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Europe is an Agent for Stronger Cryptocurrency Adoption

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Europe is an Agent for Stronger Cryptocurrency Adoption

Europe had shown that they are not just interested in blockchain technology but also cryptocurrency. This could be seen by the adoption of cryptocurrency transactions by major banks in Spain, Switzerland, Belarus, and others online in other continents where banks are afraid of venturing into cryptocurrency as a result of no clear policy for crypto operations.

The reasons could not be far fetched since:

1) There is need for them to create more jobs: the European Union had discovered that it is hard for them to create the number of jobs that could reduce the impart of unemployment and migration drive from Africa without encouraging cryptocurrency activities. Blockchain technology had shown to be one of the major job creation invention in the recent time.

2) Need of the region: many countries within the European Union had shown that they are pro crypto and it will be out of it for the Union to reject what majority of its members are in support of.

3) The knowledge is increasing: there are a lot of fintech firms in the region that are fighting for the promotion of cryptocurrency education among its populace. This has increased the better understanding of what crypto is and how its operations are done.

4) cooperation of cryptocurrency exchanges: the region has gained a lot of interest from crypto exchanges that are migrating from Asia to their location due to friendlier policies and this exchanges are always cooperating with the government in fighting cryptocurrency crimes. This synergy had prompted a lot of investors to gain more trust with them.

5) Pressure to be the frontier: although the US is expected to lead other countries in making cryptocurrency regulations since the US has the largest economy. However, the region understands that there is need for them to make necessary adjustment due to the in flow of mining companies and crypto exchanges within the region. This could show that the region is expected to be a major drive in the near future for the higher adoption of cryptocurrency in the world.

Cryptocurrency

Is Ethereum Battling For A Bullish Breakthrough?

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Is Ethereum Battling For Survival?

With the level of cryptocurrency awareness currently on the increase and a lot of new projects coming up with better positions to displace the old ones, there is a need for the second largest cryptocurrency in terms of market capitalization Ethereum (ETH) to fight for its life.

ETH is presently moving towards the $150 after weeks of leaving this price mark. It has shown that it is a force in the market by reacting positively to the positive volatility in the market. The present market is experiencing an increase in price bullishness and ETH is also among the altcoins that are gaining against Bitcoin and USD.

However, the presence of complement sites has shown that ETH is out to do all things to remain relevant. These projects are offering alternatives to what the Ethereum blockchain could attain. The Tron blockchain has now been officially listed as the number one dapp blockchain ahead of Ethereum. So, maintaining a continuous price change ahead of TRX, the Tron token could restore the confidence of Ethereum investors.

Also, the attitude of Ethereum cofounder Vitalik Buterin who does not give out free Ethereum to the public had changed after the launch of Tron Arcade that provides seed fund for developers with its investment of $100 million in the project.

The controversy surrounding the release of Ethereum Constantinople last month and how it was postponed as a result of the position of some developers that other hard forks would be launched. With the understanding of what this could cost the Ethereum network, it was postponed to avert what happened to Bitcoin Cash during its hard fork in Nov 2018 from happening to the coin.

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Cryptocurrency

Factors that Promotes the Surge in Crypto Crime

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Factors that Promotes the Surge in Crypto Crime

One of the reasons why some governments and private investors fight against the adoption of crypto as a financial instrument, irrespective of its increase in adoption is because of its anonymous nature and the possible use of it in crime related activities.

This fear could be seen as real since data had shown that the rate of crypto theft had surge by more than 7 times between 2016 and 2018. However, there are factors that have encouraged it which includes:

1) Patronage of dark and deep web: most of the private data that one could never imagine could be accessed easily through the activities of sellers in the dark and deep web. This has given hackers an easy access to information that could make an operation successful.

2) The inadequate laws for crypto crime offenders: most countries do not have sufficient laws that could be used to prosecute a cryptocurrency crime offender. This has made offenders in most cases to admit the crime, since the penalties could be lower when compared to a crime committed with fiscal cash.

3) Delay in accessing the right information: the anonymous nature of cryptocurrency could make a victim, to pay hackers and remain quiet till the money had been removed from the market. The continuous possibility of creating an unlimited number of accounts with decentralized exchanges makes it hard for the offenders to be caught easily.

4) An avenue to make quick money: some of this data could be sold by an insider since research has shown that more than 15% of hacking activities are due to information that an insider sells to outside users. Cryptocurrency makes such transaction to remain anonymous and the seller could keep the money raised for some time before cashing out.

5) Rise in knowledge: some people want to test the viability of the knowledge they had acquired on real products. This quest makes it easier for people to continuously involve in crypto crimes.

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