Bitcoin Market Wrap Up 4/26-5/3: Market Trends Upward, Litecoin Similar Patterns & Vericoin Skyrockets
Cryptocurency markets have been very promising this week. Bitcoin started out at $220 and has crept up to approximately $240, making for a net gain of 9.5% for the week. Volume has remained fairly level this week, currently sitting just under $18 million — a healthy sign of natural trading without whale influence. The market graph shows a “tick-tock” pattern where the price will peak, move sideways, and then peak again. After the second peak, the pattern repeated, shown by both the seven day and one day market graphs. The one-day chart is seen above while the seven-day graph is seen below.....
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Vericoin is today's Random Coin of the Day. I chose Vericoin for its unique outlook on decentralization of PoS (Proof of Stake) within its network. Vericoin uses VeriSMS and VeriBit for this purpose, where VeriSMS allows users to store Vericoin using SMS and withdraw it later, and VeriBit allows you to pay companies accepting Bitcoin, with Vericoin. VeriSMS is capable of being spoofed and hackers can withdraw your Vericoin to their address. Vericoin advises users of this service to not store large amounts of Vericoin through it. Vericoin is quick to the draw when problems occur with their....
Litecoin is once again experiencing losses following bitcoin's movements. The 24hr loss neared 4% and the litecoin price sunk to $1.69 from $1.76. The litecoin market seems to briefly have taken the upward turn once again though as the price is currently recovering from the daily lows. Bitcoin and litecoin, are their prices going hand by hand? As always, it's clear that bitcoin played a role in the recent movements that litecoin price took. While the patterns noticed in the charts can't really be described as identical, litecoin has been known for staying true to the direction that....
Mintpal, a popular altcoin exchange, has been hacked. In their official announcement of the matter, they revealed that the hacker specifically targeted Mintpal's large VeriCoin holdings. Mintpal was in control of 30% of existing VeriCoin, all of which was stolen by a yet unidentified hacker. Mintpal has emphasized to its users that they are still processing withdrawals for all other coins; however, they have not revealed the exact vector of the attack. Mintpal and other VRC exchanges have worked directly with VeriCoin developers to come up with a seemingly satisfactory solution for all....
Recently a discussion over whether or not a cryptocurrency Blockchain is free to tamper has been rekindled. The debate has been around since the beginning of cryptocurrency and Bitcoin, but it has resurfaced as two altcoins now have recently come to this monumental decision. The first was VeriCoin; the second was NXT. So, is the blockchain sacred, or something that can or should be changed under certain special circumstances? CCN. A few months ago, Mintpal cryptocurrency exchange, now owned by Moopay LTD., was a victim of a massive VeriCoin hack leading to the theft of 30 percent of all....
A bullish bitcoin mentality appears to be forming in the options market while ether continues on its roller coaster.