, was one of the world’s […]
