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The Blockchain Ecosystem

In the latest digital time, everyone or most people know about cryptocurrency. Many people in the world are investing in the cryptocurrency and earn the profit. Bitcoin is started by a man named Satoshi Nakamoto in 2008 and its changed everything. Sometimes some people called bitcoin is e-cash means digital cash. This currency operates on a set of interconnected computers called peer-to-peer networks. There are many benefits of blockchain which we would discuss in next points.

benefits of blockchain

And there is Blockchain Ecosystem for bitcoins. We can also exchange cryptocurrency with our currency in cryptocurrency exchange market.

There are many types of cryptocurrency like:

1.Bitcoin

2.Ethereum

3.Ripple

4.Dogecoin

5.Dash coin

6.Litecoin

7.Monero

These are the normally known cryptocurrency or digital currency. And there is blockchain ecosystem for cryptocurrency and in these ecosystems, there are many stakeholders are interaction with each other and the outside world. The stakeholders are:

1.Users

2.Investors

3.Miners

4.Developer

Users

There are many users of cryptocurrency firstly comes an alarmist who is very conscious about this sometimes they like cryptocurrency, sometimes they are very hurt with the decrease in currency. Then comes the man with “connections” they use their connections in all world jurisdictions, the CIA, the law courts, and also with some presidents. Then comes a Believers they invest in cryptocurrency not only to earn profit but also to trust in their team and project. Than reseller came they have only 1 aim that when digital currency price rises they sale their crypto currency and when its price is decrease than buy. They are also connected with cryptocurrency exchange market

Investors

Many investors were interested in investing in cryptocurrency. Because in the mid of December 2017 price of bitcoin was $19177. In that times investor are investing millions of dollar in cryptocurrency and some people were working in buying and selling of cryptocurrency. But now the price of bitcoin $6000 that’s why many investors withdraw their investments.

Miners

There are two types of miners. Some miners are owned every single node on the network they are called private blockchain miners. But some miners make their computer as a node they are called public blockchain miner. To maintain the integrity of blockchain miners are required to hold a lot of power. And miner is using many tools for mining cryptocurrency and it is very expensive work. If you found a block on your own you would only receive a mining payout this is called solo mining. There are benefits of blockchain and miners are nearly connected with blockchain.

Developers

With the cryptocurrency, blockchain has a potential to become a lot. And developers have two types in blockchain:

1.dApp developers

2.Blockchain developers

The developers of blockchain build new blockchain with varying level of functionally. And developers of dApp can develop an application that runs on the blockchain, and with a reason to use the blockchain providing users.

This is the circle of the blockchain ecosystem. Where all stakeholder are connected with each other and gather information, invest and work.

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Bitcoin Will Hit $20,000 Before Halving

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Michael Spencer, CEO of NEX Group Plc, a financial expert, sees bitcoin’s value achieving $20,000 before reversing steeply, joining the unit of financial pioneers who claim bitcoin is just a bubble.

Spencer revealed to Bloomberg TV’s Guy Johnson in London that he has no clue if bitcoin’s cost will twofold before it halves, yet said it could hit $20,000 “truly damn rapidly.”

Spencer admitted that digital forms of money are here to stay, but also said that bitcoin is just a bubble.

In July, Spencer said he lean towards Ripple and Ethereum to bitcoin and that he may present NEX trading platforms for cryptographic forms of money. The issue with any bubble, he stated, is that you don’t know whether it will double up before it halves.

Buyer markets usually hit a point where everybody is bullish, he stated, and he doesn’t think bitcoin has achieved this point. , acknowledging that bitcoin has wide energy, Spencer said there are signals that it isn’t an ideal time to put resources into it just because others are doing so.

However, He Gave Thumbs Up To Blockchain:

Spencer, in the same way as other bitcoin naysayers, is optimistic about blockchain’s future, taking note of that it has enormous implications that reach out past the financial markets.

He said blockchain could be used to provide constant settlement of securities transactions.

The fact that an innovation has implication in numerous industries where it can enhance efficiencies does not mean the positively trending market “can’t move on a bit,” he stated, hinting bitcoin.

Spencer additionally addressed the unpredictability of stocks, Brexit, and other money-related themes. NEX Group’s offers tumbled before in November after the asserting economic situations were making challenges for its post-trade administrations and electronic trading.

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Buy Apartments in Turkey Using Bitcoin

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If you’re looking for a new luxury apartment, you might be surprised to know that now you can actually purchase one with bitcoins.

Recently, Dubai had announced an apartment project where Bitcoin owners can purchase these chic apartments.

Well, Turkey isn’t far behind as the owner of the MiaVita Beytepe project in Ankara, Turkey just announced that their very own luxury apartments are available for purchase using the digital currency.

Erdal Daldaban, the project manager firm owner, had enthusiastically said:

“We decided to make sales via Bitcoin, which has recently attracted the attention of Turkish investors with its recent value route, considering that we could also attract the attention of our customers who appreciate their investments like this.”

Why Bitcoin?

Daldaban says this is the reasonable next step:

“Bitcoin and digital money has become an element that can no longer be ignored by the global economy.”

This is mainly because of its current value in the market and the increase in its adoption around the world.

During last week, a home in Austin, Texas was bought using bitcoin news and a house in London was put up for sale on a minimum price of 500 bitcoins.

 

News Credits: steemit.com

Image Credits: fox40

Tags: Bitcoin Turkey, Bitcoin trading

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Cryptocurrency Market Crash: Bitcoin Price Has Dropped Below $10,000

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The price of Bitcoin has dropped by 11% today, on January 31, and once again, the cryptocurrency market is struggling to recuperate from its preceding corrections. Other major cryptocurrencies like Ripple, Ethereum and Cardano have also dropped by 8 to 13 percent and have triggered the cryptocurrency market crash.

Performance of Bitcoin:

In December, the valuation of the cryptocurrency market fell by more than 30%, and since the cryptocurrency market crash, most of the cryptocurrencies have struggled to record hefty gains in the cryptocurrency market. So, we can say that the crash in the performance of bitcoin is not exclusive to bitcoin.

Cryptocurrency Market Crash

Bitcoin is among one of those few major cryptocurrencies (excluding Ethereum), that hasn’t recorded a 50% drop from its all-time high. Whereas, other cryptocurrencies like Bitcoin Cash and Ripple, have dropped by almost 60% from their all-time highs. Apparently, the current price trend of bitcoin shows that the cryptocurrency isn’t performing well in terms of adoption and user activity.

Robinhood is a US-based financial services company that allows individual investors to invest in publicly traded companies and the stock market. Robinhood recently announced that it is going to launch a cryptocurrency exchange and a bitcoin, also, it will allow traditional finance market investors to trade in the cryptocurrency sector.

It is expected that the Robinhood’s cryptocurrency trading platform will launch in February. Above 998,000 users have already signed up to get the early access to Robinhood’s cryptocurrency trading platform and that is almost 10% of the user base of Coinbase.

Multiple hedge funds have expressed their sanguinity this week towards the short-term trend of bitcoin. There have been many rumours in the market that the institutional investors in the finance sector have sold huge amounts of bitcoin in an attempt to lower the price of bitcoin purposely.

 Acceptance by Retailers & Other Financial Sectors:

South Korea’s one of the largest e-commerce platforms “WeMakePrice” have started to adjust twelve cryptocurrencies into their present system in partnership with Bithumb. Soon, cryptocurrencies like Bitcoin, Bitcoin Cash, Qtum, Ethereum, Litecoin and EOS will be accepted by WeMakePrice, which will make it South Korea’s first retailer to accept cryptocurrencies.

Right now, the cryptocurrency market is endeavouring to reflect this speedy adoption of cryptocurrencies by retailers and large-scale companies, which bitcoin sceptic, Howard Schultz (Starbucks chairman), has labelled as the only essential feature for the progress of cryptocurrency market.

As the major cryptocurrencies in the market such as; Bitcoin and Ethereum, continue to be adopted by retailers and other major financial sectors, within few weeks, the valuation of the market would certainly upsurge.

 

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Is It A Scam Or Telegram ICO Has Really Hit $1.7 Billion?

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The most hot news circulating at all the major crypto platforms is about Telegram ICO which has hit $1.7 billion according to the public documents shown by the company. It was announced in these documents that the second round of Telegram ICO had just succeeded in raising $850 million. This amount was being attained in a sale that began on March 14.

It was also reported in these documents that a total of 94 investors took part in the above mentioned funding process. Average individual investment was recorded to be $9 million during that funding process. It is also a notable point that the previous funding of Telegram ICO also comprised of $850 million. It had a total number of 81 investors and the average individual investment was $10.5 million at that time. These documents were filed with the US Securities and Exchange Commission.

us securities and exchange commission

Report submitted to SEC

Both the above rounds of investments were being reported to the SEC. The submission of this report took place under Rule 506(c) of Securities Act Regulation D. it must be noted that this rule allows unregistered securities issuers to accumulate an unlimited amount of funds as long as they follow the below mentioned rules:

  • The company raising these funds must file a simple report with the SEC.
  • Such a company must bound its contributions to accredited investors.
  • The investors of such funds must submit a predefined vesting period before they sell their stakes.

Is Telegram ICO Opaque?

Somehow, Telegram ICO has managed to remain transparent during the all that fund raising process and has followed all the rules and regulation. Along with the handling of the ICO, it has also been significantly transparent.

However, it is not clear whether this fundraising success will conclude the firm’s token sale or the company will continue to raise more and more cash for the aforementioned project in the upcoming days.

Aftermaths of Telegraph ICO’s success

No doubt to raise such an amount of funds in such a small span of time is a huge success, it has also scared many big-name investors right away. Even the well known cryptocurrency giant Pantera Capital is among those who are a bit terrified with the success of Telegraph ICO.

It is being expected that Telegram Open Network (TON) will soon be a revolutionary blockchain for the third generation era of crypto investments. The native token of Telegram Open Network is known as the “Gram”. So far TON has a network capacity of processing approximate 1 million transactions per second virtually free of cost.

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