Monthly Archives: June 2017

Cryptocurrencies Could Reach $5 Trillion in 5 Years, Says Wall Street Billionaire Bitcoin Investor

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Cryptocurrencies Could Reach $5 Trillion in 5 Years, Says Wall Street Billionaire Bitcoin Investor   Billionaire investor Michael Novogratz, a former hedge fund manager who has been supportive of bitcoin, claims cryptocurrencies could be worth more than $5 trillion in five years, speaking at the CB Insights Future of Fintech conference in New York, Get … Continue reading Cryptocurrencies Could Reach $5 Trillion in 5 Years, Says Wall Street Billionaire Bitcoin Investor →

Beware Cryptocurrency Gold Rush Mentality

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Beware Cryptocurrency Gold Rush Mentality On one hand, it's hard for many investors not to be excited about the meteoric rise of cryptocurrencies in the past few months. Bitcoin has roughly tripled in value since the beginning of the year, Ethereum is up by about 40 times, and Ripple, one of the newest arrivals on … Continue reading Beware Cryptocurrency Gold Rush Mentality →

IMF Urges Banks to Invest In Cryptocurrencies

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IMF Urges Banks to Invest In Cryptocurrencies   A June 2017 staff discussion note from the International Monetary Fund (IMF) suggests that banks should consider investing in cryptocurrencies more seriously than they have in the past. According to the IMF staff team responsible for the note, including prominent economists such as Dong He, Ross Leckow, … Continue reading IMF Urges Banks to Invest In Cryptocurrencies →

Why Just Holding Cryptocurrency Will Change the World

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Why Just Holding Cryptocurrency Will Change the World   Cryptocurrency, digital assets run by blockchain distributed ledger technology, have some pretty revolutionary features and use cases. They can cheaply and permanently send wealth faster than anything else. They can cryptographically prove your identity. They can run self-executing smart contracts instead of relying on an enforcement … Continue reading Why Just Holding Cryptocurrency Will Change the World →

Cryptocurrencies Continue Recovery, Resume 2017’s Growth Trend

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Cryptocurrencies Continue Recovery, Resume 2017’s Growth Trend Cryptocurrencies continued their recovery from last week’s massive price fallout, resuming the upward trend that has characterized 2017. All but 12 of the top 100 cryptocurrenices posted gains in the last 24-hour period.   Market leaders bitcoin and Ethereum had the smallest gains the last 24-hour period, with … Continue reading Cryptocurrencies Continue Recovery, Resume 2017’s Growth Trend →

Cryptocurrency: How We Hook the Masses

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Cryptocurrency: How We Hook the Masses In this opinion piece, Svinkin argues that using cryptocurrencies for rewards schemes can demonstrate the value of the technology and ultimately help bring mass adoption. Before the hype and before the price explosions of the past year, I sat down and looked at cryptocurrencies from a UX perspective. That … Continue reading Cryptocurrency: How We Hook the Masses →

Bitcoin Will Make Lots of Millionaires Before “Returning Down to Earth”: Economics Professor

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 Bitcoin Will Make Lots of Millionaires Before “Returning Down to Earth”: Economics Professor   Despite its price volatility, Bitcoin is likely to make more millionaires. Panos Mourdoukoutas, chair of the department of economics at LIU Post in New York City, whose works are published by Forbes and The New York Times, thinks Bitcoin is … Continue reading Bitcoin Will Make Lots of Millionaires Before “Returning Down to Earth”: Economics Professor →

Teenage bitcoin millionaire can see the cryptocurrency’s value shooting as high as $1 million

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Teenage bitcoin millionaire can see the cryptocurrency’s value shooting as high as $1 million If this teen entrepreneur, high-school dropout and bitcoin millionaire has any predictive powers at all, then we’ve hardly seen the top of the market for the hot cybercurrency. Meet Erik Finman, who started picking up bitcoin at $12 apiece back in … Continue reading Teenage bitcoin millionaire can see the cryptocurrency’s value shooting as high as $1 million →

Ripple Cryptocurrency Aims to Make Global Assets Liquid

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Ripple Cryptocurrency Aims to Make Global Assets Liquid   One one level, Ripple is another cryptocurrency in an ever-growing list of fledgling products, hoping to earn a place in the wider world of business and finance. While the value of Ripple's currency, XRP, is well below $1 per unit, making it a mere fraction of … Continue reading Ripple Cryptocurrency Aims to Make Global Assets Liquid →