Another effort by Bitcoin bulls to surpass $12,000 gets rejected with a flash drop to lows at $11,500. According to Datamish, the move liquidated $30 million in Bitcoin longs. Nevertheless, the market is witnessing a quick reversal to $11,950 looking to break resistance around $12,000. The trader…
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Trading
Ripple Price Analysis: Rally Could Resume If It Clears $0.30
Ripple price started a downside correction from the $0.3250 resistance zone against the US dollar. The price corrected lower, but it is holding the main $0.2800 support zone. There is a key declining channel forming with resistance…
Bitcoin Price Analysis: BTC/USD Facing Solid Resistance On Approaching $12,000
Bitcoin price breaks out of short term consolidation between the 23.6% Fibo and the 61.8% Fibo to test resistance at $11,700. BTC/USD seeks higher support, preferably above the 61.8% Fibonacci level (former resistance zone). There is…
Cardano (ADA) Price Analysis: Price Action Suggests More Upsides
ADA price is facing a strong resistance near the $0.1480 and $0.1500 levels against the US Dollar. The price is currently trading nicely above the $0.1380 support and the 55 simple moving average (4-hours). There is a major…
Ethereum Price Analysis: ETH Could Rally Again If It Clears $400
Ethereum price rallied to a new multi-month high at $418 before correcting lower against the US Dollar. ETH price is currently trading nicely above the $380 and $375 support levels. There is a key breakout pattern forming with…
Technology
Blockchain Could Help Rail Eclipse Road, Says Russian Tech Chief
A Russian railway executive has talked of the possibility of adopting blockchain technology on the nation’s rail network. Per Vgudok, Sergey Vinogradov, the Director-General of the Scientific Research Institute of Railway Transport,…
Telecom Giant Says ‘Local Stablecoins, Blockchain’ Powered 19% Growth
South Korea is just one of the countries currently reeling from the effects of the coronavirus pandemic, with economic growth down in most sectors. But one industry – telecommunications – is booming. And blockchain-powered local…
Chinese Banks Set to Adopt Blockchain-powered Forfaiting Platform
The China National Clearing Center (CNCC), the Chinese central bank's settlements and clearing arm, is set to work with three major banks to foster a blockchain-powered forfaiting trading platform – aimed at boosting the efficiency of
News
Bitcoin [BTC] Flash Drop Adds Another $500 Million to Tether [USDT] Supply
Another effort by Bitcoin bulls to surpass $12,000 gets rejected with a flash drop to lows at $11,500. According to Datamish, the move liquidated $30 million in Bitcoin longs. Nevertheless, the market is witnessing a quick reversal to…
Bitcoin Breaks USD 12,000, Altcoins Could Start a Fresh Surge
In the past few sessions, bitcoin mostly traded in a range above the USD 11,500 support. Finally, BTC gained bullish momentum above the USD 11,650 and USD 11,800 resistance levels. More importantly, it broke the USD 12,000 barrier and…
Researchers Find Bugs that Could Expose Crypto Wallets on Exchanges
Security experts said they have unveiled a number of vulnerabilities in the open-source libraries used by numerous crypto exchange
Mining
Ravencoin Classic (RVC) is a Fork Off the Ravencoin (RVN) Blockchain
It seems that there is a Ravencoin Classic (RVC) fork off the Ravencoin (RVN) blockchain that has happened along the last RVN hardfork when the new KAWPOW algorithm has been adopted by Ravencoin. The thing that differentiates RVC from RVN…
XMR-STAK-RX 1.0.5 With Kevacoin (KEVA) and Safex Cash (SFX) Mining Support
The XMR-STAK-RX RandomX miner has been updated to version 1.0.5 bringing support for two crypto projects that use a variation of the RandomX
PhoenixMiner 5.0b Update Addressing Support for AMD Cards With 4GB VRAM
As Ethereum Classic (ETC) is just about to hit DAG epoch 350 and Ethereum (ETH) about to follow it in a month or so later miners that are still using AMD Radeon GPUs with 4GB of video memory may start experiencing problems. So we are…
New XMRig 6.0.0-Beta Miner With KAWPOW Support for AMD and Nvidia GPUs
The latest release of the XMRig 6.0.0-Beta comes with support for the KAWPOW algorithm used by Ravencoin (RVN) for both AMD and Nvidia GPUs. Although we are often associating XMRig with CPU mining for RandomX, it also supports a number of…
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