Bears Push Bitcoin Price Back Below $8,000

Join our community of 10 000 traders on Hacked.com for just $39 per month. The bitcoin price fell back below the $8,000 level on Tuesday after the flagship cryptocurrency failed to receive a Bitcoin Pizza Day bump. Bitcoin had briefly peaked above $8,600 on Monday, giving investors a false hope that it would make a run back toward $9,000. Unfortunately, this rally proved unsustainable, and the bitcoin price entered Tuesday morning trading near $8,400 and continued to decline throughout the day. Shortly before 22:40 UTC, the bitcoin price slipped below…

New Malware MEWKit | Watch Your Accounts On Myetherwallet

According to security research firm RiskIQ, a criminal group planned a phishing attack using a malware called MEWKit. A Phishing Attack Program Called MEWKit This new type of phishing crime is called MEWKit. This kind of program will steal money from the victim’s wallet through a front-end program that mimics the MyEtherWallet. According to security researchers, criminals using MEWKit will also use fake web pages to obtain the details of their users’ personal information and use this information to make automatic transfers. According to reports, once the victims decrypt their wallets, the…

French Finance Minister Bruno Le Maire

Blockchain technologies and cryptocurrencies keep gaining followers in a new course of action that is notably refreshing for the markets.  One of the most notable “embracers” was the French Minister of Finance, Bruno Lemaire, who declared himself to be passionate about cryptocurrencies: Alex Stachtchenko, co-founder of Blockchain Partner, a startup focused on providing consulting services in the use and implementation of blockchain technologies, made the information public. One of the key points of this statement is that it seems to imply that the cause of his previous scepticism was a…

8 Years Later – Where Can You Buy Pizza With Bitcoin?

Bitcoin Pizza Day is celebrated annually by the Bitcoin and cryptocurrency community – marking an important, yet comical milestone for the virtual currency. 8 years ago, a user paid for two pizzas using Bitcoin, in what is hailed as the first ever instance that the cryptocurrency was used to pay for goods. The moment is immortalized online in a Bitcointalk.org forum, where a programmer called Laszlo Hanyecz confirmed that he’d bought two pizza for 10,000 BTC from Papa John’s Pizza in America. Hanyecz had initially solicited users in the forum…

Ali Baba & PayPal Reject Crypto as a Medium of Exchange

Big investors and business icons are rejecting cryptocurrency as a viable medium for exchange. The market has been struggling to become a “reliable currency” despite several countries legalizing digital currencies and crypto exchanges. Bearish remarks from trend makers have been negatively impacting the crypto market. Bitcoin price (BTC) plummeted to the $8,000 level while the entire cryptocurrency market capitalization dipped to $80 billion in the last two weeks. Jack Ma, executive chairman and founder of Alibaba (NYSE:BABA), has claimed; “Bitcoin is a bubble”. He says the company is not planning to…

Cryptocurrency Market Volatility | Too Dangerous for Future Prospects

Cryptocurrency market volatility: Cryptocurrencies are the most volatile asset in the world. Because of this, the global financial system finds it difficult to consider them as viable alternatives to fiat currencies. The crypto market has the potential to generate or wipe-off billions of dollars in few hours alone. Bitcoin (BTC), for instance – which is the leader of the cryptocurrency market – has produced huge upside and downside volatility in the last five quarters. The BTC coin rose from $1,000 level at the beginning of fiscal 2017 to an all-time high…

Why Large Investors Aren’t Scared by the Bitcoin Price Drop

Join our community of 10 000 traders on Hacked.com for just $39 per month. Avi Salzman, a senior editor for Barron’s magazine, released a report this week featuring big money investors and executives from the rapidly growing cryptocurrency sector who generally believe, despite the recent bitcoin price drop, cryptocurrency will inevitably replace fiat. Inevitable Outcome Over the past five months, the valuation of the cryptocurrency market has dropped by more than 55 percent, from $829 billion to $372 billion. In January, at its peak, the valuation of the cryptocurrency market…

Crypto Debit Cards | Visa UK’s Former CEO Joins Crypterium to Develop Payment Method

Last week, on May 19, former Visa UK and Ireland CEO Marc O’Brien said in an interview with Business Insider that he had been named CEO of a cryptocurrency startup named Crypterium. O’Brien was the CEO of VISA UK from 2008 to 2014. During the interview, he said that the Crypterium team is working hard to promote the acceptance of cryptocurrencies like Bitcoin and Ethereum and make them legitimate payments. Tools that allow users to use them for daily product and service transactions, tools like crypto debit cards. “Currently, cryptocurrency is…

Crypto Scams | Find Out Who Was the Lastest Victim

Crypto scams are a prominent problem within the crypto industry. Even though the problem has been addressed on many occasions, and many are fighting to solve it, that doesn’t mean that the general public can sit back and not do their part to stay vigilant.  By being duped by these scams, you run the risk of ending up like Australian consumers in 2017. What does that mean? Read on, you’ll soon understand.  Crypto Scams Hit Australia  Yesterday, Australia announced that its consumers lost over $2.1M to crypto scams last year.…