The 12th-Largest Cryptocurrency Continues to Range Trade

On Friday Aug 31, Tron (TRX) crept higher than the day before, but the momentum was already fading out by noon. The crypto is now trading at $0.0247, which is lower than early this week, says Dmitriy Gurkovskiy, chief analyst at RoboForex. Technically, the overall long-term trend is still descending, and it will be this way until the price breaks out the major channel resistance. Meanwhile, in the short-term, a correctional trend is forming on H3, with the target precisely at the descending channel resistance. The price is now testing…

Firefox to Block Cryptojacking Malware in New Browser Releases

Firefox will block cryptojacking malware in future versions of its web browser, according to an announcement August 30. The move comes as part of an anti-tracking initiative expected to be implemented over the next few months. In the announcement, Firefox cites a study by browser extension Ghostery, stating that 55.4 percent of the total time required to load an average website is spent loading third party trackers. Future versions of Firefox will reportedly block such practices as cryptomining scripts that “silently mine cryptocurrencies” on users’ devices by default. By blocking…

Bitfi Closes Wallet Bounty Program, Removes ‘Unhackable’ From Branding

Cryptocurrency hardware wallet manufacturer Bitfi has officially closed its bounty program, according to an August 30 tweet, in addition to removing the “unhackable” claim from the wallet’s marketing materials. In its statement, the company admitted “vulnerabilities,” and yet avoided speaking about multiple alleged hacks of the device. Bitfi also confessed to hiring a “Security Manager who is confirming vulnerabilities that have been identified by researchers.” The company expressed appreciation for “the work and effort of the researches,” stating that the bug bounty program was officially closed. Any further comments on…

Former Ripple CTO’s Blockchain Project Coil Enters Closed Beta

“Coil, a new company founded by Ripple’s former chief technology officer Stefan Thomas, has launched a closed beta. The project – which aims to allow web content creators to better monetize their work – was announced in May, when Thomas departed Ripple. In an interview, Thomas detailed the closed beta, describing the initiative as a way to level the playing field for content creators. “If you’re big you can have a subscription service like Netflix or Spotify. If you’re big you can collect enough data about people to make a…

Negligence of Major Phone Companies Is Crypto’s Biggest Threat

This interview has been edited and condensed. Michael Terpin is an American blockchain and crypto investor who has worked with over 100 projects running Initial Coin Offerings (ICOs) since entering the blockchain space in early 2013. Terpin co-founded  BitAngels in 2013 and, more recently, founded blockchain PR firm Transform Group. The investor and entrepreneur recently hit mainstream and crypto media headlines following his high profile case against U.S. telecom giant AT&T. Terpin is suing AT&T for negligence that allegedly resulted in the theft of over $24 million of Terpin’s crypto…

Dogecoin Price Leaps Over 30 Percent

Dogecoin price today had its Thank-God-Its-Friday moment after rising by more than 30 percent against the US Dollar. DOGE/USD began the day by continuing to its bull run. The pair on Thursday had jumped sharply from 0.00246-fiat to 0.00324-fiat, i.e. 31 percent amidst a strong buying spree. As the Asian trading session began today, the price was hovering inside 0.00328-0.00385 area, forming higher highs and higher lows. The uptrend matured as the European session came into play, adding another 30 percent gains to the market. At the time of this…

Bitcoin, Ethereum, Ripple, Bitcoin Cash, EOS, Stellar, Litecoin, Cardano, Monero, IOTA: Price Analysis, August 31

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. A new study from the Initial Coin Offering (ICO) advisory firm Satis Group has claimed that the price of Bitcoin (BTC) could soar to $98,000 within the next five years. However, the company forecasts a lower target for both Bitcoin Cash (BCH) and…

Colombian President Promises to Cut Rent Taxes for Crypto Firms

Colombian President Ivan Duque has recently promised to cut taxes for cryptocurrency and blockchain startups, local newspaper El Tiempo reported Wednesday, August 29.   Duque delivered an opening message during ANDICOM, an international congress on information and communications technology (ICT) held annually in Cartagena de Indias, Colombia. A recording of his speech is now available on YouTube. President confessed that he was “obsessed” with technology, especially with robotics and artificial intelligence (AI). He further stressed that Colombia needs its own regulator for the ICT industry and promised to establish a high…

Bitcoin Price Intraday Analysis: BTC/USD Reverses from $7,000

Bitcoin on Friday recovered more than 3 percent from its intraday low near $6,800. The BTC/USD began the day continuing to its steady upside recovery and reached as above as 7020-fiat during the early Asian trading session. The bounce back could have been more effective had it managed to break above 7000-fiat for a more extended period. But as the European session came into play, traders visibly started exiting their positions around 7000-fiat – verifying it as a strong selling area. As a result, the pair dropped and formed lower lows…

Gyeongbuk Coin | A New Digital Coin for Gyeongsangbuk-do Province

China may be doing all it can to suppress cryptocurrencies, but South Korea is going the opposite way. Specifically, in its Gyeongsangbuk-do Province. But what’s going on? Well, according to sources, officials are partnering with blockchain startup Orbs to create a province-specific coin called the Gyeongbuk coin. But why? South Korea’s Gyeongbuk Coin The province is issuing the Gyeongbuk coin to replace an already existent state loyalty scheme — the already existent “Hometown Love Gift Cards”. South Korean legislators are making this move to further integrate cryptocurrency across the nation. 100 billion won…