Crypto news

The popular blockchain analytics company, ChainAnalysis, recently posted a review of how 2019 related to previous years in terms of cryptocurrency exchange hacks. The data reveals an increased number of attacks, but less stolen money compared to 2018.More Cryptocurrency Hacks In 2019The report informs that hackers attempted the most amount of attacks against cryptocurrency exchanges last year. Eleven such efforts were made in 2019, while for comparison, there were only six in 2018. As per...

Binance Coin has seen an impressive 27.5% price hike this month, bringing it up to $16.83Against BTC, BNB rebounded from support at 0.00179 BTC at the start of 2020 to climb to the current 0.002 BTC level.Binance Coin has dropped a small 5% this week after meeting resistance at the 100-days EMA and rolling over.Key Support & Resistance LevelsBNB/USDSupport:  $16.80, $16.00, $15.60, $15.28.Resistance:$17.30, $18.09, $18.50, $19.71.BNB/BTC:Support: 0.00198 BTC, 0.00195 BTC, 0.00191...

Ethereum saw a decline of about 7%, bringing the price for the coin beneath $160.Against BTC, ETH dropped lower but managed to find support at 0.018 BTC to rebound back above 0.019 BTC.Ethereum is now testing support at $159 and will likely head toward $146 if it collapses beneath.Key Support & Resistance LevelsETH/USDSupport:  $158, $152, $145, $133.50.Resistance: $172,  $175, $180, $186, $194.ETH/BTC:Support: 0.0188 BTC, 0.0185 BTC,  0.0181 BTC, 0.0171 BTC.Resistance: 0.0195 BTC, 0.020...

The World Economic Forum (WEF) in Davos, Switzerland, ended yesterday with a significant mark on the cryptocurrency market. On the last day, WEF announced the first global consortium focused on designing a framework for the governance of digital currencies, including stablecoins.Global Consortium For Digital Currency GovernanceThe World Economic Forum for 2020 took place at Davos the past week, and cryptocurrencies received a lot of attention. Yesterday, during its last day, the Forum...

Even though Peter Schiff’s lost bitcoins saga has been resolved, for now, it continues to attract the attention of the cryptocurrency community.The CEO of Binance, Changpeng Zhao (CZ), recently noted that Schiff helps Bitcoin as his negativism will push people to do the opposite of what Schiff trying to express.CZ On Schiff’s Lost Bitcoin DramaSchiff’s recent issues with his lost bitcoins became viral in social media, where the cryptocurrency community reacted quickly by implying that his...

Negative rates are becoming exceedingly popular among central and local banks around the world, and the trend extends in Germany with the start of 2020. Amid this, Bitcoin’s pre-programmed inflation rate raises the question if it could serve as a full-on alternative.Simply put, having negative rates means that instead of receiving interest income on cash deposits, the banking institutions charge a fee for storing the money. The general idea is to incentivize banks to lend more funds freely,...

A new kind of bitcoin exchange-traded product (ETP) is available for enthusiasts and hardcore traders to enjoy. Switzerland-based venture Amun AG has unveiled its new 21Shares Short Bitcoin ETP set to be traded on the Swiss SIX Stock Exchange.Amun Has Set Its Sights on Predicting Bitcoin’s Next MoveThe Short Bitcoin ETP is a tracker that claims to monitor the “opposite performance” of bitcoin. In other words, wherever bitcoin is going at press time – either up or down – the product will...

Elon Musk is weighing in on cryptocurrency and bitcoin, and while he sees promise in the space, he doesn’t think it’s all it’s cracked up to be.Musk Is Split Down the MiddleThis is an attitude most enthusiasts and Twitter followers could likely expect from someone like Musk. While the man has played a role in the community, that role hasn’t been particularly significant, and his contributions have been more speculative than straight-up valuable at best.In a recent interview, he states that...

Across trading pairs, XRP is charting a loss of 1.24% at the moment.Against Us Dollar, XRP looks for a strong rebound level while captured in a falling wedge.Bearish bias may elapse beyond expectation if XRP fails to find support on channel pattern.XRP/USD: XRP Sharply Bounced Near $0.21 Support, Has the Correction Ended?Key Support Levels: $0.21, $0.20Key Resistance Levels: $0.23, $0.25XRP/USD Chart. Source: TradingViewSince our previous price analysis, Ripple’s XRP saw a lot of selling...

It looks like bitcoin is beginning to lose some of the momentum it first gathered at the beginning of the month.Bitcoin Is Traveling SouthThe world’s number one cryptocurrency by market cap is currently trading for just over $8,300. This marks a nasty fall from yesterday’s high $8,600 range, which it had managed to sustain for several days. To be fair, however, most of the cryptocurrency space is trading at dismal numbers, with entities like Ethereum, Ripple and Litecoin all having fallen by...