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Ransomware Attacks Demanding Crypto Are Unfortunately Here to Stay

Source Node: https://cointelegraph.com/news/ransomware-attacks-demanding-crypto-are-unfortunately-here-to-stay
Time Stamp: August 8, 2020 3:00 AM - Modified On: May 21, 2021 - Published By:
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Year after year, the ransomware landscape changes dramatically. In 2019, a new resurgence of attacks occurred as businesses and government institutions became the main targets of ransomware, given their capacity to yield larger payouts. The most recent attack was against Garmin, a navigation systems company, on July 23. Due to the attack, many of its online services such as customer support, website functions and company communications were affected. Reportedly, the Russian cybergang Evil Corp launched the attack, demanding $10 million in cryptocurrency to restore access to Garmin’s services. Overall, according to a

Ethereum is Showing Early Signs of Weakness; Is the Top in?

Source Node: https://bitcoinist.com/ethereum-is-showing-early-signs-of-weakness-is-the-top-in/?utm_source=rss&utm_medium=rss&utm_campaign=ethereum-is-showing-early-signs-of-weakness-is-the-top-in
Time Stamp: August 7, 2020 4:00 PM - Modified On: May 21, 2021 - Published By:
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Ethereum, like Bitcoin, is facing a bout of consolidation as it trades below its crucial near-term resistance This level has held strong throughout the past several days, and each attempt to break above $400 has been met with an influx of selling pressure One result of this consolidation phase has been the emergence of multiple bearish signals that all point to imminent downside Analysts believe that unless ETH gains ground against BTC, it could be forming a local top on its USD trading pair This could mean significant downside is

Bitcoin Plunges Under Pivotal $11.5k Support: What Do Analysts Think Is Next?

Source Node: https://bitcoinist.com/bitcoin-plunges-under-pivotal-115k-support/?utm_source=rss&utm_medium=rss&utm_campaign=bitcoin-plunges-under-pivotal-115k-support
Time Stamp: August 7, 2020 2:50 PM - Modified On: May 21, 2021 - Published By:
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Bitcoin is slipping lower after peaking at $11,950 just the other day. This marked the second major rejection at the pivotal $12,000 level in the span of a week. As of the time of this article’s writing, BTC is trading for $11,400. This is the lowest price in days, with the asset last trading this low after last week’s flash crash. Analysts believe that Bitcoin’s ongoing drop could be a precursor to a greater move lower. $11,500 has been a level that traders have been watching with intrigue. Some have

Bitcoin is Facing “Serious” Bearish Divergences as Analysts Eye Downside

Source Node: https://bitcoinist.com/bitcoin-is-facing-serious-bearish-divergences-as-analysts-eye-downside/?utm_source=rss&utm_medium=rss&utm_campaign=bitcoin-is-facing-serious-bearish-divergences-as-analysts-eye-downside
Time Stamp: August 7, 2020 2:00 PM - Modified On: May 21, 2021 - Published By:
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The strong momentum Bitcoin has incurred in recent weeks is now showing some signs of stalling as it struggles to break above $12,000 This signals that the resistance at this level may be insurmountable, and may also be a sign of weakness amongst bulls Analysts are now noting that it has led to a surge in bearish divergences that seem to suggest a retrace is imminent BTC now has multiple key support levels throughout the mid-$11,000 region, but its macro support that bulls must defend it at $10,500 Bitcoin has

Curve Finance Guide – How to Make Money with Curve (CRV)

Source Node: https://www.asiacryptotoday.com/curve-finance-guide/
Time Stamp: August 7, 2020 11:59 AM - Modified On: May 21, 2021 - Published By:
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The Curve Protocol is one of the largest and most used projects in the Decentralized Finance (DeFi) space. It is integrated with most DeFi protocols and has seen rapid adoption in a short window. It’s essentially the most competent automated market maker (AMM) out there for stablecoins and wrapped tokens. Curve’s most valuable accomplishment has been giving people incentive to contribute liquidity and earn rewards over their idle assets. A community-based project, the protocol innovates continuously and is now progressing towards total decentralization.  In this guide, we take a look

Analyst: Bitcoin Just Posted the “Most Important Breakout” in BTC History

Source Node: https://bitcoinist.com/analyst-bitcoin-just-posted-the-most-important-breakout-in-btc-history/?utm_source=rss&utm_medium=rss&utm_campaign=analyst-bitcoin-just-posted-the-most-important-breakout-in-btc-history
Time Stamp: August 6, 2020 7:00 PM - Modified On: May 21, 2021 - Published By:
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Bitcoin has been seeing some incredibly bullish price action throughout the past several days and weeks The cryptocurrency is now consolidating at just below $12,000 as its buyers attempt to catalyze another leg higher Despite facing resistance at this level, the crypto has yet to see any type of harsh breakdown here One recent technical development is creating a new source of bullishness amongst traders The cryptocurrency just broke out of a multi-year bull pennant, with this being the “most important breakout” in BTC history – according to one trader

Here’s Why One Analyst Expects Ethereum to Tap $275 Before Pushing Any Higher

Source Node: https://bitcoinist.com/heres-why-one-analyst-expects-ethereum-to-tap-275-before-pushing-any-higher/?utm_source=rss&utm_medium=rss&utm_campaign=heres-why-one-analyst-expects-ethereum-to-tap-275-before-pushing-any-higher
Time Stamp: August 6, 2020 4:00 PM - Modified On: May 21, 2021 - Published By:
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Ethereum has been struggling to break above $400 for the past several days The selling pressure here is quite significant, and a sustained break above this level would be a highly bullish technical development Because ETH has been consolidating just below it throughout the past few days, bulls may be gearing up for a major push higher Despite being technically strong, one analyst is still expecting the cryptocurrency to see another “scam wick” that leads it into the upper-$200 region He believes this will be necessary for trapping more shorts

Bitcoin And Stocks Rally Despite Declining Correlation

Source Node: https://www.bitcoinmarketjournal.com/bitcoin-and-stocks-rally-despite-declining-correlation/
Time Stamp: August 6, 2020 10:37 AM - Modified On: May 21, 2021 - Published By:
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Sure, it was loosely correlated for a while there, but by now, bitcoin and the crypto markets are once again able to claim independence from the traditional markets. In short, and even though measuring correlation can be quite complex, I think this graph pretty much sums it up. What we’re seeing here is the 90-day Pearson correlation between bitcoin and the S&P 500 since 2011. We can clearly see earlier this year, where the correlation spiked up to 0.6 due to the multi-asset early-pandemic sell-off. By now, however, we’re once

These Factors Suggest Bitcoin Could Hit $13,900 if Bulls Defend One Key Level

Source Node: https://bitcoinist.com/these-factors-suggest-bitcoin-could-hit-13000-if-bulls-defend-one-key-level/?utm_source=rss&utm_medium=rss&utm_campaign=these-factors-suggest-bitcoin-could-hit-13000-if-bulls-defend-one-key-level
Time Stamp: August 5, 2020 7:00 PM - Modified On: May 21, 2021 - Published By:
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Bitcoin’s consolidation phase within the lower-$11,000 region has resulted in a powerful push up towards $12,000 Although the crypto has yet to re-test this level, it does seem as though a movement to this level could be imminent in the near-term Multiple analysts are now offering bullish outlooks on BTC in the near-term One such trader is noting that a move up towards $13,000 could be brewing in the days and weeks ahead There are a plethora of different technical factors that could help this rally come to fruition Bitcoin

Despite Recent Strength, Ethereum has Yet to Break Above One Critical Level

Source Node: https://bitcoinist.com/despite-recent-strength-ethereum-has-yet-to-break-above-one-critical-level/?utm_source=rss&utm_medium=rss&utm_campaign=despite-recent-strength-ethereum-has-yet-to-break-above-one-critical-level
Time Stamp: August 5, 2020 4:00 PM - Modified On: May 21, 2021 - Published By:
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Ethereum, like Bitcoin, is currently flashing some immense signs of strength as it pushes past $400 The resistance at this price level remains heavy, so buyers must continue propelling the crypto higher in the near-term Where ETH trends next as it hovers around this crucial level may depend on Bitcoin, as it guided the market’s latest movement If Ethereum’s buyers remain strong in the near-term, they may next look to target the crypto’s recent highs at $415 There is a crucial level that it has yet to surmount, however, and

Why One Trader Thinks Bitcoin Will See a $1,000+ Plunge Despite Ongoing Upswing

Source Node: https://bitcoinist.com/why-one-trader-thinks-bitcoin-will-see-a-1000-plunge-despite-ongoing-upswing/?utm_source=rss&utm_medium=rss&utm_campaign=why-one-trader-thinks-bitcoin-will-see-a-1000-plunge-despite-ongoing-upswing
Time Stamp: August 5, 2020 2:00 PM - Modified On: May 21, 2021 - Published By:
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Bitcoin is currently showing intense signs of technical strength as it races towards $12,000 once again despite the recent rejection at this level The cryptocurrency is now well-positioned to see further upside but remains within a short-term consolidation phase until it shatters this level This uptrend may be bolstered by its break above a previously formed trading range within the lower-$11,000 region One analyst still believes that Bitcoin is at risk of seeing a large near-term selloff that sends it back into the $10,000 region Bitcoin and the entire crypto

Stocks Fly and Precious Metals Fly, Bitcoin Remains Firm

Source Node: https://www.bitcoinmarketjournal.com/stocks-fly-and-precious-metals-fly-bitcoin-remains-firm/
Time Stamp: August 5, 2020 9:44 AM - Modified On: May 21, 2021 - Published By:
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Even though we said in yesterday’s update that we weren’t going to cover the Microsoft TikTok talks, it seems things have now escalated to the point where it seems difficult to ignore, especially in light of unprecedented intervention from the president. Shortly after we hit the send button, President Donald Trump stated that TikTok now has a deadline of September 15 to sell off all its U.S. operations to an American company, be it Microsoft, Apple, or anyone else. In addition, the president has stated that the U.S. Department of