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He’ll Play for Kent State, in What’s an NCAA First

November 29, 2018 |

Kalin Bennett is 6-foot-10, weighs 300 pounds, and has proven to be a force on the basketball court throughout his high school playing days in Little Rock, Ark. No surprise, then, that he’s signed a letter of intent to play Division I basketball with Kent State. But as Cleveland.com…
Newser

Texas A&M, LSU play 7 overtimes until Aggies win, 74-72

November 25, 2018 |

Kellen Mond’s 2-point conversion pass to Kendrick Rogers in the seventh overtime gave Texas A&M a 74-72 victory over No. 8 LSU on Saturday night in a game that tied the NCAA record for most overtimes in an FBS game.
FOX News

3rd Autopsy Finds Evidence of Foul Play in Gym Mat Death

November 18, 2018 |

A third autopsy has been done in the strange case of a teen found dead in a rolled-up gym mat in January 2013, and this one found evidence of foul play. Kendrick Johnson’s parents have had two of the three autopsies done, as they continue to insist the 17-year-old’s death…
Newser

Amazon Echo Recordings May Play Role in Murder Case

November 12, 2018 |

A judge has ruled that New Hampshire authorities investigating the stabbing deaths of two women can examine recordings made by an Amazon Echo speaker with the Alexa voice assistant, the AP reports. Timothy Verrill, of Dover, is accused of first-degree murder in the deaths of 48-year-old Christine Sullivan and 32-year-old…
Newser

Markets Update: Traders Play a Lower Range After Cryptocurrency Prices Dip

October 29, 2018 |

Markets Update: Traders Play a Lower Range After Cryptocurrency Prices Dip

Digital asset prices dropped in value on Monday after the last few weeks of cryptocurrency market consolidation and stability. Around 8:10 a.m. EDT on Oct. 29, the top 10 digital currency markets saw percentage losses of between 2-5%. Since our last markets update two days ago, the entire crypto-economy has lost $ 5.6 billion in value.

Also read: New Qart Wallet Gives Bitcoin Cash QR Codes a Personal Touch

Top Cryptocurrency Markets Dip While Traders Play the Range

After the tight trading range over the last few weeks, many people joked about cryptocurrency prices remaining stable indefinitely. Of course, most crypto enthusiasts know better and on Monday, after a dull trading weekend, the majority of digital asset markets saw price declines across the board. Bitcoin core (BTC) prices saw a low of $ 6,208 and bitcoin cash spot prices dipped to $ 414. Even though markets are now in the red, trading volumes have increased immensely since our last report. At the time, $ 8.6 billion worth of 24-hour cryptocurrency global trade volume was recorded but today the worldwide trade volume touched around $ 12 billion.

Markets Update: Traders Play a Lower Range After Cryptocurrency Prices Dip
The top ten cryptocurrency markets on Oct. 29, 2018.

Bitcoin core (BTC) is currently trading for $ 6,344 per coin and has seen a loss of around 2% over the last 24 hours. Following behind is ethereum (ETH), as markets have seen a 3.5% loss during the morning trading sessions. One ETH is being swapped for $ 197 at the time of publication. The third largest market capitalization held by ripple (XRP) lost 3.5% and each token is trading for $ 0.44. The morning dip has erased 4.7% off the overall eos (EOS) capitalization and each token is trading for $ 5.14. On Oct. 29, at 12:15 p.m., the market valuation of all 2,000+ cryptocurrencies is around $ 206 billion. Just before the dip, dwindling cryptocurrency trade volumes started to reverse and now many traders are scrambling to find new positions.  

Bitcoin Cash Market Action

Bitcoin cash (BCH) is currently trading for $ 416 per coin and the cryptocurrency has lost 4.7% since the initial plunge. The BCH market valuation is $ 7.2 billion and there’s been $ 298 million worth of BCH trades over the last 24 hours.

Markets Update: Traders Play a Lower Range After Cryptocurrency Prices Dip
Bitcoin cash (BCH) market action 7-day.

The top five exchanges trading the most BCH this Monday are Lbank, Hitbtc, Bithumb, Okex, and Digifinex. BTC trades cover 40% of today’s BCH pairs, followed by USDT (26%), KRW (13.4%), ETH (10.2%), and USD (5.5%). BCH is currently the seventh most traded cryptocurrency out of all the virtual currency markets.

Markets Update: Traders Play a Lower Range After Cryptocurrency Prices Dip
Bitcoin cash (BCH) market action 1-day.

BCH/USD Technical Indicators

Looking at the four-hour and daily charts shows traders have been ‘playing the range’  so to speak over the last couple of days, and even more so now. Bollinger bands are extremely tight and the long and short-term SMA trendlines have crossed. On the four-hour BCH/USD chart, the longer-term 200 SMA is now well above the short term 100 SMA. This shows the path of least resistance for BCH traders right now will be the downside.

Markets Update: Traders Play a Lower Range After Cryptocurrency Prices Dip
BCH/USD Bitfinex 4-H. Oct. 29, 2018.

The relative strength indicator (RSI) shows BCH is oversold right now (-21) and traders may see a reversal after all the scraps are bought. Right now on Bitstamp’s order book, there’s a huge sell wall that will keep bulls at bay until $ 430. Bulls have another obstacle around the $ 475 region if they plan on gathering momentum. On the backside, bears will see resistance at the current vantage point up until $ 350 where they will hit a bigger buy wall.

The Verdict: Traders On Edge Find New Positions Before the Next Significant Move

Overall, many traders have noticed that trade volumes have been relatively low and that there’s been anomalies and weird correlations between cryptocurrency markets and traditional equity markets. Then there’s been the peculiar action taking place with the various stablecoins over the last two weeks. Also, the decline in Japanese yen against cryptocurrency pairs and the rise of the Korean won has been a curious occurrence. The recent downturn has put traders on edge, and now on high alert, which makes a refreshing change from the tedium of the crypto-economy’s stability over the last few weeks. 

What do you think about digital asset market dips today? Let us know what you think about this subject in the comments section below.

Disclaimer: Price articles and markets updates are intended for informational purposes only and should not to be considered as trading advice. Neither Bitcoin.com nor the author is responsible for any losses or gains, as the ultimate decision to conduct a trade is made by the reader. Always remember that only those in possession of the private keys are in control of the “money.”


Images via Shutterstock, Trading View, and Satoshi Pulse.


Want to create your own secure cold storage paper wallet? Check our tools section.

The post Markets Update: Traders Play a Lower Range After Cryptocurrency Prices Dip appeared first on Bitcoin News.

Bitcoin News

Crooked Researcher Avoids Jail, but Must Play the Piano

October 11, 2018 |

A former prominent neurological researcher at Yale and New York University avoided prison time Wednesday for stealing research funds, but a judge said he must play piano for indigent elderly people in Connecticut to make amends, per the AP . The unusual sentence for Dr. Alexander Neumeister was handed out Wednesday…
Newser

Jeopardy Contestants Apparently Don’t Play Video Games

September 27, 2018 |

It was the end of a round of Jeopardy and none of the questions in the “Video Games” category had been attempted. When the contestants had no other choice than to give those questions a try, the reason why became clear. In what GameSpot calls a “cringe-worthy” and “hard-to-watch clip…
Newser

Despite Ban, 25 Google Play Apps Found to Cryptojack Users

September 26, 2018 |

Despite Ban, 25 Google Play Apps Found to Cryptojack Users

Sophoslabs has published a report in which the company claims to have identified at least 25 Android apps published on the official Google Play store that contain script facilitating the ‘cryptojacking’ of users’ computing resources.

Also Read: Google Bringing Back Crypto Ads in US and Japan

25 Apps Containing Mining Malware Identified on Google Play Store

Despite Ban, 25 Google Play Apps Found to Cryptojack UsersSophoslabs claims to have discovered 25 apps on the official Google Play store that contain cryptojacking code within them.

report published by the company asserts that the apps in question have “been downloaded and installed more than 120,000 times.”

The apps accused on containing cryptojacking code are LHDS Vendors – which is published by Taste of Life Group, Mobeleader from Abser Technologies S.L., Palkar by Palpostr.com, Dizi Fragmanları İzle from Oguzhan Kivrak, Helper for Knight Game from Evgeny Solovyov, Game Viet 2048 from Thanhtu Media, Trance Droid by Happy Appys, A Paintbox For Kids by Uwe Post, Afterlife: RPG Clicker CCG by Levius LLC, Dominoes Games from Fun Board Games, Info Guru Pendidikan by Cakrawala Pengetahuan, Lighton by Buyguard, Tapbugs and Dreamspell – both published by Riccotz, and 11 apps published by Gadgetium – all of which comprised “preparation apps for standardized tests given in the [United States].”

88% of Cryptojacking Apps Contain Coinhive Implementation

Despite Ban, 25 Google Play Apps Found to Cryptojack Users22 of the 25 apps identified by Sophoslabs were found to contain an implementation of Coinhive’s code.

Lighton and Mobeleader were found to hosting mining scripts on their own servers – “presumably to thwart firewalls or parental controls/reputation services that might block Coinhive’s domain by default.”

A Paintbox for Kids was found to be running Xmrig – “an open source CPU miner that can mine several cryptocurrencies in addition to XMR.”

Cryptojacking Apps Discovered in Spite of Ban

Despite Ban, 25 Google Play Apps Found to Cryptojack UsersThe discovery of the apps comes in spite of the Google Play Store’s July ban on “apps that mine cryptocurrency on devices.”

The ban followed several other undertaking perceived to comprise a crackdown on crypto across Google’s platforms – including the prohibiting of cryptocurrency mining extensions from the Chrome Web Store in April, and the banning of advertising content relating to “cryptocurrencies and related content” from Google’s platforms in March.

This week, Google showed the first signs of softening its stance on cryptocurrency since launching its crackdown, announcing that “The Google ads policy on financial products and services will be updated in October 2018 to allow regulated cryptocurrency exchanges to advertise in the United States and Japan.”

Do you think that scammers will continue attempting to publish cryptojackers on Google’s Play Store despite the company’s ban? Share your thoughts in the comments section below!


Images courtesy of Shutterstock


At Bitcoin.com there’s a bunch of free helpful services. For instance, have you seen our Tools page? You can even lookup the exchange rate for a transaction in the past. Or calculate the value of your current holdings. Or create a paper wallet. And much more.

The post Despite Ban, 25 Google Play Apps Found to Cryptojack Users appeared first on Bitcoin News.

Bitcoin News

Kavanaugh Opponents Play Hardball With Sen. Collins

September 12, 2018 |

Activists trying to block Supreme Court nominee Brett Kavanaugh are threatening to make a hefty donation to Sen. Susan Collins’ opponents if she votes for him—but the plan could backfire. So far, a group of liberal activists including the Maine People’s Alliance and dying ALS patient Ady Barkan have…
Newser

Did Buffalo Bills Play Role in Timothy McVeigh’s Unraveling?

September 4, 2018 |

“I am not saying that Timothy McVeigh bombed Oklahoma City in 1995 because the Buffalo Bills lost four Super Bowls in a row,” writes Sam Anderson at Politico . That would be “absurd.” But in his lengthy piece, Anderson makes the case that the Bills’ misfortune might have at least played…
Newser