The founder of Litecoin, Charlie Lee, recently announced that he is working to add privacy and fungibility features to the digital coin. The potential confidential nature of Litecoin sparked serious media attention. Lee has not put a specific time frame as to when the new privacy and fungibility solutions will be added to the coin,…
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We have all heard the stories of Bitcoin's first days, as pizzas were bought with thousands of coins. There are also stories that people committed suicide when they couldn't remember their passwords for their crypto accounts. Now, a new story makes headlines. The CEO of Canada’s largest cryptocurrency exchange died and took the password to his…
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Ethereum, along with other major alt coins, has taken a major price decrease since its glory days in 2017, when the coin was trading for as high as $1,500. While the price may be going down, the interest in Ethereum Classic is not subsiding at all. As with many major alt coins, the price of…
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Bitcoin is undeniably having a very bad year. The cryptocurrency was trading at $20,000 at the end of 2017. Fast forward to the beginning of 2019, the coin is trading at around $ 3,500. However, cryptocurrency and fintech experts predict that Bitcoin can soar by 84% by the end of this year. The most vocal…
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2018 was definitely the year of cryptocurrency thefts and cybercrimes. According to a report from CipherTrace, a US cyber security company, the thefts in 2018 increased by the staggering 400%, to the jaw-dropping amount of $1.7 billion. Of the total $1.7 billion, $950 million come from cryptocurrency exchange thefts and wallets. The total amount of…
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A new major cryptocurrency is going to go live, after it was made public that the Saudi Arabian Monetary Authority (SAMA) and the United Arab Emirates Central Bank (UAECB) are partnering on the project "Aber". Aber is a cryptocurrency project launched by the two entities to facilitate financial transactions between the two countries through the technology…
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Back in August, 2018, Iran was rumored to be launching its very own cryptocurrency. Back then, the President of Iran, Mr. Hassan Rouhani stated that the plan to launch the digital coin is in its final stage and very soon, the country will enjoy a second official currency. The primary reason for a potential introduction…
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The US-based financial services company, Robinhood, just received the virtual currency license, called BitLicense by the state of New York. Robinhood is one of the most popular cryptocurrency “exchanges” as it offers commission-free trading – a feature that has attracted many customers and new features to the exchange. Some time ago, Robinhood was rumored to…
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The US government is currently shutdown. This is one of the longest shutdowns of the US government ever in history. While President Trump tries to firmly defend his position on the future "Wall", the US government shutdown is affecting the number one cryptocurrency by market cap - Bitcoin. While there may be little correlation between…
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Bitcoin has often been taunted as too "energy-intensive" and too "data-intensive". The top ten cryptocurrencies by market cap are sometimes "accused" of the same features. The Massachusetts Institute of Technology, MIT, have now designed a cryptocurrency that is reportedly 99% more data-efficient than other cryptocurrencies. The innovative alt coin will provide a more scalable network because…
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