Ripple Price Analysis: Can XRP/USD Break $0.50?

Key Highlights Ripple price failed to recover and extended its decline towards the $0.50 level against the US dollar. There is a major bearish trend line forming with resistance near $0.5300 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair must break the $0.53 resistance and move higher to avoid more losses in the near term. Ripple price was not able to recover yesterday against the US Dollar and Bitcoin. XRP/USD crashed and almost tested the $0.50 support zone. Ripple Price Upside Hurdle There was…

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Tron (TRX) Price Watch: Updated Potential Correction Levels

Tron Price Key Highlights Tron continues to trend lower and has dipped back to the descending channel support on the 4-hour chart. A bounce could take it up to the Fibonacci retracement levels before the drop resumes. Moving averages suggest further declines while oscillators signal a potential rally. Tron could be in for a pullback to the Fib levels near the descending channel top while oscillators climb higher. Technical Indicators Signals The 100 SMA is below the longer-term 200 SMA to confirm that the path of least resistance is to…

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Irish Leader Talks Blockchain, Making Dublin Europe’s Tech Capital

Get exclusive fiat and cryptocurrency analysis on Hacked.com for just $39 per month. Click here now! The leader of Ireland, Taoiseach Leo Varadkar, took to the stage at MoneyConf in Dublin this morning to announce that the government is gearing up to make Ireland’s capital the technological capital of Europe. “I think there’s no better place to discuss issues like cybersecurity, blockchain, cryptocurrencies, AI, regulation, and future fintech than here in Ireland, he said, adding: “Ireland is in some ways emblematic of the revolutionary changes that have taken place in the world of finance…

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Sell-Off Over? Bitcoin’s RSI Just Hit Its Lowest Level Since 2016

Signs are beginning to emerge that bitcoin’s sell-off today may be overextended. After hitting a 70-day low of $6,133 on CoinDesk’s Bitcoin Price Index (BPI), bitcoin’s relative strength index (RSI) hit a level (26.4) last seen in August of 2016, according to data from the Bitfinex exchange. The relative strength index, or RSI, is used for identifying overbought and oversold conditions of an asset by “comparing the magnitude of recent gains and losses over a specified time period to measure speed and change of price.” When such levels are hit, the indicator…

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5 Percent of Monero in Circulation Was Mined Through Malware, Research Finds

A June 11 report by network and enterprise security company Palo Alto Networks has found that around 5 percent of all Monero (XMR) in circulation was mined maliciously. According to the research, the mining has been done via cryptojacking, the practice of using other users’ computers’ processing power to mine for cryptocurrencies without the owners’ permission. Josh Grunzweig of the Unit 42 threat research team collected data – around 470,000 unique samples – on how many cryptojacking miners have been identified within the Palo Alto Network WildFire platform. The report…

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Coinbase’s New Index Fund for Investors Is Now Live

Coinbase has formally launched a new index fund product aimed at large investors. Announced Wednesday in a blog post by product lead Rueben Bramanathan, the Coinbase Index Fund is now “open for investments” with a minimum required investment of $250,000. The fund will give investors access to all of the assets currently listed on Coinbase, which at present include bitcoin, bitcoin cash, ethereum, litecoin and now ethereum classic. The assets will be weighted by their market capitalization, according to the post. Further, more assets can be added if Coinbase lists them…

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Thomson Reuters Adds Sentiment Data Tracking of 100 Top Cryptocurrencies

Canadian mass media and information company Thomson Reuters will now be tracking the top 100 currencies in its sentiment data tool. The necessary data will be provided via a partnership with MarketPsych Data LLC, according to a WebWire press release published Wednesday, June 13. In March, Thomson Reuters had added a Bitcoin (BTC) sentiment data feed to its MarketPsych Indices (TRMI), getting data by scanning more than 400 news and media sites related to cryptocurrencies. The new TMRI Cryptocurrency Sentiment package (TRMI 3.1) will monitor over 2,000 news and 800…

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Misconfigured Ethereum Clients Have Resulted in Hack of Around $20 Mln

About $20 mln worth of Ethereum have reportedly been stolen by a group of hackers, exploiting misconfigured Ethereum clients, according to a Bleeping Computer article published June 11. The hackers were able access applications using the Ethereum software which configured their interface to expose a Remote Procedure Call (RPC). The RPC interface allows third parties to query, interact with, and retrieve data from the Ethereum-based service, meaning those with access could get private keys, see the owner’s personal information, and even move funds. While most apps disable this interface by…

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Bitcoin Price was Manipulated by Tether, Researchers Claim

Get exclusive fiat and cryptocurrency analysis on Hacked.com for just $39 per month. Click here now! Market manipulators used Tether’s USDT token to artificially inflate the bitcoin price during 2017’s prolonged bull run. That’s according to explosive new research from University of Texas finance processors John Griffin and Amin Shams, best known for identifying suspicious activity in the VIX last year. Writing in a 66-page report titled “Is Bitcoin Really Un-Tethered?,” Griffin and Shams argue that tether, a “stablecoin” that is allegedly backed by USD at a 1:1 ratio, has…

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Bitcoin in Its Dark Hours Still More Popular Than Beyonce

Google searches for Bitcoin have reportedly declined 75 percent through 2018, yet the leading cryptocurrency is still outstripping the famous pop-star Beyonce on Google Trends, CNBC reported Tuesday, June 12th. Bitcoin analyst Brian Kelly told CNBC’s ‘Futures Now’ that only during her Coachella music festival performance this April did the megastar briefly eclipse Bitcoin (BTC) in terms of internet search popularity this year. Popularity of search terms “Beyonce” and “Bitcoin.” Source: Google Trends Kelly more broadly weighed in on June’s undeniably bearish crypto markets, highlighting some key levels to watch…

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