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Recently, FTX Co-Founder and CEO Sam Bankman-Fried (aka “SBF”) shared his thoughts on what he feels are two of the most promising blockchains (if we set aside Bitcoin and Ethereum) this year. According to his bio, before FTX, SBF was “a trader on Jane Street Capital’s international ETF desk”, where he “traded a variety of […]

QANplatform has launched the official testnet for a first-of-its-kind quantum-resistant Ethereum-compatible blockchain. Quantum-resistance is a critical area of development within distributed ledger technologies, as exponentially powerful quantum computing poses a serious threat in its ability to crack public cryptography.

ENJ coin price action is under the influence of a bearish descending triangle pattern. Will buyers lose the $2.1 support as well? The Enjin blockchain ecosystem seeks to provide software solutions that enable anyone to build, trade, monetize and trade using blockchain. Established in 2009, Enjin is a part of the gaming industry. Its roots are in its first product, a gaming community platform dubbed the Enjin Network that grew into 20 million customers in the span of more than a decade. Enjin Coin is an electronic store of value that is used to protect the value of blockchain assets, such as Non-fungible Tokens (NFTs). Each asset created using the Enjin Platform contains ENJ, the minting resource that is kept in NFTs until taken out of circulation. Minting blockchain assets using the Enjin token offers a range of advantages for creators and users: Let us move ahead to read about Enjin’s technical analysis. Past Performance of ENJ The correction phase in ENJ is struggling to break down from the $2.1 support. However, the series of lower highs in the technical chart has revealed a descending triangle pattern. The pattern presents its neckline at the $2.1 mark, and the crypto traders should wait for the price to breach this support to get a sell signal. Furthermore, the decreasing volume activity within this pattern indicates the trapped momentum, which should outburst when the price escapes the chart pattern. ENJ/USD Daily Chart ENJ Technical Analysis The ENJ coin price has recently faced another rejection from the descending trendline. The coin is currently approaching the bottom support after completing a falling three-method candle pattern. The crypto traders should closely watch for price action at this high area of interest. As the price might retest this $2.1 for another support. Crucial EMAs (50, 100, and 200) in the daily chart maintain a bullish trend as the coin price is still trading above the 200 EMA. However, the other EMA lines could interrupt any bullish attempt.  The RSI indicator (43%) moving below the neutral line indicates a bearish sentiment among the market participants. The RSI slope has dropped below the 14-day SMA line. The MACD indicator shows several crossovers among the MACD and signal line due to the consolidating price action. However, the price action is still under a bearish influence as these are roaming below the neutral line. In short, the price action resonating in the triangle pattern might have caused inactive momentum in the technical indicator. However, they still indicate an overall bearish outlook for the ENJ coin. Upcoming Trend The failure to sustain above the $2.1 support will boost the selling pressure in this coin and drop it to an even lower level, i.e., $1.75 or $1.5. Even though this pattern promotes the continuation of bear attacks. The final call depends on the price action, on which side it provides a breakout. Therefore, the crypto traders should be patient till the price doesn’t breach the bottom support($2.1). The ENJ coin price chart suggests the next support levels at $1.7 and $1.5. And, in case of a bullish reversal, the price can find resistance at $2.5 and 50-day EMA. At the time of writing, the technical analysis by TradingView shows a rise in bearish sentiments as it gives a “SELL” signal for the ENJ coin. Technical Analysis for ENJUSD

The post ENJ Technical Analysis: Descending Triangle Pattern Threatens to Extend Correction Rally appeared first on Cryptoknowmics-Crypto News and Media Platform.

Crypto.com suffered a hack attack of at least $15 million in Ethereum so now security experts believe that the real losses could be much higher as we can see more today in our latest Ethereum news. Cryptocurrency exchange Crypto.com suffered a hack attack with at least $15 million worth of ETH stolen. Despite the reports […]

Ethereum's deflationary forces are making records as burn rate surges.

Invesco’s Global Head of Asset Allocation likens Bitcoin’s staggering rally in 2021 to a…

The post Bitcoin’s price could deflate below $30,000 in 2022, Invesco says appeared first on Coin Journal.

Crypto.com, the popular cryptocurrency exchange platform, halted all deposits and withdrawals on Monday, January 11, citing “unauthorized activity” on some accounts. It has, however, reinstated some accounts and withdrawal services, noting that the accounts are now safe. News From Yesterday According to security and data analytics firm PeckShield, Crypto.com has been the latest target of a cyberattack, with about $15 million worth of cryptocurrency stolen. At least 4,600 Ether has been taken from some of the exchange’s accounts. Crypto.com issued a tweet informing users that a number of users have reported suspicious behavior on their accounts. Withdrawals will be temporarily halted as their staff investigates the situation. All of the monies are safe, according to the message. We have a small number of users reporting suspicious activity on their accounts. We will be pausing withdrawals shortly, as our team is investigating. All funds are safe. — Crypto.com (@cryptocom) January 17, 2022 Dogecoin (DOGE) founder Billy Markus spotted a strange transaction pattern on Etherscan, leading the firm to suspend all transactions until it can figure out what’s wrong with their platform. Several users reported on social media that their tens of thousands of dollars worth of digital assets had vanished from the exchange. I really hope @cryptocom gets their shit together. Because a lot of theft is going on and if you check https://t.co/tO1rPRGTgC from the cryptocom wallet address. You’ll see a bunch of 2ETH to 5ETH transactions being sent to wallets with single transactions. How did it bypass 2FA? — BEN BALLER™ (@BENBALLER) January 17, 2022 Ben Baller, a cryptocurrency enthusiast and jeweller, claimed that his account had been hacked and that he had lost 4.28 Ether (ETH) (about $15,000). He also said he used two-factor authentication, meaning that the suspected criminals had to get around some of Crypto.com’s security measures. BTC/USD yet to break psychological barrier. Source: TradingView Tornado Cash was used to move the funds, making it harder to track. Technical glitches on cryptocurrency trading platforms have been increasingly widespread in recent months. Even some of the most prominent crypto exchanges have experienced significant disruptions during peak period. Related article | Sports NFT Marketplace Lympo Suffers An $18.7 Million Hack Crypto.com Lost $15 Million To The Hack Although Crypto.com claims that the accounts are safe, Peckshield, a blockchain security and data analytics firm, claims that the exchange has lost a whopping $15 million in the recent theft, or at least 4,600 ETH. The @cryptocom loss is about $15M with at least 4.6K ETHs and half of them are currently being washed via @TornadoCash https://t.co/PUl6IrB3cp https://t.co/6SVKvk8PLf pic.twitter.com/XN9nmT857j — PeckShield Inc. (@peckshield) January 18, 2022 CEO Kris Marszalek stated on Twitter that no customer funds had been lost. In reaction to the event, the Crypto.com team reinforced the exchange’s security infrastructure, he noted. The security incident is currently being investigated internally at the exchange. Some thoughts from me on the last 24 hours: – no customer funds were lost – the downtime of withdrawal infra was ~14 hours – our team has hardened the infrastructure in response to the incident We will share a full post mortem after the internal investigation is completed. — Kris | Crypto.com (@Kris_HK) January 18, 2022 After hours of waiting, Crypto.com tweeted that security on all accounts is being increased out of an abundance of caution, asking users to sign in to their App & Exchange accounts and Reset their 2FA. They also stated that this update will be gradually given out to users over the next few hours. Withdrawals will be re-enabled once this process is completed. They stated that they recognize that this may be inconvenient for users, but that security comes first. With over 10 million customers, Crypto.com is one of the most popular trading platforms in the United States. We’d like Crypto.com to provide us with more information about this. Related article | Largest DeFi Hack Yet? BadgerDAO Hack Results In Loss Of $120M+

Crypto exchange giant Crypto.com has become the latest target of a cyberattack as around $15 million worth of cryptocurrencies have been stolen, according to security and data analytics firm PeckShield. At least 4,600 Ether has been siphoned from some accounts of the exchange. The analytics company further cited blockchain data detailing that half of the […]

INTERNET CITY, DUBAI, Jan. 17, 2022 – LBank Exchange, a global digital asset trading platform, will list Battle Esports Coin (BES) on January 20, 2022. For all users of LBank Exchange, the BES/USDT trading pair will be officially available for trading at 16:00 (UTC+8) on January 20, 2022. The current eSports market is largely capitalized...

The post LBank Exchange Will List Battle Esports Coin (BES) on January 20, 2022 appeared first on Live Bitcoin News.

It’s been a pretty good start to the week for the Cardano (ADA)! Despite the broader market correction, the cryptocurrency continues to move north with another 8% gain. As of press time, Cardano’s ADA is trading at a price of $1.60 with a market cap of $53.4 billion. With the recent price rally, Cardano has

The post Cardano (ADA) Dodges Broader Market Correction With Another 8% Gains appeared first on CoinGape.