Bitcoin The King Of Cryptocurrencies

 One of the big problems with cryptocurrency is that it requires long and extensive passwords to remain secure. Owners of digital currency have often come across this issue. They forget their passwords and cannot access their funds, and as a result, these funds get locked up or lost forever. For Stefan Thomas, the problem is even bigger considering it’s keeping him from gaining access to well over $200 million in bitcoin at press time. Losing Passwords Usually Leads to Lost BTC Born in Germany and now living in San Francisco, Stefan Thomas is a programmer that owns a small hard drive known as Iron Key. Contained within this Iron Key hard drive is more than 7,000 bitcoin units, which is equivalent to about $220 million. The big issue that Thomas is experiencing has to do with how Iron Key operates. Granted you forget your password, you have approximately ten attempts to guess and open the hard drive before it encrypts all the data and permanently locks itself up. That means no acces...

 Litecoin price started a fresh increase after testing the $110 zone against the US Dollar. LTC price is back above $140, but it is still below the 55 simple moving average (4-hours). There was a break above a major contracting triangle with resistance near $140 on the 4-hours chart of the LTC/USD pair (data feed from Coinbase). The pair is likely to continue higher once it clears the $150 resistance zone in the near term. Litecoin price is showing positive signs above $140 and $142 against the US Dollar, similar to bitcoin. LTC price must stay above $140 to clear $150 and $155. Litecoin Price Analysis This week, there were additional losses in bitcoin, Ethereum, ripple, and litecoin before a decent recovery against the US Dollar. Earlier, LTC price broke the $140 and $125 support levels. There was also a break below the $120 level and the price settled below the 55 simple moving average (4-hours). It traded as low as $111 before the bulls took a stand. The price started a fresh in...

  Bitcoin has shot back above the $35,000 mark at the time of writing. This is about $2,000 higher than where it stood yesterday. The currency is once again bringing itself up the financial ladder, and it looks like the asset is beginning to earn all kinds of celebrity endorsements from the likes of singer Lindsay Lohan and others. Lindsay Lohan Is Pushing Bitcoin Bitcoin has always a big celebrity attractor. Many figures who can be classified as rich and famous have turned their sights to bitcoin either to invest in it or to learn more about it. Recently, Maisie Williams of “Game of Thrones” fame took to Twitter to ask her many followers more about the digital currency and decide about whether it should be included in her portfolio. Lindsay Lohan has put out a paid video message predicting where the cryptocurrency could potentially go in the coming future. She’s suggesting a $100,000 price for bitcoin and a $10,000 price for Ethereum. Her predictions align with those like Tom Lee ...

It has become rather clear in recent years that crypto crime will not be tolerated. Rossen Iossifov – the Bulgarian owner of the now defunct RG Coins – is learning this lesson the hard way. Iossifov Sentenced to Ten Years Iossifov has been sentenced to ten years behind bars for running a cryptocurrency exchange that was allegedly used to launder tens of millions of dollars in ill-gotten funds. The exchange was reportedly utilized to host fake auctions, convincing people to invest and then moving their funds through assorted crypto platforms as a means of hiding the money from authorities. The U.S. Department of Justice (DOJ) has put out a statement claiming that the 53-year-old Iossifov “intentionally engaged in business practices designed to both assist fraudsters in laundering the proceeds of their fraud and to shield himself from criminal liability.” Initially, the criminal program began in the nation of Romania. This is where the initial auctions were held. As many as 900 separate ...

 ECB President Christine Lagarde has expressed her thoughts on BTC in a recent interview, claiming the asset needs to be regulated on a “global level.” Christine Lagarde: Bitcoin Must Be Globally Regulated In her opinion, bitcoin has given people open doorways to numerous financial crimes such as money laundering. Thus, without global regulation in play, these doors can never be closed. She mentioned that bitcoin is not a currency. Instead, it is a rather “highly speculative asset which has conducted some funny business and some interesting and totally reprehensible money laundering activity.” One of the problems she has with bitcoin is that it is still so vulnerable to price swings. This is part of the reason as to why she claims it is not a valid currency. With bitcoin’s sudden spikes in recent months, the asset remains as volatile as ever. It just so happens that this volatility is potentially working for traders at the time of writing. However, the currency is now trading about...