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Augur (REP) Soars To New High After Its Price Doubled

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Augur’s price reached new all-time high recently following a rapid surge in the price of the cryptocurrency. The digital currency which also goes by the name REP has a prediction market that is based on Ethereum. The price of the cryptocurrency dipped slightly to $41.40 on December 18 before rallying and closing the day above $56.

The altcoin continued with the same momentum on Tuesday the next day hitting a new high at $106.23 before plummeting. However, it regained its strength and rallied again to a new all-time high of $108.47. It then went down the next day and was characterized by a lot of volatility. The price was at around $87.76 at the time this publication was compiled. The market cap was $965,387,500 and REP was at position 30 in the cryptocurrency ranking.

The factors that facilitated the recent surge in Augur’s price have not been disclosed. REP made its official debut in October 2016 and it plays the role of a financial incentive especially for users on the Augur prediction market.

This month has demonstrated significant gains for the cryptocurrency. It kicked off December with the price in the mid $20s and managed to rise to $30 on the third day of the month. Growth was relatively slow from there and the price managed to break above $40 on December 16 leading to the drastic rise in the price to reach the new all-time high.

The recent impressive performance of REP places it in the list of cryptocurrencies that have had the most gains this year considering that its price was as low as $2.83 in January this year. It is hard to predict the direction of REP’s price at the moment because of the volatility that it has demonstrated especially over the past 24 hours. There is no guarantee that the cryptocurrency will carry on with its recent momentum.

Some cryptocurrencies have surprised observers after rising and then tanking later buy huge margins have continued to soar and even break their previous highs. It is difficult to tell which side Augur belongs to.

2017 has arguably been the best year for the cryptocurrency market. Most of the cryptocurrencies have experienced significant gains especially over the past couple of weeks and there are still a few days left before winding up the month as well as the year. There is a lot of uncertainty about what 2018 will offer for the cryptocurrency market though there are positive expectations.

Some of the cryptocurrencies such as Bitcoin and Ethereum which got in the game long before cryptocurrency became a household name have gained a lot of value over the years. However, the market is now getting flooded with new cryptocurrencies. Some analysts believe that the presence of too many digital currencies in the market might lead to slowed growth.

We will be updating our subscribers as soon as we know more. For the latest on REP, sign up below!

Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Please conduct your own thorough research before investing in any cryptocurrency.

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Is Bex500 an alternative to BitMEX?

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An all around review of Bex500

Bex500 is a young but rapid-growing exchange, less adversarial than BitMEX, but with higher leverage than Binance, Bex500 has enough strings to attract many crypto traders. 

Those dissatisfied with the old exchange, may find Bex500 exchange with a stable system with no manipulation or “overload”, pleasant UX, user-friendly tool kits, and around-clock customer service.

Bex500 says they are making crypto margin trading “easier” and giving you a better return. 

Can they really achieve that? We conduct a comprehensive review as below to see if it is a trustworthy exchange

Question 1. What features does Bex500 have?

Bex500 offers perpetual BTC futures as well as three other cryptos including ETH, XRP and LTC, all paired against USDT. You may find Bex500 doing a good job aggregating most important features traders need for a robust trading experience with better return.

-A fair trade with no overload

Many traders are familiar with “overload” problem, which disables placing orders in peak trading times. It is suspected to be insider manipulations by exchanges which can cost users entire portfolios.

Bex500, with its unmatched TPS (claimed to be over 10,000 orders per second), ensures that the trading…

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How Bitcoin Has Changed Online Gaming

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We always hear how Bitcoin is great for the financial industry, how it can remove the middleman and help you save money while you spend money. How it can provide fast transactions at any time to any place, even when you wish to send money to someone on the other side of the world.

While all of that is true, it is important to remember that Bitcoin’s impact does not end there. The coin has already changed countless other industries, but one of the first ones that have accepted it with open arms — and therefore one that was changed the most — is the online gaming industry.

Bitcoin’s impact on online gaming

The first thing to note here is that digital currencies have found their use in online gaming thanks to microtransactions. However, it goes far beyond simply purchasing an in-game item from another player. Bitcoin’s biggest impact, without a doubt, concerns online gambling, sports betting, and similar activities.

Bitcoin brings security and anonymity

Bitcoin casino has become one of the new most popular places for an online gambler to visit, and for numerous reasons. Bitcoin brought increased security — to the financial industry, as well as online games. This is important because security is crucial for anyone who enjoys online gambling. It…

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The Crucial Role of Cryptocurrencies & Blockchain in Modernising The Telco Industry

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Blockchain has caused quite a stir in recent years. In fact, there’s a school of thought that firmly believes the digital ledger technology will prove to be the 21st Century’s biggest innovation

There are a great many industries braced for the disruptive force of blockchain, and the sweeping benefits it can bring to telecommunications can’t be underestimated. 

A blockchain is a decentralised, distributed, public digital ledger that’s fundamentally used to record transactions online. Every transaction that takes place is recorded across an extensive array of computers in a way that ensures that any individual record within the chain can’t be tampered with or retroactively modified. 

Because of the virtually impregnable security associated with blockchain and the efficiency that comes with a fully decentralised ledger, there’s plenty of potential for the technology within the telco industry in particular – especially given the financial flexibility that comes with cryptocurrency transactions beyond borders. 

Let’s take a deeper look at the important role that both blockchain and its associated cryptocurrencies can play in modernising and securing the telco industry:

Unprecedented security

The arrival of blockchain is causing a stir at Deloitte. The professional services giant has contributed tens of thousands of words on blockchain within its ‘insights’ network, and there are…

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