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Why Bitcoin, Ethereum And Altcoins Are So Weak in 2018

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While Bitcoin has achieved much in less than a decade they have been around, it would seem that this year has been particularly harsh. Even though it is still a large trend, something has caused the crypto world to seemingly lose its momentum. So, today, we will explore what has been bugging cryptos in 2018.

So far, 2018 has been quite an eventful year for cryptos. The market went from its peak to its presumed bottom in a matter of days back in January. Numerous times since then, the stubbornly bearish market hinted at going bullish, only to crash once more, and take everyone’s’ hopes with it.

Hack after hack after hack hit the exchanges, wallets, ICOs, and everything else crypto-related. And, let’s not forget the controversies, accusations, lawsuits, the issue of centralization and decentralization, and the number of altcoins going up to over 1800. According to many experts, it is a miracle that the crypto market is still around at this point. And, while the year has obviously been extremely tough, we should now take a look at some aspects that have made an impact on the situation, for better or for worse.

The capital pool

In order to see the situation regarding the crypto market’s capital pool, let’s start with retail. Retail has developed a large interest in cryptos on several occasions in 2017 and 2018 due to the belief that there is an easy profit to be made. Each time it has happened, the cash flow seemed to help the market a bit, but it never received enough to take off.

Then, there is a controversy about early adoption. Despite the big popularity of ICOs, especially at the beginning of the year, a lot of coins were ruined before they even started due to fear of scams and Ponzi schemes. Nobody was willing to jump the gun, which in the end led to more damage done to the market.

Of course, institutional investors did not help at all. Those against the trend continued to bash it at any given opportunity, and they also have some pretty influential names among them. Pro-crypto institutional investors, on the other hand, while supportive, had to remain careful and hesitant. And, while their contribution is one of the largest sources of cash flow to the crypto space, the amount invested has not been nearly as big as it could have been according to estimations.

The leaks

While the capital pool already suffers due to a lack of trust, security, and a threat of scams and schemes, there are other issues that are constantly draining it.

One of the largest issues is mining inflation. According to statistics, over $30 million worth of cryptos are entering the market every day. That is almost $11 billion on annual basis. While the mining is a necessary part of decentralization, the new coins are definitely helping the bear market, instead of turning it bullish.

The next big issue is taxes. The governments are quickly finding a way to subject cryptos to taxation, which is draining the space even more. Additionally, there are things like leverage and various fees within the exchanges themselves. The exchanges cannot be eliminated since they are needed for coin trading, and until the truly decentralized exchanges emerge, the crypto holders are stuck with these ones.

Finally, there is the so-called demise of altcoins. A lot of these coins suffered greatly from price declines, and have damaged the market even more than it would be damaged without them. Their popularity came from investors who wanted to take advantage of their low price, and when it went up, more people came. Then, the prices went down and pulled all of these investments with them.

For now, it is unknown what the future of cryptos will hold. While many are hoping for a bullish market, there are also those who foresee the disappearance of cryptos. While this will hardly happen, we still have to wait for the proper conditions that would turn the market into a profitable space once more.

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Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Global Coin Report and/or its affiliates, employees, writers, and subcontractors are cryptocurrency investors and from time to time may or may not have holdings in some of the coins or tokens they cover. Please conduct your own thorough research before investing in any cryptocurrency and read our full disclaimer.

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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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