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Buy Komodo (KMD) Ahead Of A Recovery

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Komodo (KMD) is a coin that’s attracting a wave of speculative attention right now, despite the dip in volume we are seeing in the wider cryptocurrency space on the back of the Christmas and New Year breaks.

The coin ran from $2.95 on December 11 to more than $12 a piece by December 22 – a run of 306% in an 11-day period.

As things stand, we’re currently seeing something of a correction, with KMD trading in and around $8.50. We think this correction could be a nice opportunity to jump in and pick up some cheap coins ahead of a return to the upside.

Here’s what we’re thinking.

It’s worth noting here that the cryptocurrency space as a whole has undergone something of a correction over the last week or so but that, really, this isn’t a major concern. It’s the holiday season and the end of the year. People are exchanging to fiat to cover the costs of the period and taking profits ahead of the end of the year for tax purposes.

We’re almost certain to see a post-holiday boom pretty much across the sector and this boom is going to filter down from the big names (bitcoin, Ethereum, Litecoin) etc. to those coins at the lower end of the market capitalization rankings.

KMD is included in this.

Anyway, let’s get back to the point. What’s this one all about?

KMD is the cryptocurrency associated with a platform called (not surprisingly) Komodo and this latter platform is designed as a platform on top of which developers can build decentralized applications. Some readers will be thinking we’ve heard all this before but that’s not entirely true. Sure, there is a bunch of Dapp building platforms out there right now but Komodo is ahead of the pack for a few reasons.

KMD Daily Chart

KMD Daily Chart

First, it allows for the creation of private blockchains that underpin the applications being built, which then link into the Komodo blockchain.

Second, this blockchain linking network type setup then allows for a link to the bitcoin blockchain, which serves to underline the security side of the equation.

Third, BarterDEX. Technically, this isn’t a feature of the Komodo platform but that’s not too important. BarterDEX is a decentralized exchange built on top of the Komodo platform and – in many ways – is the first of its type. Why? Because it’s powered by what’s called Atomic Swap technology.

Anyone that’s spent a bit of time in this space over the last month or so will know that scaling issues and, specifically, issues associated with transaction fees and costs are a hot topic, especially as relates to bitcoin.

With the lightning network expanding (as allowed for by the SegWit fork), Atomic Swaps have become one of bitcoin’s best bets as far as overcoming these scaling issues are concerned and no company or exchange is as far ahead of the rest of the game in this arena than is Komodo. For anyone new to Atomic Swaps, it’s essentially a method of converting coins from one format to another direct from blockchain to blockchain, without having to go through a third party exchange. You can swap BTC for LTC, for example, or KMD for ETH, direct from chain to chain, based on a trustless contract that ensures both parties get (and do) what’s required from the transaction before it completes.

And it’s BarterDEX that’s really driving our bull thesis in KMD right now. If the Atomic Swap drive continues (and, given the current climate, we fully expect that it will) then BarterDEX is going to become a heavy hitter in the sector very quickly, pulling Komodo with it.

We will be updating our subscribers as soon as we know more. For the latest on KMD, 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.


Image courtesy of Komodo

Bitcoin

Cryptocurrency Fraud is Evolving; Bitcoin ATMs Mitigate Risk 

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Cryptocurrency Fraud is Evolving
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In one of the more overlooked aspects of the crypto ecosystem, it appears that the bulk of illicit activities are shifting from hacks and thefts to cryptocurrency fraud and scams.

CipherTrace, the crypto-surveillance, and analysis firm released a report at the end of Q4 2019 that revealed hacks and thefts had decreased by 66 percent in 2019 while fraud and misappropriation of funds surged by 533 percent. And beneath the COVID-19 hysteria of 2020, hacks in the crypto sector have been eerily isolated. 

Outside of a few exploited flaws in P2P exchanges and DeFi flash loan vulnerabilities, the headline-grabbing hacks of exchanges for hundreds of millions of dollars have been absent so far this year. Is the industry due for another massive hack, or are stringent KYC/AML processes, regulatory crackdowns, better security practices, and blockchain surveillance working? 

KYC/AML Improvements Are Reducing the Appeal of Crypto Exchange Laundering 

2020 is far removed from the no-KYC wild west days of the early-mid 2010s where anonymous altcoin casinos preponderated and the Dark Underbelly of Cryptocurrency Markets thrived. 

Today, bitcoin and the crypto ecosystem is becoming institutionalized with a surfeit of derivatives (e.g., options, futures, perp swaps, etc.) available on…

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IE Option – 91% Profit on BTC Fluctuations in Every 60s

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On Thursday, Bitcoin price broke below $6,700 and hit the weekly low to $6,480. Then, it rebounded back above $7,000 again with an increasing rate of 5%. At press time, based on the incomplete statistics, more than $720 million worth cryptocurrency futures contracts have been liquidated in this week. During the strong market fluctuation, investors are learning a hard lesson about the downside of cryptocurrency futures trading with leverage. 

Since we know that we cannot make money by investing in BTC spot trade during the bear market, and we notice the high risks of liquidation by trading leveraged bitcoin futures contracts, how can we hedge the loss in spot trade and profit from the BTC market volatility? 

BTC Option is a profitable trading product that you can turn to!

What is Option?

Option is a type of crypto derivative contract which enables investors to make speculative bet on price rising and falling. Call option means that trader long BTC at a given strike price, while Put option allows trader to short BTC at a given strike price. 

For example, if you predict that BTC price may surge, you can buy a call option. Suppose that you buy a call option at $7,000. As long as price exceeds $7,000, you can make profit. 

IE Option – Get…

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4 things you should know about bitcoin casinos

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Bitcoin casinos
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Bitcoin Casinos are the ideas of innovation, firmly moving towards the goal of disrupting the whole Gambling Industry. Best Bitcoin Casinos are the true trailblazers of the new era of gambling. Their creators quickly recognized all the immense potential that blockchain and cryptocurrencies contained within themselves. Most of the top Crypto Casinos started operating in the first half of the past decade and are quickly moving towards being the dominant force, when it comes to online gambling. There are a couple of key characteristics and advantages that elevate BTC Casinos above the rest of the competition on the market.  

Trusted casinos have fast withdrawals

Only the Best Bitcoin Casinos offer players the benefits that come with using cryptocurrencies as the main source of finance. One of the biggest advantages that BTC Casinos have over the rest of the competition is speed. When using cryptocurrencies, players can deposit and most importantly withdraw their money with blistering speeds. Thanks to blockchain technology, all the financial transactions are completed within the minutes of request. Alternatively, standard online casinos operating under the guidance of classical banking intuitions, need several days to complete the same procedures.

In BTC Casinos anonymity matters 

Another amazing benefit of Bitcoin Casinos is the ability to stay completely anonymous during the transactions and gameplay. Thanks to the…

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