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This Is The Reason Commodity Coins Are Becoming More Popular

You either love or hate cryptocurrencies; but none have drawn quite as controversy as El Patro, an oil- backed cryptocurrency that was designed by Venezuelan President Nicolas Maduro back in December. This coin has faced its fair share of criticism right from the start and was even declared illegal by its own government. However; this has not stopped Maduro. In early 2018, Maduro recruited over 800,000 young citizens to mine the cryptocurrency, saying; “We are going to call them a special cryptocurrency team...They will set up cryptocurrency mining farms in all states and municipalities of the country.” The presale is...

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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...

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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....

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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...

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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...

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