With Bitcoin and altcoins exploding as a whole this entire year, and particularly in recent weeks, individuals from all backgrounds are beginning to take an interest in cryptocurrency. Every day, formerly hesitant individuals are making the transition into the world of crypto, as seen by Coinbase’s surge in usage.
Since the historic downfall of Mt. Gox, Coinbase has emerged and established itself as the primary means of entering the cryptocurrency markets.
After two days of solid gains, it seems the XRP price is finally cooling off a bit. Do not be tricked into thinking this rally is over automatically, a sit seems there is still a strong desire to regain lost value against Bitcoin. Even though the world’s leading cryptocurrency is on a tear right now, we will see some more interesting XRP price movement over the next few days and possibly weeks.
XRP Price Stands its Ground
Whenever the Bitcoin price goes up, most altcoins will immediately drop in value.
The past few days were not overly kind to the Bitcoin price. Although no major corrections have occurred, the Bitcoin price has been remarkably flat for quite some time now. That has all come to change over the past 24 hours, as the BTC price suddenly started moving up again. Thanks to solid gains, we are now looking at a value of just over $18,000. Maintaining this momentum may not be possible for more than a few hours, though.
Bitcoin price is Finally Moving Again
On paper, it was only a matter of time until we saw some more Bitcoin price movement.
The United States has decided to do away with legislation that regulates internet service providers. Known as net neutrality, the regulations ensure that ISPs cannot dictate or block customer access to data and other services. Lead by President Trump, Republicans have criticized the regulations as overreaching, while Democrats believe them necessary to ensure fair and equal access to web content.
The End of an Era
On December 14th, the United States Federal Communications Commission voted to repeal net neutrality.
The recent Bitcoin uptrend has certainly introduced a lot of new people to cryptocurrency. Over in Japan, it is no secret that Bitcoin and some altcoins are extremely popular. In fact, one corporation has shown it is willing to pay its employees’ salaries in Bitcoin. GMO Internet Group’s new payroll system will be available to all of its 4,700+ employees. Whether or not anyone will sign up for this service remains to be seen, though.
GMO Internet Group Launches Bitcoin Payroll
Even though Bitcoin has suddenly appeared on many people’s radars, there are still issues when it comes to obtaining cryptocurrency.
It is a public secret that most cryptocurrency exchanges don’t have the infrastructure in place to cope with growing user demand. Kraken is a prime example of this, and Coinbase experienced some major issues this week as well. Surprisingly, Bitcoin ATMs are not immune to these problems either. Two such machines in Singapore simply stopped working recently as there was too much network congestion to properly process transactions.
Bitcoin ATMs Suffer From Congestion too
Although the public is still divided on the usefulness of Bitcoin ATMs, they certainly make it easier and more convenient to purchase various cryptocurrencies with cash.
Even though initial coin offerings are still frowned upon in most parts of the world, interesting things are taking place in this industry. The last thing most people expected was to see Indiegogo get on board with this business model. At the same time, the company showed a keen interest in crowdfunding before it became “cool”. The company hopes to do the same with ICOs moving forward.
IndieGogo Embraces Initial Coin Offerings
It is important to note right off the bat that Indiegogo itself will host initial coin offerings on its main platform.
The Plot &The Beginning
Ever wondered who Satoshi Nakamoto was and why he/she/they quietly left the marvel of an invention called Bitcoin. Well, eBitcoin also had a developer pseudo-named satoshi21 who originally envisioned creating a tokenized version of Bitcoin on Ethereum before a sea of inspired e-Tokens and copycats swarmed the crypto space. Just after the start of the project calling itself “eBTC a tokenized version of Bitcoin on Ethereum”, Satoshi21 realized that he had made an honest mistake in the smart contract enabling him the possibility to create an unlimited supply of tokens.
Artificial intelligence, neural nets, and robotics are on the rise. New technologies get implemented in every aspect of the human life. But does this new fancy tech really work or is it still a tale from a sci-fi movie? We can surely say some of them do. According to Bloomberg, AI and machine learning get the job done on Wall Street.
When online dating first arrived to the internet it first seemed like a strange fit. Its perceived awkwardness would become a friendly sort of stock joke of popular culture and sitcoms. However, with the advent of social media sites like twitter and facebook, the idea of meeting someone online gained traction. Subscription based sites like Match.com grew and romance apps like Tinder gained way to public conversation.
Disclosure: This is a Sponsored Article
It has grown to the point that now online dating is a three billion dollar industry.
Spending the world’s most popular cryptocurrency is still a big challenge. Although there are a few merchants out there which accept BTC directly, none are particularly big, other than Overstock. It now seems eBay may welcome Bitcoin to its platform in the very near future, if recent reports are to be believed.
eBay may Embrace Bitcoin After all
Most people who have ever dealt with eBay know the company isn’t too keen on alternative payment methods.
In a recent turn of events, South Korean officials have assumed a regulatory rather than a prohibitive position on cryptocurrency exchanges. Going forward, exchanges must comply with six guidelines that are meant to protect customers. If these conditions are not met, violators will be subject to enhanced penalties under existing law.
Setting a New Standard
The South Korean government is taking a new approach toward crypto exchanges.
There are over 150 active cryptocurrency exchanges of vastly different volumes with thousands of different trading pairs. While many altcoin traders spend most of their time on Binance, Bittrex, and Poloniex, there are dozens of alternatives that other active traders choose over the larger platforms every day. There are plenty of benefits to be experienced through the use of smaller exchanges, and in some cases, they may be the optimal choice. Read on to find out why.
It’s no secret some larger exchanges struggle with customer support and transparency.
After yesterday’s astronomic surge to new heights, it seems the XRP price is not done just yet. Although there has been a fair amount of manipulation to keep prices down, it seems the XRP price is now stabilizing around the $0.55 mark. This is mainly thanks to Bitcoin still struggling for traction, even though no one knows why this momentum has suddenly run out.
XRP Price Still Looks Bullish
No one can deny the recent XRP price surge took them by surprise.
With all cryptocurrencies surging in value right now, a lot of people are making solid money without lifting a finger. That is also one of the most popular aspects about cryptocurrency, as it is nearly passive income. The Bitcoin Cash price, for example, has increased quite a bit over the past week. Maintaining the $2,000 level is pretty difficult for now, though, but things may improve in the next few days and weeks.
Bitcoin Cash Price Surges Once Again
Ever since the launch of Bitcoin Cash, it has become rather evident this altcoin would continue to amaze a lot of people in the future.
If the November and December crypto bull market and flurry of institutional attention have taught us anything, it’s that Bitcoin and its cohorts are red hot going into 2018. Mainstream exposure has ignited public interest in cryptocurrency, and financial institutions can’t wait to get their hands into the market. Meanwhile, governments are scurrying to accommodate crypto and its markets in their regulatory frameworks, as all signs point to 2018 as being blockchain’s year of adoption and regulation.
We have seen a lot of companies use browser-embedded mining scripts to piggyback on visitors’ user resources. In virtually every case, such scripts are used to mine Monero, a very popular altcoin with a strong focus on privacy and anonymity. One thing no one would have expected is how Starbucks has embarked on such an undertaking as well. Or more specifically, the company’s in-store WiFi provider has done so. It’s a very troublesome development for Argentinian coffee lovers, to say the least.
People seemingly like to issue existing cryptocurrencies and digital assets as ERC20 tokens on top of the Ethereum blockchain. There is very little to gain by doing so, other than tricking novice cryptocurrency users into buying these crappy tokens. It seems there is a fake IOTA token out there which runs on top of the Ethereum blockchain. So far, there has only been one transaction associated with this token.
Beware of the Fake IOTA Token
We have seen a lot of interest in the IOTA currency over the past few weeks.
One of the last things one would have expected to see is darknet markets embrace Bitcoin Cash payments. Lo and behold, that is exactly what has happened over at the Dream marketplace. After completing their scheduled maintenance, the team decided to add a Bitcoin Cash payment option. This is a very strange decision, given the lack of privacy and anonymity associated with this currency.
Dream Market is Back With Bitcoin Cash
It is good to see the Dream market return from “maintenance” without too many problems.
Even though most cryptocurrencies have seen meteoric rises throughout the year already, the fun isn’t over just yet. After strong gains yesterday, we’ve seen the Ethereum price move up yet again. With a value of US$714 per ETH, things are looking pretty interesting right now. It is evident the road to a market capitalization of US$75 billion is wide open for the world’s second-largest cryptocurrency.
Ethereum Price Just Keeps on Rising
For a lot of people, the year 2017 has been more than spectacular.
The going has gotten tough for any company with ICO ambitions in the United States. We know all too well that the SEC frowns upon this form of investing, especially since a lot of these projects might violate securities laws. Munchee, a project recently embracing the ICO concept for its blockchain-based food review service, has halted its crowdsale. It seems the SEC is concerned about the nature and purpose of these tokens.
Munchee ICO is Suspended Indefinitely
For once, news regarding the SEC and an ongoing ICO is not related to fraud or dubious investments.
In late November 2017, ModulTrade launched the ModulTrade Platform (MTP), the world’s first blockchain based trade platform democratizing global trade for micro, small and medium enterprises (MSMEs) with a new digital marketplace to meet, commit and execute trade anywhere in the world, safely and securely.
Disclosure: This is a Sponsored Article
In October 2016, the ModulTrade team of MIT graduates began their mission to give an estimated 40mln MSMEs the same opportunities to trade between markets as per larger corporations.
Ever since the SEC issued its initial comments regarding initial coin offerings, people have been wondering how this situation would evolve. Things have been somewhat quiet on this front, despite its Cyber Unit coming to life not long ago. SEC Chairman Jay Clayton recently issued a statement on cryptocurrencies and initial coin offerings. As one would expect, there are a lot of questions which will need to be answered before any real growth can be expected.
SEC Chairman Still has Some Concerns
No one can deny that both the cryptocurrency and ICO industries have grown incredibly quickly throughout 2017.
Alongside every crypto market surge, a similar surge of activity in cryptocurrency social media transpires. Popular crypto personalities benefit the most from this activity, gaining huge numbers of new followers. Some of their Twitter accounts have tens of thousands of followers, and sometimes more. These followers are very receptive to the content shared by these accounts, using these accounts’ tweets as major resources in their research.
These prominent individuals, who have branded themselves as successful traders, master analysts, and market gurus, highly publicize their insane profits in order to gain the trust of their followers.
For once, most of the current cryptocurrency-related discussions will not revolve around Bitcoin, Ethereum, or Litecoin. Instead, we saw XRP gain a lot of value overnight and reaching a new all-time high. It has been a while since the XRP price showed any significant momentum. However, things are looking pretty good right now. Whether or not we will see more XRP price gains, remains to be seen, though.
XRP Price Tops out at $0.51
The year 2017 has been extremely bullish for all cryptocurrencies and digital assets.