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Bitcoin And Ethereum Flying High As XRP Struggles To Progress

The positive trend continues, now we must start to ask ourselves if a bull run is really imminent here? As the markets continue to recover and move up to figures not experienced since April, we should start to look the implications of this. Since Bitcoin is currently paving its own way up, we must assume that the rest of the markets will follow suit soon, especially given that Bitcoin dominance currently stands at 46.7%. Whilst we can’t guarantee it, we do have a very good feeling here. The markets look like they could surge soon and if they do, prices...

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FOMO Floods South Africa As 40% Regret Not Investing Sooner

A survey carried out across South Africa not only shows a thirst for cryptocurrency, it also shows that a number of people are now starting to regret not investing sooner, a feeling that many of us can indeed sympathise with. According to RTT News, Peppercorn Research, a research company carried out a number of face to face interviews between the 26th of April 2018 and the 26th of May 2018. This was carried out in association with Old Mutual Ltd, a Pan-African Financial Services Company. Whilst the survey was designed to build a better picture of the investment behaviours of...

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Bitcoin (BTC) ETF Hype Could Be A Whale Ploy To Lower Altcoin Prices Before The Next Rally

Bitcoin (BTC) is up today against most altcoins, trading at a price of $7,700 as shown by the daily BTC/USD chart above. It seems to have met resistance short term and the price might pull back short term, but a strong FOMO for Bitcoin (BTC) is clearly visible as investors refuse to sell even under overbought conditions. At the centre of this FOMO is Bitcoin(BTC)’s long anticipated ETF (Exchange Traded Fund). This would no doubt be a big development for Bitcoin (BTC) as traditional investors would be able to invest in Bitcoin (BTC) using most of their existing brokers. However,...

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The Bank Of England Could Use Bitcoin To Toughen Up The Banks Defences

Whilst The Bank of England continue to explore the potential behind blockchain technology and cryptocurrency, as a part of the UK Crypto taskforce, we wish to explore some of the implications this sort of technology could have for The Bank of England specifically. Interestingly, Reuters have recently reported such a scenario, that discusses just how the bank might tap into Distributed Ledger Technology (DLT). You can see the full report by Reuters, here. According to the report: “The Bank of England is aiming to revamp the system that underpins British banking and trading in the City of London by 2020...

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Hashflare To Cease Bitcoin Mining Operations As It’s No Longer Worth Money

Hashflare is a cryptocurrency mining service that allows users to connect with crypto mining pools. What this does, is controls a set amount of your computers processing power via the pool and rewards contributors with a share of the transactions that they facilitate. As it stands, Hashflare allows users to mine in pools for Litecoin, Ethereum, Zcash and Dash. Bitcoin mining of course was available however now it seems that Hashflare wish to phase this out, simply because they aren’t making any money off it anymore. According to a report by RTT News: “Hashflare, a cloud cryptocurrency mining platform, abruptly...

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