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Cryptocurrency News: Vitalik Buterin Doesn’t Care About Bitcoin ETFs

Cryptocurrency News
While headline numbers look devastating this week, investors might take some solace in knowing that cryptocurrencies found their bottom at roughly $189.8 billion in market cap—that was the low point. Since then, investors put more than $20.0 billion back into the market.

During the rout, Ethereum broke below $300.00 and XRP fell below $0.30, marking yearly lows for both tokens. The same was true down the list of the top 100 biggest cryptos.

Altcoins took the brunt of the hit. BTC Dominance, which reveals how tightly investment is concentrated in Bitcoin, rose from 42.62% to 53.27% in just one month, showing that investors either fled altcoins at higher.

The post Cryptocurrency News: Vitalik Buterin Doesn’t Care About Bitcoin ETFs appeared first on Profit Confidential.

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Cryptocurrency News: Vitalik Buterin Doesn’t Care About Bitcoin ETFs

Cryptocurrency News: New Exchanges Could Boost Crypto Liquidity

Cryptocurrency News
Even though the cryptocurrency news was upbeat in recent days, the market tumbled after the U.S. Securities and Exchange Commission (SEC) rejected calls for a Bitcoin (BTC) exchange-traded fund (ETF).

That news came as a blow to investors, many of whom believe the ETF would open the cryptocurrency industry up to pension funds and other institutional investors. This would create a massive tailwind for cryptos, they say.

So it only follows that a rejection of the Bitcoin ETF should send cryptos tumbling, correct? Well, maybe you can follow that logic. To me, it seems like a dramatic overreaction.

I understand that legitimizing cryptos is important. But.

The post Cryptocurrency News: New Exchanges Could Boost Crypto Liquidity appeared first on Profit Confidential.

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Cryptocurrency News: New Exchanges Could Boost Crypto Liquidity

Bitcoin Rise: Is the Recent Bitcoin Price Surge a Sign of Things to Come or Another Misdirection?

What You Need to Know About the Bitcoin Price Rise
It wasn't that long ago that Bitcoin (BTC) dominated headlines for its massive growth, with many cryptocurrency millionaires being made. The Bitcoin price surged ever upward and many people thought the gravy train would never stop running—until it did.

Prices crashed, investors abandoned the space, and lots of people lost money. Cut to today and we're seeing another big Bitcoin price surge; is this time any different?

I'm of a mind that investors ought to think twice before jumping back in on Bitcoin.

Bitcoin made waves when it once again crested above $5,000. Considering that it started 2019 around $3,700,.

The post Bitcoin Rise: Is the Recent Bitcoin Price Surge a Sign of Things to Come or Another Misdirection? appeared first on Profit Confidential.

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Bitcoin Rise: Is the Recent Bitcoin Price Surge a Sign of Things to Come or Another Misdirection?

9 Best Cryptocurrency Exchanges to Buy/Sell Any …

Slowly and steadily, Bitcoin and altcoins are getting attention from more investors all around the world.

And why not? These cryptocurrencies are time and again proving themselves to be a safe haven against governments inflationary policies.

Thats why some people are even securing cryptocurrencies astheir retirementfunds, while some are doing pure speculation with short-term trading (i.e. buy low, sell high).

And lets not forget about those who are just starting off by looking around to find the answer to questions like:

But before we talk about the best exchanges out there, I need to tell you that its not too late to get invested in cryptocurrencies. At the time of this writing, the Bitcoin and altcoin market is at anall-time high, with a market cap of $166 billion. I believe we will cross the $250 billion mark later this year.

So now that you know youshouldinvest, heres where you need to go to do that.

Here is a consolidated list of best cryptocurrency exchanges with my comments:

For Acquiring Cryptocurrencies:

If you live in a country where its not easy to get Bitcoin, you can use any of these three websites. All three of them offersto buy Bitcoin using a credit/debit card.

Note: This list is starting from easy to use exchanges and moving towards some of the advanced exchanges.

Binance is a rapidly growing exchange that concluded its ICO a few months back.

Though it is based out of China, it doesnt serve its native country but is open to almost all countries around the world.

Since its ICO to till date, it has grown tremendously and is now placed in top 10 cryptocurrency exchanges in the world.It now has more than 140 altcoins listed on it which are only increasing as the days are passing.

Binance being a centralized exchange has taken a unique take to expand its business and also provides a decent discount for day traders if they use BNB coins.BNB is Binance Coin which is the native currency of this platform.

Read:Binance Cryptocurrency: A Unique And Rapidly Growing Crypto Exchange

Binances fee structure is also unique. To start with they have 0.1% standard trading fee which is already quite less than other peers. You can even reduce your fee furtherif you pay your trading fee in BNB according to the below-shown structure.

To get started with Binance you need to register using your email ID and the process is quite simple & fast. Moreover, you get 1 QTUM coin as a kind gesture for registration which is limited to 10,000 QTUM coins on first come first basis.

Binance is one of the few exchanges that offers mobile app for iOS and Android. Being using it for a while, I find it too easy to trade cryptocurrency while on the move. You can watch this video to learn how to use their mobile app.

They also have aggressive plans like multi-lingual support, mobile apps for both iOS and Android users,Binance Angel Program, and theCommunity Coin Per Month etc for more adoption of their platform.

Register a free account on Binance

BitMex is high volume crypto exchange created by a talented team of economists, high-frequency traders and web developers for the crypto community.

Here you will never find any issues regarding the liquidity of your cryptocurrencies.

The primary currency traded on this exchange is Bitcoin and its future contracts.

Apart from Bitcoin contracts, one can also play around with future contracts for altcoins such as Bitcoin Cash, Ethereum, Cardano, Litecoin, Ripple.

The registration process on BitMex is quite simple where you just need to register through your email ID and their fee structure is also quite straightforward as shown below:

Trade On BitMex

KuCoin is another easy and hassle-free cryptocurrency exchange. KuCoin offers many popular and unique coin such as DragonChain, $KCS, and many others. Just like Binance, they offer a fully functional mobile app for Android and iOS.

To get started with KuCoin, you can deposit any crypto of your choice ex: BTC and start trading. Personally, I have been using KuCoin since last quarter of 2017 and they are getting popular day by day.

Get started with KuCoin

Changelly is one of the easiest ways to get ahold of various cryptocurrencies.

Changelly has a proven track record of consistently good products being put out into the crypto-space.

One of the best things about Changelly is that you dont need to go through any lengthy verification or registration process. You just log in with your email ID (or any email ID) and start exchanging!

Currently, it supports more than 35 cryptocurrencies along with fiat pairs such as USD/EUR. It is one of the best and easiest to use exchanges out there.If you want to know more, check out Harshsreview on Changelly.

When you use Changelly to exchange cryptocurrency, Changelly bots connect in real time to some of the best and busiest cryptocurrency exchanges in the market to get you the best price.

Usually, when using Changelly, a crypto-to-crypto exchange takes 5 to 30 minutes.

They charge a commission fee of 0.5% on each trade, which I think is minimal in exchange for the volatility and risk that they bear on behalf of their users. In addition to the commission, a miners fee is also paid by the user and is deducted directly from their crypto balance.

But all you need in order to buy from Changelly is aVISA/MasterCard (credit/debit card) or any Changelly-supported cryptocurrency and a wallet where you want to receive your new coins.

The procedure is very simple.

Head towardCoinSutras Cryptocurrency Exchange Changelly, and follow the steps given in thisguide.

Note:Though this guide shows how to buy Ripple in exchange for BTC, the process is exactly the same to buy any other Changelly-supported cryptocurrency.

And if you want to buy cryptos using a VISA/MasterCard, then here is their officialstep-by-step guide on doing that.(Even though this guide is for buying BTC using a VISA/MasterCard, the process is the same as buying any other Changelly-supported cryptocurrency.)

Check out Changelly

Huobi Pro is an internationalcryptocurrency exchangethat originated in China but now has moved across the world to serve a maximum number of investors. It is based out of Singapore and has been operating in this space successfully for the last five years.

As we speak, it occupies the #3 spot on CoinMarketCaps list of exchanges by volume and has 244 cryptocurrency pairs. Hence, needless to say, of this, you will never face liquidity problems on this exchange.

They also have mobile apps for bothAndroidandiOSfor users who want to trade cryptos on the go.

Theirregistration processis also pretty simple and straightforward, so go ahead and do the needful. Oh, and just so you know, the exchange fee is also pretty low. Have fun.

Do read,Huobi Exchange Review & Benefits of HT token: Can It Pull Off Another Binance?

Bittrex is aUS-based cryptocurrency exchange that provides you the option to trade more than 190 cryptocurrencies at a time. They are well-regulated and compliant with all of the current US rules, so crypto users need not worry about the safety of their funds.

Bittrex handles one of the largest BTC trading volumes out of all the exchanges in the world.

Here, the users (buyers/sellers) decide the rates in which they want to trade, and Bittrex charges them a small service fee for providing this platform (0.25%).

To get started with Bittrex, you need to register and log in through your email ID, but to withdraw funds, you need to do a KYC by submitting your ID documents and phone number, as well as enabling two-factor authentication for higher limits.

But one good thing about Bittrex is the account verification happens quite fast.

Bittrex supports two types of accounts:

Bittrex is a crypto-only exchange, meaning it doesnt allow you to deposit fiat currencies such as USD, EUR, GBP, etc.

They provide access to advanced trading tools like candlestick charts and crosshairs, but the user interface is quite clean and intuitive, so newbies should have no problems.

You can visit Bittrex and open a Bittrex accountby following this official step by step guide here.

Check out Bittrex

Founded by Tristan DAgosta, Poloniex has been operational since January 2014 and is undoubtedly one of the biggest cryptocurrency exchanges in the world.

It is based out of the United States and offers +100 cryptocurrencies to its users to trade.

When you talk about trade volumes, nothing beats Poloniex. In 2017, Poloniex had the highest volume for ETH because it supports an independent Ethereum market as well as a BTC market.

It is a crypto-only exchange, but you can start trading easily by depositing USDT (Tether dollars).

Poloniex also has zoomable candlestick charts for 5-minutes, 15-minutes, 30-minutes, 2-hours, 4-hours, and 1-day, along with a stop-limit feature for advanced cryptocurrency traders.

Poloniex charges a fee of0.15% to 0.25% on all trades depending upon whether you are a maker or a taker.

So if you are looking to trade a variety of altcoins, then you should give Poloniex a shot.

To get started with Poloniex, follow this official guide.

Remember: As soon as you sign up for Poloniex using your email,do make sure to enable two-factor authentication!

Check out Poloniex

Bitfinex is another one of the largest and most popular cryptocurrency exchanges out there.

Based out of Hong Kong and operational since 2014, it gives its users the option to trade the following 13 cryptocurrencies in exchange for USD or BTC:

Update: They have added a lot more cryptos recently.

Unlike Bittrex and Poloniex, you can trade using USD (with a wire fee of at least $20). Also, users will need to pay a trade fee which varies from 0.1% to 0.8% (details here).

Also, whenever you withdrawal or deposit anything, you are charged a certain fee:

On Bitfinex, if you are a pro-trader, you will find advanced trading tools such as limit orders, stop orders, trailing stop, fill or kill, TWAP, and others, along with different market charts.

To get started on Bitfinex, you need toregister,verify your ID, andauthenticateyourself. It typically takes 15-20 business days aftersubmitting valid ID proof before youre accepted into the platform.

And whenever you get bored with the web version or want to trade on-the-go, you can use Bitfinexs Android and iOS mobile apps.

Check out Bitfinex

Using the above cryptocurrency exchanges will allow you to buy almost all of the cryptos you could ever want to buy.

However, there are a few more cryptocurrency exchanges that you should have an account with, as there are a few coins that are only available there. Its a good idea to have an account on most of these, which will save time when you discover a winning coin.

Some of those exchanges are:

I will update this post as I find other trustable and feature-rich cryptocurrency exchanges. For now, you can consider joining our Telegram channel to stay updated with all thelatest info.

I hope these insights help you in choosing the best cryptocurrency exchange for you to use.

But one word of caution:

If you are storing cryptocurrencies on these exchanges for a few hours or even a few days for the sake of trading, then its probably OK. Otherwise, this is a bad practice.

Large-scale hacks like Mt. Gox can happen at any time. I would strongly recommend you to use the Ledger Nano S or a wallet like Exodus, where you can store a lot of different cryptos and control your private keys.

Continue reading here:

9 Best Cryptocurrency Exchanges to Buy/Sell Any ...

Cryptocurrency Trading | TD Ameritrade

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Certain aspects of this offering are subject to regulatory approval. ErisX, Eris Exchange, and the ErisX and Eris Exchange logos are trademarks of the Eris Exchange group of companies.

Futures trading services provided by TD Ameritrade Futures & Forex LLC. Trading privileges subject to review and approval. Not all clients will quality.

Futures and futures options trading is speculative, and is not suitable for all investors. Please read theRisk Disclosure for Futures and Options prior to trading futures products.

Futures accounts are not protected by the Securities Investor Protection Corporation (SIPC).

Third-party firms mentioned above are separate from and not affiliated with TD Ameritrade, which is not responsible for their services or policies.

This is not an offer or solicitation in any jurisdiction where we are not authorized to do business or where such offer or solicitation would be contrary to the local laws and regulations of that jurisdiction, including, but not limited to persons residing in Australia, Canada, Hong Kong, Japan, Saudi Arabia, Singapore, UK, and the countries of the European Union.

Brokerage services provided by TDAmeritrade, Inc., memberFINRA/ SIPC. TDAmeritrade is a trademark jointly owned by TDAmeritrade IP Company, Inc. and The Toronto-Dominion Bank. 2019 TDAmeritrade.

Read more here:

Cryptocurrency Trading | TD Ameritrade

Top 50 Cryptocurrency Prices | Coinbase

1

$5,036.80

-1.34%

$162.64

-1.83%

$0.33

-1.77%

$275.77

-2.15%

$77.11

-3.89%

$0.11

-2.12%

$6.20

-3.92%

$68.58

-3.35%

$0.32

+4.80%

$1.00

$0.31

-4.14%

$5.28

-2.37%

$18.68

+1.69%

$1.01

+0.03%

$0.0820

-3.05%

$0.0262

-2.71%

$69.65

-2.02%

$64.57

-2.91%

$119.24

-1.12%

$0.31

-6.15%

$10.91

-3.86%

$0.97

-0.47%

$1.29

-3.90%

$621.69

-2.48%

$0.0658

-3.38%

$0.0787

+2.58%

$0.0068

-3.01%

$0.0028

-0.60%

$15.99

-2.20%

$2.64

-1.82%

$1.88

-5.71%

$2.84

-4.70%

$24.59

+1.88%

$1.95

-4.04%

$0.0626

-2.49%

$18.84

-1.96%

$1.52

-6.92%

$1.01

+0.20%

$0.52

+1.65%

$0.0201

-3.46%

$0.37

-4.02%

$0.0622

-3.61%

$0.000906

-2.55%

$1.05

-3.14%

$0.0133

-3.54%

$0.0012

-2.85%

$0.0129

-0.55%

$0.54

-3.53%

$0.0085

-4.89%

$0.000695

-1.74%

Continued here:

Top 50 Cryptocurrency Prices | Coinbase

7 Best Cryptocurrency Exchanges to Buy/Sell Any …

Slowly and steadily, Bitcoin and altcoins are getting attention from more investors all around the world.

And why not? These cryptocurrencies are time and again proving themselves to be a safe haven against governments inflationary policies.

Thats why some people are even securing cryptocurrencies astheir retirementfunds, while some are doing pure speculation with short-term trading (i.e. buy low, sell high).

And lets not forget about those who are just starting off by looking around to find the answer to questions like:

But before we talk about the best exchanges out there, I need to tell you that its not too late to get invested in cryptocurrencies. At the time of this writing, the Bitcoin and altcoin market is at anall-time high, with a market cap of $166 billion. I believe we will cross the $250 billion mark later this year.

So now that you know youshouldinvest, heres where you need to go to do that.

Here is a consolidated list of best cryptocurrency exchanges with my comments:

For Acquiring Cryptocurrencies:

If you live in a country where its not easy to get Bitcoin, you can use any of these three websites. All three of them offersto buy Bitcoin using a credit/debit card.

Note: This list is starting from easy to use exchanges and moving towards some of the advanced exchanges.

Binance is a rapidly growing exchange that concluded its ICO a few months back.

Though it is based out of China, it doesnt serve its native country but is open to almost all countries around the world.

Since its ICO to till date, it has grown tremendously and is now placed in top 10 cryptocurrency exchanges in the world.It now has more than 140 altcoins listed on it which are only increasing as the days are passing.

Binance being a centralized exchange has taken a unique take to expand its business and also provides a decent discount for day traders if they use BNB coins.BNB is Binance Coin which is the native currency of this platform.

Read:Binance Cryptocurrency: A Unique And Rapidly Growing Crypto Exchange

Binances fee structure is also unique. To start with they have 0.1% standard trading fee which is already quite less than other peers. You can even reduce your fee furtherif you pay your trading fee in BNB according to the below-shown structure.

To get started with Binance you need to register using your email ID and the process is quite simple & fast. Moreover, you get 1 QTUM coin as a kind gesture for registration which is limited to 10,000 QTUM coins on first come first basis.

Binance is one of the few exchanges that offers mobile app for iOS and Android. Being using it for a while, I find it too easy to trade cryptocurrency while on the move. You can watch this video to learn how to use their mobile app.

They also have aggressive plans like multi-lingual support, mobile apps for both iOS and Android users,Binance Angel Program, and theCommunity Coin Per Month etc for more adoption of their platform.

Register a free account on Binance

BitMex is high volume crypto exchange created by a talented team of economists, high-frequency traders and web developers for the crypto community.

Here you will never find any issues regarding the liquidity of your cryptocurrencies.

The primary currency traded on this exchange is Bitcoin and its future contracts.

Apart from Bitcoin contracts, one can also play around with future contracts for altcoins such as Bitcoin Cash, Ethereum, Cardano, Litecoin, Ripple.

The registration process on BitMex is quite simple where you just need to register through your email ID and their fee structure is also quite straightforward as shown below:

Trade On BitMex

KuCoin is another easy and hassle-free cryptocurrency exchange. KuCoin offers many popular and unique coin such as DragonChain, $KCS, and many others. Just like Binance, they offer a fully functional mobile app for Android and iOS.

To get started with KuCoin, you can deposit any crypto of your choice ex: BTC and start trading. Personally, I have been using KuCoin since last quarter of 2017 and they are getting popular day by day.

Get started with KuCoin

Changelly is one of the easiest ways to get ahold of various cryptocurrencies.

Changelly has a proven track record of consistently good products being put out into the crypto-space.

One of the best things about Changelly is that you dont need to go through any lengthy verification or registration process. You just log in with your email ID (or any email ID) and start exchanging!

Currently, it supports more than 35 cryptocurrencies along with fiat pairs such as USD/EUR. It is one of the best and easiest to use exchanges out there.If you want to know more, check out Harshsreview on Changelly.

When you use Changelly to exchange cryptocurrency, Changelly bots connect in real time to some of the best and busiest cryptocurrency exchanges in the market to get you the best price.

Usually, when using Changelly, a crypto-to-crypto exchange takes 5 to 30 minutes.

They charge a commission fee of 0.5% on each trade, which I think is minimal in exchange for the volatility and risk that they bear on behalf of their users. In addition to the commission, a miners fee is also paid by the user and is deducted directly from their crypto balance.

But all you need in order to buy from Changelly is aVISA/MasterCard (credit/debit card) or any Changelly-supported cryptocurrency and a wallet where you want to receive your new coins.

The procedure is very simple.

Head towardCoinSutras Cryptocurrency Exchange Changelly, and follow the steps given in thisguide.

Note:Though this guide shows how to buy Ripple in exchange for BTC, the process is exactly the same to buy any other Changelly-supported cryptocurrency.

And if you want to buy cryptos using a VISA/MasterCard, then here is their officialstep-by-step guide on doing that.(Even though this guide is for buying BTC using a VISA/MasterCard, the process is the same as buying any other Changelly-supported cryptocurrency.)

Check out Changelly

Huobi Pro is an internationalcryptocurrency exchangethat originated in China but now has moved across the world to serve a maximum number of investors. It is based out of Singapore and has been operating in this space successfully for the last five years.

As we speak, it occupies the #3 spot on CoinMarketCaps list of exchanges by volume and has 244 cryptocurrency pairs. Hence, needless to say, of this, you will never face liquidity problems on this exchange.

They also have mobile apps for bothAndroidandiOSfor users who want to trade cryptos on the go.

Theirregistration processis also pretty simple and straightforward, so go ahead and do the needful. Oh, and just so you know, the exchange fee is also pretty low. Have fun.

Do read,Huobi Exchange Review & Benefits of HT token: Can It Pull Off Another Binance?

Bittrex is aUS-based cryptocurrency exchange that provides you the option to trade more than 190 cryptocurrencies at a time. They are well-regulated and compliant with all of the current US rules, so crypto users need not worry about the safety of their funds.

Bittrex handles one of the largest BTC trading volumes out of all the exchanges in the world.

Here, the users (buyers/sellers) decide the rates in which they want to trade, and Bittrex charges them a small service fee for providing this platform (0.25%).

To get started with Bittrex, you need to register and log in through your email ID, but to withdraw funds, you need to do a KYC by submitting your ID documents and phone number, as well as enabling two-factor authentication for higher limits.

But one good thing about Bittrex is the account verification happens quite fast.

Bittrex supports two types of accounts:

Bittrex is a crypto-only exchange, meaning it doesnt allow you to deposit fiat currencies such as USD, EUR, GBP, etc.

They provide access to advanced trading tools like candlestick charts and crosshairs, but the user interface is quite clean and intuitive, so newbies should have no problems.

You can visit Bittrex and open a Bittrex accountby following this official step by step guide here.

Check out Bittrex

Founded by Tristan DAgosta, Poloniex has been operational since January 2014 and is undoubtedly one of the biggest cryptocurrency exchanges in the world.

It is based out of the United States and offers +100 cryptocurrencies to its users to trade.

When you talk about trade volumes, nothing beats Poloniex. In 2017, Poloniex had the highest volume for ETH because it supports an independent Ethereum market as well as a BTC market.

It is a crypto-only exchange, but you can start trading easily by depositing USDT (Tether dollars).

Poloniex also has zoomable candlestick charts for 5-minutes, 15-minutes, 30-minutes, 2-hours, 4-hours, and 1-day, along with a stop-limit feature for advanced cryptocurrency traders.

Poloniex charges a fee of0.15% to 0.25% on all trades depending upon whether you are a maker or a taker.

So if you are looking to trade a variety of altcoins, then you should give Poloniex a shot.

To get started with Poloniex, follow this official guide.

Remember: As soon as you sign up for Poloniex using your email,do make sure to enable two-factor authentication!

Check out Poloniex

Bitfinex is another one of the largest and most popular cryptocurrency exchanges out there.

Based out of Hong Kong and operational since 2014, it gives its users the option to trade the following 13 cryptocurrencies in exchange for USD or BTC:

Update: They have added a lot more cryptos recently.

Unlike Bittrex and Poloniex, you can trade using USD (with a wire fee of at least $20). Also, users will need to pay a trade fee which varies from 0.1% to 0.8% (details here).

Also, whenever you withdrawal or deposit anything, you are charged a certain fee:

On Bitfinex, if you are a pro-trader, you will find advanced trading tools such as limit orders, stop orders, trailing stop, fill or kill, TWAP, and others, along with different market charts.

To get started on Bitfinex, you need toregister,verify your ID, andauthenticateyourself. It typically takes 15-20 business days aftersubmitting valid ID proof before youre accepted into the platform.

And whenever you get bored with the web version or want to trade on-the-go, you can use Bitfinexs Android and iOS mobile apps.

Check out Bitfinex

Using the above cryptocurrency exchanges will allow you to buy almost all of the cryptos you could ever want to buy.

However, there are a few more cryptocurrency exchanges that you should have an account with, as there are a few coins that are only available there. Its a good idea to have an account on most of these, which will save time when you discover a winning coin.

Some of those exchanges are:

I will update this post as I find other trustable and feature-rich cryptocurrency exchanges. For now, you can consider joining our Telegram channel to stay updated with all thelatest info.

I hope these insights help you in choosing the best cryptocurrency exchange for you to use.

But one word of caution:

If you are storing cryptocurrencies on these exchanges for a few hours or even a few days for the sake of trading, then its probably OK. Otherwise, this is a bad practice.

Large-scale hacks like Mt. Gox can happen at any time. I would strongly recommend you to use the Ledger Nano S or a wallet like Exodus, where you can store a lot of different cryptos and control your private keys.

More:

7 Best Cryptocurrency Exchanges to Buy/Sell Any ...

A Beginner’s Guide to Cryptocoin Mining: What You Need to …

Mining cryptocoinsis an arms race that rewards early adopters. You might have heard of Bitcoin, the first decentralized cryptocurrency that was released in early 2009.Similar digital currencies have crept into the worldwide market since then, including a spin-off from Bitcoin called Bitcoin Cash. You can get in on the cryptocurrency rush if you take the time to learn the basics properly.

If you had started mining Bitcoins back in 2009, you could have earned thousands of dollars by now. At the same time, there are plenty ofways you could have lost money, too.Bitcoinsare not a good choice for beginning miners who work on a small scale. The current up-front investment and maintenance costs, not to mention the sheermathematical difficulty of the process, just doesn't make it profitable for consumer-level hardware. Now, Bitcoin mining is reserved for large-scale operations only.

Litecoins, Dogecoins, and Feathercoins, on the other hand,are three Scrypt-based cryptocurrencies that are the best cost-benefit for beginners.

Dogecoins and Feathercoins would yield slightly less profit with the same mining hardware but are becoming more popular daily. Peercoins, too, can also be a reasonably decent return on your investment of time and energy.

As more people join the cryptocoin rush, your choice could get more difficult to mine because more expensive hardware will be required to discover coins. You will be forced to either invest heavily if you want to stay mining that coin, or you will want to take your earnings and switch to an easier cryptocoin. Understanding the top 3 bitcoin mining methods is probably where you need to begin; this article focuses on mining "scrypt" coins.

As a hobby venture,yes, cryptocoin mining can generate a small income of perhaps a dollar or two per day. In particular, the digital currencies mentioned above are very accessible for regular people to mine, and a person can recoup $1000 in hardware costs in about 18-24 months.

As a second income,no, cryptocoin mining is not a reliable way to make substantial money for most people. The profit from mining cryptocoins only becomes significant when someone is willing to invest $3000-$5000 in up-front hardware costs, at which time you could potentially earn $50 per day or more.

If your objective is to earn substantial money as a second income, then you are better off purchasing cryptocoins with cash instead of mining them, and then tucking them awayin the hopes that they will jump in value like gold or silver bullion. If your objective is to make a few digital bucks andspend them somehow, then you just might have a slow way to do that with mining.

Smart miners need to keep electricity costs to under $0.11 per kilowatt-hour;mining with 4 GPU video cards can net you around $8.00 to $10.00per day (depending upon the cryptocurrency you choose), or around $250-$300 per month.

Now, there is a small chance that your chosen digital currency will jump in value alongside Bitcoin at some point. Then, possibly, you could find yourself sitting on thousands of dollars in cryptocoins. The emphasis here is on "small chance," with small meaning "slightly better than winning the lottery."

If you do decide to try cryptocoin mining, definitely do so as a hobby with a very small income return. Think of it as "gathering gold dust" instead of collecting actual gold nuggets. And always, always, do your research to avoid a scam currency.

Let's focus on mining scrypt coins, namely Litecoins, Dogecoins,or Feathercoins. The whole focus of mining is to accomplish three things:

You will need ten things to mine Litecoins,Dogecoins, and/or Feathercoins.

The rest is here:

A Beginner's Guide to Cryptocoin Mining: What You Need to ...

Cryptocurrency News: Looking Past the Bithumb Crypto Hack

Another Crypto Hack Derails Recovery
Since our last report, hackers broke into yet another cryptocurrency exchange. This time the target was Bithumb, a Korean exchange known for high-flying prices and ultra-active traders.

While the hackers made off with approximately $31.5 million in funds, the exchange is working with relevant authorities to return the stolen tokens to their respective owners. In the event that some is still missing, the exchange will cover the losses. (Source: “Bithumb Working With Other Crypto Exchanges to Recover Hacked Funds,”.

The post Cryptocurrency News: Looking Past the Bithumb Crypto Hack appeared first on Profit Confidential.

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Cryptocurrency News: Looking Past the Bithumb Crypto Hack

Cryptocurrency News: This Week on Bitfinex, Tether, Coinbase, & More

Cryptocurrency News
On the whole, cryptocurrency prices are down from our previous report on cryptos, with the market slipping on news of an exchange being hacked and a report about Bitcoin manipulation.

However, there have been two bright spots: 1) an official from the U.S. Securities and Exchange Commission (SEC) said that Ethereum is not a security, and 2) Coinbase is expanding its selection of tokens.

Let's start with the good news.
SEC Says ETH Is Not a Security
Investors have some reason to cheer this week. A high-ranking SEC official told attendees of the Yahoo! All Markets Summit: Crypto that Ethereum and Bitcoin are not.

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Cryptocurrency News: This Week on Bitfinex, Tether, Coinbase, & More

Cryptocurrency News: XRP Validators, Malta, and Practical Tokens

Cryptocurrency News & Market Summary
Investors finally saw some light at the end of the tunnel last week, with cryptos soaring across the board. No one quite knows what kicked off the rally—as it could have been any of the stories we discuss below—but the net result was positive.

Of course, prices won’t stay on this rocket ride forever. I expect to see a resurgence of volatility in short order, because the market is moving as a single unit. Everything is rising in tandem.

This tells me that investors are simply “buying the dip” rather than identifying which cryptos have enough real-world value to outlive the crash.

So if you want to know when.

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Cryptocurrency News: XRP Validators, Malta, and Practical Tokens

Cryptocurrency News: Bitcoin ETFs, Andreessen Horowitz, and Contradictions in Crypto

Cryptocurrency News
This was a bloody week for cryptocurrencies. Everything was covered in red, from Ethereum (ETH) on down to the Basic Attention Token (BAT).

Some investors claim it was inevitable. Others say that price manipulation is to blame.

We think the answers are more complicated than either side has to offer, because our research reveals deep contradictions between the price of cryptos and the underlying development of blockchain projects.

For instance, a leading venture capital (VC) firm launched a $300.0-million crypto investment fund, yet liquidity continues to dry up in crypto markets.

Another example is the U.S. Securities and Exchange Commission's.

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Cryptocurrency News: Bitcoin ETFs, Andreessen Horowitz, and Contradictions in Crypto

Cryptocurrency News: Bitcoin ETF Rejection, AMD Microchip Sales, and Hedge Funds

Cryptocurrency News
Although cryptocurrency prices were heating up last week (Bitcoin, especially), regulators poured cold water on the rally by rejecting calls for a Bitcoin exchange-traded fund (ETF). This is the second time that the proposal fell on deaf ears. (More on that below.)

Crypto mining ran into similar trouble, as you can see from Advanced Micro Devices, Inc.'s (NASDAQ:AMD) most recent quarterly earnings. However, it wasn't all bad news. Investors should, for instance, be cheering the fact that hedge funds are ramping up their involvement in cryptocurrency markets.

Without further ado, here are those stories in greater detail.
ETF Rejection.

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Cryptocurrency News: Bitcoin ETF Rejection, AMD Microchip Sales, and Hedge Funds

Cryptocurrency News: What You Need to Know This Week

Cryptocurrency News
Cryptocurrencies traded sideways since our last report on cryptos. However, I noticed something interesting when playing around with Yahoo! Finance’s cryptocurrency screener: There are profitable pockets in this market.

Incidentally, Yahoo’s screener is far superior to the one on CoinMarketCap, so if you’re looking to compare digital assets, I highly recommend it.

But let's get back to my epiphany.

In the last month, at one point or another, most crypto assets on our favorites list saw double-digit increases. It’s true that each upswing was followed by a hard crash, but investors who rode the trend would have made a.

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Cryptocurrency News: What You Need to Know This Week

Bitcoin Rise: Is the Recent Bitcoin Price Surge a Sign of Things to Come or Another Misdirection?

What You Need to Know About the Bitcoin Price Rise
It wasn't that long ago that Bitcoin (BTC) dominated headlines for its massive growth, with many cryptocurrency millionaires being made. The Bitcoin price surged ever upward and many people thought the gravy train would never stop running—until it did.

Prices crashed, investors abandoned the space, and lots of people lost money. Cut to today and we're seeing another big Bitcoin price surge; is this time any different?

I'm of a mind that investors ought to think twice before jumping back in on Bitcoin.

Bitcoin made waves when it once again crested above $5,000. Considering that it started 2019 around $3,700,.

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Bitcoin Rise: Is the Recent Bitcoin Price Surge a Sign of Things to Come or Another Misdirection?

Cryptocurrency News: Vitalik Buterin Doesn’t Care About Bitcoin ETFs

Cryptocurrency News
While headline numbers look devastating this week, investors might take some solace in knowing that cryptocurrencies found their bottom at roughly $189.8 billion in market cap—that was the low point. Since then, investors put more than $20.0 billion back into the market.

During the rout, Ethereum broke below $300.00 and XRP fell below $0.30, marking yearly lows for both tokens. The same was true down the list of the top 100 biggest cryptos.

Altcoins took the brunt of the hit. BTC Dominance, which reveals how tightly investment is concentrated in Bitcoin, rose from 42.62% to 53.27% in just one month, showing that investors either fled altcoins at higher.

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Cryptocurrency News: Vitalik Buterin Doesn’t Care About Bitcoin ETFs

Cryptocurrency News: New Exchanges Could Boost Crypto Liquidity

Cryptocurrency News
Even though the cryptocurrency news was upbeat in recent days, the market tumbled after the U.S. Securities and Exchange Commission (SEC) rejected calls for a Bitcoin (BTC) exchange-traded fund (ETF).

That news came as a blow to investors, many of whom believe the ETF would open the cryptocurrency industry up to pension funds and other institutional investors. This would create a massive tailwind for cryptos, they say.

So it only follows that a rejection of the Bitcoin ETF should send cryptos tumbling, correct? Well, maybe you can follow that logic. To me, it seems like a dramatic overreaction.

I understand that legitimizing cryptos is important. But.

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Cryptocurrency News: New Exchanges Could Boost Crypto Liquidity

Robbers Tortured a Man With a Drill to Steal His Cryptocurrency

Home invaders tortured a crypto trader with an electric to force him to give up his cryptocurrency, according to a Dutch newspaper.

Crypto Crime

A key promise of the digital cash known as cryptocurrency is its security — because only you possess the password to access your money, it’s presumably more safe than it would be at a bank.

But a grisly crime in the Netherlands — in which home invaders tortured a crypto trader in an attempt to force him to give up his coins — shows that there’s also a dark side to having total control over your own wealth.

Robber Squad

According to the Dutch newspaper De Telegraaf, a trio of robbers disguised as police burst into the home of an unidentified cryptocurrency trader in late February.

Then, in view of the man’s four-year-old daughter, they tortured the crypto trader with an electric drill — causing injuries so severe that he was hospitalized for five days, according to a follow-up story.

It’s not clear whether they obtained any of the crypto trader’s funds before leaving, but if he did turn over his password, the criminals could have transferred the money to an anonymous account almost instantly.

Followup

Dutch police were horrified by the crime, according to De Telegraaf, and dispatched 15 officers to investigate. The cops refused to comment, but police sources confirmed to the newspaper that the criminals were after the man’s cryptocurrency holdings.

Crypto news site CoinTelegraph pointed out that there have been other examples of violent criminals attempting to steal cryptocurrency, such as a Russian businessman who was held hostage until he surrendered his Bitcoin funds.

“If you are rich and you own real estate, or stocks or a sports team, somebody can’t mug you and take your sports team away,” Bitcoin engineer Jameson Lopp told The New York Times in 2018. “Having liquid crypto assets makes you much more attractive for that type of criminal attack.”

READ MORE: Bitcoin Trader Brutally Tortured With Drill in Cryptocurrency Robbery [The Independent]

More on cryptocurrency: Did a Crypto CEO Fake His Own Death to Abscond With $190 Million?

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Robbers Tortured a Man With a Drill to Steal His Cryptocurrency

Cryptocurrency News: This Week on Bitfinex, Tether, Coinbase, & More

Cryptocurrency News
On the whole, cryptocurrency prices are down from our previous report on cryptos, with the market slipping on news of an exchange being hacked and a report about Bitcoin manipulation.

However, there have been two bright spots: 1) an official from the U.S. Securities and Exchange Commission (SEC) said that Ethereum is not a security, and 2) Coinbase is expanding its selection of tokens.

Let's start with the good news.
SEC Says ETH Is Not a Security
Investors have some reason to cheer this week. A high-ranking SEC official told attendees of the Yahoo! All Markets Summit: Crypto that Ethereum and Bitcoin are not.

The post Cryptocurrency News: This Week on Bitfinex, Tether, Coinbase, & More appeared first on Profit Confidential.

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Cryptocurrency News: This Week on Bitfinex, Tether, Coinbase, & More

Cryptocurrency Price Forecast: Trust Is Growing, But Prices Are Falling

Trust Is Growing...
Before we get to this week’s cryptocurrency news, analysis, and our cryptocurrency price forecast, I want to share an experience from this past week. I was at home watching the NBA playoffs, trying to ignore the commercials, when a strange advertisement caught my eye.

It followed a tomato from its birth on the vine to its end on the dinner table (where it was served as a bolognese sauce), and a diamond from its dusty beginnings to when it sparkled atop an engagement ring.

The voiceover said: “This is a shipment passed 200 times, transparently tracked from port to port. This is the IBM blockchain.”

Let that sink in—IBM.

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Cryptocurrency Price Forecast: Trust Is Growing, But Prices Are Falling


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