Dmitriy Gurkovskiy, a senior analyst at foreign exchange broker RoboForex, shares his insights into the future scenarios for Bitcoin price movement as well as possible price swings of major altcoins.On all the assets discussed below, reversal patterns are forming on the smaller timeframes. If the bulls manage to push the quotations above the nearest resistance levels, we can expect the beginning of good growth. For the Bitcoin, it is enough to secure above $7700, which may provoke growth to...
Read More »Bitcoin Attack Vector Exposed: How to Force-Refund Your Spent Bitcoin
Video shows user double-spending BTC transaction by taking advantage of RBF (Replace By Fee) and zero-conf transactions. Controversial features have been a topic of hot debate among Bitcoin developers for years. A simple four-step guide details how to easily purchase goods with Bitcoin and still keep your money. A weakness has been found in the Bitcoin code which apparently makes it possible to spend BTC transactions twice. By taking advantage of Bitcoin’s RBF feature (Replace By Fee), a...
Read More »Bitcoin Price Surges 5% to Move above $7600 in the Crypto Market Rally
It’s a good start to the week as Bitcoin and the majority of altcoins have turned green in the crypto market rally. In the last 24-hours, the overall cryptocurrency market added $10 billion.Simultaneously, the BTC price has surged nearly 5% moving above $7600. Bitcoin is currently leading today’s market rally with Ethereum posting under 3% gains. Last week, Bitcoin was struggling to cross $7000 and instead went all down below $6600 levels.However, it quickly managed to cover its lost ground...
Read More »Binance CEO Shares Thoughts on Privacy, Exchanges and Law Trickery
The news recently got a splash because of the Twitter user reporting transaction censorship. Binance Singapore froze his money because he was sending them to a Wasabi Wallet.CZ Answers on Espionage Allegations by Twitter CrowdsChangpeng pointed out that there are lots of comments on Twitter under the post about a frozen payment. It shows that people still do not understand how the exchange regulation works, while its a broad topic. In terms of AML procedures, the exchange is obliged to...
Read More »Bitcoin Cash (BCH) Extends Merchant Domination in Burger Wars
Bitcoin Cash (BCH) was adopted by a Burger King restaurant in Slovenia, making it the first cryptocurrency to be transactable in physical Burger King stores. A video posted to social media on Friday shows two Bitcoin Cash users pay for their food using BCH from their mobile wallets. Burger King Goes Crypto Slovenia has become a cryptocurrency hotspot in recent years. Already over 300 merchants accept BCH as a payment method. The adoption of BCH in Slovenia was sped up by the...
Read More »Bitcoin Price Is to Hit $250K after Halving, Says Tim Draper
After this week was pretty bearish for Bitcoin, it finally turned its way upwards. Some of the merits go to the crypto derivatives platform ErisX that started with its physically settled Bitcoin futures contracts, launching only the second such product suite in the U.S. However, only after Wednesday it went above the $7,000 mark. At the time of writing, it is trading at $7,179 that came as a welcome change that brought a dash of optimism among traders and analysts.With sentiment going up and...
Read More »Crypto Price Analysis December 18: BTC, ETH, XRP, LTC, BCH
Dmitriy Gurkovskiy, a senior analyst at foreign exchange broker RoboForex, shares his insights into the future scenarios for Bitcoin price movement as well as possible price swings of major altcoins.As we see, on D1 of the Bitcoin there is a reversal Wedge pattern forming, promising a reversal and an attempt of growth rather soon. For the bulls, it is important to secure above $7670, which will confirm the development of an uptrend.What is more, similar patterns are forming on the charts of...
Read More »Bitcoin Tanks Below $7000 as PlusToken Scammers Cash Out
In yet another major sell-off Bitcoin price crashed below its crucial support of $7000 on Monday, December 16. As per blockchain researcher Chainalysis, this dumping is part of another major scam brewing in the crypto industry.In its report, Chainalysis mentions a China-based Ponzi scheme PlusToken which is dumping its crypto holdings to cash out. PlusToken, a cryptocurrency wallet, trapped investors by promising high returns to those purchasing their native PLUS cryptocurrency against...
Read More »Cryptocurrencies Work Thanks to Key People, Not Blockchains
The outsiders may believe fancy Telegram graphs showing Bitcoin‘s decentralization levels and metrics. However, many of that stats supply data from a parallel reality. Because you cannot claim full decentralization when the majority of the industry is maintained by the same three to five companies. The will of the investors, not the cyberpunk spirit, changes the price of coins or destroys companies.There are at least seven influential people in the crypto space, including investors and...
Read More »New Bitcoin.com CEO Lists HEX Scam Token ‘Just Out of Spite’
Newly appointed exchange CEO lists controversial scam token. The move stems from long-running tensions between rival factions within the cryptocurrency world – namely Bitcoin (BTC) and Bitcoin Cash (BCH) supporters. BCH supporters worry associating with HEX will come back to bite them. The CEO of Bitcoin.com decided to list the controversial HEX (HEX) token “just out of spite” for bitcoin maximalists. That’s according to a screen grab from Bitcoin.com CEO Stefan Rust’s social media account,...
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