Author: Anna Galvez

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Crypto

Bitcoin Center, Based in Manhattan, Was The Host For Bitcoin (BTC) Enthusiasts Who Still Put Their Trusts In The Cryptocurrencies Market

At the Bitcoin Center, in Southeast Manhattan, in New York, the most loyal Bitcoin (BTC) enthusiasts want to continue to believe in the bright future of this cryptocurrency, despite the past weeks’ prices drops and a reduction in the regular enthusiasm related to cryptocurrencies market.

“Two months ago we could not breathe here, there were so many people we had to leave people out,” says Nick Spanos, founder of the Bitcoin Center, based in a back room of a restaurant in the neighborhood of East Village serving as a base camp for followers of the Bitcoin (BTC) crypto coin.

On this Thursday, a few hundred BTC enthusiasts were there to exchange Bitcoin (BTC) via a smartphone brokerage applications, enjoy the free buffet, or listen to Nick Spanos.

As another sign of the interest slowdown, the weekly number of searches on Google with the term Bitcoin is 5 times lower than the peak of Google searches for the Bitcoin (BTC) currency in December.

Bitcoin (BTC) investment, as well as with any asset on cryptocurrencies market, is not a “get rich quick” scheme

“I panicked at the end of December,” said Zalman, a 24-year-old digital assets enthusiast who does not give his last name. He made his first purchases a few months before the price spiked, in December 2017.

“The drop was hard to digest even though I knew the course could not go up forever, I did not sell because I believe in the technological revolution behind it [Bitcoin blockchain technology],” he says.

“But then it was enough for me to remember the 2013 bubble to convince me to keep my bet,” he adds in reference to the dip in the course of the Bitcoin (BTC) in 7 days, from $1,137 on November 29th, 2013 to nearly $600 seven days later before a rebound in stride.

It is these recent investors, attracted by a sharp rise in prices at the end of last year, who really suffered from the cryptocurrencies market volatility.

“New Bitcoin (BTC) investors who entered the market when bitcoin was worth $19,000 are disappointed but the community, including those who invested not later than last May, has not lost any money,” notes Michael Casey, the chairman of CoinDesk’s monitoring committee, an information platform on cryptocurrencies market and blockchain technology.

Bitcoin (BTC) investment is not that scam of the “get rich quick” type. “The goal is to keep your bet and ultimately get monetary independence,” said Nick Spanos, who also added that they do not need such cryptocurrencies market investors in their Bitcoin Center.

Categories
Crypto

Bitcoin (BTC) Price Soared Thanks To The Recent Increased Interest In Cryptocurrencies Market

After a long time of being characterized by falls in prices of crypto coins, the cryptocurrencies investors and holders celebrate the rise in the prices of the digital assets on the cryptocurrencies market. In the last hours, all the cryptocurrencies had a constant growth. Bitcoin (BTC), in special, increased by 4% in the last 24 hours.

From December to January, the cryptocurrencies market was only trying to stabilize but until February almost all the crypto coins experienced one of their biggest falls ever.

In total, the cryptocurrencies market went down from $500,000 million to $248,000 million.

Bitcoin (BTC) price shot up in just 1 hour

For example, recently, Bitcoin (BTC), in just one hour, jumped from about $7,000 to above $8,000, this being a price that hasn’t been seen since March.

On the other hand, Ethereum (ETH), the 2nd crypto coin in the world by market cap, increased by more than 6% in the last 24 hours, trading right now around $523.

The Bitcoin (BTC) is currently trading at exactly $8,275.57, registering an increase by about 4%.

This price increase is a bit difficult to explain but everything points to that it is due to the interest of several big investors. Another reason is that there may be entries from private companies.

Some of the possible reasons why Bitcoin (BTC) price soared

George Soros and Venrock Venture Capital, from the Rockefeller investment group, bought Bitcoin (BTC), apparently, as part of their cryptocurrencies investment plans.

In addition, Yahoo Japan announced that it will buy 40% of BitARG, a cryptocurrencies exchange, based in Tokyo. Of course this fact caused new investors to enter the market.

Also, as it is so difficult to understand how the world of cryptocurrencies works, a new Japanese music female band decided to explain how the cryptocurrencies market operates through music. The women, nicknamed after crypto coins,  talk about issues such as data mining and some investment advice that buyers should follow and they do it via the lyrics of their songs.

All these facts seem to helped Bitcoin (BTC) price, in special, to rise up and the cryptocurrencies market, in general, to stabilize.

Categories
Crypto

Gifto (GTO) Can Be The Future Most Appreciated Crypto Coin By Cryptocurrencies Investors

Gifto (GTO) has lately reached the $0.23 level against the USD and gained a market cap of about $65 million. Taking a glance at the coin’s historical data, it is obvious that GTO increased by approximately 25% in the last week, precisely. Can Gifto (GTO) become the future favorite crypto asset for cryptocurrencies investors?

Cryptocurrencies market expanded recently more than ever

Now, taking into account that during the last months, the whole cryptocurrency market has been massively debated within the investors’ communities, we shall wait and see what will come out from this cryptocurrencies frenzy.

Also, since the cryptocurrencies market seems to maturate and expand more than ever, the crypto investors present difficulties on both which crypto asset to invest on and on which direction to place their orders.

On the other hand, most people heard of Bitcoin (BTC), Ethereum (ETH), and Ripple (XRP). Actually, many articles, ads, and debates revolve around these 3 coins, which, in fact, represent the top 3 of the cryptocurrencies market.

Gifto (GTO) is an Altcoin you should keep an eye on for the future

As I’ve said in the introduction, at the moment of this article, Gifto (GTO) is trading at $0.23, increasing by about 8.6% in the last 24 hours. Besides, also in the last 24 hours, GTO volume increased with about $5 million.

Some Gifto (GTO) price long-term predictions reveal that GTO is possible to touch the $0.6 level by mid-2018 and may even trade at $0.8 by the end of the year.

Besides, Gifto (GTO) has reliable project behind it and a gorgeous idea that backs it up. Namely, Gifto (GTO) is designed to work as a reward system on social media, helping fans to easily reward the favorite content creators using the decentralized blockchain technology behind Gifto.

In conclusion, there is more than Bitcoin (BTC), Ethereum (ETH), or Ripple (XRP). There are plenty of interesting cryptocurrencies which are backed up by interesting ideas and strong blockchain technologies and which might, sometime in the future, go to the Moon. Gifto (GTO), in my opinion, is one of the most promising crypto coins, at the moment, but, as you already know perhaps, cryptocurrencies market is volatile and anything can happen.

 

Categories
Crypto

IOTA Foundation Works On Developing Trinity Desktop Wallet And New Public Beta Release Of Trinity Mobile Wallet

One week ago, IOTA (MIOTA) announced a security audit for their Trinity mobile wallet. Now, IOTA announced that they are thoroughly working on developing the alpha version of the IOTA desktop wallet, the Trinity Desktop Wallet.

The initial deadline for this wallet was set to be in the first half of April and IOTA team hopes it will be able to respect that release date but, since we’re already closing to that deadline, it could be possible to get the IOTA alpha version wallet in a couple of days, tops. Of course, there is the possibility to see it released in the second half of the month.

Also, IOTA team has announced that they’ve already chosen the 100 IOTA community members who will test the wallet in the next days.

As for the IOTA community’s feedback, there seem to be only positive replies to the announcement regarding the future IOTA desktop wallet, called the Trinity Desktop Wallet.

The IOTA Trinity Mobile Wallet will be launched soon

In late-March, the IOTA (MIOTA) developers admitted that, despite the latency in the development process, the Trinity mobile wallet will undergo an audit, which has already started, by the way, and is expected to end by mid-May.

Interestingly, the IOTA community seems very involved in this project, at least in comparison with other cryptocurrencies’ communities, thus, people have even helped the developers in their work on the wallet.

Trinity Mobile Wallet features

The future version of the IOTA Trinity mobile wallet will bring new features, including:

  • Statefulness – a feature that’s recording all the transactions you make;
  • Standard/Expert Modes – these features will present the wallet with less or more details; thus, more IOTA-savvy users can go with the Expert Mode, while the newbies have to choose the first one;
  • Fiat Currency Conversion – now, users can change tokens into fiat currency within the wallet and even on a send transaction;

Other cool features include multi-language support, QR scanning, paper-wallet, and many more.

In conclusion, IOTA started the year on a very positive trend, consolidating its position among its community’s members and investing in the future, as well. Now, IOTA desktop wallet, the Trinity Desktop Wallet, is under development, as well as the new public beta version of IOTA Trinity Mobile Wallet, both being projects meant to bring IOTA (MIOTA) to the top.

Categories
Crypto News

Canadian Banks Started To Limit Their Clients’ Cryptocurrencies Transactions

Adopting the course set by other banks and governmental institutions from all over the world regarding cryptocurrencies regulations, Bank of Montreal, a top 5 bank in Canada, has also decided to opt for a conservative position regarding cryptocurrencies market.

In March, there were rumors that the Bank of Montreal issued an internal memorandum which read that crypto regulations are in the plan. However, now it is official that the Bank doesn’t allow anymore its clients to buy cryptocurrencies using their account and credit/debit cards issued by the bank, arguing that this decision was taken “to better protect the security of the clients and the bank.”

In Canada, there is a recent trending followed by banks which restrict more and more their clients’ freedom of transacting cryptocurrencies.

Thus, Scotiabank has hindered VISA transactions related to cryptocurrencies and Toronto-Dominion Bank banned crypto purchases made with the bank-issued credit cards.

The banks are struggling to ban cryptocurrencies-related transactions

Many banks from every corner of the world have endeavored to work against cryptocurrencies market.

Commonwealth Bank, Danske Bank, and Citigroup are just a few of the important names of the banking industry which keeps on limiting their clients’ capacity of buying cryptocurrencies. Even more, there have been cases in which these banks even froze clients’ accounts without any notice if crypto-related transactions were registered.

However, these hostile tactics have demonstrated to be futile attempts because cryptocurrencies experienced holders and investors in Canada, for example, redirected their activities to regional gatherings and exchanging operators, making it possible for websites like Localbitcoins to boost in traffic directed from Canada since the beginning of April.

Cryptocurrencies still have supporters among the Canadian financial institutions

For example, TMX Group has declared earlier its intentions to release a cryptocurrency exchange platform and, along with Shorcan Digital and PayCase Financial, they also work on developing a cryptocurrencies brokerage service.

In conclusion, adopting the international trending regarding the crypto assets, major banks of Canada opted for a more conservative policy regarding cryptocurrencies market by limiting their clients’ ability to buy cryptocurrencies.

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