Crypto news

After losing $35 on Tuesday, Bitcoin Cash slowly bounced back to about $256.Against Bitcoin, it is trading nicely above 0.026 BTC following a recovery from a four-week low.The mid-term target for BCH lies at 495 if it successfully breaks above the crucial $280 level.BCH/USD: BCH Charging Towards Key Resistance AgainKey Support Levels: $266, $281, $352Key Resistance Levels: $235, $222, $200BCH/USD. Source: TradingViewFew minutes after our previous analysis on Tuesday, Bitcoin Cash lost almost...

According to the Russian-based cybersecurity firm Kaspersky, the first three months of 2020 have seen an increased number of cryptojacking of computers for cryptocurrency mining.A report from the company said that the highest percentage surge had been spotted in South-east Asia.Cryptojacking Attempts On The RiseThe term cryptojacking is used when an attacker gains unauthorized access to a computer or mobile device to mine (or mint) cryptocurrencies. Typically, the perpetrator plants a...

Cryptocurrency intelligence company tracking crimes involving digital assets – CipherTrace – said in its latest report that crypto thefts, hacks, and frauds totaled $1.4 billion in the first five months of 2020.Cryptocurrency exchanges are becoming more aware of illegal funds coming from crimes and are implementing successful countermeasures, the firm added.$1.4B Worth Of Frauds In 2020 So FarAccording to the paper dubbed Spring 2020 Cryptocurrency Anti-Money Laundering and Crime Report, the...

June started very violently for Bitcoin. On the first day of the month of June, the primary cryptocurrency recorded a 3-month high after touching the $10,500 resistance mark.However, the drop was even quicker, as Bitcoin price saw a free-fall to $9135 on Bitstamp, and even lower on BitMEX exchange.Over the past days, the volatility had decreased, along with the declining amount of trading volume. Keeping in mind also the RSI indicator, which is also indecisive around the 50-neutral area.All...

Poloniex exchange has announced Binance Coin (BNB) & Binance USD (BUSD) stablecoin to be available for trading on the veteran exchange.As of writing these lines, BNB & BUSD wallets are now open for deposits, and users can trade BNB/USDT, BNB/TRX, BUSD/USDT, BNB/BUSD, BTC/BUSD, and BTC/BNB. Notably, this will be the first BNB/TRX pair outside of Binance. Did anyone say Justin Sun?BUSD and BNB’s Rise In PopularityBUSD is a Price-stable, USD-pegged digital asset that was launched in...

Recently, it was reported that the bitcoin price briefly rose above $10K, only to lose about $600 just a few moments later. It appears this move has had monster-sized effect on BitMEX, a trading exchange based in Seychelles in Africa.BitMEX Sees Heavy Buy Liquidations Following the BTC SpikeThis move ultimately caused approximately $133 million of buy liquidations on the trading platform. This is the highest number since October of last year. Buy liquidations occur when those taking part in a...

Bloomberg is predicting that the rest of the year for bitcoin will be quite solid.Bloomberg: BTC Should Keep on SpikingThe publication has issued a report stating that something would need to go “really wrong” for bitcoin to come crashing down the way it did in 2018. While the world of bitcoin is always very up and down, and it’s nearly impossible to predict what will happen, exactly, Bloomberg is confident that the currency is going to reach new highs by the time 2020 is ready to say...

To say that this week has been a wild ride is definitely an understatement. Bitcoin’s price went nuts and kept everyone on edge. In the span of 24 hours, BTC went to surge from $9,400 to almost $10,500 and then back to $9,400 and even lower down to $8,600 on BitMEX. This whole ordeal saw an insane amount of both short and long positions getting liquidated.Interestingly enough, all of this comes as the legacy markets are flying. The S&P 500 is up almost 6% this week alone, while Nasdaq 100...

For all the positive remarks and predictions that have emerged as of late for bitcoin, one figure is suggesting that the currency is about to come crashing down within the next two years. Crypto trader and analyst “Crypto Whale” on Twitter announced that he sees the asset’s price falling to a measly $2,000 by the end of the year.Crypto Whale: The End of 2020 Won’t Be Good for BTCCrypto Whale has introduced his followers to what he’s calling the Fermions Flow (FF) Whale Model, which allegedly...

Recently released court documents from the ongoing Ira Kleiman vs. Craig Wright trial reveal the self-proclaimed inventor of Bitcoin may also have invented an early prototype of the iPhone.In Craig Wright’s legal deposition from March 16, 2020 – released June 2 – the self-titled Satoshi Nakamoto told the opposition counsel he had used an iPhone as early as 2006. The trouble is, the first iPhone wasn’t released until June 2007.The line of questioning related to email correspondence between...