CryptoTraderNews Archives - Page 15 of 20

MondayJul 01, 2019 12:10 pm

Sentiment on Facebook’s Calibra Wallet

Bitcoin crossed $13000 and this fueled a positive sentiment throughout the crypto space. On decoding the bull run we found that Facebook’s announcement of Libra coin, its 20+ partners firms, and the excitement over the Calibra wallet set the bull raging to the moon. It reinstated the faith of crypto traders waiting for another bull run by the end of 2019. Facebook Announced Calibra – a digital wallet After announcing the revolutionary currency ‘Libra Coin’, Facebook shared plans for Calibra, a newly formed subsidiary to provide financial services to participants in the Libra network. Naturally, there was speculation around Facebook…

FridayJun 28, 2019 11:11 am

Want to Use Facebook’s Crypto? Be Ready to Sacrifice Your Privacy

The news about Libra has set the internet ablaze with talk and speculation galore. It seems that just about everyone has something to say about it and of course we’ve covered our fair share of Facebook/Libra-related topics of late ourselves. However, one thing I think that needs to stand out to everyone, current crypto-enthusiasts and future Libra users alike, is that this is Facebook and private data we’re talking about here. In this day and age, with not only the “possibility” of malicious users attempting to detect and exploit platform vulnerabilities but the absolute certainty, it’s utterly mind-melting that just…

ThursdayJun 27, 2019 11:48 am

Banking Giant JP Morgan To Launch Their Own Digital Currency

J.P.Morgan, the banking giant is launching its own coin in a bid to transform the payments industry. JPM coin will facilitate payment settlement between clients with a small fraction of payments scheduled for a pilot program in a few months from now. J.P. Morgan is the first major U.S. bank to launch a digital currency. According to reports, JPM coin would be backed by USD, similar to other stablecoins like USDT and TUSD. Umar Farooq, the bank’s head of digital treasury has said, “Anything that currently exists in the world, as that moves onto the blockchain, this would be the…

WednesdayJun 26, 2019 10:56 am

5 Altcoins That Could Overthrow ETH

Active crypto traders are always on the lookout for the best opportunities in earning profits and increasing their portfolios and wealth which often means looking in other places beyond the top two cryptocurrencies. But there are five altcoins that could potentially overthrow Ether (ETH) from its number two spot. In this new age of crypto and blockchain, recession and economic crises have made investors turn to cryptocurrency as a safe haven to park their funds and continue to stay active in trading. In countries like India, where rumor of banning crypto altogether with the possibility of jail time has actually…

TuesdayJun 25, 2019 12:28 pm

Facebook’s Cryptocurrency Libra and What You Should Know

Facebook’s new global currency “Libra” has been anticipated for the past two years as rumors about Facebook’s cryptocurrency over the last year. Now that Facebook announced its highly anticipated cryptocurrency will launch with 100 distributed computer nodes and servers at launch, backed by key players from all sectors of the economy, Libra promises to work alongside the existing financial system. Expected to launch in early 2020, Libra is slated to be a stablecoin backed by Fiat currencies and securities. Libra is backed by 27 partners including some of the world’s largest corporations. The partners will oversee Libra’s operations through an…

MondayJun 24, 2019 12:32 pm

Most Profitable Cryptocurrencies Mined in 2018

Right now the digital currency market is going through a period of upheaval, but that has not diminished how lucrative or how competitive cryptocurrency mining can be. Nothing but substantial growth is expected from it in the coming years, offering real profit opportunities to real people. The recent drop in value of cryptocurrency was expected to affect the hash rate, but it’s important to note that there has been no indication of a negative impact. Instead of declining, the hash rate for Bitcoin has increased. Bloomberg reported the increasing hash rate indicates that, “mining is still profitable for many players…

FridayJun 21, 2019 10:57 am

What Is Nexo and How Do Crypto Loans Work?

There’s been a lot of talk about how cryptocurrency has the ability to compete with institutions through democratization, but there’s been minimal focus on its actual capabilities. You’ve probably heard plenty of discussions about how crypto offers financial services to the unbanked population or how it makes it easier for people to connect with lenders and investors. But how? If you’re tired of listening to the same conversations, there’s a platform you might be interested in called Nexo. Nexo is a blockchain-based loan system developed by Credissimo, a FinTech company based in Malta. It’s the world’s first instant crypto loan…

ThursdayJun 20, 2019 1:07 pm

Is Bitcoin the “Gold Standard” of Crypto?

We ask the question, is Bitcoin the “gold standard” of crypto? According to Datalight’s research, if you invested $100 in the top 15 cryptocurrencies ranked by market cap, Bitcoin would still yield the highest results compared to all the rest. To give you a point of reference, $100 invested in Bitcoin in 2009 would be worth over a million dollars now. It’s true that new cryptocurrencies get added every week, but Bitcoin’s dominance has steadily moved upwards of 50% over the last few years and market analysts predict that it will only increase. Bitcoin’s market has shown a lot of…

WednesdayJun 19, 2019 11:09 am

Predicting A $20K Bitcoin Bull Run

Bitcoin’s historic bull run of December 2017 raised a lot of eyebrows and brought a lot of attention to cryptocurrency on mainstream news and media outlets. Unfortunately, the market cap plummeted by almost 80% and the sell-off post-December was fueled by FUD and the bubble popped. Billions of dollars were shaved off traders’ portfolios in a matter of weeks and people speculated whether Bitcoin and other digital assets were dead. It was a long crypto winter. Not all things were doom and gloom. Since the bull run of 2017, followed by the market correction, the cryptocurrency market witnessed higher adoption,…

TuesdayJun 18, 2019 11:03 am

Nexus Mutual | Quick Overview

There’s a variety of interesting projects going on in the crypto space today, so much so that it can be easy to overlook some of the more compelling ones that might have more staying power. Let’s take a look at Nexus Mutual and understand why this particular project may have staying power within the cryptocurrency industry. We will take a look at Nexus Mutual and dig into why it may matter. We start with the premise that great products are customer centric and help to improve the experience of the end user in some form or fashion. A company like…