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3 Criteria for choosing a cryptocurrency exchange

05.10.2017 News 0

Even though everyone is talking about digital currencies, ICOs and blockchain, most people have yet to invest in any of them — and I think I know why. It’s kinda scary. In just the last 30 days, for example, according to BNC’s BLX index, the average price of Bitcoin has been as high as US$5000 and as low as US$3050. 

And for those who do want to invest, the process could certainly be easier. It’s often said that the toughest part of any journey is the first step and in the case of buying and selling cryptocurrency that usually means finding a reputable bitcoin exchange.

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Neo Price Analysis – ICO tokens soon to be released

03.10.2017 News 0

At US$3.4 billion, NEO (NEO), is now the sixth largest among cryptocurrencies and assets. Formerly know as Antshares, and dubbed by many as the “Ethereum of China,” NEO has risen sharply since its ICO, rebrand, and heavy marketing effort in late 2016.

NEO was founded by Da Hongfei and Erik Zhang. Unlike any other cryptocurrencies or assets, NEO uses neither Proof of Work (PoW) or Proof of Stake, but a consensus mechanism known as delegated Byzantine Fault Tolerant (dBFT).

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IMF head foresees the end of banking and the triumph of cryptocurrency

03.10.2017 News 0

In a remarkably frank talk at a Bank of England conference, the Managing Director of the International Monetary Fund has speculated that Bitcoin and cryptocurrency have as much of a future as the Internet itself. It could displace central banks, conventional banking, and challenge the monopoly of national monies.  

Christine Lagarde — a Paris native who has held her position at the IMF since 2011 — says the only substantial problems with existing cryptocurrency are fixable over time.

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Japan’s Financial Services Agency approves first bitcoin exchanges

02.10.2017 News 0

The Japanese Financial Services Agency (FSA) has released a list of the first 11 companies permitted to operate exchanges that trade fiat currencies against digital currencies such as bitcoin. 

Since the Payment Services Act (which legalized digital currencies in Japan) went into effect in April this year, all companies trading fiat for cryptocurrencies were required to register as a ‘virtual currency exchange business’. The law was enacted with the provision of a 6-month grace period to give companies the opportunity to complete registration. Those operating digital currency exchanges before the introduction of the registration system were labeled ‘deemed operators’ and fell into a few different statuses. According to the Japanese financial publication Newspicks, 17 companies remain under review,12 have chosen to shut down at their own discretion and two have not applied for registration.

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Bitcoin Price Analysis – Retest before push higher

02.10.2017 News 0

Bitcoin continues to recover from the 40% decline which occurred throughout the month of September and now holds a market cap of US$72 billion.

SegWit2x was part of the New York Agreement which aimed to increase block size to 2MB and enable SegWit transactions. Jeff Garzik and the BTC1 team has a month to complete the project before the November 1st deadline.

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Crypto wallets remain at risk from phone hacks

30.09.2017 News 0

With the prevalence of two-step authentication systems that use phone numbers to access email and virtual money accounts, phone hijacking is on the rise as a way to siphon funds from online cryptocurrency wallets.

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Surf’s up or tsunami – is an ICO legislation wave looming?

29.09.2017 News 0

In crypto years, the July 25th report by the US Securities and Exchange Commission (SEC) on the DAO ICO probably feels like ancient history to many industry observers. Much has been written about it and the flavor of a lot of that comment has been that the gold rush is over.

For many, that interpretation was reinforced soon after the SEC’s report by the Chinese government’s decision to ban ICOs altogether – and give them the nasty name of “illegal financial crimes” to boot. Even Gibraltar got on the bandwagon – with its Financial Services Commission announcing on September 22nd that it was “considering” a regulatory framework “covering the promotion and sale of tokens.”

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Ethereum Price Analysis – Immediate upside likely

28.09.2017 News 0

Ethereum (ETH) now has a US$29billion market capitalization, second only to Bitcoin’s US$69 billion. ETH is also the second highest trading digital cryptocurrency or asset by volume, below Bitcoin and above Ripple.

ETH has had a wild ride this month, dropping from all-time highs around US$400 to US$200. The cryptocurrency has since rallied and currently trades around US$300.