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Ethereum shows a downtrend of 2% while LTC dips by 6% in the week Ethereum rises as high as $361 while LTC continues to drop throughout the week The last week of June has been slow for most of the currencies after mid-week when the Bitcoin prices started dropping from $13,000.  ETH has moved hand-in-hand with BTC and surged as high as $361 from its initial value of $309.32 but soon started dipping to trade below $300.  On the other hand, LTC started the week trading at $132 and started dipping only after mid-week to drop as low as $112.  The current market performances of both coins are justified. Ethereum-Litecoin Price Statistics: As on June 29, 2019, at 10:41:59 UTC, ETH is found to be trading at $301.32 showing a downtrend of over 2% from its starting value in the week at $309.32.  ETH, however, rose to its highest value in 90-days at $361 before sliding downwards.  LTC, however, maintained a steady trend till a mid week and showed a downtrend of over 6% overall droppi

Authorities in Iran have confiscated about 1,000 units of bitcoin (BTC) mining machines from two now-defunct factories, BBC reported on June 28 As reported, local authorities noticed a surge in electricity consumption by 7% earlier in June and linked it to cryptocurrency mining activities. Officials subsequently discovered and removed the mining hardware from two former factories. Arash Navab, an electricity official, reportedly said that "two of these bitcoin farms have been identified, with a consumption of one megawatt."  An Oxford researcher told the BBC that Iranians are increasingly turning to cryptocurrencies like bitcoin as a means of skirting sanctions.  Cointelegraph recently reported that Iranian BTC miners were moving into mosques as the government launches an energy crackdown. Iran, which offers free energy to mosques, now has around 100 miners occupying places of worship, generating around $260,000 a year. The Iranian government thus will be cutting off

Another day, and another cryptocurrency exchange hack. Attackers have thieved $4.2 million worth of cryptocurrency from exchange Bitrue.  Earlier today, the exchange announced on Twitter (spotted by ZDNet) that it was subject to a hack in which bad actors made off with 9.3 million Ripple  and 2.5 million Cardano ($233,000) coins.  At the time of writing, the amounted totals to a little over $4.2 million. Half of the stolen funds have been transfered to private wallets, while the other half was moved to five exchanges  Huobi, Bittrex, ChangeNOW, Exmo. me, and Coinswitch.co. Huobi, Bittrex, and ChangeNOW have frozen $1.35 million worth of the funds, Bitrue told Hard Fork in a statement. Bitrue expects to recover the $1.35 million currently frozen on exchanges.  “After recovering the frozen assets, the net loss will be $3.15 million USD.  This total includes $1.89 million USD lost from individual user accounts, and $1.26 million USD lost from Bitrue’s own hot wallet,” the stat

Ethereum gives traders several delightful moments; EOS holders continue to cringe EOS needs to come on board with the rising market trend to get noticed Ethereum has shown mind-blowing performance in this week, and the coin continues to surge steadily to cross $350 mark.  On the other hand, EOS, also sometimes referred to as the ‘Ethereum Killer’ is no way near the bullish trend and hovering within $8.  The traders of ETH mark the week as celebratory while EOS traders are now concerned about the future benefits of this crypto.  The overshadowing performance of ETH in the current market statistics gives a clear indication to EOS to catch up fast before it is too late.  The market remains optimistic. Ethereum-EOS Price Statistics: As on June 26, 2019, at 09:04:45 UTC, ETH is trading at $330.91 while EOS is trading at $7.16. While ETH recorded a surge of over 8% peaking from $306.06 yesterday to its current value, EOS has also shown an uptrend of 3% rising from $6.93 to

ecrypt’s Tim Copeland attended a developer conference hosted by the Electric Coin Company in Croatia.  He reports that the company is considering the most significant possible changes to its product, Zcash.  Privacy Coin Considering Massive Development Pivot If you’re studying crypto, you may have heard of Zcash. It’s a “privacy coin” which allows users to guard their transaction details from the public, and currently the  coin in its class by market capitalization (after Monero).  Zcash developers want the cryptocurrency to service as many as 10 billion people in the coming three decades, Copeland reports, and they’re willing to do just about anything to get there.  One of the major considerations they’re currently undertaking is whether or not (and how) to implement “sharding,” a scaling technique advanced by Ethereum.  Adamant Capital analyst and Bitcoin commentator Tuur Demeester believes this is an admission on ECC’s part that their original design was never scalable.

The price of bitcoin has surged above $11,000 (£8,600), its highest level in 15 months, amid renewed hype over cryptocurrencies after Facebook said it was planning to launch a digital currency next year. Bitcoin has risen in value by almost $2,000 in the week since the US technology firm revealed plans to create a cryptocurrency called Libra, in a move that could radically reshape the financial landscape with far-reaching implications for governments and central banks around the world.  The original cryptocurrency had languished below $6,000 for much of this year and was falling out of the headlines as investors around the world gradually lost interest in the fad for digital assets. Some investors had been severely burned by bitcoin when its meteoric rise to almost $20,000 in late 2017  which drew comparisons to the tulip mania of the 17th century was followed by a spectacular collapse last year.  Stoking fresh fears of the reinflation of the bubble, bitcoin hit $11,116.65 over

CLOUD TOKEN  A SUPER DIGITAL ASSET WALLET  Cloud Token is the world’s first social wealth wallet to integrate all blockchain cryptographic assets into one platform. ​ It is developed using the latest 4.0 blockchain platform technology, capable of performing cross-chain encryption exchange and payment from the famous encryption market AI arbitrage engine for manufacturers, e-commerce and other products. Presentation video: https://vimeo.com/337601126  Our goal is to provide our members with a focused social wealth generation ecosystem and become the de facto standard token for the blockchain industry. NO 1 Infrastructure ​ Building the strongest infrastructure in the digital asset industry NO 2 Service System ​ Providing the highest quality of safety and efficient service to owners of digital assets  NO 3 Application Landing ​ Popularization of blockchain technology in all walks of life  NO 4 Asset Management ​ Revolutionize the new era of digital economy with life, socia

Litecoin (LTC) hit a fresh high of 143.19 USDT on Binance on June 12, reaching its highest level since May 21, 2018. The price has seen an approximately fivefold increase since the beginning of this year.  The rising price has pushed the coin to fourth place among the top 100 cryptocurrencies, with a market value of more than $8.5 billion, followed by BCH and EOS.  Considering the recent performance of LTC, its scheduled August halving may stir waves in the crypto world.  In an exclusive interview with CoinNess, Litecoin Foundation board member and core developer Wang Xinxi sheds light on probable price and hashrate changes of LTC as well as the current situation of the Litecoin Foundation, which was co-founded by Wang and Charlie Lee in 2017. Background Story Wang was doing a Ph.D.  program when he first learned about Bitcoin.  It was only until 2011 that he began investing in the then-novel digital asset, diving into the crypto world.  Two years later, Litecoin drew his at

The price of ethereum’s native cryptocurrency ether (ETH) surpassed $300 today to hit ten-month highs.  The world’s second largest cryptocurrency by market capitalization climbed above the psychological hurdle at 01:10 UTC and extended gains further to $306  a level last seen on August 19, 2018. As of writing, ETH is changing hands at $304, representing 9.7 percent gains on a 24-hour basis and 129 percent gains on a year-to-date basis, according to data source CoinMarketCap.  Ether has more than doubled this year with the price currently reporting more than 260 percent gains on the low of $82.00 seen in December.  The price, however, is still down 78 percent from the record high of $1,431 registered in January 2018.  Further, the cryptocurrency has retraced meager 16 percent of the sell-off from $1,431 to $82.  On the other hand, BTC has retraced more than 40 percent of the bear market slide and is currently trading at a 15-month high of $10,800.  Looking forward, ether lo

When I jumped on a WhatsApp call with 41-year old Didi Taihuttu, he was a few days away from joining his family on CoinBank’s annual Mediterranean “Blockchain Cruise”  a combination vacation getaway and crypto symposium at which all the movers and shakers in the decentralized finance arena get together to discuss a hypothetical future where government-printed money is rendered obsolete, dropping by Mallorca and Marseille along the way.  According to Taihuttu, invitations to blockchain conferences and seminars have piled up ever since he liquidated almost everything he owned (yes, including his house and his cars) and invested his remaining capital in bitcoin.  It’s a financial pivot that’s both irrational and dangerous to an outsider, but within the crypto nation, it can make you a legend.  Taihuttu was born in the Netherlands, and before going all in on bitcoin, he ran a company that taught tech literacy to people in need.  Today, though, he, his wife, and their three kids

Ripple price started a downside correction after rallying towards $0.4630 against the US dollar.  The price declined sharply and broke the $0.4400 and $0.4300 support levels.  This week’s followed bullish trend line was breached with support near $0.4365 on the hourly chart of the XRP/USD pair (data source from Kraken).  The pair is currently holding the $0.4200 support level and is trading near a key resistance area. Ripple price is currently struggling to hold gains against the US Dollar and bitcoin.  XRP is likely to climb higher again as long as the $0.4200 support area is intact in the near term. Ripple Price Analysis Yesterday, we saw a sharp rise in ripple price above the $0.4400 resistance against the US Dollar.  The XRP/USD pair even broke the $0.4500 resistance and rallied above $0.4600.  Finally, a new weekly high was formed near $0.4631 and the price recently started a downside correction.  There was a break below the $0.4500 and $0.4400 support levels.  Moreo

Stamp collecting just entered the 21st century, as the Austrian Post Office unveiled its limited edition ‘crypto stamp’ collectibles, powered by the Ethereum blockchain.  Send Your Stamp, Keep A Collectible Crypto Stamp  A limited 150,000 unit run of five different stamps  black, red, blue, yellow, black  allows the owner to use a physical stamp, but then save its image in their wallet.  According to a Reddit user, the distribution is as follows: 1,500 red stamps; yellow, 10,000; blue, 20,000; green, 40,000; black, 78,500. The stamps retail for 6.90 Euro, meaning the entire project will bring in just over $1 million. The “Crypto Stamp” is the first use case for non-fungible tokens launched by a government so far, making it a milestone.  The pilot’s success will help determine the future for NFTs, which can now be issued across multiple Ethereum token standards.  Recently completed ERC-1155 enables developers to issue vastly cheaper fungible and non-fungible tokens.  The st

Cryptocurrencies have been enjoying a weekend rally with Bitcoin rising to yearly highs.  Critical caps have been broken, unleashing the upside, and Facebook's reported launch of Libra and Testnet may be partially behind the move.  Here are the next levels to watch according to the Confluence Detector.  Cryptocurrencies have been active over the weekend  and not for the first time.  And this time, price action in digital coins has sent Bitcoin  the king  to above $9,200 and the highest in a year.  Cryptos have already been on the move on Thursday and on Friday, making their ways to higher ground.  However, the more substantial moves have come deep in the weekend  regardless of timezones. Fresh reports about Facebook's launch have added fuel to the fire.  The social media behemoth will reportedly unveil the "Libra Association" as early as Tuesday, June 18th.  Mark Zuckerberg's company will run the entity from Geneva, Switzerland  a world-renowned fina

The total crypto market cap gained momentum and broke the key $252.0B resistance area.  Bitcoin price surged above the $8,500 and $8,650 resistance levels.  Litecoin (LTC) price remains in a strong uptrend and is trading nicely above $134. Bitcoin cash price is grinding higher towards the $420 and $425 resistance levels.  EOS price is back above the $6.50 level and it may even break the key $6.75 resistance area.  Stellar (XLM) price is about to gain momentum above the $0.1250 level.  The crypto market cap gained sharply, with positive moves in bitcoin (BTC) and Ethereum (ETH). Altcoins such as LTC, ripple, bitcoin cash, EOS, TRX, and stellar are also moving higher.  Bitcoin Cash Price Analysis  Bitcoin cash price finally broke the $400 resistance against the US Dollar to move into a positive zone.  The BCH/USD pair even cleared the $405 resistance and it is currently trading above the $410 level. An immediate resistance on the upside is near $420, above which there are

Many bitcoiners thought it would be a cold day in hell when BHB Network co-founder Giacomo Zucco admitted that all tokens aren’t inherently scams.  But, as it turns out, all he needed were the right partners.  What started as a client’s request for a more secure alternative to ethereum’s ERC-20 tokens will soon emerge as the first unique protocol for issuing tokens via bitcoin’s lightning network.  A better token-minting protocol, Zucco said, could be a game changer for entrepreneurs.  “If ethereum is going to die eventually, then we have very high hopes that this will be sustainable long term,” the notorious ethereum critic told CoinDesk.  This open-source token project, called Spectrum, includes contributions from investors at Fulgur Ventures and Poseidon Group, startups such as Bitrefill and Chainside, as well as support from crypto exchange giant Bitfinex.  The goal is to change the perception that bitcoin is too slow moving for experimentation.  Indeed, Bitfinex