Bitcoin, Ethereum, Ripple, Bitcoin Cash, EOS, Litecoin, Cardano, Stellar, TRON: Price Analysis, May 25

The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph.com. Every investment and trading move involves risk, you should conduct your own research when making a decision. The market data is provided by the HitBTC exchange. Larger players always have an unfair advantage over the retail traders as they have the money and the resources to manipulate prices. Many crypto investors have been complaining against the manipulation in the markets, which hurts small investors. If the U.S. Department of…

Czech Energy Company to Crowdfund Projects, Sell Gas With Crypto

A Czech gas and energy company Pražská plynárenská is planning to crowdfund energy projects in and around Prague with cryptocurrency, local news outlet Hospodářské noviny reported May 25. The gas company is looking to establish a new investment platform in the field of green and gas projects in the country, allowing interested parties to contribute both in Czech koruna and digital currency. In addition to making crowdfunding in crypto available, the company will also accept digital currencies as a form of payment for their services.   Pavel Janeček, chairman of the…

Move Over Verge | Stormy Daniels is Adding VIT to Her Porn Site

If you thought the porn industry wasn’t involved in crypto enough, then you’re in luck. Stormy Daniels is adding VIT to her adult website. Maybe you know Stormy Daniels from watching her, maybe you know her from her potential involvement with Donald Trump, maybe you don’t know her at all. Whichever the case, Stormy Daniels has partnered with Vice Industry Token (VIT) so that visitors to her site, StormyDaniels.com, will be rewarded with crypto for all their viewing pleasures. The adult movie actress’ site is run by Darkreach Communications, which…

Mining Pool of Hyundai-Related Blockchain Platform HDAC Suffers Hack

The mining pool of HDAC, a Korean blockchain-based IoT platform and issuer of the Hyundai-DAC token (DAC), has been hacked. This forced the company to temporarily halt withdrawals, TokenPost reported Thursday, May 24. HDAC’s founder Chung Dae-sun is the nephew of the CEOs of Hyundai Group and Hyundai Motors, the globally renowned car manufacturer. HDAC’s ICO was launched in 2017 by a conglomerate that includes Dae-sun’s software and construction firm Hyundai BS&C and its fintech and blockchain subsidiary HyundaiPay. According to TokenPost, HDAC’s mining pool server was breached by attackers…

Stormy Daniels Plays Crypto Card to Trump Adult Industry Competition

StormyDaniels.com will now be accepting the Vice Industry Token (VIT) as payment for viewing the website’s premium adult video content, PR Newswire reports today, May 25. The Vice Industry Token raised $22 mln in Ethereum (ETH) in 24 hours during its Initial Coin Offering (ICO) in February. The token, which can be earned by watching and interacting with videos on StormyDaniels.com and other sites on the VIT network, can then be used to purchase premium content across the network. CEO of Vice Industry Token Inc. Stuart Duncan said of the…

Bitcoin Price Drop From $20,000 Likely Due to Market Manipulation

Get exclusive analysis and cryptocurrency insights on Hacked.com for just $39 per month. Since December 17, the bitcoin price has been on a continuous decline, falling from $19,900 to $5,980 at its yearly low. While the bitcoin price has seen two mid-term recoveries and corrective rallies, both failed to test two major support levels at $12,000 and $10,000. Market Manipulation Theory Recently, a group of cryptocurrency researchers and traders suggested that the bitcoin price has began to fall from its all-time high at around $20,000, on the same day the…

Bitcoin’s Falling Price Nothing More Than Perception, Or Is There Manipulation?

This article does not contain investment advice or recommendations. Every investment and trading move involves risk, so you should conduct your own research when making a decision. The past few months in Bitcoin’s history have been very interesting to watch, especially when honing in on its price fluctuations as a gauge of where it is going next. From about November 2017 to now, Bitcoin has almost come full circle as its price skyrocketed to $8,000 and beyond to $20,000 before falling back to the $8,000 mark. Taking the time frame…

Chinese Blockchain Accelerator Offers Startups $ Mlns in Subsidies

The Blockchain Industrial Park in the eastern Chinese city of Hangzhou has announced subsidies for startups worth millions of dollars, in an announcement Thursday, May 24. As shown by the new policy, the industrial park is aiming to attract blockchain space talent by offering individuals and startups generous incentives. Highly-qualified blockchain specialists, for example, are being offered resettlement allowances of up to $490,000 and MA and PhD maintenance grants. Startups will also be able to avail themselves of maintenance grants alongside project-specific funding. These include $230,000 in rent assistance and…

TRON Founder Reportedly Acquiring BitTorrent Inc.

BitTorrent Inc., operator of torrent client uTorrent, is reportedly in the process of being acquired by TRON founder Justin Sun, TorrentFreak reports Friday, May 25. Earlier this year, Justin Sun had sued BitTorrent Inc. – which changed its name to Rainberry last year – for reportedly violating a “No Shop” clause from a letter of intent he had signed in January. Sun’s lawsuit notes that after the letter of intent was signed, BitTorrent’s David Chao told Sun that the company had received three “superior” bids from other companies with which…

Ethereum Classic 51% Attack Would Cost Just $55 Mln, Result in $1 Bln Profit: Research

A Brazilian researcher has calculated that it could take just $55 mln to hack a major cryptocurrency network for $1bln profit in new findings, TNW reports Friday, May 22. Husam Abboud of FECAP University in São Paulo used the example of Ethereum Classic (ETC) to demonstrate the hackability of cryptocurrency networks using Proof-of-Work (PoW) algorithms. “We can safely estimate The Cost of a 51% attack on Ethereum Classic today to be between 55 to 85 million [USD] (averaged $70 million),” Abboud reported. The findings seemingly contradict previously-held assumptions that conducting…