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Monthly Archives: February 2018

Crypto’s Substantially Volatile | Could Result in Complete Losses

Cryptocurrencies are one of the most substantially volatile investments in the world. The investment in Bitcoin (BTC) and other digital currencies has the potential to generate big profits for investors but the risk of losing the entire investment is equally high.These currencies have the history of making volatile upside and downside movements – they can add or erase billions of dollars ...

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Cryptocurrency Gets Favorable Nods in Wyoming and South Korea

Cryptocurrency regulations has been a roller coaster ride, but recent developments point towards favorable environments in South Korea and Wyoming, USA. South Korea’s Financial Supervisory Service (FSS) chief Choe Heung-sik said that the government will support “normal transactions” of cryptocurrencies, suggesting that the government will encourage the growth of the crypto market under KYC regulations. Since January 30, South Korean ...

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Japanese Energy Company Entering the Mining Business

Kumamoto Energy entering the mining business made headlines this week. The Japanese company plans to set up a subsidiary company, wholesale their surplus electricity at a reduced price, and use it for mining cryptocurrencies. Kumamoto Energy is a so-called unconventional energy company that uses solar power to provide electricity. However, given the nature of energy generation, it has limitations when ...

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Don’t Tell Jamie! JPMorgan Admits Cryptocurrencies Could Disrupt Banks

Get Trading Recommendations and Read Analysis on Hacked.com for just $39 per month. JPMorgan Chase, the largest bank in the US, has formally acknowledged that cryptocurrencies and blockchain technology could disrupt banks. JPMorgan Admits Cryptocurrencies Could Disrupt Banks The firm made this admission in its annual report, which was dated Feb. 27 and filed with the US Securities and Exchange ...

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Porsche and XAIN Testing IoT, AI, Blockchain Technology Solutions for Smart Cars

Porsche is currently testing in-car blockchain applications. The company announced that it will be the the first major carmaker to implement and successfully test blockchain technology in a car. “We can use blockchain to transfer data more quickly and securely, giving our customers more peace of mind in the future, whether they are charging, parking or need to give a ...

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LitePay Postpones Litecoin Debit Card Plans Due to Issues with Card Issuer – The Merkle

Litecoin users were quite excited regarding the imminent launch of LitePay. This new service brings LTC to more consumers and retailers, and the associated payment card would have made it easier to spend cryptocurrencies as well. Unfortunately, this new service has been put on hold indefinitely. A lot of people are disillusioned by this turn of events, which is only to ...

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Cryptocurrency Miners Bought 3 Million GPUs in 2017, Research Reveals

Get Trading Recommendations and Read Analysis on Hacked.com for just $39 per month. As covered by CCN, last year’s cryptocurrency mining ‘boom’ has led to a shortage in the GPU market. So much so that reports suggest using GPUs to mine cryptocurrencies is stopping us from finding aliens, as these are also used in observatories. New data shows crypto miners ...

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US Justice Department Will Focus On Potential Cryptocurrency Regulation

Regulating cryptocurrencies is not straightforward by any means. Various governments around the world are focusing their attention on achieving this goal. The US Justice Department is currently working on a so-called “comprehensive strategy”. It is a bit unclear what this entails exactly. We do know the road ahead will not be easy. The US Justice Department and Cryptocurrencies Given the ...

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Bill Gates Slams Cryptocurrency in Reddit AMA: Calls It ‘super risky’

Cryptocurrencies have faced some harsh scrutiny over the past couple of months. From crackdowns in China and Texas to ICO scams and market slumps, digital currencies are becoming increasingly infamous. And now, Microsoft co-founder Bill Gates has voiced a particularly startling criticism of the technology. In a Reddit AMA (Ask Me Anything) today, the software entrepreneur and world’s richest man ...

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New “Sovereign” Cryptocurrency Will Be Legal Tender in the Marshall Islands — Bitcoin Magazine

The Republic of the Marshall Islands (RMI), an island country located near the equator in the Pacific Ocean with a population of about 50,000, is poised to become the first sovereign nation to issue a cryptocurrency that will be legal tender. The new currency is called “Sovereign” with the symbol “SOV.” The SOV, which will be distributed to the public ...

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