Cryptocurrencies were mostly lower on Friday as buyers took profits after a short-squeeze rally. Bitcoin was trading at just below the $40,000 resistance level at press time and is up about 15% over the past week. Bullish sentiment has returned after a sharp sell-off in May and two months of consolidation above the $30,000 support level. Some analysts are optimistic and expect buyers to remain active above the 50-day moving average, which is at about $34,000 now. Latest prices S&P 500: 4395,… Source link

One early bitcoin (BTC-USD) investor has crunched the numbers on the crypto, and thinks it’s looking mighty undervalued at the moment.  “We did a study showing the number of people using bitcoin over the years and price of bitcoin. Both of those data series went up by an order of magnitude every two years. If that kept going, that would put bitcoin at $700,000 when everybody with a smartphone uses it. Ten years time is a reasonable forecast,” Pantera Capital founder Dan Morehead said on Source link

Newegg took to Twitter to announce that it is now integrating Litecoin payments on its e-commerce website. The integration comes with BitPay announcing that they now accept Litecoin payments. The payments provider said this in a press release on July 29th, announcing support for LTC in its app, BitPay Wallet. Furthermore, the press release revealed that Newegg will be the first merchant to accept Litecoin through BitPay. Keeping in line with the merchant being… Source link

During the early days of Bitcoin (CRYPTO:BTC), an estimated 25% of wallet users utilized the digital currency for illicit activities such as buying narcotics or illegal firearms, or as payment for human trafficking. It was impossible to catch the criminal syndicates behind the transactions back then. After all, cryptocurrency exchanges were once not legally required to verify customers’ identities — leading to widespread money laundering from… Source link

Ethereum Ethereum rose by 3.59% on Thursday. Following a 0.01% gain on Wednesday, Ethereum ended the day at $2,383.32. A mixed start to the day saw Ethereum fall to an early morning intraday low $2,267.78 before making a move. Steering clear of the first major support level at $2,248, Ethereum rallied to a late intraday high $2,399.99. Ethereum broke through the first major resistance level at $2,351 to end the day at $2,380 levels. At the time of writing, Ethereum was down by 0.45% to $2,372.50…. Source link

A software engineer has identified a flaw in the Decoy XMR algorithm with some privacy concerns. According to recent Monday tweets, developers of the Monero (XMR) privacy coin identified a flaw that affects transaction privacy. The official Monero Twitter account cautioned users that the Decoy mechanism is “a very substantial flaw.” The software engineer Justin Berman initially spotted the problem when he observed that if a user uses their XMR tokens within 20 minutes (2 blocks)… Source link

Litecoin price triggers a falling wedge pattern, leading to a 33% gain over nine consecutive up days. LTC now illustrates a double bottom pattern, but heavy resistance may prevent a successful breakout. 2019 high of $146.00 resurfaces, raising doubts of the rally sustainability, despite impulsive rebound. Litecoin price confirms breakout from the governing falling wedge pattern on July 25, marking a turning point for the altcoin and introducing new technical… Source link

Software developer Justin Berman is investigating a privacy issue with the cryptocurrency Monero (XMR), exposing a bug. The Monero development team confirms that the bug, which could compromise privacy by revealing the target destination of transferred funds, lies in the cryptocurrency’s “decoy selection algorithm.” “A rather significant bug has been spotted in Monero’s decoy selection algorithm that may impact your transaction’s privacy.”   According to the… Source link

ATLANTA–(BUSINESS WIRE)–BitPay, the world’s largest provider of Bitcoin and cryptocurrency payment services, today announced support for Litecoin in the BitPay Wallet app. Consumers can buy, store and swap crypto in addition to buying gift cards safely and securely. Starting this week, businesses using BitPay are expected to be able to accept Litecoin as a payment method from any wallet. Newegg.com will become the first merchant to accept Litecoin through BitPay just as it was… Source link

LOS ANGELES–(BUSINESS WIRE)–Newegg Commerce, Inc. (NASDAQ: NEGG) (“Newegg” or “Company”), a leading tech-focused e-retailer in North America with a global customer base, announces that it is expected to become the first merchant to accept Litecoin (LTC) cryptocurrency as a payment method on the BitPay platform starting this week. Customers shopping on Newegg.com will have the option of paying with Litecoin using the BitPay Wallet app. “Newegg has always been able to… Source link