Crypto Market Wipes Out $8B, Bitcoin Cash Down 24.4% in 1 Week

Twitter Facebook LinkedIn Over the past 12 hours, more than $8 billion was wiped out from the crypto market, as several major digital assets including Bitcoin Cash (BCH) and Stellar (XLM) suffered. For the first time in the past ten days, the price of BCH has dropped below the $500 mark to $480. Within the past week, after securing a monthly high at $630, BCH has dropped by more than 24.4 percent. What’s Happening to Bitcoin Cash? Prior to a hard fork, especially a contentious hard fork in which a…

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Bitcoin Price Charts ‘Death Cross’ In First Since 2014

Bitcoin’s (BTC) price woes may not be over just yet, as a key technical indicator is about to turn bearish for the first time in four years. On the three-day chart, the 50-candle simple moving average (SMA) looks set to cut the 200-candle SMA from above, confirming what is popularly known as the “death cross.” This specific bearish crossover was last seen in December 2014. The onset of a death cross can be a warning that a bear market is looming, according to technical theory. In reality, however, it is…

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McAfee Labs Warns Over New Russian Monero Cryptojacking Malware ‘WebCobra’

Internet security provider and research lab McAfee Labs has uncovered new malware which secretly uses consumer devices to mine Monero (XMR), a blog post confirmed Nov. 12. Dubbed “WebCobra” and originating from Russia, the latest threat downloads one of two mining clients and uses the processor power of an infected device to generate coins for the perpetrators. Displaying the more “classic” behavior of so-called “cryptojacker” malware, WebCobra runs almost without a trace, McAfee Labs says, the only noticeable difference for the end user being reduced hardware performance. “Coin mining malware…

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Bitcoin Price Watch: BTC/USD Remains Sell On Rallies Near 100 SMA

Key Points Bitcoin price declined further and traded below the $6,275 support level against the US Dollar. There are two bearish trend lines formed with resistance at $6,300 and $6,340 on the hourly chart of the BTC/USD pair (data feed from Kraken). The price remains at a risk of more losses below the $6,250 support in the near term. Bitcoin price is placed in a bearish zone against the US Dollar. BTC/USD could recover, but upsides are likely to be capped around the $6,340 level. Bitcoin Price Analysis During the…

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Australia’s Science Agency & Commonwealth Bank Trial Blockchain ‘Smart Money’

Twitter Facebook LinkedIn A trial conducted by the Commonwealth Bank of Australia and the Data61 unit of the Commonwealth Scientific and Industrial Research Organisation (CSIRO) has proven that blockchain-powered smart money possesses immense social and economic benefits for Australia’s insurance scheme for persons living with disabilities. In the proof of concept, it was demonstrated that participants in Australia’s National Disability Insurance Scheme (NDIS) benefited from increased choice and control using the smart money that they accessed via a prototype app. Not only were administrative costs reduced but the risk of…

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Ripple Price Analysis: XRP/USD Sellers In Control Below $0.5200

Key Highlights Ripple price declined recently and tested the $0.5000 support area against the US dollar. There is a major bearish trend line in place with resistance at $0.5120 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair is currently under pressure below the $0.5120 and $0.5200 resistance levels. Ripple price is struggling to gain bullish momentum against the US Dollar and Bitcoin. XRP/USD may continue to consolidate below $0.5200 for the next few sessions. Ripple Price Analysis After testing the $0.5200 resistance, ripple price…

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$3 Billion Deleted From Crypto Market as Big Digital Assets Perform Poorly

Twitter Facebook LinkedIn Over the last 24 hours, the crypto market has seen a drop of $3 billion from $212 billion to $209 billion, as major cryptocurrencies including Stellar (XLM) and Cardano (ADA) have fallen by 3 to 6 percent. Peculiarly, Stellar and Cardano are amongst three cryptocurrencies alongside Zcash that are expected to be integrated into Coinbase, the world’s fourth-largest fiat-to-crypto exchange behind Bitfinex, Bithumb, and Upbit. Why are Stellar and Cardano Falling? Prior to their listing, Basic Attention Token (BAT) and 0x (ZRX) recorded gains in the range…

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Cardano Price Analysis: ADA/USD Could Extend Declines To $0.072

Key Highlights ADA price failed to stay above the $0.0760 support and extended losses against the US Dollar (tethered). There was a break below a key bullish trend line with support at $0.0760 on the hourly chart of the ADA/USD pair (data feed via Bittrex). The pair may perhaps continue to move down towards the $0.0730 or $0.0720 support. Cardano price is slowly moving lower against the US Dollar and Bitcoin. ADA/USD could accelerate declines towards the $0.0720 support in the near term. Cardano Price Analysis Recently, cardano price settled…

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Ethereum Price Analysis: ETH/USD Extends Losses, $200 Holds Key

Key Highlights ETH price declined further and broke the important $206 support against the US Dollar. This week’s followed key bearish trend line is still in place with resistance at $208 on the hourly chart of ETH/USD (data feed via Kraken). The pair is under pressure below $208 and $206, which could result in more losses in the near term. Ethereum price extended losses against the US Dollar and bitcoin. ETH/USD could continue to move down towards the $200 or $198 support level. Ethereum Price Analysis During the past three…

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Blockchain Wunderkinds Headline Forbes 30-Under-30 List

Twitter Facebook LinkedIn The blockchain and cryptocurrency ecosystem is well represented in this year’s Forbes 30-Under-30 list, with four young founders and CEOs aged between 25 and 28 featured for their work on crypto finance, blockchain scaling and crypto asset management. Olaoluwa Osuntokun (25), Nader Al-Naji (26), JB Rubinovitz (26) and Hunter Horsley (28) have made their debut on this year’s list after applying blockchain technology to solve real world problems through their various startups. Disrupting Economic Instability and Scaling Bitcoin Olaoluwa Osuntokun is featured this year because of his…

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