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Ripple has risen by almost 3,000% this year

July J, 2017

Ripple has risen by almost 3,000% this year It’s not just Bitcoin and Ethereum posting astonishing gains. Ripple, a cryptocurrency based out of San Francisco, has risen in value by almost 3,000% this year. One Ripple token, known as XRP, is currently valued at just below US20 cents. XRP started the year at the fractional value 0.0065, but experienced rapid growth in the June quarter as transaction volumes increased. According to a report by CNBC, that growth was…

The crypto-currency craze

July J, 2017

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The crypto-currency craze In the late 1990s, as investors woke up to the promise of the internet, shares in any company with dot.com after its name soared to giddy heights. Then the bubble burst. Now there are warnings of another technology investment bubble – this time related to the fascination with crypto-currencies such as Bitcoin. On the Tech Tent podcast this week, we examine the phenomenon of ICOs – Initial Coin Offerings – which have seen over $1bn raised…

Bitcoin is booming because a split in the cryptocurrency has been narrowly averted

July J, 2017

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Bitcoin is booming because a split in the cryptocurrency has been narrowly averted Bitcoin has risen as much as 28% over the past 24 hours, driven by news that an imminent split in the cryptocurrency has been narrowly averted. The price of bitcoin nearly hit $3,000 late on July 20, within spitting distance of its all-time high, set last month. The remarkable rally took place as bitcoin’s miners coalesced around one of several competing proposals that would increase the…

Bitcoin recovers from crash to surge above $2,500

July J, 2017

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Bitcoin recovers from crash to surge above $2,500 BITCOIN'S price has continued to bounce back, and rocketed by around 40 per cent over the last three days as it recovers from lows seen at the start of the week. The cryptocurrency jumped above $2,500 towards $2,600, after touching lows of $1,852 on July 17. Traders were spooked by fears that Bitcoin could be split. But the recovery has been helped after software has helped bridge the gap…

From Mining to Investing in Cryptocurrency

July J, 2017

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From Mining to Investing in Cryptocurrency What Is Mining Mining is the process by which transactions of crypto currencies are secured. For this purpose, the miners carry out mathematical computations for the network with their computer equipment. As a reward for their services, they collect the newly created coins, as well as the fees associated with the transactions they confirm. In this sense, miners are competing and their incomes are proportional to the computing power they deploy. To better…

Are Cryptocurrencies Recovering or is This a Dead cat Bounce?

July J, 2017

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Are Cryptocurrencies Recovering or is This a Dead cat Bounce? No one can say there is such a thing as a boring day in the world of Bitcoin and cryptocurrency. After the onslaught of price declines throughout the weekend, we kick off this Monday on a positive note. All currencies are seemingly recovering their losses. The Bitcoin price surpassed US$2,000 again, but it looks like Ethereum is the winner of the day so far. Other currencies all doing quite…

3 reasons cryptocurrency prices are in free fall

July J, 2017

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3 reasons cryptocurrency prices are in free fall Whether it be Bitcoin or Ethereum, every cryptocurrency has suffered massive losses over the past several days. Prices have dropped to as low as 64 percent, bringing the entire cryptocurrency market cap down to $70 billion from $110 billion. Ethereum’s price has gone from $400 right down to $151 in about a month, leading investors to panic sell. On the other hand, Bitcoin, which dominates the cryptocurrency market is down about 36…

Cryptocurrency fall continues ahead of Bitcoin’s ‘civil war’ conclusion on Aug 1- Ether below $200

July J, 2017

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Cryptocurrency fall continues ahead of Bitcoin's 'civil war' conclusion on Aug 1- Ether below $200 Bitcoin prices fell below USD 2,100 today and are inching towards breaking the USD 2,000 level, as bears continue their rampage on cryptostreet. Cryptocurrencies continue to bleed as speculators remain jittery ahead of bitcoin’s scaling debate conclusion on August 1. The total market cap has dropped by USD 9 billion, a 11 percent fall, in the past 24 hours, according to coinmarketcap.com. Bitcoin prices fell…

Cryptocurrency Investors Must ‘Be Prepared to Lose Everything’

July J, 2017

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Cryptocurrency Investors Must 'Be Prepared to Lose Everything' Potential investors in cryptocurrencies should focus on finding a great new concept rather than rushing to buy volatile Bitcoins, Dr. Campbell Harvey told Radio Sputnik. The market in Bitcoin and other cryptocurrencies has been subject to remarkable growth but also volatility in recent months. On June 11, the price of Bitcoin peaked at $3,019, an increase of more than 300 percent since the beginning of the year. However, the price…

Ethereum’s share of the cryptocurrency market has exploded

July J, 2017

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Ethereum's share of the cryptocurrency market has exploded Ethereum is gobbling up share in the cryptocurrency market. A new report by Autonomous NEXT, a financial technology analytics service, shows that Ethereum's percentage of the total cryptocurrency market has sharply risen since the beginning of the year. In January it stood at approximately 5%. As of June 22, its marketcap as a percentage of the entire market rose to 30%. Ethereum's impressive rise has led to a dramatic fall in…