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Bitcoin Is On The Rise!

Bitcoin has had a rocky start to 2018, but it is showing its resilience once again by hitting the $11,000 mark. This is the first time it has reached this price since its crash in January. People’s faith in the cryptocurrency is slowly being restored, and CoinMarketCap showed Bitcoin had reached a price of $11,323, for the first time since 30th January 2018. This is fantastic news for the cryptocurrency, and shows just how tough it can be. Remarkably, it was trading at just $5,947 at the beginning of February, which shows an increase of a huge 95.19 percent in just a few weeks. This could be thanks to South Korea, who are one of the top countries for trading Bitcoin. There were fears that a ban on cryptocurrency trading could come into effect, but thankfully the new measures were not as st...

It’s Not Coinbase’s Fault for Overcharging Says Visa

The popular Bitcoin exchange Coinbase was reported to be overcharging some customers thousands of dollars throughout early February. The problem caused many customers to be charged multiple times for the same transactions, but some customers also reported seeing unauthorized withdrawals, reversed transactions, and other unexplained fees on their accounts. While the problem has now been fixed, Coinbase disclosed that the fault stemmed from card issuer Visa. It was initially reported that the error was caused by recent changes in the merchant category code, or MCC that Visa uses to identify credit and debit card transactions and classify digital currency transactions. As a result of the issue, customers who purchased cryptocurrencies between January 22nd 2018 and February 11th 2018 using cre...

Real Violence Threatened By Bitcoin Thieves

Digital currencies might only exist as virtual code, but thieves are resorting to threatening real violence to get their hands on it. More reports are emerging of thieves using real violence to steal Bitcoins and other cryptocurrencies from people. People holding large amounts of Bitcoin and other virtual currencies have become tempting targets for thieves for a number of reasons. Cryptocurrencies are easy to transfer into anonymous addresses, making the transaction virtually anonymous and extremely difficult to track by authorities. During January, armed assailants grabbed a Russian man in Phuket, Thailand, forcing him into his apartment and blindfolding him. They held him hostage until he agreed to log onto his computer and transfer approximately $100,000 worth of Bitcoin into the thieve...

Earning On In-game Achievements With IQeon Ecosystem Is Easy

  IQeon provides an opportunity to monetize in-game achievements for players and also facilitates the monetization of games, apps, and other services provided by game development companies. The startup has been raising funds for further development of its gaming ecosystem since the end of January 2018. This week is the 3rd week of the ICO which provides 15% Bonus to the amount of the IQN bought. It means that by paying less the early investors could get more IQeon tokens. IQeon is a functioning product but it still has many unique features in the roadmap to be implemented in the very nearest future. One of them is the adoption of Smart Contract technology. As you know, Smart Contracts are extremely popular when the two parties would like to agree on some terms and make sure that the p...

To Have And To HODL: What Your Investment Really Entails

Apple Co-Founder Steve Wozniak recently spoke about his crypto investment to an audience attending the Nordic Business Forum in Helsinki, Sweden last month. There, he told attendees about his experience investing in Bitcoin, and why he just couldn’t handle to HODL any longer. Long story short, Wozniak says he bought [an undisclosed amount] Bitcoin at $400 per coin, sold most around the current all-time high, made profit, and was happy to get out of the game. The Apple founder said it simply; “I don’t want that kind of care in my life.” When someone like Steve gets out of Bitcoin because of the care involved in the ownership, it begs the question; are we… married to our cryptos when we HODL? Steve might have a point, but let’s not forgot that Steve is coming at it from an entirely dif...

You Will Soon Be Able To Pay Your Income Tax With Bitcoin In Arizona

A Bill was passed on February 8th by the Arizona Senate that would allow its residents to pay their income tax using Bitcoin and any other cryptocurrencies that have been recognised by the state’s revenue authorities, although this would not come into effect until 2020. This is the first bill that actually signifies the widespread adoption of virtual currencies in the US. Although, in the past, it has been heavily argued that the true value of Bitcoin is incredibly difficult to determine because it has no backing or guaranteed use from the government, the proposed bill would change this, giving recognised cryptocurrencies real world functions and values. Jeff Weninger, a co-sponsor of the bill told Fox News; It’s one of a litany of bills that we’re running that is sending a signal to every...

Man Accidentally Throws Away $90million In Bitcoin

James Howells, an IT worker from Newport, Wales is definitely not having a good start to 2018. Whilst the boom in Bitcoin value in late last year led many investors to put a lot of money into the cryptocurrency, for this man, it led to utter distraught. Howell had purchased 7500 Bitcoins back in 2009, for very little money, before he decided to store them on his computer’s hard drive. He quickly forgot about them, and threw his computer, along with it’s hard drive into the bin after spilling a drink over it. However; in doing so, he inadvertently threw away all 7500 Bitcoins and it wasn’t until the recent Bitcoin boom that he realised the monumental error that he had made. Taking into consideration the price of Bitcoin today, the amount that he had is estimated to be worth over $90million....

When Will Crypto Hit $1 Trillion?

According to the founder and CEO of Kraken, Jesse Powell, the cryptocurrency market will hit a valuation of $1 trillion in 2018. He said he expects to see an “acceleration” of the growth in the cryptocurrency market, despite the recent sharp pullback. He alluded to the number of students graduating from cryptocurrency programmes at university and stated that he expects things to continue “exponentially” from there. And when asked whether he felt cryptocurrencies could hit the $1 trillion mark in 2018, he nodded in agreement. At present, the market cap of all cryptocurrencies sits at approximately $417 billion, as data from CoinMarketCap shows. In early January, it spiked to an all-time high of over $800 billion before undergoing a sharp drop as many chose to sell of...

ICON [ICX] Whitepaper Explained

Both blockchain and cryptocurrency are breaking more and more into the mainstream, and several projects are blazing the trail to push for the incorporation of this revolutionary technology into markets, economies and industries all around the globe. One cryptocurrency that has already been adopted into a number of major industries is ICON (ICX), a project based in South Korea that aims to “hyperconnect the world”. Until very recently, it was not clear precisely what ICX did, but January 30th saw the publication of the ICON whitepaper, which certainly caused a few raised eyebrows. What the whitepaper says Essentially, ICON is framed as a blockchain of blockchains. In the ecosystem of ICS, communities like hospitals, universities and banks can start their own blockchains. All blo...

These 4 Cryptocurrencies Rose When Bitcoin And Ripple Fell

2017 may forever be known as the year where cryptocurrency exploded into life and went from being a misunderstood side story to mainstream media news. 2018 hasn’t been as kind to digital currency so far, especially for Bitcoin and Ripple after their incredible rise. Both currencies have lost nearly half their value as more scrutiny and legislation is attached to the new world of dealing with money. Just as with any business, however, when some fail, others thrive. There are four who have got bigger and better in spite of a fall in the overall market. The four currencies Ethereum has come through the start of 2018 a lot healthier than Bitcoin and Ripple, with a 20% increase in its value. A lot would put that down to their blockchain and the evolution that has been allowed to happen of...

Paying Employees With Bitcoin – Is This Good?

First and foremost, it’s important to understand that Bitcoin doesn’t have a consistent, set value; its value is entirely based on global exchange rates, and dependent on the way it is sold online. Bitcoin is a virtual currency that is used for certain online transactions, but it is the online trade market that has made Bitcoin become very valuable. The trade value of Bitcoin has been extremely volatile, but it currently sits around the $9,000 mark. Due to the highly publicised rises of value for Bitcoin, some forward-thinking employers have been floating the idea of paying employees in Bitcoin instead of more mainstream currencies. And some employees may be happy to accept this form of payment. This should be approached with caution, however. Tax companies treat Bitcoin and ot...

Coinbase Launches Coinbase Commerce

On 14th February, digital asset exchange company Coinbase went live with their newest venture, Coinbase Commerce. Coinbase Commerce claims to be the easiest way for merchants to accept digital currency and therefore can be seen as another step towards cryptocurrency being used successfully in the mainstream. What is Coinbase Commerce? Coinbase Commerce is able to accept multiple cryptocurrencies, including Bitcoin, Bitcoin Cash, Litecoin and Ethereum, directly into a user-controlled wallet. Coinbase Commerce, unlike previous merchant products offered by Coinbase, is not a hosted site, meaning merchants have full control of their own digital currency. This, combined with the user-controlled wallet, means both customer and merchant have more control than ever. How easy is it to use? Coinbase...