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Dogecoin’s market value soared to $0.005599 on cryptocurrency exchanges, approaching a two-year high. The growth over the past two days has exceeded 100%.

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On the 7th of July Dogecoin’s market price has grown by 26% in a few hours after a viral video on the TikTok social network, offering to buy DOGE and “get rich”.

The rapid growth of the coin began on the night of July 7. Price grew from $ 0.00229 to $ 0.0029 in one day. DOGE’s capitalization grew by $ 70 million, which allowed the coin to get to 33rd place in the cryptocurrency rating. …


Originally published at https://cryptogeek.info.

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The cryptocurrency market in recent years is experiencing a certain kind of “stagnation.”

Nevertheless, there are cryptocurrencies that were able to break all records in the cryptocurrency market, having risen in price by hundreds of percent in a short time. Today I want to recall and collect in this article all the loudest and unexpected jumps in prices in the history of cryptocurrency. And also, I would like to mention in this article a service that can exchange all these cryptocurrencies in a matter of minutes. Let’s go!

Bitcoin (BTC) +

On December 17, 2017, Bitcoin (BTC) set a historical record — the cryptocurrency exchange rate reached $ 20,000. …


Originally published at https://cryptogeek.info.

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There are obvious obstacles that delay the mass adoption of cryptocurrencies and blockchain-based platforms in general, namely price volatility (in the case of cryptocurrencies), and poor scalability (low capacity of the networks also known as the bottleneck problem).

Nevertheless, scalability is set to be improved — numerous developers are working on solving this issue and the methods are diverse. Most probably this issue will be solved successfully, it is just a matter of time. Moreover, the price volatility of some cryptocurrencies is quite relative. In March of 2020, many national currencies were more volatile than Bitcoin and other cryptocurrencies.

Yet, there is another problem (not so big though) — transaction fees. At times, fees for cryptocurrency transactions are hardly predictable or high. That’s not something that makes the use of cryptocurrencies attractive. Additionally, the fact that some of the blockchain or cryptocurrency-related platforms have found the way to eliminate fees completely draws hope that the problem of costs for transactions can be addressed, too. …


Originally published at https://cryptogeek.info.

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Today we will speak of downsides of centralized human-ran services in the context of recent Ticketmaster scandalous refund policy changes.

What Happened?

As public events could be dangerous due to the risk of getting COVID-19 almost all the live concerts around the world were prohibited. Many musicians, venues, road crew members, live sound engineers, promoters, booking agencies can’t work now. It seems that the only solution was to conduct concerts online but obviously this measure won’t save the industry.

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In this situation, a ticket sales monopolist Ticketmaster has changed its refund policy. For many years the policy read that the refunds are “available if your event is postponed, rescheduled or canceled,” however, in April the wording has changed. According to new rules, refunds “are available if your event is canceled.” Ticketmaster has sold tickets to over 30k concerts that were canceled, postponed, or rescheduled. …


Originally published at https://cryptogeek.info.

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Everyone knows: you need to buy Bitcoin when it is at a minimum. But how to predict this moment? Here are a few methods that can help you.

“Difficulty Ribbon”

In August, analyst Willy Woo introduced a tool called “Difficulty Ribbon.”

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When miners manage to get a certain number of coins, they sell them to cover costs, which puts pressure on the cryptocurrency rate. Less productive miners are selling more cryptocurrencies to continue mining. If the costs do not pay off, miners leave the industry, and then the hash power and network complexity decrease, which means that the ribbon is compressed. Only productive miners who sell fewer coins remain on the market. When part of the miners leaves, low pressure from sellers allows the price to stabilize and start to rise again. When the ribbon is compressed — the best time to buy Bitcoin. Often miners leave when the market is in a bearish mood or after another halving. …


Originally published at https://cryptogeek.info.

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A new unregulated market, where everyone strives to be the first to find himself in a new niche and get rich, is full of various risks, and, unfortunately, many are so busy making profits that they do not pay enough attention to the technologies they deal with.

The last drop in cryptocurrencies cost many investors losses, but more importantly, they no longer believe in this market. However, it should be noted that it is useful for many to experience such a shock as early as possible.

Here are a few tips based on market observation in recent months that should help you navigate your new industry. …


Originally published at https://cryptogeek.info.

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Back in 2017, stable cryptocurrencies (stablecoins) seemed exotic against the background of volatile cryptocurrencies such as Bitcoin, then in 2019 they were at the center of world political events: the defeat of the Libra project by the US government, the international condemnation of non-government stablecoins at the G7 summit, the intensification of work on the creation of state stable currencies in Europe, China, etc. …


Originally published at https://cryptogeek.info.

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As the current pandemic reveals, hospitals are not prepared properly for emergencies. It seems that the national healthcare systems are not prepared for any extraordinary situations. Wall Street Journal has pointed at the way blockchain platforms could improve the situation so the hospitals would receive artificial lung ventilation devices, test kits, and masks on time. In the article, WSJ tells about IBM’s Rapid Supplier Connect — a blockchain-based platform providing supply to hospitals. We should say that long before the coronavirus pandemic it was understood that blockchain is a forward-looking direction in the healthcare industry evolution.

The global healthcare industry needs serious improvements. In many countries, this sphere of life is so complicated that at times people prefer to heal themselves without professional assistance. Needless to say that the results of such treatment are not always positive or useful. Healthcare professionals also wish for better. Quality treatment requires access to as much health data as needed — from the patient’s past medical history to the latest research in the medical sphere. …


Originally published at https://cryptogeek.info.

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It was said many times before that in the days of disasters cryptocurrencies will be considered as a financial safe haven by many people. For years this claim was barely possible to confirm or disapprove but this time around it seems that we will see if it is true. Coronavirus hit the news right after disturbing news about the geopolitical tensions in the Middle East and the oil price crash. Let’s analyze the cryptocurrency market reaction to these events.

Market Wobbles

The market has lost a serious portion of its value on March 8. It has happened in the wake of the news about the oil price nosedive. $26 billion of overall crypto market capitalization vanished in one day. It wasn’t looking like cryptocurrency is a safe haven. Rather it looked like the cryptocurrency market is an immanent part of the traditional market and is not independent. …

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