Category: Cryptocurrency Review

How to hold cryptocurrency in a retirement account – without fees

How to hold cryptocurrency in a retirement account – without fees

More and more, both young and old are seeking to diversify retirement funds into nontraditional assets. It’s natural then, that many savvy investors are looking to cryptocurrency. With a potential for tremendous appreciation, it can make sense to invest in cryptocurrency through an IRA so that those gains will escape taxation.

CSI crypto: Can victims recover stolen coin?

CSI crypto: Can victims recover stolen coin?

An uptick in digital heists of virtual currencies has left many crypto investors wondering if they have any options for tracing illicit Bitcoin transactions and recovering their stolen funds. The short answer is that ‘it’s possible, but difficult.’ The long answer is that ongoing developments in the regulatory landscape surrounding cryptocurrency may offer victims more recourse going forward.

Bitcoin cracks 5K — hits all-time high

Bitcoin cracks 5K — hits all-time high

After threatening to crack the $5000 ceiling in early September, Brave New Coin’s BLX index shows the price of Bitcoin (BTC) has exceeded US$5000 for the first time in the currency’s history. The record-breaking shift occurred after heavy trading on October 12th beginning around 4 am eastern time in the US. Trading volumes have remained high throughout the day.

Bitcoin Core developers issue Segwit2x hard fork warning

Bitcoin Core developers issue Segwit2x hard fork warning

On Wednesday morning, the Bitcoin Core development team released a rare statement concerning the safety of Bitcoin users’ coins during the potential hard fork for Segwit2x, which is scheduled to occur in November. The developers state that the hard fork is not supported by the majority of the Bitcoin users and developers, which makes it contentious, and therefore puts many user’s bitcoins at risk if they store them with the wrong services.

Private Instant Verified Transaction(X) Price Analysis

Private Instant Verified Transaction(X) Price Analysis

Private Instant Verified Transaction(X) (PIVX) currently has a market cap of US$202 million. The asset spiked in February of this year, yielding a 72x return.PIVX is a fork created from Bitcoin and DASH, originally released as Darknet in February 2016 and later rebranded. The main goals and benefits of PIVX are similar to DASH, instant private transactions with a decentralized, community-driven governance model. This is achieved through a Proof of Stake (PoS) consensus algorithm which also uses Masternodes requiring 10,000 PIVX (US$37,000). There are currently 2,045 PIVX Masternodes which lock up 20,450,000 of the total supply, or about 27%.

Litecoin Price Analysis – Bull trend losing steam

Litecoin Price Analysis – Bull trend losing steam

Litecoin (LTC) now has a market cap of US$2.68 billion, up from US$206 million in April of this year. After posting a new all time high in the beginning of September, the market has retraced and largely trended sideways.Litecoin hash rate and difficulty continue to rise steadily on the SegWit enabled network. The Litecoin block reward is due to halve around August 2019. LTC transfers about a tenth of the transactions processed by either Bitcoin (BTC) or ETH per day.

Vanuatu becomes the first country to accept bitcoin for citizenship

Vanuatu becomes the first country to accept bitcoin for citizenship

Earlier this week, Vanuatu became the first sovereign nation to accept bitcoins in return for granting citizenship through its DSP Citizenship Program.The Chairman of the Vanuatu Information Center (VIC) – which oversees Vanuatu citizenship applications –  Geoffrey Bond, had sent an official request earlier this month seeking permission to accept bitcoin as a form of payment. Andrew Solomon Napuat MP, the Parliamentary Secretary to the Prime Minister of Vanuatu, affirmed the decision last week. 

Ripple Price Analysis – Trend reversal likely

Ripple Price Analysis – Trend reversal likely

Ripple (XRP) has broken out of its sideways consolidation, and retraced the entire breakout. The cryptocurrency’s market cap now stands at US$25 billion, third overall, largely based on its ~100 billion XRP supply.Unlike most cryptocurrencies XRP does not use a Proof of Work or Proof of Stake consensus algorithm but instead uses consensus. For this reason, there are no available mining or staking statistics, but figures are available for transactions per day, which have declined since the beginning of 2017. Most of these transactions represent the OfferCreate function, or currency exchange.

Starships and Tokens; A Path to Human Self-Actualization

Starships and Tokens; A Path to Human Self-Actualization

Many humans don’t settle for just barely scraping by; they improve themselves towards self-actualization. Could we do the same at the level of civilization? Rather than merely avoiding disasters, let’s truly reach for the stars.In this essay, I describe a decentralized system for humanity to collectively graph the steps towards self-actualization, from conquering malaria and a shared planetary database, to universal basic income and even asteroid mining.

Bitcoin Price Analysis – Bullish continuation

Bitcoin Price Analysis – Bullish continuation

Bitcoin has now recovered most of the 40% decline which occurred throughout the month of September, which was largely due to regulatory news out of China. The leading crytocurrency’s market cap now stands at US$75 billion.As the first successful decentralized cryptocurrency, Bitcoin has traditionally dominated the market, largely due to first mover advantages including network effect. While the open source project continues to attract more capital, more and more competitors, alternatives, and ICOs have done the same. Bitcoin’s market share has eroded significantly in 2017.

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