Tag: dow

NXC takes over the Korean Korbit Exchange

The NXC media giant bought the second largest Korean cryptocurrency exchange. Korbit was sold for a substantial amount of 80 million dollars. Expansion of NXC NXC, which owns the Nexos online gaming platform, has confirmed a transaction that the local media had already mentioned at the beginning of the week. NXC has been reviewing and investing in startups with digital idea and technology and this investment was made with our positive view on the growth cryptocurrency industry. A unique opportunity The ban on digital currency trading in China has given Korea a significant advantage in the cryptocurrency market. Korean...

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Gibraltar the perfect place for cryptocurrency funds?

Regulators around the world are beginning to realize how much money they have changed owners during ICO fundraising. The Gibraltar Financial Services Commission (GFSC) has recently issued a statement to this issue. Gibraltar – Financial Centre Gibraltar, the British Overseas Territory located south of Spain, is by definition an international financial centre. This is a place of particular interest for large corporations due to the benefits of low taxes. Other advantages include a well-established legal system and access to the entire European Union market. Casinos and financial firms are the driving force behind Gibraltar’s development. Experts argue that Gibraltar...

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CFTC filed charges against Gelfman Blueprint – Bitcoin

The Commodity Futures Trading Commission (CFTC) has filed its first ever charges against a corporation investing in Bitcoin. Gelfman Blueprint, owned by Nicholas Gelfman from Brooklyn, New York, was accused of making false statements about the investment in Bitcoin. The company informed investors that it created a computer algorithm called “Jigsaw”, which will automatically generate substantial rates of return on the investment in Bitcoin. Investors tempted by the opportunity to earn a good income were willingly entrusting their money to the company. Significant losses The company managed to attract around 80 investors, whose total investment capital amounted to about...

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What will the cryptocurrency mining look like in the future?

The cryptocurrency mining reached a point where all the combined mining equipment uses more electricity than Iceland. Cryptocurrency market capitalization is still very small compared to traditional financial markets. Such electricity consumption may soon become unsustainable if the digital currency industry continues to grow at the current rate. More difficulties in cryptocurrency mining Both Ethereum and Bitcoin’s mining difficulties are growing exponentially. This trend is likely to continue in the future, and miners will be forced to purchase increasingly powerful mining equipment for mining digital currencies. The times when everyone could earn money on mining Bitcoins with their personal...

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Bitcoin can’t be stopped!

Bitcoin has recently received two powerful blows from China. The first blow was aimed directly at ICO projects. The second has hit the industry as a whole and, of course, there is a total ban on digital exchanges in China. Additionally a financial virtuoso, Jamie Dimon contributed to the market drop by calling Bitcoin one great fraud. As you can guess after a few bad news, the price of Bitcoin and practically all other cryptocurrencies started to drop sharply. Many people already predicted the end of Bitcoin and in panic started selling off their cryptocurrencies. The price of BTC...

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