Crypto Exchange Bittrex Denies Claim of North Korean Users on Its Platform

American cryptocurrency exchange Bittrex has said that claims of North Korean users trading on its platform are false in a tweet on April 22. In the post, Bittrex stated that it had examined two accounts which allegedly belonged to users from North Korea, noting that it had investigated the same accounts back in October 2017. The exchange claims that South Korean residents mistakenly choose North Korea in the country dropdown menu. Bittrex said that it determined where the users were from through country identification, and physical and IP addresses, concluding…

Bitcoin Price RSI Confirms Possible Long-Term Bull Reversal

View Bitcoin’s 14-week relative strength index (RSI) has moved above the key resistance range of 53.00–55.00, validating the longer-term bullish reversal signaled by a falling channel breakout witnessed two weeks ago. As a result, BTC may rise to the former support-turned-resistance of $6,000 over the next couple of months. A pullback to the 200-day MA, currently located just below $4,500, may precede such a rise. The cryptocurrency is teasing a falling channel breakout on the hourly chart, which, if confirmed, could see prices revisit recent highs above $5,460 in the…

You Can Now Shop With Bitcoin on Amazon Using Lightning

Bitcoin spenders can now use the lightning network to shop at e-commerce sites like Amazon. Crypto payment processing startup Moon announced today that any lightning-enabled wallet can now also be used through Moon’s browser extension. Before this lightning feature, roughly 250 beta users already used Moon to spend crypto on e-commerce sites by connecting the browser extension to exchange accounts like Coinbase. Moon CEO Ken Kruger told CoinDesk: “[The extension] will pop up a QR code and it will have the lightning invoice, which you could also copy and paste…

Bitcoin Price Won’t See New Lows

Get Exclusive Analysis and Investing Ideas of Future Assets on Hacked.com. Join the community today and get up to $400 in discount by using the code: “CCN+Hacked”. Sign up here. Get Exclusive Analysis and Investing Ideas of Future Assets on Hacked.com. Join the community today and get up to $400 in discount by using the code: “CCN+Hacked”. Sign up here. By CCN: As Bitcoin looks to eke out the highest daily close since 2018, crypto market sentiment is getting more and more bullish. Recently, CCN noted that technical analyst Willy…

Moon Enables Lightning Network Payments on Amazon

Crypto payment startup Moon has announced an online web browser extension that allows crypto users to make purchases on e-commerce sites like Amazon.com with Lightning Network payments, CoinDesk reported. Once the extension has been added to a user’s browser, they will be prompted to register and integrate it with a Lightning-enabled wallet. It should be pointed out that Amazon itself doesn’t accept bitcoin. Rather, the process begins with the user paying with crypto assets followed by a payment processor converting the assets into fiat currency and settling with the merchant.…

Cryptocurrency Bear Market Wanes | Going through Accumulation

In recent weeks various industry observers have indicated that the cryptocurrency market is experiencing a bullish run.  The notion has received more support with a fresh report implying that the bear market is actually waning and it is in the accumulation phase. Heavy Accumulation According to a recently published report by Adamant Capital, Bitcoin is already experiencing heavy accumulation, and the phase will bring its price to between $3,000 and $6,500, at least until the bullish run gains momentum. Bitcoin whales are already accumulating the major cryptocurrency synonymous to the…

Protocol Labs and Ethereum Foundation Team Up to Research Verifiable Delay Functions

Filecoin owner Protocol Labs is collaborating with the Ethereum Foundation to develop a Verifiable Delay Function (VDF). The company announced the partnership in a blog post on April 19. VDFs are a relatively new cryptographic primitive that can protect systems relying on the generation of (pseudo) random values from manipulation strategies or attack. Examples of everyday use cases include picking a lottery winner on the blockchain, as VDFs could help stop miners from intervening with a block hash to win the jackpot. Dan Boneh, one of the researchers who introduced…

South Korea’s Largest Car Supplier Hyundai to Use DLT in Smartphone-EV Pairing Tool

South Korea’s largest car manufacturer, Hyundai Motor Group, will use blockchain in its new tech for pairing electric vehicles (EVs) with smartphones. Sustainable mobility-focused news agency Green Car Congress reported on the development on April 22. Hyundai reportedly announced development of smartphone-EV pairing based performance adjustment technology that allows users to customize primary functions via a smartphone application. In the claimed industry-first, Hyundai will reportedly implement blockchain technology to prevent security issues while users upload and share their custom settings on the server. As such, the upcoming system is set…

Bullish Crypto Indicator Puts Near-Term Target for Bitcoin to Hit $6,000

Get Exclusive Analysis and Investing Ideas of Future Assets on Hacked.com. Join the community today and get up to $400 in discount by using the code: “CCN+Hacked”. Sign up here. Get Exclusive Analysis and Investing Ideas of Future Assets on Hacked.com. Join the community today and get up to $400 in discount by using the code: “CCN+Hacked”. Sign up here. By CCN.com: According to a cryptocurrency trader known as “Crypto Rand,” a technical indicator suggests the bitcoin price is en route to achieving $6,000 in the near-term. #Bitcoin looking solid…

South Koreans Invest an Average $6,000 in Cryptocurrency, Says New Survey

More South Koreans are buying cryptocurrency than ever before and spending more fiat to do so, local daily news network Arirang Daily News reported April 20. Referencing the results of a December 2018 survey from nonprofit organization the Korea Financial Investors Protection Foundation, Arirang revealed 7.4% of the 2,500 adults surveyed said they had bought cryptocurrency. That figure was up 1% on the year before, despite the industry facing hurdles locally in the form of shifting regulation and various exchange hacks. Not only the number of purchasers had changed: out…