2017 was the year cryptocurrency speculation went mainstream, which is something many bitcoiners have been yearning to happen for years. But going mainstream means that the market is no longer dominated by cryptocurrency enthusiasts, and until Wall Street steps in, we’re simply going to have to accept that mainstream speculators with little knowledge of cryptocurrencies […]
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Most cryptocurrency enthusiasts are well aware that BitConnect is a very problematic venture. Some people even call it an outright scam, although others still seem to be making money off it without any problems. The Texas Securities Commissioner recently sent the company an emergency cease and desist order. It’s a very big step toward shutting this dubious program down once and for all. Curtain Call for the BitConnect Scheme? Ever since the BitConnect program came to market, people have publicly voiced their concerns over this possible Ponzi scheme. It looks and feels almost identical to OneCoin, with the exception that people can actually trade
The year 2017 provided cryptocurrency enthusiasts with a lot of interesting statistics to keep an eye on. Although it is evident that a lot of currencies gained a lot of value, there are plenty of altcoins which flew under the radar despite their gains. Moreover, a lot of the top 300 cryptocurrencies were created in the year 2017, which is both exciting and worrisome at the same time. Whether or not the year 2018 will yield similar returns has yet to be determined. For now, things are certainly looking up. A Recap of the Year 2017 for Altcoins Although we already
Gauging the actual value of any cryptocurrency has always been difficult. Many people look at the market cap or the value per coin. Others look at the number of network transactions and how many merchants accept it as a form of payment. Another area worth looking into is how many commits and merges are conducted by people contributing to individual currencies and projects. When looking at this metric, there are some interesting trends in existence right now. Github Activity is Meaningful Although the activity on GitHub is not the primary indicator of any cryptocurrency’s value, it’s not something that should be overlooked either. It should be
Ripple is the talk of the town these days. Although not everyone may see the added value of this project right away, it is evident that the markets have responded positively to the company’s developments. In fact, a recent tweet by the company suggests that the year 2018 will be pretty interesting for Ripple and XRP. In fact, its CEO claims that three of the top five global money transfer companies will use XRP moving forward. What Does the Future Hold for Ripple? Projects such as Ripple are very different from more traditional forms of digital money. Especially when it comes to
The Indian government has been cracking down on cryptocurrency-related tax evasion. While the tax authority has notified crypto exchanges and wealthy traders that they must pay taxes, no clear guidelines have been provided. Indians are confused about how cryptocurrencies are taxed and seven bitcoin exchanges are asking the regulators for clarification. Also read: Russian Regulators Draft […]