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Bitcoin Eyes Bear Revival After Key Support Breached

Bitcoin Eyes Bear Revival After Key Support Breached

BITCOIN, CURRENT EVENTS, EDUCATION, FINANCE
Please share if you find this article interesting. Bitcoin Eyes Bear Revival After Key Support Breached Bitcoin's (BTC) bears may be building for a strong comeback, having pushed prices to a eight-day low below $6,300 earlier on Friday. The price fell to $6,286 on Bitfinex at 09:50 UTC, the lowest level since June 14, and, at press time, was changing hands at $6,326, down around 6 percent over 24 hours. As discussed yesterday, the cryptocurrency's persistent failure to scale the $6,800 mark in a convincing manner had raised the prospects of another leg down in bitcoin prices. It seems that process is now underway. Bitcoin breached the key support of $6,620 a couple of hours ago – signaling that the relief rally from the June 13 low of $6,108 has ended at $6,850 (June 18 high) and
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The Downside of Democracy (and What it Means for Blockchain Governance)

The Downside of Democracy (and What it Means for Blockchain Governance)

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Please share if you find this article interesting. The Downside of Democracy (and What it Means for Blockchain Governance) Taylor Pearson is the author of "The End of Jobs" and writes about entrepreneurship and blockchain technologies at TaylorPearson.me. Following acrimonious debates within the bitcoin and ethereum communities over the past few years regarding governance decisions that ended in forks, there has been a wave of projects offering on-chain governance. This is a system for deciding on changes to public blockchain protocols using formalized governance mechanisms encoded in the blockchain, rather than informal discussions offline. Prominent examples of protocols with on-chain governance include Tezos, EOS and Decred. While these projects may have some value, I believe
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21e800: Bitcoin, Satoshi and the Mystery Twitter Is Obsessing Over

21e800: Bitcoin, Satoshi and the Mystery Twitter Is Obsessing Over

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Please share if you find this article interesting. 21e800: Bitcoin, Satoshi and the Mystery Twitter Is Obsessing Over #00000000000000000021e800c1e8df51b22c1588e5a624bea17e9faa34b2dc4a This is a hashtag, but not just any hashtag. In all likelihood, it's the longest and most confusing one you'll ever come across trending in the crypto community. Posted on June 19 by Mark Wilcox, the hashtag actually represents a cryptographic code known as a hash that's produced each time new transactions are validated and written onto the bitcoin blockchain. There are several of these written each day, so at first glance, it seems strange that this particular one produced on Tuesday at 19:32:37 (UTC) would be of any groundbreaking importance. That's where you'd be wrong. Well, actually, that's wh
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Stanford University Launches New Blockchain Research Center

Stanford University Launches New Blockchain Research Center

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Please share if you find this article interesting. Stanford University Launches New Blockchain Research Center A group of crypto startups and organizations are sponsoring a new blockchain research center headquartered at Stanford University. The Center for Blockchain Research is being led by Dan Boneh and David Mazières, two professors who have specialties in blockchain and cryptocurrencies. The research outfit plans to "develop best practices" for blockchain by bringing the university scientists and the industry's top leaders together, according to a press release released by Stanford Engineering on June 20. The website for the center lists the initiative's sponsors, such as the Ethereum Foundation, Protocol Labs and the Interchain Foundation. OmiseGO, DFINITY Stiftung and Polyc
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$7K Resistance Is Capping Bitcoin’s Upside Price Potential

$7K Resistance Is Capping Bitcoin’s Upside Price Potential

BITCOIN, CURRENT EVENTS, EDUCATION, FINANCE
Please share if you find this article interesting. $7K Resistance Is Capping Bitcoin's Upside Price Potential Bitcoin's (BTC) bulls are struggling to push prices higher, despite a still-favorable short-term set-up on the technical charts. Bitcoin rose to a six-day high of $6,580 on Monday on Bitfinex, adding credence to indications that the cryptocurrency could be in for a relief rally. The bullish bias has strengthened further in the last two days too, courtesy of a bullish Bollinger band breakout and a bullish crossover between the 5-day and 10-day moving average (MA). Furthermore, bitcoin refused to embrace the negative narrative on Wednesday after the $31 million hack of South Korea's Bithumb exchange, indicating that the sellers are likely running dry. Despite all this, thou
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Bloomberg Terminal Adds Huobi’s Cryptocurrency Market Index

Bloomberg Terminal Adds Huobi’s Cryptocurrency Market Index

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Please share if you find this article interesting. Bloomberg Terminal Adds Huobi's Cryptocurrency Market Index Cryptocurrency exchange Huobi announced that financial data firm Bloomberg has added the HB10 crypto market index on its terminal for subscribers. In an announcement on Thursday, Huobi said users on Bloomberg Terminal are now able to track the performance of top 10 cryptocurrencies that are traded on Huobi Pro, which is now the third largest exchange in the world by trading volume based on data from CoinMarketCap. Huobi launched HB10 index last month, which uses weighted samples to track a pool of top 10 crypto assets traded on its platform in real-time against tether (USDT), the dollar-pegged cryptocurrency, based on their liquidity and market capitalization. The exchan
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Crypto Cries Foul In Wake of Tether’s Dollar Token Report

Crypto Cries Foul In Wake of Tether’s Dollar Token Report

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Please share if you find this article interesting. Crypto Cries Foul In Wake of Tether's Dollar Token Report Too good to be true? That's what some are wondering after Tether, the makers of the dollar-pegged crypto asset, USDT, made an announcement Wednesday insisting that its tokens – valued at $2.6 billion – are fully-backed by real cash (according to one law firm, at least). For months, Tether has fought accusations that it is falsely issuing tokens without actually having the dollar reserves to back them. The company had even initially partnered with an audit firm to undergo a full inspection. That working relationship, however, was dissolved back in early January. Some background on Tether: Unlike bitcoin or ethereum, which does not have traditional assets affirming its val
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Bitcoin Retains Short-Term Bull Bias Despite Exchange Hack

Bitcoin Retains Short-Term Bull Bias Despite Exchange Hack

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Please share if you find this article interesting. Bitcoin Retains Short-Term Bull Bias Despite Exchange Hack Bitcoin (BTC) suffered a minor dip last night after it was revealed that hackers had again breached a major cryptocurrency exchange, but the charts still favor a corrective rally to $7,000. The cryptocurrency fell from $6,740 to $6,560 after Bithumb – the sixth largest cryptocurrency exchange in the world by trading volume – confirmed that the attack had happened between late Tuesday night and early Wednesday morning local time, adding that about $32 million-worth of cryptocurrencies had been stolen. The Seoul-based cryptocurrency exchange has now halted all deposit and withdrawal service in order to ensure security and announced that it would fully compensate customers.
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Tron Bought BitTorrent And Crypto Won’t Stop Talking

Tron Bought BitTorrent And Crypto Won’t Stop Talking

BITCOIN, CURRENT EVENTS, EDUCATION, FINANCE
Please share if you find this article interesting. Tron Bought BitTorrent And Crypto Won't Stop Talking The founder of a little-known cryptocurrency is making big waves. First leaked last week, more details emerged Tuesday on how Justin Sun, the founder of a controversial cryptocurrency project called Tron (with a market capitalization of more than $3 billion), is acquiring the file-sharing service BitTorrent for as much as $140 million. (A subsequent CoinDesk report pins that total at closer to $120 million). If you just did a double-take, you're not alone. A quick recap: Tron, the 10th-largest cryptocurrency in the world according to data published by CoinMarketCap, is in the midst of gearing up for its big software launch. The project officially kicked off efforts in May to
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John McAfee Won’t Promote ICOs Anymore Because of ‘SEC Threats’

John McAfee Won’t Promote ICOs Anymore Because of ‘SEC Threats’

BITCOIN, CURRENT EVENTS, EDUCATION, FINANCE
Please share if you find this article interesting. John McAfee Won't Promote ICOs Anymore Because of 'SEC Threats' John McAfee, the cybersecurity tycoon-turned-cryptocurrency backer said Tuesday that he will end his work on initial coin offerings (ICOs). In a tweet, McAfee cited "SEC threats" when revealing that he would stop working on token sales or recommend them to his 800,000-plus followers on Twitter. It represents the end of what was reportedly a notable line of business, with McAfee revealing in April that his ICO team was charging more than $100,000 for a single promotional tweet, according to a report from The Verge. McAfee's statement follows a period of sustained criticism against the Securities and Exchange Commission (SEC), the U.S. securities market regulator tha