Tech Tic Technologies

We may think nothing of filling out forms and providing data to ecommerce sites, social media sites, and public forums, but thieves and swindlers are ready to take advantage of our lapses. Online danger comes in all kinds of packages, from romance scams to phishing schemes.   Even huge companies are not immune to security breaches. An example of such is the eBay attack, where cyber attackers stole names, addresses, even passwords from eBay’s entire database of over 145 million users. Although the incident was reported in May 2014, the hackers were active for almost the entire prior year. Another example is the Yahoo Bust, where Yahoo lost the personal information of about 1.5 billion user accounts between 2013 and 2016.   So how do you stay safe online? The only way to make absolutely sure your data is safe online is to stop using the internet. That would be taking it too far, though. For most of us, the benefits of going online far outweigh the risks – we just ha...

The Investor Relations Vice President of PayPal, one of the world’s largest online payment processors, has said that Facebook’s Libra is consistent with PayPal’s ambitions when it comes to banking the unbanked. She also said that there’s a lot of work to be done on the project before it becomes something more than just an idea. PayPal Bullish on Libra Earlier this year, Facebook, the world’s largest social media website, announced its future cryptocurrency project, Libra. While it received mixed reactions from institutions and the crypto community, it remains one of the most widely discussed topics in the field. Weighing in on the matter was the Investor Relations Vice President of PayPal, Gabrielle Rabinovitch. Rabinovitch termed her company’s commitment to the project as non-binding and noted that “there’s a lot of work to happen before we get to that point where it becomes something more than just a very exciting idea.” However, she added that Libra’s goals ar...

In a recent tweet, Changpeng Zhao, the CEO of the world’s leading cryptocurrency exchange, Binance, recently emphasized the potential profits that Binance Coin offers its holders. While a tweet of the kind might appear innocuous, it could also have an impact on the BNB price, given Zhao’s influence on the community, making the entire thing questionable. After all, we’ve witnessed prominent CEOs getting sued for propping up the value of their companies. How long will it be until the crypto industry is similarly scrutinized? CZ Emphasizes the Value of Holding BNB It’s safe to say that Binance Coin (BNB) has seen better days. Over the past few months, the cryptocurrency lost almost half of its value, plummeting from its all-time high of around $40 in June to $21. Interestingly enough, the decline comes amid seemingly massive developments for Binance and its overall ecosystem. Yet, all of that seems to have had no impact on investors. Against this backdrop, Zhao posted...

Bitcoin marked a slight decrease of less than 2% in the past 24 hours, but its price remains above $10,000 for now. Things are looking relatively calm, as 30-day volatility has dropped to a low not seen since May. Yet if history is any indicator, it’s times like these that portend a violent move. Bitcoin Trading Between $10,000 and $11,000 For the past eight days, Bitcoin has been trading between $10,000 and $11,000, while its dominance rate has hovered around 70%. However, the past 30 days have seen relatively low levels of volatility. In fact, it has not been this low since May. As Tech Tic Technologies reported back in June, Bitcoin’s volatility, especially when raging, is a double-edged sword. Some believe it to be a good thing because it shakes out ‘weak hands’ and guarantees that BTC goes to the strongest holders. It’s also a function of the cryptocurrency’s scarcity because as the supply is static, the price can be volatile. On the other hand, it al...

Three months ago, the world’s leading cryptocurrency exchange, Binance, announced that it would cut off access to the platform for US-based traders. The new rule is set to come into effect on September 12, which is tomorrow. The question is whether this will put additional pressure on the already suffering Binance Coin (BNB). Binance Shutting the Door to US-Based Traders Tomorrow Back on June 14, Tech Tic Technologies reported that the world’s leading cryptocurrency exchange, Binance, would be cutting off access to traders from the United States on September 12. US traders will still have access to their wallets and funds, but they will no longer be able to deposit or trade on Binance.com. The main reason for the move was to guarantee full regulatory compliance. However, Binance did act quickly and created an alternative for traders who wish to continue using the platform. According to the CEO of the company, Changpeng Zhao, Binance US will boast the same speed and liqui...

Bitcoin’s halving, one of the most highly-anticipated events for the cryptocurrency community, is currently expected to take place on May 16, 2020. However, some are suggesting that the true date could be closer to April 2020 because of the rapid acceleration in the network’s hash rate. Bitcoin’s Hash Rate Accelerates Quickly In order to understand the significance of Bitcoin’s hash rate, it’s important to understand how mining works. When someone has a Bitcoin wallet and he or she wants to send some BTC from their wallet’s address to another one, they have to create a transaction and sign it with their private and public key and broadcast the transaction on the Bitcoin network. The goal is to add this new transaction to one of the blocks which will be added to the blockchain. The job of miners is to pick up those transactions and add them to a given block’s list of transactions. During this process, the miners also need to verify each transaction in order to prevent d...

As you probably know, technical analysis is not always right, but it’s correct most of the time. Three days ago while Bitcoin was trading around $10,600, our last analysis title suggested another re-test of the $10,000 level, when everyone was bullish, we saw this leg down coming-up. As you could notice, after getting rejected one more time by the crucial long-term descending yellow trend-line, started forming from the 2019 high at $13,880, Bitcoin plunged passed $10,000, marking the $9,880 support as its current daily low (as of writing this). This support is clearly seen on the following 4-hour ascending trend-line (marked yellow). Looking at the bigger picture, the mentioned pattern of a substantial bearish triangle formation is still threatening the BTC chart. Of course, this can be invalidated at any moment; however, Bitcoin would need to break to the bullish side for it to take place and invalidate. Simply put, the bigger picture from below is the crucial support...

According to a recent poll, the majority of people think that Bitcoin will outperform altcoins in the next 30 days. Moreover, information also reveals that the number of people who are holding altcoins has decreased since the beginning of April. People Think Bitcoin Will Continue To Outperform Altcoins Perhaps somewhat unsurprisingly, the majority of those who voted (53%), think that Bitcoin will outperform altcoins. The poll saw a total of 1532 votes. Crunching the numbers, we can see that Bitcoin managed to increase by a total of 175% during 2019. More importantly, the cryptocurrency is behaving relatively stable and even though it saw a decline of around 27% since its yearly high, it doesn’t mark any violent declines. The situation is far from the same with altcoins. While a lot of them are up in the positive on the year-to-date chart, their recent performance in the past few months is looking bleak. Ethereum, for instance, lost 45% since its yearly high....

It seems that everything is worse during bad times, and Ripple’s latest move has unleashed the wrath of the XRP Army… again. An alert issued by the Twitter account “Whale Alert” noted that on September 7, Ripple sent 100 million XRP to Jed McCaleb, founder of Stellar and former founding member of Ripple. The XRP Army Isn’t Having It The so-called XRP Army was not exactly happy about this news. Community members have rebelled, expressing frustration towards Ripple and its massive sales of XRP, blaming it for its role in the token’s bear trend. XRP has never been the cryptoverse’s cup of tea. Opposition toward this digital currency is widespread, especially among purists and maximalists who view the token as contrary to what a cryptocurrency should be. However, what is surprising is the level of repudiation within the community. The famous XRP Army is known to be a very closed and united group — and an overly bullish one, might we add. The furor of the ...

The topic of an SEC-approved Bitcoin ETF is among the most discussed ones within the cryptocurrency community. While the Commission has already turned down many applications, the one that everyone has its sights on was submitted by Cboe and proposed by VanEck and SolidX. More recently, SEC Chairman Jay Clayton has said that a Bitcoin ETF is possible, but there’s more work to do. Bitcoin ETF Possible Speaking on CNBC, the Chairman of the US Securities and Exchange Commission, Jay Clayton, said that it’s possible that a Bitcoin ETF will be approved. There have already been plenty of rejections from the Commission on numerous propositions, as well as many delays.   In May, the SEC delayed yet again the VanEck/SolidX Bitcoin ETF proposed rule change, stating that it needed additional time to conduct its analysis. It was delayed once again in August, and a final decision is expected to come on October 18. Many tend to believe that an approval of a Bitcoin ETF b...

Ethereum has seen a promising increase of 4.35% this week which allowed it to reach $183. This recent increase is largely attributed to the solid rebound that Ethereum has been experiencing against BTC. Over the past 4 days, ETH has surged by 10%, reaching the current price at 0.0176 BTC. If the cryptocurrency can continue to increase against Bitcoin, we may see ETH slowly grinding higher above $200. Ethereum remains the second-largest cryptocurrency with a market cap of $19.58 billion. Looking at the ETH/USD 1-day chart: ·        Since our previous ETH/USD analysis, ETH started to climb back slowly above the $170 level. The cryptocurrency has recently reached the resistance at $185 but has stalled ever since. ·        From above: The nearest level of resistance lies directly at $185. Above this, higher resistance is found at the previous rising support trend line and then at $194. If the buyers can continue t...

There are exactly 250 days before the Bitcoin Halving event. After that, the BTC reward that miners receive for adding new blocks to the network will be slashed in half from the current 12.5 BTC down to 6.25 BTC. As this landmark event approaches, however, the Internet is speculating at large on whether or not this will cause a surge in Bitcoin’s price. If history is any indicator, however, it should. Bitcoin Halving in 250 Days In 250 days Bitcoin will go through its third halving and the supply of freshly minted BTC on the market will be reduced in half. Interestingly enough, Tech Tic Technologies explained in depth what the event is and what it means for the network exactly 250 days ago. To sum it up, the rewards that miners are currently receiving for adding blocks to Bitcoin’s network is will be slashed in half. They are currently receiving 12.5 BTC and this will go down to 6.25 BTC. This means that the supply of Bitcoin will be reduced in half. Now, basic economi...

Bakkt Warehouse, the qualified custodian of the Bakkt trading platform, now accepts Bitcoin deposits and withdrawals. Following plans unveiled last month, the company announced today that Bakkt Warehouse was officially launched. The launch of Bakkt Warehouse comes as the company prepares to launch its platform for daily and monthly Bitcoin futures in the United States on September 23. The platform will enable two types of Bitcoin futures physically delivered with regulated end-to-end and custodial markets. How Will Bakkt’s Proposal Work? According to a Bloomberg report, Bakkt will be the first platform to offer physically delivered Bitcoin futures. Unlike the cash-settled Bitcoin futures provided by CME and Cboe, Bakkt’s physically-settled futures will allow customers to receive payment in Bitcoin once the contracts expire. Once placed, transactions will be conducted on the Intercontinental Exchange (ICE) —a futures platform managed by Bakkt’s parent company. C...

USDT transactions on the Ethereum network are increasing steadily. However, the network is close to reaching its maximum capacity and as Tether continues to print more stable coins, there’s less and less room for developers of decentralized applications (DApps). This brings up the scalability issues of Ethereum and it makes finding a solution even more urgent. USDT ERC-20 Transactions Take Up 25% Of Ethereum’s Network Data from Etherscan reveals that on September 6th, the Ethereum network processed a total of 768,500 transactions. On the same day, there were 185,255 USDT ERC-20 transactions carried on the network. This is almost 25% of all the transactions for that day. Now, according to Tether’s transparency page, there’s around $1.5 billion worth of USDT which circulates on the network of Ethereum. This represents a total of about 40% of Tether’s entire circulating supply. As seen on the chart above, the total transaction count of USDT actually reached its...

Hong Kong has become the epicenter of political turmoil as citizens’ lives are being nothing short of invaded by the government. There have been demonstrations ongoing for weeks. As the Special Administrative Region (SAR) is being shaken, businesses are reportedly turning down the Hong Kong dollar in favor of Bitcoin. But is that a safe bet amid the political turmoil? Businesses Turn to Bitcoin in Hong Kong Reports have it that businesses are turning down the Hong Kong dollar in favor of Bitcoin as a means of taking a stand against their imperialistic government. Indeed, looking at the HKD/USD chart, we can see that since July, the Hong Kong dollar has been declining against the US dollar. We’ve already seen that Bitcoin performs well in times of political and economic uncertainty. As Tech Tic Technologies reported earlier in August, Bitcoin surged $700 as trade tensions between China and the U.S. rose to a new level when President Trump imposed yet another 10%...