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Most of the cryptocurrencies in the cryptocurrency market have fallen by more than 16% and the market has experienced another major correction as the bitcoin price has dropped by 14%.

The price of Bitcoin has dropped below $9,000 and is currently trading at $8,704. Many investors are now wondering about the bitcoin crash reasons.

The major cryptocurrencies like Bitcoin Cash, Stellar, Ripple and Cardano have also dropped by 12-16%. Analysts have shown their concern towards Ripple because it fell below the $1 mark for the second time in two weeks.

Bitcoin Crash Reasons

For many bitcoin investors, the mark of $10,000 is a psychological threshold. Similarly, the $1 mark indicates the same threshold for XRP or Ripple investors. We can clearly see that Ripple’s price has recovered after dropping below $1, whereas the XRP’s price has fallen below $1 twice within the past 2 weeks.

Other cryptocurrencies are also struggling to show signs of short-term recovery. Cardano and Bitcoin Cash have remained constant for weeks and have continued to maintain their positions as the 4th and 5th most valued cryptocurrencies in the market. In the past week, these two cryptocurrencies have dropped significantly, while the other cryptocurrencies have moved in the same trend. Over the last 24 hours, many major cryptocurrencies have suffered losses and also, there’s been a decline in the value of many virtual currencies.

The whole cryptocurrency market has fallen by almost $120 billion and the previous month had been a slump for the cryptocurrency market. Even after the major corrections, the market usually records gains in the mid-term, often on a monthly basis but based on the momentum indicators, daily trading volume, and overall interest, it looks dubious that we’d see a rise in the cryptocurrency market by a large margin in the short-term.

Well, it is a feasible period for many newcomers to enter the cryptocurrency market, but on the other hand, it is not actually the best time to invest in the market. Investment in the market would be an option if it shows some signs of recovery in the short-term, but at this time, the most important thing is to expand the assets and minimize the risks.

What Triggered the Crash?

We’ve seen that the cryptocurrency market was hit with a series of developments and negative news. Even some regions are still struggling to recover from trading ban FUD that was started by the government of South Korean and now, the Indian government.

The cryptocurrency market was typically composed of casula investors and speculators, who’ve been keeping their eyes on the short-term profits. However, the speculators left the market after the slump in the price of most cryptocurrencies. So apparently, the market needs to struggle in order to recover.

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Latest Updates: Google is going to ban all Crypto-Ads

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Google is taking an action against the online advertisements related to cryptocurrencies at the beginning of June.

The company is upgrading its Financial Services Policy to restrain crypto advertisement, including wallets, trading advice and initial coin offerings (ICOs). This means that companies with legal cryptocurrency offerings won’t be permitted to serve ads through any of Google’s advertisement products, which place advertising on its own sites as well as third-party websites.

In another post, Google said that it took down 3.2 billion ads that violated its advertising policies in 2017, nearly double of the ads that it removed, back in 2016.

crypto advertisements

Facebook took the same step in January, the move affected most of the Google’s advertised products, which means organizations won’t have the ability to serve crypto advertisement on the search engine giant’s own sites, as well as third-party sites in its network.

Google’s director of supportable ads, Scott Spencer, told CNBC

“We don’t have a crystal ball to know where the future is going to go with cryptocurrencies, but we’ve seen enough consumer harm or potential for consumer harm that it’s an area that we want to approach with extreme caution.”

Crypto advertisement

The company also said that the policy will be executed across its platforms, including Facebook, Audience Network and Instagram. In the beginning of this year, Facebook banned crypto-related advertisements, mentioning the potential for “deceptive promotional practices.” It’s been reported that the crypto advertisements have also been vanishing from the social media sites of China as there’s a ban on ICOs and crypto exchanges in China.

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How to Set Up a Bitcoin Mining Rig w/ BITMAIN ANTMINER U2 & CGMiner

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Bitcoin technology is going to save environment

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Bitcoin technology is going to save environment

If you know about the bitcoin. which means, you clearly know about this technology. People use digital currency in the sale or purchase of any commodity or in term of service. Actually, this technology chain is wide and control by the computers forming blockchain.

Now, blockchain is also going to help in saving the environment difficulties. An ecologist at the university of the Agriculture sciences in Riddarhyttan is confident that this growing technology will also help to save the environment.  Science and he have a discussion about the future of the money, government trends and trust of the public as well.

The blockchain is a procedure to maintain the immutable ledger of the transactions. Which decentralization the supercomputers. Accordingly, because of the lack of trust, the environmental problems emerge. Whereas, environmental crisis grows in a fruitful ground. Which is directly the multiplication of intermediaries. For example, if you buy a ring from the supermarket. Here, you just buy a ring, not even know where it comes from. The supply chain of this ring is very long. It is possible that even retailer has not enough information, where the ring came from.

In the same way, the blockchain base supply chain would mean that you buy a ring by scanning QR from your mobile phone. Where you are able to see each step and positive thing is it cannot be falsified.

How blockchain help the environment?   

Blockchain has the ability to change the nature of the ownership. Moreover, in most of the developing countries land rights are not properly distributed as they are in documents. Where the government or a reputed company can easily claim, a land owned by a local community. Whereas, if we put the registry of the same land to the blockchain, which will be immutable. In addition, the real owner of the land will have complete freedom to do whatever with a land.

Blockchain has directly created an influence in policy making. While voting by the blockchain is the secure and organized way to the elections. Now, if you are going to manage an election regarding how to control natural resource. Whether it is a fishery or a forest. You need planning, instruments, ballot boxes and most important thing is to prepare the public to cast vote on the election day.  On the other hand, if you do this procedure of voting through blockchain technology. you’ll free cast a vote from your smartphone with your cryptography identity and strong security.

Furthermore, this technology helps by changing incentives. A blockchain guarantee that an event will happen. That sounds weird, but you enter into a contract with the blockchain. You are free to enter business logics as computer code. Next, when condition met the contract will be executed automatically.

Above all discussion is about how blockchain will help in environmental issues. We need more planning to change living, these are few of them.

Good luck!     

 

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What Are the Best Bitcoin Escrow Services In 2017?

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Best Bitcoin Escrow Services

Using third-party services for bitcoin transactions is a great idea, especially for LocalBitcoins users. This is because these types of transactions take place between two untrusted parties. So, you never know when a seemingly simple transaction could turn into an ordeal.

To avoid any unfortunate incident, we advise you to transact bitcoins via escrow service. The escrow service protects users from scams and makes sure that the transactions are taking place in a safer environment.

Learn about the most common Bitcoin scams and how to avoid them.

In case there is a dispute, the escrow service would act as an arbitrator and determine who the funds actually belong to.

Many Bitcoin marketplaces (BitPremier, CryptoThrift, Local Bitcoins, etc.) come with a built-in escrow service. However, if the marketplace through which you are making a transaction doesn’t provide one, then consider the ones discussed below.

Best Bitcoin Escrow Services:

Here are some of the best Bitcoin escrow services to trade your coins.

BTCrow:

BTCrow was established in 2011 and is one of the oldest escrow services out there. Although, the only long-lived solution, BTCrow isn’t that reliable. There have been many complaints regarding delayed payments and system’s response. For example, a user once made a transaction through this service but didn’t receive the payment for a good while. Even after contacting BTCrow support, it took around 12 hours to release the payment which was $7,500 USD. This is way too much for a transaction involving this much money.

Escrow My Bits:

Established just two years ago, “Escrow My Bits” has gone on to become one of the go-to names for Bitcoin users. The site offers a wide variety of services to escrow bitcoin, including:

Regular Escrow:

The site provides the user with a Bitcoin wallet address and asks them to deposit funds in the account. These funds are then forwarded to offline wallets (cold storage) which is one of the most advanced forms of wallet security.

Regular Escrow Pegged to Traditional Value:

The coins are deposited into an account controlled by the site. After the deposit, the coins are pegged to conventional value.

Multi-Signature Escrow:

This service secures your funds through a multi-signature transaction. The funds cannot be withdrawn unless all the signatures are accurately provided. The site holds only one of your private keys.

Multi-Signature Escrow Pegged to A Fiat Value:

Similar to the one mentioned earlier, your funds are kept in a secure multi-signature transaction using “Nubits” or “Omni” to peg the value.

The primary advantage of Escrow My Bits is that if a transaction takes longer than expected, you can still peg it to the fiat currency without the exchange rates affecting you.

The site deducts 1% per transaction in service charges.

Bitrate:

A Bitcoin escrow service which comes with the multi-signature feature. Bitrate is more like a multi-signature wallet.

A multi-signature bitcoin wallet is a wallet which can have multiple owners. To complete a transaction, these wallets require the signatures of involved parties. For example, if a wallet is shared by three individuals and two of those three decide to make a transaction, the order is executed.

The biggest advantage of Bitrate is that the site itself doesn’t hold the private key so it cannot steal your funds.

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Beginner’s Guide to Tor

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Just a couple years ago, Tor was something known only by tech-geeks. However, since leaks about the surveillance strategies of US and UK spies have arisen, Tor has become a target of criticism, accusations of promoting a “dark web” of pedophiles, drug dealers, and arms traders.

 

What is Tor?

The Tor project is a non-profit association that allowed users to browse the internet anonymously. It is intended to stop individuals – including government organizations and partnerships – from knowing of your location or learning about your browsing traditions.

The Tor network conceals your identity by moving your traffic across various Tor servers while encrypting the traffic. This makes it almost impossible for anybody to recognize the source of the data or region of the web client.

Tor’s software package, the Tor browser bundle can be downloaded easily and does not require any setup procedure. Although, you’ll experience a much slower internet than usual due to the number of relays your data goes through.

 

Who created Tor?

It was originally developed by the US Navy and received 60% of its funding from the State Departments and Department of Defense, along with several other backing bodies.

When it was initially launched in 2002, the project’s main focus was on securing every internet users’ privacy from corporations over governments.

Related: How to use Tor browser on iPhone

Who uses Tor?

Tor users fall into four main groups:

  • Normal users looking to just keep their browsing activities concealed from websites and advertisers
  • Cyber-spying concerned users that do not want their personal information to be tracked by any corporation.
  • Journalists and activists in countries with restrictions on the internet.
  • Whistleblowers can leak information to journalists while maintaining their privacy and having the freedom to express their true opinions.

 

The dark side                

Regardless of all its perks, everything has its drawbacks as well. It is important to be fully aware of what you click on while browsing with Tor. While many sites are socially acceptable or legal for that matter, others are known for having disturbing content. Stumbling upon such a web page showcasing criminal behavior or anything of that sort could land you in serious trouble.

Additionally, along with cloaking your identity Tor is also able to host websites, which means these sites are only accessible by people on the Tor network. These are known as criminal sites or in more obvious words “the dark web”.  The FBI and NSA have tracked down many of such sites, promoting disturbing content, drug purchases, illegal arms trading and much more.

Related: What are top 5 Proxies to access .Onion sites without Tor Browser?

What’s next?

We’re in an era of free-flowing data available to us with just a click of a button. Moreover, the internet is expanding on a daily basis and its depths are still unknown. With Tor becoming more widely used by internet users, the FBI and NSA have become more persistent in attempting to crack the network. In the end, it all depends on the user and for what activities they use Tor.

 

Image credits: i-novice.net

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