Crypto Extortion on the Rise, Says Academic Study

Crypto-based extortion –  basically the process of using spam-flinging botnet armies to “ransom” dirty pictures and compromising information in exchange for bitcoin  –  has turned virtual crime into child’s play. Speaking this week at the Advances in Financial Technology conference in Zurich, an international team comprised of researchers from the Austrian Technology Institute and security […]

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Bitcoin Jumps to 3-Week High Near $8,600 as Fed Plans New Round of Reserve Increases

View The Fed’s decision to expand its balance sheet is seen as a long-term positive development for bitcoin by crypto market experts. Speculation that SEC might approve ETF application by Bitwise is fueling optimism that more investors could allocate funds to the cryptocurrency. Prices for ethereum and bitcoin may have gotten a jolt of enthusiasm […]

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Bitcoin Price Target Sinks as Traders’ Gloom Worsens

A short term trend reversal for bitcoin has become increasingly unlikely for bitcoin following a 5% drop in less than three days. Since October 1, the bitcoin price has fallen from $8,532 to $8,100 against the U.S. dollar. Technical analysts anticipated a relief rally to key resistance levels found at around $9,000 as bitcoin initially […]

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Bitcoin Price Hits 3.5-Month Low, Set to Post Quarterly Loss

View Bitcoin has dropped more than 25 percent in the third quarter, neutralizing the bullish setup on the monthly chart. With the weekly and the three-day charts biased bearish, the cryptocurrency risks falling to $7,500 in the short-term. A violation there would expose the next major support, currently at $7,070. A corrective bounce may be […]

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Bitcoin Perma-Bull Tom Lee Rings Warning Bell on ‘Treacherous’ BTC Trading

Amid a volatile week for bitcoin, Fundstrat’s Tom Lee has come out urging against anyone considering trading BTC in the foreseeable future. Tuesday marked a three-month low for bitcoin as a 17% freefall weakened underlying support significantly, leading BTC to breach well into $8,000 territory. As if to pour salt in the wound, yesterday saw […]

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Bitcoin’s Price Slides $1,000 in 30 Minutes After Margin Calls at Bitmex

Bitcoin tumbled 9 percent in a half-hour on Tuesday, sending prices to the lowest in three months, in a rapid selloff even by the tumultuous standards of the cryptocurrency markets. As of 21:50, BTC was trading around $8,600, down from a high of $9,812 over the previous 24 hours. “Even for bitcoin, this is a […]

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Bitcoin Looks South After Price Squeeze Ends With Drop to $9.6K

View Bitcoin fell to $9,600 earlier today, marking a downside break of recent low-volatility consolidation represented by the narrowing of Bollinger bands. The Bollinger band breakdown has opened the doors for a slide to $9,320 (August low). A break above $10,380 (Sept. 19 high) is needed to neutralize the bearish setup. Bitcoin’s recent low-volatility price […]

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Bitcoin’s $780 Price Recovery Makes Friday’s Close Pivotal

View Bitcoin created a bullish hammer candle yesterday, making today’s UTC close pivotal. A close above $10,380 (candle’s high) will likely invite stronger buying pressure and yield a rise toward $11,000. A high-volume move above $10,822 would confirm a triangle breakout on the daily chart and signal a resumption of the rally from $4,000. Prices […]

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Bitcoin Narrowly Avoids 7 Consecutive Red Daily Candles – CCN.com

Bitcoin narrowly escapes a critical breakdown. | Image: Shutterstock Bitcoin (BTC) has rallied to gain nearly 5% in as many hours, narrowly avoiding posting seven consecutive red daily candles for the sixth time ever. The last time that BTC posted seven red daily candles in a row was heading into the start of August 2018. […]

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