Bitcoin and Ethereum are both down significantly

What is the future for cryptocurrencies? At their highest points, Bitcoin and Ethereum were valued at $20,000 and $1,400, respectively. Since then, they have slid to $6,250 and $290, respectively. These 68 and 79 percent decreases have exemplified the rapid fall and distrust of cryptocurrencies – even the most popular ones. The exploding growth of […]
  • Ben Norman
  • August 15, 2018
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NYSE exchange operator will start crypto exchange

Crypto continues to climb New York Stock Exchange operator International Exchange announced that it is establishing a company called Bakkt which will manage people’s cryptocurrencies. Bakkt will operate under Microsoft’s cloud technology and will allow users to trade cryptocurrencies and also convert them to dollars and other forms of currency. In fact, stores like Starbucks […]
  • Ben Norman
  • August 6, 2018
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Binance thrives amidst volatile crypto market

Binance stays consistent as crypto market fluctuates Overall, cryptocurrency values have fallen by 70% so far this year. Crypto exchange firm Binance, however, does not seem to have the same woes. Binance CEO Changpeng Zhao reported to Bloomberg that he plans on generating at least $500 million in profit in 2018, and this figure could […]
  • Ben Norman
  • July 10, 2018
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Bithumb most recent crypto exchange to get hacked

Crypto hacks continue Cryptocurrency rates fell as South Korean crypto exchange firm Bithumb gets hacked on Wednesday – the second firm in a month to be breached. Bithumb reported on Wednesday that hackers stole roughly 35 won ($32 million) in cryptocurrencies, with the majority being Ripple. After the breach, the company froze all cryptocurrency deposits […]
  • Ben Norman
  • June 20, 2018
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Crypto exchange Coinrail gets hacked

When will cryptocurrencies be regulated? Korea-based cryptocurrency exchange firm Coinrail got hacked on Sunday, losing $40 million in altcoins – coins that aren’t Bitcoin or Ethereum. Unfortunately for crypto investors, the coins were not stolen from the company itself; instead, they were taken directly from the investors. According to TechCrunch, this included $19.5 million of […]
  • Ben Norman
  • June 11, 2018
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Coinbase on track to be regulated financial business

Don’t sleep on crypto The cryptocurrency exchange company Coinbase reported on Wednesday that it has bought three companies that will allow it to soon become a fully-regulated company. In one deal, its parent company Key Acquisition purchased financial tech firms Keystone Capital, Venovate Marketplace, and Digital Wealth. The acquisition of these companies gives Coinbase “a […]
  • Ben Norman
  • June 7, 2018
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How does tax liability affect the value of Bitcoin?

The changes in the value of Bitcoin has been explained by tax burdens. The $20 billion downdrafts in the past two weeks may be because of the selling of $1 billion of Bitcoin. Once again, investors are startled by the sudden fluctuations of the largest cryptocurrency, Bitcoin. Unlike the usual, however, the changes in the […]
  • Crystal Ng
  • April 19, 2018
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Fed’s attempt to control BTC

According to Forbes, people have been making a comparison between bitcoin and gold. They are saying that based on the grounds of these assets being the “safe-haven” or “disaster hedges” when the economy is in recession. However, bitcoin is neither safe nor will its value maintain as the economy goes awry. Cryptocurrency could lose its […]
  • Crystal Ng
  • March 23, 2018
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Why are the cryptocurrencies crashing?

Within the past weekend, Bitcoin has fallen drastically to $7,335.57, at its lowest on Sunday. Fortunately, as CoinDesk conveys, the value of the cryptocurrency gradually recuperated. By Monday afternoon, the value of Bitcoin picked up again returned to an average of $8,585. Although we can never know for certain the reason underlying such change, many […]
  • Crystal Ng
  • March 20, 2018
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