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Why the Huge Slump Was Necessary for the Success of Cryptocurrency – The Merkle

Dark clouds have hovered over the cryptocurrency universe for most of this year. Having risen to record highs in the last few weeks of last year, it was widely expected that cryptocurrencies would maintain their market values and even rise higher. Many analysts went on TV shows and predicted that Bitcoin’s price would approach $50,000 by the end of the first quarter, and ...

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Currency Hits $8,900 – The Merkle

At press time, bitcoin has swelled past the $8,900 mark, and it is expected to surpass $9,000 by early next week. Since yesterday, it has risen by over $100. In addition, the cryptocurrency market has jumped from roughly $324 billion to $385 billion since April 16, marking a $60+ billion spike in less than seven days. One of the reasons ...

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The Truth We Don’t Want to Hear – The Merkle

In the year 2017, cryptocurrencies truly made their mark. Going from a relatively unknown technology that only a few elite minds and nerds understood, cryptos became a household name in which everyone was interested. The number of Google searches for ‘What is Bitcoin’ quadrupled in the last month of the year as people sought to learn more about what this revolutionary ...

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How Did Marijuana Coins React to 4/20? – The Merkle

Every year, marijuana coins receive the spotlight as speculators and spectators look to see how markets fluctuate in response to April 20. These coins, which include PotCoin (POT), CannabisCoin (CANN), and HempCoin (THC), have historically seen large volumes in response to the date colloquially known as “420 Day”. Unfortunately, 2018’s April 20 was a difficult day for marijuana coins across the board. ...

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The Emergence of Mining as an Ecosystem – The Merkle

Cryptocurrency mining was first introduced through Bitcoin’s Proof-of-Work (PoW) algorithm, and has since been adopted by hundreds of other cryptocurrencies. Since its inception, miners have primarily supported platforms based on their profitability, following the coins whose miner returns offer the highest returns on investment. However, profitability’s dominance is gradually being replaced by other incentives, as projects look to garner more support by ...

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LedgerX Bitcoin Derivatives Are a Hot Commodity Right Now – The Merkle

The global demand from investors and speculators for Bitcoin has been rising steadily. After 2017’s crazy bull run, no one wants to miss out on the next leg up. Despite all of the hardship during Q1 of 2018, it seems things are looking up again. LedgerX has confirmed that its Bitcoin derivatives trading volume is increasing rapidly. Bitcoin Derivatives Are Very Popular Providing ...

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Research Shows Technology Professionals Are Confident Blockchain Is the Next Big Thing – The Merkle

There has been a lot of positive attention directed toward blockchain technology for quite some time now. New research by Intrinsic Insights confirms that technology professionals firmly believe this technology will cause as much disruption as the internet has over the years. It’s an interesting sentiment, especially given the blockchain’s lack of real-world use cases. The Blockchain Hype may be Justified Anyone ...

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Binance Is Not Adding USD Trading Anytime Soon – The Merkle

In the world of innovative technologies and cryptocurrency, there is often a lot of misinformation to contend with. It seems some people are spreading fake rumors about Binance adding USD trading markets for some of its supported currencies. Additionally, the firm has no plans to open XVG or XRP pairs as secondary or tertiary markets either. Binance is in Talks With ...

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