Desperate people are known to do desperate things, but is that maxim also true for countries? Venezuela, a failing socialist state, has two competing presidents at the moment and an inflation rate of 1.7 million percent. Yes, that is correct. It is not a typo. Due to inflation and a host of other reasons, the…
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On the 6th of February, 2019, Opera announced that Opera users will not be able to buy cryptocurrencies directly from the website browser. The browser is the new Web 3, Opera for Android one that enables Android users to purchase cryptos. The new solution is made available to people in Sweden, Denmark and Norway. The…
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The idea that Iran is going to launch its very own stablecoin has been around for some time now. The country is undeniably working towards liberalizing its crypto space and embracing the technology of blockchain. Reportedly, Iranian banks have already launched their very own cryptocurrency, called PayMon. It is backed by gold. The four Iranian…
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The ravages of Crypto Winter have been most notable in the investment community, where 80% and sometimes more of crypto valuations have been lost during the long crypto bear market of 2018. The market is still searching for an absolute bottom, while the industry licks its wounds and pushes ahead with development efforts. These efforts…
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What a difference a few weeks can make in the Bitcoin investment community. Back on the 3rd of January, an exalted technical indicator was “suggesting Bitcoin is in its longest buying streak in six months.” Digital diehards were rejoicing. Bitcoin prices soon pierced $4,000, a level that had been described as a “titanium resistance level”…
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eToro, the global, multi-asset, investment platform, has just announced that it has added ZCash (ZEC) to its product range. This brings the total number of cryptoassets available on eToro to 14, including Bitcoin, Ethereum, Bitcoin Cash, XRP, Litecoin, Ethereum Classic, Dash, Stellar, NEO, EOS, Cardano, IOTA, and BNB. ZEC will also be added to eToro's CryptoPortfolio. ZCash…
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MyCrypto, Inc. has just announced that it has acquired Ambo, a company that aims to make cryptocurrency easy through the development of crypto wallets. With this move, MyCrypto will leverage Ambo’s technology and talent to build a suite of cross-platform mobile tools for mainstream digital asset investors. The open-source blockchain interface plans to expand into…
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The tiny Republic of Malta, in a fashion reminiscent of the old movie “The Mouse that Roared”, has suddenly become the “crypto-hub of the world”, as it promised it would be in mid-2018. According to MarketWatch and the December exchange report prepared by CryptoCompare: Malta is home to more than twice that amount of crypto…
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Bitcoin zealots and enthusiasts were jumping for joy last week when a Russian economist, a Professor Ginko, who works closely with the government, announced that Russia would soon be buying bitcoin. Before the professor could take a breath, the news went viral. He also noted that purchases could occur as soon as February of this…
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Mati Greenspan, Senior Market Analyst at FX broker eToro, has provided his daily commentary on traditional and crypto markets for January 22, 2019. Highlights include: Rising Inequality a Backdrop at Davos: The annual forum in Davos is a meeting of the world’s wealthiest to try to solve inequality, a problem that has risen following the…
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