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  • Provably Accurate Bitcoin RSI Confirms Potential Price Rally above $10.5K

    Bitcoin could jump above its year-to-date high despite correcting by $1,500 on Tuesday. The upside prediction comes from the cryptocurrency’s 14-week Relative Strength Indicator. The technical indicator’s readings are above levels that maintain the market’s overall bullish bias, confirming a moderate buying sentiment. Bitcoin is most likely to extend its upside momentum above $10,500 despite failing to test the level repeatedly since February 2020. So hints Relative Strength Index (RSI), a momentum oscillator that measures the speed and change of an asset’s price movements. The widely-followed indicator is now signaling a long-term upside rally above $10,500, Bitcoin’s year-to-date high based on its latest readings. Historical Context Notably, RSI identifies an asset’s oversold and overbought conditions based on numerical parameters oscillating between zero to 100. A reading above 70 reflects an overbought asset, while the same below 30 indicates an oversold one. Readings between 30 and 70 show a neutral area.,

    Jun 4, 2020
  • Bitcoin Core’s New 0.20.0 Update Promises Protection Against Large Nations and Corporates

    Bitcoin Core, the software governing the earliest protocol of Bitcoin, received a facelift on June 3 after a 0.20.0 update was implemented. Among other features is the network’s ability to protect against attacks from large players, such as nations or big computing corporations.  Bitcoin now More Protected Termed “Asmap,” the implementation safeguards the basic peer-to-peer capabilities of the Bitcoin network. Nodes, which form the most significant architecture, are now mapped to tier-1 or tier-2 Autonomous Systems (AS).  The latter is defined in the update as large internet players such as Google Cloud or Amazon Web, which could ply on the Bitcoin network with multiple routing plans. However, with 0.20.0, all connections to any single AS will be limited.  The above fends off the “Erebus” attacks, defined by the National University of Singapore (NUS) researchers as one which allows AS networks to censor Bitcoin by “spoofing” connections. In a 2019 paper detailing the attack, researchers said the flaw could, theoretically, cripple the Bitcoin network and potentially cause an influential mining pool to be “cut off.”  In the paper, Erebus involves malicious…

    Jun 4, 2020
  • Crypto-Powered Brave Browser Reaches Over 15 Million Monthly Active Users

    Brave Browser, a cryptocurrency-powered web browser, announced that its monthly active user count increased 125% over the past year. According to a June 1 announcement, Brave Browser’s monthly active users reached 15.4 million by the end of May. Daily active users, on the other hand, reached 5.3 million after increasing by 165% over the past year. According to May data only about 12.32% of Brave Browser’s total users use the software’s cryptocurrency features. The firm’s co-founder and CEO Brendan Eich explained at the time: “When we first released [Brave Browser] on desktop, it was 40% of the desktop browser share and as we added mobile we found people were less willing to use it, but we are working to make it more attractive to use by making it more convenient, making it reward the user more.” Brave’s crypto-powered ads gain popularity Brave Browser is an open source web browser created by Mozilla founder and JavaScript creator Brendan Eich that focuses on providing better privacy and blocking intrusive ads and trackers. The browser also provides an opt-in advertisement system powered by…

    Jun 4, 2020
  • Bitcoin Researchers Trace a 2015 Hack to Coinbase and Poloniex Wallets |

    In 2015, a Reddit user offered a bounty of 50% of a 445 BTC hack from this personal computer back. Sitting idle for nearly 2 years after the attack, the Bitcoins were moved via CoinJoin (a mixer) to probably an exchange. The user who issued the bounty tweeted in 2017, Those BTC were left sitting for roughly 1.5 year, until a few weeks ago when the thieves found out how nice bitcoin mixers are, and started to mix them, leaving back (to our limited knowledge) nearly no traces.   The case is filled with the police and due to Bitcoin’s property status, any comprehensive forensics proof, validated by experts can build a strong case in the court. Now, researchers Ergo BTC (alias) and Lauren MT with OXT Research has cracked open the transactions to trace the tokens to Coinbase and Poloniex. The research team tweeted, We have attempted to contact Reddit user u/gridchain with our analysis, but have been unsuccessful so far. If anyone knows how to contact them please get in touch. A Total Recall Attack on Hackers The researchers…

    Jun 4, 2020
  • Bitcoin Mining Difficulty Drops 9% to January Levels

    Bitcoin has just got easier to mine. ,

    Jun 4, 2020
  • Bitcoin could be an enabler for Africans’ financial freedom

    Africa is a huge potential market for cryptocurrency as the continent looks for alternatives amid financial system woes In a continent where internet penetration is higher than access to bank accounts, the unexplored potential of a peer-to-peer electronic cash system seems immense. This is exactly why cryptocurrency is often viewed as a path to achieve Africa’s aspirations of financial freedom. In fact, fulfilling such pressing needs for a global decentralised financial system was part of Bitcoin creator Satoshi Nakamoto’s vision. However, cryptocurrency adoption in the continent is hindered by the numerous challenges faced in the region. Modibe Matsepane, the Africa Community Coordinator at the continent’s largest P2P Bitcoin trading platform, Paxful, expressed what she believed to be African sentiment towards Bitcoin in an interview with BeInCrypto yesterday: “Bitcoin has been an enabler for Africans to take back control of their money and empower themselves.” Cryptocurrency has certainly piqued interest in Africa. Nigeria, Ghana and South Africa were part of the list of countries with the highest Google searches for Bitcoin globally. South Africa also has the highest levels of crypto…

    Jun 4, 2020
  • Bitcoin price likely to decline if difficulty falls by 10%

    Historically, major decreases in mining difficulty have been followed by drops in Bitcoin’s price, as seen on May 20 when difficulty reduced by 6% Bitcoin could have more room to fall as mining difficulty drops for the second time since the halving. Bitcoin mining difficulty adjustments happen every 2016 blocks, or every two weeks, and determine how much effort is required by miners to confirm transactions before they are added to the blockchain. Bitcoin’s difficulty level could decline by as much as 10.25% in today’s adjustment — potentially causing further tanking of Bitcoin’s price. According to Sasha Fleyshman, a trader at investment firm Arca, today’s adjustment “would be the second straight downward adjustment in a row,” since the May 11 Bitcoin halving. Fig 1: Mining difficulty change expected in a few hours. Source: Sasha Fleyshman on Twitter. Short term correction Historical charts show that wild swings in mining difficulty have always resulted in short term downtrends in the price of Bitcoin. It means that the top cryptocurrency is likely to drop in the coming days as miners find it easier…

    Jun 4, 2020
  • Bitcoin Price Is Around $9,500 Now, BTC Keeps Correcting

    On Thursday, the leading cryptocurrency keeps correcting, which is absolutely logical after the latest movements. Today Bitcoin is generally trading at around $9,500. By Dmitriy Gurkovskiy, Chief Analyst at RoboForex. Tech analysis of Bitcoin price now. Miners brought down the sales volume of the BTC. The BTC is gaining speed – Novogratz. On W1, the quotations are trading in a small range. The pair keeps restoring its positions. Technically speaking, now Bitcoin is still trading above 61.8% Fibo. This might precede another bounce off this level. The MACD remains below zero, which may indicate a change in the trend. The price might soon decline, aiming at 38.2% Fibo. Photo: Roboforex / TradingView ,

    Jun 4, 2020
  • Ethereum Consolidates Above $240, Battles Rejection at $250

    Jun 04, 2020 at 12:36 // News Recently, buyers pushed the price to a high of $250 but were resisted as the market retraced to a $225 low. Today buyers are unrelenting as they retest the $250 resistance. The market has reached a high of $246 at the time of writing. Ether will rally above $265 if buyers are successful. The uptrend will extend to the $280 resistance level.  Incidentally, this is a positive move as Ether has almost recovered from the bear market. However, if the bulls are unsuccessful, it will be mandatory for the coin to be in a range-bound movement between $230 and $250. This is pending when the bulls will have passage to continue the uptrend. Ethereum indicator analysis  Following the resistance at $250, Ethereum retraced to the support of the 12-day EMA to resume the uptrend. The uptrend is mandatory as long as the price is above EMAs. The reverse will be the case if the price is below the EMAs. Also, ETH is at level 64 of the Relative Strength Index. This indicates that…

    Jun 4, 2020
  • Despite Recovery Rally, Ethereum Is Primed to Fall Towards $200: Analyst

    After yesterday’s retracement in the prices of Bitcoin, Ethereum, and other top cryptocurrencies, analysts are already expecting more downside. One trader suggested that ETH is trading in a textbook broadening wedge formation that will invalidate by being broken to the downside, resulting in a correction to ~$200. “$ETH / USD H4 TF – Ethereum, we could potentially see a Broadening Formation pattern play out here,” the analyst commented in referenec to the cahrt seen below. This comes shortly after another trader explained that in failing to pass $250, ETH registered a rejection at a crucial level. The rejection arrived right where there is a technical downtrend that has constrained price action over the past year. Due to this rejection and the formation of the bearish candle, the analyst suggested that the asset could retrace to $150 come July. Such a move would mark a 35% drop from current prices. Watch Out Below Corroborating the bearish sentiment about Ethereum, is Bitcoin bears. The creator of the world-famous Bollinger Bands indicator, John Bollinger, recently said that investors in BTC should be cautious…

    Jun 4, 2020
  • These Two Key Factors Show “Fireworks” in the Bitcoin Market Are Imminent

    Bitcoin just saw a harsh $1,500 rejection at one of the most important resistance levels in the asset’s history. Though analysts remain long-term bullish, with one going as far as to say that market “fireworks” are in this market’s sights. Related Reading: Ethereum DeFi Nears $1 Billion Milestone Again, and That’s Big for the ETH Bull Case Bitcoin Primed to See “Fireworks,” On-Chain Analysis Shows According to Hans Hague, a senior quantitative analyst at crypto-asset fund Ikigai Asset Management, Bitcoin is currently in ‘heavy accumulation.” He indicated that by pointing to the chart below, showing that the Adjusted Binary BDD metric is currently showing a growing number of investors are hesitant to sell their BTC. The Adjusted Binary BDD metric’s description is as follows: “Once a Bitcoin has been idle for a period of time, moving that Bitcoin “destroys” the number of days that it has accrued… One BTC held for 7 days would destroy 7 Bitcoin Days when it was moved (7 BDD)… Adjusted BDD more accurately represents the quantity of Bitcoin sold by long-term holders over time.” Image showing…

    Jun 4, 2020
  • IOST Kicks-Off Year Long NFT Collection Event, Participants Stand to Win IOST Mystery Box

    IOST (IOST), a decentralized enterprise-geared blockchain project today, announced the commencement of a year-long Non-Fungible Token (NFT) Collection event. IOST kicked-off the NFT Collection event to not only promote the use of NFT assets but also to commemorate the launch of IOST’s highly decentralized and high-performance mainnet ecosystem. Collect All 9 IOST NFT Tokens to Win a Mystery Box On June 4, 2020, distributed ledger technology (DLT) project IOST launched a year-long NFT Token collection event. IOST added that in 2020, it would fully deploy the IOST NFT ecosystem, including the NFT standard protocol, the NFT trading platform, and the NFT asset wallet support. IOST announced that users who collect all 9 IOST NFT Tokens would win a Mystery Box that includes exciting tangible and intangible goodies from the IOST ecosystem, including, IOST candy, merchandise, physical prizes, staking votes, and offline event tickets, among others. (Source: IOST) From today, i.e., June 4, to February 21, 2021 – the 2nd anniversary of IOST mainnet launch – IOST will release 9 “highly commemorative” official NFT tokens. Going into the finer details of these tokens,…

    Jun 4, 2020
  • Gilead (GILD) Stock Rose 1.5% on Remdesivir $7B Sales Prognosis

    According to SVB Leerink analyst Geoffrey Porges, remdesivir price is likely to be $5,000 per course in the US, $4,000 per course in Europe, and around $2,000 in other markets. Gilead Sciences (GILD) stock keeps rising. Gilead Sciences Inc (NASDAQ: GILD) has been significantly progressing in fighting COVID-19 with remdesivir. While the biotech giant is planning on distributing the drug, analysts are estimation how much it will receive in revenue. According to SVB Leerink, with remdesivir sales, Gilead will generate annual peak revenue of $7.7 billion in 2022. Gilead stock ended in the green yesterday, 1.56% up at $74.40 per share. But in early trading today, it is slightly down. By the moment of writing, GILD stock lost 0.25% to reach $74.21. Its market cap is $93.325 billion, the annual stock change is 14.50%. According to analysts’ consensus price target of $79.31, Gilead Sciences has a potential upside of 6.6% from its current price. Besides, Zacks Investment Research analysts believe that positive trends GILD stock demonstrated in Q1 will continue in the second quarter. Other stock market news can be…

    Jun 4, 2020
  • As Protests Rage, Someone in Crypto Wants to Make Money on George Floyd

    A new project has sprung up to take advantage of the tense situation in the United States and promote a new token. A massive wave of protests and riots continues to engulf the U.S. following George Floyd’s death at the hands of the Minneapolis Police Department. While an outpouring of support came from the crypto community as a whole, with many prominent members donating to support black rights activism, some saw this as an opportunity to make a quick buck. The result is the launch of a “George Floyd Token,” or FLYD. Its website asserts that the memory of George Floyd will “live on forever” thanks to the token, while its main pitch is that of a “secure way of funding empowerment.” Despite the calls for immortalizing Floyd through blockchain, it is not a collectible, or non-fungible token. FLYD is a standard ERC-20 that the project’s “vision paper” hopes will “help protesters and activists accept more than one payment stream if they need assistance.” Several red flags Like many of the more fraudulent initial coin offerings in 2017 and 2018,…

    Jun 4, 2020
  • Kate Middleton’s Tatler Scandal Has a Jealous Meghan Markle Connection

    Rumors have emerged linking Meghan Markle to the Tatler article that caused Kate Middleton so much anguish. Meghan’s deluded fans, who are the very epitome of conspiracy theorists, claim this is nonsense. What do the facts say? Is Meghan capable of such antics? So Meghan Markle has been linked to the Tatler article that upset Duchess Kate Middleton to such an extent that Kensington Palace has taken steps to remove the piece. Color me surprised! I’ve seen people say that Meghan’s involvement is nothing more than a wild conspiracy theory put forward by crazy Kate Middleton fans. Okay, let’s have a closer look and see if it’s really all that insane of an idea. Meghan Markle has previous when it comes to controlling the media narrative Meghan Markle is no stranger when it comes to manipulation. We only need to look at her pitiful husband, Prince Harry, to see evidence of that. But it’s in the control of the media and her public image that Malibu Meg really comes into her own. Her desire to micromanage her public persona borders…

    Jun 4, 2020
  • Twitter takes action against Trump’s posts, Facebook defends |

    Whitney Tilson’s email to investors discussing Donald Trump’s inflammatory posts, Twitter, Facebook, and free speech. Q1 2020 hedge fund letters, conferences and more Twitter Takes Action Against Trump’s Posts 2) The most interesting issue in the business world right now is how the big social media companies are responding to the increasing scrutiny they’re under for the content that’s posted on their sites. Until recently, all of them allowed pretty much anything, using the legal shield of Section 230 of the Communications Decency Act. But then Twitter (TWTR) broke ranks, taking action against a few of President Donald Trump’s posts… earning his ire and that of his supporters. Many have called on Facebook (FB) to take similar steps, but CEO Mark Zuckerberg has so far refused. style=”display:block; text-align:center;” data-ad-layout=”in-article” data-ad-format=”fluid” data-ad-client=”ca-pub-4791668236379065″ data-ad-slot=”8840547438″> Here’s a link to a thread Twitter just posted, defending its decision. Excerpt: Zuckerberg And His Thinking And here are two articles about Zuckerberg and his thinking: On some level, the dispute between top executives and the walkout participants is intractable – you either think Trump’s post should…

    Jun 4, 2020