cryptonews17

 Over the past year, the cryptocurrency market took a series of heavy punches from the Chinese government. The market took the hits like a warrior, but the combos have taken its toll in many cryptocurrency investors. The market lackluster performance in 2018 pales in comparison to its stellar thousand-percent gains in 2017. What has happened? Since 2013, the Chinese government have taken measures to regulate cryptocurrency, but nothing compared to what was enforced in 2017. (Check out this article for a detailed analysis of the official notice issued by the Chinese government) 2017 was a banner year for the cryptocurrency market with all the attention and growth it has achieved. The extreme price volatility forced the Central bank to adopt more extreme measures, including the ban of initial coin offerings (ICOs) and clampdowns on domestic cryptocurrency exchanges. Soon after, mining factories in China were forced to close down, citing excessive electricity consumption. Many exchang...

 Over the past few years, cryptocurrency has been a hot topic across the globe. Most people are now familiar with cryptocurrency, especially Bitcoin. As a matter of fact, Bitcoin is on top of the list of cryptocurrencies. If you have no idea why the cryptocurrency is rising in popularity worldwide, you are on the right page. In this article, we are going to discuss 5 reasons why this new type of currency is so popular. Read on to find out more. 1. Low transaction fees The low transaction fee is one of the primary reasons why cryptocurrency has been rising in value over the past few years. No matter what type of conventional payment method you go for, you will have to pay a hefty transaction fee. On the other hand, if you go for cryptocurrency for making payments, you will have to pay minimum transaction fees. Therefore, it makes sense to use this new form of currency for making payments online for your desired products and services. 2. No government regulation Another solid reason ...

 In the wake of China's ICO ban, what befalls the world of cryptocurrencies? The biggest event in the cryptocurrency world recently was the declaration of the Chinese authorities to shut down the exchanges on which cryptocurrencies are traded. As a result, BTCChina, one of the largest bitcoin exchanges in China, said that it would be ceasing trading activities by the end of September. This news catalyzed a sharp sell-off that left bitcoin (and other currencies such as Etherium) plummeting approximately 30% below the record highs that were reached earlier this month. So, the cryptocurrency rollercoaster continues. With bitcoin having increases that surpass quadrupled values ​​from December 2016 to September 2017, some analysts predict that it can cryptocurrencies can recover from the recent falls. Josh Mahoney, a market analyst at IG comments that cryptocurrencies' "past experience tells us that [they] will likely brush these latest challenges aside." However, these se...

 For you to be in a position to make your own cryptocurrency, here are some of the things for you to follow. Build A Blockchain The first step towards creating the best cryptocurrency is building a blockchain. Blockchain technology is the background and of every cryptocurrency that you see in the world today. A blockchain has contained the details of each cryptocurrency. It is a ledger that shows the background of every cryptocurrency that you have. It also shows more details of who owned the cryptocurrency coins previously before you. The best cryptocurrencies have a very effective blockchain technology. Code All the software's that you see on the internet are made out of a code. This is the same case with cryptocurrency. Fortunately, a majority of the cryptocurrency is made using the same code. Mainly, cryptocurrencies are made using the C++ code. You can source all the codes you need from GitHub and use them to make your cryptocurrency. However, the code will vary from your spec...