A lot of crypto pundits have predicted a massive bitcoin price hike, especially following the BTC halving episode, which is set to occur in May. It will cause a 50 percent reduction in mining rewards, leading to a scarcity of the coins. Increased demand due to subsequent scarcity is expected to follow.
China launched their new Crypto-Yuan (BSN) on Saturday, April 25, in Beijing. The event was attended by government officials and leaders of organizations that joined the initiative. These include the China Mobile Communications Project Institute, UnionPay payment network, mobile operators China Mobile, China Telecom and China Unicom, and Beijing Red Date Technology.
China is rolling out its own state owned digital cryptocurrency DCEP (which stands for the /electronic payment system). It is otherwise known as China’s central bank digital currency project. The digital yuan is expected to function more like a counterpart to paper money than a cryptocurrency. Unlike Bitcoin, Etherium and other cryptocurrencies, the DCEP value is expected to remain stable. Of course, it is China, therefore there would be no chance of privacy and China’s Central Bank will be able to monitor every transaction.
Two Japanese men, a doctor from Hokkaido and an Osaka-based company exec, have been arrested for buying NEM digital currency coins connected to the infamous Coincheck hack. The breach led to an unprecedented loss of about $530 million worth of cryptocurrencies.
Shopify, a major online shopping platform, has just joined the Libra organization. Joining the consortium will give the program greater credence while allowing the company to increase its payment modes. Libra has experienced some major exits in the past year. Companies such as EBay, Stripe, PayPal, and Mercado Pago, a Latin online payments firm, revoked their membership just a short while after joining.
Major crypto trading platforms are hacked almost every other month, and the latest significant breach has led to Italian digital coin exchange Altsbit announcing its closure in May. Over 6.900 Bitcoin and 20 Ethereum coins were stolen on February 5. The anonymity provided by cryptocurrencies makes them an appealing asset for money launderers and cybercriminals, and a major hassle for the authorities.
The Bitcoin cryptocurrency crossed the $10,000 barrier, its highest rate since last October. News sources reported that Bitcoin recorded a rise of 2.6 percent yesterday to reach $10,000, achieving an increase of about 40 percent so far this year. Bitcoin has recorded a rise of 1.2% since 5:00 PM on Friday (EST), to reach $9,863 at 12:00 in New York, according to the cryptocurrency trading platform (Bitstamp), based in Luxembourg.
Andrew Yang is a lawyer, investor and philanthropist, who is running for President to be the Democratic Party nominee. In an interview with Bloomberg on January 29 regarding political issues, he made his intentions known that crypto assets need a standard or uniform rules and guidelines for proper regulation.
Yesterday, 360 Enterprise Security Group and 360 Hunting Network Platform released the 2019 Cybercrime Trends Research Report, which for the first time systematically disclosed many fancy hot spots scams in 2019. Among these scams, the most destructive to the victim’s money bag is the blockchain hot spot scam. The report shows that from the perspective of per capita losses caused by various types of financial fraud, the per capita loss caused by virtual currency fraud is the highest.
Hackers that stole $51 million in Ethereum from Upbit are starting to move funds from their primary wallet. The coins are now being distributed to different wallets and in smaller sums of between 10 ETH and 100,000 ETH. The cybercriminals are also sending small amounts of crypto to some exchanges such as Huobi and Binance to test whether the funds will be accepted.
MasterCard, Visa, eBay, Mercado Pago, and Stripe have pulled out of the Libra Association. The news comes barely a week after PayPal announced that it would forgo participation. The Libra panel was initially made up of 28 companies, each set to control a network node.
Increased regulatory scrutiny has dogged the Libra project since its inception and so the future of the project seems bleak at the moment. U.S. regulators, in particular, fear that Facebook will become too powerful if allowed to handle user funds across the world. There is also trepidation among major economies such as India which are looking to ban cryptocurrencies altogether. At the heart of Libra woes lie major data privacy concerns.
In 1939, Operation Bernhard was a Nazi Germany project to forge British banknotes, counterfeit currencies. Originally, the project was dubbed “Andreas”. A the time the British pound was the reserve currency and was used as a main international payment method.
Nazi Germany needed forged currency to purchase raw materials for their defense industries. Counterfeiting currency was designed to solve German financial issues during World War II and also destabilize the economies of the nations they dubbed as enemies. Additionally, financing of espionage requires the use of foreign currencies. The challenge for the Nazis was to reproduce an identical paper for the banknotes and the watermark matrix. At the time, the task was given to professional counterfeiters, who were serving prison sentences. The process took close to 7 months.
According to the new market research “Algorithmic Trading Market by Trading Type (FOREX, Stock Markets, ETF, Bonds, Cryptocurrencies), Component (Solutions and Services), Deployment Mode (Cloud and On-premises), Enterprise Size, and Region – Global Forecast to 2024″, The global algorithmic trading market size is expected to grow from $11.1 billion in 2019 to $18.8 billion by 2024, at a Compound Annual Growth Rate (CAGR) of 11.1% during the forecast period.
A freelance gig platform is a listing of gigs (jobs) for business services. The number of gigs on a platform can be unlimited. The world is moving to micro specialists– someone who is an expert in a small specialized or micro field. A gig is a specialized service, such as writing superior press releases, or a product launch specialist. If you’re a specialist in say hydroponics, WordPress, or cryptocurrency, it can be difficult for potential employers to find your services. Maybe you want to get onto a platform that supports business, that will help you access an industry with explosive growth? Being on a diversified gig platform, people can drill down and find more specific services that they need.
Freelance Global Gigs (FGG) Low Cost Marketplace will open soon to provide help for Social Media Marketers, allowing small and mid-sized companies a high level of specialized support and services for their social media needs at a low cost. If you can provided social media services and would like to grow with us, we would like your support– especially if you can contribute to any of these key social media marketing needs:
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Bitcoin has seen tremendous growth so far this year. Year to date, BTC is experiencing +169% with a current price of $10,123. We have recently seen a sell-off in Bitcoin which we will explain in the report below. Despite BTC showing strong growth this year, most of the growth occurred in the beginning of the year. We can see that by tracking the following metrics. We can see as the duration decreases, Bitcoin has slowed down in terms up upward momentum.
Bitcoin has been in the news frequently in 2019 as its showed much promise. The emerging asset class came off a brutal year in 2018 and some called it the end to Bitcoins future. With the Bitcoin community being so large, this price action did not faze many people who still believed in the long-term value of Bitcoin. Industry followers and enthusiasts continued to label Bitcoin as “undervalued” and price deflating due to short-term news developments and uncertainties. In less than a year, Bitcoin fell from $19,783 in December 2017 to $5,500 in November 2018. After much scrutiny, Bitcoin was able to recover in what some are calling the “strongest recovery in market history.” The sell-off last year was hard to swallow, but many who were “dollar cost averaging” on the way down have done extremely well this year. Some of the developments that pushed down Bitcoin were:
Are you ready to dip your toe into the world of Crypto? If so, you’re not alone! Google searches for “Bitcoin” are on the rise, as is the Cryptocurrency itself. $100 invested at the start of the year would now be worth over $250!
So, how to get started? The good news is, there’s a wealth of great articles online that’ll teach you all the theory. But nothing replaces first-hand experience. This Beginner’s Guide cuts through all the jargon and complex trading techniques, to get you making your first confident Crypto trades as soon as possible. Along the way, you’ll have fun, hopefully make a small profit (including $10 free Bitcoin as you get started), and lay the foundation, should you wish, to become a serious cryptocurrency investor!
Blockchain backed by Facebook and other big companies wants to be more reliable and mainstream than established cryptocurrencies. From technical points to governance, here is what Libra cryptocurrency proposes:
Libra cryptocurrency marks a milestone in the history of cryptocurrency: never before has such a currency been designed and supported, not by one, but by 28 companies, many of which are world-renowned. In a world fraught with frauds, bugs, and cyber fraud, some could see Libra as the first final “frequentable” cryptocurrency. It is true that it is built around stability as a mantra, even if it means sacrificing this decentralization that made the eyes of blockchain activists shine.
After one year of placing restrictions, Facebook decided to remove the ban on cryptocurrency and blockchain based ads.
In January, 2018 the social media firm Facebook decided that the ads involving blockchain technology, Educational information, industry news and event that are related to cryptocurrency must have prior written approval before displaying ads.
Crypto wallets have become the need of the hour with a tremendous increase in the use of cryptocurrency on a global scale. These virtual wallets come to combat all the limitations of a conventional wallet by way of imparting more security to your money. Hire a professional crypto wallet developer now to help you build personalized crypto wallets to cater to specific trading needs.
- The best-known cryptocurrency added nearly 20%, its best one-day return since 2017. In mid-morning trade bitcoin fetched $5,022.35, up 4.3% on the day and up more than 50% from its December 2018 low near $3,200.
Blockchain App Factory, is a leading cryptocurrency exchange development company, added features to its trading platform; margin trading and perpetual swap contracts. There has been a massive push by institutional investors to introduce futures trading for bitcoin and other cryptocurrencies.
“The Regulatory Bodies are sceptical about margin and futures trading with Bitcoin. However, with perpetual swap contracts, we might be able to bring the stability the authorities are looking for to declare Bitcoin as an asset for trade,” said the spokesperson for Blockchain App Factory.
Margin trading is a highly lucrative and risky trade practice due to the presence of lending companies. Lenders provide leverage for traders to invest in cryptocurrencies, and lenders are benefitting from the interest. Exchanges can integrate their lending partners, thereby, creating a win-win for the exchange and the investors.
- Bitcoin has had a terrible month, but not as bad as many other major and minor cryptocurrencies it would seem, with bitcoin’s share of the total cryptocurrency capitalization, known as its dominance, moving higher throughout November.
- Looking at all the selling that has brought the world’s largest cryptocurrency, by market cap, to its knees, it’s hard to pinpoint one catalyst that may be able to reverse the trend. The Securities and Exchange Commission concerns create a “death spiral situation” that spills over into 2019.
- Is still worth steadily acquiring coins every time it hits a new low? You could possibly see a yield of 100 to 200 percent in 3 years, and a whopping $1 million by 2020..
- Ohio will become the first state to accept cryptocurrency for tax payments, beginning this week. A business does not need to be headquartered in Ohio to pay in Bitcoin, but must operate in the state.
- Bitcoin is up more than 1,000% over the last 3 years which is incredible gains in any asset and any respect. Bitcoin cycles have played out over and over again where we see an incredible boom and then large percentage pull backs on the bust cycle.
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- Apple Co-founder gives his insight about Bitcoin [BTC] and Ethereum [ETH] and the underlying technology. Blockchain is branching out into developing applications that are changing the way people think and apply it, from the ground up, which is what the internet did in the 90s.