How an Emerging Markets Currency Crisis will Cause Coin Prices to Explode

A fast-moving emerging markets crisis can greatly increase demand for cryptocurrencies. Altcoin prices could shoot up as residents of crisis nations seek safe havens for their money.

Cryptocurrency is the easiest and fastest way for Argentines, Turks, Venezuelans, and others to move their money out of country. All a person needs to convert funds to altcoins is a credit card and an internet connection. Anybody can download a digital wallet, and buy cryptocurrency in a few seconds.

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The Current State Of The Blockchain Market

Bitcoin is, of course, not the only currency out there waiting to be mined. There are hundreds of mining pools out there for a range of different cryptocurrencies, and you can find lists of different pools for each type of digital coin.

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The Coming Electricity Shortage, Technology’s insatiable demand for juice may spell disaster

What is far more frightening is that cryptocurrency is just the tip of the iceberg when it comes to electricity-hungry tech. Several technologies that might be huge electricity hogs are about to go into wide use. Some of them will be greater consumers of power than cryptocurrency.

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George Soros about to take the Cryptocurrency Plunge

Either way, there is a strong possibility that Soros Fund Management or its surrogates will start buying up large amounts of cryptocurrency if the prices for strong altcoins such as Bitcoin, Ethereum (ETH), and Litecoin (LTC) stay low.

“As long as you have dictatorships on the rise you will have a different ending; because the rulers in those countries will turn to Bitcoin (BTC) to build a nest egg abroad,” Soros said at the World Economic Forum in Davos Switzerland on 25 January 2018.
Soros thinks cryptocurrency will attract big money and he wants a piece of it. Soros is very familiar with dictatorships and currency; he grew up in Hungary during World War II and experienced Nazi and Communist thuggery; and one of history’s worst cases of hyperinflation, first hand.

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Meet Federico Tenga: The guy who teaches North Koreans about Bitcoin

It was no surprise, then, that Pyongyang University of Science and Technology (PUST) invited Federico Tenga, an avid Bitcoiner, and co-founder of Chainside, to teach their Computer Science and Finance students about Bitcoin (BTC).

“It’s one of the only places which feels fundamentally different from the rest of the world…”

I’d also consider myself to be a Libertarian, so visiting a country so controlled by the government like North Korea was particularly intriguing to me. It’s one of the only places which feels fundamentally different from the rest of the world because they aren’t as connected to it.

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Blockchain Company Not Holding Token Generation Event

A visit to 777.Bingo’s website reveals no plans for a token sale. Instead the company, refreshingly, focuses on the product it wants to sell games. Even the name of the company’s token is hard to find through its site.

Europe.

777.Bingo’s business plan is to sell games through the blockchain; rather than tokens, the company’s Chief Strategy Officer (CSO) Matt Lee revealed. Lee views the blockchain as merely a distribution channel rather than a product.

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The Universa Cryptocurrency is Building a Better Blockchain

The Universa team claims that their system will be one thousand times faster and one hundred times cheaper than Bitcoin (BTC). They also boast that their system will be far more scalable and capable of offering 20,000 transactions a second.

That compares favorably to Visa’s (NYSE: V) global payment system which is supposedly capable of handling 24,000 transactions a second. Visa claims to be able to process 24,000 transactions a second and to handle 140 million transactions a day. That might translate into a lot of cash of if Universa is capable of living up to that hype.

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Some Cryptocurrency Predictions for 2018

The biggest cryptocurrency event in 2018 will be the appearance of a government-issued cryptocurrency or a government ICO. There are plans for government ICOs in Venezuela and Estonia.

The Estonian effort is the most serious right now, but specifics on it are light. The Estonian ICO would have major effects because the Baltic Nation is part of the European Union and the Eurozone.

Expect the Ethereum Coin Price to shoot up if Estonia releases a cryptocurrency and the EU doesn’t try to kill it. There will be major speculative bubbles around both Ether and Estcoin if there is an Estonian ICO.

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