China jails VPN owner for over five years

A Virtual Private Network (VPN) seller in southern China has been sentenced to five and a half years in prison, official media reported Wednesday, one of the most severe sentences yet for helping users evade the country’s “Great Firewall”. The sentence comes as authorities clamp down on tools for circumventing the severe restrictions on China’s […]
Source: bitcoinwarrior
China jails VPN owner for over five years

13.4% of Arab Countries’ Populations Live in Acute Poverty

A general view of a street in downtown Cairo, Egypt, March 9, 2017 A report published this month estimated that the number of poor people in 10 Arab countries was 38.2 million, which represents 13.4 percent of the Arab population. The first Arab Multidimensional Poverty Report was co-authored by the United Nations Economic and Social […]
Source: bitcoinwarrior
13.4% of Arab Countries’ Populations Live in Acute Poverty

Bitcoin Price Weekly Analysis – BTC/USD is Under Bearish Pressure

Key Points

  • Bitcoin price made a sharp downside move and traded below the $12,000 support against the US Dollar.
  • There was a break below two important bullish trend lines with support near $17,800 on the 4-hours chart of BTC/USD (data feed from SimpleFX).
  • The pair is currently recovering, but it is facing a major resistance near the $15,500 level.

Bitcoin price declined sharply toward $10,000 against the US Dollar. BTC/USD is currently recovering, but it is facing a lot of selling pressure.

Bitcoin Price Resistance

After a great upside run toward the $20,000 level, bitcoin price faced selling pressure against the US Dollar. There was a sharp decline below the $18,000 and $15,000 support levels. More importantly, there was a break below two important bullish trend lines with support near $17,800 on the 4-hours chart of BTC/USD. These trend lines break opened the doors for more losses and the pair tumbled below the $12,000 level. A low was formed at $10,688 from a minor recovery wave was initiated.

The price has moved above the 23.6% Fib retracement level of the last decline from the $19,628 high to $10,688 low. However, there is a bearish trend line forming with current resistance at $15,150 on the same chart. Moreover, the 50% Fib retracement level of the last decline from the $19,628 high to $10,688 low is also acting as a major hurdle for buyers. As long as the trend line resistance is intact, the pair might continue to struggle. Only a close above the $15,500 would negate the bearish pressure and may call for more gains.

Bitcoin Price Weekly Analysis BTC USD

On the flip side, if the price continues to move down, then there can be more slides toward $12,500 in the near term.

Looking at the technical indicators:           

4-hours MACD – The MACD is reducing its bearish slope.

4-hours RSI (Relative Strength Index) – The RSI is struggling to move higher and is below the 50 level.

Major Support Level – $12,500

Major Resistance Level – $15,500

 

Charts courtesy – SimpleFX

The post Bitcoin Price Weekly Analysis – BTC/USD is Under Bearish Pressure appeared first on NEWSBTC.


Source: newsbtc
Bitcoin Price Weekly Analysis – BTC/USD is Under Bearish Pressure

Top ICO List Helps Investors Stay Up to Date on ICOs, Token Sales, and Crypto Crowdsales

Top ICO List is the best ICO listing website with all the important Initial Coin Offerings (ICOs), token sales and cryptocurrency crowdsales in one place. What is Top ICO List? Top ICO List gives an updated listings of the best active Initial Coin Offerings, pre-ICOs, upcoming ICOs and with the list of ongoing initial ICOs. In connection to this booming industry, this new ICO Calendar is essential for it is the new trusted source for<br />Read More<br />The post Top ICO List Helps Investors Stay Up to Date on ICOs, Token Sales, and Crypto Crowdsales appeared first on Bitcoinist.com.
Source: worldnewsoffice
Top ICO List Helps Investors Stay Up to Date on ICOs, Token Sales, and Crypto Crowdsales

Ripple riding high during crypto correction

When markets correct there are winners and losers, this week’s slump was led by Bitcoin as it fell almost $8,000 from a high of $20k down to a bottom of $12k. The reversal has since reversed and now things are slowly picking themselves back up again, so much for the bubble bursting.

One altcoin that has weathered the storm this week has been Ripple. It corrected a little with all of the other altcoins but generally remained on a high and is still trading over that psychological one dollar level. Trading action across Asia kept XRP pumped when other coins were losing as much as 35% in a day. While there is a buzz in trading the volatile charts of relatively unknown crypto coins, most traders seek some form of stability and Ripple has become the provider.

Infighting in the Bitcoin camp and the obvious divisions between the BTC and BCH chains have caused both to lose out this week. Rumours of insider trading on Coinbase have also created cause for concern for many. Meanwhile Charlie Lee reportedly selling his stash of Litecoin dropped 47% off the price of LTC as it plummeted from a high of $373 down to just below $200.

Ripple has remained solid throughout, it is a well-established platform founded in 2012. It has the stability that others lack and according to their website has offices in San Francisco, New York, London, Sydney, India, Singapore and Luxembourg, with more than 100 customers around the world. Ripple’s flash transaction facility has generated interest from a number of financial institutions in the Asia Pacific region that are willing to run trials on the new technology.

Ripple is actually in use at the moment, parsing transactions and providing a faster, cheaper and more efficient way to carry out inter-bank transfers. It is hoped one day that Ripple will replace the archaically slow current system, Swift. Next year will be the make or break for XRP but if 2017 is anything to go by investor confidence in this cryptocurrency remains strong.

Ripple currently has a market capacity of $43 billion, at the time of writing it is the fourth largest crypto by market cap. In the past month alone XRP has surged 400% in value from around $0.23, where it sat idle for several months, to over $1.15. It is traded heavily on Bithumb in South Korea which carries almost 28% of the total volume. The Asian appetite for Ripple is likely to continue into 2018 as the crypto pulls in more partners.

The post Ripple riding high during crypto correction appeared first on NEWSBTC.


Source: newsbtc
Ripple riding high during crypto correction

Monero mining malware maligns Messenger

The popularity and resultant price increase of Bitcoin and its ilk has become a magnet for cybercrime and hackers vying to get an illicit profit from crypto mining. By utilizing the path of least resistance and preying on the vulnerabilities of the uninitiated they have taken to the easiest platform to exploit – social media.

Facebook is already an out of control web of digital detritus, clickbait, spam, and fake news. Now it’s instant Messenger service has fallen victim to an exploit which allows attackers to secretly mine cryptocurrency by harnessing the computing power of those infected. Researcher and cyber security firm Trend Micro discovered the malware which consists of a mining bot called Digmine.

It is spread via a fake video that appears to have been sent from someone in the victim’s friends list. Once opened the ‘video’ installs malicious code which will compromise the desktop version of Facebook Messenger when used with Google Chrome. Hackers then have a backdoor into the users Facebook account where they can access the contacts list to further spread the malware.

Researchers at Trend Micro stated:

“If the user’s Facebook account is set to log in automatically, Digmine will manipulate Facebook Messenger in order to send a link to the file to the account’s friends. The abuse of Facebook is limited to propagation for now, but it wouldn’t be implausible for attackers to hijack the Facebook account itself down the line.”

It currently does not affect mobile versions of Messenger as its primary target is desktops with CPU power that can be used to mine Monero, an anonymous crypto cousin of Bitcoin. The profits from this illicit computer-jacking are sent to the attacker’s encrypted Monero wallet. The software is a modified version of open source mining program XMRig which the bot sets to start automatically. This will fire up Google Chrome with an infected extension that allows the hackers to access Facebook profiles.

According to the Trend Micro team:

“The extension will read its own configuration from the Command and Control server. It can instruct the extension to either proceed with logging in to Facebook or open a fake page that will play a video. The decoy website that plays the video also serves as part of their C&C structure. This site pretends to be a video streaming site but also holds a lot of the configurations for the malware’s components.”

Officially Chrome extensions can only be downloaded from their web store but in this case the malignant code is added via the command line. This is not the first or last time mining malware has been used to exploit systems, back in October a malicious program called Coinhive was embedded into a number of compromised apps on Google Play. A new trend in crypto malware is emerging so extra caution is needed for heavy users of social media.

The post Monero mining malware maligns Messenger appeared first on NEWSBTC.


Source: newsbtc
Monero mining malware maligns Messenger

Impact of US tax cuts

U.S. President Donald Trump’s role model is his Republican predecessor Ronald Reagan. Former President Reagan’s two most essential policies were the “Star Wars” program and massive tax cuts, mainly for the rich. Like Reagan, Trump is building a global missile defense system and has just managed to make the Republican-led Congress pass the largest tax […]
Source: bitcoinwarrior
Impact of US tax cuts

Telegram To Launch New Cryptocurrency, Blockchain Platform

There may soon be a new kid on the cryptocurrency block, this one launched by the popular messaging app Telegram. The messaging service, known for its encryption, could also release its own blockchain platform, according to reports Thursday. A former employee of Telegraph, Telegram’s publishing division, Anton Rosenberg posted a video on Facebook which he […]
Source: worldnewsoffice
Telegram To Launch New Cryptocurrency, Blockchain Platform

Ethereum Price Weekly Analysis – ETH/USD’s Recoveries Remain Capped

Key Highlights

  • ETH price recovered after a nasty downside move toward the $475 level against the US Dollar.
  • A major bullish trend line with support at $600 is acting as a key buy zone on the 4-hours chart of ETH/USD (data feed via SimpleFX).
  • The pair might fail to move above $715 in the near term, but also remains supported at $560.

Ethereum price is slightly under pressure against the US Dollar and Bitcoin. ETH/USD is currently below $715 and is struggling to gain traction.

Ethereum Price Support

The past couple of days were very choppy for ETH price as it tumbled below the $550 pivot against the US Dollar. The price made a sharp downside move and traded below the $700 and $620 support levels. Moreover, the price also broke the $550 pivot and even traded below the $500 level. During the downside move, there was a break below a bullish trend line with support at $760 on the 4-hours chart.

The downside move was stalled near the $475 level and another bullish trend line on the same chart. The current trend line support is at $600 is a major buy zone. The pair has moved above the 50% Fib retracement level of the last decline from the $864.53 high to $475.28 low. However, it seems like the pair is struggling to break the $715 level. Moreover, the 61.8% Fib retracement level of the last decline from the $864.53 high to $475.28 low is also acting as a major resistance.

Ethereum Price Weekly Analysis ETH USD

On the positive side, the price is above the 100 simple moving average and the $600 support. As long as the price is above $600, it might attempt an upside move. If buyers fail to hold the $600 level, there can be more downsides.

4-hours MACD – The MACD is currently in the bearish zone with negative signs.

4-hours RSI – The RSI is currently moving down and is below the 50 level.

Major Support Level – $600

Major Resistance Level – $715

 

Charts courtesy – SimpleFX

The post Ethereum Price Weekly Analysis – ETH/USD’s Recoveries Remain Capped appeared first on NEWSBTC.


Source: newsbtc
Ethereum Price Weekly Analysis – ETH/USD’s Recoveries Remain Capped