Tag: Crypto

Crypto Market Flirts Key Resistance: Bitcoin Cash, EOS, BNB, Tron Analysis

Crypto Bit News Staff

The total crypto market cap once again failed near the $178.5B and $180.0B resistances. Bitcoin price remained in a positive zone above the $5,400 support area. EOS price declined again below the $5.30 and $5.25 support levels. Binance Coin (BNB) is down more than 5% and it recently broke the $23.00 support. Bitcoin cash price is back below the $295 support level, with a bearish angle. Tron (TRX) price is trading in a downtrend below the $0.0250 support area. The crypto market cap is facing a strong resistance despite bullish…

Cashaa Now Accepts Debit, Credit Cards for Crypto Purchases

Crypto Bit News Staff

Online banking platform Cashaa is set to allow users to purchase bitcoin, ether and Cashaa’s own token, CAS, using major credit and debit cards. This new service is a follow-up to the Business Banking Services Cashaa launched earlier in April 2019, which allows both individuals and private firms to open accounts with Cashaa and accept cryptocurrency payments. According to a company statement shared with Bitcoin Magazine, the service will be available to users all over the world, excluding the U.S. Launched in 2016, Cashaa’s stated mission is to use the…

Following Expansions, Japanese Regulator Investigates Local Crypto Exchanges

Crypto Bit News Staff

Japan’s Financial Services Agency (FSA) is looking into two major cryptocurrency exchange platforms as part of an investigation. According to a report published by Reuters Japan on April 23, 2019, the investigation by the financial watchdog is connected to the legal compliance and customer protection standards of trading platforms Fisco Digital Asset Group (FDAG) and Huobi Japan, the Japanese subsidiary of Huobi Global. FDAG recently acquired the crypto exchange Zaif, which was hacked last year, from Tech Bureau for $44.7 million. Huobi Global, meanwhile, expanded into Japan through the acquisition…

21-Year-Old Jailed for 10 Years After Stealing $7.5M in Crypto By Hacking Cell Phones

Crypto Bit News Staff

A 21-year-old man has been sentenced to 10 years in prison after becoming one of the first people in the United States to be convicted of stealing cryptocurrency by hacking into cell phones. Prosecutors in Santa Clara announced the jail sentence on April 22. In February, Joel Ortiz had pleaded guilty and to theft and accepted the 10-year plea deal. Ortiz stole more than $7.5 million from at least 40 victims: the press release notes that he then spent $10,000 a time at Los Angeles nightclubs, hired a helicopter to fly…

Coinbase Shutters High-Speed Crypto Trading Division, Axing 30 Jobs

Crypto Bit News Staff

Cryptocurrency exchange Coinbase is shutting down the Chicago office it opened a year ago, eliminating 30 engineering jobs. The San Francisco-based startup’s Chicago division, known as Coinbase Markets, was dedicated to creating sophisticated electronic markets technologies such as matching engines and high-frequency trading for cryptocurrency.   Coinbase said a year on, it had made the difficult decision to consolidate the matching engine work being done in Chicago with similar work being done by its team in San Francisco. A Coinbase spokesperson told CoinDesk: “To become the ‘Google of crypto’ we…

Crypto Exchanges Huobi and Fisco Investigated by Japan Watchdog: Report

Crypto Bit News Staff

Cryptocurrency exchanges Huobi Japan and Fisco are said to have been investigated by the country’s financial watchdog last week. A Reuters report on Tuesday, citing “two sources familiar with the matter” said that the Financial Services Agency (FSA) visited the two exchanges to assess their customer protection and anti-money laundering (AML) provisions. Japanese exchanges run by the two firms have recently seen big changes at the management level, and the FSA investigation was aimed to ensure whether adequate compliance measures are in place under the new regimes, according to the sources.…

Crypto Market, Bitcoin Surging: Bitcoin Cash, ADA, Litecoin (LTC), TRX Analysis

Crypto Bit News Staff

The total crypto market cap bounced back after testing the $167.5B level. Bitcoin price rallied to a new 2019 high above the $5,500 resistance level. Litecoin (LTC) price is currently consolidating above the $75.00 support area. Bitcoin cash price is slowly moving higher towards the $295 and $300 resistance levels. Tron (TRX) price is currently struggling and it could test the $0.0245 support area. Cardano (ADA) price rallied recently and broke the $0.0750 and $0.0760 resistance levels. The crypto market cap is climbing steadily, with bullish moves in bitcoin (BTC),…

Crypto Project Takes on ‘Nonethical Hackers’ With Tech to Stop 51% Attacks

Crypto Bit News Staff

A crypto platform says “pioneering technology” known as command chain protocol (C2P) is going to be instrumental in ensuring the industry is protected with strong security in the future. ILCoin says C2P was designed to prevent 51% attacks — one of the biggest risks that cryptocurrencies face today. This is when malicious actors acquire the majority of the computing power in a network, create a new chain and potentially double spend funds. As reported by Cointelegraph, Ethereum Classic fell victim to such an incident back in January. In its white…

‘The Cutest Crypto Game’ to Support Online Education for Kids

Crypto Bit News Staff

A decentralized crypto collectible game Blockchain Cuties Universe has put its unique digital pet named DartaNyan up for auction, which was specially created for it. The team says that all the raised funds will be spent on an education online platform, where kids and teens can start their own project. Online education for youth as priority The sale of a Blockchain Cuties’ character named DartaNyan will be hosted by Auctionity, the blockchain auction house for crypto collectibles, such as gaming items and nonfungible tokens (NFTs). The digital pet will be…

Crypto Exchange Bittrex Denies Claim of North Korean Users on Its Platform

Crypto Bit News Staff

American cryptocurrency exchange Bittrex has said that claims of North Korean users trading on its platform are false in a tweet on April 22. In the post, Bittrex stated that it had examined two accounts which allegedly belonged to users from North Korea, noting that it had investigated the same accounts back in October 2017. The exchange claims that South Korean residents mistakenly choose North Korea in the country dropdown menu. Bittrex said that it determined where the users were from through country identification, and physical and IP addresses, concluding…