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Bitcoin To Hit $50,000

It has been predicted that Bitcoin could reach prices as high as $50,000 this year, although it will be as volatile as ever. These predictions have been made by Jeet Singh, who is a cryptocurrency portfolio manager, who has also said that it is common for virtual currencies to fluctuate by as much as 70 or 80 percent. He compared Bitcoin to technology giants, saying; “If you look at Microsoft or Apple, when they went public, their stocks were very volatile because the market wasn’t mature.” This volatility might have worried new traders, but experienced traders are likely to be...

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Blockchain Will Make The Biggest Difference In Developing Countries

Investment bank Exotix believes that blockchain technology will make the biggest difference in emerging countries. Paul Domjan, who is the global head of research, analytics and data at the bank discussed that although this is likely to happen on a step by step basis, that certain technologies have the ability to skip steps, giving a solution to the problem much quicker than before. He used the rapid increase in smartphone usage as an example of this. In a developed country, the chances of having a fixed telephone line is pretty much a given; however, this simply is not the case...

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The Best Alternatives To Bitcoin

Whilst Bitcoin is still one of the most popular cryptocurrency’s in the world, it has also faced its fair share of high profile criticism. Knowing which cryptocurrency to invest in can be difficult, so if you don’t want to invest in Bitcoin, here are some of the best alternatives. Ethereum: Ethereum had an impressive 2017. At the beginning of last year, its worth was just single digits, but fast-forward to the end of the year and it was worth more than $1,200. In early 2018, Ethereum was doing more than four times the number of Bitcoin transactions per day, at...

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How Blockchain Is Being Used To Help Migrants

Billionaire investor George Soros is working to ease the global refugee crisis using blockchain technology. He spoke at the World Economic Forum in Davos, speaking about how underpinning cryptocurrencies can play an important role in immigration. He said; “Blockchain technology can be put to positive use. And we use it actually in helping migrants to communicate with their families and to keep their money safe and to carry it with them.” However, it was not immediately clear how Soros planned on using the technology for these purposes. Blockchains are able to keep a secure record of all the transactions, whether...

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Bitcoin & Blockchain Can Make A Difference To Us All!

You've probably heard about Bitcoin and its enabling financial technology, blockchain, but how exactly does it impact us? Bitcoin has been at the forefront of the news after rocketing to $14,000 by the end of the year, from under $1000 just 12 months earlier. Ethereum, another digital currency, was selling at $8 on the 1st of January 2017, and $843 at the end of the year! Even non-investors are wondering if they should get onto the cryptocurrency train and enjoy the gains that some speculators have made - but market analysts are wary of what they perceive as being an...

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