Crypto news

In a recent online seminar, Ernst & Young – one of the Big Four accounting firms across the globe – just explained to all its viewers and listeners how it wants to empower financial ventures and other businesses with the Ethereum blockchain.Ethereum Has a Lot to OfferEthereum is the second largest cryptocurrency in the world. It is one of the primary competitors to bitcoin, but is also still relatively new, having emerged in 2015. Thus, it is younger than Litecoin, which emerged following...

Everybody keeps making such a big deal about how volatile bitcoin has been this year, but the fact is that it’s held up quite well in comparison to many other assets and commodities… including oil.Bitcoin Is Stronger Than Oil Right NowAs we all remember, oil experienced a serious drop last Monday. An expiring futures contract went negative and brought oil prices down below zero for the first time in the industry’s history. This was made even more drastic in the sense that many traders appear...

No doubt, bitcoin has had a very up-and-down year. It initially began in the low $7,000 range – where it ended 2019 – before falling into a high $6,000 position.Bitcoin Is Going to Hit It BigFrom there, political tension between the U.S. and Iran brought the currency to $7,000 all over again, and the currency continued to spike from there. It wasn’t until the coronavirus pandemic struck every global market in early March that the currency began exhibiting bearish behavior. It struck the...

The partnership between TRON and the technology giant Samsung continues to reap benefits. As of today, the popular blockchain company with have a dedicated section in the Samsung Galaxy Store, featuring applications built on top of the TRON network.TRON Apps On Samsung Galaxy StoreBack in 2019, both firms announced the initial partnership agreement when Samsung’s Blockchain Keystore integrated TRON. Earlier today, the latter informed that it had become the first blockchain project to have a...

The Slovak cybersecurity firm ESET has identified and taken down at least a part of a cryptocurrency-mining botnet dubbed VictoryGate. The previously undocumented botnet has been active for almost a year and had supposedly infected more than 35,000 computers.Crypto-Mining Botnet Malicious EndeavorsIn its recent press release, the Bratislava-headquartered internet security company announced working together with the nonprofit Shadowserver Foundation to discover and disrupt “at least a portion...

XRP saw a small 0.4% price hike over the past 24 hours as it continues to edge its way toward $0.20.The coin rebounded from support at $0.18 last week as it bounced from a rising trend line.Against Bitcoin, XRP has been falling throughout April and recently dropped into the 2550 SAT level.Key Support & Resistance LevelsXRP/USD:Support: $0.191, $0.18, $0.171.Resistance: $0.2, $0.206, $0.218.XRP/BTC:Support: 2550 SAT, 2510 SAT, 2500 SAT.Resistance: 2600 SAT, 2650 SAT, 2710 SAT.XRP/USD:...

Binance, the world’s largest cryptocurrency exchange by trade volume, is unrelenting in its rapid expansion drive in the crypto industry. The exchange has officially launched a crypto mining platform dubbed “Binance Pool,” a move that will likely challenge top mining pools in the industry.Binance CEO Changpeng Zhao (CZ) shared updates about the new mining platform last week Friday, saying that the Binance Pool has been launched in a closed-beta phase with its first block of Bitcoin already...

DigiByte caught the public’s attention in April as its price increased by as much as 300% throughout the month. However, a recent report indicates that an unknown entity has begun monopolizing two pools of DigiByte’s five consensus algorithms and that it could, theoretically, pull off a 51% attack on the network relatively easy.DigiByte’s Reported VulnerabilityAccording to a detailed analysis posted on Reddit, an unknown entity is using superior mining hardware and is beginning to monopolize...

The leading digital asset management company, Grayscale Investments, has purchased nearly 50% of all mined ethers in 2020.The firm outlined the increased interest from institutional investors, hinting that the upcoming Ethereum 2.0 could be the reason behind both.Grayscale On ETH Buying SpreeNew information on the matter indicated that the total number of ETHs mined from the start of 2020 to April 24th was 1,563,245.875.At the same time, the Grayscale Investments Ethereum Trust (ETHE) had...

Stellar lumen price is up more than 10% and it broke the $0.0600 resistance area against the US Dollar.XLM price traded to a new monthly high at $0.0661 and it is currently consolidating gains.There is a short term contracting triangle forming with support near $0.0610 on the 4-hours chart (data feed via Kraken).The pair could correct further lower towards the $0.0575 support and the 55 simple moving average (4-hours).Stellar lumen price is showing many bullish signs against the US Dollar and...