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Cardano Price Notes Solid Gains as all Markets Turn Bullish

Cardano price notes solid gains as all markets turn bullish

Cardano Price Notes Solid Gains as all Markets Turn Bullish

Cardano price notes solid gains as all markets turn bullish


It would appear the vast majority of crypto, token, and digital asset markets have turned bullish overnight. Why that is happening exactly, will remain a big mystery for a little while longer. The Cardano price is going through a very promising run so far, as its value is looking to approach $0.05 again at some point.

Cardano Price Momentum Turns Very Bullish

In the cryptocurrency world, few projects are effectively making headlines virtually every other day. One of the projects not making much buzz is Cardano, although that doesn’t have to be a negative thing whatsoever.  In fact, the relative silence surrounding Cardano means its price can move up quickly with little trading volume.

Over the past few hours, all major crypto markets have turned super bullish. The Cardano price has risen by over 4.5% in USD value, bringing the price to $0.04293. In ADA/BTC, there is less of an improvement. A 1.7% gain is not bad by any means, as one ADA is valued at 1,147 BTC. Both trends are made possible through $22.34m in trades, which seems to indicate further upward momentum may materialize at some point in the future.

On social media, ADA is getting some attention following these unexpected gains. Crypto Wunderbear, while clearly a Cardano maximalist, has confirmed “it has begun” whether this means the breakout is just beginning or if the reversal is already taking shape, remains to be determined. After all, Cardano has shown a few green candles in a row, which hardly ever goes by without any correction.


While the current Cardano momentum can be rather lucrative, it is not the only currency noting strong gains on this Monday morning. In fact, it seems the entire top 15 is in the green, which can mean one of two things. Either this is a legitimate bull trend, or there will be some consolidation before bitcoin pumps massively and destroys altcoin momentum in the process. For now, both options are still on the table.

Some cryptocurrency users are intent on maintaining their regular morning routine regardless of what happens to the likes of Cardano. As Cliff shows, there is nothing better and crypto and coffee in the morning. The image also depicts a Ledger Nano S, which is pretty interesting. Flashing those devices around in the open may not necessarily be the best course of action, though.

All signs seem to indicate the cryptocurrency markets are simply reclaiming some of their lost value in rather quick succession. While that was to be expected at some point, sustaining any uptrend has been very problematic in the past twelve months. Only time will tell if this time can be different in a positive manner. Even so, Cardano holders will be quite pleased with this new development, as it has been long overdue.

Disclaimer: This is not trading or investment advice. The above article is for entertainment and education purposes only. Please do your own research before purchasing or investing into any cryptocurrency.

Image(s): Shutterstock.com

Published at Mon, 18 Feb 2019 07:56:35 +0000

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Is The Meteoric Rise In Cryptocurrencies Triggering More Cyber Attacks?

The cryptocurrency market is at an all-time high as coins recover from a  brief holiday bear season into a bullish New Year. But could this unprecedented growth in value attract cybercriminals?

Currently, there is a huge bullish run by bitcoin and other alternate coins on the cryptocurrency market even with the recent correction that saw bitcoin slightly drop in value over the holidays. However, now that the New Year has kicked off, cryptocurrencies are going up in price.  But could this surge in value be open season for cybercriminals?

For instance, the month of December last year saw Coinbase (a leading exchange in the US) temporarily suspended bitcoin Cash trading on its platform amid allegations of insider trading. In addition to that, the US Securities and Exchange Commission stopped a fraudulent initial coin offering for the first time. The fraudsters had lured thousands of investors with a promise of doubling their investments within months while the ICO raised $15 million.

How to Protect Your Cryptocurrency Holdings

Insider trading and fraudulent ICOs aside, the real threat to digital currencies still remains cyber theft. Simply put, hackers and cyber criminals pose a much more frightful menace to investors.

After all, we are living in a sophisticated digital age and since there are widespread digital tools and avenues that a hacker can use, the average person can hardly avoid or stop an attack once it begins.

Frankly, one of the biggest pain points in the world of cryptocurrency is cybercrime.  In fact, a report from the US Department of Homeland Security reports that between 2009 to 2015, more than a quarter of bitcoin exchanges were attacked.

Surprisingly, however, such reports have not been enough to keep cryptocurrencies from growing in value. Cyber criminals follow the money, however, and at the moment, it’s easy to see that the cryptocurrency market is where the money is as it currently stands at a market capitalization of about 816 billion according to CoinMarketCap.

With the rising price of bitcoin, cyber heists have become even more profitable as it only takes a single attack to potentially make off with millions of dollars.

How to Protect Your Cryptocurrency Holdings

How to Protect Your Cryptocurrency Holdings

With the cryptocurrency prices on the rise, investors need to be more vigilant than ever when it comes to protecting their digital assets. In most countries, the U.S. included, digital currencies are not recognized as legal tender so investors have little to no recourse when their funds are stolen.

So, how can an individual investor take measures to protect a digital assets account? No measure is absolutely foolproof but there are steps that you can take to minimize your risk of theft:

  • Installing an antivirus with anti-phishing support
  • Using a VPN to protect your internet connection
  • Adding an extra access protection layer with 2FA
  • Using a hardware wallet to store your cryptocurrencies
  • Setting up firewall protection

Do you believe that no one including well-funded corporations is 100 percent safe from hackers? What are you doing to protect your cryptocurrencies? Talk to us!

Images courtesy of AdobeStock, Shutterstock

The post Is The Meteoric Rise In Cryptocurrencies Triggering More Cyber Attacks? appeared first on Bitcoinist.com.

How a Hackathon Birthed the CryptoKitties Origin Story

cryptokitty.jpg

“CryptoKitties,” the most popular game ever released on the Ethereum blockchain to date, became an instant success in December of 2018. About 180,000 people have already signed up for CryptoKitties since the cute creatures were introduced to the world just a few months ago. Over $20 million in ether has already been spent, and at least 10 kitties have sold for more than $100,000.

Yet while the impressive numbers behind this crypto-phenomenon clearly demonstrate its success, most people remain unaware of how and why CryptoKitties came into being in the first place.

Hackathons Breeding Blockchain Innovations

The birth of CryptoKitties (Alpha) happened during the ETHWaterloo hackathon, the world’s largest Ethereum hackathon, which took place in Waterloo, Ontario, Canada, back in October 2017. The project to bring cats to the Ethereum blockchain had a surprise alpha launch during the 36-hour Ethereum-based hackathon, which attracted hundreds of developers, mentors and sponsors from across the globe.

The CryptoKitties team came to the ETHWaterloo hackathon prepared, wearing rainbow-colored cat T-shirts, along with cat-balloons marked as the “CryptoKitties Team.” The four-person team also handed out customized Pokemon business cards and stickers featuring a link to their website. The alpha launch during the hackathon featured different breeding challenges that demonstrated how CryptoKitties could produce offspring. Winners of these challenges were rewarded with ether.

According to ETHWaterloo’s organizer, Liam Horne, the CryptoKitties team joined the hackathon with a new and innovative idea for the Ethereum blockchain, along with a truly creative marketing strategy.

“The four-person CryptoKitties team was building an entirely new technology on the Ethereum blockchain, but also had the business skills to get the word out,” Horne told bitcoin Magazine. “For instance, each ETHWaterloo participant was gifted two CryptoKitties. A total of 50 CryptoKitties were given away at the start of the event. From there, users were able to trade and breed hundreds of cute, collectible, digital cats. By the end of the hackathon, hackers, cryptocurrency enthusiasts and other curious users had bred over 1,500 CryptoKitties in just 36 hours.”

At the end of the event, the CryptoKitties team was chosen as one of the 8 winners, which opened up several new opportunities, including the chance to meet with some VC firms. Their win also marked the start of a surge of media exposure that expanded to several mainstream media outlets.

Hackathons Spark Creativity

The idea may have once sounded crazy, but it turns out that putting kitties on the blockchain has become all the rage. Yet none of this would have been possible without the support of the ETHWaterloo hackathon.

“People usually perceive hackathons as being competitions,” said Horne, who has been organizing hackathons since his university days. “The ETHWaterloo hackathon, however, was not about this. We framed this as an event where programmers fascinated by Ethereum could be in the same room for 36 hours. The purpose of this was to experiment and have fun with Ethereum-based blockchain technology.”

He said that the CryptoKitties team was given advice from mentors, feedback from sponsors and a chance to test out their ideas with other programmers who understood the value of having digital cats on the Ethereum platform.

This in mind, Horne believes that hackathons are crucial for sparking new innovations in blockchain technology. The next Ethereum hackathon is set to take place in Denver next month. This event will be supported by Horne’s new initiative called ETHGlobal, which will help hackathon organizers around the world launch their own ETHWaterloo-style hackathons.

“Hackathons are simply a place for great minds to come together for a short period of time with the explicit goal of producing something practical and tangible using some kind of technology. It is astonishing how much can be done when you get the right group of people together for a weekend to just have fun and build something they find interesting,” said Horne.

“I have seen prototypes be built that have later turned into profitable businesses; projects that were dreamed of, built, launched and used by hundreds of people in the span of 36 hours at hackathons like ETHWaterloo.

“The most valuable component, however, is what happens after the hackathon ends. Every now and then a team of hackers will keep working together on their hack and the event will act as a catalyst for a project that could become quite meaningful and interesting to the world, and to investors.”

Ultimately, hackathons allow hackers to work together with other people who are interested in the same technology, providing an additional set of ears, eyes and more ideas. In particular, hackathons in emerging tech fields — such as blockchain technology — allow hackers to come up with fresh projects that could eventually turn into something much larger down the road, like CryptoKitties. And with over 500,000 people listed as interested in attending Ethereum Meetups worldwide, blockchain-based hackathons are bound to breed many more unique and clever innovations in the future.

The post How a Hackathon Birthed the CryptoKitties Origin Story appeared first on Bitcoin Magazine.

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