Tag Archives: bitcoin

Bitcoin Soars Above $9K Mark with Strong Momentum

Bitcoin Soars Above $9K Mark with Strong Momentum

The cryptocurrency market might have had a horrid time over the past few weeks, but things have changed this week.

Much of the reversal in fortunes is possibly tied to the upcoming Bitcoin halvening event.

Why the Sudden Jump?

The world’s biggest cryptocurrency by market cap has been in the doldrums due to the coronavirus-induced market crash over the past weeks, but now it seems to be on course to reach its previous levels. This morning, Bitcoin gained 1.9% to hit $9,099 a token, and that is a strong start, considering the fact that it gained 15% yesterday.

Any major rally in Bitcoin is generally followed by a rally in other cryptocurrencies as well, which is exactly what happened today. Other major cryptocurrencies like Bitcoin Cash and Litecoin recorded gains for the third consecutive day. Over the past few weeks, the price action in the crypto sphere has been in lockstep with other asset classes that are classified as risky. However, the situation has changed dramatically this week. Crypto experts suggest that the rally in Bitcoin is possibly linked to the halvening event that is going to take place this May.

A halvening indicates the slashing of rewards by 50% for Bitcoin miners, and when that happens, it usually results in a lower supply of BTC tokens in circulation. Many analysts are pondering whether the cryptocurrency is going to experience a crash at this time. As a matter of fact, it is important to point out that in the past, the cryptocurrency has shown significant bearish price action on the day of the halvening.

>> Ethereum Soars Over 125% Since March: What to Expect Now?

That being said, it is also necessary to point out that it is very difficult to predict whether BTC is going to rise or fall on the day of the halvening event. However, it should be kept in mind that months after the previous two halvening events, Bitcoin went on strong rallies.

Article Produced By
Ankit Singhania

Based in India, Ankit is a financial content writer and stock market analyst. He has worked for almost a decade on several financial projects related to the stock market news, fundamental research and technical analysis for several websites. He obtained his Masters Degree In finance (MS – finance) from ICFAI. Currently, he serves as a financial consultant and technical analyst at Tradersinsights.com.

https://cryptocurrencynews.com/bitcoin-soars-9k-mark-04-30-20/

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Bitcoin Price Hits Two-Week Low, Garnering Interest from Small Investors

Bitcoin Price Hits Two-Week Low, Garnering Interest from Small Investors

Bitcoin price fell by 9.8% last week, registering its most significant weekly decline since mid-March.

The currency hit a two-week low of $8,630 early Monday, with prices last seen at $8,730—which is down more than 11% from a post-halving high of $9,960 on May 18. The recent price drop is, in turn, causing the number of addresses holding smaller amounts of Bitcoin to rise. The number of unique addresses that are holding at least 0.01 BTC (approximately $87 at current price) rose to a new high of 8.47 million on Sunday, according to blockchain intelligence firm Glassnode. At the same time, the number of addresses holding at least 0.1 BTC (roughly $870) rose to a lifetime high of over 3 million households on Friday. Some believe the increased demand during the price dip may be associated with the idea that Bitcoin could repeat history by charting a price rally over the next 12 months.

The cryptocurrency experienced a 30% pullback in the four weeks that followed its second reward halving on July 9, 2016. However, the decline was erased in the months that followed, and prices rallied to record highs by March 2016. “The price pullback was expected, and the long-term bias remains bullish,” said QCP Capital’s co-founder and managing director Darius Sit. “We would accumulate if prices drop to the $6,000-$8,000 range.” Of course, the number of small addresses doesn’t necessarily represent new individual investors because a single person can hold cryptocurrency in more than one address.

On top of that, exchanges and custodial services also hold Bitcoin in multiple addresses. “Wallet management systems of virtual asset service providers have become more complex and granular. Their wallet clusters include more small wallets for security,” said Ju. Even if small investor participation has been increasing, it’s unlikely to have a significant impact on Bitcoin price, as the market is still dominated by large players, which are typically known as “whales.” On the flip side, the number of addresses holding at least 10,000 BTC and 1,000 BTC have gone down over the last two weeks, according to Glassnode.

>> Persisting Problems: Will Blockchain Be Used in the Next US Election?

What’s more, options market activity is suggesting a more profound price drop could be in the offing in the near-term. “Traders are buying out-of-the-money puts,” said Head of Digital Assets at Swissquote Bank Chris Thomas. A put option is a bearish bet on the cryptocurrency, and a call option represents a bullish bet, while an out-of-the-money put option has a strike price that’s lower than the market price of the underlying asset. Thomas said he expects Bitcoin to move toward the $8,000–$8,200 range in the short-term, which looks likely, as the cryptocurrency has breached a trendline rising from March lows.

Bitcoin fell by 5% on Monday, going against the support of the 2.5-month-long bullish trendline. “However, the relative strength index is neutral,” Yuriy Mazur, head of data analytics at cryptocurrency exchange CEX.IO, told CoinDesk. “There is no clear understanding where BTC will go, currently. It may either retrace back to $6,500 or reach $10,000. We may get a clear indication of the further direction in the nearest days.” The immediate bearish case will weaken if Bitcoin price rises above Sunday’s high of $9,310 on the back of strong volumes. However, it may take a convincing move above $10,000 to restore the bullish trend.

Article Produced By
Kristen Moran

Since graduating from the Journalism Program at Langara College, Kristen has gained over six years of experience writing for newspapers, magazines, online publications, and blogs – covering everything from municipal politics to local restaurants to mining projects in Brazil. Now she serves as a finance writer, covering cannabis, mining, tech, biotech, and investing. She has a passion for the written word, as well as cooking, dancing, traveling and life, in general.

https://cryptocurrencynews.com/bitcoin-price-two-week-low-05-25-20/

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Bitcoin Association opens registration for third BSV Hackathon

Bitcoin Association opens registration for third BSV Hackathon

Today, Bitcoin Association officially announces and opens registration for its third BSV Hackathon competition

for developers, with $100,000 in cash prizes (payable in Bitcoin SV) staked for the winners. Following two successful Hackathons in 2019, Bitcoin Association is once again delighted to partner with leading enterprise blockchain development firm nChain, as well as digital currency conglomerate CoinGeek to organize this third competition. BSV Hackathons are global coding competitions for developers. Within a set frame, entrants (which can be individuals or teams) are tasked with developing an application on the Bitcoin SV blockchain within the parameters of an overarching theme announced at the commencement of the competition.

Registration is free and open now. This 3rd iteration of the BSV Hackathon will look a little different from past editions. As with prior competitions, there will be a virtual competition period, but it will last almost two months rather than just over one weekend. The virtual competition commences on June 23 and ends August 18. This longer competition period allows entrants to take advantage of their extended time at home during current COVID-19 self-isolation periods, and conceptualize, design and build a more complete project. Entrants will be provided with access to a digital platform designed to facilitate collaboration between team members, as well as experts from nChain and even fellow competitors who will be available to provide advice throughout the competition period.

Following the virtual competition period, three finalists will be selected by a panel of expert judges. The finalists will present their submission at the CoinGeek New York conference (anticipated to be in New York in October 2020) for final judging. Normally, a representative from each finalist entry is flown to the CoinGeek conference city to make their presentation in front of the live conference audience. Given event and travel conditions due to the COVID-19 pandemic, Bitcoin Association will evaluate later whether finalist presentations will happen live or through online video. The winner will walk away with a $50,000 prize, with $30,000 for second place and $20,000 for third, all paid in Bitcoin SV.

Jimmy Nguyen, Founding President of Bitcoin Association, commented on the announcement, saying:

‘It’s extremely exciting for Bitcoin Association to kick off our third BSV Hackathon, following months of work from our team planning for the competition. Developer training is a core element of Bitcoin Association’s work and the BSV Hackathons provide a fun opportunity for developers to test themselves and learn more about building applications on the Bitcoin SV blockchain, all the while competing for some serious BSV prizes! We encourage all developers – whether you have worked on other blockchain platforms or have no blockchain experience at all – to compete in this Hackathon and build with us on BSV.

Past entrants have used the BSV Hackathon as a platform from which to build and develop not only innovative solutions, but real businesses – as finalists have the opportunity to be considered for investment if their projects can sustain a business venture. Now that Bitcoin SV’s Genesis upgrade has restored the original Bitcoin protocol and massive scaling continues on BSV, I’m looking forward to seeing what creative developers can build using the technical power inherent in the original Bitcoin and the massive scaling capabilities of BSV.’

Steve Shadders, CTO at nChain, also spoke, saying:

‘The BSV Hackathons are a great point of entry for developers interested in developing blockchain applications. They’re an exciting time for us here at nChain too – we’ll once again be responsible for the technical elements of the competition, with our team providing support and development assistance throughout the competition. We’ve seen some excellent ideas come to fruition as a result of the first two BSV Hackathons and I’m sure that with the longer time frame for this third competition, we can expect many more to emerge this time around.’

Article Produced By
Press Releases

https://coingeek.com/bitcoin-association-opens-registration-for-third-bsv-hackathon/

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How you do your Bitcoin out of a paper wallet

How you do your Bitcoin out of a paper wallet

 If you have a paper wallet (actually only a piece of paper that includes the secret key to access your Bitcoin),

then the information you need to access your money is on paper. It is a set of numbers – usually starting with a 5 – known as the private key.

How to get your Bitcoin

Hardware wallets (also known as cold wallets) consist of external storage devices that are designed to keep your Bitcoin as secure as possible. This means that getting your money out can be a bit tricky. The easiest way to do this is through the hardware portfolio’s own service or software. If you want to know about the Bitcoin Future, it is good idea to read bitcoin latest updates.

Ways to lose your crypto-currencies.

1. Losing your password.

One of the most absurd and frequent ways to lose your coins is to lose your password. There are many who long ago bought bitcoins to use as currency and given their little use, they left them cornered in a drawer. This drawer was the hard drive of a computer, which when it was obsolete ended up in the trash. At other times the key was in a USB that refused to resuscitate, after years without using it. Now that the price is skyrocketing, they pull their hair trying to get their old coins back. Other times the owners have their bitcoins, but they cannot use them because they do not remember where they kept the keys. These days, they’re trying to find a discarded disc, which they assume is in a dump in South Wales.

2. Hackers

Yes, it is possible to steal your information from your computer or mobile phone without your realizing it. The latest theft detected by this system operates in the shadows and hijacks a currency transfer operation to a virtual wallet. Basically, the user enters his private key in the wallet where he wants to send the money. The Trojan detects the operation and replaces the target wallet with its own. This crypto shuffler has been stolen more than $ 140,000, according to Karspersky. There are also cases of wireless key theft. A client claims to have lost $ 155,000 of his digital portfolio after connecting to the Wi-Fi of a restaurant

3. Pump with timer.

Tether, a startup that works with the exchange of crypto-currencies in virtual wallets, claims that a hacker stole $ 31 million from them. The most worrying thing about the news is not the robbery itself, but the possibility that it is a robbery from the inside. This aspect is something that is being investigated. These systems are created by developers who can insert lines of code to be activated on a favorable date or circumstance. Programmable internal theft is a real threat. At other times “pre-mined” cryptocurrencies can be put into circulation. With this system it is easy to guess how the listing price can be manipulated.

4. Bugs.

An error in the development of systems can cause the loss of currency by mistake, or facilitate its theft once the vulnerability is discovered. You don’t have to be a great cyber security expert; we all are familiar with cases of unexpected vulnerabilities. The penultimate one that affects the security of Wi-Fi networks. The last one that affects a series of digital certificates printed on our DNI, and that has already been disabled. The last such loss was $ 300 million, when a technician trying to restore the functionality of a series of virtual wallets blocked them forever.

5. The traditional scam.

A system already successfully used to steal bitcoins is the hacking and subsequent hijacking of a computer. The sadly famous “Wannacry” locks a computer and asks for a ransom in bitcoins. Phishing attacks such as those that continue to be used successfully against bank accounts can also be used. Cheating is something that is beyond e-security. It does not matter how sophisticated and secure a system is in its implementation, if someone is able to gain your trust and make it easier for you to access your data.

Article Produced By
UseTheBitcoin

https://usethebitcoin.com/how-you-do-your-bitcoin-out-of-a-paper-wallet/

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12 Best Cryptocurrency Exchanges [2020] – Buy Bitcoin & Altcoins

12 Best Cryptocurrency Exchanges [2020] – Buy Bitcoin & Altcoins

Which is the best cryptocurrency exchange for buying or selling Bitcoin or altcoins in 2020? We list and review 12 top exchanges worthy of your consideration.When trying to decide on the best cryptocurrency exchanges, it is not simply a matter of ranking by volume or performing a broad comparison according to fees, accessibility, trading tools, or other common features.

Find a Bitcoin exchange which suits your needs

Most exchanges aim to support a particular type of client based on their location, experience, payment method, need for anonymity and so on, while very few can be considered broad catch-all exchanges designed for a non-existent “average user.” That is why we decided to offer a list of the best Bitcoin and cryptocurrency exchanges to cover the needs of all our readers. We will include the top major exchanges that offer the broadest range of services, as well as some smaller exchanges that focus on more specific types of clients. This way, every reader will be able to find the best cryptocurrency or Bitcoin exchange for their unique needs. With the Fed pumping trillions of dollars into the US money system in recent weeks, now is as good a time as ever to purchase Bitcoin or other cryptocurrencies. After all, Bitcoin doesn’t partake in quantitative easing, right? Let’s get started with our list of the top exchanges.

The 12 Best Cryptocurrency Exchanges

This table features the top 12 best Bitcoin and crypto exchanges: Read on to find out the specifics of each exchange

Coinbase

Coinbase was created to be the most trusted name in cryptocurrency exchanges, and in this respect, it is more or less unrivaled in the marketplace. Coinbase is regulated as a US financial institution, including FDIC insurance for US deposits of $250,000 or less, and is compliant with key EU financial regulations. Coinbase is also backed by major mainstream investors, such as banks and investment funds. “The most trusted digital currency platform” – Source: Coinbase This level of trust ensures that Coinbase is the exchange of choice for most beginner cryptocurrency investors, and features a simple design to accommodate this client base.

Unfortunately, this focus on trust means that Coinbase trades in only a limited number of cryptocurrencies, though it does trade in all the top names. Clients are also limited to a relatively small number of countries of origin in North America, Europe, and Oceania. Coinbase has a fantastic track record when it comes to security, with only 2% of its customer’s funds held online at any one point. Along with its insure-policy, this makes Coinbase one of the safest exchanges to use for users looking to purchase cryptocurrency.t Coinbase, our first priority is to ensure that we operate the most secure and compliant digital currency exchange in the world.”

Binance

Binance was founded by Changpeng “CZ” Zhao, a Chinese software developer who previously built systems for the Tokyo Stock Exchange and developed futures trading software for Bloomberg’s Tradebook. Although initially based in China, a crackdown in regulations on cryptocurrencies there led the exchange to move to Japan. However, when Japan’s FCA issued Binance a warning, they decided to relocate to Malta. Binance is the exchange of choice for coin-to-coin cryptocurrency trading with some of the largest numbers for available coin pairs and trading volumes in the industry.

However, Binance flagship exchange also does not deal in fiat currency at all, making it a strictly cryptocurrency-based exchange. The base unit of exchange, then, is not USD, but rather Bitcoin itself. Binance also boasts low fees for trades and withdrawals. Trading fees are discounted if the user is holding Binance Coin (BNB). In 2017, Binance became the exchange with the largest trading volume, largely due to its huge selection of crypto assets available to trade. In February 2020, In an effort to sustain its impressive growth, Binance introduced margin trading, which is now available for BTC, ETH XRP, BNB, ETH and TRX. Binance has made some interesting acquisitions over the years, including Trust Wallet in 2018 and CoinMarketCap in April, 2020.

FTX.com

FTX.com is a revolutionary new exchange which has stormed on to the scene in the last 6 months. Founded by Alameda Research a cryptocurrency trading firm, it has made a bunch of cool new products. Read our full review of it here: FTX exchange review

FTX has many amazing new crypto products

Leveraged Tokens – Special Erc-20 etheruem based tokens called ‘bull’ or ‘bear’ which represent either a 3x long or a 3x short on an underlying cryptocurrency.
Indexes – Baskets of coins which together represent a certain index and can be traded on perp contracts. For example the ‘Shitcoin Index’ which contains 58 altcoins.
Perpetual contracts – Until recently these were really only available in Bitmex, but FTX has taken these contracts to a new level, offering them on many smaller coins (LEO, TEZOS, BNB, ETC just to name a few.
Presidential 2020 – USA presidential election futures which allow you to either short or long your preferred candidate.

These are just some of the cool features, but there are a bunch more.

CEX.io

CEX.io is a fiat-to-crypto exchange that offers some advanced trading features while still being very friendly for beginners to use.
Otherwise experienced investors who are new to cryptocurrencies often use CEX.io for the kind of trading that they are accustomed to with traditional securities and platforms.

Reasons to choose CEX.io cryptocurrency exchange – Source: CEX.io

CEX.io allows for free bank transfers for verified accounts and charges a small fee for unverified accounts using VISA or Mastercard. CEX.io also features low trading fees.
Most CEX.io users are drawn to the advanced trading features that traditional cryptocurrency exchanges do not generally offer. CEX.io also offers margin trading, which is essential to many trading strategies.
CEX.io does have a limited offering of cryptocurrencies, though it covers all the major coins. It also allows for a variety of coin-to-fiat pairs, including EUR, GBP, and RUB, which most exchanges do not.

LocalBitcoins

LocalBitcoins is a peer-to-peer exchange for trading between fiat currencies and Bitcoin.

As a peer-to-peer exchange, LocalBitcoins acts as a medium between two parties who decide for themselves how many Bitcoins to trade, at what price and through which method. This means that people can make personal transfers of both fiat currency and Bitcoin while avoiding any regulations or taxes that they might face for making the same trade on a traditional exchange. LocalBitcoins allows people from all over the world to trade Bitcoins for any fiat currency based on a peer-to-peer system regardless of local cryptocurrency laws or financial regulations. LocalBitcoins operates by letting sellers place an advertisement for a percentage cost of the total value of the proposed trade. Buyers can then choose to trade with these sellers based on the offered terms. Buyers and sellers both have reputation scores based on past transactions, and users must decide for themselves whom to trust.

Bitfinex

Bitfinex is among the most advanced fiat-to-crypto and crypto-to-crypto trading platforms, boasting some of the highest liquidity and trading volumes among exchanges. Bitfinex has few rivals when it comes to cryptocurrency traders who are looking to implement advanced trading techniques and trade large volumes. Bitfinex offers the full range of features that traders expect from a platform, including advanced order types, margin trading, and a vast range of coins and fiat currency pairs.

Bitfinex also boasts low fees that are geared toward high-value traders, with fees dropping dramatically as the trade value increases. Bitfinex has suffered two major hacks in the past as its massive volumes made it a prime target, but they have since paid back all losses to clients and significantly improved their security set up to be among the best in the industry.

Bittrex

Bittrex is a crypto-to-crypto exchange that was designed with one priority in mind above all else: security. Bittrex was designed by a team with decades of experience in security for major software developers, such as Microsoft and Amazon. Bittrex also keeps most of its client funds in cold storage (inaccessible to hackers) and has a robust system for verification. In addition to security, Bittrex focuses on offering an enormous range of crypto-to-crypto trading pairs, with some of the highest trading volumes in the industry. While Bittrex may not be the first choice for experienced cryptocurrency traders looking to trade major coins, it is arguably the best exchange for trading less popular coins. Bittrex does have slightly higher trading fees than most exchanges and accounts can only be funded using Bitcoin, Ether or Tether.

Coinmama

Coinmama is a simple cryptocurrency broker that offers users a quick and easy way to buy coins using fiat currency without needing to store them on a third party exchange. Coinmama is ideal for people who simply want to purchase a cryptocurrency using fiat money without delays, hassles, lengthy registration, or hacking risk. Most often, people will make an initial cryptocurrency purchase using Coinmama, and then deposit the resulting coins from their personal wallet into a crypto-to-crypto exchange. Coinmama does charge relatively high fees for its services, so it is only recommended for users that are willing to pay a premium for speed, discretion, and simplicity.

Kraken

Kraken is one of the oldest and largest cryptocurrency exchanges. It trades in both cryptocurrencies and fiat currencies, with a larger number of pairs available than most similar exchanges, though not by an enormous amount. Kraken caters to advanced cryptocurrency traders by offering features like margin trading, OTC, and futures, though it does also make an effort to be accessible for beginners as well. Advanced traders will find all the features that they expect from an advanced platform, as well as relatively low fees that scale down with volume size.

Kraken promotes its essential features as having:

  • A comprehensive security approach
  • An intuitive crypto trading platform
  • Fees as low as 0%
  • A global 24/7 support team
  • A range of funding options

Kraken did have some performance issues in 2018 that garnered it a slightly poor reputation, but it has performed problem-free since then.

Changelly

Changelly offers a rare service in the crypto space: fast and anonymous crypto-to-crypto transfers with no third party holding.
Changelly is not designed for investing or trading, but rather as a fast, discreet and efficient means for exchanging the coins in your private wallets. Changelly works by offering you competitive exchange rates for a large range of coins and then making the transfer directly between your own private wallet. For this service,
Changelly charges a higher fee than most trading and investing exchanges, but not excessively so. The premium paid is for the anonymity and simplicity compared to a more traditional crypto-to-crypto exchange.
Changelly does also allow fiat-to-crypto exchanges, but these have notoriously high and opaque fees, and this service is not widely used.

Prime XBT

Prime XBT is a next-generation fiat-to-crypto exchange that offers cutting-edge trading tools, extremely high leverage and pooled liquidity from other cryptocurrency exchanges. This combination of features makes
Prime XBT a top pick among advanced traders looking to capitalize on short term price movements in the top 5 coins.
Prime XBT accounts can be directly funded with Bitcoin or indirectly funded through Changelly using fiat or other coins.
Prime XBT offers by far the lowest trading fees in the industry, as well as the highest liquidity by drawing on the trading volumes from the top 12 existing exchanges.
Prime XBT also has an extremely advanced interface, the ability to short crypto/fiat pairs and up to 100 times leverage, which is far more than the 2 to 3 times leverage offered by even the most competitive trading platforms.

BitMEX

For those who want to increase their purchasing power in pursuit of bigger and faster profits, BitMEX is undoubtedly the king in this area with its cryptocurrency derivitives trading platform that provides up to 100x leverage. That means if your account balance stood at either $10,000 or 1 BTC, you would be able to trade with funds worth up to $1 million or 100 BTC respectively thanks to the leverage offered. We do not recommend using 100x leverage, as it is a gamble and basically the same as playing roulette in a bitcoin casino.

BitMEX – “The next generation of Bitcoin trading products”

You can see how this has the potential to hugely increase gains, and equally, massively increase losses! And with it widely reported that “95% of traders fail” and lose money across most financial markets, this leverage should definitely be utilized with caution. Nonetheless, leverage certainly has its benefits and BitMEX is a vastly popular trading platform, so it’s definitely doing a lot right. BitMEX has excellent security, it’s easy to sign up, and allows its users to trade 8 different cryptocurrencies both long and short. So, whether you’re an aggressive trader looking for big returns, or simply looking for a way to free up some trading capital or go short, BitMEX is definitely a leading exchange that’s worth checking out.

Article Produced By
Ben Basarab

Experienced trader and finance writer, Ben spends most of his waking hours (and some of his sleeping ones) dealing with cryptocurrencies and markets in general. With an education in economics and finance and an interest in history and politics, there isn't much happening in the world of finance that he's not following.

https://blokt.com/guides/best-cryptocurrency-bitcoin-exchanges

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How to Store & Secure Crypto on a Ledger Nano S [2020 Expert Guide]

How to Store & Secure Crypto on a Ledger Nano S [2020 Expert Guide]

How to keep your Bitcoin and other cryptocurrency safe using a Ledger Nano S and expert methods.

1 Introduction

There comes a time in every crypto-holder’s life when he or she has to take a serious look at how secure their current holdings are. Over the years, I’ve witnessed multiple people storing their crypto in ways that are begging for trouble. This includes the following:

  • Leaving their coins in an exchange wallet (with or without 2FA enabled).
  • Using a browser-based wallet with an unsecured computer.
  • Using a mobile wallet with known security flaws.
  • Storing a wallet on a rooted mobile.
  • Using a software wallet on their virus riddled PC.
  • Not using a hardware or paper wallet to store large amounts of crypto assets.

You shouldn’t be leaving your coins on an exchange, and if you can avoid it, you shouldn’t be using a software wallet. If you’re going to take away anything from this article, make it the fact you must obtain and use a hardware wallet or a paper wallet if you hold more crypto than you are willing to lose. If you’re interested in general security practices, it’s worth checking out our post on OPSEC and the best way to stay safe as a cryptocurrency holder online. To drill this point home let’s outline some previous known events in which users have lost obscene amounts of crypto.

2 Known Hacks & Losses

The following are (mostly recent) events in which large amounts of cryptocurrency were compromised resulting in losses for the victims. I’m not going to list every example, these are cases off the top of my head and should be enough to give you an idea of how common this is. There are likely many similar cases every year that are not made public by the victims. I’ll update this list periodically. As you can see, securing your coins should be taken seriously!http://blog.chuck-reynolds.com/wp-content/uploads/2020/05/securing-background-324×160-1.jpg Let’s discuss one of the two decent options for securing your crypto: hardware wallets. Paper wallets are also a good option in certain circumstances but are not as suited for regular access to your funds on an internet-enabled computer, so we won’t examine them here. Paper wallets are discussed in our blockchain guides.

3 Hardware Wallets – Ledger Nano S vs. Trezor

There are many hardware wallets available, and most manufacturers offer many models. For the sake of simplicity, we are only going to discuss these two options today, as they are usually readily available and are arguably the most popular. The KeepKey deserves mention here too as it’s been getting some positive reviews. The aim of this article is not to shill you my favorite hardware wallets, however, it’s an important purchase, so let’s briefly go over the pros and cons of these two:

Conclusion

The Ledger Nano S takes the cake mostly due to price and currency support. That’s not to say other hardware wallets aren’t good. Do your own research and buy a wallet that’s right for you. And remember, always purchase your hardware wallet direct from vendors or authorized distributors. Never purchase from Amazon, eBay or third parties if you can’t be sure the device hasn’t been tampered with.

Article Produced By
Greg Adams

Managing Director, Editor, Proprietor & avid crypto-enthusiast. Greg is the founder of [blokt] and was the original editor responsible for building the team of journalists we have today.Greg specializes in crypto-security and sees himself as accountable for ensuring our readership, both new and experienced cryptocurrency users, stay safe and maintain high standards of personal security and OPSEC.Greg has broken many security-based news stories before any other publication, including the Parity Vulnerability story in November 2017, and the Bee Token Hack story in January 2018. Greg's industry commentary has been published on investing.com, capital.com, and express.co.uk.

https://blokt.com/guides/storing-crypto

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Bitcoin (BTC) Struggles to Maintain $10,000, Falls to $9,500 Support

Bitcoin (BTC) Struggles to Maintain $10,000, Falls to $9,500 Support

Bitcoin price is seeking support at $9,500 after touching $10,500 this month.

Bitcoin price has come under significant pressure this week as it failed to hold the $10,000 level,

which it had reached rather easily since starting this year around $6,900. While the price broke $10,000 on February 9, 2020, following a golden cross between the 50-day and 150-day moving averages, and even managed to defend the breakout for a couple of days, it could not hold its own against significant profit-taking, which turned the tide against the bulls. The $9,500 support is holding for now, and earlier, had served as the launchpad to breach $10,000. While downward pressure is increasing as market sentiment is turning bearish, the RSI is also cooling down, and technicals indicate that a fall to $9,000 should be the worst-case scenario in the short to mid-term.

On the upside, $10,000 is still a realistic target, but investors may hold off for now given the negative comments coming out of the United States. Last week, Steven Mnuchin, the United States Secretary of the Treasury claimed ‘significant’ new crypto regulations are on the way, while the Department of Justice is calling Bitcoin mixing a crime. Meanwhile, the upcoming Bitcoin halving is still widely anticipated as a positive driver for the price, but it is possible that the development may be priced-in at $10,000 per Bitcoin. Even though 2017 saw Bitcoin hit $20,000 without stopping, the crypto market has matured since, and there is money to be made on both, longs and shorts, which has resulted in major price swings. For now, $10,000 is a major price level for Bitcoin, and failure to breach it in the coming days may exposure further weakness in the price.

Article Produced By
Hunain Naseer

https://cryptovest.com/news/bitcoin-btc-struggles-to-maintain-10000-falls-to-9500-support/

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Bitcoin SV’s Intraday Gain Sees Downside Corrections

Bitcoin SV’s Intraday Gain Sees Downside Corrections

Bitcoin’s price trend has recently stopped its bull-run that it was carrying to hit the $10,000 price mark.

With this, the crypto market has taken a bearish turn around as the prices are responding to BTC’s price decline. Bitcoin SV is no exception when it comes to such market volatility. The currency is holding a moderate bearish bias today since 03:00 UTC. It is visible that in the current disturbed market, a fresh start something a bit too much to ask for. However, at least a steady movement above the key support level is crucial.

Bitcoin SV Price Analysis

BSV/USD opened yesterday at around $187, and it remained around that price range for a while. A bullish breakout took place when the price of Bitcoin SV stepped up a bit and traded above $189.It is today morning when the coin has seen a sharp bullish move, and it cleared a few resistance levels above 50% fib level and reached $206.93 by registering a 9.30% hike. However, the downward correction that occurred in the latter half of today has ushered the BSV price below the 50% fib level. Currently, Bitcoin SV technicals are indicating mixed signals. The currency is well above the 200-day EMA line while the MACD indicator is in the negative zone. At the moment, BSV needs a support level, which is what it is testing at $198.

Article Produced By
Ruti Vora

Ruti regularly contributes in-depth news articles for leading cryptocurrencies. She contributes technical chart-based price updates and analysis pieces on world's leading digital currencies. She holds graduate degree in journalism.

https://www.cryptonewsz.com/bitcoin-svs-intraday-gain-sees-downside-corrections/

 

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IOV Labs Launches Lumino Network Light Client to Bring Bitcoin DeFi to Mobile

IOV Labs Launches Lumino Network Light Client to Bring Bitcoin DeFi to Mobile

Today, IOV Labs announced the launch of its Light Client for the Lumino Payments Network,

a third-layer Bitcoin scaling solution. Lumino Payments Network enables off-chain payment capabilities for any current or future ERC20-compliant token deployed on the RSK and RIF blockchain networks. The Lumino Light Client allows developers to integrate the distributed security of blockchain without needing to run a full node. Only an internet connection and mobile device are needed for client-integrated dApps. Lumino enables two-way payment channels, with network processing capability at 100 transactions per seconds and the capacity to scale to 20,000TPS.

The announcement comes soon after the release of RIF Dollar stablecoin. Pegged to the  Dollar, and collateralized by the RIF token, RIF Dollar can be directly in the RIF on Chain environment using RIF Tokens, without the need for a Collateralized Debt Position. Users have full control over their RIF Dollars, and can freely transfer and store them in a compatible hardware wallet. RIF Dollar integration is now available on Lumino and its Light Client.

Diego Gutiérrez Zaldívar, CEO of IOV Labs, commented:

“Developing a truly inclusive financial system is a driving force behind our work at IOV Labs. The RIF Lumino Light Client will grant millions of unbanked mobile users access to micropayments transactions at high speeds and near-zero cost, backed by the unparalleled security of Bitcoin. Given the compounding of financial pressure and exclusion on the unbanked brought on by this pandemic, and the increasing accessibility of DeFi applications, we expect to see a whole new level of cryptocurrency adoption in the very near future.”

Ale Narancio, Head of RIF Payments, expressed:

“We are already working with several wallets to integrate the Lumino Light client. Our goal is to make Lumino compatible with the Lightning Network and other off chain networks to enhance interoperability and user experience.”

Lumino Light Client can be accessed, free and open source, via the RSK Developer Portal.

Article Produced By
IOV Labs

https://www.coinspeaker.com/iov-labs-launches-lumino-network-light-client-to-bring-bitcoin-defi-to-mobile/

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Bitcoin Price Surges to $9,600 after BTC Halving but Future Is Uncertain for Miners

Bitcoin Price Surges to $9,600 after BTC Halving but Future Is Uncertain for Miners

Bitcoin price is rising today.

BTC has gained almost 8% to set a daily high of $9,660

but the price is still not adequate for small BTC miners.Bitcoin (BTC) price awakened on May 14. The price is close to $9,700. Earlier, the price had surged to nearly $9,400 before it pulled back to consolidate within the $9,300 zone. The strong upward trend has pushed BTC above the $8,800-$8,930 resistance zone. But what will happen next is unclear for Bitcoin miners.

Since the May 11 halving correction plunged the price of the flagship token to $8,122; it has now recovered considerably. Currently, it appears like many traders are now looking at $9,200 to serve as strong support. It seems like Bitcoin is gradually working its way up toward the $10,000 level. In such a scenario, the $9,300 to $9,400 level might become a sticking point. You can read more about the price movements following this link. Traders expect the price action to provoke a retest of previous $9,200 and $9,061 resistance levels where the 78.6% Fibonacci Retracement is perched.

Bitcoin Technical Review

The hourly chart seems to be forming a bull flag as the flagpole got established on a significantly huge volume increase. Moreover, the current price consolidation is accompanied by a continuously decreasing trading volume. That means the number of HODLERS might be increasing. In the coming hours, the Bitcoin price seems like it will continue to consolidate above the $9,260-$9,334 zones. That zone hosts a VPVR high volume node, and it also coincides with the base of the bull flag.

The descending trendline that originated from the May 7 high of $10,070 is still intact overhead. Twice during the May 14 trading session, the price met significant resistance at that trendline. The current rally has pushed the price above the ascending channel, and so far, bitcoin has found support along the top of this channel. Any form of plunge below $9,300 places BTC price back into the channel. Such a move may increase the probability of the price plummeting to the 20-MA at $9,180. If the bitcoin bulls can push the price sustainably above the $9,400-$9,500 zones, traders will target $9,750 as their next resistance.

Investor Confidence Improving

Previous reports revealed that Bitcoin recovered rapidly from the lows of $8,122 at the start of this week gaining almost 15% so far. That steep recovery was accompanied by a rapid plunge in the crypto’s implied volatility. In-depth analysis indicates that a surge in implied volatility levels means that the options market premiums also surged. This means that the crypto market might be charging higher for insurance. But, it may go both ways for calls (bullish) and puts (bearish) options.

Now that the Bitcoin halving event is out of the way, the whipsaw volatility experienced on March 11 may cease. But, a steep drop to recent lows should not also be ruled out. In case of a drop below $9,000, support as formed at the $8,900-$8,700 zones. If this zone is also broken, the price my plunge below the ascending trendline. Then, it may retest the $8,300 to $8,100 lows of March 9-11. In the near term, traders should consider trading volumes since increased sell volume may push BTC price back to the $9,200-$9,150 level. On the flip side, increased buying power and volume may signal an imminent surge. That surge may push the price towards the $9,750 level.

Future Is Unclear for Bitcoin Miners

Although Bitcoin has gained over 14% after the halving, the current value may not be adequate to support the small and less-efficient miners. This scenario may shift market dynamics. At the moment, Bitcoin is up over 6% in the past 24 hours, hovering around $9,500. The crypto is trading above its 10-day and 50-day moving averages.

Many of the technical indicators are bullish, and a steady uptrend has formed since early trading of May 13. The much-anticipated halving event was a bit uneventful, and market uncertainty still dominates the crypto mining world. Since the halving, the business of running machines to secure networks became 50% less profitable. Some of the miners may be in trouble, with the prices still not rising as expected. The mining revenue fees gained from 4.6% before the halving to 7% on May 13, according to Glassnode data provider. After the Bitcoin halving, rewards per block were cut from 12.5 new bitcoins to 6.25 BTC. That has becomes the challenge for the BTC mining industry that gets most of its income from the block rewards. But, it is beneficial for everyone else since the BTC network’s energy consumption might drop in the coming months.

Article Produced By
Wanguba Muriuki

Wanguba Muriuki is a content crafter passionate about putting everything into writing. He is passionate about Blockchain and Traveling. He is also an experienced creative and technical writer. Everything and everyone has a story to tell. What better way to capture the real story than in words.

https://www.coinspeaker.com/bitcoin-surges-halving-miners/

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