We’re All Crypto Miners Now: Hacking Epidemic Churns Out Monero

(Bloomberg) — There’s a chance your computer or phone is quietly producing a cryptocurrency called Monero.

Criminals looking to commandeer massive processing power to unlock new Monero coins have unleashed an epidemic of malicious software that burrows deep into victims’ web browsers to surreptitiously run calculations. A security researcher discovered the latest attack last weekend, finding the malware on more than 4,000 sites, including those owned by the U.S. court system, the governments of Australia and Britain, and City University of New York, all of which used a text-to-speech accessibility script called Browsealoud.

“Within hours of identifying the problem, the compromised script was disabled from the uscourts.gov site,” David Sellers, a spokesman for the Administrative Office of the U.S. Courts, said in an email. Browsealoud will be offline until Feb. 15 to beef up security, the company behind the code, Texthelp Ltd., said on its website.

The online hijackings show the lengths to which some people will go to stockpile Monero — a so-called privacy coin that, once obtained, is particularly hard for authorities to trace. After a 20-fold surge in price over the past year to about $275 per coin, Monero now ranks 13th among cryptocurrencies with a market value of $4.3 billion, according to CoinMarketCap.com.

About 630 of the top 300,000 websites tracked by Amazon.com Inc.’s Alexa Internet unit have mining code embedded in them, researcher 360 Netlab estimated on Feb. 7. This week, Kaspersky Lab warned that some users of the Telegram messaging app also have been mining coins like Monero, while Malwarebytes Labs said millions of Android devices are currently mining Monero.

And that’s just the latest round. On Dec. 18, hackers targeted as many as 190,000 WordPress sites per hour to get them to produce Monero, according to security company Wordfence.

Yet, it’s not always a crime.

While the hijacking of most devices happens without their owners knowing, one site — Salon.com — now tells readers they can avoid seeing ads if they let it mine Monero using their computing power.

“Think of it like borrowing your calculator for a few minutes to figure out the answer to math problems, then giving it back when you leave the site,” Salon told its users. Plugins such as Coinhive let sites embed such mining code as well.

Monero mining is spreading because — unlike most coins out there — it can be produced with a typical device most people already own.

“Monero is a target for malware mining because it is the only top-20 coin by market cap that can be mined from commercial hardware you have at home” rather than specialized hardware needed to mine most other coins, said Nolan Bauerle, director of research at cryptocurrency researcher CoinDesk.

A hacker controlling 1.5 million smartphones would rank as the largest Monero miner, according to Lucas Nuzzi, senior analyst at Digital Asset Research.

Monero was designed with features to protect a user’s privacy, and its developers say most people who obtain and spend the coins do so legitimately. But Monero’s potential utility for criminals has also raised alarms. The European Union’s law-enforcement agency, Europol, warned in a report last year that cryptocurrencies like Monero “are gaining popularity within the digital underground.”

Monero encrypts the recipient’s address on its blockchain and generates fake addresses to disguise the real sender. It also obscures the amount of the transaction.

In the Browsealoud attack, computers of unsuspecting users who navigated to an affected site were instructed to solve complex mathematical problems to produce Monero. Once they left the site, the Monero mining stopped, Scott Helme, the U.K.-based security researcher who discovered the Browsealoud vulnerability, said in a phone interview.

“We’ll see an explosion of cryptojacking this year,” Helme said.

This content was originally published here.

Bitcoin, Ethereum, Ripple, Bitcoin Cash, EOS, Stellar, Litecoin, Cardano, Monero, IOTA: Price Analysis, September 21

The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph.com. Every investment and trading move involves risk, you should conduct your own research when making a decision.

The market data is provided by the HitBTC exchange.

Michael Novogratz, founder of the digital asset management firm Galaxy Digital, has recently reiterated his view that cryptocurrencies have hit a bottom and a rebound is due. He believes several institutional players might invest in the market, boosting prices.

It, however, will be a slow grind higher. We have also been maintaining that the rally this year will be a gradual upward move, unlike the vertical increase seen in 2017.

Another billionaire investor, Tim Draper is unperturbed by the continuous decline in crypto, viewing it as a buying opportunity and sticking to his target of $250,000 by 2022. In regards to the news, the hack of a Japanese crypto exchange Zaif has not resulted in any panic selling, which shows that the bears are currently unable to capitalize on adverse headlines.

The U.S. Securities and Exchange Commission (SEC) has said it had not “reached any conclusions with respect to any of the issues involved,” with the Bitcoin exchange-traded fund (ETF) proposal backed by investment firm VanEck and financial services company SolidX.

The Commission has requested further comments on the matter. This keeps the hope alive that an ETF might become a reality sooner than most expect.

When an asset class doesn’t fall on adverse news but rises on minor positives, it indicates that the investors are looking for reasons to buy. So, which are the cryptocurrencies that are showing a bottom formation? Let’s find out.


Bitcoin has broken out of both moving averages. It should now move up to the downtrend line of the descending triangle, which will act as a stiff resistance. The cryptocurrency has turned down four times from this line, making a lower high on each occasion.

This sequence will be broken if the bulls can push price above the previous lower high of $7413.46. Such a move will invalidate the descending triangle, which is a bullish sign. The positive divergence on the RSI is another indication of accumulation at the support.

The zone of $5,900–$6,075.04 has held five times since February of this year, making it a formidable support. The traders can wait for today’s close (UTC) to be above $6,600 and buy 50 percent of the desired allocation in the range of $6,600–$6,750.

We don’t want to buy the complete allocation at the current level because the downtrend line of the descending triangle can invite selling by the bears. However, as the prices have bounced off the lows, we want to initiate partial position because the stops are close by. The initial SL can be kept at $5,900.

If the BTC/USD pair struggles to break out of the downtrend line of the triangle, the traders can trail the stops higher. We shall add the remaining 50 percent of the position when the price sustains above the downtrend line. The targets are $7413.46 and $8566.4. Our bullish view will be invalidated if the bears break the critical support zone.


Ethereum has not participated in the pullback. It continues to languish below the 50-day SMA and inside the descending channel.

The 20-day EMA has flattened out and the RSI is also trying to move up into the positive territory, which shows that the selling pressure has abated.

If the bulls can break out of the downtrend line of the descending channel and the 50-day SMA, a change in trend is likely. We suggest traders wait for the breakout before initiating any long positions.

If the ETH/USD pair fails to sustain above the 50-day SMA, it might remain range bound and enter a bottoming formation.


Ripple has rallied over 184 percent in just four days. With this move, it has broken out of the downtrend line with force. The downtrend is over and a new trend has started.

The moving averages have completed a bullish crossover and the RSI has risen into the overbought territory for the first time since April of this year. While all these are positive signs, we shall not attempt to chase the rally higher.

The traders should wait for the rally to stall for a day or two and then build new positions because if a long position is initiated at the current levels, the stop loss will have to be way lower. Therefore, although we are bullish on the XRP/USD pair, we shall not suggest any long positions at the current levels.

The important level to watch out on the upside is $0.70, which is acting as a stiff resistance. On any correction, the downtrend line, which had been acting as a resistance until now, will act as a strong support.


Bitcoin Cash has also pulled back along with the other cryptocurrencies. It has broken out of the 20-day EMA and can now move up to the 50-day SMA, which is just below the resistance line of the descending channel.

A break out of the descending channel will indicate a probable change in trend. The levels to watch out for on the upside are $660, and above that $880.

If the bulls fail to break out of the channel, the BCH/USD pair might remain stuck between $400 and the resistance line of the channel. Traders should establish a new position only on a confirmed break out of the channel because until then, the trend remains down.


EOS has risen above both moving averages and the overhead resistance at $5.65. It can now move up to $6.8299.

The moving averages are close to completing a bullish crossover and the RSI has entered the positive territory. This increases the probability of a change in trend.

The bulls might face selling in the zone of $6.8299–$7.324. If this zone is crossed, the rally can extend to $8. Therefore, the traders can hold their remaining long positions with a stop at $4.4. The stop loss can be trailed higher as the EOS/USD pair moves northwards.


Stellar rallied sharply for the past two days and has broken out of the range for the first time since September 11. This breakout has a pattern target of $0.3157505 with a minor resistance at the downtrend line.

During the previous two occasions, the XLM/USD pair had risen vertically after breaking out of the 50-day SMA. Currently, both moving averages are on the verge of a bullish crossover and the RSI is also in the positive territory.

A break out of the downtrend line of the descending triangle will invalidate the bearish pattern, which is a bullish sign. Therefore, traders can enter long positions on a close above $0.255, with the stop loss at $0.18. The targets are $0.3157505 and $0.36. If the pair struggles to break out of the downtrend line once again, traders can tighten their stops.


Litecoin has broken out of the downtrend line and the 20-day EMA. It is currently facing resistance at the 50-day SMA. The bulls haven’t been able to sustain above the 50-day SMA since May 16 of this year. Hence, any break out of this level will suggest a likely change in trend.

The important level to watch on the upside is $69.279. If the LTC/USD pair breaks out of this resistance, it will complete a double bottom formation, which has a pattern target of $89.

Therefore, we suggest a long position on a breakout and close (UTC time frame) above $69.279. The initial stop loss can be placed at $49 and raised later.


Cardano has broken out of the 20-day EMA and is close to the 50-day SMA. If the bulls push prices above the 50-day SMA, the pullback can extend to $0.111843.

The moving averages are flattening and the RSI is trying to rise into the positive territory. This increases the probability of a continued move higher.

On the downside, the ADA/USD pair will find support at the 20-day EMA and $0.071355. We don’t find any reliable buy setups on the cryptocurrency; hence, we shall wait for a few days before suggesting any long positions in it.


The bulls successfully defended the 50-day SMA on Monero from September 17–19 and have broken out of the downtrend line. There is a minor resistance at $122.6, above which a rally to $140 is probable.

The 20-day EMA has turned up while the 50-day SMA has flattened out. The RSI has entered into the positive territory. These signs indicate that the path of least resistance is to the upside. Therefore, traders can trail their stops on the long positions to $100. Let’s reduce the risk on the trade.

On the downside, the XMR/USD pair has support at the 20-day EMA, the 50-day SMA and the trendline of the triangle.    


IOTA has pulled back close to the upper end of the range of $0.5–$0.6170, where it is facing resistance from the 50-day SMA and the downtrend line.

The 20-day EMA has flattened out and the RSI is moving closer to the neutral territory, which shows that the near-term selling pressure has reduced. If the bulls break out of the overhead resistances, a rally to $0.7448 and further to $0.8152 is likely.

A failure to scale above $0.6170 will extend the stay in the range. Traders can hold their long positions on the IOTA/USD pair with the SL at $0.46.

The market data is provided by the HitBTC exchange. The charts for the analysis are provided by TradingView.

This content was originally published here.

Long Island Iced Tea Is Now Long Blockchain

(Bloomberg) — There’s a new leader in the sweepstakes for the zaniest name change in the crypto craze.

Long Island Iced Tea Corp. shares rose 238 percent after the company rebranded itself Long Blockchain Corp. It’s the latest in a near-daily phenomenon sweeping the stock market, where obscure microcap companies reorient to focus on some aspect of the mania sparked by bitcoin’s 1,600 percent rally this year.

Long Blockchain, whose business has been selling non-alcoholic beverages, says it will now seek to partner with or invest in companies that develop the decentralized ledgers known as blockchain, the technology that underpins bitcoin.

As with many of the recently christened crypto companies — a list that includes former makers of juice, sports bras and sofas — Long Blockchain so far has little to show for its aspirations. It has no agreements with any blockchain firms, and says “there is no assurance that a definitive agreement with these, or any other entity, will be entered into or ultimately consummated.” 

It has reserved the web domain name and will still operate a ready-to-drink beverage subsidiary.

This content was originally published here.

Bitcoin and cryptocurrency prices on August 8: Market slump continues

LONDON — The price of bitcoin is slipping on Wednesday, extending a poor run for the digital currency.

Analysts at the London Block Exchange said in an email on Wednesday that the latest slump appears to have been triggered by a US Securities and Exchange Commission’s announcement late on Tuesday. The regulator announced it is postponing a decision on whether to approve or deny a bitcoin ETF product from CBOE until September.

The market has been waiting for a long time for a regulated ETF product to hit the market as traders believe it will bring new money into the market. The postponement appears to have put off many bulls who had bet on an authorisation this week from the SEC.

Matthew Newton, an analyst at trading platform eToro, said in an email: “A green light for the bitcoin ETF would fire the starting gun on a race among institutional investors to cash-in on this new product. The market is therefore rightly frustrated by the delay to the decision.”

Other major digital tokens are also under pressure on Wednesday:

Analysts for FXPro, a London-based foreign exchange broker, said in an email on Tuesday: “The crypto market cap lost 20% in the last 2 weeks, falling from $300 billion to $250 billion. Although analysts remain bullish on the BTC perspectives, currently they warn us to be cautious.

“In the short terms, technical analysis is still on the bears’ side. The benchmark currency [bitcoin] doesn’t have important levels of consolidation near current trading marks. It means that after a short pause the bitcoin could slide down to the nearest consolidation level close to $6,200 mark, and even lower to $5,800.”

See also:

This content was originally published here.

Top 5 Crypto Performers Overview: Tron, Litecoin, Binance Coin, Dash, Monero

The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph.com. Every investment and trading move involves risk, you should conduct your own research when making a decision.

The market data is provided by the HitBTC exchange.

Jeff Schumacher, founder of BCG Digital Ventures, told CNBC during a panel discussion in Davos, Switzerland that Bitcoin will go to zero. In another interview with Fox Business, Fundstrat Global Managing Partner Thomas Lee said that Bitcoin can still go to $25,000, which he calls its fair value.

Analysts at JPMorgan Chase have predicted that Bitcoin is likely to plunge to $2,400 and eventually further to $1,260. Such differing opinions can confuse new investors who are looking to enter the crypto markets.

We believe that traders should focus on the fundamental developments in the crypto space, as well as on the price action on the charts. Cryptocurrencies as an asset class are here to stay.

Numerous blockchain projects are securing funding from traditional investors every month, which confirms that those investors are confident in the long-term promise of crypto. Crypto companies are introducing new products to attract institutional investors.

Moreover, efforts are in progress to integrate cryptocurrencies into the mainstream economy. It is only a matter of time before the bear market ends and a new bull phase begins.

However, this time, we don’t expect a vertical rise as seen in 2017. It will likely be a more gradual movement higher. A few of the top cryptocurrencies are showing signs of bottoming out. Let’s see if any of the top performers of this week qualify as a buy.


Tron (TRX) was the best performing cryptocurrency among the largest coins by market cap over the past week. In its weekly report, Tron said that it has over “150 DApps and more than 300 smart contracts.”

At the recent niTron Summit, Tron founder and CEO Justin Sun said that he expects the number of decentralized applications (DApps) on the network to surge to 2,000 by the year-end.

The TRX/USD pair is showing strength as the bulls are attempting to sustain above the overhead resistance at $0.02815521. As the cryptocurrency has been stuck in this range since mid-August, we believe that a breakout will result in a new uptrend.

The immediate target objective is $0.4, but we expect this to be crossed and the rally to extend to $0.05218328. Therefore, we suggest long positions on a close (UTC time frame) above $0.02815521, with a stop loss just below $0.021.

Conversely, if the cryptocurrency fails to sustain the breakout and drops below $0.02815521 once again, it will remain range bound between $0.0183 and $0.02815521. The sentiment will weaken if the bears push the price below the support of $0.0183.


Litecoin (LTC) has come up with a new tagline “Take control of your money and pay with Litecoin” and a new logo. The logo was first showcased during a UFC event sponsored by the company and was widely appreciated. Will the new vision help change the fortunes for the struggling cryptocurrency? Let’s find out.

The LTC/USD pair is attempting to put a bottom in place. After the initial pullback from the low of $23.090, the bulls have held the support at $29.349 for the past five weeks. This increases the probability of this level being a higher low. We will get a confirmation if the price breaks out of the downtrend line and the previous swing high of $40.784.

Long-term investors can expect the cryptocurrency to start a new uptrend if the price sustains above $40.784. There is a minor resistance at $47.246, above which the move can extend to $65.561.

Our bullish view will be invalidated if the bears defend the overhead resistance of the downtrend line, or the $40.784 mark. In such a case, the price will remain range bound between $29.349 and $40.784 for a few more weeks, before breaking out or breaking down from it.


Binance Coin (BNB) has made giant strides in the past few weeks and is now ranking 12th largest coin by market capitalization. Binance has become the latest exchange to offer a crypto-to-crypto over-the-counter (OTC) trading desk to benefit from the surge in OTC trading.

The company has rebranded its Trust Wallet as a multi cryptocurrency wallet, adding support to a larger number of blockchains and has improved its various features. Binance Charity has announced a Lunch for Children program that will help provide lunch to disadvantaged children in developing countries in Africa and elsewhere. Can BNB’s recovery continue or will it falter? Let’s see.

The BNB/USD pair has reached the resistance line of the descending channel. The 20-week EMA is also placed just above the channel. Therefore, we anticipate a strong resistance in the zone of $7.17–$7.7.

A breakout and close (UTC time frame) above this zone is likely to signal a trend reversal. The upside target is $12 and if that is crossed, the move can extend to $15. We retain the buy proposed in the previous weekly analysis.

If the position gets filled, we suggest traders book partial profits at resistance levels and raise the stops on the remaining amount. After all, the sentiment of the broader crypto market is still negative, so it is better to pocket small profits while one can, instead of waiting for a home run.

Our bullish assumption will be invalidated if the price reverses direction from the current levels. The downtrend will resume if the bears sink the coin below $4.1723848.  


Dash recently released version 0.13 of its build, and 47 percent of masternodes have already transitioned to it. The cryptocurrency is already quite popular in Venezuela with over 2,600 merchants accepting it.

We expect the latest political crisis in Venezuela to attract more people to Dash, and this will highlight the importance of cryptocurrencies during times of unrest and crisis. Anypay and eGifter have partnered with coin, allowing customers to turn their DASH into eGift cards without converting to fiat. Can these fundamental factors propel the price? Let’s find out.

The long-term trend in the DASH/USD pair is still down. The bulls are attempting to form a higher low around $67. However, both moving averages are trending down, and the RSI is also close to the oversold levels. This shows that the sellers currently have the upper hand. If the bears sink the cryptocurrency below $56.214, the downtrend will resume.

The pair will show signs of strength if it breaks out of the overhead resistance zone of $103–$123. If that happens, a rally to $175 and above it to $224 will be probable. Another possibility is that the bears defend the immediate resistance at $103.261, resulting in a consolidation.


Monero (XMR) managed to end the week with minor gains even though it was in the news for the wrong reasons. A study published by academics from Spain and the UK has highlighted that about 4.3 percent of Monero’s total supply was mined illegally.

The crypto exchange Gemini chose to list Dash instead of Monero because its founders, the Winklevoss Twins believe that the regulators would be more favorable to Dash. When the price doesn’t fall even amidst adverse news, it is usually a positive sign. So, is it a good time to buy? Let’s find out.

The XMR/USD pair has been consolidating in a tight range of $38.5–$60.147 for the past eight weeks. A breakdown of the range will resume the downtrend and can push it towards the next support at $28.

On the other hand, a break out of the range can propel the cryptocurrency to the overhead resistance at $81. The downsloping 20-week EMA is located just below this level. Hence, we anticipate a strong resistance at $75–$81.

As the price is currently trading close to the yearly low, we are not suggesting any trades. We might suggest long positions if the pair sustains above $81.  

Market data is provided by the HitBTC exchange. Charts for analysis are provided by TradingView.

This content was originally published here.

Bitcoin, Ethereum prices fall on January 17 as sell-off continues

bitcoinMarkets Insider

  • Bitcoin falls below $10,000, down 12%, and Ethereum breaks $1,000 to trade 15% lower.
  • Russian President Vladimir Putin is proposing tighter regulation of the cryptocurrency space.

LONDON — Bitcoin fell to a six-week low on Wednesday as global cryptocurrency markets entered the second day of a sell-off.

Major coins are registering double-digit percentage falls. Bitcoin was down 12% to $9,936.69, while Ethereum plunged 16% to $884.68, at 11.55 a.m. GMT (6:55 a.m. ET), according to data on Markets Insider.

“Despite the fact that bitcoin has almost halved from its peak of $19,800 reached mid-December, it still remains 1100% higher than it was 12 months ago,” City Index’s Simon Revington said in an email. “However, we could be seeing an important loss of momentum, especially given that Bitcoin hasn’t traded above $15,000 since Tuesday. $10,000 level is an important junction because it is a huge psychological level.”

All of the major cryptocurrencies suffered double-digit falls on Tuesday in what commentators described as a cryptocurrency “bloodbath.” The sell-off was thought to be triggered by concerns about regulation in the Asian market.

Ripple, the third-biggest cryptocurrency, was down almost 10% on Wednesday lunchtime, while bitcoin cash, the fourth-biggest cryptocurrency, fell 8%.

You can follow all the like cryptocurrency price movements on Markets Insider.

The continued slump comes amid reports that Russia could be about to impose stricter regulations on the sector. The Russian news service TASS reported last week that Russian President Vladimir Putin said “legislative regulation will be definitely required in future” for cryptocurrencies.

“It is known that the cryptocurrency is not backed by anything. It cannot be a store of value. No material valuables are behind it and it is not secured by anything. It can be a settlement medium to a certain degree and in certain situations. This is done quickly and efficiently,” Putin said, according to TASS. He compared cryptocurrencies to shared equity construction schemes. Putin’s comments were picked up by the widely read cryptocurrency news website CoinDesk on Wednesday.

The Bitcoin 101 Report by the BI Intelligence Research Team.
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Using Bitcoin or Ethereum to pay for a new Proton? Cryptocurrency not accepted, dealer suspended

Home » Cars » Using Bitcoin or Ethereum to pay for a new Proton? Cryptocurrency not accepted, dealer suspended

Preferring to drive cars rather than desks, Hafriz Shah ditched his suit and tie to join the ranks of Malaysia’s motoring hacks. A car’s technical brilliance is completely lost on him, appreciating character-making quirks more. When not writing this ego trip of a bio, he’s usually off driving about aimlessly, preferably in a car with the right combination of three foot pedals and six gears. Previous Post: Mercedes-Benz G-Class 2019 – gambar rasmi bocor
Next Post: Guna Bitcoin, Ethereum untuk beli kenderaan Proton?

RON 95 RM2.29 (+0.03)
RON 97 RM2.56 (+0.03)
RON 100 RM3.00
VPR RM3.26
EURO 2M RM2.32 (+0.06)
EURO 5 RM2.42 (+0.06)

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Our favorite blockchain pitches of 2017

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Bitcoin Holds Recent Gains Amid a Checkered Market Outlook

July 25: Bitcoin (BTC) is holding its newly won gains, having led the week’s impressive uptick to stay above $8,000. Other leading cryptocurrencies are seeing mixed fortunes, according to data from Coin360.

Market visualization from Coin360

Bitcoin (BTC) is trading around $8,200 to press time, down about half a percent on the day. The leading asset surged as high as $8,483 during early trading hours — a price point it has not seen since mid-May — subsequently retracing to its current level.

Bitcoin’s weekly and monthly gains are at a bullish 10 and 34 percent respectively, according to data from Cointelegraph’s price index.

Bitcoin 24-hour price chart. Source: Cointelegraph Bitcoin Price Index

BTC dominance by market capitalization continues to inch upwards, now at 47.2 percent according to CoinMarketCap, after posting its 2018 record-high earlier this week.

Reddit co-founder Alexis Ohanian — whose VC firm Initialized Capital was one of U.S. crypto exchangeCoinbase’s first investors —  said in a fresh interview that the “battle-tested” coin is “certainly the most robust” noting that “as volatile as it’s been…[Bitcoin] continu[es] to go up over the long term.”

Ethereum (ETH) is trading around $471 at press time, seeing around a 1 percent loss on the day. The top altcoin has seen considerable price movement between its morning peak at $484 and subsequent dip to as low as $464. Ethereum has now lost 4.84 percent on the week, but remains almost 1 percent up on the month.

Ethereum’s 24-hour price chart. Source: Cointelegraph Ethereum Price Index

On CoinMarketCap’s listings, the top 10 coins by market cap are a mixed bag, with negative fluctuations capped at under 3 percent, and the heftiest gain pushing 1 percent growth over the 24-hour period.

Bitcoin Cash (BCH) is down about 2.5 percent and is trading at $838 to press time, after an intra-day tumble to around $833, according to CoinMarketCap.

Bitcoin Cash 24-hour chart. Source: CoinMarketCap

Meanwhile, EOS has been the strongest top 10 performer, seeing a solid 1 percent growth and trading around $8.48 to press time.

Litecoin (LTC) is trading around $86.89, down roughly 1 percent on the day, with Cardano (ADA) seeing an almost 3 percent loss and trading around $0.17 to press time.

Of the top 20 coins on CoinMarketCap, crypto exchange Binance’s native token Binance Coin (BNB) — ranked 18th — has skyrocketed almost 10 percent on the day, trading around $13.13 to press time. The token is nonetheless just short of its weekly high at $13.72.

Tezos (XTZ) has been hit with steep losses of almost 5 percent, trading at around $2.13 to press time, following news that “Big Four” auditor PricewaterhouseCoopers (PwC) will conduct an external audit of its finances and operations.

While the Foundation has heralded the news as a watershed moment — it is “the first” large-scale blockchain organization to be monitored by PwC — the news has perhaps nonetheless drawn fresh attention to controversies that have beset the project since last year.

Total market capitalization of all cryptocurrencies is around $297 billion at press time, after surging to around $304 billion during early trading hours.

Total market capitalization of all cryptocurrencies from CoinMarketCap

EToro senior analyst Mati Greenspan today ventured that Bitcoin’s bull run this week has been led by a spike in trading volumes on the Japanese and Korean crypto markets, also noting that average BTC transaction rates have inched past 2.5 per second for the first time since February this year.

1-year chart of Bitcoin’s average transaction rate. Source: Blockchain.com

As a mark of the nascent industry’s rising status, Fortune this week released a crypto-focused version of its prestigious “40 under 40” honor roll for the first time, dedicated exclusively to innovators at the helm of the “financial revolution” ushered in by cryptocurrencies and .

This content was originally published here.