Crypto Market Showing Positive Signs: Bitcoin Cash, XLM, EOS, TRX Analysis

The total crypto market cap found a strong support near $122.0B and recently climbed higher. Bitcoin price bounced back above the $7,700 and $7,800 resistance levels. Bitcoin cash price gained a strong bullish momentum and jumped back above $400. EOS price is recovered above the key $6.00 and $6.05 resistance levels. Stellar (XLM) price is currently consolidating below the $0.1250 and $0.1300 resistance levels. Tron (TRX) price is holding the key $0.0265 and $0.0272 support levels. The crypto market cap is showing positive signs, with bullish moves in bitcoin (BTC)…

Bitcoin Beats Other Cryptos in ‘Smarter’ Bull Market, Says Billionaire Investor

By CCN: Mike Novogratz, the billionaire CEO of Galaxy Capital and a former hedge fund manager at Fortress Investment Group, believes alternative cryptocurrencies, or altcoins, will be outperformed by bitcoin in the bull market. Not this time. Market getting smarter. $btc will outperform. — Michael Novogratz (@novogratz) May 19, 2019 The statement of Novogratz comes after the bitcoin price risen by more than 115 percent year-to-date against the U.S. dollar, leading the crypto market to add $124 billion to its valuation. Will bitcoin continue to outperform altcoins? Historically, altcoins have…

Major Darknet Marketplace Wall Street Market Shuttered by Law Enforcement

Wall Street Market, the second-largest darknet market in the world in recent months, has been shut down by international law enforcement agencies, including Europol as well as U.S., German, Dutch and Romanian law enforcement. Three suspected operators of the online marketplace for illegal goods and services have been arrested in Germany, while some of the highest-selling suppliers of narcotics were arrested in the United States. Darknet markets are the digital black markets only accessible through the anonymizing Tor browser; they use bitcoin and other cryptocurrencies for payment. Since the pioneering…

Crypto Market Smashes Resistance: Bitcoin Cash, Litecoin, EOS, ADA Analysis

The total crypto market cap climbed higher sharply and broke the key $170.0B resistance. Litecoin (LTC) price is up more than 6% and it recently broke the $74 resistance Bitcoin cash price surged more than 13% and surpassed the key $270 barrier. EOS price is slowly grinding higher towards the $4.85 and $4.90 resistance levels. Cardano (ADA) price is up more than 5% and broke the $0.0680 resistance level. The crypto market cap cleared many hurdles, with positive moves in bitcoin (BTC) and Ethereum (ETH). Altcoins such as bitcoin cash,…

ErisX Launches Crypto Spot Market on Heels of New $20 Million Raise

Aspiring crypto derivatives provider ErisX took one step closer to its ultimate goal Tuesday with the launch of a spot market. The exchange announced that it will immediately support dollar trading pairs with bitcoin, bitcoin cash, litecoin and ethereum, as well as bitcoin trading pairs with the other three cryptocurrencies at launch. While ErisX has a number of firms looking to trade on its platform at launch, it did not disclose any names. Chief strategy officer Matt Trudeau told CoinDesk that, at launch, ErisX’s platform will include both its exchange…

Rakuten Taps Chinese Blockchain Firm for $60 Billion Authenticity Market

By CCN: In 2008, at least 54,000 Chinese babies suffered after ingesting formula that had been contaminated. Demand for safe products has grown year over year, every year, since then. Companies like blockchain-centric Techrock have capitalized on this market by finding unique solutions to the authenticity problem. Techrock uses the blockchain to track every step of a product’s lifecycle and rewards consumers for verifying it through their mobile phones. Chinese Consumers Increasingly Willing to Pay a Premium for Authentic Imported Food In China, it is reportedly difficult to get authentic…

It Looks as if Another Darknet Market Era Is Coming to an End

Major darknet markets come and go in eras, so it seems, and the current one may be ending. Two of the biggest digital black markets seem to be disappearing, both at the same time. While it is notoriously hard to find reliable information about the status of these highly illegal endeavors, messages on darknet-specific forums like Dread and reports by darknet-focused news sites like Deep Dot Web indicate that digital black markets Dream Market and Wall Street Market have both become unusable. The former has halted trading altogether, while the…

Cryptocurrency Bear Market Wanes | Going through Accumulation

In recent weeks various industry observers have indicated that the cryptocurrency market is experiencing a bullish run.  The notion has received more support with a fresh report implying that the bear market is actually waning and it is in the accumulation phase. Heavy Accumulation According to a recently published report by Adamant Capital, Bitcoin is already experiencing heavy accumulation, and the phase will bring its price to between $3,000 and $6,500, at least until the bullish run gains momentum. Bitcoin whales are already accumulating the major cryptocurrency synonymous to the…

Crypto Market In Corrective Decrease: EOS, Bitcoin Cash, TRX, ADA Price Analysis

The total crypto market cap recently broke the key $170.0B support area. EOS price declined sharply and broke the $5.40 and $5.25 support levels. Bitcoin cash price declined around 4% and broke the $295 and $290 support levels. Tron (TRX) price failed to gain traction and cleared the $0.0252 support zone. Cardano (ADA) price is under pressure and it could decline towards the $0.0700 support. The crypto market is in a corrective decrease, with losses in bitcoin (BTC) and Ethereum (ETH). EOS, BCH, ripple, tron (TRX), ADA, BNB, and other…

Bitcoin Mining Finally Profitable – Does That Prove We’re in a Bull Market?

Get Exclusive Analysis and Investing Ideas of Future Assets on Hacked.com. Join the community today and get up to $400 in discount by using the code: “CCN+Hacked”. Sign up here. Get Exclusive Analysis and Investing Ideas of Future Assets on Hacked.com. Join the community today and get up to $400 in discount by using the code: “CCN+Hacked”. Sign up here. By CCN: According to Alex Krüger, an economist and a global markets analyst, the breakeven cost for efficient bitcoin mining operations currently hovers at around $3,550. The bitcoin mining operational…