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More Competition in Crypto-to-Fiat Arena Good News for Cryptocurrency Investors

Mass adoption of cryptocurrencies is one of the keys to future price growth. As long as cryptocurrencies remain the domain of technophiles or are accepted as payment only by a handful of companies, their future will be insecure. But thanks to numerous entrepreneurs, reaching out to encourage mass adoption is becoming more and more common. One of the important things to increasing the adoption of any new currency is making sure that those who hold the currency don’t feel like [...]

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Cryptocurrency Used for Criminal Purposes? Not Really, Data Show

Cryptocurrencies such as Bitcoin quickly developed a reputation shortly after their introduction as being used by cybercriminals to engage in behavior such as drug dealing, human trafficking, and terrorist financing. Many who may have wanted to become early adopters of cryptocurrencies shied away from them as a result. And many others who did try to use or accept cryptocurrencies found themselves having their bank accounts shut down as soon as they tried to purchase cryptocurrencies. While we always knew [...]

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Original BTC Is Still in Play: Who Owns It?

Because Bitcoin was so obscure for much of its beginnings, and because so many bitcoins were mined early on before mining difficulty increased, the Bitcoin ecosystem contains a relatively large number of “whales,” large accounts that hold huge numbers of bitcoins. Often you’ll see a whale defined as a holder of more than 10,000 BTC, of which there over 100. That’s over $90 million in Bitcoin, and that’s a fair number of people who control that much, at least [...]

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Interest in Bitcoin Grows From All Sides

Buoyed by all the news coverage of Bitcoin’s halving, interesting in Bitcoin and cryptocurrencies continues to grow from all areas. And with Bitcoin flirting with once again breaking the $10,000 barrier, this year could be the biggest year for Bitcoin and cryptocurrencies since 2017. Search volume queries for Bitcoin’s halving were far higher this year than in 2016, indicating significantly higher interest in Bitcoin. Back during the last halving, in the summer of 2016, Bitcoin was worth about $650, so [...]

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Bitcoin Price Continuing to Rise as Big Names Endorse It

While Bitcoin may continue its popularity among both consumers and cryptocurrency investors, it’s not just ordinary investors who have come around to the benefits of the cryptocurrency. Prominent investors and financial market movers are increasingly touting the benefits of Bitcoin, and increasing their investment positions in it. One of those prominent investors who has become a Bitcoin believer is Paul Tudor Jones, a legendary hedge fund investor. He recently professed his belief that Bitcoin right now is behaving very similar [...]

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Not Just Ordinary Investors: Bitcoin Whales Buying More Cryptocurrency

The Bitcoin ecosystem has for years been influenced by the large number of Bitcoin “whales.” These large investors are in many cases the first movers who got into Bitcoin when it was still in its early stages, taking advantage of early mining ease and low Bitcoin prices to build up their holdings. Many are the mythical “Bitcoin billionaires” who enticed many an early investor to jump into Bitcoin. Right now whales are defined as wallets that hold 10,000 or more [...]

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Will Cryptocurrencies Still Be Around in 10 Years?

Barely a decade after the introduction of Bitcoin, cryptocurrencies are gaining momentum and really entering the monetary and investment mainstream. You can now use Bitcoin, Litecoin, Ethereum, XRP, and numerous other cryptocurrencies to make purchases at hundreds of online retailers, and even at physical points of sale. You can invest in cryptocurrencies with a cryptocurrency IRA, even rolling over existing retirement assets into a cryptocurrency IRA in order to take advantage of cryptocurrencies’ growth potential. But will cryptocurrencies be [...]

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Facebook’s Libra: It’s Still Around, Just Reimagined

When Facebook first went public with its Libra cryptocurrency project, it was met with widespread disapproval from legislators and regulators around the world. The backlash was severe, with legislators threatening to hold hearings and introduce legislation to stop Libra, regulators expressing skepticism that Libra could comply with existing regulations, and even international organizations piling on against Libra. As a result, Libra has been out of the news for months as Facebook laid low. But if you thought Libra was [...]

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Will the Dutch Beat the Chinese to the Punch in Creating a National Digital Currency?

China has been beating the drums for a while about trying to create a national digital currency. The People’s Bank of China (PBOC) has proclaimed for months that a digital yuan was imminent. The spread of the coronavirus seems to have delayed those plans for a while, yet it also highlights the fact that in an era of pandemics, digital payments are going to be far preferable to cash payments. But will the PBOC get beaten to the punch [...]

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More Evidence Shows Increasing Number of Bitcoin Users

Mass adoption of cryptocurrencies is the end goal that every cryptocurrency enthusiast longs for. Since the development of Bitcoin in 2009, cryptocurrencies have been seen as a fringe concept that only the most technologically savvy can understand. Even today, with Bitcoin and cryptocurrency being familiar terms to an overwhelming majority of the population, only a small percentage of people are active users of or investing in cryptocurrency. But that may be changing. With the onset of the coronavirus, the spread [...]

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