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  • Bitcoin Price Analysis: Bitcoin Sees Lower Lows as It Drops Below Historic Support

    Over the last couple months, we’ve been tracking a potential Distribution Trading Range at the top of bitcoin’s market cycle. Today, we have received higher confidence that bitcoin may have topped out. At around 3:00 p.m. EST, bitcoin broke through the bottom of the trading range and is now seeing aggressive selling as long positions begin to close and short positions begin to open. Today marks the first day of lower lows since bitcoin topped out around $20,000:Figure 1: BTC-USD, 4-Hour Ca...

  • BlackWallet Hacked: Warns Stellar Community Not to Log In to Site

    On January 13, an unknown hacker(s) hijacked the DNS server for BlackWallet.co, a web-based wallet for the Stellar Lumens cryptocurrency, and redirected it to their own server.Security researcher Kevin Beaumont, who analyzed the code, said, “The DNS hijack of Blackwallet injected code, if you had over 20 Lumens it pushes them to a different wallet.” It is estimated that nearly 700,000 Lumens (XLM) were stolen, with a current value of over $400,000. Warnings and alerts not to log into the B...

  • St. Louis Fed: In Some Ways, Bitcoin Is More Robust Than Many Fiat Currencies

    In a recent article on the basics of bitcoin and other cryptocurrencies (PDF), Aleksander Berentsen and Fabian Schär of the Federal Reserve Bank of St. Louis cover the usefulness of bitcoin and other alternative cryptoassets.Throughout the article, Berentsen and Schär make the case that cryptoassets are well suited to become a new, important asset class. The duo goes as far to say that bitcoin is, in some ways, more robust than many fiat currencies.Cryptocurrencies Are a Welcome Addition to ...

  • Credit Suisse Argues Irrational Exuberance Around ICOs Indicates Bitcoin Bubble

    In a paper written in the fall of 2017 and published on the Social Science Research Network (SSRN) on Friday, January 12, 2018, Credit Suisse’s Dietmar Peetz and Gregory Mall argue that the boom in the initial coin offering (ICO) market is the clearest indicator of a bubble in bitcoin.Zurich-based Credit Suisse is one of the 40 largest banks in the world with more than $800 billion in total assets, according to Standard & Poor.According to Peetz and Mall, bitcoin should not be seen as a ...

  • Nationwide Insurance Rolls Out Proof of Insurance on the RiskBlock Blockchain

    The Institutes has announced a new blockchain framework called RiskBlock to provide more streamlined and secure proof of insurance. Nationwide Insurance is the first company to begin rolling out product on the platform.RiskBlock is the first blockchain framework delivered from the newly formed RiskBlock Alliance and the first of its kind that is designed specifically for the risk management and insurance industry. The Institutes RiskBlock Alliance is an industry-led, insurance-focused consorti...

  • Making Voting, Elections Both Secure and Accessible with Blockchain Technology

    Voatz, a startup based in Boston, MA, promises to dispel some of the biggest challenges associated with voting: access, security, transparency and efficiency. The company plans to achieve this goal by combining internet-based voting with blockchain technology.What is Voatz?Voatz enables voters to make their voices heard conveniently by allowing mobile voting via any smartphone or tablet connected to the internet. The platform integrates blockchain technology and cutting-edge security to mainta...

  • Bitcoin Price Analysis: Choppy Market Conditions Lead to Tests of Parabolic Resistance

    The bitcoin market has been getting chopped to pieces for weeks as the market has faked up, faked down, consolidated and routinely stopped out traders. Last week, we discussed a potential large move due to a consolidated symmetrical triangle. However, the breakout failed to garner any momentum and ultimately flopped as the move upward quickly died down and ultimately reversed.At the time of this article, however, the market is poised in a precarious situation as it tiptoes around historic supp...

  • Telegram’s Privacy-Focused User Base Could Become TON Blockchain’s Killer App

    In December 2017, an interesting rumor surfaced: According to “sources familiar with the matter,” the messaging app Telegram, very popular among crypto-enthusiasts for its strong encryption and privacy features, would launch its own blockchain platform and cryptocurrency.On January 8, 2018, TechCrunch reported that several unnamed sources had confirmed the news and quoted a secret Telegram white paper. According to TechCrunch, “the potential for a cryptocurrency inside a widely adopted m...

  • Kodak Gets in on the Blockchain and ICO Picture

    Kodak, the iconic photography company first established in in the 1880s, has joined the blockchain and ICO age. Today, January 9, 2018, it announced a new blockchain-based platform with WENN Digital to empower and protect image makers, photographers and artists.The new platform, known as KodakOne, will enable users to register their work and license it with the platform. The image rights management platform will utilize the new KODAKCoin cryptocurrency to provide photographers with a new reven...

  • How a Hackathon Birthed the CryptoKitties Origin Story

    “CryptoKitties,” the most popular game ever released on the Ethereum blockchain to date, became an instant success in December of 2017. About 180,000 people have already signed up for CryptoKitties since the cute creatures were introduced to the world just a few months ago. Over $20 million in ether has already been spent, and at least 10 kitties have sold for more than $100,000.Yet while the impressive numbers behind this crypto-phenomenon clearly demonstrate its success, most people rema...

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