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Is Solar-Powered Cryptocurrency Mining the Next Big Thing

July J, 2017
Market Hive
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Is Solar-Powered Cryptocurrency Mining the Next Big Thing Cryptocurrency mining is a difficult and costly activity. Miners must pay to build rigs capable of vast amounts of processing power, and then the rigs themselves must be powered with large quantities of electricity. It's all a careful balance between how much the operation costs and how much profit it is able to generate. (See also: What Happens to Bitcoin After All 21 Million are Mined?)   With mining operations for Ethereum,…

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China and Japan Are Largely Responsible for the Current Success of Cryptocurrency

July J, 2017
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China and Japan Are Largely Responsible for the Current Success of Cryptocurrency   The adoption of digital currencies on both the individual and institutional level in China and Japan is propelling cryptocurrencies to ever greater heights. However, some are still skeptical that they are the finance systems of the future due to their current volatility.   CHINA AND JAPAN’S CRYPTO CRAZE   The age of cryptocurrencies is upon us, and two countries in particular have been instrumental in their stratospheric…

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How Balanced Cryptocurrency Portfolio Looks Like: Investment Tips

July J, 2017
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How Balanced Cryptocurrency Portfolio Looks Like: Investment Tips A large number of investors have started to purchase cryptocurrencies as a short-term and long-term investment, a safe haven asset and an experimental investment to develop a proper understanding of the market and the technology behind cryptocurrencies such as Bitcoin. As a result, even the initial coin offering (ICO) market, which is yet to showcase a viable product or a decentralized applications with an actual active user base, have begun to attract…

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Bitcoin could nearly double and reach $5,000 soon, says Standpoint Research

July J, 2017
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Bitcoin could nearly double and reach $5,000 soon, says Standpoint Research   Bitcoin traded near $2,600 Wednesday, according to CoinDesk. Standpoint Research founder Ronnie Moas said the digital currency could rise to $5,000 "in a few months." "This is not something I could keep my hands off of," Moas said. Stock research analyst Ronnie Moas said he bought bitcoin this weekend and thinks it could reach $5,000 within a year.   "$5,000 could happen in a few months. It's only…

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Bitcoin and Decentralized Networks are the Future, Says University Professor

July J, 2017
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Bitcoin and Decentralized Networks are the Future, Says University Professor   Lorenzo Fioramonti, Professor of Political Economy at the University of Pretoria (South Africa), who also directs the Centre for the Study of Governance Innovation, recently published a write-up stating that money systems are in the process of transitioning from “centralized authority to decentralized networks.” Cryptocurrencies represent a significant part of such decentralized networks. According to Fioramonti, there is a growing demand for digital currencies. On one hand, he exemplified…

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Bitcoin Could Hit Near $4,000: Goldman Sachs’ Chief Analyst

July J, 2017
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  Bitcoin Could Hit Near $4,000: Goldman Sachs’ Chief Analyst   Although bitcoin price has grown 3x at peak levels this year, better gains are yet to come, according to Goldman Sachs’ chief technician.   Bitcoin has been on a historic tear in 2017. After ringing in the year at $1,000 on the very first day of January, bitcoin price reached an all-time high of $3,000 in mid-June. The remarkable rise amid an overall boom period for cryptocurrencies has seen…

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Ethereum Price Drops Below $300 Amid Technical Issues and Cryptocurrency ICO Hype

July J, 2017
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Ethereum Price Drops Below $300 Amid Technical Issues and Cryptocurrency ICO Hype     Things are not looking all that great for Ethereum right now. The popular cryptocurrency suffered a major crash not too long ago and it remains the market is still recovering. The past two days have heralded another downturn for Ether, making it highly doubtful Ethereum will pass Bitcoin in market cap anytime soon. It seems safe to say more volatility is on the horizon for Ethereum…

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

June J, 2017
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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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IMF Urges Banks to Invest In Cryptocurrencies

June J, 2017
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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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Cryptocurrencies Continue Recovery, Resume 2017’s Growth Trend

June J, 2017
Market Hive
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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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