CryptoCoinsInfoClub.com

Where Cryptocurrency Going

Why Is Ripple Price Going Down And Ethereum Rising? Bitcoin-style Cryptocurrencies Compared

Why Is Ripple Price Going Down And Ethereum Rising? Bitcoin-style Cryptocurrencies Compared

Why is Ripple price going down and Ethereum rising? Bitcoin-style cryptocurrencies compared Ethereum and Ripple are two of the most popular cryptocurrencies (Picture: Shutterstock) Jasper Hamill Wednesday 10 Jan 2018 3:41 pm Watching the movements of cryptocurrency markets can make you feel a little seasick. And now the alt-coins Ripple and Ethereum have both entered choppy waters, you might be feeling a bit nauseous if youve got any money invested in them. Last week, Ripple (which is referred to as XRP) was the talk of the town amid rumours investors would soon be able to buy and sell it on the easy-to-use platform CoinBase. This sparked so much excitement that Ripple soared to record heights and briefly made its founder as rich as Mark Zuckerberg. But now Ripple is on the slide , plunging from a high of about $3.80 (2.80) to $1.90 (1.40) in less than a week. Ethereum (ETH or Ether), on the other hand, has been on the up all year. Its interesting because the blockchain which records transactions can also store other information such as contracts and even computer programmes. This chart shows the rise and rise of Ethereum over the past month (Chart: CoinDesk) Ripple has slumped in value over the past week (Chart: CoinDesk) We spoke to two crypto experts to find out what was happening. Benjamin Dives, CEO of the London Blockchain Exchange (BLX), blamed the price fall of Ripple blamed on a decision by the website CoinMarketCap, which removed prices from South Korean exchanges from its calculations of digital currency rates without any warning. He told us: The recent fall in price of Ripples XRP token could be attributed to numerous factors including the recent exclusion of Korean market prices on CoinMarketCap, investors taking profit, or simply just a healthy market cor Continue reading >>

How Does Cryptocurrency Work?

How Does Cryptocurrency Work?

Cryptocurrency Basics How Does Cryptocurrency Work? Do you like our content? Or, do you want to test out a new wallet? Feel free to send some coins to one of our wallets public addresses. All donated funds will go toward improving the site. The content of this website is provided for informational purposes only and cant be used as investment advice, legal advice, tax advice, medical advice, advice on operating heavy machinery, etc. Our site is not officially associated with any brand or government entity. Any mention of a brand or other trademarked entity is for the purposes of education, entertainment, or parody. Neither CryptocurrencyFacts.com nor its parent companies accept responsibility for any loss, damage, or inconvenience caused as a result of reliance on information published on, or linked to, from CryptocurrencyFacts.com. In other words, this is a website on the internet offering free information about cryptocurrency, this is not your accountant, lawyer, or fiduciary offering you professional tax, legal, or investment advice. See our about page for more disclaimers and information. Cryptocurrency is an encrypted decentralized digital currency transferred between peers and confirmed in a public ledger via a process known as mining. Below, we take a simplified look at how cryptocurrencies like bitcoin work. First, lets review the basics and essentialsof cryptocurrency, and then we will do an overview of theother properties that have made cryptocurrency what it is today. TIP: If the page below feels overwhelming, check out: how does cryptocurrency work (for beginners) . Meanwhile, if you are mainly interested in trading, investing in, or using cryptocurrency, check out how to trade cryptocurrency (for beginners) . This page provides an overview of the mechanics Continue reading >>

What To Know About Monero, The Black Market Cryptocurrency That's Going Mainstream

What To Know About Monero, The Black Market Cryptocurrency That's Going Mainstream

What to Know About Monero, the Black Market Cryptocurrency That's Going Mainstream Over the weekend, we learned that hackers were using YouTube ads to take over computers and force them to mine cryptocurrency . These types of attacks (known as cryptojacking ) are only becoming more common, but a closer look at the practice reveals that its usually tied to one particular currency : Monero. Released in 2014, Monero was designed to keep its users anonymous. Thats made it a popular cryptocurrency for the dark web black market, where dealers accept it in exchange for guns, drugs and stolen credit cards, according to a Wired report in early 2017. But in the past year Monero surged into the mainstream. Its currently the 13th most valuable cryptocurrency in the world, and priced at $275 according to CoinMarketCap . It also popped up on a number of recent lists predicting Monero could be one of Bitcoins biggest rivals heading into 2018. Heres what you need to know about Monero, where it comes from, where its headed, and how to buy some. Like Bitcoin, Moneros origins are a bit of a mystery. The cryptocurrency was first outlined in 2013 by Nicolas van Saberhagen , which is likely a pseudonym for the anonymous creator (or group of creators). It was coded into existence by another anonymous creator with the user name thankful_for_today and given the name Bitmonero (monero means coin in Esperanto ). In 2014, the currency was forked , creating the Monero coin thats popular today. Monera was created to solve one particular issue with Bitcoin: anonymity. Its possible to stay anonymous with Bitcoin, but because of the way the blockchain works all transactions can be tracked to the accounts involved. Its also possible to see how much Bitcoin is stored in someones account. As long as you Continue reading >>

How The Cryptocurrency Market Will Recover

How The Cryptocurrency Market Will Recover

Every product here is independently selected by Mashable journalists. If you buy something featured, we may earn an affiliate commission which helps support our work. In the past month or so, bears have ruled the cryptocurrency market. You may not think that's a very long time, but given how fast the cryptocoin market moves, this is not some temporary flash crash. It's a hefty correction that threatens to turn into a bear market, akin to Bitcoin's slump in Jan. 2014, when price went down for about a year before they started rising again. SEE ALSO: Say hello to Buttcoin and the community celebrating Bitcoin's fall At roughly 137 billion dollars, Bitcoin is still the largest cryptocurrency by market cap, and it's still leading the market; when Bitcoin experiences a big drop, other coins follow. But why is the price of Bitcoin going down? Well, the factors are numerous, and they start with tremendous growth Bitcoin has experienced in the last year or so. Even at current price of $8,400, it's still up roughly 850 percent year-over-year. If you're an early investor, there's still a lot of room there for profit taking. Typically, an asset's price won't drop far below the market's assessment of a fair price or at least it won't stay there too long. Apple stock might fall on news about bad iPhone sales, but if the company's revenue is up exactly what happened last week you won't see a huge selloff. The total market cap of all cryptocurrencies has dwindled significantly since its peak in early January. But if you're trying to determine a fair price for Bitcoin, you'll likely hit a wall. Bitcoin's fundamentals are notoriously hard to define . Large developmental changes are either absent or far off at this point. Retailers are shunning Bitcoin as of late, and most people that bu Continue reading >>

Cryptocurrency Crash: Why Ripple Is Falling More Than Most | Money

Cryptocurrency Crash: Why Ripple Is Falling More Than Most | Money

Ripples dramatic price decline a staggering 46% over a six-day time period offers a stark reminder to investors and speculators: Not all cryptocurrencies are the same. The stratospheric rise of bitcoin over the past year has brought along a number of so-called alt-coins. Many of these alternative cryptocurrencies claim to offer investors more advanced technology than bitcoins blockchain and have benefitted from the cryptocurrency craze bitcoin created. But amid the broad cryptocurrency selloff in recent days, Ripples fall has been the most dramatic, more than doubling the losses of bitcoin. Ripples token XRP, which had been trading at around $3 at the start of this year, now sits below $1.70, according to the exchange bitstamp.net . There is limited upside in Ripple, argued Alexander Kravets, a former Wall Street trader and creator of Xtrade.io, a cryptocurrency trading platform. Its very overpriced and the smart money has sold at $3. To understand why Ripple has fallen so much, you have to understand how it differs from bitcoin and other alt-coins. Unlike most cryptocurrencies, which play up their decentralized structure, Ripples founders decided to go the other way. They have created a currency thats highly centralized, which means that the company not individual investors controls how much supply of XRP leaks out. In fact, some argue that Ripple isnt even a cryptocurrency because transactions are processed in a centralized fashion and no new XRP can be mined by investors, as is the case with Bitcoin and Ethereum . Well, it seems as if others have grown weary of that centralization, the absurdity of which peaked last week when Ripple co-founder Chris Larsen reportedly saw his net worth climb to $59 billion . Based on XRPs rise, he had a higher net worth than Facebook Continue reading >>

Cryptocurrencies Now On Robinhood Trading App - Jan. 25, 2018

Cryptocurrencies Now On Robinhood Trading App - Jan. 25, 2018

Related: Tell me again why I shouldn't buy bitcoin? Cryptos can be even riskier than other investments because of extreme volatility and security risks associated with an asset in its relative infancy. But that hasn't stopped a wave of investors looking to jump in. Bitcoin has been the word on everyone's lips for the past few months, as the cryptocurrency has hit record highs. It has more than doubled since October and is now trading around $11,000, though down from its high just shy of $20,000 in December. Bitcoin is not new to Bhatt and Robinhood co-founder and co-CEO Vlad Tenev, though. They have been looking at bitcoin and cryptos for a long time, even as far back as 2010 when they were doing their own crypto mining on personal computers. "The thing we're seeing now, over the past year is that crypto and bitcoin are showing resiliency," says Bhatt. "So many times people have been quick to count it out. It has gone up and gone down. Now that resiliency is something that has some real staying power." There's growing demand -- particularly among young people -- to get in on the action. A recent study showed that if given $5,000, 12% of Millennials would put the money into cryptocurrency over any other type of investment, according to Swell Investing. That's compared with just 3% of those aged 45-54 and 55-64. Men were more interested than women in putting their money in crypto, with 14% of Millennial men saying they would opt for that over any other investment, compared with 9% of women. Related: Bitcoin mania: What the big names of finance are saying For a company that has pegged itself as democratizing capitalism and making high-end financial products available to everyone, offering crypto is a natural fit with Robinhood's mission, Bhatt says. "Crypto-currencies hav Continue reading >>

Down Goes The Price Of Bitcoin And Ethereum In Yet Another Cryptocurrency Plunge

Down Goes The Price Of Bitcoin And Ethereum In Yet Another Cryptocurrency Plunge

Its tough out there for cryptocurrency investors. This morning, the price of bitcoin dropped in the double-digit percentshitting a monthlong low of $11,191.59. Currently the price has risen a bit, to around $12,000, but thats still a huge drop from yesterdays $14,094.86. According to Reuters , this drop was caused due to fear of a cryptocurrency crackdown in South Korea. On the heels of this news and plunge, other cryptocurrencies followed suit. Ethereums price fell over 13% and litecoin fell over 14%. Does this mean a selloff is happening and the bubble is finally bursting? Not everyone thinks so. In fact, some analysts predict that bitcoins price will hit $100,000 by the end of this year. CGW Continue reading >>

Nvidia Ceo Says Cryptocurrency Is 'not Going To Go Away'

Nvidia Ceo Says Cryptocurrency Is 'not Going To Go Away'

Nvidia CEO Says Cryptocurrency Is 'Not Going to Go Away' Feb 9, 2018 at 20:00 UTC|UpdatedFeb 9, 2018 at 20:01 UTC "Crypto is a real thing -- it's not going to go away." So says Jen-Hsun Huang, chief executive of graphics card maker Nvidia, which yesterday posted its fourth-quarter results for 2017. The company said on an earnings call Thursday that demand from cryptocurrency miners for its product beat expectations but that overall, that market segment remains a small one. Speaking with Barron's in an interview, Huang echoed that sentiment, remarking that "clearly, there's a lot of talk about crypto." Indeed, much has been said about demand for the firm's products (gripes from the gaming community about sky-high prices for GPUs notwithstanding) and the long-term prospects Nvidia faces. "And crypto was a real part of our business this past quarter, even though small, overall," the Nvidia CEO said. Huang touted also touted the benefits of the technology underlying cryptocurrencies. There is "clearly real utility" with blockchain, Huang said, adding that he sees cryptocurrencies as being as real as any other type of virtual good or video game. He expanded on this idea, going on to say: "And as you know, tens of millions of virtual goods are created and shared and sold in virtual reality, and people invest thousands of hours to create space ships in space that they battle against each other. So, the concept of virtual goods and virtual worlds and virtual currency all ties together." Bigger picture aside, the conversation around sales to miners is not that important for Nvidia, Huang argued, noting that "to us, it's all just demand for GPUs." Nvidia's chief financial officer, Colette Kress, had also downplayed the impact cryptocurrency mining during the quarterly earnings c Continue reading >>

Exchanges - Where Do The Dollars Go? - Bitcoin Stack Exchange

Exchanges - Where Do The Dollars Go? - Bitcoin Stack Exchange

This question seems to me to be such an obvious question, that it must be answered somewhere. As I understand it is necessary to buy bitcoins using dollars or some other currency. Where do those dollars etc. go? When you buy a bottle of soda at the convenience store, where does the money go? The money goes to the party that sold it to you -- that party owned the bottle before you owned it. You might be able to trace ownership of that bottle all the way back through the supply chain, to the point at which it was manufactured. It probably had several prior owners before you got it. Bitcoins are like a commodity that works the same way. If you purchase from a market exchange (like Mt. Gox), here's how that works. Mt. Gox, like most market exchanges, operates using deposit accounts. To buy $100 USD worth of bitcoins you must have deposited $100 to your account with the exchange. To sell 10 bitcoins you must have deposited 10 BTC to your account with the exchange. So when you trade your $100 USD for someone else's 10 BTC, your $100 goes to their account, and their 10 BTC goes to yours (if there were fees, the amounts would be adjusted appropriately to cover fees). Then when you withdraw your BTCs, the exchange will send that amount of bitcoins from the exchange's wallet to yours. When the seller withdraws the USDs (or whatever currency the coins were sold for), the exchange will send those funds. This generally occurs through the banking system, with the funds eventually arriving in the seller's bank account. There are other types of bitcoin sellers -- direct sellers, who have an inventory of bitcoins that they purchased previously, or will make a trade behind the scenes to be able to deliver your order. So the dollars from your purchase goes to them in exchange for the bit Continue reading >>

Cryptocurrency Investors Worry, Wait After Bitcoin Price Drop

Cryptocurrency Investors Worry, Wait After Bitcoin Price Drop

Cryptocurrency Investors Worry, Wait After Bitcoin Price Drop Cryptocurrency Investors Worry, Wait After Bitcoin Price Drop Over the last month, in a series of volatile swings, the price of the cryptocurrency bitcoin rose to a record high then plunged to less than half that value. The abrupt changes have inspired comparisons to the dot-com bubble, and underscored the extremely speculative nature of investing in cryptocurrency. By Wednesday, the price of bitcoin fell below $10,000 for the first time since Dec. 1, at one point dropping to less than $9,300 on one exchange (still significantly higher than the price just a few months ago). The price has risen back to around $12,000, but economists and investors are unsure how long it will stay there. Some speculate the recent slide was due to fear over regulatory crackdowns on the cryptocurrency market. Cryptocurrency trading hotbed South Korea has suggested a ban on trading might be possible , though the country has not yet finalized any plans. Similar reports recently circulated about China. The anxiety over anticipated crackdowns may have helped trigger a selloff across the cryptocurrency market Tuesday. The largest and best-known of hundreds of digital currencies, bitcoin is a decentralized digital currency that is bought and sold in exchanges internationally. "It's not based in dollars," Timothy Lee, a senior reporter at Ars Technica, told NPR's Scott Simon . "Instead, it has its own currency, just called the bitcoin. And its value floats against other currencies the same way the dollar and the euro float against each other." "Bitcoin is based on a revolutionary technology. Users say it's got this very effective system for verifying transactions," NPR's Uri Berliner reports . "And bitcoin believers point out that this Continue reading >>

Cryptocurrency Market Takes A Tumble As Ripple Bubble Fear Looms

Cryptocurrency Market Takes A Tumble As Ripple Bubble Fear Looms

Cryptocurrency Market Takes a Tumble as Ripple Bubble Fear Looms The top 16 cryptocurrencies have all plunged between three and 39 percent today as altcoin bubble fears loom and Bitcoin feels the pinch. 2018 did not begin on a good note for Bitcoin as the monster rally leading to Christmas crashed, but it made a bit of a recovery in and among a boom for a number of altcoins. However, Monday has not been a good day for the entire cryptocurrency market. Looking down the graphs of the top cryptocurrencies, youd be hard-pressed to find one in the black as all of the top 10 coins hit a downward trend, led by Ripple which had dropped by almost 28 percent over the last 24 hours. Coinmarketcap showed some unpleasant numbers for all top 10 coins as Bitcoin was registered as being down 11 percent, Ripple down 28 percent and Bitcoin Cash down 20 percent. Ripples losses were by and far the biggest, especially considering the growth the coin experienced in the past few weeks . Ripple reached $3 a coin a few days ago after it was added to Bloombergs price terminal in late December . South Korea also recently pushed up the altcoin market as the mania strike the Asian country with Ripples doubling up attributed to South Korea being taken with the Blockchain-based payment solution for enterprise-level global payment transactions. The low Ripple numbers may be down to the fact that Coinmarketcap does not including information from some South Korean exchanges , but there are other concerns afoot. "The reason ripple is surging so much is it's a bubble," said Erik Voorhees , CEO of digital asset exchange ShapeShift and a vocal advocate for Bitcoin as a way to separate money and the state. "Testing crypto with banks doesn't make sense. The whole idea of crypto is you don't need a bank. The Continue reading >>

Major Cryptocurrency Exchange Kraken Is Still Offline, Two Days After Going Down And Users Are Worried

Major Cryptocurrency Exchange Kraken Is Still Offline, Two Days After Going Down And Users Are Worried

Latest article by Henry Joseph-Grant, to see more click here Kraken, one of the worlds largest cryptocurrency exchanges has been down for two days and its users are worried. @krakensupport I understand everyone's frustration as I am getting very frustrated myself. I have always trusted my funds on Kraken (although now I am getting nervous lol) But the fact that I can't trade on my main trading account is hurting me during this price action! Mathew Stover (@stoves_17) January 13, 2018 The San Francisco-based companys went offline at 9am PST on Wednesday for maintenance that was initially scheduled to last two hours, plus an additional two to three hours for withdrawals. They made the following announcement. We are still working to resolve the issues that we have identified and our team is working around the clock to ensure a smooth upgrade, according to a status update on Krakens website posted seven hours ago. This means it may still take several hours before we can relaunch the site. Two days later and they have just released the following maintenance update @krakenfx just released a new update on the maintenance. Are you a #Kraken user? Are you worried? pic.twitter.com/47Ev9gnWLZ Henry Joseph-Grant (@speirin) January 13, 2018 and users have received the following email from Kraken support Nicolas Dimanow ???? (@conidim) January 13, 2018 Time will tell if Krakens delay in going back online are simply understandable growing pains experienced by its peers and fellow popular websites such as Coinbase who have frequently crashed or slowed down in the past few months as theyve been unable to handle the increased traffic coming from the growing number of investors trying to cash in on the crypto boom. The developer community have voiced they think this is the case. What hap Continue reading >>

Bitcoin Prediction 2018: Here's Where Investors See Bitcoin Going This Year

Bitcoin Prediction 2018: Here's Where Investors See Bitcoin Going This Year

Bitcoin prediction 2018: Bitcoin and the cryptocurrency craze has had a rocky start to 2018 plunging to a two-month low of $7,695.10 according to CoinDesk.com But that does not mean it is all bad news for the bitcoin. Here are some experts predictions on where the digital currency mania is going: At the start of the year Blockchain Capital partner Spencer Bogart predicted that bitcoin’s price could rise to levels of up to $50,000 in 2018, over double its highest price in 2017. Mr Bogart said the Bitcoin price will rise with the help of institutional investors. He told CNBC: “Institutional investors that want to play in this market, even if they do, they are going to wait a little bit and either dip their toes in the water or just wait on the sidelines until they see the products themselves function.”  Bitcoin prediction 2018: Here are some of the price predictions for 2018 and beyond Mr Bogart said he is most focused on Bitcoin in 2018. He said: “I can’t tell you exactly what’s going to happen with price and neither can anybody.  “But when I look out over the next 12 months, what I see is a significant supply and demand imbalance at the current price levels.  Imran Wasim, a financial analyst at AMSYS Group, told News BTC he was far from downbeat, predicting cryptocurrency will become “more mainstream” in 2018. He added: “It has dropped in price, this is good. “A lot more money is going to come into bitcoin, bitcoin will go up around $30,000-$35,000 this year – next couple of years? $100,000.” While revealing he had “no idea” when the price could shoot up, Mr Wasim added: “It is going to happen, because of its a store of value.” But not everybody was so positive. Last week,  David Garrity, chief executive officer at GVA Research LLC Continue reading >>

How Do People Give Value To Cryptocurrency And How Is The Price Of Cryptocurrency Defined? | Bitconnect

How Do People Give Value To Cryptocurrency And How Is The Price Of Cryptocurrency Defined? | Bitconnect

Precious metals gain their value/perceived value due to their utility and limited supply, and price is often tied to supply/demand. Supply/Demand is a simple economic factor that affects the price of many things. In some countries Bitcoin and other cryptocurrencies is classed as an asset, in others as a currency. Bitcoin, for example has a maximum of 21 million whole units, divisible 100 million times. With over 7 billion people on the planet, if even 1 billion were to adopt Bitcoin, 21 million whole units would not spread very far without a significant price tag. The supply is also bought in at a constant rate and is unchangeable due to the coconscious rules. This creates a supply that is limited, and thus people will pay more to get the coins they think have value. Block reward halvings, like the Bitcoin halving of 2016 caused the price to slowly increase as the halving approached, due to the reduced supply of new incoming coins imminent. This can affect the price of many cryptocurrencies, but in the case of Litecoin, did not even make a major dent in the price. The energy put into securing blockchains can be intensive. In the case of proof of work (POW) blockchains which are the most popular form, electricity usage can be intense. In the case of Bitcoin, the blockchain uses as much energy securing it at present as a small country uses. This has a factor on the price, as it takes a certain amount of energy on average to mine one Bitcoin. This goes up with difficulty increases. The more secure the blockchain and the higher the mining difficulty , the higher the perceived value and price and the harder the coins are to get through mining. This can have an impact on price and ties in with the energy usage above, in the case of proof of work blockchains such as Bitcoin a Continue reading >>

What Is Bitcoin? What You Need To Know About Cryptocurrency

What Is Bitcoin? What You Need To Know About Cryptocurrency

If you own bitcoin or other cryptocurrencies, it might be a bad day for you. The price of bitcoin plunged by 15 percent this morning , dropping below $12,000 for the first time since Dec. 4. Other cryptocurrencies have also seen price declines, with Ethereum falling by 20 percent and Ripple falling by 33 percent. The plunging prices are a stark difference to the success bitcoin saw last month hitting a record of nearly $20,000 on Dec. 16. Currency of the future? Some argue its bitcoin As the digital currency Bitcoin surges in popularity, curious investors and entrepreneurs alike are watching closely to see what happens with the fluctuating prices. Dont understand the basics of bitcoin? Heres what you need to know: 3 Kettering's Tenneco to invest $61 million in plant, add 300 jobs Bitcoin is a cryptocurrency, or a digital token, that can be sent electronically and directly from peer to peer. There is no physical backing and it is a decentralized currency meaning it is not controlled by any government or banking entity. Bitcoin is the first cryptocurrency ever created, and remains the most popular one to date. I tell people its a digital currency and its a program, said Jad Mubaslat, Wright State University graduate student and founder of BitQuick.co, a bitcoin trading platform. For the first time in history, it allows anyone anywhere in the world to send any amount of money instantly. Most importantly, it;s without a third party like a bank or a government. Now, you can truly send your money without somebody telling you what you can or cannot do. The record of all bitcoin exchanges and transactions are record on what is called the blockchain, which is a network of decentralized computers. Bitcoin was created by an unknown programmer going by the name Satoshi Nakamoto in Continue reading >>

More in cryptocurrency