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Coinbase Fraud Accusations Could Set Coinbase Domination Plans Back

Coinbase want to become the worlds biggest and best cryptocurrency exchange. This is hardly surprising as I am sure every cryptocurrency exchange would want to achieve that accolade. Either way, we are seeing reports today that discuss how Coinbase has had a number of complaints filed against it in the United States, complaints that now looking to be engaging the involvement of the US Securities and Exchange Commission (SEC). This stems from an investigation carried out by Mashable, according to whom: “A recurring theme in the SEC complaint files Mashable obtained is the seeming disappearance of a would-be trader’s money, and what is portrayed as an aggressive nonchalance on the part of Coinbase in response to the loss. Notably, the SEC redacted the complaints to remove personally id...

Can Bitcoin (BTC) Hold $6,000 Support?

Bitcoin (BTC) bears have been in control for far too long these past few months. The bulls appear to have given up without even putting up a fight. This is to be expected in markets like these when fears of a government crackdown, stringent regulations and exchange hacks constantly loom over the horizon. The global economy is in shambles and investors in most markets are running scared. It is natural to expect such deep rooted negative sentiment considering most investors bought Bitcoin (BTC) only because it was going up, on in other words to make money. The number of investors who bought Bitcoin (BTC) out of principle is insignificant comparatively. Investors who did not do their research and bought only because the price was making 5% gains every passing day were quick to sell when thing...

BREAKING: Mt. Gox Creditors Will Be Reimbursed In Crypto, Markets Crash In Response

The Tokyo District Court has published a document which rules that creditors involved in the Mt. Gox hack in 2014, that saw a loss of $472 Million will be reimbursed in cryptocurrency. See the full report for yourself here-https://www.mtgox.com/img/pdf/20180622_announcement_en.pdf Creditors are now eligible for a refund in cryptocurrency and will be required to register a claim before October 22nd, 2018. The document does suggest that formal proceedings will not begin until February 2019. Until then, Mt. Gox will no longer be able to engage in mass sell offs, such sell offs have recently been blamed on causing the markets to crash recently. The markets have responded to this news and as a result, values have truly plunged. At the time of writing: Bitcoin is down 8.75% Ethereum is down 11.8...

Will This Become Amazon’s First Listed Cryptocurrency?

A quiet altcoin is hitting headlines today in the wake of news of a new partnership with Amazon’s cloud computing service provider, Amazon Web Services. Centrality, the altcoin in question is reeling from this news. At the time of writing, Centrality is valued at $0.176, up 59.54%. Considering the rest of the market is certainly crashing, with neighbours MOAC and Dentacoin both down 9.44% and 10.02% respectively, we can say, for fact, that this news has had a very positive impact on Centrality, and their cryptocurrency, CENNZ. Standard status unlocked! ✅ #Centrality is now an AWS technology partner. Developers, we are coming for you! @awscloud pic.twitter.com/ytNKf0bDa2 — Centrality – not giving away ETH (@centralityai) June 21, 2018 What is Centrality? Centrality is a blockchain ent...

Now We Know That Ripple XRP Will Be Added To Coinbase, Will XRP See $3.00 Again?

The Coinbase debate rages on with regards to the addition of Ripple XRP. Very recently, Coinbase announced the listing of Ethereum Classic, suggesting that at the very least, Coinbase are on track to continue increasing their portfolio (at an albeit, slow rate). There have been a few other news instances over the past few weeks however that are also pointing towards an almost definite Coinbase listing for Ripple XRP. As conclusions are drawn, we can start to see how various small events are leading up to an almost certain listing for Ripple XRP on Coinbase. A listing that will skyrocket the price of XRP and make Ripple’s currency, far more accessible than ever before. As I have mentioned, the recent Ethereum Classic listing proves that Coinbase aren’t settled just yet. It did seem that the...

Bitcoin Could Still Reach $100,000, Fast

YouTube connoisseur and author Louis Thomas has recently published a video during which is discusses how Bitcoin could move up to $100,000, faster than we think – https://www.youtube.com/watch?v=5LhDzDtt5sI Before we begin, please remember that this is not investment advice and is of course based upon speculation. Louis Thomas is not a financial advisor and therefore is working on speculation and assumptions. Even so though, speculative ideas can be useful in creating a bigger picture within your investment research. This news can help to inform your own portfolio and thus, is useful to know. So, how can Bitcoin hit $100,000, quickly? Essentially, Thomas believes that we simply just need to get the worlds wealthiest people to shift some of their riches into cryptocurrency. It’s impor...

Two Huge Hacks In Two Weeks Didn’t Crash The Markets, Here’s Why

Yesterday, we saw news of another hack of the South Korean cryptocurrency exchange, Bithumb, the hack, resulted in the theft of over $30 Million. Just over a week ago, we also saw a similar scale hack take hold of (another South Korean cryptocurrency exchange) Coinrail, this time, we saw theft in excess of $40 Million. Bithumb Attack- https://cryptodaily.co.uk/2018/06/heres-what-happened-in-the-bithumb-attack/ Coinrail Attack- https://cryptodaily.co.uk/2018/06/eos-takes-the-biggest-blow-from-coinrail-hack/ In just two weeks, over $70 Million worth of cryptocurrencies have been stolen. A few months ago, events of this nature would have pounded market values down, yet today, even in the wake of this news, the markets are behaving quite predictably and relatively smoothly. Why hasn’t a loss o...

Important Reminder For Australian Crypto Investors

The Australian tax year is about to draw to a close, you know what this means? Crypto-tax returns. A few months ago, we saw a similar situation in the US that in turn encouraged the crush of the markets. Many people believed that US Tax Day kickstarted a huge cryptocurrency sell off, on the premise that people started to realise just how much tax they would have to pay as a result of their digital assets. Whilst we don’t expect to see such an effect as a result of the Australian tax deadline, we should still monitor the situation closely, to ensure nothing adverse comes as a result of this. Here’s a quick reminder of the Australian Tax Office definition of cryptocurrencies: “Bitcoin is neither money nor Australian or foreign currency. Rather, it is property and is an asset for capital gain...

TRON TRX Will Skyrocket After $50 Million Burn

I do believe that many of us fantasise about being so rich, we can literally afford to burn money. Not only is this wasteful and of course, morally wrong, it’s also not recommended, so please, don’t go from here and burn any money. It’s also illegal to deface money, but anyway, I suppose the legality of sovereign currency is something the crypto-community aren’t too bothered about hey! Burning, in cryptocurrency however is a little different. According to Investinblockchain.com: “By burning cryptocurrencies, the value of the remaining coins increases. This because most cryptocurrencies have a finite total number. For example, there are currently 16.7 million Bitcoins in circulation and there can only be 21 million Bitcoins in total. Imagine that 1 million Bitcoins will be burned and the de...

Bitcoin Will Inspire The Next Gutenberg Moment

Business Insider (Australia) have published an interesting article which asks a number of experts from the blockchain industry if they believe we are about to witness a new ‘Gutenberg Moment’ from the blockchain. You can see the full article for yourself, here- https://www.businessinsider.com.au/we-asked-7-experts-whether-blockchain-is-the-next-gutenberg-moment-heres-what-they-said-2018-6 As the Gutenberg Moment is a key social turning point for any journalist, we want to explore how the blockchain could initiate a second coming of this, therefore, we will take a look at what the experts have told Business Insider and of course, will add our own input to the discussion. Firstly though, in case you’re unaware of the Gutenberg Moment – according to the Stanford Social Innovation Review: “The...

Is This The Next Big Crypto Scam?

Generally, when we see reports of cryptocurrency and blockchain crime, we see reports of either hackers or ICO based scams. I suppose these methods are the most common for stealing crypto assets because ultimately, they are the most covert. Therefore, it is shocking to hear this latest news from the Ukraine, which reports how four men have been arrested for setting up and running six fake cryptocurrency exchanges. This really is a scam on a very elaborate level. According Bleeping Computer, authorities in Dnipro arrested four men aged between 20 years and 26 years last week after they had been found setting up six fake cryptocurrency exchanges, designed to scam customers. The exchanges existed on the following domains (all of which have now expired); moneycraft.info wowex.online swapex.net...

Heavy Downward Momentum Set To Project Markets Through The Weekend, Bitcoin, Ripple And Litecoin Fall

After a slightly positive day yesterday, the markets have reset themselves on a steep negative trajectory once more. Of course, we didn’t see yesterdays progress as a sign of recovery, however we did assume that this positive momentum may have lasted a little longer than just a morning. Now, we are back in a familiar dip, with cryptocurrency prices sliding downwards and once more, no sign of liberation from this ever-tight bear market. Now as we enter the weekend, we can only expect this price slide to continue as depleting value seems to lead the way. Indeed, if the current trend continues, we could very well see some major cryptocurrencies hit new two-monthly lows, a concerning factor considering that this has already happened once this month, a second new-low dip really would help make ...