Crypto.IQ

Increased Regulatory Scrutiny Is Bad News For US Investors

Investment in the crypto space has gone ballistic. When it was just a few million dollars here and there, it was just a niche experiment. Now that there are billions in investments going in, and market capitalizations of coins are measured in hundreds of millions and even billions of the top players, regulators are being forced to take a closer look. The amount of money raised by ICO cumulatively is nearing $4 Billion since 2014. But we can see that the vast majority of it has been this past year. With crypto assets on the verge of going mainstream and nearly every industry exploring blockchain technology, the current ICO regime has attracted billions this year alone, and with that comes regulatory scrutiny. Along with that increase in attention from regulators worldwide, development teams...

The Importance of Exchanges

If you are going to get into buying any cryptocurrencies besides Bitcoin, you will most likely have to start to venture into the exchanges. Exchanges are where you can trade coins for other coins or traditional currencies like Dollars and Euros. They function somewhat like the New York Stock Exchange or the NASDAQ. Some exchanges only transact in cryptocurrencies, and these exchanges generally have lower registration requirements than exchanges that also handle fiat currencies. In the past, it was possible to open an account at a crypto-only exchange while providing no more personal information than an email address. Those days are largely over, as regulation looms on the horizon. Exchanges are applying KYC (Know Your Customer) and AML (Anti-Money Laundering) standards to be more responsib...

The Four Essential Types of Crypto Wallets

When you initially get some Bitcoin, or any other coin, asset, or token, you will need to keep it in a wallet. As a rule of thumb, wallets are designed for specific coins. For example, you keep Bitcoin in a Bitcoin wallet. You keep Ethereum in an Ethereum wallet. Essentially, there is at least one wallet for each and every coin. But increasingly there are more options for the more popular coins and there are also multi-coin and multi-asset wallets. To help keep things as simple as possible for you, we are recommending a multi-asset wallet that can hold several of the most popular coins and assets. I’ll walk you through setting up that wallet in just a bit. It’s going to seem like there a lot of different kinds of wallets and at first, you might find it a little confusing. Don’t worry. I’m ...

WARNING: 3 Cryptocurrency Scams You Must Avoid

The barbarians are at the gate. They’re out there trying to get you, but now you’ve got some ideas on how to protect yourself from all these scams trying to get you from every which way. What are you going to do with this new-found financial freedom as you embrace cryptos and the blockchain-based future that awaits us all? You’re going to go out through that gate, past the barbarians and into the world and … you’re going to get scammed. Of course not! We’re here to help. We’ve already talked about all the things that can happen to you, but now we’re going to look at the kinds of scams out there in cryptoland that you can actually get yourself into. We’re going to tell you exactly what to look for. We can’t catch everything, but by the time you’ve read up on this stuff, and you’ve see...

The 6 Golden Rules For Investing in Cryptocurrency

We have developed a comprehensive method for evaluating cryptocurrency opportunities. Here are six rules that we follow at Crypto.IQ. These rules are based on Charlie’s years of experience in the crypto markets and require inside knowledge of the world of crypto assets. Crypto Investing Rule #1: Does It Solve a Real Problem? Cryptocurrencies exist because they solve problems that existing fiat currencies, such as dollars and euros, do not. For example, Bitcoin solves the problem of being able to transfer money between individuals quickly and easily outside the control of banks. At the same time, Bitcoin has a few built-in structural problems due to the way it was designed. Because of the way Bitcoin verifies each transaction with all of the computers in its network, it can take a few minut...

What’s behind the rise of Bitcoin?

2017 will be remembered by some as the year of Bitcoin. A spectacular last 12 months has seen the cryptocurrency increase in value twentyfold. In January, Bitcoin was worth just $1,000. Last week, the price of Bitcoin rose above $20,000. Now worth $300 billion, the Bitcoin market is now double the value of all Goldman Sachs’ shares combined. One of the key factors behind Bitcoin’s phenomenal rise has been large institutional investors, such as hedge funds and big Wall Street firms joining the Bitcoin party. The options exchange is to begin trading Bitcoin futures contracts on Sunday, while the Chicago Board Options Exchange and Chicago Mercantile Exchange have introduced Bitcoin futures with many banks already able to trade the contracts. Through futures contracts, banks will be able...