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Showing posts from April, 2018

Bitcoin Price Watch: Currency Still Sits at $9,300

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[ad_1] Bitcoin is holding its ground at $9,300. The currency has been sitting at this mark for several days, and while the price hasn’t necessarily dropped, it hasn’t jumped forward either. This suggests that bitcoin is encountering newfound resistance at its present level, and perhaps $10,000 is not as close as we originally thought. Though support remains relatively firm at the current price, bitcoin could potentially experience spikes to $11,700 and even $12,000 respectively granted it is able to move above the $9,500 mark. Once this resistance is broken, we may witness bitcoin firing forward at a rapid rate. The upside is that bitcoin has reached its highest position since mid-March, when the price jumped slightly beyond $9,700. For the most part, bitcoin is retaining its bullish bias, though analysts suggest that “reduced crypto market volatility” is keeping bitcoin locked in place for the time being. In addition, recent comments made by billionaire Warren ...

The 2018 Year of Cryptocurrency Challenge – Week 16

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[ad_1] At the beginning of 2018, I wrote an article outlining a New Year’s resolution that I thought could help boost cryptocurrency adoption and awareness in 2018, as long as enough people were doing it. Last week was the fifteenth installment of my challenge. After a few slower weeks for my challenge, I’m happy to say that this week was far more productive for me. I’m going to change up the usual format of this series a little bit, but probably only for this one post. I had an interesting encounter recently that checked the boxes for all of my challenge goals. Story time! A few days out of my week, I try to go to a coworking space to get some work done, and one of the building’s weekly networking events includes a spread of free snacks and wine. My interest was piqued! I realized that this was probably a great place to try to engage with more people on cryptocurrency and blockchain. Admittedly, the prospect of free wine was also a driving force (as ...

Ethereum price analysis – Rising steadily towards $713.24

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[ad_1] Ethereum price has been rising steadily during the past few days along the upwards trend line that has been evident since April  7th. $700 was repeatedly the day high on Saturday and Sunday. Repeated cycles of upwards price bursts followed by brief downwards price correction attempts have been evident on the 4 hour ETHUSD charts, since last Friday. However, the upwards trend line has been acting as a rising support level during the past few days. The market seems to be moving towards testing the resistance around $713.24 during the first few days of the upcoming week. So, can we expect ethereum price to exceed $700 during Tuesday’s trading sessions? Ichimoku Cloud just turned green on the 1 day ETHUSD chart: We will examine the 1 day ETHUSD chart from Bitfinex, while plotting the 50 day SMA (green curve), the 100 day SMA (red curve), and the Ichimoku Cloud, as shown on the below chart. We will maintain the Fibonacci retracements  we plotted  during an earlier...

Bitcoin Is a Bubble! And Other Crazy Things We’ve Heard

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[ad_1] Bitcoin is a bubble! Bitcoin is a scam! Bitcoin is a Ponzi scheme! Bitcoin will crash soon! How many times have you heard these and similar comments from people who seem completely convinced they are right? Too many times, right? Well, me too. Bitcoin, and by extension the whole cryptocurrency industry, has been described as the biggest bubble in recorded history by more people than we care to remember. Such statements are particularly bold considering that there have been some huge bubbles over the years, such as the Dutch tulip bubble of the 1630s, the Japanese real estate and stock market bubble of the 1980s, and the more recent dot-com bubble of the early 2000s. Will all these doubters become convinced that Bitcoin and the blockchain are here to stay and that ‘a bubble’ is the one thing it’s not? Investment Titans To Tech Pioneers When someone on Twitter comes out and condemns cryptocurrencies, or someone rants on Facebook about how ...

Sergey Brin Refers to Ethereum as an Advance in Computing

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[ad_1] Technology pioneers have been showing an interest in blockchain  technology and cryptocurrency for quite some time now. Especially for pioneers active in the coding world, the concept of cryptocurrency is rather intriguing. Alphabet’s Sergey Brin recently mentioned Ethereum in a positive light. This took a few people by surprise, although most of his comments revolved around artificial intelligence. Sergey Brin and Ethereum As is usually the case when a famous technology pioneer references cryptocurrency, there is a fair bit of surprise and confusion to contend with. In the case of Alphabet president Sergey Brin, his recent comments regarding Ethereum shocked a lot of people. Not because they were negative, but mainly because he sees the bright side of cryptocurrency in general. It is quite uncommon to hear someone think along those lines these days. To put this into perspective, Sergey Brin recently talked about cryptocurrency and ar...

France to Reduce Bitcoin Capital Gains Tax From 45% to 19%

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[ad_1] Capital gains taxes and cryptocurrency have always been an odd couple. Although a lot of people see the merit in proper taxation guidelines for cryptocurrency, things are never as clear-cut as they might appear. In France, a new proposal has been introduced to reduce the capital gains tax on Bitcoin from 45% to 19%. It’s a positive development, as a lower flat rate simply makes a lot more sense. France Reduces Bitcoin Capital Gains Tax by 60% Anyone who currently deals with Bitcoin for speculative or professional reasons in France will pay a capital gains tax on their profits. That’s been the situation for quite some time now. The original regulation dates back to July 2014, and it has not seen any major changes since that time. This is not to the liking of local cryptocurrency users, as paying a 49% capital gains tax seems crazy. Changing this rule has been an ongoing battle, although major success has been achieved. French sources repo...

CryptoCarz Combines VR with Ethereum-Based Assets

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[ad_1] There is growing interest in issuing assets on the blockchain. Projects such as CryptoKitties have shown the world how powerful this business model can be. It now seems CryptoCarz is trying to achieve the same goal, as they want to offer the world’s first blockchain-enabled VR racing experience. Combining distributed ledgers with virtual reality will undoubtedly have some interesting consequences. Can CryptoCarz Succeed in the Long Run? While one can only marvel at the power of blockchain-based assets, there is a question as to how viable this business model really is. Although anyone and everyone can issue new blockchain assets as they see fit, not every project will succeed. CryptoKitties is a great example of a project with a lot of initial hype which was rekindled a few times, but still isn’t on that many people’s radar. Whether or not CryptoCarz will meet a similar fate remains to be determined. The team wants to take blockchain assets one st...

What Is Anonymous Bitcoin Cryptocurrency?

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[ad_1] For those people who are fed up with cryptocurrency hard forks, ignoring Anonymous Bitcoin may be the best course of action. This yet-to-be created currency will take the best aspects of Bitcoin and ZClassic and combine them into a powerful currency. Creating a full-privacy alternative to Bitcoin is not necessarily something new, but Anonymous Bitcoin claims it can do a better job than others have.   The Purpose of Anonymous Bitcoin It is commendable to see developers take a different approach when it comes to dealing with Bitcoin and privacy. More specifically, most cryptocurrency users are all too aware of how Bitcoin itself is neither private nor anonymous by any means. While some government officials may claim otherwise, anyone can see that Bitcoin is not the tool with which to hide one’s financial activity. Even so, there is a growing demand to bring more privacy to Bitcoin itself. We do know that some Bitcoin developers and contributors are...

NEO Price Continues to Rise as $90 is in Sight Once again

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[ad_1] It has been a while since people actively discussed the NEO price. Thanks to all of the current positive momentum, that situation will come to change fairly quickly. Even though the NEO price did not hold on to the $90 price level, it seems the overall uptrend over the past week still remains in place. Especially now that Bitcoin and Ethereum are recovering a bit as well, things look pretty good for this altcoin . How High can the NEO Price Really go? As is always the case when it comes to cryptocurrency price speculation, there are no certainties. With Bitcoin suffering from a brief dip this morning, there were some concerns as to what the future would hold for most cryptocurrencies. So far, it seems the dip has been bought up again, and the uptrend will be resumed for quite some time to come. This also spells good news for the NEO price , which continues to appreciate in value as we speak. To put this into perspective, the NEO price has attempted to reach $90 on multiple occ...

EOS Price Drops Sharply as Massive Gains Turn Into Steep Losses

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[ad_1] Given all of the cryptocurrency momentum we have seen in the past few weeks, it is not entirely surprising to see most markets cool off a bit. Especially the EOS price is taking a massive beating right now, which is not entirely surprising. The project has seen a massive value increase over the past few days, even though the underpinning technology is far from production ready. EOS Price Correction was Direly Needed It has been a crazy end of April for most of the cryptocurrencies out there. With Bitcoin and most altcoins going up in value by anywhere between 20% and 65%, it is only normal a price correction would set in sooner rather than later. For the EOS price , that correction may get pretty steep, as this currency has seen the highest gains or any cryptocurrency on the market. The only logical outcome is how it will also see the biggest correction of all currencies, although the jury is still out on that one. With the EOS price losing 14.07% in value over the past 24 hours...

Billionaire Investor and Former ‘Shark’ Kevin Harrington Is Bringing Pitches to the Blockchain

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[ad_1] Kevin Harrington, Investor and Original ‘Shark’ on ABC’s Shark Tank There’s a lot that goes into preparing a pitch to an investor, whether it’s the ‘sharks’ on Shark Tank or the ‘dragons’ on Dragons’ Den . You have to worry about scheduling travel arrangements, hotel reservations, venue locations, meals, and of course, the actual pitch. But that’s outdated, inefficient, and burdensome. It’s time the entrepreneurial space evolved, and the only way to do that is with blockchain. I had the opportunity to sit down with  Kevin Harrington , the original ‘shark’ on Shark Tank and the CEO/founder of  As Seen On TV , on why he believes investing in the blockchain is a game changer for both investors and entrepreneurs. Jumping Through The ‘Pitching’ Hoops Is A Pain In The Ass “Sometimes these processes of having to jump through all the lengthy pitching hoops and ...

Bitcoin Price Watch: Currency Stands Firm at $9,300

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[ad_1] Bitcoin is holding steady at $9,300. It’s a good sign that bitcoin can remain firm over the weekend, and $10,000 may not be too far off the mark. The largest rewards are now being witnessed in mining. It was recently speculated how profitable mining could truly be if bitcoin’s price remained under $8,600. Figures like Fundstrat’s Tom Lee were discussing the notion of bitcoin mining losing full profitability, but now bitcoin stands $700 above the mentioned position. A few weeks ago, for example, a 1080ti GPU from Nvidia was earning about eight dollars a day. That meant a miner could allegedly earn their investment(s) back in just under four months. It was an exorbitantly long time to wait to see profit. At the time, bitcoin was hovering around the $6,600 range, and rewards for mining had ultimately come to a crashing halt. From there, the 1080ti’s earnings dropped to $1.40 a day before incurring a slight rise to $2.40 per day, and some believe the fall in ...

Poloniex Will Not Support MoneroV and Will Disable Monero Transactions on Monday

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[ad_1] With all of the hard forks going on in the world of cryptocurrency, it is difficult for exchanges to keep tabs on things. It now seems most of the exchanges will not support the upcoming MoneroV hard fork. For some people, this is anything but a surprise, whereas others see it as a form of censorship. Poloniex Wants Nothing to do With MoneroV Monero users are all too aware that there are numerous hard forks of this particular currency. While there are very few coins which offer both privacy and anonymity features in a permanent fashion, it is evident Monero is the one currency to keep an eye on in this regard. As such, some coins are trying to ride its coattails to success, including the upcoming MoneroV hard fork. While it remains to be seen how MoneroV will shape up compared to Monero itself and XMR’s future offspring, Poloniex has made its position on this altcoin clear . More specifically, the trading platform will not support the MoneroV fork, which i...

Revolut Adds Support for Both XRP and Bitcoin Cash

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[ad_1] Cryptocurrency trading continues to make inroads all over the world. Surprisingly, this trend has been quite prevalent in the broader financial industry. Revolut , a digital banking startup ,  enabled support for Bitcoin, Ether, and Litecoin quite some time ago. They now provide support for XRP and Bitcoin Cash as well, on the heels of raising another $250 million in funding. Revolut is on a Roll When major financial service providers begin paying attention to cryptocurrencies, things will undoubtedly get exciting. Revolut has made its intentions regarding cryptocurrencies quite clear, as they already offer support for Bitcoin, Ethereum, and Litecoin. Users can buy, hold, and exchange these currencies at the best possible rate at all times. With the company now adding XRP and Bitcoin Cash to their list, the London-based digital banking startup is banking big on various cryptocurrencies. It is pretty interesting to see this company acknowledging that th...

Binance Group Plans to Create 40 Jobs in Bermuda

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[ad_1] The year 2018 has been pretty positive for the Binance exchange so far. Unlike what most people may have expected, the company is expanding its presence at an accelerated pace. Earlier this week, the company signed a Memorandum of Understanding with Bermuda’s Premier and Minister of Finance.  Another Notch in the Belt of Binance It appears there is no company in the cryptocurrency world which is as popular as Binance is  right now. Considering its position in the industry, one would expect some companies and governments to be paying attention to Binance. However, it seems the company is firing on all cylinders right now, as Binance Group makes some sort of headline virtually every other day. This is a positive development for the cryptocurrency industry as a whole, though. The company recently set up shop in Malta, and it now seems Binance Group is focusing on Bermuda. Although that country is not necessarily new to cryptocurrency or blockchain technology, not too...

Funguana Is an Upcoming Trading Bot Combining TA With Machine Learning

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[ad_1] Cryptocurrency trading bots have always been rather popular. Although it is not too difficult to learn how to trade cryptocurrencies – or just hold them – people still like the convenience offered by a trading bot . One Reddit user has been working on a project known as Funguana, and it is good to see more trading bots being brought to the masses. A Closer Look at Funguana As is always the case when someone decides to build a  trading bot , there are some concerns as to whether or not this is a legitimate venture. After all, we have seen a fair few trading solutions with less than honest intentions, and there is no reason to think we won’t see more of those creations in the future. Funguana appears completely legitimate, but always do your own research before experimenting with applications still in development. As for Funguana , the bot was built by an individual who “got tired of losing money by incorrectly timing trades”...

What Is Bitcoin Prime Cryptocurrency?

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[ad_1] Cryptocurrency hard forks have become a lot more common in the past few months. Virtually every major currency has its own hard fork right now, and it seems this somewhat popular trend will not slow down anytime soon. With Bitcoin Prime now looming on the horizon, there will be even more confusion in the cryptocurrency industry. Is There a Purpose to Bitcoin Prime? We don’t necessarily need more forks of Bitcoin which will get some initial hype and then drop off the radar completely. Although it is still too early to tell what will happen with Bitcoin Prime in the long run, the project is shrouded in mystery for the time being. It was only announced a few hours ago, and no real specifics have been made public at this time. We do know Bitcoin Prime is an alleged fork of Primecoin and Bitcoin. That is a rather interesting development, as Primecoin is not something most people have kept tabs on after its initial hype in 2014 died down. Most people expected PrimeCoin...

CFTC Aims to End Cryptocurrency Pump-and-Dumps With a Bounty Program

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[ad_1] Pump-and-dump schemes are nothing new in the world of Bitcoin and cryptocurrencies. Such scams and hype cycles come around virtually every other week. The US Commodity Futures Trading Commission is all too aware of such developments. As such, the agency has created a bounty program meant to encourage whistle-blowers to expose these schemes. Ending Crypto Pump-and-dumps Those of us who have been involved in cryptocurrency for multiple years will have noted a disconcerting trend. Whenever a new cryptocurrency comes around, there is a lot of initial hype. However, there is also a very real chance that such currencies will turn out to be pure pump-and-dump schemes. Most of the altcoins we have seen in the past few years adhere to this P&D-style of marketing, and eventually become obsolete. This type of behavior leaves a lot of bagholders behind. Consequently, people become a lot more cautious when it comes to dealing with various cryptocurrencies. Considering...

Bitcoin.com to Face Lawsuit for Allegedly Tricking Users into Buying BCH

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[ad_1] The Bitcoin (BTC) and Bitcoin Cash (BCH) communities have been at each other’s necks since August 2017 when Bitcoin Cash forked from Bitcoin. However, in a new twist to the ever-heated feud, a group of Bitcoin proponents is accusing Bitcoin.com – and by extension, Roger Ver – of using the site to mislead and defraud users into buying Bitcoin Cash instead of Bitcoin. The group, which claims to be composed of influential industry leaders as well as community volunteers, has expressed its rage for what they describe as Ver’s deliberate efforts to trick users into buying BCH instead of BTC, leading to loss of funds. Lawsuit To Be Filed The group is determined to bring Bitcoin.com’s alleged deceptive practices to a halt, and the founders have promised to file a lawsuit against the site. In order to bring together aggrieved claimants, the group has created a website, bitcoincomlawsuit.info , that promises legal help to any claimant who comes...

What Is Daneel Cryptocurrency?

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[ad_1] The AI-driven crypto services available today have been found to possess a plethora of functional and technological limitations. For starters, most current solutions are restricted to information that is presented to them via media channels such as Facebook, Slack and Telegram. Daneel is an all-new AI-based personal finance assistant that makes use of IBM’s Watson technology. From a technical standpoint, Daneel’s framework is quite advanced and has the potential to become one of the most efficient artificial intelligence platforms within the digital currency sector. Some of the core aspects of this AI system include: Operability : over time, Daneel learns to understand human input and is thus able to interact with customers seamlessly. Updates : owing to its highly developed AI algorithms, the platform is able to keep users informed with reliable information in real time. Market Sentiment Analysis : one of the most underrated features of Daneel is its ability to iden...

What Is Haven Cryptocurrency?

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[ad_1] Ever since Bitcoin entered the global economy, the crypto powerhouse has paved the way for seamless peer-to-peer asset trading between two or more individuals. Not only was it the first to implement a distributed ledger system, but it also makes use of a cryptographic proof of trust module to ensure the safety of each transaction. However, due to the rapid development of the alt-currency sector as well as other unforeseen issues, Bitcoin has suffered from problems related to expensive transfer fees, long transaction times, etc. Haven is essentially an untraceable cryptocurrency that provides a mix of standard market pricing and stable fiat value storage without an unsustainable peg or asset backing. This is achieved primarily by making use of an on-chain smart contract that controls the minting and burning of coins. As a result, users are able to send their holdings to offshore storage contracts while allowing everyone else to be exposed to the natural price movements of...