Bitcoin’s 3% Price Rise Neutralizes Bearish Setup

View Bitcoin has again bounced up from $7,800 support, neutralizing the immediate bearish setup. A break above $8,820 is needed to invalidate the lower-highs setup and confirm a bull reversal. A bullish close, if confirmed, would open the doors for $9,320 (Aug. 29 low). Bitcoin’s price bounce has shed some of the recent bearish pressure, but there’s still a way to...

Researchers Uncover Bitcoin ‘Attack’ That Could Slow or Stop Lightning Payments

The bitcoin lightning network could be vulnerable to a simple and disruptive attack, according to a recent research paper. Written by Saar Tochner, Aviv Zohar, and Stefan Schmid, the paper describes a denial-of-service (DoS) attack that could be used to slow down or even stop a huge percentage of payments on the network and, although the behavior hasn’t been seen in the wild...

CFTC Chair Says Ether Futures ‘Likely’ in 2020

Commodity Futures Trading Commission (CFTC) Chairman Heath Tarbert believes the crypto world will see ethereum futures contracts sometime in 2020. Speaking at Georgetown University in a fireside chat during the first day of DC Fintech Week, Tarbert told moderator Chris Brummer that he “absolutely” believes ether futures could trade in the next six to 12 months. “I’d say it is likely...

Why Cryptocurrency is in The Spotlight For More Central Banks

For most of its short life Bitcoin has been a plaything for computer geeks and largely ignored by banks and governments. That all changed in late 2017 when an epic rally sent prices soaring to new peaks. Since then central banks have been paying closer attention to cryptocurrency, especially in recent months as Facebook threatens to usurp their dominance.Bankers Need Their...