Leading into the London open, bitcoin broke through its local support level in a move that seems to be hinting toward a downward continuation: Figure 1: BTC-USD, Daily Candles, Broken Local Support So far, our daily candle has yet to close, but it is currently on schedule to close below local support. If we close…
Most cyberattacks in the crypto space involve hackers finding a way around the security of crypto exchange platforms and gaining access to users’ funds. Last year saw the entry of a new breed of cyber extortionists that seems to be gaining ground, so much so that they were able to steal over $300,000 in bitcoin…
Shortly after falling from its test of the low $4,000s, bitcoin managed to find support in the mid $3,500s. This has proven to be a relevant level over the last few months, and finding support here would be a sign of relatively strong demand: Figure 1: BTC-USD, Daily Candles, Local Support The high candle spread…
There are many keywords in blockchain, but few spark as much emotion as “decentralization.” For many of us, it was the dream of decentralization that inspired us to embark into the industry in the first place — the driving force encouraging us to explore the many industries and practice areas that could be positively impacted…
When Coinbase acquired Neutrino for an unspecified amount in February 2019, the news looked like business as usual: A cryptocurrency juggernaut had made another acquisition. But the company in question, specifically the ties it has to the unethical practices of one of its predecessors, suggests that the monolithic Coinbase may be joining the oligarchic ranks…
In January of 2019, student Conner Brown attended a guest lecture by a Professor Susan Athey at the University of Stanford Graduate School. She gave a presentation to his “Evolution of Finance” class titled “Blockchain and the Future of Finance.” According to Brown, the presentation contained “multiple misstatements” about Bitcoin and its fundamentals. After the…
Activist group Blockchain Advocacy Coalition (BAC) has sponsored a bill in California’s 19th State Assembly District, set to allow legal cannabis businesses in the district to pay their state taxes using cryptocurrency. The bill was proposed by Assemblymember Phil Ting on February 20, 2019. If put into law, it would affect California’s many cannabis businesses.…
The New Zealand-based crypto asset exchange Cryptopia has made their assessment of a January hack, claiming that up to 9.4 percent of all their assets were stolen. In January 2019, the exchange went offline after publicly reporting a “major security breach,” which likely resulted in a theft of at least $3 million USD. Promising to…
Coinbin, a South Korean crypto exchange, declared bankruptcy on February 22, 2019, citing foul play from inside the company. Business Korea reported on Coinbin’s recent failure, claiming that the company had lost $26 million as a result of theft and the subsequent bankruptcy declaration. Coinbin’s CEO Park Chan-kyu claimed that the move was “due to…
To donate to causes aiding those in Venezuela, please visit #AirdropVenezuela’s website or Bitcoin Venezuela’s website. To partake in cryptograffiti’s charity auction, please visit the donation page and tune in to the live stream here. “Literally and figuratively, the Venezuelan people are bringing down Maduro.” This is how cryptograffiti described his latest work, a charity…