Virgil Griffith, the 36-year-old Singapore resident (and U.S. citizen) who was recently arrested for giving a seminar about blockchain and cryptocurrency in North Korea, allegedly said once that it would be really “cool” if the country learned how to mine ether tokens, according to an unnamed source who boasts “deep knowledge” of the matter.Did Griffith Want to Help North Korea Mine ETH?Griffith was arrested over the Thanksgiving holiday at Los Angeles International Airport (LAX) after he had...
Read More »Bakkt CEO Kelly Loeffler to Briefly Serve in Congress
Kelly Loeffler – the CEO of Bakkt, the institutional crypto trading platform owned and governed by the Intercontinental Exchange (ICE) – has been hired to take over a temporarily vacant Senate seat.Can Kelly Loeffler Push Crypto in Government?Many see this maneuver as a positive step and believe that perhaps crypto will now have a friend in the U.S. Congress. Bakkt was first announced in late 2018, but it took nearly a full year for the platform to get off the ground. After several months of...
Read More »59% Ethereum Nodes Unprepared Three Days before Scheduled Release of Istanbul Hard Fork
As per its earlier schedule, the Ethereum network shall be releasing its Istanbul hard fork three days from now on December 8. However, the interesting thing is that a majority of the nodes on Ethereum are unprepared for this.Frankly, this news is a bit shocking to the Ethereum community. It is found that nearly 60% of the Ethereum clients have not been moved to the latest version that is compatible with the Istanbul Hard Fork. As per the Ethernodes analytical tool, just 40% of the active...
Read More »Enjin (ENJ) Surges 60% Following Partnership With Microsoft
Enjin Coin surged 60% today after a successful partnership announcement with Microsoft.ENJ broke above the 1000 SAT level and looks to continue.Enjin is now ranked as the 72nd top cryptocurrency with a market cap of $50 million.Enjin Partners Up With MicrosoftMicrosoft and Enjin have teamed up to create Azure Heroes – a project that rewards contributors to the community for posting content, creating demos, building sample code, and blogging about Azure.Creators are nominated and receive a...
Read More »Ethereum Price Analysis: Can ETH Finally Break Above $150?
Ethereum saw a small increase of 1% as it attempted to regain ground back above $150.ETH is poised to break beneath the 2-month long symmetrical triangle.The bulls must break above $158 to start a short term bull run.Key Support & Resistance LevelsETH/USDSupport: $145, $140, $133.50Resistance: $158.60, $165, $175, $185.ETH/BTC:Support: 0.01966 BTC, 0.019 BTC, 0.01850 BTCResistance: 0.020 BTC, 0.021 BTC, 0.0215 BTC, 0.0223 BTCETH/USD: The Downtrend Seems To Continue Since our last...
Read More »Bitcoin Price & Technical Analysis: BTC Stopped Falling But for How Long?
By Dmitriy Gurkovskiy, Chief Analyst at RoboForex.Tech analysis of BTC/USDBitcoins worth 313 million USD were withdrawn through Bittrex.The SIX platform has added a derivative on the BTCOn W1, the Bitcoin continues the descending tendency inside the previous channel and has already reached 61.8% fibo. The next downside target may be 76.0% fibo at $5710.00 and the long-term low at $3121.90. the resistance is close to 38.2% fibo at $9760.00.On the MACD and Stochastic, the MACD histogram remains...
Read More »Bitcoin Forex Brokers: Things You Should Know
Nowadays, everyone knows what Bitcoin is. In fact, more and more people learn about cryptocurrencies overall – and not only about the biggest one out there. As a result, many individuals want to take advantage of this new type of currency.Even if cryptocurrencies have been here for a while, people only now understand how beneficial they can be to their finances, especially in terms of trading. Therefore, they started looking for forex brokers that trade in Bitcoin as well.However, there are a...
Read More »Market Sentiments Weighed on Ethereum: Microsoft News and China’s Crypto Inclination
Microsoft and the blockchain gaming company Enjin have launched a new tokenized rewards program that depends on Ethereum, Azure Heroes and is running the plan in few nations in Western Europe. The Seattle-based technology colossus has printed about 12,000 non-expendable “badger” tokens using the ERC-1155 Ethereum token standard, initially proposed by Enjin‘s co-founder Witek Radomski.Although Microsoft is related to some blockchain companies given the most recent statement, the company,...
Read More »Bitcoin Sets New $9 Billion Record for Hourly Transaction Volume
Yesterday, December 4, turned out to be a very interesting day for Bitcoin as the network broke a new record and hit its biggest hourly USD transaction volume in all of Bitcoin’s existence. An increase in the volume of transactions on any network is usually regarded as a big deal because more often than not, it shows that there is some progress with adoption. However, this case is very different.The news was made known in a tweet by Rafael Schultze-Kraft, the cofounder of on-chain market...
Read More »Peter Schiff Says ‘It’s Game Over for Bitcoin’ After Epic Pump and Dump; Crypto Twitter Laughs
Wednesday’s volatility liquidated over $76 million bitcoin longs and shorts in a span of a few hours.Peter Schiff was quick to criticize the price fluctuation and hinted that the top cryptocurrency is on its way down.The Crypto Twitter community had a field day as members replied with creative memes to make fun of the aging gold bug’s tweet.Many bitcoin traders were victims of a vicious move on Wednesday after the top cryptocurrency pumped and dumped in a matter of hours. From an intraday...
Read More »