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Former PayPal CEO Bill Harris Battles Crypto Champion Brian Kelly Over Bitcoin

Bill Harris, the former CEO of PayPal is probably most famous for referring to Bitcoin as the greatest scam of all time. Brian Kelly on the other hand is a crypto entrepreneur, famous for his bullish optimism and his role as a crypto hedge fund manager. Therefore, pitting the pair against each other on television was sure to be both insightful, and a little entertaining. According to Cryptoglobe, the pair battled it out on CNBC’s Fast Money, in a special segment called The Great Bitcoin Debate, a debate that started off with the following statement by Harris: “The cult of Bitcoin makes many claims: that it is instant, free, scalable, efficient, secure, globally accepted, and useful. It is none of those things.” Referring to Bitcoin as a cult, is powerful if a little patronising...

90% Of Altcoins Will Be Wiped Out, Making Bitcoin More Affordable According To One Expert

Ted Rogers, the President of Xapo has recently spoken out about the looming crypto ‘recession’ that he believes is enough to totally wipe out 90% of the markets altcoins, making way for new low Bitcoin prices that in turn, will reap huge rewards for investors. According to Coinspeaker: “Rogers recently said that 90% of the digital currencies in the cryptocurrency market are poised to get wiped out while predicting an impending recession to take place in the altcoin space. Rogers says that this lapse will give crypto enthusiasts a huge opportunity to buy Bitcoins at a discounted rate.” If 90% of altcoins are wiped out, the market capitalisation and dominance of Bitcoin will change dramatically, though we would expect that it still holds a majority over the other remaining 10% of cryptocurre...

Playboy’s Cryptocurrency Has Failed, Now They Are Pretty Upset About It

There has been somewhat of a revolution in cryptocurrency and adult entertainment this year, with Verge leading the way by becoming the first cryptocurrency payment option for PornHub. Since then, PornHub have expanded their portfolio to list other currencies such as TRX, proving that there seems to be a demand for crypto payments within porn. Stormy Daniels has also started a similar revolution within her adult entertainment empire, so naturally, Playboy wanted in, developing a project alongside BLOC (Global Blockchain Technologies) which aimed to integrate Vice Industry Token (VIC) within Playboy’s online adult entertainment service. The idea was simple, Playboy wanted to take crypto payments for their service, but also wanted to encourage the consumption of their service by rewarding vi...

What Does A Surge In Coinbase Customers Mean For Bitcoin Adoption?

Brian Armstrong, the CEO of Coinbase has told Bloomberg that last year, the exchange was dealing with up to 50,000 new customer sign ups per day, suggesting that between the years of 2017 – 2018, we saw the biggest surge yet in the popularity of cryptocurrency. Of course, we already know that this is the case and we know that popularity was spurred on by a huge surge in the value of cryptocurrency, but there’s a bigger picture to be explored here. Moreover, according to Bloomberg, Armstrong added: “This technology is going through a series of bubbles and corrections, and each time it does that, it’s at a new plateau. People’s expectations are all over the map, but real-world adoption has been going up.” Furthermore: “I think it will be quite some time before you cross the street to S...

Markets Rebalance As Heavy Correction Halts The Fall Of BTC, XRP, EOS And IOTA

After a catastrophic day in the markets, it seems to slide has finally come to an end today, letting us start the mid-week period with a little bit of an optimistic outlook. This optimism may be short lived, as many do believe the decline of crypto hasn’t come to an end just yet, either way though, let’s relish in the fact that as it stands, crypto is no longer falling. What is happening here? This market decline is organic, it may be in response to world economics but generally, there isn’t one lone factor causing this, this is simply put, a response to various different events and situations, causing a sell off which is causing values to tumble. Overall the consensus has been that the markets will fly high again soon, but major cryptos will find new bottoms in the process. Notably, many ...

Stop Unfollowing Ethereum Scam Bots, Twitter Actually Wants You To Follow Them Instead

Twitter hate cryptocurrency don’t they. It’s no surprise, it seems that Twitter is a hub for cryptocurrency scams. Though advertising is banned, it’s still very easy for people to set up fake pages for ICO’s/crypto events and even easier for people to run multiple Twitter bots for this purpose too. Overall, it’s very easy to scam via Twitter, and it’s very easy to be scammed too. One typical scam, is the ‘Ethereum Giveaway’ during which bots and fake accounts charade as celebrities that are giving away Ethereum. Within this, users are asked to giveaway personal data/crypto assets in return for a bigger payout, naturally though, those that follow suit don’t receive any Ethereum in return, suprise suprise. This is why many celebrities, especially in the crypto world, will include ‘NOT GIVING...

Jamaica Stock Exchange Makes Huge Announcement For Crypto Trading

The Jamaica Stock Exchange (JSE) has announced a new plan which will see a number of cryptocurrencies added to the exchange which JSE customers will soon be able to trade. This will be enabled through a partnership between the JSE and blockchain firn, Blockstation. Blockstation will be developing the technical aspect of the exchange, integrating the JSE’s current platform with the blockchain. As it stands, we are unsure which cryptocurrencies will be listed on the exchange initially, but we do expect that the first batch will be added by the start of 2019. JSE believe that offering cryptocurrencies will help compliment the JSE’s current offerings and investment opportunities already within the exchange. According to Coindesk, Marlene Street Forrest the Managing Director at the JSE has said...

John McAfee Keeps Denying That His Wallet Is Hackable, Despite It Being Hacked Again

It’s happened again, McAfee’s not-so-fortress of a wallet, BitFi has been hacked by another team of hackers who should now qualify for McAfee’s lesser not-bug-bounty of $10,000.00. We say not bug bounty, as McAfee claims that the reward he is offering to potential hackers is not a bug bounty, because the wallet is so secure and it has no bugs to exploit. All though, BitFi keeps getting hacked. As a matter of fact, one hacked, aged 15 even managed to install a fully working version of the video game ‘Doom’ on one. See our coverage of the Doom story, here. Well, that’s a transaction made with a MitMed Bitfi, with the phrase and seed being sent to a remote machine. That sounds a lot like Bounty 2 to me. pic.twitter.com/qBOVQ1z6P2 — Ask Cybergibbons! (@cybergibbons) 13 August 2018 Cyberg...

Ethereum (ETH) Undergoes Worst Correction Ever As Price Plummets More Than 81% Since All Time High

Ethereum (ETH) has now undergone the worst correction in its history. The price is down more than 81% since its all time high and could fall even further as indicated by the ETH/USD weekly chart above. The RSI level for Ethereum (ETH) is well in the oversold region but it has just bounced off a resistance and can be expected to fall further to touch the lower limit of the falling wedge that the RSI is trading in. It is pertinent to note though that the price has now traded further along the falling wedge such that a breakout can be expected anytime within the next 2 to 3 weeks. The Elliot Wave Oscillator profile on the above chart points to a similar scenario. The EWO diagram shows that the price can be expected to fall further to complete the cycle. However, it also shows that the momentu...

DACC Announces New Custody Support For Stellar XLM

Digital Asset Custody Company (DACC) is a custody solution designed to help institutional investors with their crypto and digital asset investments. DACC have now announced new support for Stellar XLM in a move that should inspire a new level of investment from high level institutions and corporations. Overall, DACC currently support of 90 digital assets and 10 different blockchain projects in order to support institutions that operate within the realms of investment advice, hedge funds, private equity token issuers. According to a press release in PR Newswire, the Chief Product Officer at DACC, Matthew Johnson has said: “With a market cap in the billions of dollars, XLM has become one of the more widely-held cryptocurrency investments in today’s market – necessitating a ...

ICON (ICX) Has Erased All Its Gains Since ATH Of $13.16

Icon (ICX) is the perfect example of a bleeding cryptocurrency right now. The coin is down an alarming 96% since its all time high of $13.16 in January. The price is currently trading at $0.49 as can be seen on the ICX/USD daily chart above. Icon (ICX) perfectly explains the massive level of capitulation some altcoins had to go through during this recent correction. Over the past 7 months of correction, the price has continued to plummet, for the most part in a free fall against the US Dollar (USD). RSI has continued to trade in oversold territory since the beginning of August but the price has continued to fall further with the rest of the market. The Vix Indicator on the bottom half of the chart shows how the price reached a perceived bottom since the beginning of August but the price ha...

Bitcoin Can Stabilise Britain After Brexit

With news of the Turkish Lira seemingly hot, talks of how Bitcoin could rescue the countries economy are sprawled across headlines at present, leading to the opening of many debates surrounding Bitcoin as a rescue method for a number of other future and potential financial crises. We have recently seen discussions about Bitcoin being used in a USD crash and now, we are seeing reports surrounding the use of Bitcoin in a post-Brexit crash of GBP, a worry on the minds of many living on the island. Whilst a crash of GBP is not guaranteed, many in Britain do believe that the looming withdrawal of Britain from the EU will cause the value of the pound sterling to plummet, Bitcoin could hold an attractive rescue plan for British citizens in this instance, according to one FinTech expert. According...