Cryptocurrencies in the Market Have Been Consolidating At Lower Levels

Fibo Quantum

Bitcoin continues to be the favorite
in the dark web.  A recent study which was
published on Sunday revealed that hackers who were sponsored by North Korea have
found a way to attack Apple Mac.

The Lazarus Group are the hackers who
were considered by the US government to be sponsored by North Korea.  It is no suspected that they are trying to get
in to Macs aided by a cryptocurrency software created by the front company.

Jamf Patrick Wardle, security research
person stated, “The hackers created a fake company complete with an
official-looking website. In this latest case, the North Koreans set up the
front company, JMT Trading.”

The bulls are making it to action in the
cryptocurrency market.  There is
sufficient room for growth as cryptocurrencies in the market have been
consolidating at lower levels.

Ethereum has been holding above $182
and the correction towards $200 did not materialize in the past week and it
gave way for fresh losses.

Overall, the cryptocurrency market has
been losing traction due to the growing indecision in the market. If the Bitcoin
would trade past the $8,700 range, then this can open way to the $9,000 price strength.

Ripple’s XRP is vulnerable to further
correction on the down trend. The XRP broke free from the long-term triangle
pattern and it touched $0.286.

Halo, a trustless version of
zero-knowledge proofs provides for a scalable solution, which can provide for
several digital age real world applications which are beyond cryptocurrency.

Halo establishes the “proofs of proofs”
using dramatic compression and computational requirements. It is expected that Halo
“may turn out to be a building block for the next generation of the Internet
and other such social infrastructure.”

There will be resistance from behavioral
inertia, corporate incumbency and regulation. Cryptocurrency developers are working
to create the needed fixes.

Dogecoin has made a spike by 7.36%
overnight.  The value of the coin has not
crossed 0.0024 USD.  The market cap has
not expressed strength in the past 24 hours. 
The bullish outlook for the token is likely to continue though.

Monero has been adopting to a new POW
algorithm in order to work past the ASICs. 
The ASIC machines are taking over the mining network and Monero is planning
to switch over to a POW algorithm to improve its resistance.

Jordon Clifford recently tweeted: “1/ The Monero team will
soon be changing its proof-of-work consensus algorithm in late October to
RandomX. The Monero developer team believes that in order for the network to
remain secure, ASICs must be kept off the network.”