Author: Henry R. Lares

Henry Lares is still early into his career as tech reporter but has already had his work published in many major publications including Tech Crunch and the Huffington Post.  In regards to academics, Henry earned an engineering degree from Apex Technical School. Henry has a passion for emerging technology and covers upcoming products and breakthroughs in science and tech.

Categories
Finance News

Bitcoin is Unexpected and that Did Not Discouraged Merchants

What’s the fate of Bitcoin?

As the cost of Bitcoin goes rapidly to the sum of $8,000, questions stay over the eventual fate of Bitcoin. Late control brace downs, overwhelming value decreases and government announcements that bitcoins ought to be dealt with as a product as opposed to a currency, if not burst the rise, in any event, pricked it a bit.

Japan, which is thought to be the profound home of Bitcoin, through its Financial Services Agency (FSA), has apparently been getting ready to tell Binance, the world’s biggest digital currency trade with over $1.8 billion worth of cryptographic money traded every day, to stop operations in Japan, until the point that the vital regulatory rubber stamp has been given.

Bitcoin to become the single currency on the web?

While the current sharp decreases made some genuine inquiries about Bitcoin and different digital forms of money, what’s to come isn’t as prophetically calamitous as some have imagined being. Prior this week, Twitter’s founder Jack Dorsey revealed to The Times that the world, at last, will have a single currency and that the web will have a single currency. He then said that it truly believes it’ll be Bitcoin.

What’s more, Jack, who is somewhat of a bitcoin evangelist himself, has a justifiable reason to see a positive future for Bitcoin. In these recent times, merchant adoption has been consistently expanding for the Bitcoin Cash (BCH) biological community, empowering adoption with loadable Visa platinum cards.

There has been significant merchant development in Europe, North America, Asia and South America, with volume expanding for Bitpay at 328% year after year, from 2016. BitPay’s merchants alone are in receipt of over $110M in Bitcoin payments each and every month.

Categories
Crypto Finance News

VeChain (VEN) Seems to be the New Trend in the Area of Crypto Investments

The cryptocurrency is living hard days. Since the beginning of the year, virtual coins constantly dropped, so now their value is much lower than it was in 2017. Since the first quarter of 2018 is over, we can say that fluctuations can have a negative influence over crypto, so certain stability is necessary for putting things back on track.

Although in the last days the cryptocurrency has started to grow, reaching almost $0.5, we cannot say without a reasonable doubt that the situation will go on like this. Anything can happen in just a few minutes, so let’s not take anything for granted yet.

Things can go better if you make smart choices

Now, we know for a fact that the price of some cryptocurrency is much lower than it was at the beginning of 2018. Just to give an example we can say that Bitcoin (BTC) can only be traded at half of the price from January. The situation is the same with most of the virtual coins, except one – VeChain (VEN).

While others were struggling to stay on the surface, VeChain managed to grow its’ price. In the last months it has reached a point when it is worth 14% more than last year at the same date and this is a notable progress considering the actual circumstances. Now is a good time to buy it, because you can pay it at a discounted rate and you can trade it for more money than you could last year.

If you want to buy it, now it could be a good time to do it. Soon, a live platform will be launched and you will be able to buy and make live operations with VeChain. This is possible because the owners have experience in using technology; before it became a crypto coin, VEN was a smart chip.

It can be a good idea to buy VeChain crypto coins, but before you do that look for more information and see if you are ready for this step.

Categories
Crypto Finance News

Monex to Buy the Coincheck Bitcoin Exchange

The market cap of Japanese online broker, which is called Monex Group shot up to
20%, after bits of gossip, spread about it purchasing troubled digital currency trade Coincheck.

Gossips everywhere

Information from Bloomberg is at present revolving around online networking and demonstrates that the company achieved a market cap of $1 billion, up from $800 million. Offers had made additions from 344 to 424 yen for each piece.

The news, initially announced by Nikkei, but which Monex has not yet authoritatively affirmed, comes as Coincheck keeps on confronting stringent reviews from Japan’s regulator since it lost $530 million to programmers in January.

The event caused an impact on the nation’s trade area, the Financial Services Agency (FSA) in this manner assessing, punishing and notwithstanding shutting down various administrators over resistance to regulations.

While a declaration about the Coincheck buyout could make its appearance in the current week, predominant press outlets report that the effect on Monex underscores the proceeded faith in cryptographic money’s potential in the Japanese area.

Yahoo! to join the fun, too

Other big players are, as of now, dug in the local business to varying degrees. The SBI Group is ready to release an authorized trade this year, while 2019 should see Yahoo! enter the field.

In an announcement, Monex, in the interim, unequivocally proposed it would uncover long-term responsibilities regarding digital currency in the blink of an eye.

About the Monex Cryptocurrency Lab

They have been contemplating and probing the blockchain innovation and cryptographic money (crypto-assets) as its connected technology. As a component of their endeavours, they set up the Monex Cryptocurrency Lab in January this year, and have likewise been thinking about the secure and socially responsible cryptocurrency (crypto-assets) business, as it was composed on the 3rd of April.

Insights about the total sum which is included stay theoretical, as a few sources suggest that a Coincheck arrangement could mean “billions” of yen.

Categories
Crypto Finance News

Ripple Can be One of the Safest Crypto Investments

With all the unsecured movements on the crypto market, nobody is willing to invest here anymore. People think that the low levels registered by the virtual coin at the beginning of 2018 will continue, especially because no notable progress was registered in this area until now. Even though it started bad, it does not have to end in the same note. Crypto experts think that the bad situation could improve in the next period because of the positive level registered by virtual coins these days.

Is it still safe to invest in crypto currency?

If you are wondering whether cryptocurrency is a good investment even in this situation, we can advise you to follow the trends and you will figure out which option is better for you. Until now, Ripple seems to be a good choice if you want to invest on the crypto market. The reason for this recommendation is that lately, Ripple crypto has raised from $0.22 to$3.3 and this means that the price is 15 times higher.

Also, if you buy XRP worthing $1000 from Ripple at $0.22, you could cash $3.3 for each, so will have the satisfaction that you made an investment which brought you $14,000 in only a few weeks. In this case, you will have an important advantage over other investors who have to wait even several years for this profit.

Another advantage would be represented by the fact that Ripple is trying to develop partnerships with central banks from all over the world, so it would be good for cross-border payments. Nowadays, the crypto developer announced that it has opened collaborations with 40-50 central banks from different countries.

XRP is one of the most profitable investments. It has the lowest risk rate on the market, so it means that you can win a lot of money in a short time without running big risks. Look for more information and start working on it!

Categories
Crypto Finance News

The Crypto Market to Have Loses of Around 50% From the First Quarter of 2018

The first quarter of 2018 has shown the crypto markets, which lost somewhat more than 48% of their Jan. 1 value with the total market cap down from around $612 billion to $261 billion at the first quarter close on the 31st of March, as per information from CoinMarketCap.

About XRP, BCH, LTC, BTC and ETH’s cost

Ripple’s (XRP) cost has dropped the majority of the best 5 digital forms of money recorded on CoinMarketCap, down right around 78% on the 31st of March, when it traded at $0.51 when contrasted with its January 1 cost of around $2.30.

The second place for the biggest rate value drop is Bitcoin Cash (BCH), which lost around 73% of its incentive from its January 1 cost of around $2,543 to its 31st of March cost of around $697.

Litecoin (LTC) is down around 49% from its January 1 cost of about $231, trading for around $118 on the 31st of March.

The principal digital currencies, which are Bitcoin (BTC) and Ethereum (ETH) encountered their most noticeably awful first quarters since their commencement.

Bitcoin’s cost has fallen with around 52% since January 1, when it was trading for around $14,122, to around $6,890 on the 31st of March, toward the finish of the first quarter.

ETH, which was traded at around $755 on January 1, fell around 48% to around $394 on the 31st of March.

The drop in costs, in all cases, can be credited to an expansion in regulation from an assortment of worldwide actors, including the US Securities and Exchange Commission’s (SEC) crypto test, Japan’s examination of unregistered crypto trades after the January Coincheck hack, and Twitter, Facebook, and Google forbidding crypto-related promotions.

CNBC gave an account of the verifiable first quarter crypto misfortunes today, the 3rd of April, featuring a past article, from the 29th of March which was totally dedicated to Ripple’s poor first quarter performance.

Exit mobile version