Top Two Crypto Buys: Monero (XMR) and Ethereum (ETH)

The cryptocurrency space has taken something of a hit over the last twenty-four hours, with many of the major assets currently in the red as compares to pricing this time yesterday. In fact, take a look at the top thirty coins by market cap and only one – Tether (USDT) – currently sits in the green, with even that gaining less than 1% and, in all honesty, Tether isn’t really a coin that can be looked at from a movement/implications…

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Bitcoin Now Accepted at Leading Japanese Electronics Chain

On January 26, 2018, Yamada Denki, one of the biggest consumer electronics chains in Japan, announced that it is going to start accepting bitcoin payments at two of its largest stores in Tokyo. A press release explains this new option is currently a trial but is expected to expand nationwide in the future. Yamada Denki is offering this “bitcoin settlement service” in cooperation with bitFlyer, which is Japan’s largest bitcoin exchange, based on trading volume. Yamada Denki Supports Bitcoin Implementation…

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Class Action Suit Filed Against BitConnect by Investors Following Closure

Following the sudden closing down of BitConnect, an exchange and lending platform for cryptocurrencies, a group of investors began legal proceedings recently to get back their funds according to a document that was made public. This is a class action case, and it was filed on January 24, 2018, with the Southern District Court of Florida. It is alleged that the BitConnect platform had been issuing digital tokens that were seen to be unregistered securities and they had also received…

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Cardano: A New Disruptor in the Cryptocurrency Market?

Cryptocurrencies have been all the hype in the world of finance during the last 12 months. Whilst Bitcoin may instantly spring to mind when one thinks about digital currencies, over 1,000 currently exist in the cryptosphere. One cryptocurrency that has considerably surged in price since the tail end of last year has been Cardano, dubbed the ‘third generation’ cryptocurrency. Its meteoric increase in price has indeed been impressive – since late November last year, the price surged from $0.03 to a high…

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Rumour: Is Facebook About To Adopt Litecoin (LTC)?

Back in December, Charlie Lee announced on Reddit that he had offloaded his Litecoin (LTC) holdings, citing a potential conflict of interest between his continued behind-the-scenes and public activity in the space and the future of LTC from a price perspective. Here’s what he said: “So in a sense, it is conflict of interest for me to hold LTC and tweet about it because I have so much influence… or this reason, in the past days, I have sold and donated all…

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Here’s Why TRON (TRX) Looks Incredibly Cheap Right Now

Everyone is talking about TRON (TRX). At the start of December, this coin went for less than half a cent. By January 5, TRX was trading for $0.26 apiece and boasted a market capitalization in excess of $17 billion. The wider crypto space has corrected subsequent to these highs and TRX was far from insulated from the decline, now trading for just shy of seven cents a coin. Even subsequent to a more than 70% decline, however, TRX remains up…

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BitFlyer Granted EU Operational License, Now ‘Most Compliant’ Crypto Exchange

Tokyo-based crypto exchange bitFlyer was issued a Payment Institution license to operate in the European Union, the exchange reported Monday, Jan. 22. The license was granted to the exchange by the Luxembourg regulator, Commission de Surveillance du Secteur Financier (CSSF). BitFlyer, which entered the US market compliantly as of fall 2017, already operates in Japan under a license granted by the Financial Services Agency (FSA). Yuzo Kano, the founder and CEO of bitFlyer, said in the press release, “I am proud that we are now the most compliant…

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Now Is The Best Time To Invest In Bitcoin

Market watchers should invest in bitcoin now that prices are down, says BK Capital Management founder Brian Kelly. “Now, when everyone is saying … it’s over, that’s it, bitcoin is dead, for the 175th time. Now’s the time you start looking at it, on the buy side,” Kelly, portfolio manager of the BKCM Digital Asset Fund, told CNBC on Tuesday. With uncertainty over the regulatory environment of digital currencies in South Korea and China, Kelly pointed out that cryptocurrency is in a “hand-off” period, moving from retail Asian…

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50 Cent was the first rapper to be paid in bitcoin

50 Cent was the first rapper to be paid in bitcoin and it really worked out for him. His 700 bitcoins are worth a lot now. In 2014, 50 Cent became the first rapper to accept bitcoin as payment for his work, according to TMZ. He was paid about 700 bitcoins for sales on Animal Ambition, which at the time were worth about $662 per bitcoin. Now, those very same bitcoins are worth between $10k and $12k, meaning 50 Cent…

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Kodak Is Launching Own Cryptocurrency

U.S. technology firm Kodak has announced that it will launch its own cryptocurrency, with plans to host an initial coin offering (ICO) at the end of January. In an official announcement, Kodak said the cryptocurrency would underpin “an encrypted, digital ledger of rights ownership for photographers.” Kodak is working with a company called WENN Digital on the initiative. The idea is that photographers could use Kodak’s forthcoming blockchain to register works, with “KODAKCoin” functioning as a medium of exchange on…

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