Thursday, May 23Your Daily Bitcoin & Altcoin News Portal

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Collapsed Cryptopia Founder Wants You to Put Funds on His New Exchange

Collapsed Cryptopia Founder Wants You to Put Funds on His New Exchange

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Please share if you find this article interesting. Collapsed Cryptopia Founder Wants You to Put Funds on His New Exchange Because there are, apparently, second acts in crypto, the creator of the defunct Cryptopia exchange is trying again with a new exchange product called Assetylene. The exchange, which touts itself as “New Zealands most advanced crypto trading platform,” is run by Adam Clark, the former founder and programmer for Cryptopia. Cryptopia went into liquidation on May 15 after a major hack that drained an estimate $16 million-worth of crypto last year. Most recently the stolen funds are currently moving out of the hacker’s wallets and onto various exchanges. One would assume, then, that the founder of a hacked, shuttered exchange, wouldn’t try again so quickly. One wo
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Bitcoin On the Defensive With Price Below $8k

Bitcoin On the Defensive With Price Below $8k

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Please share if you find this article interesting. Bitcoin On the Defensive With Price Below $8k View BTC has traded in a narrowing price range over the last 48 hours, aborting the immediate bullish view put forward by Sunday’s double-digit gains. A range breakdown, if confirmed, would allow a price drop toward $7,200. That looks likely with multiple signs of bullish exhaustion on the daily chart. The outlook, however, would again turn bullish if the contracting triangle ends with a bullish breakout. In that case, the price could rise to $8,500. Bitcoin is teasing a downside break of its recent trading range, having again faced rejection above $8,000 earlier today. The cryptocurrency market leader jumped more than 12 percent on Friday, reviving the case for a potential break abov
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Firefox Browser Adds Option to Automatically Block Crypto Mining Scripts

Firefox Browser Adds Option to Automatically Block Crypto Mining Scripts

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Please share if you find this article interesting. Firefox Browser Adds Option to Automatically Block Crypto Mining Scripts Mozilla has released an update for its Firefox browser which includes an option to block cryptocurrency mining scripts on websites. The option is being offered alongside control of cookies and trackers in the “Privacy & Security” tab of the browser, where users can now also choose to tick a box that prevents “cryptominers” from running, Mozilla announced on its blog Tuesday. Crypto-mining scripts on websites run in the browser, normally without users’ knowledge or consent, using the power of the computer processor to mine cryptocurrency for hackers’ personal gain. “These scripts slow down your computer, drain your battery and rack up your electric bill,” Moz
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Bitcoin SV Surges 200% As Wright Registers Copyright to Satoshi White Paper

Bitcoin SV Surges 200% As Wright Registers Copyright to Satoshi White Paper

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Please share if you find this article interesting. Bitcoin SV Surges 200% As Wright Registers Copyright to Satoshi White Paper The standout performer in the cryptocurrency markets today is one of the world’s largest by market cap, Bitcoin SV (BSV), which at one point surged over 200 percent on some exchanges during today’s trading session. At 13:15 UTC, the price 11th largest crypto by market cap rank reached a 24-hour high of $139.31, a figure more than 120 percent higher than its UTC opening price of $62.99, according to CoinMarketCap data. On some exchanges, however, BSV’s sudden price surge was even more drastic, increasing as much as 214 percent to reach $195 in the BSV/USDT market on the Singapore-based cryptocurrency exchange Huobi. The surge is due in part to the announce
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Bitcoin’s Repeated Failures to Pass $8.3K Raise Risk of Price Pullback

Bitcoin’s Repeated Failures to Pass $8.3K Raise Risk of Price Pullback

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Please share if you find this article interesting. Bitcoin’s Repeated Failures to Pass $8.3K Raise Risk of Price Pullback View Bitcoin risks a price pullback in the short-term, given the signs of bullish exhaustion around $8,300. A UTC close below $7,581 would validate a bearish “hammer candle” created on Monday and open the doors for a drop to the 30-day moving average, currently at $6,333. The case for a pullback would weaken if BTC settles above $$8,200 today, invalidating the hammer candle. Both the daily and 4-hour charts also indicate scope for a price pullback. Bitcoin (BTC) has failed three times in seven days to find acceptance above $8,300, raising the risk of a notable short-term correction. The cryptocurrency market leader jumped nearly 13 percent to a high of $8,300
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The Cryptopia Hackers Are Moving Funds Into at Least Four Wallets

The Cryptopia Hackers Are Moving Funds Into at Least Four Wallets

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Please share if you find this article interesting. The Cryptopia Hackers Are Moving Funds Into at Least Four Wallets Even as hacked crypto exchange Cryptopia goes into liquidation, the thieves who cleared at least $16 million in ethereum appear to have begun moving the stolen crypto into multiple wallets. In January Cryptopia went offline before announcing that it had “suffered a security breach which resulted in significant losses.” Although the company never disclosed the amount, independent analytics firms estimated that a hacker or hackers made off with over $16 million in ethereum and other tokens. On May 15 the exchange shut down trading and posted a message regarding liquidation: “Despite the efforts of management to reduce cost and return the business to profitability, i
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$900 Million: Coinbase Records Highest Weekly Ethereum Trading Volume Since 2017

$900 Million: Coinbase Records Highest Weekly Ethereum Trading Volume Since 2017

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Please share if you find this article interesting. $900 Million: Coinbase Records Highest Weekly Ethereum Trading Volume Since 2017 Weekly trading volume for the world’s second largest cryptocurrency by market value, Ethereum (ETH), reached its highest notional value in over 17-months on the popular exchange Coinbase. In Coinbase’s two most popular ETH markets, ETH/BTC and ETH/USD, a combined total of 3,675,570 units of ETH changed hands from May 13 to May 19, which at current market prices ($246) has a notional value of over $904.1 million – its highest total in a week since Dec. 11, 2017 according to data from TradingView. If the trading volume of Coinbase’s remaining and more recently-added ETH markets (ETH/GBP, ETH/EUR, and ETH/USDC) are added to the mix, a total of 4.271 mil
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Beyond KYC: Global Regulators Appear Set to Adopt Tough New Rules for Crypto Exchanges

Beyond KYC: Global Regulators Appear Set to Adopt Tough New Rules for Crypto Exchanges

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Please share if you find this article interesting. Beyond KYC: Global Regulators Appear Set to Adopt Tough New Rules for Crypto Exchanges The Takeaway The Financial Action Task Force (FATF) is set to finalize new international standards for regulating cryptocurrency firms next month. Those standards are widely expected to subject crypto exchanges, wallet providers and others to the “travel rule” long followed by correspondent banks. Industry representatives say this requirement would be onerous if not unworkable for crypto businesses, and bad for user privacy. FATF “recommendations” aren’t legally binding, but countries that don’t follow them get blackballed in the global economy. The cryptocurrency industry is bracing for forthcoming international regulatory standards that would
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First Since 2017: Bitcoin Price Logs Double-Digit Gains for Third Week

First Since 2017: Bitcoin Price Logs Double-Digit Gains for Third Week

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Please share if you find this article interesting. First Since 2017: Bitcoin Price Logs Double-Digit Gains for Third Week View Bitcoin has recorded double-digit gains for three consecutive weeks, a feat last seen during the height of the bull market in 2017. BTC’s quick recovery from Friday’s low of $6,178 indicates “buy the dip” mentality is quite strong. Further, the daily and weekly charts are biased bullish. Prices, therefore, could rise to $8,500 (July 2018) this week. Before such a rise, however, we may see a correction to $7,500–$7,200, according to the hourly chart. The short-term outlook would turn bearish only if prices find acceptance below the 30-day moving average, currently at $6,239. Bitcoin (BTC) is looking strong, having registered double digit gains for three co
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‘Tackling Real World Issues’: Hackers at ETH New York Build Apps Geared Towards Social Change

‘Tackling Real World Issues’: Hackers at ETH New York Build Apps Geared Towards Social Change

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Please share if you find this article interesting. ‘Tackling Real World Issues’: Hackers at ETH New York Build Apps Geared Towards Social Change If building decentralized financial applications was the motto topic of Ethereal, the ethereum hackathon ETH New York was all about discussing the social impact of such applications. Speaking to a group of high school students at ETH New York, Mariano Conti – head of smart contracts at the MakerDAO Foundation – asked foundational questions surrounding decentralized financial applications like, “How do you protect your money?” and “What if banks decided you do not own your money?” “This whole movement is called decentralized finance,” said Conti. “We’re going to see a lot of projects being created around that. It’ll hopefully be what my k