The prices of Bitcoin (BTC) and Ethereum (ETH) fall after overcoming the resistance, but this altcoin continues to rise!
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The Bitcoin (BTC) price could not break through the resistance at $44,000 yesterday and is therefore falling again. At the time of writing this article, bitcoin is approaching an important support zone, and the big question remains whether we can stay here, or whether we will fall one step lower.

Bitcoin (BTC) price cannot break resistance

At the beginning of last week it looked quite good. The price was able to rise again after reaching the support zone at $40,000. This zone served as a springboard for an increase from about 14% to $45,000. However, the news that China wants to ban crypto transactions has put a spanner in the work.

The Bitcoin then fell back to 41,000 dollars. This support zone has now held since September 21, but bitcoin remains close to it. So the situation remains uncertain and The Bitcoin has fallen again in the last few hours. The price is now approaching the above-mentioned support zone again.

It is important for the bulls to set a higher low again in this region. It is clear that there is no clear direction, at least for the moment, as the resistance is strong near $44,000, while the price is close to the support where it has been able to hold so far.

Ethereum (ETH) rejected at $3,000

The top 10 altcoins are also turning red today. Ethereum (ETH) seemed to be doing a good deal yesterday after rising above $3,000. However, this ultimately led to a rejection. The ETH price is currently down 6.4% and has reached a value of $2,902.

Cardano (ADA) is down 5% and is now back in 4th place.Tether (USDT) is catching up with the altcoin in terms of market cap as ADA slowly falls towards $2. The altcoins in the remaining top 10 fall by similar percentages.

Of course, there are still some up-and-comers that we can spot when zooming out. Fantom (FTM), for example, is up 7%. This makes FTM one of the current winners. Nevertheless, the total market capitalization has fallen by 5%. All cryptocurrencies together are now worth $1.85 trillion.

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Bitcoin price rises after good news, Ethereum and Cardano rise, these altcoins are in the plus
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bitcoin course

In the first half of this week, the cryptocurrency market was hit hard. Many prizes lost more than 15% to 20% of their value. Added to this was a falling stock market, a debt crisis at Evergrande and more pressure from regulators.

In recent days, most crypto exchanges have recovered well, and prices have been boosted by last night’s Twitter news about Bitcoin (BTC) payments and non-fungible tokens (NFTs). Click here to learn more!

This brought the total market capitalization back to $2.1 trillion, but this morning prices fell slightly. Nevertheless, the fears of the markets seem to be slowly disappearing:

Bitcoin (BTC) reached $44,000 again yesterday, which has been a crucial point more often in recent months. However, support seemed to break briefly in the afternoon as Bitcoin fell back towards $43,000. Then the above news came out and the BTC price immediately made a big jump to $45,000.

Bitcoin initially seemed to be able to stick to it, briefly peaking at $45,175, but then corrected downwards overnight. Bitcoin fell back to $44,000, but recovered from there. At the time of writing this article, Bitcoin seems to be breaking the $45,000 mark right now, but resistance is probably not far away.

The question is whether bitcoin can recapture the 200-day moving average around $46,000 this weekend, or whether we will experience a period of consolidation before it erupts.

Ethereum (ETH) has fluctuated a bit more in the last 24 hours. The ether price reached $3,150 yesterday morning, then fell to $3,050 and then rose to almost $3,200. Ether appeared to hold above $3,150 but fell back to $3,050 this morning. At the time of writing this article, it looks like Ether is reclaiming the $3,100 mark, but is already encountering resistance.

Cardano (ADA) is also fluctuating. The ADA price initially fell back to $2.20, then recovered to $2.25 and suddenly made a big jump to $2.35 shortly after midnight. After that, however, ADA corrected to $2.25, but immediately recovered and is currently rising above $2.30.

Solana (SOL) has had a bit harder in the last 24 hours. Yesterday morning, it looked like SOL would reclaim the $150 mark, but then fell to $143. After that, the price made another attempt to move upwards and briefly reached the $150 mark, but then dropped to $140. SOL is currently encountering resistance around $145, down 3.5%, the lowest value among the top 10.

In the top 100, a number of crypto stocks are green. Terra (LUNA) already made a big leap yesterday afternoon and this morning. LUNA is now up 12% and has reached $38.5. The Harmony share (ONE) was also able to hold its own after its price increase yesterday afternoon with a price increase of 12% to $ 0.155.

This also applies to Tezos (XTZ), which made a big jump yesterday afternoon and then remained quite stable. XTZ is up 13% to close at $6.55. We see the same with the Near (NEAR), which is up 13% and is currently hovering around $9.

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Woman sues Apple after loss of her Ripple (XRP) by iPhone app
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Apple Ripple XRP

As cryptocurrencies such as Bitcoin (BTC), Ethereum (ETH) and Ripple (XRP) become more popular, more and more criminals are focusing on stealing them. They do this, among other things, through phishing scams. By tricking a victim into entering sensitive data on a website or app, they gain access to the victim’s cryptocurrencies and get out of the dust with them. Tech giant Apple is now being suedfor offering such an app from criminals in its App Store.

Hadona Diep allegedly lost her cryptocurrency after installing the “Toast Plus” app. The app seemed to be connected to the popular Toast Wallet, but that wasn’t the case. Diep entered her XRP private key and then lost her XRP. Attorney Joshua Whitaker represents Diep in the case, arguing that the App Store’s terms and conditions are not applicable in this case:

“While the App Store has terms and conditions, including limitations of liability, these terms are the product of liability because consumers have no other convenient ways to access applications for iPhones and iPads when they are not using the App Store; therefore, these conditions do not apply to this case.

Diep, who, by the way, is remarkably a“cyber security IT professional,”was convinced that Apple thoroughly checks and controls all applications, and therefore assumed that the app was secure. In the end, it lost 474 XRP worth about €400.

Apple is likely to lead an army of lawyers. Nevertheless, it is an interesting case in terms of the emerging crypto sector, where such things will be more common.

Do you have cryptocurrencies and do you want to make sure you are safe? In this article, you will find three tips that will help you keep your cryptocurrency safe. Unfortunately, the crypto world also holds its dangers. So be prepared!

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Bitcoin (BTC) exchange Coinbase unprecedentedly popular with investors, collecting not 1.5 but 2 billion dollars!
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Coinbase

Yesterday, the press reported that Bitcoin (BTC) exchange Coinbase plans to raise $1.5 billion from investors. The stock market proved to be very popular with investors. Coinbase has indeed earned much more than the planned $1.5 billion!

According to an article by Bloomberg, no less than $7 billion in orders have been received. This allowed Coinbase to increase its original target from $1.5 billion to $2 billion. Investors received so-called junk bonds for their invested money, i.e. bonds for which they receive interest.

These are bonds with maturities of seven and 10 years. That the demand for these bonds is so great at a crypto company is a good sign. Bloomberg notes that this “shows that cryptocurrencies are no longer reserved for venture capital.” According to the media platform, hedge funds and pension funds also participated in the round.

Coinbase will invest the money raised in the further expansion of its services. Coinbase is a big player in crypto trading,“but it wants to do more to diversify beyond that, which can be a volatile business,” said Julie Chariell of Bloomberg Intelligence.

One of the areas the exchange wants to expand into is the world of decentralized finance (DeFi). For example, she wants to set up a credit service. This service, simply called “Lend,” allows certain Coinbase customers to earn interest (4% per year) by borrowing their USD Coin (USDC) stablecoins. However, the US regulator now seems to be putting a stop to this.

Coinbase is not the first company to issue such bonds in the United States. MicroStrategy had preceded the company when it raised $500 million in June. These proceeds were then invested in Bitcoin. The company now owns more than 100,000 bitcoins, making it the largest bitcoin owner among listed companies.

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Americans in trouble after installing Bitcoin miners in a government building
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Bitcoin Miner USA

A man in the United States has caused a sensation in a remarkable way. He had illegally installed a number of Bitcoin (BTC) and other crypto mining machines in a government building and was subsequently caught.

IT specialist finds the software

He is 42-year-old Christopher Naples. He is an IT inspector at a local government in the state of New York. He had worked here for more than 20 years, but that seems to have come to an abrupt end. He is accused of corruption, theft and trespassing:

The reason for this is that he had installed 46 crypto mining machines at the local government headquarters without permission. In this way, he was able to mine large amounts of crypto currencies without having to pay the horrendous electricity bill. This bill would amount to up to $60,000.

He had hidden the machines in six rooms under floors and behind walls. According to the authorities, these machines had been in the property since February and have been continuously mining cryptocurrencies ever since.

An official there, Timothy Sini, commented on this particular situation as follows:

“Cryptocurrency mining requires an enormous amount of resources, and miners need to think about how to pay for these costs. Naples had found a solution, which unfortunately was carried out on the backs of the taxpayers.”
Sini also pointed out that Naples had installed so many miners in the building that the entire infrastructure was overloaded. Employees had complained for months about the slow internet, and when the miners were finally pulled out, the temperature in one of the rooms dropped drastically.

It looks as if Naples can expect quite a penalty for this. He had found a way to get out of the energy bill, but in the end it will cost him dearly.

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Bitcoin (BTC) to $200,000? Price breaks out, but volume “not big”
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Bitcoin 200000 Dollars

Yesterday, at the beginning of the evening, Bitcoin (BTC) finally moved more clearly above the $50,000 mark. Although this was not accompanied by an explosion in the volume of trade, the development is nevertheless positive. In this article, you will find some interesting tweets from well-known analysts and others.

Bitcoin exchange flows stabilize

On-chain data analytics firm Glassnode just shared a tweet showing stock market flows. This data shows whether bitcoins are actually being withdrawn from the exchanges or whether investors are sending their bitcoins back to the exchanges. While we’ve seen a lot of recently that people are actually taking bitcoins off the exchanges (bullish), this has stabilized over the past 24 hours.

It doesn’t have to be bearish. The Bitcoin price has fallen this weekend with low volume, but in the longer term we are still in an upward trend. Perhaps after today’s price breakout, more people will withdraw Bitcoins from the exchanges again. With Ethereum (ETH), the trend continues: Almost 92 million dollars of ETH have flowed into external wallets.

Bitcoin Price Forecast

Then an interesting tweet from Feras Crypto. He shared a Bitcoin price forecast last night based on Fibonnacci retracements and the analystools of Immediate Advantage and Bitcoin Trader. In his opinion, Bitcoin can reach a peak of $200,000 on this basis, but for that BTC would have to be above $59,000 as early as the third quarter. A word of caution at this point: this is an analysis, not a prediction.

“The volume was not large, but bullish”
Finally, a tweet from Lark Davis,Bitcoin and crypto investor. He notes that the volume during yesterday’s breakout was “not great,” but that it was still a bullish breakout. “The highest closing price on the daily chart since mid-May,” according to the investor:

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Cream Finance (CREAM) promises to repay stolen $19 million and seeks the culprit
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A few days ago, another large decentralized finance project (DeFi) was hacked. Cream Finance (CREAM) was targeted by a hacker who managed to capture up to $19 million in cryptocurrencies. There was a vulnerability in the system that the hacker was able to exploit.

The flaw was caused by the amp (AMP) token, and the hacker captured 418 million AMP. In addition, the hacker managed to steal around 1,300 Ether (ETH).

Cream Finance pays everything back

Meanwhile, the team behind Cream Finance has announced that it will compensate the victims. They promise to replace all stolen AMP and ETH tokens by providing 20% of all transaction fees incurred on the platform for this purpose. This will continue until all tokens are refunded.

Cream Finance has also announced that this is the first hack of its kind for the platform (compare also with Bitcoin Era and Bitcoin Trader). With the help of cybersecurity company PeckShield, the company has figured out the cause of the hack. Cream Finance has also taken responsibility and acknowledged that the blame lies with them:

In addition to the big hack, in which $19 million was stolen, a so-called “imitator” was also active, according to Cream Finance. It was most likely a person who was inspired by the great attack and saw their chance. How big the damage of this smaller hack is is still unknown.

In addition, Cream Finance is currently working with the authorities to track down and prosecute the perpetrators. Cream Finance has even agreed to donate 10% of the stolen amount to the perpetrator if he turns himself in and returns the full amount.

Cream Finance is also calling on the crypto community to provide possible clues about the perpetrator. If someone provides information that could lead to the arrest of the perpetrator, Cream Finance is willing to donate 50% of the recovered amount to that person.

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Visa Buys NFT, El Salvador Prepares to Launch Bitcoin (BTC) and More News This Week
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Visa buys NFT

It’s Sunday and so we can look back on a week with a lot of crypto news! Non-fungible tokens (NFT) were again frequently seen, and there were also some interesting developments in Bitcoin (BTC). In this article, you will find an overview of the most important newspublished on Crypto Insiders.

Visa joins the NFT craze

The NFT craze is in full swing and with it the new prices for these digital collectibles are skyrocketing. We see more and more often that big names either sell or buy NFTs. Earlier this week, the big payment giant Visa was in the news in this regard. This company has bought a CryptoPunk NFT.

This was CryptoPunk #7610, one of the 10,000 unique CryptoPunks (and one of 3,840 female ones). CryptoPunks are so-called non-fungible tokens (NFTs) in the Ethereum (ETH) network. Read more about this message in this Twitter post:

El Salvador prepares for a big Bitcoin move, Cuba is switching to Bitcoin

El Salvador made big headlines when it decided to accept Bitcoin as legal tender. On September 7, the law comes into force, and the country is preparing for this moment. Among other things, Bukele, the country’s president, announced that the government is currently setting up 200 Bitcoin ATMs, also known as “BATMs.” Bukele calls these BATMs the “Cajeros Chivo”. The President also made some other interesting statements.

Cuba also seems to be warming up to cryptocurrencies. The central bank and government of Cuba have announced that they want to recognize and regulate cryptocurrencies. This could be an important support for the country, as Cubans abroad can more easily send money into the country.

Big money continues to buy Bitcoin

Meanwhile, major investors continue to buy crypto currencies. MicroStrategy, for example, has invested another $177 million in Bitcoin:

This company has been buying Bitcoin regularly for a long time, so it’s no longer any particular news. Meanwhile, about 4% of the total Bitcoin stock is in the hands of companies and asset managers. Among other things, an investment in Immediate Advantage as a still very new technology is to be in the room.

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Google removes fake crypto mining apps from Google Play Store, how to detect fake apps?
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Google Mining Apps

Some time ago, it became known that many people fall for certain rogue apps for Android phones. Cybersecurity firm Lookout revealed that it has tracked down at least 172 apps that deceive users. Although measures have already been taken to remove these apps from the Play Store, Google is still battling the consequences.

Eight more apps will be banned

This time, Google has banned eight more apps from the Google Play Store. Again, these are crypto mining apps that don’t keep their promises to users. Many of these fake crypto mining apps require users to pay for the service, but the apps simply don’t mine cryptocurrencies. So for users, this is a complete waste of money.

The promise of a cloud mining service is not kept. For this reason, Google has removed and banned the apps. These are the following applications: Bitfunds, Bitcoin Miner, Bitcoin (BTC),Crypto Holic, Daily Bitcoin Rewards, Bitcoin 2021, MineBitPro and Ethereum (ETH).

These applications were identified by cybersecurity company Trend Micro. While removing these rogue apps is a good move, Trend Micro notes that there are still at least 120 similar apps available on the Google Play Store. So there is still a lot to do for Google.

In addition, Trend Micro states that at least 4,500 users have fallen victim to these fake applications. Often they paid for a service, but ultimately received no consideration.

How to avoid fake apps?

Trend Micro gives some tips on how to avoid becoming a victim of such applications. First of all, it is important to read the reviews in the Google Play Store. Even though many 5-star reviews may be fake, there is always something to learn from these reviews. If there are many 1-star reviews, these often come from legitimate users with bad experiences.

Another way to checkif an app has bad intentions is to enter a wrong wallet address. If it is a legitimate app, the wrong address will not be accepted. However, it turns out that the fake applications simply go along with this.

The fact is that there are still a large number of fake apps in the Google Play Store. So be very careful when choosing an app that promises to mine crypto on an Android phone.

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Bitcoin (BTC) and cryptocurrencies the future? The majority of executives say yes, according to a Deloitte study
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Deloitte Bitcoin

According to a Deloitte survey, the future of the cryptocurrency world looks bright. According to the study, an overwhelming majority of executives of large companies believe that digital assets will become an important part of the global financial system.

End of physical money in sight?

In the study, Deloitte surveyed the executives of around 1,000 companies about cryptocurrencies. 80% of respondents believe that digital assets will be an integral part of the financial world within two years. After all, 73% believe that blockchain technology will be essential for future competitiveness.

Even more remarkably, 76% of respondents believe that fiat currencies need to make way for digital currencies within five to ten years. Some even say they wouldn’t be surprised if the era of physical money came to an end.

Shift in the financial ecosystem

According to Linda Pawczuk, an expert on blockchain and digital blockchain and digital currencies at Deloitte, this is typical of the change that has been underway for several years.

“Over the past year, we have seen a significant shift in the way the financial ecosystem is thinking about new business practices driven by digital assets and how they will play an important role in financial infrastructure.
Executives of financial institutions such as banks were also surveyed. Around 76% of financial institution executives fear that their business will fall behind if they don’t quickly adopt blockchain technology and digital currencies.

Finally, 43% believe that their companies should create the opportunity to pay with cryptocurrencies as soon as possible. Trading venues or software systems such as Bitcoin Era or Immediate Edge are also still seen as growth drivers.

Despite this positive attitude of the top executives towards blockchain and crypto, there are also some areas where improvements are possible. For example, 71% believe that safety in this new innovative sector still leaves much to be desired. In addition, restrictive regulations give many people a slight headache.

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