Yesterday, the major cryptocurrencies experienced a quick sell-off below support and a rapid reversal, but the “glitch” (or manipulation attempt) didn’t change the overall technical setup. The top coins are back in their trading ranges that have been dominant for over a week, and the short- and long-term downtrends are all intact. While the recovery […]
Crypto markets saw renewed upside on Wednesday, as bitcoin emerged from oversold levels and bitcoin cash jumped to weekly highs. The moves, which appear technical in nature, set the stage for a bigger short-term rally. Markets Eye Recovery The total value of cryptocurrencies rose by more than $1 billion on Wednesday, reaching a high of […]
Since concluding its year-long crowdsale, EOS has quickly emerged as one of the world’s leading cryptocurrencies. This was highlighted not only by its rapid growth during the bear market, but by its ability to attract hundreds of developers and enterprises to its protocol. As the bear market drags on, there are several compelling reasons why […]
Signs of weakness appear while playing on the edge. ETH/USD must lead now or suffer for months. BTC/USD does not work for either side of the market. The most rising value right now is patience. In a world where everything goes faster than our mind is capable of handling, patience is today a value that […]
Our Ethereum (ETH/BTC) trade recommendation on December 20, 2018 hit both targets. The first one was hit on December 23 when the market climbed as high as 0.03315. The second one was achieved on December 29 when ETH/BTC rallied to 0.037441. Those who followed the trade recommendation grew their investments by almost 40% in a […]
ETH/USD is very much close to a breakout of the recent range-block formation. Diar reports that on-chain transaction value on the Ethereum network was seen at an all-time-high in December 2018. Over the past three sessions for ETH/USD, a pick-up in downside intensity has been demonstrated by the market bears. The price had been moving […]
While crypto bulls had something to cheer about early on during the weekend following a rally attempt in the majors, the move once again failed to improve the technical setup in the segment, and the top coins quickly gave back their gains. Now, most of the coins are trading near the bottom of their short-term […]
Stablecoins are cryptocurrencies with a value pegged to a currency or to exchange traded commodities. Many projects today are researching and developing such technology. Issuers distribute stablecoins to customers in exchange for fiat currency such as USD at a 1:1 fixed exchange rate. USD is a desirable medium of exchange and globally accepted unit of […]
The major cryptocurrencies continue to trade in narrow ranges following last week’s decline and this week’s failed rally attempt. While Bitcoin is stuck near the $3600 support, the other top coins have been losing ground today, with Ethereum dipping below the $120 level, Ripple violating the $0.32 price level and Litecoin testing the $30-$30.50 support […]
Cryptopia, a New Zealand based cryptocurrency exchange has undercome a cyber attack leading to “significant losses.” The incident took place on January 14 and upon detecting the attack Cryptopia was forced to halt services by taking their website and exchange offline. Initially, on its Twitter account, Cryptopia claimed that the website has been taken down for “unscheduled maintenance” and displayed a […]
cryptocurrency exchange in New Zealand is suspected of having performed an exit
scam after bluntly announcing an immediate halt due to an alleged hack.
first signs of trouble emerged on the afternoon of January 14, when Cryptopia
announced on its Twitter page that the exchange was going through unscheduled
are currently experiencing an unscheduled maintenance, we are working to resume
services as soon as possible. We will keep you updated,” the exchange said.
The exchange later announced it was hacked, generating an immediate wave of speculation (mostly from its own customers) that it was, in fact, an exit scam. The fears wouldn’t be entirely unfounded, given the numerous precedents involving other exchanges and the lack of details about the situation. The full notice is here:
reported by blockt.com, some users claim
their Ethereum wallets were drained right before the shutdown.
has not disclosed the amount of digital currency stolen, nor if it will use its
own funds (if any remain) to reimburse customers affected by the hack. We’ll
update this story with any new developments.