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Bitcoin Market Is In Bearish State With Clear Indications Of Hitting 2019`s Lowest Price Level

The past week was a rollercoaster for Bitcoin and its price — the leader in cryptocurrencies fell from $10,000+ to $8,000 in just a few hours on Tuesday, 24th September. Since then, the Bitcoin’s price has made a slight recovery, floating at around $8,400 before plunging to $7,898.57 on Monday, 30th September.

The shift from bullish to bearish stance is the primary reason behind Bitcoin’s increased volatility. Before the drop there were strong indications that a bearish cycle is just about to begin between traders. The Moving Average Convergence Divergence, or MACD index, displayed a bearish momentum in August. …


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CSI Indexes And Firms` Stocks Soar As Investors Inject Fresh Capital

China is near the end of the preparation for the launch of their state-owned cryptocurrency, issued by the Peoples Bank of China (PBoC). The deputy director of the bank, Mu Changchun, made an announcement, saying that the financial institution is towards the end of the preparation process, and not far from the release date of the crypto project. According to Mu, the new digital currency may play the role of an alternative to the Yuan. …


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Tron Is Also Releasing A New Smart Contract Protocol — The DappChain

One of the most significant public blockchain solutions, TRON, has officially announced the launch of their latest platform — the Sun Network sidechain. Despite the crypto havoc in the past couple of days, TRON’s CEO Justin Sun announced the launch on Twitter, clarifying that TRONSCAN and TronLink will support the new sidechain. Sun also announced that his team developed a Tron-based JS-SDK, dubbed SunWeb.

TRON, however, made it clear that all TRX tokens from the MainNet would not be automatically transferred to the Sun Network. Users have to use TRONSCAN or TronLink to transfer assets between the chains.

TRON released the full code behind the sidechain on GitHub on 11th August 2019 to force community feedback. The open-source nature of the Sun Network will allow developers to deploy their own versions of the sidechain. Sun Network utilizes all of TRON’s mainnet features, and it’s customizable to answer all specific requirements. …


What Are The Reasons Behind The Price Drop?

Bitcoin price
Bitcoin price

Bitcoin lost over $1,000 of its trading price in just half an hour on Tuesday, 24 September. During the massive market-wide wipeout, Bitcoin, as well as the entire crypto sector, suffered a huge hit.

Despite the recent bounce-back for Bitcoin to test the $8,300 support zone, bulls have to push up to prevent falls beneath the $8,000 area. Likewise, Ethereum fell to $167 and bounced back in the $200 range for a short while.

According to experts, one of the main reasons behind Bitcoin’s plunge is the mysterious 40% drop in Bitcoin’s blockchain hash rate. …


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Decathlon Along With Other 30 Retailers Will Accept Crypto Payments From 2020 At More Than 25,000 Sales Points

Despite the crypto sector still being in its early phases of maturing, French retailers are mass adopting the cryptocurrencies as a new way of making payments.

By Q1 of 2020, more than 25,000 point-of-sales at over 30 retail merchants will be available for customers. Some of the retailers include giants like Decathlon, the home decore store Maisons Du Monde and the perfume outlet Sephora. Other companies that are placed on the list include Boulanger, Foot Locker, Conforama, and Global POS.

The participating retailers will use Global POS’ Easy2Play and EasyWallet services. …


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The Company States That Bradley Sostack’s Accusations About XRP Being A Security Are Just Claims

Ripple has been at the crosshairs of Bradley Sostack for over a year. Sostack and a group of individuals filed a consolidated complaint against Ripple for not registering the XRP coin, thus — violating registration provisions of federal and state securities laws.

This is the sixth consecutive filing against Ripple in California’s state court, after a year of accusations against the cryptocurrency and Ripple Labs.

The first set of filings were done in May 2018, after investor Ryan Coffey filed the first complaint against Ripple Labs and its CEO Brad Garlinghouse.

Ripple, on the other hand, filed a motion to dismiss the accusations, stating that Sostack’s claims are made after the three-year deadline of the initial offering, dating 2013. The late allegations mean the statute of repose has expired. Furthermore, Ripple states that the plaintiff “has no solid evidence” that he purchased coins during Ripple’s ICO, as well as not proving that Sostack bought the coins directly from Ripple Labs. …


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The InnfiRAT Malware Exploits Technical Vulnerabilities And Steals Sensitive Information From Wallet Users

The cryptocurrencies market has evolved at a rapid pace since the BTC introduction in 2008. Parallel to the market expansion, the rate at which crypto cybercrime groups and individuals has grown exponentially.

The newest thread, called InnfiRAT, is a remote access Trojan stealing wallet addresses and keys from BTC and LTC supported wallets. The sensitive information that is being targeted by the malware includes the theft of usernames and passwords, even from the most up to date internet browsers. …


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Binance’s United States Branch Will Offer Zero Fees For Trading Pairs Until 1st November 2019

Binance, one of the leading crypto exchanges to date, announced the launch of their U.S. branch on Wednesday, September 18th, 2019. Aimed at residents in the United States, the platform will initially allow trading with Bitcoin, Ethereum, Litecoin, Bitcoin Cash and Tether. For now, Binance’s USD-linked stablecoin BUSD would not be included. Binance will add other cryptocurrencies to the trading pair list after they have passed the exchange’s Digital Asset Risk Assessment Framework.

The platform launch comes as a logical consequence from the official announcement of the new branch plans, made by Binance`s CEO Changpeng Zhao`s on 13th June. Just a day after the announcement, Binance updated their terms of use to stop support for U.S …


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The Hashgraph Open Access Mainet Is Live, With Approximately Six Months Of Upcoming Testing Period

Hedera’s long-awaited project — the Hashgraph, is finally open for anyone who wants to use the distributed ledger technology. The enterprise and commerce-oriented public network announced on 16th September that the ledger is in the state of Open Acces (OA). Open Access also gives DApp developers the chance to build their applications on the Hashgraph platform. Twenty-six DApps are now live on the Hedera’s network.

Hedera received support from Certara and Chainlink, providing data for transactions, connectivity, and off-chain information to Hedera-based apps.

Hedera’s co-founder and CEO Mance Harmon stated that since the network is in Open Access mode, he expects more and more developers and users to join the network. …


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The Groups Are Accused Of Stealing $571 Million Worth Of Cryptocurrencies

The U.S. Department of the Treasury announced on 13th September 2019 that three North Korean entities have been identified and placed on the sanction lists — Andariel, Bluenoroff and the Lazarus Group. The three groups are allegedly blamed for stealing over $517 million worth of cryptocurrencies in 2017 and 2018.

The crypto theft was made from five Asian-registered exchanges.

The government structure stated that the stolen funds were used for the purchase of ballistic missiles and nuclear weapons. …

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