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The FBI & Blockchain: Investigation into SIM Swapping

One of the leading crypto exchanges suffered a loss of 7,000 Bitcoins, priced at more than $40 million, last month which was a big surprise for the industry. Of course, unless you’ve been living under a rock the past month, you will know that exchange was Binance. It seems to now be a hot trend, a crime gaining popularity among elite programmers and fintech experts to exploit loopholes in smart contracts and vulnerabilities in crypto platforms. Chainalysis notes that hackers have stolen cryptocurrency amounting to $2 billion since 2017. In fact, an associate blockchain editor at the MIT Technology Review,...

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Bitcoin (BTC) Is Days Away From Making Its Next Big Move

Bitcoin (BTC) is trading in an ascending and a descending channel simultaneously. It points to two possibilities. Either the price will break out of the descending triangle and continue upwards towards the top of the ascending channel or the price will keep moving down the descending channel and eventually break the ascending channel. BTC/USD has already faced a strong rejection at the top of the descending channel and is now awaiting its next decisive move. If the price falls significantly, it could break the long ascending channel and Bitcoin (BTC) will be all set to fall to $6,000 and then...

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Blockchain OS To Launch through China’s Biggest Search Engine

One of the biggest purveyors of blockchain-based technology in the world is China and now, the country’s biggest player in the search engine space, Baidu is getting in the game in an effort to support the creation and development of decentralised applications (dApps). With it being of its top ten holdings, the latest foray by Baidu could help boost the Emerging Markets Internet & e-commerce ETF, which brings both technology and EM into just one ETF. “The Baidu Blockchain Engine (BBE) is essentially an operating system for dApp development and is part of the company’s cloud computing unit, Baidu Cloud,”...

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Sally Ho's Technical Analysis 8 June 2019

Bitcoin Bitcoin (BTC/USD) gained some ground early in today’s Asian session as the pair moved higher back to the 8083.27 area and was supported around the 7975.01 level. Yesterday’s intraday high was established during the North American session as BTC/USD traded around the 8134.29 area, right around the 38.2% retracement of the 6600.00 – 9090.00 range. Also, yesterday’s intraday high was right around the 50% retracement of the 8834.54 – 7427.00 range. The pair continues to trade below the 50-bar MA (4-hourly), currently indicating around 8168.43. During yesterday’s North American session, some technical clues emerged when the pair derived technical...

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Ripple (XRP) Golden Cross Or Bull Trap?

Ripple (XRP) has faced strong rejection at a key trend line resistance but that has not stopped most Ripple (XRP) investors and analysts from calling for price targets of $5 and higher during the next few months. Most traders at this point are of the view that the bear market is over and we are about to enter a new bullish cycle. Interestingly enough, the majority of them think that we are neither in the 2015 nor the 2014 part of the pervious cycle; they think this time is different when history tells us otherwise. We have seen cryptocurrencies follow...

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