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BitAmp: Back to Bitcoin’s Original Roots 

The Downfall of Storing User Data BlockFi, the popular cryptocurrency lending and borrowing platform, recently revealed that a SIM swap by one of the company’s employees had allowed a hacker to infiltrate their database. As a result, several Bitcoin whales had their physical addresses and contact information exposed to hackers and left these clients potentially vulnerable to extortion and threats.  As consumer internet models influence the cryptocurrency ecosystem, companies like BlockFi benefit from storing user data such as email, deposit size, user activity, etc. in order to upsell their users on other promotions and products. This is how corporations differ...

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BTC/USD Bulls Eyeing 9880.17 as Upside Target: Sally Ho's Technical Analysis 11 June 2020 BTC

Bitcoin (BTC/USD) remained within striking distance of the 10000 figure early in today’s Asian session as the pair remained buoyed above the 9700 area after traders took the pair lower to the 9705.02 area during yesterday’s European session.  Traders were able to push the pair as high as the 9845.00 area during yesterday’s Asian session, testing the 50% retracement of the recent depreciation from 10428.00 to 9270.00.  The markets are waiting to see if BTC/USD can get back above the 9880.17 level, representing the 23.6% retracement of the recent appreciation from 8106.70 to 10428.00.  Also, traders are waiting to see...

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Is Bitcoin Going To Be The Global Reserve Currency?

Bitcoin is getting ready to finally make a move. The price action for the past several days has been pretty tedious and investors are now wondering where the market might be headed next. My long term view remains unchanged and I still see BTC/USD declining down to $3k or lower before the end of the year. For now, the most probable scenario is that we would see a sharp decline that would catch a lot of retail bulls off guard. Now, whether or not that decline happens with or without a fakeout remains to be seen. It is quite clear...

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Former business student arrested for drug-related criminal activities with help from bitcoin

Based in Leicestershire Paul Johnson has been arrested for pulling millions in an international drug-selling operation.  In Johnson’s home, the officers found a number of illegal drugs including hundreds of pounds of narcotics. Based in Leicestershire in England, one resident under the name of Paul Johnson has been arrested for pulling millions in an international drug-selling operation.  In Johnson’s home, the officers on the scene found a number of illegal drugs including hundreds of pounds of narcotics which were found in LSD, heroin, ketamine, and MDMA tablets. So why are we telling you this? Well, it turns out that Johnson...

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When will the bulls take action? One analyst believes the Bears time is almost over

Bullish activity in the crypto space has been long-awaited by the community over the past few months and in recent weeks, many bulls have questioned the possibility of bitcoin potentially spiking to new highs.  As the leading cryptocurrency continues to drift between $9700 and $10,000, one analyst has said that it is only a matter of time before bullish action takes hold. Bullish activity in the crypto space has been long-awaited by the community and many analysts over the past few months and in recent weeks, many crypto bulls have questioned the possibility of bitcoin potentially spiking to new highs....

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