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The Search For The Next Bitcoin (BTC) Is On And Siacoin (SC) Looks Like A Promising Alternative

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Bitcoin has no doubt become the most popular cryptocurrency in the world for numerous reasons such as the fact that it was the first cryptocurrency, and it introduced blockchain technology. However, the most popular reason for traders is the fact that it was less than a dollar when it first came out but a few years later, it has grown so much that it is now worth more than $10,000 dollars. So much so that people have started looking for the next such currency that can deliver such gains in the future.

Bitcoin is currently the most valuable crypto coin in the market and its price tag has an all-time high of almost $19,000 although its price looks like it will end the year on the bearish trend that it is currently on. Other than trading, blockchain has been the biggest win for the industry because all other cryptos are based on this technology.

Investors are currently looking for the next cryptocurrency that has the potential of delivering gains that are as high as those that have so far been offered by Bitcoin and this leads us to Siacoin (SC). This is an altcoin that was created out of the need for a better cryptocurrency that would overcome the problems of Bitcoin. It was created by Luke Champine and David Vorick whose aim was to lead the second wave of cryptos.

Unfortunately, the mission was not exactly a success and that is evident by the fact that it did not manage to attract as much hype as they had hoped. They also encountered some problem but while Siacoin is not a perfect crypto, it is worth noting that they did manage to build something quite unique with some noteworthy improvements from the original.

After observing bitcoin, the two developers embarked on placing their focus on file storage as one of the solutions for decentralization in the cryptocurrency industry. Sia was created based on the idea that the internet is constantly growing and it continues to grow but the fact that this translates to more files to be hosted means growth will be limited by storage. Cloud storage is a good solution but one that does not fully solve the problem of storage.

Vorick and Champine came up with an innovative method through which data can be stored on devices such as PCs, tablets, and smartphones that we already own. This means Sia’s blockchain technology might in the future turn your device into a cloud storage solution. The idea is that one person who has storage needs can purchase storage space from another person with ample storage space and is looking to lease the said space.

The Siacoin currency is expected to support this kind of technology and this means that it will have a special use. The fact that it aims to solve an existing problem also means that the cryptocurrency might end up gaining a lot of value in the future.

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

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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Bitcoin

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 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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