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Cryptocurrencies Could Reach $5 Trillion in 5 Years, Says Wall Street Billionaire Bitcoin Investor

Cryptocurrencies Could Reach $5 Trillion in 5 Years, Says Wall Street Billionaire Bitcoin Investor   Billionaire investor Michael Novogratz, a former hedge fund manager who has been supportive of bitcoin, claims cryptocurrencies could be worth more than $5 trillion in five years, speaking at the CB Insights Future of Fintech conference in New York, Get exclusive analysis of bitcoin and learn from our trading tutorials. Join Hacked.com for just $39 now. For this to happen, companies have to develop business…

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Beware Cryptocurrency Gold Rush Mentality

Beware Cryptocurrency Gold Rush Mentality On one hand, it's hard for many investors not to be excited about the meteoric rise of cryptocurrencies in the past few months. Bitcoin has roughly tripled in value since the beginning of the year, Ethereum is up by about 40 times, and Ripple, one of the newest arrivals on the scene, gained a shocking 3800%. What's more, the total market cap for the cryptocurrency industry has been steadily increasing as well, and more and…

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Market Turns Green

Market Turns Green The cryptocurrency market takes a turn to the green, led by Ethereum and Bitcoin. After two days of the so-called ‘crypto correction’ in the final days of June, the wider cryptocurrency market is seemingly back on a comeback trial as all top ten cryptocurrencies by market cap make gains over a 24-hour period. According to CoinMarketCap, all but two of the top 50 cryptocurrencies have taken a positive turn during Tuesday’s trading period. At press time, only…

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IMF Urges Banks to Invest In Cryptocurrencies

IMF Urges Banks to Invest In Cryptocurrencies   A June 2017 staff discussion note from the International Monetary Fund (IMF) suggests that banks should consider investing in cryptocurrencies more seriously than they have in the past. According to the IMF staff team responsible for the note, including prominent economists such as Dong He, Ross Leckow, and Vikram Haksar, "rapid advances in digital technology are transforming the financial services landscape." These members of the IMF feel that such transformations generate new…

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Why Just Holding Cryptocurrency Will Change the World

Why Just Holding Cryptocurrency Will Change the World   Cryptocurrency, digital assets run by blockchain distributed ledger technology, have some pretty revolutionary features and use cases. They can cheaply and permanently send wealth faster than anything else. They can cryptographically prove your identity. They can run self-executing smart contracts instead of relying on an enforcement mechanism when people don’t keep to their deals. But what if I told you that one of the most world-changing things about digital currencies is…

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Cryptocurrencies Continue Recovery, Resume 2017’s Growth Trend

Cryptocurrencies Continue Recovery, Resume 2017’s Growth Trend Cryptocurrencies continued their recovery from last week’s massive price fallout, resuming the upward trend that has characterized 2017. All but 12 of the top 100 cryptocurrenices posted gains in the last 24-hour period.   Market leaders bitcoin and Ethereum had the smallest gains the last 24-hour period, with the former adding 0.88 points and the latter 1.15 points and market caps of $45 billion and 31.7 billion, respectively. Bitcoin’s price reached $2,760.61, attempting…

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Cryptocurrency: How We Hook the Masses

Cryptocurrency: How We Hook the Masses In this opinion piece, Svinkin argues that using cryptocurrencies for rewards schemes can demonstrate the value of the technology and ultimately help bring mass adoption. Before the hype and before the price explosions of the past year, I sat down and looked at cryptocurrencies from a UX perspective. That post, published on CoinDesk, offered a simple central premise: the entire bitcoin project was envisioned, designed, built and released as a peer-to-peer value exchange system.…

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Bitcoin Will Make Lots of Millionaires Before “Returning Down to Earth”: Economics Professor

 Bitcoin Will Make Lots of Millionaires Before “Returning Down to Earth”: Economics Professor   Despite its price volatility, Bitcoin is likely to make more millionaires. Panos Mourdoukoutas, chair of the department of economics at LIU Post in New York City, whose works are published by Forbes and The New York Times, thinks Bitcoin is likely to turn more individuals into millionaires before its price dives again. Bitcoin recently reached an all-time high of $3,000 this June after a huge…

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Teenage bitcoin millionaire can see the cryptocurrency’s value shooting as high as $1 million

Teenage bitcoin millionaire can see the cryptocurrency’s value shooting as high as $1 million If this teen entrepreneur, high-school dropout and bitcoin millionaire has any predictive powers at all, then we’ve hardly seen the top of the market for the hot cybercurrency. Meet Erik Finman, who started picking up bitcoin at $12 apiece back in May 2011, when he was just 12, riding a hot tip from hits brother Scott and a $1,000 gift from his grandmother, he told CNBC.…

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Ripple Cryptocurrency Aims to Make Global Assets Liquid

Ripple Cryptocurrency Aims to Make Global Assets Liquid   One one level, Ripple is another cryptocurrency in an ever-growing list of fledgling products, hoping to earn a place in the wider world of business and finance. While the value of Ripple's currency, XRP, is well below $1 per unit, making it a mere fraction of the value of Ethereum or Bitcoin, Ripple nonetheless sports the third-largest portion of market capitalization as compared with the rest of the cryptocurrency industry. But aside…

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