crypto expert

The booming price of bitcoin over the last year has created a buzz around cryptocurrency that goes far beyond technology enthusiasts and free market libertarians. It has also helped draw attention to a number of other virtual currencies looming in its shadow, most notably ethereum. Ethereum was created in 2013 by a 19-year-old Russian programmer and launched in 2015. For the first two years its price remained below $10. Then, in 2017, it exploded. In the space of 12 months, one unit of the cyptocurrency – called an ether – surged in value to be worth around $1,400 at its peak in January 2018. While its price has since fallen back down to around $700, many still see it as the most promising of all cryptocurrency platforms, and therefore the one that holds the most potential for future price gains. Some even believe it could one day surpass bitcoin. “Ethereum has the possibility to overtake the market capitalisation, and thus value, of bitcoin,”  Hubert Olszewski, director of

The Federal Reserve Bank of St. Louis has provided some high-profile validation for a core premise of Bitcoin and other cryptocurrency. A blog post this week based on an earlier Fed research paper said that “bitcoin units have no intrinsic value” – but added that currencies “such as the U.S. dollar, the euro, and the Swiss france . . . have no intrinsic value either.” The post, titled “Three Ways Bitcoin is Like Regular Currency,” doesn’t precisely endorse Bitcoin or cryptocurrency. In another recent report, the St. Louis Fed was critical of Bitcoin’s inefficiency. Cryptocurrency has also become rife with scams since its surge in value last year, and may constitute a global risk because it enables clandestine money laundering, capital flight, and tax evasion. But the St. Louis Fed has provided a credible rebuttal to one of the most widespread and misguided criticisms of cryptocurrency: That, because it isn’t tied to a particular real-world commodity, it should have a monetary v

Bitcoin cash's next software upgrade may be even more ambitious than its first - and that's no small feat given last time it broke off from bitcoin in acrimonious fashion. In fact, the update, announced in November and slated for May 15, packages together a number of features that all seem about helping the network process more transactions than the original bitcoin (while adding more variety to features). Perhaps most notably, the change will quadruple bitcoin cash's block size parameter from 8 MB to 32 MB, allowing for vastly more transactions per block. But while that might sound aggressive given bitcoin's more limited approach, those who have been following the cryptocurrency might be surprised that such an aggressive shift wasn't pursued sooner. After all, last fall, bitcoin cash's developers chose to ignore the protests of bitcoin's more seasoned developers, who had long argued that increasing the block size and moving the

BITCOIN continued to fall overnight and lost a massive $880 from its highest point this week. Hope of a speedy recovery to $10,000 now seems unlikely, and one of PayPal's founders has described the technology as, "a colossal pump and  dump scheme, the likes of which the world has never seen. Good morning, and welcome to our rolling coverage of all things cryptocurrency, including price, regulation, innovation and financial crime. Bitcoin is priced at $8,851 with Ethereum down at $629, and XRP at $0.81. Bill Harris, the founding CEO of PayPal has grabbed the headlines this morning after describing all cryptocurrencies as a "scam". Writing for Recode, he said: In my opinion, it’s a colossal pump-and-dump scheme, the likes of which the world has never seen. "In a pump-and-dump game, promoters 'pump' up the price of a security creating a speculative frenzy, then 'dump' some of their holdings at artific

In my opinion, it’s a colossal  pump-and-dump  scheme, the likes of which the world has never seen. In a pump-and-dump game, promoters “pump” up the price of a security creating a speculative frenzy, then “dump” some of their holdings at artificially high prices. And some cryptocurrency are pure frauds. ernst  and young estimates that 10 percent of the money raised for initial coin offerings has been stolen. The losers are ill-informed buyers caught up in the spiral of greed. The result is a massive transfer of wealth from ordinary families to internet promoters. And “massive” is a massive understatement — 1,500 different cryptocurrencies now register over  $300 billion  of “value reference: https://www.recode.net/2018/4/24/17275202/bitcoin-scam-cryptocurrency-mining-pump-dump-fraud-ico-value Follow me on Twitter: https://twitter.com/cryptoexpert20 Facebook: https://www.facebook.com/crypto.michael.18 Linkedin: https://www.linkedin.com/in/crypto-e

Bit coin Cash is the hottest cryptocurrency around right now for more reasons than you may imagine. The offshoot of the biggest digital token has surged about 25% since Friday, in part because Ant-pool , one of the largest mining groups, is “burning” a portion of the coins it receives in exchange for solving the complete mathematical puzzles that serve as the backbone of the network, potentially reducing supply and driving up the value. The maneuver is the latest salvo in an escalating battle between backers of Btc and Bitcoin Cash, which was spun off last year. Through a war of words playing out on Twitter and Facebook, some of the largest holders of both cryptocurrencies are attempting to influence the coins’ prices after seeing significant losses since last year. " Ant-pool has burned $12 worth” of Bitcoin Cash a day, said Kyle Samani, managing partner at the Austin, Texas-based crypto hedge fund Multicoin Capital, in an email. "This was pu

If you’re new to thinking about money, welcome. It’s a vast, broad subject, and one that repays upon consideration and review. Chances are you’ve given the subject more thought these days due to wild cryptocurrency price speculation news. And it is thrilling. To think you’re able to invest in a digital asset at any stage, in full or fractions, and ride its swings can fill our heads with dreams of wealth accumulation. And if that’s the spark causing you to click over here, awesome. You should also begin to learn just why this bitcoin thing, this crypto thing, this brave new world is maybe even more important than typical manias or get-rich-quick schemes. It doesn’t take long to learn a truism: government money loses value over time. Empirically, you know this. You don’t have to carry a Nobel in economics to understand most products you purchased only a short time ago are more expensive. You’ve noticed, but, well, what can be done? It’s probably natural. It’s probably the way of

Two men from South Korea have been sentenced for creating a bitcoin pyramid scheme that swindled some 20 billion Korean won ($20 million) from investors. On April 19, a judge from Seoul's Incheon District Court issued fines of $15 million and $8 million, respectively, to the two fraudsters, according to local news source Yonhap. The report said the two men started the scheme in 2015 and subsequently built a multi-level company by promising investors high returns through investing in bitcoin. "The multi-level transaction is a risk to the socioeconomic order with mass production of many victims," the judge was quoted as saying in the report. The fines were given based on the considerable sum they had attracted from victims of the scheme. The report comes just days after neighboring China beefed up its efforts to crack down on multi-level marketing schemes disguised as bitcoin investments. As reported on Wednesday, Chinese police

Many predictions have been made regarding Bitcoin’s price which, after jumping from around $1,000 to $20,000 in 2017, decreased to lows of around $6,000 before climbing back to $8,000. This huge volatility makes it very challenging to predict the price in the short-term. Nonetheless, a fundamental analysis of the evolution of Bitcoin’s price in the longer term could be more reliable. Several predictions are analyzed and discussed below to estimate the most likely direction of Bitcoin’s price in the medium to long-term. Institutional investors’ money will increase bitcoin price The CEO of American Express-backed startup Abra has predicted that big investors will make “all hell break loose” in a recent interview with Business Insider. He mentioned that there is currently little large-scale institutional money in cryptocurrencies and when this changes the impact on Bitcoin’s price will be very positive. So, what is preventing this institutional money to flow into Bitc

The cryptocurrency world is both anonymous and highly transparent, as blockchains account for all transactions in an open, decentralized and public ledger. For those reasons, when a price shift takes place, analysts are able to look back through transaction histories to determine potential causes for those fluctuations. Yesterday, bitcoin fell by roughly $200 in under 20 minutes. Even in the highly volatile world of cryptocurrencies, this shift was large enough for analysts to take notice. Now, Market Watch suggests that the change in global price may have been due to some actions by major owners of bitcoin, based on transactions from some of the largest wallets. One of the largest bitcoin wallets in the world, known only by its anonymous name consisting of seemingly arbitrary letters and numbers, is valued at nearly $1.5 billion. The balance of this account fell by 6,500 bitcoin Tuesday, meaning that it sold off just over $50 million worth of the cryptocurr

bitcoin  prices are creeping up just in time for April’s tax deadline in the US. Selling pressure seems to have alleviated as prices rose 1.69 percent today.  As of 4pm, bitcoin was trading at $8,100.38. Managing to hover around the $8,000 mark is a huge positive for the currency that has suffered a terrible 2018 so far.  Could BTC be about to skyrocket? The bump in price on tax deadline day is welcome news for traders. Today, April 17, is the last day Americans have to file their taxes.  The  cryptocurrency  market has been suffering in the first quarter of 2018, losing more than 50 percent of its entire market cap in three months. Traders have been wary of continued threats of regulation from Eastern countries, further hacks on wallets and speculation the bubble has finally burst.  A strong end to 2017 quickly turned into a dreadful 2018 and the market has struggled ever since.  Experts expected April’s tax deadline would force traders to sell assets to pay capi