CryptoDaily

2020 is the year that blockchain technology is finally being used by a variety of sports teams and organizations from Cointelegraph.com News https://ift.tt/2I9Gspi via IFTTT

Security expert backs BCH following $30-million hack: “BCH is based on the same principles as BTC. The most vulnerable element is still a human.” from Cointelegraph.com News https://ift.tt/389PsFB via IFTTT

Crypto analysts Ian Balina and Naeem Aslam think that the bull trend is yet to kick-off, despite believing the halving is already priced in from Cointelegraph.com News https://ift.tt/2Tpif3z via IFTTT

Coronavirus keeps marching on the planet, drug dealers lose millions of dollars in BTC, while Tyler Winklevoss experiences his “Bitcoin pizza moment.” Check the bad crypto news of the past week from Cointelegraph.com News https://ift.tt/2TtEpSa via IFTTT

Crashing equities markets catalyzed Bitcoin’s selloff after the asset lost the $9.4K support but will the 21-WMA hold as support? from Cointelegraph.com News https://ift.tt/2I4cAL6 via IFTTT

26 crypto exchange and wallet apps, including Binance, Coinbase, and Xapo, are being targeted by three popular remote access Trojans from Cointelegraph.com News https://ift.tt/387P8qL via IFTTT

Billionaire investor and founder of Elliott Management Corp, Paul Singer, reportedly wants to replace Jack Dorsey as CEO of Twitter. Elliott Management To Replace Jack Dorsey? After Elliott Management took a notable stake in Twitter, the investment company is pushing for several changes, according to a Bloomberg report . One of the alterations includes the replacement of the current Chief Executive Officer, Jack Dorsey. According to people familiar with the matter, Elliott has approached the San Francisco-based Twitter privately. Aside from being a CEO at the social media giant, Dorsey simultaneously serves in the same position at the financial service company – Square. Elliott Management believes that his attention is split between the two firms. Additionally, Dorsey has previously declared that he wants to work up to six months per year in Africa. Therefore, Elliott reportedly claimed that Twitter is falling behind on innovations, unlike other social media platforms. With the ap...

Malta’s financial regulator distanced itself from Binance soon after the new prime minister stepped into office. Is it still the “blockchain island” it has claimed to be? from Cointelegraph.com News https://ift.tt/2wjtJ0U via IFTTT

Major Twitter investor Elliott Management urges replacement of Jack Dorsey as CEO from Cointelegraph.com News https://ift.tt/3chtq76 via IFTTT

Wilshire Phoenix has taken aim at the SEC for rejecting its Bitcoin ETF, arguing that a regulated product would offer US investors a safer way to access exposure to crypto from Cointelegraph.com News https://ift.tt/2I3H0x2 via IFTTT

Etheruem is attempting to rebound from support at $220 as the previous price decline stalls. The cryptocurrency is supported by the .5 Fib Retracement at $220. Against Bitcoin, Ethereum bounced higher after reaching the 0.025 BTC support. Key Support & Resistance Levels ETH/USD: Support: $220, $210, $205. Resistance: $225, $240, $250. ETH/BTC: Support: 0.0256 BTC, 0.025 BTC, 0.0242 BTC. Resistance: 0.027 BTC, 0.0278 BTC, 0.0288 BTC. ETH/USD: Bulls Continue Battle To Defend $220. Since our last analysis, Ethereum continued to fall beneath the support at $240 (.382 Fib Retracement) as it dropped further lower into the $220 support, provided by the .5 Fib Retracement. The cryptocurrency declined to as low as $210 but found support at a rising trend line. ETH is still in a neutral trading condition but a fall beneath the $200 level would certainly turn ETH bearish. ETH/USD. Source: TradingView Ethereum Short Term Price Prediction If the sellers push ETH beneath $225 ...

Layer1 is not the only mining company to launch flagship facilities in Texas, with Bitmain and Northern Bitcoin vying for their Texas-based operations to be the largest worldwide from Cointelegraph.com News https://ift.tt/398StHu via IFTTT

In an escalating data breach, Digitex has seen some of its customers’ KYC data leaked on Telegram from Cointelegraph.com News https://ift.tt/3aeVENV via IFTTT

Gold follows Bitcoin and traditional markets in plummeting fast at the hands of ongoing coronavirus panic from Cointelegraph.com News https://ift.tt/2PzblaY via IFTTT

The Crypto Fear and Greed index suggests Bitcoin is approaching a buy zone but volatility from traditional markets may undermine investor confidence from Cointelegraph.com News https://ift.tt/2Vy3HS8 via IFTTT

Blockchain and cryptocurrencies expanded their presence and usage in 2019, says JP Morgan. The giant American multinational investment bank filed a comprehensive report regarding the performance of the technology and digital assets in 2019. Bitcoin Adoption Two years after the bank’s CEO, Jamie Dimon regretted calling Bitcoin a “fraud,” JPM issued a 74-page document that involves the largest cryptocurrency. Among the discussed topics, the report outlines Bitcoin’s developments in terms of attracting more institutional investors. JPM’s paper referred to regulated establishments such as the Chicago Mercantile Exchange and the ICE’s Bakkt. It concluded that the interest in CME grew significantly in 2019. Indeed, as Cryptopotato recently reported , the Chicago-based Bitcoin exchange continues to increase its daily trading volume. However, the report indicates that Bakkt’s options platform hasn’t reached its full potential yet: “While the ICE and Bakkt launch represented the advent...

Currency, money, digital gold? The industry takes a jab at categorizing Bitcoin as the halving approaches from Cointelegraph.com News https://ift.tt/2wSo7e1 via IFTTT

Google Chrome and Firefox rival Brave browser now allows users to check pages that were removed from the web from Cointelegraph.com News https://ift.tt/2PwX3Yc via IFTTT

The compromised reputation of the crypto industry is the main obstacle for the banking sector’s integration into the space from Cointelegraph.com News https://ift.tt/2PuNskD via IFTTT

Traditional markets are in meltdown but long-term Bitcoin price forecasts remain intact as the halving nears from Cointelegraph.com News https://ift.tt/3aaLoq0 via IFTTT

Tether states that the market manipulation accusations are “reckless and false” from Cointelegraph.com News https://ift.tt/2Vw0tP2 via IFTTT

Ukrainian government’s recent manifesto led many experts to believe that the industry is all set to boom in the near future from Cointelegraph.com News https://ift.tt/39bN2HK via IFTTT

Bitcoin Bitcoin dropped by a total of 11% over the past week as the cryptocurrency broke beneath previous support at $9,550 and plummetted beneath support at $9,000. It continued to decline until reaching the current support at the 200-days EMA, which is bolstered by the .5 Fib Retracement at around $8,600. The momentum is certainly on the bearish side, and we should continue to expect further declines this week within the market.  Once the rising trend line is broken, support is found at the downside 1.618 Fibonacci Extension level priced at $8,550. This is followed by support at $8,400, $8,250, and $8,200 (.618 Fib Retracement). If it continues beneath this, added support lies at $8,100 (downside 1.272 Fib Extension), $8,000, and $7,900. Toward the upside, resistance lies at $8,800 and $9,000. Above $9,000, resistance lies at $9,150 and $9,400. BTC/USD. Source: TradingView Ethereum  The Bitcoin price decline also caused a major downturn in Ethereum as it dropped by 1...

Just five days ago, Bitcoin was trading for more than $10,000 per coin. As the coronavirus fears hit the stock markets, Bitcoin is not left behind. The coin had completed $1000 drop in just three days, and over the past two days, Bitcoin had continued its decline towards the $8400 – $8500 horizontal support. The latter was mentioned here on the previous BTC price analysis from two days ago. Looking at the daily timeframe, we can see that Bitcoin was testing the $8770 – $8800 zone for the past days, despite a flash drop to $8520 (on Bitstamp). The $8800 support turned resistance contains the significant 200-days moving average line (marked light green on the following chart). So far, the daily candles of Wednesday and Thursday closed above the MA-200 line. However, today is very likely to be the first daily close below the line since January 27, 2020. Looking at the bigger picture, which is the weekly time-frame, we can see a significant level of support around the $8000 mark, which...

The Litecoin Foundation hopes to drive LTC adoption in Asia through the new partnership with MeconCash from Cointelegraph.com News https://ift.tt/2T5i3Yu via IFTTT

As of today, users are automatically redirected from Line’s Singapore exchange BitBox to the new BitFront platform from Cointelegraph.com News https://ift.tt/2PxxKWi via IFTTT

KLM Royal Dutch Airlines is applying R3’s Corda to facilitate intercompany settlements from Cointelegraph.com News https://ift.tt/3cgseRv via IFTTT

The bloodbath on the traditional financial markets continues. While the S&P 500 continues to plunge, the interesting thing about the recent declines is that they were quick and violent. In fact, reports have it that the S&p 500 staged its quickest correction in history. Global Markets Continue To Tumble Global financial markets continue to suffer as the prices for the major indexes doesn’t seem to stop going down. Right off the bat, the S&P 500 is down 4.42% in yesterday’s trading session. According to a recent report , the total losses of the index amount to more than 10%, hence marking the quickest 10% decline from an all-time high in the index’s history. The S&P 500 is not the only global index that bleeds out. Nasdaq 100 is down 4.93% in the intraday, currently standing at 8436.67 points. The Dow Jones Industrial Average (DJI) is also down 4.42% in yesterday’s session. And if that’s not enough, Nasdaq 100’s futures contract projects another 0.8% drop at the time...

Bitfinex and OKEx were hit by DDoS almost simultaneously from Cointelegraph.com News https://ift.tt/2PuNHfS via IFTTT

Top HR firm Randstad has adopted a smart contracts blockchain platform to streamline its workflow from Cointelegraph.com News https://ift.tt/2PxVKZd via IFTTT

A Philippine crypto regulator is accused of misappropriating funds and funneling them into his family members’ electoral campaigns from Cointelegraph.com News https://ift.tt/2HZIMzc via IFTTT

The Fed may bring short-term rate under 1% this year, traders are betting as coronavirus continues its spread from Cointelegraph.com News https://ift.tt/2HZKRv8 via IFTTT

Bitcoin’s correlations with gold and the traditional financial markets have been challenged in the past several days. However, some members of the community believe that it needs to separate itself entirely to continue growing. Bitcoin Compared To Gold And Stocks The largest cryptocurrency has a compelling history when compared to other assets. For instance, it has a few examples of negative correlations with the traditional stock market. During the most intense days of the U.S. – China Trade War, most stocks were plummeting , and BTC was surging. On the other hand, Bitcoin has generally stayed in the same lane as gold. When the tension between Iran and the U.S. was at its highest point in January 2020, both assets increased their value. Interestingly, stocks took a hit at that point again. The past several days have been somewhat different. The coronavirus is expanding with confirmed cases coming from South Korea, Japan, Italy, the U.S., and more. Stock markets continue to bleed ...

The popular cryptocurrency exchange, Bitfinex, has gone under sudden unscheduled maintenance. As the price of Bitcoin continues to struggle at around $8,700, the exchange suspects that it might be undergoing a DDoS attack. Bitfinex Goes Down Bitfinex is arguably one of the most popular cryptocurrency exchanges. According to an official release on their website , as well as an announcement on their Twitter page, the exchange is currently “under maintenance.” We are investigating what seems like a distributed denial-of-service (DDoS) attack. We will keep everyone updated on here and our status page https://t.co/u3pYCVVGQq as we know more. — Bitfinex (@bitfinex) February 28, 2020 Per the information currently available, the exchange might be put through a DDoS attack. This stands for a distributed denial-of-service. It is a malicious attempt from an outside party to disrupt the normal traffic of a targeted server, service, or network. This is done by overwhelming the target or, ...