CryptoTraderNews Archives - Page 14 of 20

TuesdayJul 16, 2019 10:47 am

Bitpoint Recovers $2.3m, Only $28m More to Go

According to the local English language daily, The Mainchi, the crypto exchange Bitpoint has discovered a little more of the $32 million that was mucked last week. Bitpoint was initially attacked on July 12 with hackers netting about $23 million USD from funds belonging to customers while about $9.2 million belonged to the exchange itself. The report from The Mainchi went on to say that Bitpoint’s latest recovered funds were on overseas exchanges and that the amount, about 250 million yen/$2.3 million USD, along with that already recovered brings the loss down from 3.5 billion yen/$32 million USD, to about…

MondayJul 15, 2019 12:54 pm

Litecoin and the Miami Dolphins

Are you ready for some football? As the National Football League hits their 100th season this year, the Litecoin Foundation was pleased to announce their partnership as the “official cryptocurrency of the Miami Dolphins” during the 2019 NFL season. What does this mean to football fans? This collaboration will tap into the cryptocurrency world and football fan base by allowing attendees to pay for the 50/50 raffle tickets with crypto, which supports the Miami Dolphins Foundation and its charitable causes. There has not been specifics on whether in-stadium purchases for food or souvenirs can be purchased with LTC, but this…

FridayJul 12, 2019 11:08 am

5 Bitcoin Weaknesses that need to be addressed

So you want to learn about bitcoin weaknesses? Let’s get started. Bitcoin is known as the world’s primary and leading cryptocurrency. When people think cryptocurrency, they think bitcoin first. The rise of bitcoin even helped to bring the value of the blockchain to the world. But even while being the world’s top cryptocurrency by market cap, Bitcoin comes with its fair share of weaknesses. Knowing about said weaknesses is important if you ever want to invest in the digital asset, especially if you want to do so with a large amount of money. What are the Most Apparent Weaknesses of…

ThursdayJul 11, 2019 9:56 am

Facebook’s Libra vs Telegram’s TON

Telegram and Facebook are two social media giants that have announced their cryptocurrencies in the past year. These two are arguably the most popular blockchain projects in the industry at the moment. Telegram’s coin TON and Facebook’s Libra are indeed promising, and in this article we dive into a comparison between the two. We take into account the history of their creation, public opinion and key features. What is TON? Telegram Foundation announced their token, Telegram Open Network (TON) in early 2018 and shared more info on the ICO a few weeks from the announcement. The ICO intended to raise…

WednesdayJul 10, 2019 11:15 am

Everything Wrong with ERC20 Tokens

Every once in a blue moon certain tools and innovations that were meant to make our lives easier inadvertently result in unforeseen repercussions that tend to overshadow their initial benefits. We’ve seen this time and again with medications as well as various investment opportunities but few in recent years have garnered as much disappointment as Ethereum’s ERC20 tokens. The possibilities for smart contract usage is exciting indeed, it’s a subject I’ve discussed several times in the past and I still have high hopes for the technology. Ethereum was first on the block so to speak and in order to entice…

TuesdayJul 09, 2019 11:50 am

Top Coins Worth Mining in 2019

When Bitcoin was launched in 2009, it was mined using basic computers and mobile phones. While the complexity of mining has increased exponentially in the past decade, especially for Bitcoin, there are several altcoins and tokens that are profitable to mine. There are many altcoin mining opportunities that use GPU or CPU though it’s important to state that most serious miners lean toward powerful ASIC rigs and other mining equipment which also requires ample space and cheap electricity. The coins that are mined using such a setup often cannot be mined at home because the cost of electricity and stability…

MondayJul 08, 2019 12:34 pm

Top 5 Worst ICO Scams

Sure, there’s been some great ICOs in our time and quite a few of you reading this may have even made a few bucks or so on some of them. However, as we all know, scam ICOs have effectively squashed investor excitement and all but killed the ICO industry. ICO “exit scams” happen when cryptocurrency startups collect money from investors through initial coin offerings (ICOs), only to quickly disappear along with said investor funds. Another rather lucrative scam is the claiming of a “hack” that results in the loss of investor funds. While it’s hard to actually prove these type…

FridayJul 05, 2019 11:44 am

5 Blockchain Projects That Can Compete With Facebook’s Libra

As of right now, Libra continues to dominate the conversation around blockchain and cryptocurrency. When implemented, it’ll bring cryptocurrency to approximately 2.38 billion people worldwide. That is, of course, if it doesn’t get shut down by various governments around the world before it has a chance to take off. Assuming everything does run smoothly and Libra launches without a hitch, does this spell the end of the blockchain community as we know it? Not likely. While Facebook has a long track record of purchasing or shutting down their competitors, the blockchain community is an entirely different market. It’s founded on…

WednesdayJul 03, 2019 1:09 pm

3 Reasons Why Bitcoin Is a Better Investment Than Gold

For thousands of years, gold has been seen as a valuable commodity by many civilizations across the world. What’s strange about this is that gold has few practical uses. Sure, we now know that gold is great for transmitting data and is commonly used in electronics. But for most of history, it was a rare metal that was pretty to look at, but you couldn’t do much with it. Still, people and states alike used gold as a store of value. The United States didn’t move away from the gold standard until the 1930s, and even then, they didn’t completely…

TuesdayJul 02, 2019 11:10 am

Crypto Exchanges – Picking The Right One

Earlier this week Bitcoin crossed $13,000 and there are new traders looking for legitimate and safe crypto exchanges to begin trading on, but did you know that there are over 600 cryptocurrency exchanges? How does one choose in the midst of so many choices? There are a key features that must be taken into consideration when beginning to trade on any exchange. Think about what your needs are and start researching which exchanges meet those needs. There are global crypto to crypto exchanges as well as local fiat to crypto exchanges. Each has specific benefits trying to cater to their…