The simplest way to invest in stocks is to buy exchange traded funds. But you can significantly boost your returns by picking above-average stocks. To wit, the iMining Blockchain and Cryptocurrency Inc. (CVE:IMIN) share price is 56% higher than it was a year ago, much better than the market decline of around 14% (not including dividends) in the same period. So that should have shareholders smiling. In contrast, the longer term returns are negative, since the share price is 33% lower than it was three years ago.

See our latest analysis for iMining Blockchain and Cryptocurrency

iMining Blockchain and Cryptocurrency didnt have any revenue in the last year, so its fair to say it doesnt yet have a proven product (or at least not one people are paying for). So it seems shareholders are too busy dreaming about the progress to come than dwelling on the current (lack of) revenue. Investors will be hoping that iMining Blockchain and Cryptocurrency can make progress and gain better traction for the business, before it runs low on cash.

Companies that lack both meaningful revenue and profits are usually considered high risk. There is almost always a chance they will need to raise more capital, and their progress and share price will dictate how dilutive that is to current holders. While some such companies do very well over the long term, others become hyped up by promoters before eventually falling back down to earth, and going bankrupt (or being recapitalized). iMining Blockchain and Cryptocurrency has already given some investors a taste of the sweet gains that high risk investing can generate, if your timing is right.

iMining Blockchain and Cryptocurrency had liabilities exceeding cash by CA$236k when it last reported in February 2020, according to our data. That makes it extremely high risk, in our view. So were surprised to see the stock up 122% in the last year , but were happy for holders. Its clear more than a few people believe in the potential. The image below shows how iMining Blockchain and Cryptocurrencys balance sheet has changed over time; if you want to see the precise values, simply click on the image.

In reality its hard to have much certainty when valuing a business that has neither revenue or profit. One thing you can do is check if company insiders are buying shares. Its usually a positive if they have, as it may indicate they see value in the stock. Luckily we are in a position to provide you with this free chart of insider buying (and selling).

Its nice to see that iMining Blockchain and Cryptocurrency shareholders have received a total shareholder return of 56% over the last year. Theres no doubt those recent returns are much better than the TSR loss of 1.4% per year over five years. This makes us a little wary, but the business might have turned around its fortunes. Its always interesting to track share price performance over the longer term. But to understand iMining Blockchain and Cryptocurrency better, we need to consider many other factors. Consider for instance, the ever-present spectre of investment risk. Weve identified 6 warning signs with iMining Blockchain and Cryptocurrency (at least 4 which are potentially serious) , and understanding them should be part of your investment process.

Of course, you might find a fantastic investment by looking elsewhere. So take a peek at this free list of companies we expect will grow earnings.

Please note, the market returns quoted in this article reflect the market weighted average returns of stocks that currently trade on CA exchanges.

If you spot an error that warrants correction, please contact the editor at editorial-team@simplywallst.com. This article by Simply Wall St is general in nature. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Simply Wall St has no position in the stocks mentioned.

We aim to bring you long-term focused research analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Thank you for reading.

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Investors Who Bought iMining Blockchain and Cryptocurrency (CVE:IMIN) Shares A Year Ago Are Now Up 56% - Simply Wall St

Coinbase CEO Brian Armstrong says a new bill being considered by lawmakers in California would have a major impact on digital assets and the future of finance.

The legislation seeks to change the meaning of securities under state law to exempt certain cryptocurrencies. Lawmakers and regulators in the US have struggled to clarify which digital currencies are securities within the context of the Howey Test, a federal metric used to determine if a particular asset qualifies as an investment contract.

According to the proposal, assets whose profits do not fully depend on the management efforts of third parties will not be considered as securities.

This bill would create an exception from the above definition by providing that a digital asset meeting specified criteria is presumptively not an investment contract within the meaning of a security. The bill would allow that presumption to be rebutted upon good cause shown by clear and convincing evidence by the Commissioner of Business Oversight, as specified.

If approved, California would be one of the first states in the nation to set a clear definition of digital assets, and Armstrong believes it would position the West Coast as the main hub for a new financial ecosystem.

This would be huge for California if it happens ensuring the future of finance is built on the west coast.

So many startups are struggling with this right now the current securities laws are well intentioned, but stifling a lot of innovation right now.

Featured Image: Shutterstock/oneinchpunch

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Coinbase CEO Says New Cryptocurrency Bill Would Have Major Impact on Future of Finance - The Daily Hodl

EOS cryptocurrency was trading at a price of $2,3268 at 19:40 (16:40 GMT), according to the index Investing.com on Sunday, fell by 20.76% during the day. It was the most spectacular fall in the value of cryptocurrencies since March 12.

The fall provoked a reduction of the market capitalization of EOS to $2,2159 B, or 0.00% of the total capitalization of all cryptocurrencies. While earlier peaks capitalization of EOS was $17,5290 B.

In the past 24 hours the EOS was trading in the range of $2,3235 to $2,7545.

In the last 7 days cryptocurrency EOS felt the fall of the within lost of 15.85%. The EOS amount of currency traded in the last 24 hours before the date of publication of this material was $4,9433 B or 0.00% of the total volume of all cryptocurrencies. The course was varied in the range from $2,3235 to $2,8443 in the last 7 days.

At the moment EOS is still below 89,87% from their peak values, amounting to $at 22.98, which was reached April 29, 2018..

Bitcoin is trading at $8.474,3, according to the index Investing.com fell by 15.09% during the day.

The Ethereum cryptocurrency was trading at $the 183.50, according to the index Investing.com this fall by 15.97%.

The market capitalization of Bitcoin is $158,5983 B or 0.00% of the total capitalization of cryptocurrencies, while the capitalization of cryptocurrency Ethereum is $20,7050 B or 0.00% of total market capitalization.

Continue reading here:
Cryptocurrency EOS fell by 21% - The Times Hub

The Global Cryptocurrency Market report draws precise insights by examining the latest and prospective industry trends and helping readers recognize the products and services that are boosting revenue growth and profitability. The study performs a detailed analysis of all the significant factors, including drivers, constraints, threats, challenges, prospects, and industry-specific trends, impacting the market on a global and regional scale. Additionally, the report cites worldwide market scenario along with competitive landscape of leading participants.

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Leading Players in the Cryptocurrency Market: Bitfinex, BitFury Group, Bitstamp, Coinbase, Coinsecure, Litecoin, OKEX Fintech Company, Poloniex, Ripple, Unocoin Technologies Private, ZEB IT Service

The Cryptocurrency market analysis is intended to provide all participants and vendors with pertinent specifics about growth aspects, roadblocks, threats, and lucrative business opportunities that the market is anticipated to reveal in the coming years. This intelligence study also encompasses the revenue share, market size, market potential, and rate of consumption to draw insights pertaining to the rivalry to gain control of a large portion of the market share.

Competitive landscape:

The Cryptocurrency Industry is extremely competitive and consolidated because of the existence of several established companies that are adopting different marketing strategies to increase their market share. The vendors engaged in the sector are outlined based on their geographic reach, financial performance, strategic moves, and product portfolio. The vendors are gradually widening their strategic moves, along with customer interaction.

Cryptocurrency Market Segmented by Region/Country: US, Europe, China, Japan, Middle East & Africa, India, Central & South America

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Points Covered in the Report:

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About Premium market insights:

Premiummarketinsights.comis a one stop shop of market research reports and solutions to various companies across the globe. We help our clients in their decision support system by helping them choose most relevant and cost effective research reports and solutions from various publishers. We provide best in class customer service and our customer support team is always available to help you on your research queries.

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CRYPTOCURRENCY MARKET TRENDS ANALYSIS, TOP MANUFACTURERS, SHARES, GROWTH OPPORTUNITIES AND FORECAST TO 2027 3w Market News Reports - 3rd Watch News

May 09, 2020 at 08:18 // News

The US is known for its controversial attitude to blockchain and cryptocurrency. Despite speculations about their government exploring the possibility of launching a digital dollar, the country's financial regulators such as the SEC demonstrate hostility against companies working in the sector.

Nevertheless, some separate States of the country are actively exploring the potential of various use cases for blockchain and cryptocurrency to boost various industries, while others revise their existing regulations to make them more friendly.

An amendment to the Securities Law which clearly sets the standard for securities classification of digital assets has been proposed to the California State Assembly. The new bill would dare that digital assets including Bitcoin and other cryptocurrencies arent legal securities in the State.

The revised bill doesnt contemplate, consider and regard digital assets which meet certain criteria as investment contracts for securities. With the exception of the specific digital assets, this amendment explained that virtual assets which meet certain criteria may not be investment contracts.

Therefore, this bill is considered to have reflected the federal standard Howey Test to ascertain whether an asset should be invested. It also indicates the possibility that SECs standards could affect state and federal law. California is one of the globes biggest technology hubs and is considered as a key experimental center for high-tech policy in the US.

Following a recent proposal by Democrats in the Ohio House of Representatives to streamline safety, integrity, and privacy issues of overseas navy electorates, the state might see a blockchain e-voting system ushered in.

The idea was proposed by representatives Beth Liston and Michele Lepore-Hagan, and backed by 16 different Democrats called upon Ohio Secretary of State Frank LaRose to launch a pilot program exclusively for serving officers in the navy missions abroad.

Of late all internet-reliant voting systems, including those employing blockchain technology, have been criticized by safety researchers and experts on grounds of secrecy, safety and verifiability and Ohios proposal that emphasizes that putting those concerns at the centre only comes in handy.

However, against all the scrutiny, blockchain technology is widely looked upon to enhance speed and transparency in electoral processes. Moreover, Ohio is actually not the first state to look into blockchain voting. West Virginia became the first US state to explore blockchain technology in voting at the 2020 Presidential Elections, as coinidol.com, a world blockchain news outlet, has previously reported.

In late April, another US state announced its willingness to adopt innovations. Thus, the Governor of Kentucky announced the establishment of a Blockchain Technology Working Group to explore the implementation of blockchain in utility sectors.

Its aim is to explore how the technology is able to improve this industry - from bill payment records to the quantity of resources consumed to make bills for electricity, gas and water more accurate. Besides, when all the data is recorded on a blockchain, it is impossible to forge or fake them in any way, so the citizens will be sure they pay for what they consume.

While the Group has just started its work, so it is too early to talk about any results, such a move clearly demonstrated the willingness of the Kentucky government to explore practical implementation of innovative technologies and their benefits for the States citizens.

The implementation of blockchain technology is not new. Many countries have been exploring to use it as a decentralized registry for various sectors. But now it seems to attract interest from government bodies.

Thus, the Governor of Maryland has officially signed a bill allowing to use decentralized databases for storing and distributing data including stock ledgers; records of issuances, transfers, cancellations of shares of stock; voting trust agreements; bylaws; minutes of events, happenings or proceedings of the stockholders; and yearly statements of affairs.

Such permission would allow institutions to apply blockchain in various sectors, thus enhancing their security and transparency. Besides, the use of the distributed ledger will facilitate many processes allowing to avoid bureaucratic red tape in many sectors.

Continued here:
5 US States That Are Exploring the Potential of Cryptocurrency and Blockchain - Coin Idol

Markets:

BTC/USD is changing hands at $9,300, with 2.8% of gains on day-to-day. The coin recovered from the intraday low of $9,032. Now it is trading within the strong short-term bullish bias amid low volatility.

At the time of writing, ETH/USD is changing hands at $205.50. The price tested the low of $196.87 during early Asian hours but reversed to the upside. The second-largest coin has lost 1.5% since this time on Wednesday and gained 3% since the start of the day. Now ETH is moving within a short-term bullish trend. The volatility is low.

XRP/USD is hovering at $0.2153, while the recovery is still blocked by $0.2200. A sustainable move above this area is needed for the upside to gain traction. XRP/USD is trading within a bearish trend amid low volatility after having recovered from the intraday low of $0.2099.

Among the 100 most important cryptocurrencies, Numeraire (NMR) $32.08 (+25%), Hyperion (HYN) $0.5554 (+23.8%), and Verge (XVG) $0.0039 (+22.3%)

The day's losers are, Holo (HOT) $0.0004 (-10.9%), DigiByte (DGB) $0.0232 (-9.2%) Unibright (UPT) $0.2820 (-8.68%).

Chart of the day:BTC/USD, 30-min chart

Market

BitMEX researchers analyzed the upcoming Ethereum 2.0, which is set to go live in July 2020, and concluded that the launch may be less important than it is believed to be. The experts also noted that ETH price may grow initially, however, the longer-term value of the update remains questionable.

Of course in the short term, a significant amount of ETH could be locked inside the beacon chain, attracted by the ability to earn the new block rewards. This could restrict the supply of ETH on the market and drive up the price, on the other hand, it could merely attract ETH from other contracts where they are considered locked. However, the real question is whether Ethereum 2.0 will drive long term value and for that, supply does not only need to be restricted, there needs to be sustainable demand.

Industry

The Stellar Development Foundation announced the investment of $5 million in crypto wallet provider Abra to foster the development of products and services on the Stellar network.

The Stellar Development Foundation is a non-profit company behind the Stellar blockchain. Abra provides an investment app that allows users to invest in over 100 cryptocurrencies, stocks and exchange-traded funds or ETFs.

Commenting the news, Abra CEO Bill Baryhdt said:

Our goal is to democratize access to financial services As we integrate with Stellar, were going to be able to build the next generation of banking [infrastructure].

Litecoin issued version 0.18.1 release candidate (RC1). The new version includes new features and improvements, according to the projects lead developer Adrian Gallagher:

We are pleased to release Litecoin Core 0.18.1 release candidate. This is a new major version release, including new features, various bug fixes, performance improvements and updated translations.

The version may contain bugs and issues as it is a release candidate. Thus, the team invites everyone to test it and report issues a final public release.

The Libra Association appointed Stuart Levey as its first CEO. He will join the Libra Association in summer after stepping down as Chief Legal Officer for HSBC Holdings. During the Bush and Obama Administration, Mr. Levey worked as the first Under Secretary of the Treasury for Terrorism and Financial Intelligence.

I am honored to join the Libra Association as it charts a bold path forward to harness the power of technology to transform the global payments landscape. Technology provides us with the opportunity to make it easier for individuals and businesses to send and receive money, and to empower more than a billion people who have been left on the sidelines of the financial system, all with robust controls to detect and deter illicit financial activity.

Regulation

ErisX received the Virtual Currency License from New York's Department of Financial Services (NYDFS). The spot and derivatives marketplace is conducted now allowed to cryptocurrency transactions with New York residents as it met the required standards for the so-called BitLicense. Among other companies with licensed by NYDFS are Coinbase, Robinhood and Bitstamp.

Thomas Chippas, CEO of ErisX, commented:

We are pleased that the New York Department of Financial Services recognized our commitment to the high standards we borrowed from existing capital markets structures and applied them to the cryptocurrency space.

The rest is here:
Cryptocurrency Market News: Bitcoin and altcoins on recovery track, bulls are ready to jump - FXStreet

In a Nutshell: PiixPay is a fintech platform that allows users to easily pay bills using cryptocurrency. The technology converts Bitcoin, Bitcoin Cash, Litecoin, or Dash to euros and sends the fiat money to the users bank account. PiixPays Instafill feature allows deposits made to the users crypto wallet to be automatically converted to euros and deposited into his or her bank account. The platform promotes the adoption of cryptocurrency by both consumers and merchants by making it simpler to use and demonstrating its real-world use.

When the Co-Founders of PiixPay Evald-Hannes Kree and Raivo Malter began mining Bitcoin back in 2013, they recognized cryptocurrencys value as a decentralized currency system.

But they also recognized how a lack of infrastructure was keeping crypto from reaching its full potential as a form of digital currency.

In seeking an answer to this question, they created PiixPay, which does just that.

The Estonia-based platform allows users to make bank payments using Bitcoin, Bitcoin Cash, Litecoin, and Dash cryptocurrencies by converting users crypto to euros in 102 countries.

Saar said the founders were motivated to create the platform for their own personal use but quickly realized the value in scaling the technology so other crypto enthusiasts could also use their digital currencies in the real world.

They started it for fun, for themselves. Like a real startup must arise out of a need, and the need is your own, and you want to solve it, Saar said. Then you understand that there are many more people in the world facing the same problem, so you say, lets solve it for them too

PiixPay is an all-new crypto-payment platform that allows anyone to send and receive invoices in the form of digital assets across the globe, according to an article on the PiixPay blog. It makes use of a standardized currency rate so that customers can lock in a fixed exchange rate thereby minimizing currency losses for all involved parties.

To use the platform, users begin by entering the specifics for the invoice they wish to pay, as well as their name and contact information.

Once all of the paperwork is over, the payee needs to send across a fixed number of bitcoins to a specific wallet address that is provided to them, according to the article. After processing all of the data-sets, PiixPay then carries out the payment in the form of a SEPA [Single Euro Payments Area] bank transaction (using euro as its currency standard).

Saar said that when the company began in 2014, Bitcoin was the only cryptocurrency PiixPay audiences could use to pay bills, but due to the notoriously slow speed of the original crypto, the founders added the options available today.

He also said that paying bills is the most common use case for PiixPay, and the easiest example to explain to people how the platform works, although there are uses for it beyond making payments.

The company explains on its website how the platform is economically viable and offers convenience to what can be a complicated process.

Owing to the various monetary regulations that exist within East Europe, SEPA transfers are usually cumbersome, according to the website. However, PiixPay helps push these transactions in a way that all invoices are cleared within a period of 1-3 working days.

PiixPays Instafill service connects a users crypto wallet address to a bank account to easily convert crypto to euros.

Each time coins are sent to that dedicated address, the payment processor will exchange the cryptocurrency and send the fiat to your bank account, according to the website. You can also check the status of any payment at all times.

Saar said this process is extremely fast because PiixPay is constantly exchanging cryptocurrency and it maintains buffer funds in Europe so, as soon as the wallet receives cryptocurrency the company is already making a payout to the users IBAN (International Bank Account Number).

This is the fastest way for people who are getting paid in cryptocurrency, that they can have it in their bank account without doing anything else, Saar said. You just provide your company with your wallet address, and every time a payment has been done, you dont have to wait. Your euros will be in your IBAN account.

He said this is a very popular use for PiixPay audiences.

The platform is also easy to use for merchants, according to the company.

If users wish to apply for a merchant account, they can do so by sending the folks over at PiixPay an email describing the nature of their business setup, along with their contact details, according to the website.

And the open-source API is available to everyone to utilize and modify to fit their own needs and specifications.

Platform users may also select the companys convenient PDF invoicing option for greater ease of use.

When an invoice is generated, companies can directly forward these documents to the PiixPay processing module which will then scan the QR code and convert the payment amount into the correct number of Bitcoins (based on the current exchange rate), according to the website.

Saar also discussed the evolving nature of the cryptocurrency ecosystem and how platforms like PiixPay can help lead to more consumers adopting digital currencies.

Its a question of the egg and the chicken, he said. If there is no merchant accepting crypto it means there is no service or no means to spend your crypto.

And PiixPay is essentially introducing cryptocurrency to people who are on the old monetary system, Saar said.

But I think this is a very necessary service at the moment because it gives people some kind of peace of mind, as cryptocurrency can be seen as volatile, he said. Merchants want to be protected against falling rates. And bookkeepers and accountants want to see some steady assets.

Saar said knowing how to deal with swift increases or decreases in the value of Bitcoin is still a gray area for many accountants.

The more merchants and accountants who can see real-world uses of cryptocurrencies, the better, Saar said.

The advantage of having these services automatically convert cryptocurrency to fiat and deposit directly into bank accounts so that users can pay bills is that it makes the manual process of exchanging into fiat and sending via bank transfers much simpler, which can become very complex and time-consuming, according to DashNews.org.

By removing some of the complexities from the process, the likelihood that the average consumer will adopt cryptocurrency will increase.

Saar said there are a lot of possibilities with Bitcoin and other cryptocurrencies, but it is important to help educate the general public about how they work.

Eventually, receiving your paycheck in crypto or sending friends and family crypto will be as common as seeing a direct deposit in your bank account.

See more here:
PiixPay Allows Customers to Conveniently Use Cryptocurrency to Handle Bills and Recurring Payments - CardRates.com

Mehmet Ali Ozcan | Anadolu Agency | Getty Images

A rally in bitcoin led the cryptocurrency market higher ahead of a major technical event for the digital coin and as industry participants report an increased interest from institutional investors.

Bitcoin crossed $10,000 on Friday morning Singapore time, the first time it has hit that price since February, according to data from CoinDesk. The cryptocurrency had pared some of those gains and was trading around $9,900.75 as of 1:39 p.m. Singapore time, still representing a more than 6.4% rise from the day before.

The entire market capitalization or value of the cryptocurrency market had jumped by more than $13 billion from the day before, as of around 1:39 p.m. Singapore time. That move had been largely driven by bitcoin which makes up most of that figure. The value of the entire market stood at $268.07 billion.

Industry participants said that a number of factors from supportive central bank monetary policy to increased interest from institutional investors has factored into the bitcoin rally.

Bitcoin suffered two bouts of intense selling in March sending it to a low of around $3,867, a price not seen since March 2019. Since then, the price has rallied over 150%.

Meanwhile, stock markets, which also saw sharp drops in March, have recovered. The Dow Jones Industrial Averageis up 28.4% since its March low.

"Overall markets have been bullish since the March lows and this is across asset classes, including crypto," Vijay Ayyar, head of business development at cryptocurrency exchange Luno, told CNBC. "Money printing by the Fed and other central banks globally have given a lot of confidence to investors that the economy will be supported no matter what."

The U.S. Federal Reserve has announced a number of unprecedented measures to help cushion the economic blow from the coronavirus outbreak. Other central banks around the world, including the European Central Bank (ECB), have unveiled their own stimulus packages. Central bank policies are seen as supportive of risk assets like stocks.

Part of the rise in bitcoin's price since the March low has been anticipation of a technical event known as "halving."

Bitcoin is not issued by a centralized authority like fiat currencies are. That is why it is often called a "decentralized" cryptocurrency. Instead it is governed by code and is underpinned by a technology known asblockchain.

In the world of bitcoin, so-called miners with specialized high-powered computers compete with each other to solve complex math problems to validate bitcoin transactions. Whoever "wins" this race gets rewarded in newly minted bitcoin. This "mining" activity happens in blocks, which is essentially a group of transactions joined into one.

Currently, these miners receive 12.5 bitcoin per block mined.The rewards are halved every few years to keep a lid on inflation. On May 12, the reward per miner will be cut in half again, to 6.25 new bitcoin.

The effect is that the supply of bitcoin coming onto the market is reduced. Previous halving events, which happen every four years, havepreceded big price increases in bitcoin.

"For the past few weeks, we have seen additional players enter the BTC market as prices have trended upward in anticipation of the halving event as bulls saw this as an opportunity to buy BTC ahead of a price pop and what many expect will be significant price appreciation," Matthew Dibb, co-founder of Stack, a bitcoin index fund provider, told CNBC. BTC refers to bitcoin's currency code like USD for the U.S. dollar.

"This has undoubtedly continued into this week and may even carry over the weekend as the halving draws closer."

Dibb said there are other factors at play as well, including more institutional money flowing into bitcoin.

Paul Tudor Jones, a high-profile Wall Street hedge fund manager,revealed in a message that one of his funds holds a low single-digit percentage infutures on the cryptocurrency, Bloomberg Newsreported.

"The news that renowned investor, Paul Tudor Jones, has backed bitcoinpublicly praising the asset for its properties as a store of value has almost certainly helped catalyse BTC's sudden movement into the US$10,000 zone," Dibb said.

"With monetary easing policies and 'unlimited' economic stimuli being recently unveiled across the world, fiat currencies seem set to weaken substantially. This has, in turn, led to bitcoin's narrative as a 'store of value' to gain added traction amongst investors who are seeking to hedge against volatility in traditional markets."

Bitcoin has often been compared to gold as a so-called safe haven asset during turbulent times for other risky assets like stock markets. However, recently, bitcoin has fallen and risen when stock markets have.

Bitcoin has always been known as a very volatile asset subject to huge price swings. In 2017, bitcoin saw somewhat of a frenzy that sent its price from under $1,000 at the start of the year to a record high of over $19,700 in December that year.

However, in 2018 the price of bitcoin came crashing down to just over $3,000 by mid-December.

Dibb believes that the recent rally is different from what was seen in 2017.

"This market is not moving purely on the back of retail speculationand it is primarily Bitcoin which is experiencing gains, not the altcoin market," Dibb said referring to smaller digital coins. "It is only now that we are really beginning to see institutional and accredited investors operating within the Bitcoin space, bringing a level of market maturity and financial understanding which was all but absent from the cryptocurrency sector as late as 2017 and 2018."

However, the risk of a substantial drop remains.

"We have gone from 3K to 10K in 2 months, too fast, too soon. There will be a pullback, and that will determine what kind of crash it is," Luno's Ayyar said.

"We could pull back to 8K, hold, and them move higher to 15K. Or we could go right back down to 3K as well. At this pointthough, one has to be bullish, unless, we see a violent move down. I think the current run up though is part of a larger move up, so don't think we'll see 3K again anytime soon. But if we do run up to 15-20K, then likelihood of a big move down and larger correction is higher."

Original post:
Cryptocurrency market jumps by over $13 billion driven by bitcoin as major technical event approaches - CNBC

Well, and, of course, a very significant magnet is the opportunity to make money on all this, and not only speculating on the cryptocurrency rate. There is also such a way of earning as Mining here they pay for the provision of computing power (for example, your PC or a specially assembled computing system) for the extraction of monetary units and conducting transactions (transfers).

Today well talk about what cryptocurrency is all about (Ill try to explain in simple terms, understandable to everyone), how it appeared and how it can be used today, what its current rate is, what cryptocurrency exchanges it is worth using, what you need for mining, in which place is better to exchange and where to find the most accurate course calculator?

When the first electronic money appeared, people began to make a great many payment transactions on the Internet. Of course, the administrators of payment systems chose not to lose their hands and set a commission for each transfer or exchange made, the commissions were especially strong when transferring electronic money to real ones.

Advanced network users wondered: How to make payment transactions commission-free?, Began to offer a variety of options. In 2009, anonymous Satoshi Nakamoto realized his own vision for solving the problem: he proposed the release of an information currency that was not backed by anything but could be a unique medium of exchange. The currency is called Bitcoin.

Why is cryptocurrency so-called and how does it work?

Obviously, the name comes from words cryptographic currency. In fact, it is encrypted (cryptography is just the area of science that studies the methods of encrypting and decrypting information) in such a system, not all, but much. Cryptography is used to protect the chain of transactions, i.e. of the most valuable, that is in this system, namely the database with all operations performed with monetary units. But we have to be able to trust de.thebitcoincode.io. If you trust only then you can get maximum profit using these coins.

Let me outline the structure of any cryptocurrency thesis (and now, apart from bitcoin, they have already divorced quite a lot), so that you can understand its radical difference from everything that was before:

In order to eliminate fraud attempts, it was decided to advertise absolutely all operations in the public domain every person using the cryptocurrency has the opportunity to see which wallet and how much bitcoins were transferred to. True, it is not a fact that extracts the name from this information, rather the opposite, because the system is truly anonymous.

The cryptocurrency is not provided with gold reserves or the economy of any state, but it has a certain rate, which is constantly changing and is listed on the exchange. The more people use bitcoins as a medium of exchange, the higher the rate, since the popularity of information money is increasing, and their total number is strictly limited. For example, in the case of Bitcoin, in accordance with the algorithm for its implementation, more than 21 million monetary units cannot be created. So far this number has not been reached and what the rate will be after the extraction of the last bitcoin is unknown.

And most importantly, any such cryptocurrency system can not only have a host but even an external or internal administrator. It does not belong to anyone and therefore it has almost no transfer fees. The system is controlled by the algorithm that is embedded in it, and no one (neither the courts, nor officials, nor persons in execution) can intervene in its work. This freedom has a downside, but this is what distinguishes bitcoins, light coins, and other coins from any other type of electronic money.

Disclaimer: This is a paid post and should not be considered as news/advice.

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What is a cryptocurrency and why is it needed? - AMBCrypto English

Introduction

Many people look up to the bitcoins as a black currency or black market which is probably due to the lack of an understanding of the concept of it. The only market where the bitcoins are largely accepted with all dignity is the darknet. Here everything was available for sale and with complete anonymity.

Before we discuss further the facts of bitcoin, let us tell you that the allin1bitcoins will give you some more details about bitcoins facts. While let us tell you what does dark web actually means and what is it famous amongst the users. The advantage of an anonymous web browser like the darknet will help you to hide your identity. Likewise, a bitcoin exchange in the darknet will also help you to keep your transaction history hidden among all.

Are All Bitcoin Activities Illegal?

Since there are masses of people who believe in the fact that bitcoin is illegal, it is very important to make them understand that the reality is different. While you may be sure that all bitcoins deal with illegal activities but here are some facts check for you.

It is not as much anonymous as much you think it to be, while darknet is much more anonymous, while bitcoin is nowhere near to what the darknet stands with respect to anonymity. Blockchain keeps the bitcoins safe and enclosed for use and saving.

There is no other physical record that would connect the people with their wallets apart from the blockchain. It only keeps the code of the sanders address and the code of the receivers address in the blockchain. While blockchain keeps all identity of the coin holder as anonymous as possible and it never reveals the name of the coin holder. You must be aware that your address is only visible when the transaction on the bitcoins in and out happens.

However, the government and law of many countries have been able to trace this utility and the heads behind the anonymous darknet but since it is one of the largest platforms so filtering out everyone had not been possible. So many of the bitcoins from the darknet was seized and taken by the government and later on, they were auctioned and given to the bidders. While seizing the coins from the darknet and while tracking and tracing the address from which they were sent, it was found that the people who exchanged them were dealers in the darknet.

Is it Really Anonymous?

From whatever we have just told above, we hope that it is much clear that the darknet is not as anonymous as we consider it to be. It is possible to trace everything down only when exposed to highly expert professionals. You have very well understood that with extreme preciseness you will be able to trace down the anonymous users of the darknet. The addresses that are available in the darknet for the bitcoin transactions made have been dissected and found out that they are fake addresses used in the name of the FBI.

Conclusion

It is raw and wrong maybe but the reality is that the dark web net needs bitcoins to thrive and exist while the bitcoins need the dark web net to exist. They are mutually dependent on each other and this factor cannot be changed ever. Bitcoins are decentralized while the dark web can be anonymous but it is not easy to make it decentralized. A bitcoin loss can be treated as a total loss from the system but a fault in the dark web net can be stripped down and brought down to the minimum.

Disclaimer: This is a paid post and should not be considered as news/advice.

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All Facts and Figure of Cryptocurrency is Clear as Real - AMBCrypto