Tag Archives: ETHBTC

Recent Chinese reports indicate that a new cryptocurrency scam, resembling the notorious PlusToken, has been brought to trial this week. Dubbed WOTOKEN, allegedly scammed over 700,000 users and absorbed more than $1 billion worth of Bitcoin and other digital assets.The New Chinese Threat: WOTOKENAccording to local reports, the trial began on May 14th in the People’s Court of Binhai Country, Yancheng City, against six defendants allegedly operating the WOTOKEN project. More specifically, the...

BitcoinBitcoin had an interesting 7-day trading period as the coin dropped by a small 3% over the week. However, this is because BTC fell by a strong 10% over the weekend as the coin fell from $9,600 to reach as low as $8,500. It rebounded from here and started to climb after the halving occurred earlier in the week.After rebounding, Bitcoin reclaimed the $9,000 level and continued upward to reach the resistance at $9,815 yesterday. It dropped lower from this level today to reach the current...

Five months after the successful completion of the “Agharta” hard fork at block 9,573,000, the Ethereum Classic (ETC) Core developers announced today that the blockchain would undergo another network upgrade dubbed Phoenix.Ethereum And Ethereum Classic CompatibilityPhoenix is a system-wide upgrade and will take place on June 3rd, 2020, at exactly block 10,500,839. Per the official announcement from the project, the upcoming hard fork is a product of the consensus between the members of the...

The social media platform, Reddit, has begun testing two types of Community Points running on the Ethereum blockchain announced last month. Upon the completion of the trial period, which should end by the summer of 2020, the distribution will start with 50 million tokens to users, moderators, and Reddit itself.Reddit’s Community Point Initiative BeginsAs CryptoPotato reported last month, the social media platform planned to incentivize users to be more engaged by allowing them to earn...

Ethereum continued to trade in a range between $190 and $200.Against Bitcoin, the price may dip lower if the 0.021 BTC support fails to provide a rebound.The trend remains in a downward range on the 4-hours chart.ETH/USD: Ethereum Pushes Toward $200Key Resistance Levels:  $200, $215, $226Key Support Levels: $175, $166, $152.6, $141ETH/USD. Source: TradingViewThe recent crash in Bitcoin’s price from $10000 to $8150 pulled major altcoins in a downward spiral, including Ethereum, which is now...

The Ethereum blockchain is suffering a period of heavy congestion, partly caused by what appears to be a Ponzi scheme. Thousands of transactions are being pinged all across the network—all leading to a single address, which now holds $5.3 million worth of Paxos Standard (PAX) tokens.That address belongs to the operators of MMM Global – a multi-level marketing scheme that offers 1% returns on investment per day. Targets are urged to contract more people into the scheme, with the promise of...

Block 630,000 was mined yesterday, and with it, the third Bitcoin halving was successfully completed. From here on, miners will receive 6.25 BTC for adding new blocks to the network.The hours before the event were fairly turbulent for BTC’s price, but it seems that it has calmed down, at least for now.Bitcoin Price Steady Following The HalvingA bit more than 15 hours after Bitcoin’s halving took place at block 630,000, the price seems relatively stable. At the time of the event, BTC was...

Ethereum saw a sharp decline over the weekend, which caused it to slip beneath $200 and reach $187.The cryptocurrency managed to find strong support at a rising trend line.Against Bitcoin, Ethereum is battling to hold above the 0.021 BTC level.Key Support & Resistance LevelsETH/USD:Support: $180, $175, $170.Resistance: $190, $200, $211.ETH/BTC:Support: 0.021 BTC, 0.0208 BTC, 0.02 BTC.Resistance: 0.022 BTC, 0.0225 BTC, 0.023 BTC.ETH/USD: Ethereum Rebounds From Rising Trend LineEthereum saw...

BitcoinBitcoin saw an impressive 11.5% price surge over the past 7 days of trading as the cryptocurrency manages to reach as high as $10,000 again. During the week, the coin managed to break above the previous resistance at $9,000 and continued above further resistance at $9,426 and $9,815 to reach the $10,000 level.Looking ahead, if the buyers break above $10,000, resistance is located at $10,226 (1.618 Fib Extension) and $10,430 (2020 high). Above this, resistance is located at $10,810,...

The US Commodity and Futures Exchange Commission (CFTC) has charged the executives of two companies for alleged involvement in scams with cryptocurrencies and binary options. Both fraudulent activities had misleading marketing campaigns claiming to bring quick and significant profits regardless of any price movements.CFTC Charges New ScamsPer the document released earlier this week, two massive fraudulent solicitation schemes occurred between October 2013 and August 2018. The first one...