BingX`s reimbursement pledge highlights the growing need for robust security measures in the crypto industry to maintain user trust. The post BingX pledges to reimburse users after security breach appeared first on Crypto Briefing .
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Seattle Airport Hit by $6M Bitcoin Ransom Demand After Cyberattack
Hackers have targeted Seattle-Tacoma International Airport with a ransomware attack, demanding 100 bitcoins to buy the data back. Although the airport managed to fend off most of the damage, the attackers encrypted some data and posted stolen files on the dark web. Now, the Federal Bureau of Investigation (FBI) is involved, and the airport refuses Crypto Briefing
Bitcoin Cash Price Jumps 15%: Is This Just the Beginning of More Gains?
Bitcoin Cash price started a major increase above the $320 resistance. BCH is consolidating and might aim for more gains above the $350 resistance. Bitcoin cash price started a fresh increase above the $330 level. The price is trading above $335 and the 100-hour simple moving average. There is a bullish flag pattern forming with resistance at $345 on the hourly chart of the BCH/USD pair (data feed from Kraken). The pair could start another increase if it clears the $350 resistance zone. Bitcoin Cash Price Starts Fresh Surge After forming a base above the $305 level, Bitcoin Cash price started a fresh increase. BCH outpaced Bitcoin and Ethereum to gain over 15%. There was a clear move above the $320 resistance zone. The price even surpassed $335 and tested the $350 resistance zone. A high was formed near $349.73 and the price is now correcting gains. There was a minor move below the $345 level. The price dipped below the 23.6% Fib retracement level of the upward move from the $306.92 swing low to the $349.73 high. Bitcoin cash price is now trading above $335 and the 100-hour simple moving average. Immediate resistance on the upside sits near the $345 level. There is also a bullish flag pattern forming with resistance at $345 on the hourly chart of the BCH/USD pair. A clear move above the $345 resistance might start a decent increase. The next major resistance is near $350, above which the price might accelerate higher toward the $362 level. Any further gains could lead the price toward the $380 resistance zone. Fresh Drop in BCH? If Bitcoin Cash price fails to clear the $345 resistance, it could start a fresh decline. Initial support on the downside is near the $335 level. The next major support is near the $328 level or the 50% Fib retracement level of the upward move from the $306.92 swing low to the $349.73 high. If the price fails to stay above the $328 support, the price could test the $320 support. Any further losses could lead the price toward the $305 zone in the near term. Technical indicators 4-hour MACD – The MACD for BCH/USD is gaining pace in the bearish zone. 4-hour RSI (Relative Strength Index) – The RSI is currently above the 50 level. Key Support Levels – $335 and $328. Key Resistance Levels – $345 and $350. Crypto Briefing