Crypto news

The official Monero website has been hacked and versions of its downloadable Command Line Interface (CLI) software have been infected with XMR-stealing malware.A security warning was sent out on Twitter alerting users that “CLI binaries available on http://getmonero.org may have been compromised at some point during the last 24h. Investigations ongoing.”#Monero Security Warning:CLI binaries available on https://t.co/UYopePqqdo may have been compromised at some point during the last 24h....

Euro Pacific Capital CEO Peter Schiff seems to think that bitcoin is likely to crash soon thanks to the downfall of marijuana stocks.Schiff: Cannabis Falls, So Bitcoin FallsSchiff explained his bearish sentiment in a tweet, writing:Many of the speculators who were buying pot stocks were also buying #bitcoin. With heavy losses in the former, perhaps they will look to realize some gains on the latter or mitigate their losses before the bottom drops out of the crypto market, too.This is one such...

This week the market was shuffling down and traded in the red. It could be because of the Chinese trying to soothe the hype created around blockchain. They are currently trying to focus on the distinction between Bitcoin and cryptocurrency market and the blockchain technology. Bitcoin’s downturn to the $8,000 area is driving the market’s reaction as the trade volume declines and the fear index rises. Despite the bearish momentum, some altcoins were in the green. Fusion, for example, surged by...

If bitcoin follows historical trends, it could tip $1 million by February 1st 2028. Based on extrapolating Timothy Peterson’s ‘never look back’ chart which tracks bitcoin’s lower troughs. The chart echoes Plan B’s ‘stock to flow’ model which puts BTC at $1 million near the end of the next decade. Plenty of analysts have predicted a million-dollar bitcoin. But few have targeted such a specific date. By analyzing historical bitcoin price action, however, it’s estimated that BTC could hit $1...

BitcoinThis week the trend is clearly bearish. Bitcoin price lost support at $8,500 and it corrected to the area around $8,000. If support here fails, the price could continue going down to $7,450. The attempts to break up from the downward trend should also be considered. The resistance is at $8,200. Previously, the support line that we marked in October was broken and it was quite sharp. The targets are based on previous breakouts of this trend.EthereumAgainst the USD, ETH lost support at...

A widely-followed economist says suppressing bitcoin price can kill the cryptocurrency. Research supports this assessment as retail traders still dominate the market share. The strong correlation between bitcoin and Google searches point to the vulnerability of retail traders to price manipulation. Alex Kruger, an economist and trader, took to Twitter to share his thoughts on how anyone can eliminate bitcoin for good. While tech specialists might invest a ton of cash to control 51% of the...

Bitcoin’s mining difficulty suddenly dropped. The move down indicates that inefficient miners are going out of business. The capitulation of weak miners is long-term bullish for the dominant cryptocurrency. Bitcoin’s slow descent from the 2019 high of $13,880 to its current level of $8,130 is starting to put weak miners out of business. Over a week ago, the largest cryptocurrency’s mining difficulty suddenly plunged 7%. The drop in difficulty makes it easier for miners to solve algorithms...

A rising number of companies in China are claiming to be related to blockchain technology. Multiple media outlets have issue warnings to put an end to the frenzy. The Chinese government vows for blockchain, not cryptos. Following Chinese President Xi Jinping’s decision to “accelerate the development of blockchain technology,” a massive number of companies in the nation claimed to have shifted their focus towards blockchain. The move was seen as a way to improve brand awareness, generate...

In recent months, digital assets and cryptos have attracted heated debates. Some governments and watchdogs are making laws that may allow them to go mainstream while others are still hesitant. In what appears as a major development in the nascent crypto industry in the UK, a landmark legal statement was published.The statement was given by the Chancellor of the High Court, Sir Geoffrey Vos. It confirmed that crypto-assets will be recognized as tradeable property while smart contracts are...

Within the last three days, the MMOCoin is gaining traction and performs ultimately. Investors who bought the coin at low prices must be shocked to see their ROI pumping up to over 9000 percent levels. All in all, MMOCoin price added a whopping 1000% since yesterday and 53,904% over the last 72 hours.MMOCoin is using hybrid PoW/PoS with an unusual take on their unique Tiered PoS. It starts with block 2000, allowing users to join different staking tiers to increase profits. This system will...