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The Importance Of Asian Countries For Bitcoin And Cryptocurrencies

People in the U.S. or the western world may not be aware of this, but Asian markets play an instrumental role in affecting the value and trade volume of cryptocurrencies. Three countries that make a significant impact on Bitcoin values are Japan, China and South Korea. Statistics show that these three countries accounted for more than 50% of the trade volume for cryptocurrencies in 2017. The Role of Japan Japan is the birthplace of Bitcoin and cryptocurrencies. Some of the first mining operations in the world were set up in this country. Satoshi Nakamoto, the pseudonym associated with the creation...

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Bitcoin, Ethereum and Ripple Are On The Rise

Cryptocurrencies, on the whole, have had quite a rocky weekend. But, despite this, the top three are on the rise. Bitcoin, Ethereum, and Ripple are all on the rise, bringing a great start to the week. The reasons for the current price fluctuation can be put down to a number of things that we will look at in more detail now. Firstly, the initial drop in the price of cryptocurrencies can be put down to Twitter’s recent report that they are to implement a ban on cryptocurrency advertising, following the footsteps of both Facebook and Google. Whilst this will stop...

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These Are Some Of The Worst Bitcoin Scams Around

Cryptocurrency has become a buzzword in today’s day and age, thrown around sometimes with little to no understanding of the term or the risks involved. The most famous cryptocurrency is without a doubt Bitcoin. While originally it was viewed as a secure financial option by its use of blockchains, it is by no means an un-hackable currency and has been a victim of numerous scams. The Optioment Ploy might be one of the more famous cases of Bitcoin fraud. By combining a Ponzi scheme with a fake ICO (initial coin offering), investors in Bitcoin Savings and Trust were guaranteed too-good-to-be-true...

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Bitcoin Might Become A Form Of Art

Bitcoin is a mystery to many. As the currency gains popularity, the enigma surrounding it deepens. Financial analysts, asset managers and tech geniuses are confused, yet they continue to praise it. A number of serious economists and computer techs have wondered what anyone sees in the currency. Sure, it is an innovative way of transferring money. Yes, it is secure and impossible to hack. Of course, it offers anonymity. Free from government control is an added bonus. But do all these traits justify the high valuation? Some skeptics disagree. Many had predicted the downfall of the coin during 2017 and...

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Bitcoin To Hit $91k

Despite the recent poor performance from Bitcoin, this could all turn around. Investors in Bitcoin got a treat, when analysts predicted that the number one virtual currency could reach $91,000 by March 2020. After hitting an all time high of $20,000 in December the beginning of the year saw this almost halve, and this weekend, the coin was valued at little over $7,000. However, the researchers who are based at the New York Fundstrat Global Advisors believed that they have looked at the long term value of Bitcoin, and have mapped out in detail the short and long term trends,...

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