Experts Warn of Bitcoin’s Volatility

Bitcoin, News and Updates
Whether you have been following Bitcoin (and other cryptocurrencies) from the time it was incepted or are just getting into the realm now, one of the first items you will learn is of the sheer volatility inherent in it. While things like stocks and fiat currencies all have ever-changing values, the US Dollar and major stocks see their value fluctuate marginally, with only those who have massive holdings seriously impacted by such small movements.  With regard to Bitcoin, however, we have seen in recent weeks that the price of the currency is subject to massive swings that can affect the large volume investor and small time investor alike. For those who may be interested in making a quick buck off of these price movements, some experts have warned folks to…
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A Word of Caution from the Founder of Bitcoin Foundation

Bitcoin, News and Updates
Llew Claasen, founder of the Bitcoin Foundation, urged prospective investors that they should enter the cryptocurrency world with caution. For those who may be unaware, the Bitcoin Foundation is a non-profit that, basically, advocates for the use of Bitcoin and other cryptocurrencies for people the world over. Understanding this, it makes sense that Claasen’s caution came at a TEDGlobal conference that was taking place in Tanzania. The conference itself was meant to address the potential benefits of Africans gaining more access to Bitcoin. A Fair Warning Being that many Africans do not have access to traditional methods of banking, or are simply wary of the moves their government might make to manipulate currencies, Bitcoin is seeming like an increasingly viable option. According to Claasen himself, “It [Bitcoin] offers people a…
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Cryptocurrency in South Korea: A Roller-Coaster Love Story

Bitcoin, News and Updates
The global cryptocurrency market has really been heating up in recent years, and especially through the first three quarters of 2017. With the Bitcoin Fork, the rise of cryptocurrencies like Ethereum, and global geopolitics driving demand, we are, quite literally, seeing cryptocurrencies breach the mainstream once and for all. While most people think of places like China and Japan when they think of global cryptocurrency leaders, many people forget that South Korea is absolutely crazy over crypto. Gaining Trust, Availability, and Recognition One of the propellants that has launched cryptocurrencies to the front and center of Korean society is the fact that it isn’t just single users making Bitcoin and Ethereum trades, but also big banks, large corporations, and even the government. Yes, you read that correctly, the South Korean…
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Bitcoin Cash’s Problems, and What It Might Mean for Most Other Cryptocurrencies

Bitcoin, News and Updates
On the 1st of August, 2017, the cryptocurrency world was changed forever. It was on this date when Bitcoin’s blockchain—the fundamental structure that supports and drives the network—was split into two, creating a new cryptocurrency, called Bitcoin Cash (BCH), that stood side-by-side BTC. At the core of this “solution” was a need for faster processing of payments/exchanges, and that is exactly what the end-result has been. While the world of Bitcoin users did not immediately change all that much, some of the folks who opted to try out Bitcoin Cash were a little bit let down, to say the least. The problems facing these users have persisted through the 2+ weeks of BCH’s existence, and the problems being faced might serve as a horoscope for what we can expect in…
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Fidelity Opens Door to Bitcoin Legitimacy

Bitcoin, News and Updates
Only a few weeks ago, the debate was whether the hard fork—splitting Bitcoin into separate entities: Bitcoin and Bitcoin Cash—would mean the death of the pioneering cryptocurrency, or if it would open up the door to a new future. Though that debate has not quite yet been solved, we are quickly seeing that Bitcoin is here to stay.  In the midst of all the tumult surrounding the Bitcoin fork and the rise and rapid fall of Bitcoin Cash, there was an announcement made by Fidelity Investments, an announcement that has been long-awaited by fans of Bitcoin and cryptocurrencies in general. Today, Fidelity announced that it would begin tracking Bitcoin for those utilizing its services. So What Does This Mean? According to an official statement released by Fidelity, they are going…
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Coinbase Investors Think Ignoring Bitcoin Cash the Right Move

Bitcoin, News and Updates
The world of cryptocurrencies is one where tumult is the norm, and calm is unusual. Such has never been truer than it has been over the past few weeks, as Bitcoin and its byproduct—Bitcoin Cash—set out on entirely new paths. For those who might be blissfully unaware of what is going on, there is a new cryptocurrency of sorts that was borne out of Bitcoin. The need for the additional form of currency came about as transaction times for Bitcoin became bogged down due to popularity combined with the fact that retailers were scared off by these longer transaction times. In need of retail adaptation and more widespread use, something had to be done. Since the launch of Bitcoin Cash earlier this week, a lot has happened, but perhaps one…
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Litecoin Demand Surges

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To an extent Litecoin is the forgotten coin. It does what bitcoin does, a little bit faster. It is nothing compared to Ripple and Ethereum, which have many more applications and use cases, or even DASH, which offers instant transactions and complete anonymity. It does not seem as exciting as the concepts being introduced with all the new cryptocurrencies. The Litecoin Revival But there has been a recent surge in Litecoin demand. June of 2017 saw the installation of 91 Litecoin ATM machines worldwide, with 78 installed in May. The UK, the US and Canada are the main points of demand and installation, with the US having the largest share of Litecoin ATM’s. Litecoin is the leader in the number of cryptocurrency ATM’s. The price of Litecoin was a mere…
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Bitcoin Fork, Segwit, and Segwit 2x

Bitcoin, News and Updates
If you have been even passively following cryptocurrency headlines in recent months, you are likely at least a little bit aware of the civil war that has been brewing. The reason for this is due to the need for evolution Bitcoin is experiencing. With transaction times and fees at all-time highs, the need for change has been heeded and entertained, however few can agree on what the appropriate plan of action is. The Brewing Problem As you may or may not have known, Bitcoin has grown in popularity significantly since its inception. Though it may not quite yet be a true household name, it has reached hundreds of millions of people, and reaches new folks every day. This popularity, though great for the Bitcoin and cryptocurrency “brands,” has not been…
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CoinDash ICO Goes Up In Flames

Bitcoin, News and Updates
In the stock world, a company that is about to go public initiates what is known as an initial public offer, or IPO. In the constantly evolving cryptocurrency world, the same type of thing happens, only when new coins are introduced for the first time, it is referred to as an ICO, with the “C” meaning “coin.”  Earlier this week, CoinDash—which is known to only a small number of people—attempted an ICO that failed in astonishing fashion. Unfortunately, a short while into the ICO it was realized that the ethereum address to which prospective buyers were depositing ether was compromised. It would later be found out that a hacker deviously altered the ethereum address on CoinDash’s site such that any ether was sent to this new, illicit address, and not…
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Morgan Stanley Report Doubts Bitcoin’s Viability as a Currency

Bitcoin
Even before Bitcoin became a well-known entity, its creators and proponents alike have long dreamed of the day that it becomes accepted as a legitimate currency. In the short while that it has existed, Bitcoin has gone from a fad to something that is, in most corners of the world, a household name. At no point prior to now has it seemed that, finally, Bitcoin might actually be accepted just like the USD, Euro, or any other globally accepted currency.  Unfortunately, Bitcoin’s move into mainstream legitimacy might be a bit further off than some people might think. A report recently publicized by a group of Morgan Stanley analysts indicates that there are some serious problems with the cryptocurrency, and that it is nothing more than the “poster child for speculation.”…
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