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...