Cryptocurrency
Mar 17, 2020 at 14:20
Ripple May Sink Below $0.12, Amidst Aggressive Selling
After the last bearish impulse on March 12, Ripple dropped to a low of $0.12 but moved up to resume consolidation. The breakdown was from the previous high of $0.20 to a low of $0.12. The bulls made an initial effort to make an upward move but were resisted at $0.17. With this resistance, the selling pressure will be at a lower price range.
Mar 16, 2020 at 16:33
UK FCA Warns the Public Not to Invest in Coronavirus-Related Cryptocurrency
The UK Financial Conduct Authority (FCA) recently issued well-filtered recommendations to the public especially the investors not to participate in cryptocurrency investments related to Covid19 through an official website.
Mar 16, 2020 at 15:54
Cryptocurrency Market in Turmoil Again, Bitcoin Hits $4,600
The cryptocurrency market, which successfully rebounded on the morning of the 16th of March, turned into a bear market again. Bitcoin broke the $5,000 line and is now settling just above the $4600 price level.
Bitcoin Sinks as Bulls Turn Down From $6,000 Resistance
The bears are unrelenting as they push Bitcoin to the bottom of the chart. In the last bearish impulse, Bitcoin dropped to a low of $4,607 and then moved up to resume consolidation above $4,500. The price movement has been relatively stable in the past five days as the price fluctuates between $4,500 and $5,500.
US Citizen Sentenced for Possibly Financing Terrorism with Bitcoin
A citizen of the USA named Zoobia Shahnaz faces a 13-year sentence for attempts to finance ISIS with bitcoins. To achieve her goal, she tried to fraud several giant financial institutions including American Express, Chase and Discover.
Cryptocurrency Users Risk Losing Big due to Unfixable Error in Intel SGX
Recently, computer security researchers revealed that a new flaw in Intel’s SGX exposes sensitive user data to cyber criminals. The flaw in the Intel Software Guard eXtension poses a risk to cryptocurrency users can not be patched leaving users at a very high risk of losing their funds.
Red Cross to Fight Coronavirus with Bitcoin Donations
The Dutch Red Cross now accepts bitcoin and other cryptocurrency donations to combat the consequences of COVID-19. This move was probably caused by the need to increase the amounts of donated funds to boost research.
Coronavirus Attacks Cryptocurrency Community
The co-founder of a Blockchain startup confirmed he tested positive for the coronavirus after attending the ETHLondon conference. Mr. Zhen Yu Yong asked people who had contact with him during the conference to take the required precautions and seek medical attention.
Cryptocurrency Trading Needs a Circuit Breaker to Neutralize Profits and Losses
As the price of Bitcoin trading plummeted by 50% overnight, there are opinions among investors that the cryptocurrency market needs to introduce a circuit breaker system like the stock market.
