What the market feels like right now is very similar to what it felt like back in 2015 when bitcoin was coming off its previous bear market.

Going back to November of 2013 bitcoin exploded up from a price of about $125 to reach a high of roughly $1150 in just six weeks. It was an unprecedented rise in wealth, and for many, the first time they ever heard about the digital currency.

As volatile as bitcoin is, it would not be able to hold this level for very long, soon after, bitcoin set in on a 14-month bear market falling all the way down to its low of about $190 a coin by January 2015.  Here is where it would slowly start to creep its way back up, staying under the radar for months before the majority started to take notice again.

When comparing the November 2013 high and the 14-months bear market that followed, with the December 2017 high with the 14-month bear market that followed, we see a lot of similarities.

Where we are now feels like an exact repeat of what we saw back in 2015, where the market, for the first time, started showing positive signs again.

Looking to the past is one of my favorite ways to predict the future. The price action of where bitcoin is in April 2019 is likely to follow a similar path to where bitcoin was in March 2015. It’s going to be a slow steady climb over the next several months, however, the next big price explosion is going to be a much shorter time gap than the previous 2017 rally.

Being that bitcoin is the mother coin of crypto, this is going to have a huge effect on the rest of the altcoins, especially the ones I have previously deemed to be the top project through extensive fundamental analysis and research.

What we do is help those interested in taking their cryptocurrency investing to the next level by finding the real price altering events and eliminating all the hot air. For those interested to learn more about how we profit from crypto, click here to see the time of our next presentation.

The post Is Bitcoin Price Action Real or a Fake Out? appeared first on Crypto Investing Insider.

Tron launched a Main-net at the end of last month, and by all accounts, it was very successful.  For those of you who aren’t sure what a Main-net is, we can tell you that blockchains usually have a Main-net, which is the one that transfers their cryptocurrency, and a Test-net.  As the name implies, this is only for initially testing the blockchain.

We are now waiting to see the token movement from the ERC 20 to the new blockchain protocol.  While this was going on the news came down that Tron bought out BitTorrent for the sum of $140 million.  This has been in talks for a while, but the recent report of the buyout has been published. While there are still details yet to iron out, and the shareholders are still yet to set this in stone, it is highly unlikely that this acquisition will not go through at this point.

Starting on the 21st of this month, the token migration will begin from the ERC 20 to the new Odyssey blockchain. This is a massive boost in confidence for Tron investors, and anyone else looking to invest their money into this company.  It is probably also a good thing for the market as a whole because it will introduce some more hype into the market that is now down under $400 Billion as of this writing.  The hope is that soon cryptocurrency will soon stabilize and bounce back up.

What we don’t know is how Tron expects to use this partnership, and exactly what plans it has for its growth.  Tron recently was heard to say that they plan to use this technology to “legitimize” its business. Many people initially thought that Tron was just a scam because its white paper didn’t inspire a lot of confidence in the company as some of its partnerships seemed to be fake. This is probably all about Tron trying to prove themselves to the world and show that they mean business when it comes to the cryptocurrency space.

BitTorrent can boast 170 million users across their suite of products, which is rooted in the entertainment industry as a peer to peer communication protocol (P2P). Their products allowing people to transfer files over the internet, and usually used for transferring things like TV shows, movies, music, etc.  P2P is collectively able to claim some 43 to 70 percent (as of 2009) of all internet traffic worldwide, and Tron, it seems, wants to have an entertainment powerhouse cryptocurrency dominating that network. So, for the investors in Tron, this is huge news that shows their investments may soon pay off richly.

So, for those interested in putting their money into cryptocurrency, who are daunted by the recent flatline activity of the industry, take heart as this could be one of those sparks that gets the fire burning hot again. If one was going to bet on which cryptocurrency to put their money on this one might have what it takes to get investors genuinely interested.

The post Tron Acquires BitTorrent: TRX Price Goes Up appeared first on Crypto Investing Insider.

So why isn’t Ripple the cryptocurrency that’s going to take the world by storm and replace all the centralized money to become the first world currency?  Well, to be honest, that was never Ripple’s goal and the company currently has not plans to take it down that path.

There are some very significant differences between XRP and other cryptocurrencies.  When you buy other coins you are also buying the company behind them, so when you buy BTC coins you are buying into the Bitcoin Company and making the bet that the company, and the coins, will increase in value over time.  But this isn’t the way it works with Ripple.

Opencoin, is the name Ripple first used when the startup began its operations in 2012, and then changed to its current name three years later.  They are based in San Francisco, and have around one hundred and fifty people working their jobs to keep the company sound. Their primary mission isn’t putting their coins on the market for everyone to buy, but instead are working at using blockchain technology to produce convenient banking software that allows banks to transfer money internationally.

Ripple sells something called xCurrent, xRapid, and xVia, and all three are designed to further the banking industry, which means that their product, and their company, are not really working towards de-centralization.  The flagship of Ripples product line is xCurrent, which allows banks to move money across international borders, and it uses Ripples blockchain to make this happen.  The software saves a great deal of time and money for banks who take advantage of it, and it isn’t risky for them to use as it doesn’t change their workflow in any significant way.  The product doesn’t use XRP, which means it isn’t volatile, which eliminated possible price fluctuation during transfers.

The next product they sell is xRapid, and it is designed to bolster liquidity when banks trade in emerging markets. This is the product that uses the XRP token, and banks like using it because it allows them to put the mountains of money they have to work, but this is risky due to the volatile nature of the coins it uses to move capitol.

The last product they sell is xVia, and this one is similar to xCurrent in many ways, and allows people to transfer money through banks.  This product also does not use XRP, and if it becomes as big as xCurrent, that will mean a very significant portion of Ripples business will have absolutely nothing to do with cryptocurrency.

Ripple the company is partnered up with hundreds of banks, which is good for the company, but none of them use the XRP token to conduct their money transfer services, so what value should the XRP token represent if hardly anyone is using it and it has almost no purpose?

Many people see Ripple succeeding in banking, which they are, but this is the company Ripple and not the xRapid product that represents the XRP token. Don’t be confused about this and purchase the XRP token thinking it might beat out Bitcoin or replace centralized currencies. The possibility of a correction happening soon is entirely likely, and for the investor this spells trouble.

Ripple would like to replace SWIFT, which is the society that currently moves all the money between banks across the world.  SWIFT, who earned only $31 million in 2016 sending vast sums of money through their network, is the focus of Ripple at this time.  As you can see this is not the business opportunity XRP would need to become a world currency.

Ripple also has competition in the marketplace for software that can move money around the world, and their main competitor is R3, who has software that completes same operations as Ripple.  The difference is, and probably why no one has really heard of them outside of the banking community, is because they don’t have a coin to offer.  But they are in seventy of the world’s biggest banks right now.

SWIFT, on the other hand, works with over eleven thousand banking entities, and puts more than 2600 people to work every day moving money around the globe.  Obviously, if they wanted to, SWIFT could develop their own blockchain, and use its business connections to roll it out.  If they can do this faster than Ripple can increase their user field, that would spell out bad news for Ripple the company.

Ripple owns about 60% of their XRP coins, and has locked up more than 55 billion of them.  If you are an investor, this should worry you a little, because you now only have the word of Ripple that any coins will be released for purchase soon.  They have promised that they will put a billion of these coins on the market for 55 months in a row, and they obviously stand to make significant gains by doing this.  However, will that translate into money for investors?

The possibility of regulation could also spell problems for Ripple, and they face the very same problems as the early coins that failed because they were connected to centralized banks. Even if xRapid is adopted in a big way by banks, the fact that the coin’s value is increased only through the holding of those coins until the value increases is a problem for cryptocurrency investors.  Banks will not want to hold these coins as they can’t handle the volatility, and this would cause the market cap to decrease significantly.

So, it seems that there are deep rooted issues with XRP that investors should consider.  A lot of things would have to go right for XRP to become anything truly important. Ripple is a great company with great products that can vault the company even higher without the help of cryptocurrency. While that might be significant for the company, it isn’t necessarily anything the average investor in XRP wants to hear.  Of course, that is entirely up to you, the investor.

The post XRP: Not Exactly What You Think It Is appeared first on Crypto Investing Insider.

The company will allow bitcoin to trade as non-deliverable forward future through its clients. There shall be no physical exchange of underlying asset but an exchange of the US Dollars where settlement is required.

CBOE Futures Exchange and the Chicago Mercantile Exchange offer the derivatives that allow traders to bet on cryptocurrency price without buying the underlying assets.

Bloomberg believes that for bitcoin Goldman will not act as a market maker, and in fact, it will decide who gets the derivatives on a case by case basis.

Citigroup, Bank of America Merrill Lynch and a Royal Bank of Canada are telling customers that they might not have access when future trading goes live the Wall Street Journal reported. Such announcements are the outcome of the bold decision made by Goldman to open crypto trading desk through its clients.

“Something that moves up and down 20 percent in a day doesn’t feel like a currency, doesn’t feel like a store of value,” Blankfein the CEO of Goldman told Bloomberg TV. He uttered these words in connection with the company’s strategy towards bitcoin.

Goldman Such has also decided to launch one of its very own bitcoin rivals which would be termed as Circle USD coin. This would be the first cryptocurrency that would be created and released by world’s leading financial giants.

How would this Decision by Goldman affect the People?

• Since Goldman is a big firm, its entry into the crypto market implies the fortunes of the nascent cryptocurrency industry.
• There might be an increase in liquidity profile for bitcoin and other cryptocurrencies.
• Institutional investors believe that in the current state, cryptocurrency investment is like venture capital investing for large investors.
• As even more institutional funds would pour into the market, the most noticeable impact would be on bitcoin’s trading volumes.
• Bitcoin might turn into a high risk/ high return asset, and it may also attract more risk-seeking institutional funds.
• There might be a corresponding increase in the trading of bitcoin derivatives. Other may emerge with heightened demand for hedging instruments.
• Bitcoin volatility may be calmed with the help of more liquid derivatives market because hedging reduces the need to churn positions.
• Bitcoin may also emerge as a competitive tool.

Bauerle believes that it would be a tempting proposition to hold bitcoin in physical custody once the trading derivatives have started. Goldman is not speaking much on cryptocurrency. The only statement that it issued in February was a prediction stating that the value of all cryptocurrencies might fall to zero in the near future.

Investing in cryptocurrencies and initial coin offerings is highly risky. It’s recommended to consult a qualified professional before making any financial decisions.

The post Goldman Sachs Investing in Cryptocurrenices: What Does this Mean for Investors? appeared first on Crypto Investing Insider.

The workshop titled “Decrypting Cryptocurrency Scams” is organized by FTC to continually protect consumers from misleading rewards and other illegal activities as more people step into the world of cryptocurrency systems like Bitcoin. Scams to be discussed are the faulty investment and business opportunities, bait-and-switch schemes, and clickbait-designed headlines on marketed mining machines.

The agency will invite the law enforcement sector, stakeholders, private-sector businesses, research organizations, and consumer advocacy groups so that consumers will be educated about the reported scammers as well as be empowered to avoid fraudsters.

It‘s free and open to the public, and it will be held on June 25, starting 1 p.m. at DePaul University, Chicago. Though pre-registration is not required, attendees are encouraged to register for the event at fintechseries@ftc.gov. (This link will send an e-mail to interested participants.)

FTC has been protecting American consumers from unfair business practices for over 100 years. It envisions America to have a “vibrant economy characterized by vigorous competition and consumer access to accurate information.” Any issue related to the economic life of every American is dealt by this agency.

Prior to the workshop announcement, FTC already publicized its aim to highlight its fight against cryptocurrency scams since 2014. During that year, FTC was behind the shutdown of Butterfly Labs, a Bitcoin mining equipment provider that charged fees to its consumers yet didn’t provide services efficiently and on time.

One of the agency’s latest complaints was filed against Bitcoin Funding Team and My7Network, two alleged scammers who promised consumers that their $100 initial investment in bitcoin could turn into $80,000 in monthly income. This complaint came days after Google decided to ban cryptocurrency-related ads.

“This year, we updated several policies to address ads in unregulated or speculative financial products like binary options, cryptocurrency, foreign exchange markets and contracts for difference (or CFDs),” said Scott Spencer, Google’s director of sustainable ads, in a blog post.

FTC lawyers have also filed a restraining order against four Florida-based investment organizers that were promoting cryptocurrency-related scams.

Because cryptocurrency and the blockchain technology are still developing, criminals find ways of using it to victimize people. Nonetheless, even if FTC continues to hold cryptocurrency fraudsters accountable for cheating consumers, it still encourages people to opt for innovative investment alternatives like cryptocurrency. It always proves to be transformative for the economy.

The post FTC to Conduct Workshop on Cryptocurrency Scams appeared first on Crypto Investing Insider.

The IoT has been incorporated into different products across several industries in recent times to make things easier for man. It isn’t surprising that the technology is now utilized in the cryptocurrency industry. The project which is popularly referred to as the blockchainless blockchain is aimed at providing crypto traders with a more secure and open market for conducting transactions faster and easier.

The project is named IOTA and has been publicly described as the next generation blockchain by its developers. However, whether cryptocurrency researchers and observers agree that IOTA is the so-called future of the blockchain space is highly debatable. The developers also asserted that the project is designed to rid the blockchain of all the issues currently faced by individuals who invest and transact through it.

The co-founder of IOTA, David Sonstebo has previously discussed that the new project is the first to go beyond the blockchain, thus eliminating the issues previously encountered with regards to miners as well as solving the major issue faced by investors which are the removal of the need to pay a transaction fee. Some cryptocurrency researchers argue that the company can’t substantiate this claim.

In other instances, the IOTA team of developers haven’t handled criticisms very well, especially those that have to do with the security holes in the project. The project received a warm welcome from many tech enthusiasts who believed that it’s really the future of the blockchain space, but shortly after, the negativity started to creep in. It’s reported that negative remark on the IOTA technology started last September after a group of researchers from DCI (Digital Currency Initiative) operated by MIT discovered something they believe to be a hole in IOTA’s code.

Is IOTA Coded Correctly?

The researchers reportedly argue that the developers of the project used a hash function known as P-Curl created in-house to secure the data on the system which isn’t accepted among cryptographers because it has not been studied and understood compared to those that are already in use in the cryptocurrency industry. Meanwhile, IOTA team of 150 developers and cryptographers stated in reply to the MIT researchers that their decision to use P-Curl is, in fact, intentional to block out other developers who may want to copy their open-source software.

Researchers have failed to make any sense out of this argument tendered by the IOTA team, as the basis of open-source software is to provide other developers with the opportunity to copy the technology freely. Other researchers believe that the project is vulnerable even with the hash function. However, the team didn’t take these criticisms well as Sergei Ivancheglo the co-founder of IOTA tweeted threatening remarks target at Ethan Heilman, a Boston University researcher who reported the vulnerability in the hash function.

Ivancheglo’s tweet made headlines and was a topic of discussion during the Financial Crypto 2018 conference which was held in February. Although this is nothing new in the cryptocurrency space, many researchers and observers argue that a threat of lawsuits may negatively affect and undermine the cryptocurrency space. This is because researchers try to analyze the actual state of projects and not just what the developers claim it to be thereby making thing more secure for both investors and developers.

Users and researchers may immediately report bugs when they notice them, which will invariably lead to a timely fix thereby preventing loses and inconveniences but this will not be possible if the developers are threatening lawsuits. For this reasons, cryptocurrency experts have entertained doubts with regards to the success of IOTA. The question of IOTA’s success can’t be asked without inquiring about the faith of its investors and users that are supporting the network with about $5.8 billion by market capitalization.

Is $4 Million in Losses Okay?

Other reports have revealed that although there’s no data stating that IOTA investors and users have lost as a result of the in-house created hash function, investors have lost a substantial sum of cryptocurrency amounting to $4 million as a result of what crypto observers believe to be ineffectiveness on the part of the developers. These observers argue that IOTA’s wallet didn’t feature a seed generator which was supposed to help investors and users to create keys that will be used to control their coins.

IOTA team of developers always have excuses to offer, and on this, they argued that the foundation provided users with a list of websites that are secured, but some users decided to visit websites that were not listed. They added that these naive individuals unknowingly gave their private keys away to the operators of the fake websites who stored keys that were created by users and then used it to steal their coins.

This argument didn’t absolve IOTA foundation from the blames as researchers argue that it’s the fault of the foundation that the funds were stolen as it should have taken steps to ensure that its official wallet featured a seed generator. Other observers have attributed IOTA’s failure to create a seed generator to malice as it’s something that should have been done with just a line of a simple code.

The code is short and straightforward, and yet it would have prevented the theft of the funds of IOTA users and investors. It’s believed that the failure of the IOTA foundation to accept liability for errors that are as a result of the vulnerability of its technology will undermine the project and scare aspiring investors away. These vulnerabilities and setbacks have given cryptocurrency enthusiasts a course to think that IOTA may not be the next generation blockchain its developers claim it to be.

The IOTA foundation may have made a massive mistake by not including a seed generator in their software, resulting in thieves figuring out a way to rip-off customers and investors, but is this really the negligence of IOTA or the people who trusted 3rd party sites with vast sums of money. When will people learn? There are always people looking to steal from us. If you give your private key away, or in this case your seed, what should one expect?

The post IOTA: The Next Generation Blockchain (Or Not?) appeared first on Crypto Investing Insider.

However, the fears of fans and investors were mitigated at the beginning of this week as the cost of the digital coin increased by about 13.5 percent. Bitcoin has maintained the same price range ever since with no significant increase or decrease in its value. It’s believed that this led Kelly to predict that the volumes of transactions in the cryptocurrency, as well as its cost, will likely increase significantly before the end of 2018. He predicted during an interview with CNBC earlier this week. Meanwhile, the analyst is not the first to predict an increase in the price of bitcoin.

Many strategists including Thomas Lee and Tim Draper have suggested that the price of the cryptocurrency will hit the roof over the next few years. During Kelly’s interview, he remarked with regards to the forecast made by draper stating that it is not unrealistic. Draper predicted that there are possibilities that the price of a BTC token could hit $250,000 by 2022 which is about 3,000 percent increase over a period of four years. Kelly supported this prediction and added that because bitcoin recorded a 4,000 percent increase in the past couple of year, the cryptocurrency would likely hit this record by 2022.

Is History on His Side?

If cryptocurrency enthusiast could remember, Draper predicted in 2014 when the price of bitcoin was about $320, that the cost of the cryptocurrency would skyrocket in 2017 to cost over $10,000, which turned out to be true. It may seem that Brian Kelly is not the only one that has high hopes that the price of bitcoin could skyrocket before the end of this year as the management of Pantera Capital – a cryptocurrency hedge fund revealed in their April newsletter that the price of bitcoin would hit the bar before the end of the year.

According to reports, the management added that the price of bitcoin which was about $6,500 at the time the statement was released is probably the lowest the cost that the cryptocurrency could hit and that the price will increase significantly to hit $20,000 before the end of 2018. This is not the first time the management of Pantera Capital is predicting with regards to the price of the cryptocurrency. At the fall of 2017, the CEO of the company, Dan Morehead reportedly predicted that the cost of bitcoin would likely drop about 50 percent before recording new high figures.

This prediction partly came to past as the cost of the digital coin fell drastically below $7000 in the past couple of months which is about 65 percent decrease. However, bitcoin price has risen and has maintained the same range throughout this week. It is still unclear whether these predictions are based on reasonable data or just a wild guess, but the bottom line is that they turned out to be true. Morehead also stated in the newsletter that this is just the beginning of the price increase as a wall of institutional money will contribute to the continuous rise in the price of bitcoin.

Wall Street is Finally Starting to Take Notice

Other reports earlier this week revealed that many different Wall Street players ventured into the cryptocurrency space, one of which is the venture capital arm of Rockefeller – Venrock that partnered with Coinfund, a cryptocurrency investment firm. It’s also reported that the executives at Goldman Sachs have left the company to join a cryptocurrency merchant bank operated by Michael Novogratz. Additionally, Soros Management Fund is reportedly prepping to venture into cryptocurrency trading. Morehead added that the current increase in the cost of bitcoin is a rare buy signal because it’s not wrong to buy something at $7,000 which previously cost about $20,000 and which is expected to cost more within a short term.

The CEO holds a strong opinion about the imminent rise in the cost of bitcoin, and he blamed the post new year decrease generally on the unintended tax position created by the value of the token. This tax position opinion compliments that made by Tom Lee, who stated that tax could be the culprit behind the general downturn of cryptocurrency market since the beginning of 2018. Many cryptocurrency analysts have submitted different opinions stating the reasons they believe to be behind the decline in the cryptocurrency market, which is treated lightly by crypto enthusiasts who are now looking forward to the outcomes of recent predictions.

There’s no assurance whatsoever on whether these predictions will turn out to be true but fans are hoping that it will. Even with the fall in the cost of bitcoin over the past few months, the cryptocurrency is still the biggest in the digital coin space, and as already stated above, there’s a rapid influx of investors. In addition, bitcoin is snowballing regarding awareness and acceptance. Bitcoin enthusiast holds strong opinions that the cryptocurrency will grow even more prominent. A blockchain marketplace executive stated earlier this year that the price of BTC would skyrocket sooner rather than later.

Although he did not state explicitly when this price increase will take place, the CEO of distributed marketplace Shopin, Eran Eyal noted during an interview that the current bitcoin analysis shows the price is likely to grow more prominent to surpass $100,000. That’s one heft bitcoin price prediction, being so, now is the best time to invest in the cryptocurrency. However, many investors are yet to recover from the post new year price drop. The negative attitude of financial institutions and experts toward the cryptocurrencies is also a contributing factor to the reluctance of many other aspiring investors.

The post Is Bitcoin Setting Up For Another Boom? The Bitcoin Price Analysis Says So appeared first on Crypto Investing Insider.

XRP fans harbor the belief that it has a tendency to grow even bigger than Bitcoin, but the cryptocurrency has failed to acquire a listing on popular exchanges like Coinbase and Gemini. Meanwhile, it has been reported that the failure of Ripple to obtain a listing in any of the major exchanges will not be attributed to lack of trying as the company offered to make payment in order for XRP to be listed on top exchanges last year. However, it’s not clear if these details hold any truth, because both companies are yet to release any public statement in this regard.

The inability of the company to obtain a listing on the major exchanges has led many financial experts to conclude that the future of the virtual currency may be hanging on a thread. This is in addition to the recent announcement by the United State’s officials warning exchanges that are not licensed to avoid listing cryptocurrencies that are regarded as securities.

During the same period, XRP tokens suffered heavy losses after Coinbase publicly debunks rumors of imminent listing. Other reports suggest that the executives of Ripple offered a cash payment of $1 million to Gemini in order to persuade the exchange to list XRP on its platform. Rumors also have it that the company resorted to strategies such as offering to cover cost and rebates in order to convince the exchange to list its token.

An unidentified person who was privy to a preliminary discussion between Ripple and Coinbase last year reportedly revealed that the former stated that it’s willing to lend XRP tokens worth a massive $100 million to the latter to kickstart the exchange of the tokens on the exchange platform. However, updates earlier this year revealed that both Coinbase and Gemini declined the offer from Ripple without stating their reasons publicly. Financial experts hold the opinion that it’s not unusual for a cryptocurrency company to pay in order for its token to be listed by an exchange. The procedure is estimated to cost about $3 million as revealed by an update from Autonomous Research.

Moreover, it‘s believed that if XRP is categorized as a security, then it will become even more difficult for the company to obtain a listing on any cryptocurrency exchange. This is because the digital coin will go from being classified as a cryptocurrency to a stock thereby requiring it to meet the conditions that regulate similar assets. The financial company reportedly intends to create a payments system for banks across the globe and many individuals have used the coins as securities as well as an alternative way to move money across different continents without any difficulty.

A massive sum of money is transferred across the globe on a daily basis via numerous network of banks, thereby leading to a slow distribution of money or even inflation. Since its inception, the San Francisco based company has taken active steps to change these by improving the cash circulatory system using what is referred to as an internet of value.

Although XRP has encountered some setbacks just like other tokens in the industry, it recorded a whopping 1,300 percent increase in value in 2017 thus leading to the financial success of many of its executives. It is believed that banks are the major investors in XRP. They reportedly use tokens to transfer cash from one place to another at a lesser cost. In contrast, banks have claimed that they are not interested in using XRP.

Reports have revealed that the past and current executives of seven banks across the globe stated that the chances of entrusting the assets of clients to a cryptocurrency are thin. It’s important to state that the executives who pleaded anonymity have previously partnered with the company. Even with the ups and downs encountered by the company, its investors are not backing out any time soon. Words on the street reveal that Ripple may be able to obtain a listing of its tokens in the United States very soon. The company’s official website stated that there are 100 billion tokens of XRP with Ripple holding up to $80 billion of the entire asset. The company also stated that it has sold over $185 million XRP tokens since 2016.

The Chief Executive Officer of Ripple, Brad Garlinghouse stated that the tech company is currently working with over a hundred banks including Banco Santander SA and Standard Chartered Plc to change the way these institutions handle their client’s payments. It is reported that United Kingdom division of Standard Chartered Plc is currently working on a mobile application that uses Ripple technology to transfer payment across the globe.

Cryptocurrency enthusiasts believe that now is the best time to invest in Ripple as larger profits could be recorded in the nearest future because of the low price of the token which falls below a dollar.

The company offers a better way for the financial institutions to adopt the use of cryptocurrencies with its swift transaction speed and more than one hundred have already embraced it. There is also a high possibility in the increase of the price of XRP as a token of the cryptocurrency cost about $0.006 at the beginning of last year, which is about 15,000% at the end of the same year.

The tech company could be the much-anticipated catalyst in making virtual coins more mainstream. It’s also important to focus on building awareness for the digital coin as well as making it available to interested buyers just like other cryptocurrencies that can be purchased in fiat. Garlinghouse also stated in another interview that Ripple has to walk hands in glove with regulators if it intends to progress and achieve its objectives

The post Ripples Continuing Efforts to Buy Itself Onto a Major Exchange Prove to be Futile appeared first on Crypto Investing Insider.

Rewind to the beginning of 2017 and hardly anyone could name a cryptocurrency other than bitcoin. Today it seems wherever I go, the first thing people want to talk about is what cryptocurrency am I recommending? Everyone wants to make that big payday blockchain investment while staying clear of the latest crypto-scam.

Scams have made headlines since the inception of the internet and with the advent of cryptocurrency, the topic is still trendy. Scams in the cryptocurrency space, both recorded and unrecorded, continues to multiply on a daily basis, with recent updates suggesting that about $9 million is lost daily to cryptocurrency scams.

The most popular types include Ponzi schemes, fraud, phishing, initial coin offering (ICO) scams, hacking, fake application, and even theft. Although this is heartbreaking, it’s believed that individuals who indulge in these distasteful activities, both the investors and the operators of the schemes, are forced to do so by their station and financial status. Cryptocurrency enthusiasts hope that the scams in the industry will be reduced to a minimal level as technology advances rapidly.

However, it’s clear that with the advancement of scams, there’s also the further development of increased sophistication and higher frequency. New strategies to scam investors are devised on a regular basis and the population of individuals who engage in these schemes continues to grow. It’s believed that the scams in the cryptocurrency industry are what has set the government of many nations as well as financial institutions and experts against the notion of digital coins.

In recent times, financial institutions and even search engines and social media platform have taken active steps to reduce or ban transactions and ICO ads from their platform. Financial experts have also dedicated time and resources to educate investors across the globe of the risk involved in putting cash into digital coins. Meanwhile, the number of investment in this virtual currency continues to multiply.

A few financial experts have taken a different stand, stating that investors are not to blame for putting their money into something as uncertain as cryptocurrency investment, rather their impecuniosity should be seen as the culprit.

It’s true that a substantial proportion of the population has close to zero investment opportunities. The heat of this situation can be safely blamed when such individual decides to invest in get-rich-quick schemes in the cryptocurrency space or even partake in such activities. For instance, Ponzi schemes promise to reward its investors with a substantial amount of money within a short period of time, which sounds exciting to individuals who tirelessly search for ways to make ends meet.

It’s believed that the risk in the cryptocurrency space is not half as much as that in the lotto and gambling industry, yet the government legalize it and forbid cryptocurrency transactions. Statistically, it’s estimated that about half of United States adult play the lottery. This a large number and if an average lottery player wages $5 a week, it will amount to $260 annually, which is almost a certain guaranteed loss.

It’s important to state that this figure does not include the money spent betting on illegal gambling schemes such as online poker or sports betting where the figure may be quadrupled. Cryptocurrency, on the other hand, is believed to be a risky exercise that offers no guarantee or consumer protection, but this point can be safely argued otherwise.

A smart and intelligent cryptocurrency investor can convert a meager capital into a substantial sum of money in the digital coins space, but no matter how disciplined a gambler is, the improbabilities in the betting industry are unimaginable. There are over 1500 cryptocurrencies and this number is rapidly increasing on a daily basis. After calculating the possibility of growth and profit, an investor can easily purchase the digital coin he desires to own right from the comfort of his home with no intermediaries or involvement of any governmental or financial institutions.

Cryptocurrency investments provide ample unprecedented opportunities for investors. Storing cryptos in vaults or online wallets, waiting for its value to multiply may sound like a child’s play to many financial experts but it‘s better than the lottery, as it gives individuals a total control over their assets.

Furthermore, no matter how little your investment or how risky a cryptocurrency investment is, a skilled and hardworking person can make substantial returns in no time. New investment opportunities continue to evolve in the cryptocurrency space. This even gets better as digital coins are now easily procured with the development and installation of cryptocurrency automated teller machines (ATM).

In March, reports states that two cryptocurrency ATMs where installed in Georgia in order to make the exchange of bitcoins and Litecoins hassle-free with support for Ethereum and Dashcoin expected in the near future. Many online stores now allow customers to pay for goods with digital coins with lower fees compared to the traditional currencies.

In addition, a new concept known as Bitcoin IRA provides investment opportunities for retirees. It helps to create a cryptocurrency IRA investment account that can be benefited from retirement. Retirees will only have to pay fewer fees compared to that of the traditional currency plus, they just have to sit and watch their investment grow in the cryptocurrency space.

Cryptocoins are rapidly growing in terms of awareness, acceptability, and investments. It can now be used to make payments for products from local and international stores ranging from the purchase of groceries to the management of online contents as well as the procurement of digital assets.

Even with the risks, high volatility, scams and hacking activities in the cryptocurrency space, it still provides innumerable investment opportunities for its users and it’s believed by many cryptocurrency enthusiasts that this is just the beginning. The industries are projected to grow like wildfire over the next decade, providing new investment opportunities and revolutionizing financial institutions in ways that were practically impossible with the traditional currencies. Digital coins provide everybody with equal opportunity to own it and take part in the growth of the industry over a period of time.

The post Cryptocurrency Investing — Why Some Get Scammed While Others Get Rich appeared first on Crypto Investing Insider.

Is bitcoin done? Or is it the best buying opportunity we will ever see again?

Bitcoin has tumbled below $7000 for the first time since February, by doing so, has entered one of the strongest bearish technical signals, the dredged “death cross.”

This is where the 50-day moving average crosses the 200-day moving average, what we would consider a negative technical indicator that’s associated with downward market trends. As indicated below, the 50-day moving average has just touched the 200-day moving average.

The post The Dredged Death Cross Emerges — Will Bitcoin Go Bust? appeared first on Crypto Investing Insider.