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Cryptocurrency exchange Bitfinex announced that it will be offline for up to seven hours next week. Cryptocurrency exchange Bitfinex announced that it will be offline for up to seven hours next week in a Medium post published on June 20. Per the announcement, the exchange will go offline for up to seven hours to carry out system upgrades on June 26. The post further specifies that Bitfinex’s hybrid counterpart Ethfinex will also close for maintenance at the same time. The downtime is similar to that announced by major cryptocurrency exchange Binance before its scheduled system upgrade in May. As Cointelegraph reported at the time, the exchange warned its users that deposits, withdrawals, and trading would not have been possible for roughly six to eight hours. Bitfinex states that the update is meant “to enhance the stability and scalability of the iFinex matching engine.” During the upgrade, the platform’s user will not be able to trade, view, or access their wallets on the exchange. ..
Bitcoin futures briefly exceeded $10,000 on the Chicago Mercantile Exchange for the first time since early March 2018. Bitcoin (BTC) futures on the Chicago Mercantile Exchange’s (CME) briefly broke $10,000 on Friday, June 21, according to data from trading analytics platform TradingView. CME bitcoin futures 24-hour chart. Source: TradingView BTC futures reached a new high for 2019 of around $10,050, breaking $10,000 for the first time since early March 2018, when bitcoin was trading above $11,000 per coin. The new 2019 record has grown in line with the new highs of CME bitcoin futures total open interest (OI) that has reportedly reached around $273 million after CME reported new all-time high of 5,311 contracts totalling $256 million earlier this week. At the time, CME stressed that the OI spike came amid increased popularity from institutional investors. Open interest rate on CME bitcoin futures. Source: ZeroHedge A Bitcoin futures contract is an agreement to purchase or sell bitco..
Most of the top 20 cryptocurrencies are reporting moderate gains on the day as bitcoin approaches $8,000. Wednesday, June 12 — most of the top 20 cryptocurrencies are reporting moderate gains on the day by press time, as bitcoin (BTC) approaches the $8,000 mark again after breaching it earlier today. Market visualization courtesy of Coin360 Bitcoin is currently up over 2% on the day, trading around $7,987 at press time, according to Coin360. Looking at its weekly chart, the coin is up nearly 4%. Bitcoin 7-day price chart. Source: Coin360 Ether (ETH) is holding onto its position as the largest altcoin by market cap, which currently stands at just under $26.4 billion. The second-largest altcoin, Ripple’s XRP, has a market cap of $16.6 billion at press time. Coin360 data shows that ETH has seen its value increase by about 3.15% over the last 24 hours. At press time, ETH is trading around $248. On the week, the coin has also gained over 2.8% of value. Ether 7-day price chart. Source: C..
The Stellar network went offline for over an hour, raising concerns about decentralization. Recently, blockchain-powered network Stellar stopped confirming transactions for more than one hour, effectively going offline. Although no money was reportedly lost as a result, Stellar’s major issue has now been highlighted publicly: The project is not decentralized, at least not to the extent expected at this point. Notably, the offline scenario was predicted by researchers earlier last month. Brief introduction to Stellar and its networkStellar is a platform for money remittance. It was launched in 2014 by Jed McCaleb, founder of Mt. Gox and co-founder of Ripple, and former lawyer Joyce Kim. Stellar’s native asset is the lumen (XLM), currently the ninth-largest cryptocurrency by market cap. The Stellar network, in turn, is designed as a decentralized peer-to-peer network of validator nodes. Stellar Core software is used by the nodes to confirm transactions. To reach global consensus with ot..
Ethereum price prediction 2019 has been a mixture of bearish and bullish waves for the past few months. At first, everything was positive. Ethereum was rising significantly against the USD due to a combination of factors like the Ethereum Constantinople hard fork anticipation about Serenity and the general positive sentiment in the market. The second largest cryptocurrency per market capitalization went from double digits in December to triple digits in January. In the first week of April, the price of Ethereum moved above the the $180 level and everyone was sure that it would cross $200. Unfortunately, that didn’t happen. The price of Ethereum started falling against the USD just like the rest of the cryptocurrency market. This morning, the price of Ethereum quickly went from red to green following a conversation between Tesla’s Elon Musk and Ethereum’s Vitalik Buterin. Ethereum Price Prediction 2019 – Ethereum News Today – Ethereum Price Forecast – Elon Musk And Vitalik Have A Littl..
After briefly breaking $5,300, Bitcoin retreated to below $5,200, while most of the top 20 cryptos slipped today. Monday, April 8 — Bitcoin (BTC) and Ethereum (ETH) have continued gaining momentum, while most of the top 20 coins by market cap have plunged in the red today. Ontology (ONT) and Bitcoin Cash (BCH) are seeing the biggest losses out of the top 20 coins, down 7.6 and 6.4 percent over the past 24 hours at press time, according to CoinMarketCap. Market visualization from Coin360 The largest cryptocurrency, Bitcoin, has continued to climb today, with its price reaching as high as $5,315 earlier in the day. At press time, Bitcoin is slightly up by 0.4 percent, trading at around $5,171. Having continued hitting multi-month highs, Bitcoin is up 24.4 percent over the past 7 days. Bitcoin 24-hour price chart. Source: CoinMarketCap The top altcoin, Ethereum, is seeing the biggest gains among the top 20 coins by market cap, up 5.3 percent over the day. The second-biggest crypto is t..
Bitcoin briefly broke the $4,100 threshold for the first time since Feb. 24, while top 20 coins by market cap traded sideways. Friday, March 29 — Bitcoin (BTC) has hit a monthly high of $4,112 today, while top 20 cryptocurrencies by market cap are trading sideways. Many of the top 20 coins are in red at press time, with Maker (MKR) seeing the biggest losses of almost 5 percent, while Tezos (XTZ) rallied over 15 percent over the past 24 hours. Market visualization from Coin360 The biggest cryptocurrency Bitcoin has hit a multi-week high of $4,112 earlier today, continuing a moderate growth over the day. Bitcoin is up around 0.3 percent at press time, trading at $4,099. The major crypto was trading below $4,100 mark after Feb. 24 when total market cap suddenly dropped from $144 billion to as low as $127 billion. Bitcoin is up around 1.5 percent over the past 7 days. Bitcoin 7-day price chart. Source: CoinMarketCap Ethereum (ETH), the second largest cryptocurrency by market cap, is up ..
The cricket organization’s official Twitter account was compromised for several hours, but attackers appeared to make just $70. South Africa’s national cricket organization briefly fell victim to scammers on Twitter and began offering a fake Bitcoin (BTC) lottery, Indian daily news outlet Indian Express reported on Jan. 14. Cricket South Africa (CSA), which has over 1 million followers, tweeted its alleged participation in the scheme in the early morning. Staff claimed the organization had begun a partnership with Luno, a United Kingdom-based cryptocurrency wallet, through which users could win a prize worth 20 BTC ($70,900). The now-deleted tweet included a Bitcoin address to which those wishing to be involved should send a 0.01 BTC, and was active for around five hours. “Apologies to all our Twitter followers who were affected by the hack overnight,” CSA subsequently wrote in a follow-up tweet after confirming their Twitter was back under their control. In a separate message, Luno a..
Following the bloody weekend, altcoins try to recover against the USD. Unfortunately, Tether (USDT) was able to take the 4th position from Stellar (XLM) during the bloodbath this weekend. Keep in mind the price of all cryptocurrencies fell this weekend with most of them reaching new yearly lows. The total market capitalization almost dropped below the $100 mark. While it was able to hold above the position this weekend, it’s only a matter of time until it falls below this level with the current state of the market. Stellar (XLM) Briefly Gets Kicked Out Of The 4th Position As Cryptocurrency Market Tumbles On Saturday, the price of BTC fell as low as $3,195. Although it quickly recovered to $3270 before the end of trading that day, analysts believe that it’s only a matter of time until the price will get to $3000. While this level is expected to be BTCs bottom, there are chances that it may fall below this level if it doesn’t break the descending trendline soon. Within a seven day perio..
The crypto markets are today back in the red, with virtually all of the top 20 cryptocurrencies seeing losses within a 4-10% range. Friday, Nov. 30 — After a short-lived spike earlier this week, the crypto markets are today back in the red, with virtually all of the top 20 cryptocurrencies seeing losses within a 4 and 10 percent range, as data from Coin360 shows. Market visualization by Coin360 Bitcoin (BTC) has had a volatile week, jaggedly trading between its low of around $3,600 (Nov. 25) and high of $4,400 (Nov. 29). As of press time, the top coin is at $4,037, down 6.3 percent on its 24-hour chart, according to CoinMarketCap. Today’s negative momentum briefly brought the asset below the $4,000 mark, before it stemmed losses somewhat in later trading hours. On the week, Bitcoin is around 6 percent in the red; monthly losses are at a stark 36.3 percent. Bitcoin 7-day price chart. Source: CoinMarketCap Second-largest ranked crypto asset, Ripple (XRP), is down 5.5 percent on the da..
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