Cryptocurrency News With URL like cryptoiq.co

Crypto Exchange Cryptopia Claims It's Been Hacked, Goes Offline After Months of Problems; Users Cry Exit Scam Crypto.IQ | Bitcoin and Investment News from Inside Experts You Can Trust - CryptoIQ
The Cryptopia cryptocurrency exchange has announced that it has been hacked and is coordinating with police to investigate. This announcement follows two continuous days of unscheduled maintenance, during which time $2.5 million of Ethereum (ETH) and over $1 million of various ERC-20 tokens have been drained from the exchange. Officials are unavailable for comment, but based on the wording of this statement relative to past statements from hacked cryptocurrency exchanges that suffered a similar fate, it is possible that this is the end of Cryptopia. The shutdown of Cryptopia follows months of problems and complaints, available on the Cryptopia Bitcointalk thread. For most of 2018, many different cryptocurrencies on Cryptopia were put into maintenance mode. In recent months, users complained of having problems withdrawing major cryptocurrencies like Bitcoin (BTC), Dogecoin (DOGE), and EOS. That's not too unusual. Reputable exchanges have complaints from users about withdrawals, but it seems Cryptopia users don't come back to report that their problem was resolved, and new complaints roll in.
BREAKING: Ethereum Classic (ETC) Hit With 51 Percent Attack A Week Before Ethereum (ETH) Constantinople Hard Fork Crypto.IQ | Bitcoin and Investment News from Inside Experts You Can Trust - CryptoIQ
Ethereum Classic (ETC), which is listed on Coinbase and ranked number 17 on CoinMarketCap with a market cap near $550 million, has been hit with a 51 percent attack. The attack appears to have occurred from 9 p.m. Jan. 6 to just after midnight on Jan. 7 and resulted in a blockchain reorganization hundreds of blocks deep. This news is just breaking now, and ETC's price is down 7 percent, shaving $40 million off its market cap. The number of double spends during this 51 percent attack, if any, is unknown at this time. It is recommended to wait for 400 plus confirmations before accepting any Ethereum Classic (ETC) transaction.
Big Coins Technicals: Bitcoin Cash (BCH), Ethereum (ETH), Total Market Cap Crypto.IQ | Bitcoin and Investment News from Inside Experts You Can Trust - CryptoIQ
The news on Bitmain today brings Bitcoin Cash back to the forefront of the technical picture as we look for signs of distressed selling and a possible major dislocation lower.   Looking at Bitcoin Cash (BCH) on both Coinbase (Figure 1) and Bitstamp (Figure 2), we see that BCH has just hit and obviously rejected big Fib speed resistance lines. On the charts of both exchanges, the setup is the same as from the start of the November crash. These charts, along with the potential for distressed selling from Bitmain, may create systemic risk for crypto . Another Bitcoin Cash (BCH) problem is how it could spill over into Ethereum (ETH). The Fib speed line picture for Ethereum (ETH) shows today's 15 percent plus down move looks just like the start of the last two Ethereum (ETH) crashes in July and November (Figure 3). The upcoming Ethereum hard fork harkens ghosts of the Bitcoin Cash (BCH) hard fork that ignited the November avalanche.
Bitmain Co-Founders Relinquish Power After Catastrophic Bitcoin Cash (BCH) Investment, Drop in Mining Sales, and IPO Bust.
Bitmain is the largest manufacturer of cryptocurrency mining equipment in the world, and it has been taking the brunt of the mining downturn associated with the continuing bear market . Two weeks ago, Bitmain announced it would be firing more than half of its 3,000 employees. Now, it has been revealed that the co-founders of Bitmain, Jihan Wu and Micree Zhan , are stepping down, and it appears Wang Haichao will be the new CEO. Wu and Zhan will stay on as co-chairs, meaning they will stop being involved in day-to-day activities, but major decisions will have to be approved by them. This unexpected shift in power is perhaps the result of the triple failure of the Bitmain IPO not happening, Bitmain's investment into Bitcoin Cash (BCH) turning into a big bust, and the overall crash in the crypto mining industry, which has caused sales of Bitmain's mining equipment to dry up.
Crypto's Top 50 (Part Six): Bitcoin Gold (BTC), Quantum (QTM), OmiseGo (OMG), Crypto.IQ | Bitcoin and Investment News from Inside Experts You Can Trust - CryptoIQ
This is the sixth part of a series that will cover all of the top 50 Cryptocurrencies and provide an introduction to what the coin does, why it matters, and any important highlights. The goal of the Top 50 series is to give readers a basic understanding of each coin that simplifies a thorough technical understanding down into a few easy to understand points. The ranking of coins changes on a day by day basis and may not always reflect the order in this article. Bitcoin Gold is a fork of Bitcoin that occurred in 2017. The main focus of the Bitcoin Gold fork was to eliminate the increasing dominance of ASIC miners , the specialized mining units that provide tremendously increased hashing power over GPUs and CPUs.
Beware Of Cryptos Copying Bitcoin Crypto.IQ | Bitcoin and Investment News from Inside Experts You Can Trust - CryptoIQ
Bitcoin (BTC) is the one and only king of cryptocurrency . Bitcoin has by far the highest market cap at $68 billion with a price of $3,800 per coin as of today. Bitcoin's trading volume on the spot markets is in excess of $4 billion per day, far higher than any other cryptocurrency , and this does not even account for the billions of dollars traded in the over the counter (OTC) and peer to peer markets. In short, Bitcoin is the most widely adopted cryptocurrency and is considered the primary global cryptocurrency. Other cryptocurrencies try to piggyback off Bitcoin's reputation, copying Bitcoin's name, including Bitcoin Cash (BCH), Bitcoin SV (BSV), Bitcoin Gold (BTG), Bitcoin Diamond (BCD), Bitcoin Private (BTCP), and Bitcoin HD (BHD).
Bitcoin Becoming Easy Payment Option for Merchants Crypto.IQ | Bitcoin and Investment News from Inside Experts You Can Trust - CryptoIQ
Most merchants, businesses , and non-profits are eager to learn more about how to integrate Bitcoin into their businesses, but the majority also think that it is not feasible for them to do so. The most common misconception is that, in order to accept Bitcoin at your business, you must create a Bitcoin wallet and accept actual Bitcoin. If this were the case, you would stand a chance of losing (or gaining) value as the price of Bitcoin changes during the time window between making the purchase, receiving the Bitcoin, and selling it at a later point. It would also require every merchant or business to be well versed in managing a wallet and exchange account.
1.1 Million Bitcoin Lawsuit Alleging Craig Wright Is Satoshi Continues Crypto.IQ | Bitcoin and Investment News from Inside Experts You Can Trust - CryptoIQ
A 1.1 million Bitcoin lawsuit against Craig Wright in the United States District Court for the Southern District of Florida continues, with the latest ruling handed down on Dec. 27. The plaintiff is the Estate of Dave Kleiman, and it alleges Kleiman and Wright mined 1.1 million Bitcoins together during the early days of Bitcoin, and when Kleiman died, Wright laundered the money into his own accounts and did not give anything to Kleiman's heirs. The lawsuit further alleges that Craig Wright is Satoshi Nakamoto, which has been on and off a heated debate in the crypto space. In the latest order, the court dismisses two counts against Wright, while Wright must respond to the other seven counts by Jan. 10. Count three, which was dismissed, is an allegation that Wright misappropriated trade secrets belonging to Kleiman related to smart contracts and blockchain technology. Count four says the theft of trade secrets violates the federal defense of trade secrets act, and this count was also dismissed.
Bitcoin Cash Block Sizes Average Less Than 100 KB, Defeating The Point Of Its Creation
Bitcoin Cash (BCH) forked from the Bitcoin (BTC) blockchain in August 2017, amid a heated block size debate. At the time the Bitcoin network was undergoing congestion due to increased transaction frequency and transaction fees began to exceed $1, going as high as $3 in June 2017. The Bitcoin Cash community thought that increasing Bitcoin's block size limit was the best method to increase scalability. Initially, when Bitcoin Cash was created, it had a block size limit of 8 MB, and this was later increased to 32 MB. But Bitcoin Cash (BCH) has a very low rate of adoption, and block sizes currently average less than 100 KB, making the block size increase above Bitcoin's (BTC) 1 MB totally pointless, defeating the purpose of Bitcoin Cash (BCH).
Coinbase Chief Explains Rationale Behind Listing More Coins Beyond Bitcoin, Ethereum, and Litecoin [CryptoIQ]
Coinbase has long stood as an icon in the cryptocurrency world. During the altcoin explosion that took place during 2017, Coinbase distinguished itself from its peers by only listing 3 cryptocurrencies Bitcoin , Ethereum , and Litecoin . In contrast, exchanges like Binance have listed hundreds of different coins. Despite this, Coinbase has always existed as an exemplar of compliance and as such the most trusted cryptocurrency exchange in the eyes of the public despite its fair share of customer complaints. Coinbase's approach of only listing three established cryptocurrencies appears to be vindicated as the SEC has now cast a shadow over cryptocurrency by hinting that a large majority of coins may be classified as securities.
Constantinople Hard Fork Could Spell Doomsday for Ethereum Crypto.IQ | Bitcoin and Investment News from Inside Experts You Can Trust - CryptoIQ
The crypto space is still getting over the Bitcoin Cash fork, which led to the formation of Bitcoin SV along with an 80 percent price crash for Bitcoin Cash , a vicious lawsuit against the biggest backers of Bitcoin Cash. It also initiated an overall crypto space crash that has brought the market to the lowest levels of 2018. Now Ethereum s developers have made their final plans for a hard fork that is codenamed Constantinople. This fork will come at block 7,080,000, which will occur anywhere from Jan. 14 to 18. Constantinople has the potential to split the Ethereum community since it disenfranchises the miners who secure the Ethereum network.
Ethereum, EOS, Bitcoin, Bitcoin Cash Price Analysis Crypto.IQ | Bitcoin and Investment News from Inside Experts You Can Trust - CryptoIQ
Take Bitcoin as an example. Bitcoin was in a range from $5,800 to $6,800 for a four month period spanning from August to November. The price action was really quiet. In accordance with technical analysis theory, when the breakout occurred from a really, really quiet range, Bitcoin dropped sharply. We see a new development where there is a coming breakout from a quiet range in the cross rate between Ethereum and Bitcoin ( ETHBTC ). In this cross rate, price action has moved sideways since early September. Said plainly, the value of Ethereum and Bitcoin has been dropped at roughly the same rate of speed since September (Figure 1).
CME Groups Leo Melamed in November 2017: Well tame Bitcoin
The Chicago Mercantile Exchange (CME) launched Bitcoin futures on 17 December 2017, the same day the price of Bitcoin peaked near $20,000 and then began to crash, a crash that has lasted a year. Today, the price of Bitcoin is $3,200 and falling. The launch of the Bitcoin futures on CME and the drastic decline in Bitcoin's price is not a coincidence. The paper Bitcoins being printed on CME and simultaneous short selling are poisoning the entire crypto space. That's especially true since the CME Bitcoin futures are playing an increasing role in setting Bitcoin's global price as will be explained below.
UnitedCorp Suing Bitmain, Kraken, Bitcoin.com, and Roger Ver For Colluding To Take Over Bitcoin Cash Network For Personal Gain
UnitedCorp has launched a lawsuit in the United States District Court for the Southern District of Florida against global cryptocurrency mining powerhouse Bitmain , the Kraken cryptocurrency exchange which has hundreds of millions of USD of daily trading volume, Bitcoin .com which runs a popular news website and mining pool , and the CEO of Bitcoin.com, Roger Ver aka Bitcoin Jesus. UnitedCorp asserts that the defendants colluded to take control of Bitcoin Cash for personal gain, which caused massive losses to the Bitcoin Cash ecosystem. UnitedCorp seeks an injunction against the defendants, to prevent them from doing anything else to manipulate the Bitcoin Cash network, and also seeks an undefined amount of monetary damages. This news is perhaps why the price of Bitcoin Cash, which used to be Bitcoin Cash ABC, has fallen 14% in a day to USD 114, while the other fork of Bitcoin Cash, Bitcoin SV , has risen to USD 104. This is a narrower gap than ever before between the 2 forks of Bitcoin Cash, and it seems possible that Bitcoin SV could surpass Bitcoin Cash's price at some point.

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