Author: CRYPTO WORLD

There is a financial revolution on the way. A revolution born out of the need for greater accountability and transparency in the financial industry. A revolution born on the disintermediation and decentralization of banking services and underpinned by technological tour de force, Bitcoin. Bitcoin has grown in leaps and bounds over the past few years, from a proof-of-work concept to the foundation of a market that scaled above the $300 billion mark. With the currency gaining widespread adoption by both financial establishments and governments, and analysts billing it the futures…

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Following in the footsteps of Russia and Dubai, Israel is considering offering a national cryptocurrency – a digital shekel – which would correspond in value to physical shekels. According to the sources close to the Finance Ministry, Israel’s black market is approximately 22 percent of the country’s gross domestic product. A digital currency, registered with the government of Israel, would make black market transactions less possible. Additionally, per the news source, the government is considering legislation that would substantially reduce the amount of physical cash in the economy. For example,…

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Pineapple Fund has donated $1 mln in Bitcoins to the Internet Archive this Saturday. Pineapple is a Bitcoin-only charity established in early December 2017, whose ultimate goal is to give $86 mln worth of Bitcoin to various nonprofit organizations. For early adopters, Bitcoin’s massive rise in value has been a remarkable ride from rags to riches, and some are now deciding to give back. The Pineapple Fund has been launched by an anonymous person who goes by the username /u/PineappleFund on Reddit. The donor has created a website to issue…

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Within merely 24 hours after experiencing a major correction during which every single cryptocurrency in the market plunged in value, the cryptocurrency market has completely recovered. Speedy Recovery The market valuation of cryptocurrencies surged from $480 billion to nearly $600 billion, to the point before the correction on December 21. Today, on December 23, all cryptocurrencies in the market from bitcoin to the top 100 cryptocurrency have surged in value. Specifically, Bitcoin Cash recorded the largest gain in the top 20 cryptocurrencies with a 52 percent overnight price increase. Others…

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The NAGA Token Sale, which was backed by the German FinTech company The NAGA Group AG, concluded last week, successfully raising over $50 million USD. The Token Sale Ends… The NAGA Token Sale came to its conclusion last week and the final numbers are in. Thanks to the 63,000+ backers who participated in the token sale, more than 50 million USD was raised, shattering the project’s original target goal of 30 million USD. The project was advised by renowned blockchain experts such as Roger Ver (Founder & CEO Bitcoin.com), Mate…

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The Chicago Board Options Exchange (CBOE) hopes to be the first U.S. exchange to list a Bitcoin ETF, an exchange-traded fund that tracks the price of bitcoin futures contracts. CBOE Files to List Bitcoin ETF According to documents posted on the exchange operator’s website, CBOE filed several proposed rule changes with the U.S. Securities and Exchange Commission (SEC) that would allow the exchange to list six Bitcoin ETFs on its trading platform. Specifically, CBOE seeks to list Bitcoin ETFs from fund providers First Trust, GraniteShares, and REX. None of these…

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A YEAR OF HIGHS There’s no doubt about it: Bitcoin has proven itself to be the most resilient cryptocurrency around, overcoming a number of hurdles, including hard forks, in 2017. The currency hit a new record price of $19,796 per coin on December 17, before falling to its current price of $13,164 per coin (at the time of writing). Naturally, the record year has observers rife with speculation about the future of Bitcoin. Experts predict that, a year from now, the price of bitcoin could grow more than triple its…

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You probably woke up this morning to a portfolio streaked in red, and you likely came to the logical conclusion that the market is getting massacred at the moment. Congratulations, you’d be right. If you’re a veteran investor, this is par for the course, another adrenaline-inducing day in this amusement park we call a market. If you’re new to the game, you might regret investing in that magic internet money your coworker used to pay off his mortgage. Either way, there’s little reason to panic, and there’s even less of…

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Yesterday evening, cryptocurrency exchange EtherDelta sent out a series of tweets warning its users not to use the site. EtherDelta is reporting that they believe their DNS server has been compromised by a hack, and the unknown assailant has created a duplicate of the exchange’s domain. They described the phishing site to be a copy of their own site, but without the chat button on the navigation bar, nor the company’s official Twitter feed. It also holds fake order books. Following the attack, the cryptocurrency exchange suspended services in the…

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Bitcoin is virtual currency but it does not mean you cannot exchange it in real cash. Bitcoin (and other currencies) ATMs are added every day, current speed is 4.29 ATMs/day. Like any other ATMs this service is not free, so before using check the fees carefully. 9.68% is average fee (calculated based on 1191 machines supporting buy operations, and 421 ATMs supporting sell operations). 10.73% is average buy fee and 6.69% is average sell fee. So with current BTC/USD rate of 16661.10 USD can be your buying fee 1787 USD…

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The price of Ripple’s XRP token has passed a dollar for the first time in its history. Currently the fourth-largest cryptocurrency by market capitalization, XRP passed the milestone just before press time, achieving an all-time high of $1.06, as per CoinMarketCap data. The rally in XRP follows months of sideways trading for the cryptocurrency, which took an upwards turn a week ago following positive news flow for banking-focused Ripple, as well as generally surging prices among alternative coins as investors look to move money out of an overstretched and falling…

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