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Coinranking – Cryptocurrency prices

Base currencyUSD – US dollarEUR – EuroJPY – Japanese yenBGN – Bulgarian levCZK – Czech korunaDKK – Danish kroneGBP – Pound sterlingHUF – Hungarian forintPLN – Polish zlotyRON – Romanian leuSEK – Swedish kronaCHF – Swiss francNOK – Norwegian kroneHRK – Croatian kunaRUB – Russian roubleTRY – Turkish liraAUD – Australian dollarBRL – Brazilian realCAD – Canadian dollarCNY – Chinese yuan renminbiHKD – Hong Kong dollarIDR – Indonesian rupiahILS – Israeli shekelINR – Indian rupeeKRW – South Korean wonMXN – Mexican pesoMYR – Malaysian ringgitNZD – New Zealand dollarPHP – Philippine pesoSGD – Singapore dollarTHB – Thai bahtZAR – South African randBTC – BitcoinETH – Ethereum

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Coinranking – Cryptocurrency prices

Cryptocurrency sell-off continues as bitcoin, ethereum sink

Bitcoin fell below $10,000 for the first time since November, as a sell-off in cryptocurrencies continued for a second day.

The world’s largest cryptocurrency dived as low as $9,199.59 Wednesday morning, falling almost 19 percent within 24 hours, according to CoinDesk data. CoinDesk tracks prices from cryptocurrency exchanges Bitstamp, Coinbase, itBit and Bitfinex. Bitcoin then recovered slightly to $10,123 at 11:56 a.m. ET.

The last time bitcoin fell below the $10,000 mark was November 30. The red-hot digital asset soared to a record high of $19,783.21 on CoinDesk last month, but has since been on a gradual decline. At its current price, it is now down almost 50 percent from that all-time high.

More than $30 billion was shaved off the cryptocurrency’s market value in the last 24 hours.

“Focus has shifted to negative regulation with headlines out of South Korea, China, and even minor headlines from France and the U.S.,” Ari Paul, chief investment officer at cryptocurrency investment firm BlockTower Capital, said in an email. “These headlines are having an outsized effect because cryptocurrency as a whole was overbought and sentiment reached exuberant levels, setting the stage for the violent correction that we’re seeing.”

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Cryptocurrency sell-off continues as bitcoin, ethereum sink

List of cryptocurrencies – Wikipedia

This is a list of cryptocurrencies. The number of cryptocurrencies available over the internet as of 7January2018[update] is over 1384 and growing.[1] A new cryptocurrency can be created at any time.[2] By market capitalization, Bitcoin is currently (January 6, 2018) the largest blockchain network, followed by Ethereum, Ripple, Bitcoin Cash, Cardano, and Litecoin.[3]

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List of cryptocurrencies – Wikipedia

Cryptocurrency Definition | Investopedia

What is a ‘Cryptocurrency’

A cryptocurrency is a digital or virtual currency that uses cryptography for security. A cryptocurrency is difficult to counterfeit because of this security feature. A defining feature of a cryptocurrency, and arguably its most endearing allure, is its organic nature; it is not issued by any central authority, rendering it theoretically immune to government interference or manipulation.

The anonymous nature of cryptocurrency transactions makes them well-suited for a host of nefarious activities, such as money laundering and tax evasion.

The first cryptocurrency to capture the public imagination was Bitcoin, which was launched in 2009 by an individual or group known under the pseudonym Satoshi Nakamoto. As of September 2015, there were over 14.6 million bitcoins in circulation with a total market value of $3.4 billion. Bitcoin’s success has spawned a number of competing cryptocurrencies, such as Litecoin, Namecoin and PPCoin.

Cryptocurrencies make it easier to transfer funds between two parties in a transaction; these transfers are facilitated through the use of public and private keys for security purposes. These fund transfers are done with minimal processing fees, allowing users to avoid the steep fees charged by most banks and financial institutions for wire transfers.

Central to the genius of Bitcoin is the block chain it uses to store an online ledger of all the transactions that have ever been conducted using bitcoins, providing a data structure for this ledger that is exposed to a limited threat from hackers and can be copied across all computers running Bitcoin software. Many experts see this block chain as having important uses in technologies, such as online voting and crowdfunding, and major financial institutions such as JP Morgan Chase see potential in cryptocurrencies to lower transaction costs by making payment processing more efficient.

However, because cryptocurrencies are virtual and do not have a central repository, a digital cryptocurrency balance can be wiped out by a computer crash if a backup copy of the holdings does not exist. Since prices are based on supply and demand, the rate at which a cryptocurrency can be exchanged for another currency can fluctuate widely.

Cryptocurrencies are not immune to the threat of hacking. In Bitcoin’s short history, the company has been subject to over 40 thefts, including a few that exceeded $1 million in value. Still, many observers look at cryptocurrencies as hope that a currency can exist that preserves value, facilitates exchange, is more transportable than hard metals, and is outside the influence of central banks and governments.

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Cryptocurrency Definition | Investopedia

CryptoCurrency.org – Coming soon

There is a lot of inaccurate, unverifiable information shared on the internet, which is thought as accurate to many. It helps spreading of scam coins, what means danger for the whole market.

Our organizations purpose is the validation of the whole cryptocurrency market.

The website is launching shortly!

Dont miss the chance to subscribe to our newsletter, and yet you could browse our social media sites:

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CryptoCurrency.org – Coming soon

Cryptocurrency – IC Markets

Unlike other asset classes (FX, Equities, Commodities, etc.), the Cryptocurrency market is dominated by retail speculators. With Cryptocurrencies, youll trade in a market where there is no central bank intervention, interbank dealers controlling order flow or giant pension funds moving prices.

Price movements on Cryptocurrencies like Bitcoin or Ethereum are driven primarily by news and prevailing sentiment, i.e. the fear and greed of retail speculators. These sometimes dramatic shifts can lead to massive intraday price swings, making Cryptocurrency an exciting product for aggressive and experienced day traders.

The IC Markets Cryptocurrency CFD product allows traders to go long or short without actually holding the Cryptocurrency. This means traders can get exposure to the price of the Cryptocurrency without worrying about the security risks associated with storing it and the counterparty risk from the exchange. This is similar to trading Energy Futures such as oil rather than owning physical oil to speculate on its price.

The following Cryptocurrencies are available totrade with IC Markets

The first and largest cryptocurrency, Bitcoin paved the ways for hundreds of similar currencies and boasts a market cap of over $100 billion.

The world’s second-largest cryptocurrency, it is labelled by many as “the next Bitcoin”. Ethereum has received international recognition and support from giant organisations such as Microsoft, JP Morgan, and Intel.

Designed by a former Google engineer to improve upon Bitcoin’s technology, Litecoin offers quicker processing times and a larger number of tokens. It is also the first cryptocurrency to implement SegWit, a method of speeding up transaction times without compromising the underlying blockchain technology.

Dash’s focus is on instant transactions and owner privacy. Dash has an infrastructure that enables much faster transactions than other Cryptocurrencies and therefore displays higher liquidity than many of its counterparts.

Bitcoin Cash resulted from a hard fork of the Bitcoin blockchain. It increased block size from 1 megabyte to 8 megabytes without incorporating SegWit.

Rippleis both a transaction network and crypto token which was created in 2012 as the go-to cryptocurrency for banks and global money transfers, and has recently experienced a period of growth.

IC Markets Trading Hours Pageprovides further information regarding the Trade timings of our Crypto currencies.

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Cryptocurrency – IC Markets

Cryptocurrencies trading | your guide in the world of trading …

CryptoCurrencies TradingCryptocurrencies is the Big thing at the moment.

It will be hard to not have heard about Bitcoin, Litecoin and Ethereum. The markets of these cryptocoins have gone through the roof and those that were early to get in are reaping now the fruits.But in order for you to do the same you need a little bit more information

Cryptography has everything to do with coding to keep data secure. This term is not something new. The cryptocurrency is a virtual or better said digital asset that utilizes cryptography as its security measure. That makes it thus saver and makes it very hard to impossible counterfeit unlike regular bills and coins.

and the most known of the first cryptocurrencies that were launched and opened the way for Crypto Currencies Trading on other cryptocoins. It was launched in 2009 by Satoshi Nakamoto, a pseudonym that could be a person or a group , there has been some debate about this and every now and then this story pops back up.

The system was open source and peer to peer. The most important aspect of this is that theres no central agency (like the government) that regulates or issues these cryptocurrencies or CryptoCurrencies Trading in general

The same fact made it also somewhat perfect for the business that were trying to keep their delaing off the books and unknown to the goverments and banks.

The difference being that cryptocurrencies have ICOs, initial coin offerings, and any entity or group is able to launch it as an investment, while regular companies have IPOs, or initial public offerings.

The Atlantic lays bare the actual problem with not having a central authority regulating these currencies. Because there are no checks and balances the way there are with IPOs, there are many scammers out there looking for fast cash. So, This brings me to the points that if you plan to invest in a cryptocoin and want to do some cryptocurrency Trading you better make sure that it is a save and sound currency with a good reputation.

What about for example CryptoCurrencies Trading in Bitcoin or Ethereum? . Are they smart investments? Since both are very popular, and areactually used as currency.

Some are, some might be and some are not.

Not the answer you were looking for ? look at it from this way

While there are people that state that investing in general is just gambling this is not really the case. Investment that are long-term. And broad investments are very different from active trading and more speculative investment, in the short term format it can go either way , like forex or retail commodity trading and cryptocurrencies trading falls into that category.

With active short term trading, you are predicting in a short term what the coin will do. This has been for many an amazing income when it comes to bitcoin , but keep in mind where there are winners there losers.

Since the prices go up and down so fast as in forex , you are able to buy bitcoin and lose money , there is no sure thing .

the price of these cryptocurrencies often swings from one extreme to another. For example inone day in June, the price of Ethereum plummeted from $US319 to $US0.1o.

This does not mean that you have to run now as the price recovered and then some. It just means that you have to be aware of the market like any day trading requires. This is not like buying Bitcoin forgetting about it and then just cash in and buy a car. You have to educate yourself, find the right broker and watch the markets and news for developments.

But as a price goes down it also can go up tremendously. This creates thou the fear of a bubble which will make the price eventually crash. People that cashed out before a crash are the lucky or well, educated ones and make enormous amounts of money.

So be aware of the risks but if you were not interested you would not be reading this. There sis money to be made in cryptocurrency trading.

That was my little moment of doom , now lets looks how it actually works

All cryptocurrencies follow the same general system.

It starts by a cryptocurrency choosing a base unit and how much that particular unit is worth when compared to other currencies (often, the U.S. dollar is used as a baseline).this would be the ICOs.

Here everyone goes about it a bit different and this often will already indicate what kind and how success full the crypto coin will be.

Keep in mind that there are sometimes very smart people behind it that try to push the envelope of what is done till that moment but in the end, the unitin one way or another relates to the value of other established currency, which is the format all currencies are following

Units of the new cryptocurrency are then created. When a transaction is made the units are carefully formed and preserved through algorithmic encryption, then linked together in enormous chains of data (term is blockchains) , where the currency can be tracked and exchanged.

This is not enough thou, as this is not secure enough it needs more information to keep it save. The currency units need to be timestamped and properly processed to make them more stable and harder to copy.

This can be done by a third party developer, but today most of the cryptocurrencies rather crowdsource the process to those with the correct hardware and software to mine the cryptocurrency.

This in essentially verifies the transaction and build its position online. This entire process is most of the times called the consensus protocols, there are some variations of this due to other currencies.

This it will make the currency very hard to duplicate and this forger it. Some say that it can be done but in general a good crypto currency has this part covered as it would be in most cases be simpler to just print fake bills.

Since the coins are only digital ( regardless of the nice bitcoin pictures ) there are some serious implications.

When last checked there are more than a thousand different cryptocurrencies and more are popping up every month.

Some of these are to be taken very serious and those in general are the ones we are looking at when talking about cryptocurrencies trading in general.

Others are more for fun experiments or for other reasons (that you have to ask those developers).

Besides Bitcoin (who remains the big leader of the pack) there are a few crypto currencies out there that you should take notice of if you are interested in cryptocurrencies trading online. I can mention them all but that would not really help you.

The main ones that I expect to become larger stronger and more mainstream or already are those things are, the litecoin, Dash, Ripple and last but not least Ethereum.

Since many of the uses are still in the shadow it is perceived as a way to stay under the radar for less kosher deals, it needs to become a legit means of payment for everyday life and business to succeed.

Japan makes waves in this direction allowing micropayments in supermarkets with some crypto currencies.

2.The pass-through problem.

Investors, that can be even you and me, need to hold onto and invest these currencies long-term if they are going to become a real force.

As long as they are used by companies as well as regular people to switch between other currencies but for the reason to only avoid paying the exchange rates it will not achieve the right reputation, this also reflects back on point one.

3. Continues Stability.

They need to be more save then regular currencies and remain this for a longer period of time. When Ethereum,was hacked which made a damage of around 50 million dollars. It hurt then entire Cryptocurrency world.

The cryptocurrency will have to be fully trusted to see real mainstream use which is currently still not the case. On the other hand, as long as governments keep on printing money whenever they need some regular currencies are not a better option just less volatile in most cases.

The thing is thou that crypto currencies will never go away, it simple cannot be erased or ignored anymore, the banks start to fear as they are losing business and some smart countries like some Scandinavian ones are integrating some cryptocurrencies in their society making it more mainstream and accepted.

In some years to come I expect that we would know any better and the trading would be like trading EUR US is now. That said Cryptocurrencies trading is exciting and with the right education, the right broker and exchange can be very profitable.

Enjoy but be smart careful and educated. Dont trade with funds you cannot spare and follow the markets.

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Cryptocurrencies trading | your guide in the world of trading …

Cryptocurrency – IC Markets

Unlike other asset classes (FX, Equities, Commodities, etc.), the Cryptocurrency market is dominated by retail speculators. With Cryptocurrencies, youll trade in a market where there is no central bank intervention, interbank dealers controlling order flow or giant pension funds moving prices.

Price movements on Cryptocurrencies like Bitcoin or Ethereum are driven primarily by news and prevailing sentiment, i.e. the fear and greed of retail speculators. These sometimes dramatic shifts can lead to massive intraday price swings, making Cryptocurrency an exciting product for aggressive and experienced day traders.

The IC Markets Cryptocurrency CFD product allows traders to go long or short without actually holding the Cryptocurrency. This means traders can get exposure to the price of the Cryptocurrency without worrying about the security risks associated with storing it and the counterparty risk from the exchange. This is similar to trading Energy Futures such as oil rather than owning physical oil to speculate on its price.

The following Cryptocurrencies are available totrade with IC Markets

The first and largest cryptocurrency, Bitcoin paved the ways for hundreds of similar currencies and boasts a market cap of over $100 billion.

The world’s second-largest cryptocurrency, it is labelled by many as “the next Bitcoin”. Ethereum has received international recognition and support from giant organisations such as Microsoft, JP Morgan, and Intel.

Designed by a former Google engineer to improve upon Bitcoin’s technology, Litecoin offers quicker processing times and a larger number of tokens. It is also the first cryptocurrency to implement SegWit, a method of speeding up transaction times without compromising the underlying blockchain technology.

Dash’s focus is on instant transactions and owner privacy. Dash has an infrastructure that enables much faster transactions than other Cryptocurrencies and therefore displays higher liquidity than many of its counterparts.

Bitcoin Cash resulted from a hard fork of the Bitcoin blockchain. It increased block size from 1 megabyte to 8 megabytes without incorporating SegWit.

Rippleis both a transaction network and crypto token which was created in 2012 as the go-to cryptocurrency for banks and global money transfers, and has recently experienced a period of growth.

IC Markets Trading Hours Pageprovides further information regarding the Trade timings of our Crypto currencies.

Continue reading here:

Cryptocurrency – IC Markets

Cryptocurrency Definition | Investopedia

What is a ‘Cryptocurrency’

A cryptocurrency is a digital or virtual currency that uses cryptography for security. A cryptocurrency is difficult to counterfeit because of this security feature. A defining feature of a cryptocurrency, and arguably its most endearing allure, is its organic nature; it is not issued by any central authority, rendering it theoretically immune to government interference or manipulation.

The anonymous nature of cryptocurrency transactions makes them well-suited for a host of nefarious activities, such as money laundering and tax evasion.

The first cryptocurrency to capture the public imagination was Bitcoin, which was launched in 2009 by an individual or group known under the pseudonym Satoshi Nakamoto. As of September 2015, there were over 14.6 million bitcoins in circulation with a total market value of $3.4 billion. Bitcoin’s success has spawned a number of competing cryptocurrencies, such as Litecoin, Namecoin and PPCoin.

Cryptocurrencies make it easier to transfer funds between two parties in a transaction; these transfers are facilitated through the use of public and private keys for security purposes. These fund transfers are done with minimal processing fees, allowing users to avoid the steep fees charged by most banks and financial institutions for wire transfers.

Central to the genius of Bitcoin is the block chain it uses to store an online ledger of all the transactions that have ever been conducted using bitcoins, providing a data structure for this ledger that is exposed to a limited threat from hackers and can be copied across all computers running Bitcoin software. Many experts see this block chain as having important uses in technologies, such as online voting and crowdfunding, and major financial institutions such as JP Morgan Chase see potential in cryptocurrencies to lower transaction costs by making payment processing more efficient.

However, because cryptocurrencies are virtual and do not have a central repository, a digital cryptocurrency balance can be wiped out by a computer crash if a backup copy of the holdings does not exist. Since prices are based on supply and demand, the rate at which a cryptocurrency can be exchanged for another currency can fluctuate widely.

Cryptocurrencies are not immune to the threat of hacking. In Bitcoin’s short history, the company has been subject to over 40 thefts, including a few that exceeded $1 million in value. Still, many observers look at cryptocurrencies as hope that a currency can exist that preserves value, facilitates exchange, is more transportable than hard metals, and is outside the influence of central banks and governments.

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Cryptocurrency Definition | Investopedia

What is Cryptocurrency: Everything You Need To Know …

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What is cryptocurrency: 21st-century unicorn or the money of the future?

This introduction explains the most important thing about cryptocurrencies. After youve read it, youll know more about it than most other humans.

Today cryptocurrencies have become a global phenomenon known to most people. While still somehow geeky and not understood by most people, banks, governments and many companies are aware of its importance.

In 2016, youll have a hard time finding a major bank, a big accounting firm, a prominent software company or a government that did not research cryptocurrencies, publish a paper about it or start a so-called blockchain-project.

Virtual currencies, perhaps most notably Bitcoin, have captured the imagination of some, struck fear among others, and confused the heck out of the rest of us. Thomas Carper, US-Senator

But beyond the noise and the press releases the overwhelming majority of people even bankers, consultants, scientists, and developers have a very limited knowledge about cryptocurrencies. They often fail to even understand the basic concepts.

So lets walk through the whole story. What are cryptocurrencies?

Few people know, but cryptocurrencies emerged as a side product of another invention. Satoshi Nakamoto, the unknown inventor of Bitcoin, the first and still most important cryptocurrency, never intended to invent a currency.

In his announcement of Bitcoin in late 2008, Satoshi said he developed A Peer-to-Peer Electronic Cash System.

His goal was to invent something; many people failed to create before digital cash.

The single most important part of Satoshis invention was that he found a way to build a decentralized digital cash system. In the nineties, there have been many attempts to create digital money, but they all failed.

After seeing all the centralized attempts fail, Satoshi tried to build a digital cash system without a central entity. Like a Peer-to-Peer network for file sharing.

This decision became the birth of cryptocurrency. They are the missing piece Satoshi found to realize digital cash. The reason why is a bit technical and complex, but if you get it, youll know more about cryptocurrencies than most people do. So, lets try to make it as easy as possible:

To realize digital cash you need a payment network with accounts, balances, and transaction. Thats easy to understand. One major problem every payment network has to solve is to prevent the so-called double spending: to prevent that one entity spends the same amount twice. Usually, this is done by a central server who keeps record about the balances.

In a decentralized network, you dont have this server. So you need every single entity of the network to do this job. Every peer in the network needs to have a list with all transactions to check if future transactions are valid or an attempt to double spend.

But how can these entities keep a consensus about this records?

If the peers of the network disagree about only one single, minor balance, everything is broken. They need an absolute consensus. Usually, you take, again, a central authority to declare the correct state of balances. But how can you achieve consensus without a central authority?

Nobody did know until Satoshi emerged out of nowhere. In fact, nobody believed it was even possible.

Satoshi proved it was. His major innovation was to achieve consensus without a central authority. Cryptocurrencies are a part of this solution the part that made the solution thrilling, fascinating and helped it to roll over the world.

If you take away all the noise around cryptocurrencies and reduce it to a simple definition, you find it to be just limited entries in a database no one can change without fulfilling specific conditions. This may seem ordinary, but, believe it or not: this is exactly how you can define a currency.

Take the money on your bank account: What is it more than entries in a database that can only be changed under specific conditions? You can even take physical coins and notes: What are they else than limited entries in a public physical database that can only be changed if you match the condition than you physically own the coins and notes? Money is all about a verified entry in some kind of database of accounts, balances, and transactions.

How miners create coins and confirm transactions

Lets have a look at the mechanism ruling the databases of cryptocurrencies. A cryptocurrency like Bitcoin consists of a network of peers. Every peer has a record of the complete history of all transactions and thus of the balance of every account.

A transaction is a file that says, Bob gives X Bitcoin to Alice and is signed by Bobs private key. Its basic public key cryptography, nothing special at all. After signed, a transaction is broadcasted in the network, sent from one peer to every other peer. This is basic p2p-technology. Nothing special at all, again.

The transaction is known almost immediately by the whole network. But only after a specific amount of time it gets confirmed.

Confirmation is a critical concept in cryptocurrencies. You could say that cryptocurrencies are all about confirmation.

As long as a transaction is unconfirmed, it is pending and can be forged. When a transaction is confirmed, it is set in stone. It is no longer forgeable, it cant be reversed, it is part of an immutable record of historical transactions: of the so-called blockchain.

Only miners can confirm transactions. This is their job in a cryptocurrency-network. They take transactions, stamp them as legit and spread them in the network. After a transaction is confirmed by a miner, every node has to add it to its database. It has become part of the blockchain.

For this job, the miners get rewarded with a token of the cryptocurrency, for example with Bitcoins. Since the miners activity is the single most important part of cryptocurrency-system we should stay for a moment and take a deeper look on it.

Principally everybody can be a miner. Since a decentralized network has no authority to delegate this task, a cryptocurrency needs some kind of mechanism to prevent one ruling party from abusing it. Imagine someone creates thousands of peers and spreads forged transactions. The system would break immediately.

So, Satoshi set the rule that the miners need to invest some work of their computers to qualify for this task. In fact, they have to find a hash a product of a cryptographic function that connects the new block with its predecessor. This is called the Proof-of-Work. In Bitcoin, it is based on the SHA 256 Hash algorithm.

You dont need to understand details about SHA 256. Its only important you know that it can be the basis of a cryptologic puzzle the miners compete to solve. After finding a solution, a miner can build a block and add it to the blockchain. As an incentive, he has the right to add a so-called coinbase transaction that gives him a specific number of Bitcoins. This is the only way to create valid Bitcoins.

Bitcoins can only be created ifminers solve a cryptographic puzzle. Since the difficulty of this puzzle increases the amount of computer power the whole miners invest, there is only a specific amount of cryptocurrency token that can be created in a given amount of time. This is part of the consensus no peer in the network can break.

If you really think about it, Bitcoin, as a decentralized network of peers which keep a consensus about accounts and balances, is more a currency than the numbers you see in your bank account. What are these numbers more than entries in a database a database which can be changed by people you dont see and by rules you dont know?

It is that narrative of human development under which we now have other fights to fight, and I would say in the realm of Bitcoin it is mainly the separation of money and state.

Erik Voorhees,cryptocurrency entrepreneur

Basically, cryptocurrencies are entries about token in decentralized consensus-databases. They are called CRYPTOcurrencies because the consensus-keeping process is secured by strong cryptography. Cryptocurrencies are built on cryptography. They are not secured by people or by trust, but by math. It is more probable that an asteroid falls on your house than that a bitcoin address is compromised.

Describing the properties of cryptocurrencies we need to separate between transactional and monetary properties. While most cryptocurrencies share a common set of properties, they are not carved in stone.

1.) Irreversible: After confirmation, a transaction cant be reversed. By nobody. And nobody means nobody. Not you, not your bank, not the president of the United States, not Satoshi, not your miner. Nobody. If you send money, you send it. Period. No one can help you, if you sent your funds to a scammer or if a hacker stole them from your computer. There is no safety net.

2.) Pseudonymous: Neither transactions nor accounts are connected to real-world identities. You receive Bitcoins on so-called addresses, which are randomly seeming chains of around 30 characters. While it is usually possible to analyze the transaction flow, it is not necessarily possible to connect the real world identity of users with those addresses.

3.) Fast and global: Transaction are propagated nearly instantly in the network and are confirmed in a couple of minutes. Since they happen in a global network of computers they are completely indifferent of your physical location. It doesnt matter if I send Bitcoin to my neighbour or to someone on the other side of the world.

4.) Secure: Cryptocurrency funds are locked in a public key cryptography system. Only the owner of the private key can send cryptocurrency. Strong cryptography and the magic of big numbers makes it impossible to break this scheme. A Bitcoin address is more secure than Fort Knox.

5.) Permissionless: You dont have to ask anybody to use cryptocurrency. Its just a software that everybody can download for free. After you installed it, you can receive and send Bitcoins or other cryptocurrencies. No one can prevent you. There is no gatekeeper.

1.) Controlled supply: Most cryptocurrencies limit the supply of the tokens. In Bitcoin, the supply decreases in time and will reach its final number somewhere in around 2140. All cryptocurrencies control the supply of the token by a schedule written in the code. This means the monetary supply of a cryptocurrency in every given moment in the future can roughly be calculated today. There is no surprise.

2.) No debt but bearer: The Fiat-money on your bank account is created by debt, and the numbers, you see on your ledger represent nothing but debts. Its a system of IOU. Cryptocurrencies dont represent debts. They just represent themselves. They are money as hard as coins of gold.

To understand the revolutionary impact of cryptocurrencies you need to consider both properties. Bitcoin as a permissionless, irreversible and pseudonymous means of payment is an attack on the control of banks and governments over the monetary transactions of their citizens. You cant hinder someone to use Bitcoin, you cant prohibit someone to accept a payment, you cant undo a transaction.

As money with a limited, controlled supply that is not changeable by a government, a bank or any other central institution, cryptocurrencies attack the scope of the monetary policy. They take away the control central banks take on inflation or deflation by manipulating the monetary supply.

While its still fairly new and unstable relative to the gold standard, cryptocurrency is definitely gaining traction and will most certainly have more normalized uses in the next few years. Right now, in particular, its increasing in popularity with the post-election market uncertainty. The key will be in making it easy for large-scale adoption (as with anything involving crypto) including developing safeguards and protections for buyers/investors. I expect that within two years, well be in a place where people can shove their money under the virtual mattress through cryptocurrency, and theyll know that wherever they go, that money will be there. Sarah Granger, Author, and Speaker.

Mostly due to its revolutionary properties cryptocurrencies have become a success their inventor, Satoshi Nakamoto, didnt dare to dream ofit. While every other attempt to create a digital cash system didnt attract a critical mass of users, Bitcoin had something that provoked enthusiasm and fascination. Sometimes it feels more like religion than technology.

Cryptocurrencies are digital gold. Sound money that is secure from political influence. Money that promises to preserve and increase its value over time. Cryptocurrencies are also a fast and comfortable means of payment with a worldwide scope, and they are private and anonymous enough to serve as a means of payment for black markets and any other outlawed economic activity.

But while cryptocurrencies are more used for payment, its use as a means of speculation and a store of value dwarfs the payment aspects. Cryptocurrencies gave birth to an incredibly dynamic, fast-growing market for investors and speculators. Exchanges like Okcoin, poloniex or shapeshift enables the trade of hundreds of cryptocurrencies. Their daily trade volume exceeds that of major European stock exchanges.

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What is Cryptocurrency: Everything You Need To Know …

Cryptocurrency

There is a lot of inaccurate, unverifiable information shared on the internet, which is thought as accurate to many. It helps spreading of scam coins, what means danger for the whole market.

Our organizations purpose is the validation of the whole cryptocurrency market.

The website is launching shortly!

Dont miss the chance to subscribe to our newsletter, and yet you could browse our social media sites:

The rest is here:

Cryptocurrency

Cryptocurrency – IC Markets

Unlike other asset classes (FX, Equities, Commodities, etc.), the Cryptocurrency market is dominated by retail speculators. With Cryptocurrencies, youll trade in a market where there is no central bank intervention, interbank dealers controlling order flow or giant pension funds moving prices.

Price movements on Cryptocurrencies like Bitcoin or Ethereum are driven primarily by news and prevailing sentiment, i.e. the fear and greed of retail speculators. These sometimes dramatic shifts can lead to massive intraday price swings, making Cryptocurrency an exciting product for aggressive and experienced day traders.

The IC Markets Cryptocurrency CFD product allows traders to go long or short without actually holding the Cryptocurrency. This means traders can get exposure to the price of the Cryptocurrency without worrying about the security risks associated with storing it and the counterparty risk from the exchange. This is similar to trading Energy Futures such as oil rather than owning physical oil to speculate on its price.

The following Cryptocurrencies are available totrade with IC Markets

The first and largest cryptocurrency, Bitcoin paved the ways for hundreds of similar currencies and boasts a market cap of over $100 billion.

The world’s second-largest cryptocurrency, it is labelled by many as “the next Bitcoin”. Ethereum has received international recognition and support from giant organisations such as Microsoft, JP Morgan, and Intel.

Designed by a former Google engineer to improve upon Bitcoin’s technology, Litecoin offers quicker processing times and a larger number of tokens. It is also the first cryptocurrency to implement SegWit, a method of speeding up transaction times without compromising the underlying blockchain technology.

Dash’s focus is on instant transactions and owner privacy. Dash has an infrastructure that enables much faster transactions than other Cryptocurrencies and therefore displays higher liquidity than many of its counterparts.

Bitcoin Cash resulted from a hard fork of the Bitcoin blockchain. It increased block size from 1 megabyte to 8 megabytes without incorporating SegWit.

Rippleis both a transaction network and crypto token which was created in 2012 as the go-to cryptocurrency for banks and global money transfers, and has recently experienced a period of growth.

IC Markets Trading Hours Pageprovides further information regarding the Trade timings of our Crypto currencies.

Original post:

Cryptocurrency – IC Markets

Weiss Cryptocurrency Ratings

We are at the dawn of a cryptocurrency revolution offering enormous profit potential for investors. The blockchain technology that makes Bitcoin, Ethereum and every other cryptocurrency possible could radically transform e-commerce, banking, communications, social networking, Big Data, the Internet of Things, even governments.As the scope …Read more>

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Weiss Cryptocurrency Ratings

World’s Biggest Crypto Exchange in Just 6 Months

From Zero to World’s Biggest Crypto Exchange in Just 6 Months

Editor’s Note: A few months ago, Coin Central published a review of an “up and coming” cryptocurrency exchange called Binance. Since then, Binance has rapidly grown to become the number one cryptocurrency exchange in the world. With such rapid growth, we’ve updated and expanded our original review in this new article…

Binance is currently the world’s largest cryptocurrency exchange, with over $6 billion in assets traded in an average 24 hour period. Binance’s rise to the top has been swift. Since its launch six months ago, Binance has grown at a rapid rate. Millions of users per week sign up to use the exchange, including 240,000 members last Wednesday alone. Wednesday’s daily record came after Binance lifted a temporary freeze on new member registrations.

Binance is also the name of a cryptocoin (BNB) traded and used on the Binance exchange. Since the ICO six months ago, the value of BNB has risen with the growth of the exchange. BNB is now among the top 30 cryptocurrencies in the world by market cap.

What about Binance makes it so compelling? Why are so many people signing up to use this new exchange? In this article, we’ll dive into those questions. The answers are surprisingly simple. The simplicity of Binance’s business model has been the key to its success so far, and it bodes well for future success.

How Exchanges Work: Understanding Binance’s Advantage

First, it’s worth understanding the basic mechanics of a currency exchange before we go any further. Solving some technical problems with exchange software is among Binance’s key competitive advantages.

Matching

A typical exchange works as a market maker for buy and sell orders. It’s important to note that the exchange itself does not buy and sell your currency when you make an exchange. Instead, the exchange matches you with another user who is willing to buy your asset at the price your asking. This matching of buy/sell orders is the key function of an exchange. When an exchange matches buy/sell orders and completes a trade, it charges a transaction fee to both parties for the service of finding a match. That’s how exchanges make money.

This order matching creates a bottleneck for many cryptocurrency exchanges. If you have more trade requests than your matching software can handle, orders will be delayed. With the popularity of Bitcoin and altcoins right now, users are submitting millions of trade requests per minute on the most popular exchanges. Delayed trades might be the difference between capitalizing on an investment opportunity and missing it.

Binance’s major innovation is their matching engine, capable of 1.4 million trades per second. This makes their trading platform one of the fastest available on the market. As such, many crypto investors have flocked to Binance for its processing speed.

Liquidity

The other critical component of an exchange is liquidity. Liquidity is the amount and frequency with which assets move around the exchange. In order to quickly find a match and complete an order at a competitive price, there needs to be a lot of activity on the orderbook. An exchange with a quiet orderbook is not a good place to invest your money. However, Binance has the busiest orderbook in the world, making it a safe, competitive market for transactions.

binance trading

Most-traded asset pairs on Binance in the past 24 hours

Binance has high liquidity in many different assets, not just Bitcoin and other top coins. In fact, as of writing, TRON is the most-traded asset on Binance in the past 24 hours, with other altcoins in the top ten. This altcoin advantage is a virtuous cycle for Binance, and new coins often choose to list with Binance over competing exchanges. This includes many coins from Asia that may not be available from Western-based exchanges. The wide array of assets available is another key reason for Binance’s rapid rise.

Using the Binance Exchange

Binance does not support fiat currencies, so you can’t convert dollars, yen, pounds, euros, etc. on the exchange. (The name Binance is actually a combination of “Binary Finance,” suggesting that they only deal in digital assets.)

If you want to use Binance, you’ll need to already own cryptocurrency. Once you do, registration and setup are fairly easy, as is funding your Binance account.

User Experience & Interface

binance ui

Binance’s User Interface

Binance has done a great job building an intuitive user interface without sacrificing the charts, graphs, and other information you need to make informed investment decisions. Trading is easy and only requires a few clicks to select the currency pair you’d like to trade and create the order. The user interface is available online, but also as a mobile app for iOS and Android.

Another factor contributing to Binance’s rapid growth is its availability in eight different languages. The exchange supports users that speak English, Chinese, Japanese, Korean, Russian, Spanish, French, and German.

Low Fees

The final key to Binance’s success is the competitive trading fees it charges. It’s free to fund your account, and orders are charged a simple 0.1% trading fee. The trading fee means you’ll want to limit how frequently you make trades since you’ll lose 0.1% every time you transact. However, we’ll see in a minute that Binance makes it possible to reduce these transaction fees. If you consider how much Binance makes off its transactions, it’s clearly a profitable business model. With over $6 billion traded in a 24 hour period, even if Binance only receives 0.05% of that daily volume, that’s $30 million in revenue per day.

Binance also charges withdrawal fees for moving assets out of your account into private wallets. The withdrawal fees vary by the coin, but they are flat fees, not percentage-based.

binance withdrawal fees chart

Examples of Binance withdrawal fees

The Binance Coin (BNB)

Along with the launch of the exchange, Binance launched an ICO. BNB is an ERC20 token built on Ethereum. The total supply is limited to 200 million BNB, after which no more coins will be created.

You can use BNB to pay your fees on the Binance exchange. While you can still choose to pay your fees in the cryptocurrency you’re exchanging, Binance offers a rebate as an incentive to pay fees in BNB. In your first year of membership on Binance, fees are discounted 50% when paid in BNB. With every subsequent year of membership, the fee discount decreases. By your fifth year using Binance, there is no longer a fee discount for paying in BNB.

binance fee schedule

Binance fees over time

Since the fee rebate decreases every year, the value of the BNB token is also expected to decrease over time. To combat this depreciation, Binance will also destroy BNB tokens over time, reducing the total supply of BNB from 200 million to 100 million. Contracting the money supply in this way should counteract the effects of the decreasing discount. The goal being a stable price for BNB coins over time.

While fee payment is the primary purpose of the BNB token, you can also use it to invest in certain ICOs that participate in Binance’s Launchpad program. Once the ICO is over, these new tokens will automatically list on Binance, creating a seamless marketplace between ICO and exchange.

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The Future of the BNB Token

Binance is promoting the adoption of the BNB token in the hopes that it will drive customer loyalty. The rebate, of course, is a nice perk for lowering trading fees. But even after the rebate decreases, users are still likely to own leftover BNB that they might as well continue to use. As the dominant cryptocurrency exchange in the world, we can expect Binance’s coin to circulate widely. The more its adoption grows, the more valuable and useful it becomes.

Right now, BNB’s primary value is within the exchange. This makes BNB unique among most new coins since it already has a practical use case. Most investors will get the highest ROI out of cashing in on the BNB rebate. However, in the future, it’s possible the value of BNB could grow as an asset. For the earliest investors, they’ve already seen a large return on BNB. It’ll be interesting to see if investors continue to take the rebate or hold BNB in hopes that it will appreciate.

If Binance sees continued success on its current level, it will certainly implement more features and programs. These new capabilities and add-ons will all likely use the BNB coin. Their ICO Launchpad is one early example of an added feature using the BNB coin. There are likely to be many more.

Where to Buy & Store BNB

You can only purchase BNB through the Binance exchange and EtherDelta (although the volume on EtherDelta is so low that you shouldn’t bother). Any coin supported on Binance is available as a trading pair with BNB.

If you’re interested in holding BNB as an investment, you should move it off the exchange into a wallet. As an ERC20 token, your BNB can be stored on MyEtherWallet. For improved security, you can also use a hardware wallet like the Trezor.

Binance Background & Team

binance team

Binance is a Chinese company, originally started in Shanghai and now based in Hong Kong. It’s founder, Changpeng Zhao, is the former CTO of OKCoin, another prominent Chinese cryptocurrency exchange. Zhao’s company, Beiji Technology, owns and operates Binance.

The Binance exchange only launched six months ago. In August 2017, shortly after launch, Binance announced that Yi He would join the team. Yi He was one of the original co-founders of OKCoin. She’s widely recognized for her ability to grow technology products and gain user adoption. Zhao, He, and the Binance team have grown the company into the biggest exchange in the world over the past six months.

Conclusion

There’s a reason why Binance has seen such massive growth and success over the past six months. It’s fast, reasonably priced, and available worldwide. If you already have an exchange that you use and like (that charges similar fees), then there’s no need to switch to Binance. In particular, if you often need to convert to fiat currency, Binance won’t be useful for you at all. However, if you’re unhappy with your current exchange, need lower fees, or are looking for the fastest processing times available, then a move to Binance could be right for you.

Litecoin Price Forecast: Follow These Tips to Survive the LTC Crash

Litecoin News Update
It is no longer just a market correction. The cryptocurrency market is crashing. There’s no milder way to put it now. It’s happening and we must acknowledge it.

I’ve remained optimistic through the recent dips caused by corrective market forces, all of which were followed by a reversal in a day or two. This time, however, it’s a free fall for cryptocurrency prices, with no bottom in sight.

If it’s any consolation, you’re not alone in this. All the top cryptocurrencies are drenched in red, so Litecoin investors are in the same boat as Bitcoin, Ripple, and Ethereum investors.

We could blame the South Koreans for causing this mayhem, but the.

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Litecoin Price Forecast: Follow These Tips to Survive the LTC Crash

Ripple January 2018 Crash: Why XRP Is Falling Extensively

As the bloodbath in the cryptocurrency market continues, the focus is on which digital coins are falling more in value compared to the rest. And right now, Ripple XRP is in the red more than the other major digital currencies. It is true that pessimism has taken over the cryptomarket and fear and uncertainty are leading this phase of panic selling. However, the point to note about Ripple XRP is that it is different from other cryptos. It works within the system to enable faster and cheaper financial transactions. And regulators are most likely to be at ease with Ripple.

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Ripple January 2018 Crash: Why XRP Is Falling Extensively

Litecoin Price Prediction: The Bright Side to the Cryptocurrency Crash

Litecoin News Update
As if the rumors of a South Korean ban weren’t enough, cryptocurrencies face a double whammy after the Chinese government chimed in with the Korean authorities.

It’s somewhat ironic that cryptocurrencies, which threatened to weaken government control over our monetary affairs, are now at the mercy of the same governments.

I’ve finally mustered up some courage to say the following three dreaded words: cryptocurrencies are crashing! Yes, it’s happening and we have governments to blame.

Cryptocurrency zealots—those who subscribe to.

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Litecoin Price Prediction: The Bright Side to the Cryptocurrency Crash

Ripple Crash 2018: Should I Hold or Sell My XRP Amid Cryptocurrency Crash?

Facing the Great Cryptocurrency Crash of 2018 
The moment of truth has finally arrived. We’re witnessing the great cryptocurrency crash of 2018.

The granddaddy of cryptos just bit the bullet and with it, the dominoes have begun to fall. While all the top 10 cryptocurrencies are trading lower by more than 20%, the Ripple crash eclipses them all with more than a 33% drop in prices in just one day.

It is nerve-racking because this cryptocurrency alone has wiped out more than $40.0 billion from the market in just one week. That’s the most any cryptocurrency has lost in market value, after Bitcoin.

The optimists are arguing that this could only be a.

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Ripple Crash 2018: Should I Hold or Sell My XRP Amid Cryptocurrency Crash?

Cryptomarket Crash: Ethereum Shall Survive Despite Bitcoin and Ripple Crash

The last few days have seen some extreme movements in the cryptocurrency market. And while almost all cryptocurrencies are trading in red right now, it has been a roller coaster ride for Ethereum, which touched record highs of over $1,400 and is now trading at a little over $1,100.

Ethereum has grown rapidly in past few months as its platform continues to increase in popularity and the number of transactions on the network keeps on increasing. We believe that the cryptomarket shall continue to witness such wild swings as regulators all over the world keep coming up.

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