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Ripple Co-Founder Donates $25 Million in XRP to San Francisco State University
Chris Larsen, the co-founder of Ripple, and his wife, Lyna Lam, have donated $25 million in XRP to San Francisco State University. There are a number of different resources that colleges can tap into for funding, such as the government and businesses. However, nothing beats alumni when it comes to raising capital for endowments. San Francisco State University is a prime example of this as they have just received a $25 million donation from the co-founder of Ripple, Chris Larsen, and his wife, Lyna Lam. The donation was announced at a recent university celebration. Larsen graduated from San Francisco State University back in 1984 from the school's College of Business. The donation is in the form of XRP and is coming from Rippleworks, the nonprofit foundation created by Ripple's founders.

Korean Crypto Exchange Execs Sentenced to Jail Time Over Faked Trading Volume
Two top executives from the South Korean cryptocurrency exchange Komid will be serving jail time for faking artificially high trade volumes, according to reports. On January 17th, Komid CEO Hyunsuk Choi and in-house director Mo Park were sentenced to jail terms for their roles in orchestrating fraudulent trading volume on the exchange. Prosecutors assigned to the proceedings described how Choi and Park faked 5 million transactions on the exchange, artificially inflating trade volumes to deceive investors and attract new users to the platform. It is estimated that the scheme netted the pair close to 50 billion won ($44.3 million).

HSBC Used Blockchain to Settle $250 Billion Worth of Forex Trades
One of the largest banks in the world, HSBC, has revealed that blockchain technology has assisted them in settling $250 billion worth of forex trades. The versatility of blockchain technology has resulted in its integration into a range of businesses across various industries. From art to health to sports, its attraction and functionality cannot be dismissed. The financial sector is one such industry where the wonders of the blockchain have been embraced. In fact, according to TechRadar, HSBC, the major financial services company, has stated that the technology helped them move billions of dollars over the last year.

Fake Bittorent Token (BTT) Website Emerges to Scam Investors
Usually, when a cryptocurrency scam gets reported, it happens after someone has fallen victim to the scam. This time, however, a scam involving the upcoming BitTorrent token sale (BTT) has been discovered before it has had a chance to steal from would-be investors. A short while ago, I got pulled into a Telegram channel called BitTorrent BTT that was claiming to be the official channel. With great fanfare, they announced that the BTT token sale had begun and directed users to the supposed token sale website, On clicking the link, I was taken to a website that is branded to look nearly identical to a page from Binance's News section (see screenshot comparison below).

Bitcoin Cash Price Analysis: BCH/USD Long-Term Slide Continuation
Bitcoin Cash is still trending lower inside its descending channel but is hovering around the mid-channel area of interest. If this keeps holding as a ceiling, the price could be due to resume its long-term slide. Bitcoin Cash has yet to test the Fib levels on what seems to be a correction, though, so there could still be some upside. The 38.2% level is at the $300 area while the 50% level is closer to $350 and the channel top. The 61.8% retracement level is near the 200 SMA dynamic inflection point, which may be the line in the sand for a pullback. On the subject of moving averages, the 100 SMA is below the longer-term 200 SMA to indicate that the path of least resistance is to the downside. In other words, the selloff is more likely to resume than to reverse. The 100 SMA is holding as dynamic resistance as well. In that case, BCH could be on track to revisit the swing low or the channel bottom.

Gaming Pays Off! 20 Bitcoin Donation Given to Twitch Streamer
A Twitch streamer, Sick Nerd, know for playing Old School RuneScape, was given a 20 Bitcoin donation during a recent stream. Since video games first burst upon the scene in the 1970s, every gamer has dreamed of being able to make a living by playing such games. Such hopes were often dashed by mothers demanding the players get off their butts and take out the trash or clean their rooms. However, such is no longer the case with professional eSports and online streaming channels. One gamer netted a hefty haul when he received a 20 Bitcoin (BTC) donation during a recent livestream. This massive gift occurred during a livestream by Sick Nerd, an online gamer who plays Old School RuneScape. For those not knowledgeable about online games, RuneScape has long been one of the biggest mmo games on the market. Old School RuneScape is a different version of the current game as it is a throwback to the original classic released back in 2001.

NZ Crypto Exchange Cryptopia Hacked, Suspicious Withdrawals Suggest Possible $3.6 million Stolen
New Zealand cryptocurrency exchange Cryptopia has been hacked. Although the amount stolen has yet to be revealed, the representatives from the exchange are describing the losses as significant?. The hack, which occurred yesterday, was reported by Cryptopia via its official Twitter account early this morning. It is also worth noting that the exchange had been undergoing unscheduled maintenance since January 13th. Upon discovery of the breach, the exchange was immediately put into maintenance mode while they work to determine the full extent of damages. Cryptopia Exchange (@Cryptopia_NZ) January 15, 2019

Airdrop Roundup: High Paying Airdrops for the Week of January 13, 2019 - Total Value: $198.50+
Airdrop Roundup is a new feature on BitcoinerX where each week we search for and bring you some of the highest paying airdrops in the crypto space. So sit back, buckle up, and get ready to collect those sweet, sweet tokens! According to their website, Energi aims to be the world's leading cryptocurrency with the unification of Smart Contracts, Governance & Self-funding Treasury to ensure longevity and enable rapid growth. The Energi airdrop is being held in multiple rounds with each round being open to specific countries. The first round is complete, but Round 2 and 3 are already underway and open to residents of the USA, Canada, the EU, Australia, or New Zealand. By signing up and completing basic tasks and KYC, you can earn up to 100 NRG plus additional tokens for referrals.

Ethereum Price Analysis: ETH/USD Bounce or Break with Constantinople?
Ethereum is testing a major area of interest as traders await the Constantinople upgrade. Price is testing the former resistance turned support level around $120 and could be due for either a bounce to the Fib extension levels or a deeper slide back to the swing low. The 100 SMA is above the longer-term 200 SMA to indicate that the path of least resistance is to the upside. In other words, the climb is more likely to gain traction than for the selloff to carry on. Note that the recent slide was likely due to liquidation ahead of this upgrade after all. Also, the 200 SMA may continue to hold as dynamic support at the area of interest. If it's able to keep losses at bay, Ethereum could climb to the 38.2% resistance at $150 or the swing high near the 61.8% extension of $160. Stronger bullish pressure could take it up to the 78.6% extension at $184 or the full extension at the $200 major psychological level.

Bitcoin Price Analysis: BTC/USD Stronger Bounce Underway?
Bitcoin managed to keep its head above the key $3,600 barrier but is still facing plenty of nearby resistance levels. After all, this might be a mere pullback from an ongoing downtrend. The price is inside a descending channel with its lower lows and lower highs. Support held and a correction to the resistance may be underway. In addition, the Fibonacci retracement tool shows where more bears might be waiting. Bitcoin is closing in on the 38.2% Fib that lines up with the mid-channel area of interest. A larger pullback could last until the 61.8% Fib near the top of the channel, a broken short-term rising trend line, and the $4,000 major psychological mark. If any of the Fibs hold as resistance, the price could slump back to the swing low or the bottom of the channel closer to $3,500.

Estate of Drug Kingpin Pablo Escobar Launches Stablecoin to Fund Trump Impeachment Campaign
The estate of Pablo Escobar has launched a stablecoin to fund the impeachment of U.S. President Donald Trump. Since the 2016 U.S. presidential election, the political left has been dreaming of getting rid of Donald Trump. Numerous investigations have been launched to prove some form of collusion between the Trump campaign and Russia, but so far, investigators have essentially only found a few people who gave inaccurate testimony and the fact that Trump paid a porn actress for sex 12 years before. However, Democrats have a new ally in their goal of impeaching Trump the estate of notorious drug kingpin Pablo Escobar. Even more interesting is that a new cryptocurrency is being used to fund the campaign.

Tron Price Analysis: TRX/USD Bullish Wave Resuming?
Tron recently broke out of its long-term descending trend line to signal that a reversal is underway. Price pulled back upon hitting the 0.0360 area but seems to be done with its correction now. Tron is bouncing off the 61.8% Fibonacci retracement level that lines up with the 0.0215 level and is close to the 200 SMA dynamic inflection point. If this is enough to keep losses at bay, the price could resume the climb to the swing high and beyond. A deeper correction could still draw support at the 100 SMA dynamic inflection point close to the broken trend line. The shorter-term moving average is below the longer-term 200 SMA, though, indicating that the path of least resistance is to the downside or that the selloff is more likely to resume than to reverse.

Bitcoin Price Analysis: BTC/USD Bearish Pressure Still in Play
Bitcoin is still under some downside pressure after the sharp decline last week, bringing it down to the area of interest in a new descending channel forming. A break below the $3,600 level could bring in more losses. However, the 100 SMA is still above the longer-term 200 SMA to indicate that the path of least resistance is to the upside. This suggests that there may be a chance for buyers to take over. Then again, the gap between the indicators is narrowing to signal weakening bullish momentum and a potential downward crossover. If so, more sellers could pile on and take the price all the way down to the very bottom at the $3,000 mark or the previous year lows around $3,200. Stochastic is already indicating oversold conditions, though, which suggests that sellers may be exhausted and willing to let buyers take over.

Cryptocurrency Miners Sue Washington State Utility Over 50 Percent Rate Hike
A group of nine cryptocurrency companies has filed a lawsuit against Washington State's Grant County public utility district (PUD) and its commissioners in response to a new phased rate hike that would increase their energy costs by fifty percent. The complaint, which was filed on December 19, 2018, in the U.S. District Court in Spokane, WA, alleges that the Grant PUD and its commissioners acted illegally and unconstitutionally when they voted to enact a new higher rate classification in August of last year. During a meeting held on January 8th, utility officials agreed that Grant PUD would cover the legal defense costs for commissioners Tom Flint, Dale Walker, and Larry Schaapman, former commissioners Terry Brewer and Bob Bernd, and 10 unnamed Grant PUD employees.

New Bitcoin ETF Proposal by Bitwise Aims to Allay SEC Fears
Bitwise has submitted a new Bitcoin ETF proposal to the SEC with new features to allay the government agency's fears. The march for greater cryptocurrency acceptance marches on, with new businesses accepting virtual currencies every day. However, such progress is still being impeded in the United States by the federal government, notably the Securities and Exchange Commission (SEC). The SEC has continued to deny the launching a Bitcoin ETF. In their latest proposal, Bitwise offers up an ETF that has key features designed to allay the concerns of the SEC. In recently filed paperwork, Bitwise Asset Management has proposed a physically held Bitcoin exchange-traded fund. This new fund is to be the Bitwise Bitcoin Total Return Index, which would track BTC and any meaningful hard forks.

Buying a Car in Singapore? Now You Can Pay with Cryptocurrency
In a first for Singapore, Bizkey, a payments processing firm, has facilitated the first car purchase using cryptocurrency. While cryptocurrencies continue in a prolonged bear market, there is no doubt that the adoption has been steadily growing across the globe. Residents of Singapore can now purchase a car and make payment with cryptocurrencies. David Lau, a businessman based in the South-east Asian country became the first resident to buy a car using Ethereum (ETH). The development was reported earlier on Thursday by Business Insider. Lau drove off in an $84,000 Honda Vezel, paying the equivalent of $10,000 in ETH upfront. The customer will shell out an additional $32,000 in ETH over many weeks. The remaining amount has been financed with a bank loan.

$10 Million Monero Ransom Demanded for Return of Norwegian Millionaire's Wife
The kidnappers of Anne-Elisabeth Falkevik Hagen, the wife of a Norwegian millionaire, are demanding a ransom of $10 million in Monero. One perception that cryptocurrency has to constantly fight is that it's mainly used for illicit transactions. Such is not the case, but the mainstream media and pop culture (movies and TV) tend to push such a narrative. Monero (XMR) is a crypto that is often associated with cryptojacking, wherein hackers use malware to get other people's computers to mine the coin. Now the privacy-focused coin is being demanded as a ransom payment in the kidnapping of a 68-year-old woman in Norway.

Venezuela Claims U.S. Discriminating Against Petro Cryptocurrency
Venezuela has filed a complaint with the World Trade Organization (WTO), alleging that the United States is guilty of discriminatory measures against the Petro cryptocurrency. The ongoing dispute between Venezuela and the United States has taken another turn. However, this latest instance deals with the cryptocurrency sphere namely, the Petro. The Venezuelan government has filed a complaint with the World Trade Organization (WTO) that accuses the U.S. of a host of coercive issues, with one such issue being the U.S. is guilty of discriminatory measures against the country's state-issued Petro cryptocurrency.

Bitmain Co-CEOs to Step Down, Will Still Make Final Call on Key Decisions
Big changes are coming to Bitmain Technologies as co-founders Jihan Wu and Ketuan Zhan are said to be stepping down from their posts as co-CEOs of the Bitcoin mining giant. The South China Morning Post (SCMP) reported yesterday that Beijing-based Bitmain Technologies the world's largest manufacturer of cryptocurrency mining rigs is getting ready to appoint a new CEO to replace Wu and Zhan. While there has been no official word on who will be taking over as CEO, sources familiar with the matter believe that engineering director Haichao Wang is the most likely candidate. Wang reportedly began taking over Wu and Zhan's duties back in December of last year.

Bitcoin Cash Price Analysis: BCH/USD Sharp Consolidation Breakout
Bitcoin Cash made a sharp downside break from its symmetrical triangle consolidation pattern, indicating that a slide of the same height is in the works. This pattern spans $140 to $185, so there may still be some room to head south. The 100 SMA is below the longer-term 200 SMA to confirm that the path of least resistance is to the downside or that the selloff is likely to gain traction. After all, the gap between the moving averages is widening to signal accelerating selling momentum. However, RSI is already starting to pull up from the oversold region to signal a return in bullish pressure. Stochastic was also in the oversold zone for quite some time to reflect exhaustion among sellers and a possible pickup in buying momentum. In that case, a pullback to nearby resistance levels may be in the works.

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