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Why Bitcoin (BTC)’s Price Is A False Indicator Of Actual Value

Chart for BTC/USD (1W) Bitcoin (BTC) is currently trading just above $6,400. The average cost for mining one Bitcoin (BTC) lies slightly below this level between $5,800 and $6,200. This is the reason the price has managed to stay above those levels for now despite the fact that the volume is so low that a couple of million dollars could swing the price either way. If this had been a currency pair, for instance EUR/USD or GBP/JPY or a stock, there would be no debate regarding the actual and perceived value. This would be because most of the stocks or...

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Why The First 6 Months Of 2018 Have Been Devastating For Bitcoin Exchanges In Japan

Breaking news out of Japan today comes as yet another cryptocurrency exchange is hacked, seeing around $60 million worth of Bitcoin, Bitcoin Cash and MonaCoin lifted from Zaif, a Japanese based cryptocurrency exchange. We covered this story a little earlier on so therefore won’t harp on about Zaif too much. The big issue here is that when you actually assess the full scale of the damage of these hacks in Japan, the findings are frankly shocking. Before we delve into this, we must also highlight that Japan is one of the few countries that have specific regulations for cryptocurrencies, most...

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Are Cannabis Shares Starting To Threaten Bitcoin?

There’s a huge new trend that is sweeping the investment world and no, it’s not Bitcoin. The rise in the legalisation of Marijuana has led to the development of a new investment opportunity, Cannabis Shares, a culture that now allows investors to purchase shares in various legal cannabis based projects, be that the sale of cannabis itself, or products made of cannabis. Naturally, finance magnates love to turn any commodity into an investment opportunity, therefore this sort of thing was always inevitable with the international changes in cannabis legislation, however, many are now starting to see similarities between cannabis shares...

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6,000 Bitcoins Stolen From Japanese Exchange

Cryptocurrency exchange Zaif announced on Thursday that a recent hack has resulted in the loss of 5,966 bitcoins (BTC) and a total of $60 million USD worth of bitcoins, Bitcoin Cash (BCH) and MonaCoin (MONA). However, the size of the theft could be larger since the total number of lost BCH is still unknown. The Japan-based licensed platform said the intrusion took place last week when operators noticed suspicious withdrawals at 5 pm local time. The unusual activities led to the immediate suspension of all transactions and subsequent criminal investigation. 【重要】現在発生している仮想通貨の入出金停止に関する経緯と今後の対応について、当社のプレスリリースより詳細をご報告しておりますので、ご一読をお願いいたします。https://t.co/Foy9Me6K0v — Zaif - 暗号通貨取引所 (@zaifdotjp) September 19, 2018 The...

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$60 Million Bitcoin And Bitcoin Cash Stolen In Latest Japanese Exchange Hack

Japan, the home of cryptocurrency, or is it now the home of the cryptocurrency hack? Although Japan now has some of the tightest regulations surrounding the operations of cryptocurrency exchanges, it seems these regulations haven’t been enough to stop yet another devastating hack take place, this time, seeing around $60 million stolen in Bitcoin, Bitcoin Cash and MonaCoin from Tech Bureau owned Zaif. Zaif is a cryptocurrency exchange with a trading volume just shy of $72,000,000.00. Active markets within Zaif include Bitcoin, NEM, MonaCoin, Ethereum and of course, Bitcoin Cash. Of course, by all accounts Zaif is not the biggest...

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