Move comes less than two weeks after high-profile digital currency exchange in Seoul was hacked and went bankrupt
Cyber-security pioneer reports his Twitter account was hacked and used to promote crypto-currencies.
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The Digibyte/Bitcoin market skyrocketed after breaking resistance at 0.000006 on May 21 at Poloniex. It took the market 13 days to climb to an all-time high of 0.00002669 on June 3. That’s an astronomical 344.83% increase in value in less than half a month. Unfortunately for traders who bought at this level, sellers took advantage of Digibyte’s rapid ascent to dump their positions and take profits.
The Monero and Ripple price has surged over the past 24 hours, while other cryptocurrencies including bitcoin and Ethereum fell by around 5 percent.
If you are thinking about incorporating Bitcoin, Ethereum and other cryptocurrencies into your investment portfolio, you are certainly not alone. As the price of Bitcoin surged past even the most optimistic predictions, the largest cryptocurrency exchange reported that more than…
After a phenomenal flight to $0.24, Verge is on the verge of a tough crash, as the project faces hurdles and “weak hands” prepare to sell.
On Wednesday morning, bitcoin’s price is little changed from its opening quote, trading at around $16,200 per coin, a gain of roughly 3%. For normal assets, a 3% move would be considered fairly substantial, but in terms of bitcoin, it is a drop in the ocean.Here’s how the cryptocurrency looks at around 8.20 a.m. GMT (3.20 a.m. ET):”Although the recent plunge frightened many bitcoin fans, when looking at the relatively short history of bitcoin trading, the price action seems just normal. During 2017 the cryptocurrency crashed by 30% or more six times. Every fall was followed by huge price appreciation until it peaked on 17 December,” Hussein Sayed, chief market strategist at FXTM said in an email a little earlier.”Whether the Bitcoin bull market is close to an end or just pausing for a short break, remains to be a wild question for 2018.”
China made quite a stir in the cryptocurrency markets when the government banned initial coin offerings (ICOs) a month ago. That one action was enough to temporarily tank the price of Bitcoin, and a number of other cryptocurrencies followed suit….