Please share if you find this article interesting. Suddenly, Cheeky Bitcoin Tops $6,000, Ditching Analysts’ Bear Market Bitcoin is almost hitting $6,000 on major exchanges again Thursday as a seven percent daily uptick sees this week’s bear market left behind. Data from Bitcointicker shows WEX delivering a high of $6,004 at press time, with Bitstamp maxing out at $5,988. The move marks a fresh surge for Bitcoin, which just 24 hours ago was languishing at recent lows closer to $5,000. Despite the disruption caused by Bitcoin Gold and the forecast uncertainty from SegWit2x, enthusiasm has returned to trading markets, with even mainstream sources predicting fresh all-time highs will come in November. Nonetheless, the rally appeared to take many by surprise, with commentators expect
Please share if you find this article interesting. Highs on the Radar? Bitcoin Retakes $5,800 as Prices Edge Up Bitcoin is trading on a firmer note today. At press time, the bitcoin-U.S. dollar (BTC/USD) exchange rate is $5,840 across global exchanges. As per CoinMarketCap, the cryptocurrency has witnessed a 6 percent increase in the last 24 hours. After topping out at record highs above $6,100 on earlier this week, bitcoin met a wave of sell offers as investors switched to alternative cryptocurrencies (most likely using fresh funds awarded by exchanges after a new fork). However, while the new bitcoin gold (BTG) saw big declines on its first day of trading, bitcoin (BTC) turned higher from a low of $5,376, indicating fiat money could be entering the BTC market, resulting in high...
Please share if you find this article interesting. Bad Rabbit Bitcoin Ransomware Misery Continues As Hackers Demand $300 in BTC Over 200 victims in Europe and beyond continue to suffer from a brand new ransomware attack demanding Bitcoin to release encrypted files. Known as Bad Rabbit, the ransomware of unknown origin demands 0.05 BTC ($290) to unlock infected computers. Its progress focuses on Russia and Ukraine, with outbreaks also reported in Turkey and Germany, according to cybersecurity firm Kaspersky Lab. “While the target is visiting a legitimate website, a malware dropper is being downloaded from the threat actor’s infrastructure,” a report on the ransomware released Tuesday explains. “No exploits were used, so the victim would have to manually execute the malware dropper
Please share if you find this article interesting. A Look at Bitcoin Replay Attacks and Self-Managed UTXO Protection - Bitcoin News Technology Over the past few weeks, bitcoin proponents have been quarreling online about the lack of replay attack protection for the pending Segwit2x fork scheduled for this November. As time draws closer, a lot of bitcoiners are planning on sitting tight to ride out the storm. However, there are also individuals searching for replay-protected exchanges, wallet providers, and alternative techniques to protect themselves. Also read: Bitcoin Accessibility From a Blind Person’s Perspective Everyone Keeps Talking About This Thing Called Replay Protection The decentralized cryptocurrency bitcoin and many other altcoins utilize a data storage conce
Please share if you find this article interesting. 5 Reasons Why Bitcoin Price is Not Tulip Mania: Nasdaq.com Bitcoin is “not a bubble,” Nasdaq has said citing five reasons demonstrating why Bitcoin price is nothing like Tulip Mania. Increasing adoption as legal tender, merchant acceptance and an investment device for “distressed” economies are among the signs Bitcoin is only just starting out rather than peaking, the investment giant wrote Wednesday. “In all fairness, the returns that Bitcoin and its digital peers in the crypto assets space are experiencing have not been seen since the day and age of the Internet bubble in the late 1990s,” it stated. “However, Bitcoin has very different fundamentals than early Internet stocks and a much more promising growth trajectory.” 2017
Please share if you find this article interesting. MONERO PRICES MOVE $39 TESTING $100 RESISTANCE LEVEL A major take away after 25.10.2017 trading was how Monero price charged up. In fact alt coin Monero was up $39 with highs of $120 as the candlestick closed. Let’s review price action of other alt coins as it happened yesterday: ALT COIN LSK PRICE ACTION ANALYSIS LSKUSD Daily Chart for 26.10.2017 Two technical developments to support further LSK appreciations are present on the chart. Other than the clear double bar reversal and bullish engulfing pattern, notice that bullish divergence forming relative to the stochastics. On 09.10.2017 and 24.10.2017, alt coin LSK prices tested $4.2 but then stochastics were moving higher. I expect a LSK rally and sustained price action above th
Please share if you find this article interesting. Hong Kong and Singapore Will Launch Blockchain-Based Project to Link Their Trade Finance Platforms On Oct. 25, Hong Kong and Singapore announced that they are going to cooperate on a cross-border trade project based on Blockchain technology by linking their trade finance platforms. The announcement from Hong Kong Monetary Authority reads: “The Hong Kong Monetary Authority (HKMA) and the Monetary Authority of Singapore (MAS) signed and exchanged a Co-operation Agreement (“Agreement”) in Hong Kong today (25 Oct. 2017) to strengthen co-operation on fintech, with a view to bolster ties between the two cities and fostering fintech development within the region.” Last year, HKMA with banks including HSBC and Standard Chartered worked o
Please share if you find this article interesting. Hong Kong Bitcoin Meetup Denounces SegWit2x as ‘Reckless Endeavor’ The Hong Kong Bitcoin Meetup has issued one of the industry’s most strongly-worded statements opposing the SegWit2x hard fork. The meetup, which includes local Bitcoin community members and the Bitcoin Association of Hong Kong, described 2x as a “reckless endeavor” that “will cause disruption and harm.” “Due to the combination of both a lack of consensus across the community and a lack of strong replay protection, we consider SegWit2x a reckless endeavor that will cause disruption and harm to the ecosystem,” the statement, released Wednesday reads. “We therefore strongly oppose SegWit2x.” The Meetup joins an increasing number of cryptocurrency entities opposing
Please share if you find this article interesting. PR: Poly AI - Artificial Intelligence Base on Blockchain Project - Bitcoin News This is a paid press release, which contains forward looking statements, and should be treated as advertising or promotional material. Bitcoin.com does not endorse nor support this product/service. Bitcoin.com is not responsible for or liable for any content, accuracy or quality within the press release. INTRODUCTIONArtificial Intelligence has changed our lives almost entirely by improving human’s health, safety and… Unlike in movies, there’s no flying robots up in the skies. And while the use of AI must be accepted and solved, their bigger potential, beside others such as safe driving, help children with their learning, open and upgrade people’s li
Please share if you find this article interesting. Ripple Price Technical Analysis – XRP/USD Consolidating above $0.1950 Key Highlights Ripple price is holding an important support at $0.1950 against the US Dollar. There is a bearish trend line forming with resistance at $0.2050 on the hourly chart of the XRP/USD pair (data source from Kraken). The price might break the $0.2050 resistance to trade towards the $0.2150 level in the near term. Ripple price is trading in a range against the US Dollar and Bitcoin. XRP/USD needs to break the $0.2050 resistance to gain upside momentum. Ripple Price Resistance There was not much action during the past few hours in Ripple price, but it held the $0.1950 support against the US Dollar. Recently, the price started a downside move from the $0.