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Bitcoin Is an Irreversible Trend

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By: Moris Beracha.- In a case study on the use of crypto-currencies, presented by TV Liberal in Brazil, it was highlighted that Bitcoin is a trend that has no regression. Several personalities of the Brazilian crypto-currency ecosystem addressed the issue of crypto-currency and its possible uses as a means of investment, payment or reserve of value. The program highlighted the existence of approximately 3,000 other cryptocurrencies besides Bitcoin (BTC), such as Ethereum (ETH), Litecoin (LTC), ripple (XRP), and ZCash privacy currency (ZEC). Although they all have monetary value, it points out the need for investors to educate themselves before investing their money, due to the instability in the price. To continue reading enter here morisberachahoy.wordpress.com

Russian investors continue betting on cryptocurrencies

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By Moris Beracha .-  2018 was a negative period for some of the world’s most important cryptocurrencies. The value of Bitcoin, Ethereum, LiteCoin, Ripple among many others, dropped over the previous year and a large number of investors lost millions of dollars. However, countries such as Russia still maintain their hopes in digital assets and despite the price crash, the interest in cryptocurrencies remains. According to financial consultant Olga Prokhorova, the new generations of entrepreneurs are looking to make some kind of investment with tokens, because they trust that this will be the future. In an interview with the news channel of Federal Press, the also representative of the “International Financial Center”, cited data from a study published by the University of Cambridge suggesting that the number of users with identity to perform some type of transaction in the cryptocurrency ecosystem has grown to more than 35 million worldwide. T...

Ethereum Classic 51% Attackers Allegedly Returned $100,000 to Crypto Exchange

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ETC Wallpaper - Ethereum Classic Cryptocurrency By Adrian Zmudzinski | Cointelegraph     The Ethereum Classic 51 percent attacker has reportedly returned $100,000 to cryptocurrency exchange Gate.io, a post on the official exchange’s blog reports on Jan. 12. The company further noted that they tried contacting the attacker but didn’t get any reply until now, and that they do not know the reason why the funds have been returned. The exchange declared: “If the attacker didn't run it for profit, he might be a white hacker who wanted to remind people the risks in blockchain consensus and hashing power security.” A white hat hacker is a hacker with a strong professional ethic who uses his hacking abilities for good and not for personal gain. The jargon file , a staple of hacker culture, further explains: “The term white hat [stands] for an ally or friendly security specialist.” On Jan. 9, Gate.io published their analysis of the 51 percent attack, fi...

US Man Fined $1.1 Million, Sentenced to 15 Months for Fraudulent Bitcoin, Litecoin Schemes

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By Ana Berman          U.S. citizen Joseph Kim of Phoenix, Arizona has been fined $1.1 million and sentenced to 15 months in jail for misappropriating Bitcoin ( BTC ) and Litecoin ( LTC ) from several people, the U.S. Commodity Futures Trading Commission ( CFTC ) reports Friday, Nov. 9.   The CFTC found out that Kim defrauded his employer, a Chicago-based proprietary trading firm, transferring approximately $601,000 worth amount of BTC and LTC to his own accounts in 2017. When asked about missing cryptocurrencies, Kim falsely claimed that security issues made him transfer digital currencies to several accounts. Shortly after, the misappropriation was discovered and Kim was fired. Kim reportedly then defrauded private investors in order to return funds to his employer. According to the CFTC, he lured around $545,000 worth of cryptocurrencies from five individuals, falsely stating that he had left the company voluntarily to s...

Bitcoin's Terrible Month Isn't Actually All That Bad

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Billy Bambrough Bitcoin has seen quite a heavy sell-off over the last 30 days but that was preceded by a bull run, leaving the bitcoin price more-or-less flat — and reminding investors to take a wider view of market movements. Despite hitting highs of almost $7,500 earlier this month, the bitcoin price has dropped back to just over $6,300 today — pretty much exactly where it was some 30 days ago. There were fears in early September bitcoin, as well as other major cryptocurrencies including ethereum, ripple, and litecoin, were going into freefall as investors panicked over whether the much anticipated institutional money that many have been expecting to be injected into the market will actually appear. That sudden sell-off now seems to have stabilized — with many still feeling positive a major bitcoin exchange-traded fund (ETF) could be approved this month by the U.S. Securities and Exchange Commission (SEC). Elsewhere, the New York ...

These Crypto Nomads Are Using Bitcoin (And Ether) To Travel The World

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By  Alexandra Talty Bitcoin. Litecoin. Ethereum. Cryptocurrency. What was once seen as a tech fad is now being considered one of the top investment vehicles in the world. Kim Kardashian is even getting into BTC now. But as speculation drives prices high and low, a small group of enthusiasts are still dedicated to using these currencies for actual monetary exchanges. Call them the crypto nomads. The Rise of Traveling with Crypto The advent of “greater accessibility in the crypto financial system… helps travelers,” says Laura Shin, the host of crypto podcasts Unchained and Unconfirmed and former  Forbes  staffer. Shin has been covering the rise of cryptocurrencies for over three years. There’s a “network effect,” agrees RockItCoin CEO and Founder Michael Dalesandro. The 50-year-old first got into crypto in 2015. Since then, he estimates that he’s seen 60% year-over-year growth of Bitcoin ATM machine installations. “T...

Is it possible to foresee Bitcoin’s trend by observing Ethereum and Litecoin?

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By iBankCrypto, Global Coin Report The trader’s mind is the same on any given marketplace. The fears and expectations regarding a commodities price at a particular time and period. But is there a direct correlation between the prices of Bitcoin, Litecoin, and Ethereum? The response to that question varies quite a bit depending on the combination of which digital asset and the period. From our observations, there are several times where the three virtual currencies have moved in tandem with one another in regards to price even though Bitcoin is the undisputed leader of virtual currency. For the past few years, the crypto space has witnessed several altcoins gaining relevance in the industry, among these altcoins include, Litecoin which was created in 2011 with the aim of being the second runners-up to Bitcoin’s gold. At present, Litecoin is the 7 th largest virtual currency by market capitalization after Stellar, EOS, Bitcoin Cash, Ripple, Bitcoin and Ethereu...

Cryptocurrency Rally Builds Steam as Bitcoin Surpasses $7,500

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By Olga Kharif and Eric Lam in Bloomberg Cryptocurrencies extended their rebound on Wednesday as Bitcoin traded above $7,500 for the first time in a month, shrugging off security and regulatory concerns that have plagued the digital currency for much of this year. Bitcoin climbed as much as 3.1 percent to $7,543, according to Bloomberg composite pricing. Rival cryptocurrencies including Ripple, Ether and Litecoin also advanced. Bitcoin remains more than 60 percent below its all-time high in December. The cryptocurrency last traded above $7,500 on June 8, before getting caught in a sector wide sell-off that erased about $42 billion of market value the following weekend. Some observers pinned that retreat on an exchange hack in South Korea, while others pointed to lingering concern over a clampdown on trading platforms in China. Cryptocurrency venues have come under growing scrutiny around the world in recent months amid a range of issues including thefts, market manipulation and ...