Cryptocurrency

Bitcoin's recovery may be limited by $8,800, however, even stronger resistance comes at $9,000. The critical support is created by a cluster of buy orders on approach to $8,600. Bitcoin (BTC)  retreated from the intraday high of $8,000 to trade at $8,650 by press time. Despite the sell-off, the first digital asset has stayed mostly unchanged both since the beginning of the day and on a day-to-day basis amid expanding volatility. Bitcoin's daily trading volume has reached $43.2 billion, while its market share settled at 63.8%.  According to Intotheblock data, about 69% of Bitcoin holders are making money at current price levels. Strong support is created at $8,600 as a large number of addresses having a breakeven point around this level. Once it is broken, the sell-off may gain traction with the next focus on the recent low of $8,431, followed by $8,300. This barrier is supported by SMA100 daily and 38.2% Fibo retracement for the downside move from July 2019 high to Decemb...

This week the equity markets experienced their worst week in 12 years and as this meltdown took place the crypto market also took a hit.  Bitcoin (BTC) and the cryptocurrency market saw a significant selloff this week and this outcome is relatively reasonable given that people sell their assets out of fear of potential economic instability. Other safe-haven assets like gold and silver also saw a massive selloff on Friday.  Are the crypto markets going to find support in the coming weeks, or will we see a continued downtrend in momentum?  Crypto market daily performance. Source: Coin360 Selloff ensues after Bitcoin lost key support at $9,400 The price of Bitcoin found resistance at the $10,400 level, after which a test of the $9,400 support was heavily needed. The $9,400 level was unable to provide sustainable support and as the price fell through it this caused a significant selloff throughout the crypto market. BTC USDT daily chart. Source: TradingView The sell-...

bitcoin Defining Bitcoin: Money, Currency or Store of Value - Cointelegraph Bitcoin Price Falls $1,400 in One Week — Is the Bear Market Back? - Cointelegraph New Twitter Investor May Remove Bitcoin Advocate Jack Dorsey as CEO - CoinDesk - CoinDesk Wilshire Phoenix Slams SEC for Bitcoin ETF Rejection - Cointelegraph Defining Bitcoin: Money, Currency or Store of Value - Cointelegraph Posted: 28 Feb 2020 11:32 PM PST As the Bitcoin halving draws ever nearer, the demand for the digital asset keeps soaring, having seen an increase of around 15% against the United States dollar in the past month. The Bitcoin halving is predicted to take place during May 2020 and will see Bitcoin's issuance rate decrease from 12.5 to 6.25 BTC every block or around every 10 minutes. As time goes on, Bitcoin's scarcity and high stock to flow rate continue to make it an increasingly attractive asset for investors. As Bitcoin'...

Cryptocurrency traders are contending with volatile markets due to coronavirus. Since Feb. 25, the number of new COVID-19 cases reported in the rest of the world has surpassed new cases in China, according to the World Health Organization.  Fear the virus’ spread will lead to a pandemic that could slow the global economy is dragging down stock prices; the S&P 500 index is in the red by 10 percent since the beginning of 2020. Bitcoin (BTC) has also taken a hit, with the cryptocurrency trading below $9,000 for the first time since January, although as of Feb, 28 it is still up 20 percent for the year to date.  Meanwhile, cryptocurrency over-the-counter (OTC) trading volume has been on the rise since the virus became a constant part of the news cycle. “We have been seeing a significant uptick in volume over the last 60 days,” said Michael Leon, a trader at Chicago-based Althena Investor Services, which specializes in serving OTC clients. Upticks in week-over-week...

16 new jobs that only exist in the crypto industry - Decrypt 16 new jobs that only exist in the crypto industry - Decrypt Posted: 29 Feb 2020 06:37 AM PST In Brief Despite the ups and downs in the crypto markets, demand for skilled workers has increased 26% year over year. Wages are on average $105,000 (US). Many of these jobs, such as smart contract engineer and head of staking, are radically new kinds of positions. Whether you believe crypto spring is coming, the crypto jobs market is already starting to bloom. Despite the ups and downs of the crypto markets, employment sites are still registering brisk demand for the blockchain savvy. Despite a mostly meh year in crypto, crypto-related jobs increased by 26%, according to an end of year study by Indeed.com. An earlier report by Electric Capital  helped paint a picture of that job market. Thanks to the growth of Bitcoin, DeFi and increased awareness of enterprise blockchain...

ThreatFabric, an Amsterdam-based cybersecurity firm specializing in threats to the financial industry, has identified the "Cerberus" Trojan that steals 2-Factor Authentication (2FA) codes generated by the Google Authenticator app for internet banking, email accounts, and cryptocurrency exchanges. US-based cryptocurrency exchange Coinbase is one of the crypto platforms listed in Cerberus’ exhaustive list of targets — which also includes major financial institutions around the world and social media apps.  The cybersecurity firm notes that it has not identified any advertisement on the dark beb for Cerberus’ updated features, leading it to believe that the updated version is “still in the test phase but might be released soon.” Cerberus updated during early 2020 ThreatFabric’s report states that the Remote Access Trojan (RAT) “Cerberus,” was first identified during the end of June, superseding the Anubis Trojan and emerging as a major Malware-as-a-Service product. The rep...

Blockchain Australia disciplines ACX exchange over frozen crypto - Micky News Blockchain Australia disciplines ACX exchange over frozen crypto - Micky News Posted: 19 Feb 2020 12:00 AM PST Blockchain Australia has thrown troubled Melbourne exchange ACX.io out of the organization following a disciplinary process. The peak body for blockchain based businesses in Australia had come under fire for ACX's continuing membership, and the prominent display of the ACX logo on the site, even while exchanges users worry about the potential loss of more than a million dollars. ACX suspended withdrawals and deposits in January blaming a mystery audit. A notice on January 10 stated: "Dear ACX customers we are going through the audit process with ACX hot and cold wallet. During this time, the deposit and withdrawal functions will be temporarily disabled," a notice on the site says. A number of users report visiting the exchange'...