Bitcoin below $7,000 – is there a bottom to the market crash?

In the last few months the cryptocurrency industry has been shaken quite a bit, with most coins and tokens falling dramatically in value. When just in December of last year Bitcoin was surfing all-time highs of $20,000+, and now by the end of March it dipped to below $7,000. Where did this sudden plunge come from? This latest CNN Money article by Daniel Shane goes into the history of the cryptocurrency crash and possible reasons of why people are pulling their savings out of Bitcoin.

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Is Bitcoin disappointing you? It’s probably not the only one

Thus far, 2018 has started off in a very disappointing manner for the crypto currency market, with Bitcoin reaching lower lows and Etherium failing to maintain it’s prices above $400 with most of the smaller alternatives running parallel trends. Traders and investors are found asking themselves; “Would I have done better in the traditional market?”. The answer to which is “no” and here’s why. The global markets are also hosting bearish trends according to MarketView as the period of March 19 – March 23 shows us a 6% fall in the U.

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Central Bank Eyes Crypto as Possible Yuan Threat

China’s central bank, the People’s Bank of China (PboC) stated that protecting the national currency is going to be one of its top priorities for 2018. It will do this by enforcing regulatory measures both internally and when dealing with external parties, though it was not specified exactly which measures will be taken. An earlier notice from China’s Ministry of Public Security stated that it will take aim at cryptocurrency related pyramid schemes.

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Crypto floodgates will open in 2018

Despite a very disappointing market performance for the first quarter of 2018 (with Ethereum loses about 52% of its value in a month and Bitcoin reaching new lows every second week), a few individuals believe that the tides might turn the crypto market into a bullish trend, and when this happens it will once again cause a flood of crypto trading. According to Bill Barhydt, (investment app ‘Adra’s CEO), talking about Business Insider there is great interest from hedge fund managers who see the volatility of the crypto market as a profitable opportunity.

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Monero Plagued by Outdated Privacy Breach Allegations

A research paper titled “An Empirical Analysis of Linkability in the Monero Blockchain written in 2017 revealed how ring signatures could cause the types of link ability that could, in turn, cause users to be identified. As expected, this caused a shock throughout the Monero community and the problem was subsequently fixed by an update in September 2017. To rectify the damage done by the report, one of the fixes included making their confidential signature technology, Ring CT, mandatory as it was optional previously.

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Municipal cryptocurrencies - is your city budget going to the Blockchain?

Bitcoin and other cryptocurrencies are now getting spotlights even in local elections. Should cryptocurrency investors pay more attention to local governments? More importantly, how much influence do they have on the national economy and how much of it should they exercise? This is a large debate in public administration. This article by NBC DFW talks about a local candidate for Mayor named Winston Edmondson who came up with the idea of introducing a local cryptocurrency he wants to call Blue Coin.

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Reddit stops accepting payments in Bitcoin - will the market continue going down?

Reddit, one of the biggest hangouts for cryptocurrency enthusiasts, has decided to discontinue accepting payments for premium memberships in Bitcoin, CBS News reports, this decision follows an announcement from Coinbase about discontinuing their merchant product. Now the platform only accepts PayPal and credit card payments. With the recent crash on the market, this poses an interesting question: does this decision make the state of Bitcoin even worse? Are we going to see more vendors getting out of cryptocurrencies?

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Bitcoin plunges as top social media companies take action against cryptocurrency advertisement

Can bans on social media websites such as Twitter strongly affect the price of cryptocurrencies? What does this mean for traders and investors?How are these announcements affecting the market? When twitter takes action against ICO advertisement on their platform, Bitcoin price falls drastically – Paul LaMonica from CNN Money reports in this article. New regulations around the world are being drafted for cryptocurrencies in many countries and it seems that social media companies are willing to help speed up this process.

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Cryptocurrencies going mainstream - are they considered property? Should they be taxed?

As Bitcoin in particular and cryptocurrency trading in general is spreading among the public, the questions of taxation and regulations are becoming more relevant. Should you file taxes on your Bitcoin? Is this something you should be looking into? Anna Bahney from CNN Money in this article offers insight into properly reporting trades and making sense of the trading process from the perspective of US tax law. It is going to be particularly helpful to investors who don’t have a background in the stock market.

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What does GDPR mean for cryptocurrencies?

In 60 days GDPR comes into effect for companies trading in the European Union, but what does it mean for cryptocurrency owners and traders? Pedro Febrero from CCN argues in his article that any platform that uses a distributed ledger to store user data is basically screwed. With some serious fines (upto 4% of your company’s revenue) it will be an interesting time for cryptocurrencies in Europe.

Can cryptocurrencies be used to store and distribute illegal materials?

Blockchain, the technology that all cryptocurrencies rely on, is composed of decentralized ledgers that can store all sorts of information. This article from CBS New York poses a question: can it be used to store and distribute child pornography? If it can, does it mean every single computer running the Blockchain is technically compliant in a crime? German researchers found 274 links to child abuse materials stored on the dark web while studying the Bitcoin Blockchain.

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Bitcoin Money Laundering - where is the origin of recent regulatory attention?

Cryptocurrencies are experiencing a dramatic drop in value recently, following the news about laws and regulations that introduce challenges into trading and purchasing Bitcoin and alternatives. The question of tokens and securities and debates about whether ICOs should be allowed in the United States are driving large investments out of the industry in anticipation of new restrictions. This recent article by Fox News was largely overlooked by the public at large.

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Cryptocurrencies vs Cash - how does the future look like?

Bitcoin and other cryptocurrencies are becoming a larger part of the general social discourse. Discussions about Blockchain and the meaning of its invention are being held on all levels and across industries. It is reasonable to assume that their presence will only increase as the industry advances technologically. This recent NBC News report makes a solid case about cryptocurrencies potentially replacing cash as the means of day-to-day transactions. They provide a few cases where conventional currencies fall short to Blockchain solutions, as well as vice versa.

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How computers are getting hijacked by cryptocurrency-mining malware

Monero one of the top 10 cryptocurrencies in the industry, can be mined using the CPU of your personal computer, or even be installed to your website and hijack the processing power of your visitors. On the other side of this same equation, the same cryptocurrency can be used to monetize website views instead of traditional advertising and make almost instant transactions. Technology is complicated, and it all seems to be in how people use it.

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Coinbase leading the way to index investing into cryptocurrencies

Coinbase is among pioneers in cryptocurrency investment, owning both a service for purchasing top currencies in fiat and trading them for alternative currencies on their own GDAX exchange. They have been on the market since 2011 and the number of active users of their service is well north of 10 million, with trading volumes surpassing $50 Billion. According to this Washington Post article, they have announced intentions for opening their own index fund for top cryptocurrency assets.

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Reading about bitcoin, what should I be reading?

I’m pretty new to Bitcoin and cryptocurrencies in general. I’ve often found it hard to find solid content to understand these emgering technologies. So I decided to put together a list, here is my first take on a reading list. I’ve referenced other reading lists. Why Bitcoin Matters What Bitcoin Matter is a book written by Marc Andreessen who’s frim Andreessen Horowitz has invested in many crypto start-ups Bitcoin — The Internet of Money Bitcoin – The Internet of Money is another artclie written about Bitcoin by Naval Ravikant (it’s slightly old now, but still very interesting).

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India signals ban on cryptocurrencies, embraces blockchain

Today the Register published an artclie where the Indian government is lookig to an outright band of cryptocurrencies. You can read more from the Register site. With Bitching trading surging in India, it doesn’t make sense for the government to limit cryptocurrencies. The government also used vague lanuage around what the ban actually meant and what are they are looking to archive - We’ll have to wait and see how this plays out.

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What you Should Know About Ethereum and The Blockchain

In as much as a lot of people engage in crypto currency market, only a few of them understand what it is all about. With just the simple basics, most of them feel that they have a whole idea of what crypto currency market is all about. Little did they know that there is more to crypto currency than meets the eye. It seems like a majority of those trading crypto currency are already overwhelmed with the rapid rise in value of the same hence overlooking the whole meaning of their trade.

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Banana-based cryptocurrencies - is there a limit to what people create on the Blockchain?

Bananacoin is a real cryptocurrency that is tied to, you guessed it, bananas. It is an Ethereum-based token that has been on the market since all the way back in 2017 and is tied in price to a kilogram of bananas. HuffingtonPost calls attention to the token in this article. Jokes aside, this does pose an interesting question: how does one distinguish what has value and what doesn’t? Are wild ideas such as this one even worth considering?

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