The Marshall Islands | Issues its Own Legal Tender Cryptocurrency

The Government of the Marshall Islands is becoming a world reference in the adoption of cryptocurrency thanks to the official promulgation of the Declaration And Issuance Of The Sovereign Currency Act. A legal tender cryptocurrency that could change the current situation regarding the valuation of cryptocurrencies. According to information revealed by Ran Neuner, Host of Crypto Trader, a show broadcasted by CNBC Africa, the document was signed on March 1, 2018, as a final step in a series of efforts made by the country to migrate to cryptos, mitigating its…

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Bitcoin Closing on Long-Term Bear Indicator Not Seen Since 2014

Following bitcoin’s recent losses, a key long-term trend indicator is looking increasingly bearish. Notably, the five-month moving average (MA) has rolled over in favor of the bears and looks set to cut the 10-month MA from above, signaling a bearish crossover for the first time since June 2014. If that occurs it could be a worrying signal for the long-term price outlook. Back then, following an identical crossover in June 2014, the cryptocurrency subsequently dropped by 70 percent (from $580 to $166) in the seven months leading up to January…

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Bitcoin Price Falls to 35-Day Low Below $8K

Bitcoin’s price has slipped below $8,000 to hit a 35-day low. Just an hour after the May 23 trading session began, data from CoinDesk’s Bitcoin Price Index shows the price of the world’s largest cryptocurrency started to fall, dropping to its lowest point since April 18. After steadily climbing up to nearly $10,000 on May 6, bitcoin’s price has been on a gradual decline since then towards a current low at $7,876, reflecting a 20 percent drop over the past two weeks. The price has bounced back slightly to $7,910…

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New Malware MEWKit | Watch Your Accounts On Myetherwallet

According to security research firm RiskIQ, a criminal group planned a phishing attack using a malware called MEWKit. A Phishing Attack Program Called MEWKit This new type of phishing crime is called MEWKit. This kind of program will steal money from the victim’s wallet through a front-end program that mimics the MyEtherWallet. According to security researchers, criminals using MEWKit will also use fake web pages to obtain the details of their users’ personal information and use this information to make automatic transfers. According to reports, once the victims decrypt their wallets, the…

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French Finance Minister Bruno Le Maire

Blockchain technologies and cryptocurrencies keep gaining followers in a new course of action that is notably refreshing for the markets.  One of the most notable “embracers” was the French Minister of Finance, Bruno Lemaire, who declared himself to be passionate about cryptocurrencies: Alex Stachtchenko, co-founder of Blockchain Partner, a startup focused on providing consulting services in the use and implementation of blockchain technologies, made the information public. One of the key points of this statement is that it seems to imply that the cause of his previous scepticism was a…

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Ali Baba & PayPal Reject Crypto as a Medium of Exchange

Big investors and business icons are rejecting cryptocurrency as a viable medium for exchange. The market has been struggling to become a “reliable currency” despite several countries legalizing digital currencies and crypto exchanges. Bearish remarks from trend makers have been negatively impacting the crypto market. Bitcoin price (BTC) plummeted to the $8,000 level while the entire cryptocurrency market capitalization dipped to $80 billion in the last two weeks. Jack Ma, executive chairman and founder of Alibaba (NYSE:BABA), has claimed; “Bitcoin is a bubble”. He says the company is not planning to…

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Cryptocurrency Market Volatility | Too Dangerous for Future Prospects

Cryptocurrency market volatility: Cryptocurrencies are the most volatile asset in the world. Because of this, the global financial system finds it difficult to consider them as viable alternatives to fiat currencies. The crypto market has the potential to generate or wipe-off billions of dollars in few hours alone. Bitcoin (BTC), for instance – which is the leader of the cryptocurrency market – has produced huge upside and downside volatility in the last five quarters. The BTC coin rose from $1,000 level at the beginning of fiscal 2017 to an all-time high…

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Crypto Debit Cards | Visa UK’s Former CEO Joins Crypterium to Develop Payment Method

Last week, on May 19, former Visa UK and Ireland CEO Marc O’Brien said in an interview with Business Insider that he had been named CEO of a cryptocurrency startup named Crypterium. O’Brien was the CEO of VISA UK from 2008 to 2014. During the interview, he said that the Crypterium team is working hard to promote the acceptance of cryptocurrencies like Bitcoin and Ethereum and make them legitimate payments. Tools that allow users to use them for daily product and service transactions, tools like crypto debit cards. “Currently, cryptocurrency is…

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Crypto Scams | Find Out Who Was the Lastest Victim

Crypto scams are a prominent problem within the crypto industry. Even though the problem has been addressed on many occasions, and many are fighting to solve it, that doesn’t mean that the general public can sit back and not do their part to stay vigilant.  By being duped by these scams, you run the risk of ending up like Australian consumers in 2017. What does that mean? Read on, you’ll soon understand.  Crypto Scams Hit Australia  Yesterday, Australia announced that its consumers lost over $2.1M to crypto scams last year.…

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Consensus 2018 | Tom Lee Explains Why BTC Price Failed to Rally

The NY Consensus 2018 has become the most important and expected event in the crypto ecosystem. The best projects, authorities, and influencers gathered together last week to share ideas and make announcements that could potentially revolutionize the industry. Many expected that during the week, Bitcoin price would rise as a result of increased market confidence. Such an approach would be logical, as, in previous years, cryptos followed this behavior. One of the first to talk about this pattern is Tom Lee, CEO of Fundstrat. In an interview for CNBC, he…

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