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Many people ask that what actually is bitcoin, an investment or a dot com bubble? Many of us may not have forgotten the dotcom bubble which took place in the 2000.

What is the Dotcom Bubble?

The dot com bubble also known as the dot-com bust was a period that occurred from 1997 to 2001. It was in fact an era when the use of Internet fastly grew in terms of various businesses. At that time a lot of internet-based business companies were founded. Such companies were commonly referred to as dot-coms. Unfortunately, a great number of such companies failed with a total loss of all their assets e.g.; companies like Pets.com and Webvan, were a complete failure facing an ultimate shut down. Some stronger companies had to face a decline in their stocks such as Cisco and Qualcomm. These companies lost a large portion of their market share but somehow survived. Even some companies such as eBay and Amazon.com recovered and later on surpassed their lost stock level.

dot com bubble

Future of Bitcoin according to Morgan Stanley

Morgan Stanley is a famous financial firm providing investment banking, wealth management services and securities etc. Recently the performance graph of Bitcoin was strongly criticized by the senior members of Morgan Stanley, some of them even compared it to the dot-com era.

Sheena Shah, a market strategist from Morgan Stanley presented a research report and, in that report, she showed a lot of disappointment with regard to the future of bitcoin. According to Sheena Shah, there are a number of similarities between the tech-laden dot-com era and the rise in price ratio of Bitcoin. Even an accurate comparison was made with that of Nasdaq which took place in 2000.

Sheena Shah stated that the Bitcoin price weakness had a great resemblance with the Nasdaq in 2000.

Basis of Morgan Stanley’s analysis

The bearish market trends faced by bitcoins during the past few years are the basis of the above-mentioned strategy. Bitcoin has faced four major bearish markets since its debut in 2009. Each of these bearish market trends lasted for an average of five months. During those periods the price of bitcoin dropped from 30% to 90%. All that period was like a worst nightmare for the investors.

Even the worst downfall was of 70% at the end of 2017. According to some analysts, the current bearish market trend could proceed further. No doubt, it will be an alarming situation for the investors of bitcoin and all the the other major forms of cryptocurrency.

Sheena Shah also showed her concern about the trading volume of bitcoins which had a great similarity with that of the Nasdaq.

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What is in the Argument submitted by US Government in ICO Fraud Case?

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U.S. prosecutors have finally planned to submit their argument in an ICO Fraud. In fact it will prove to be an oversized argument. As we all know that Initial Coin Offering (ICO) refers to someone offering the crypto investors some new cryptocurrency units  or crypto-token in exchange against cryptocurrencies like Bitcoin or Ethereum.

ico fraud

Background of that argument

Maksim Zaslavskiy is by birth United States citizen living in Brooklyn, NY. He is the founder of REcoin and Diamond Reserve Club. REcoin was designed in the form of an innovative token system where brokers, tenants and purchasers etc could purchase REcoin tokens to make easy a variety of real estate transactions. It was claimed that it will also allow users to enter into smart contracts – with the passage of time it all proved to be an illusion.

In Sept. 29, 2017 — the Securities and Exchange Commission (SEC) accused him with a fraud case investors in an initial coin offerings (ICOs).This fraud had a further links to investments in real estate and diamond industry. Maksim Zaslavskiy  was being alleged that the digital tokens offered by him did not really exist.

That’s why In September 2017, the U.S. Securities and Exchange Commission (SEC) filed a suit against Maksim Zaslavskiy , and he was arrested and charged by the Department of Justice (DOJ) in November 2017. As the SEC suit stayed pending due to an outcome of that action, Maksim Zaslavskiy easily pled not guilty to the allegations filed against him. Now, it is in the news that Maksim Zaslavskiy is trying his best to dismiss the lawsuit against him. Maksim Zaslavskiy’s point of view is that tokens sold through an ICO are technically not considered as securities.

What is the statement of SEC?

The statement of SEC goes totally against Maksim Zaslavskiy. That’s the reason why the case of Maksim Zaslavskiy has set the stage for a U.S. federal court that whether token sales can be considered as securities or not.

Furthermore, the Department of Justice is going to submit a reminder that is expected to prove false the claim filed by Maksim Zaslavskiy. It is also in the news that this filing is expected to exceed the maximum size allowed by the court for such arguments, hence a request will also be submitted to grant an exception in that specific case. Though no further details on this topic are to be found elsewhere, however, it is being assumed that the filing in question will be an extraordinary one.

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New Method makes me $140 USD in BITCOIN in two minutes at BURSTCASINO.com

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What is a Hardware Wallet? (or How to Make Your Cold Storage Hot)

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What Are Some Easiest Ways to Earn Bitcoin

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Easiest Ways to Earn Bitcoin

Bitcoin is the most popular form of digital currency. The use of bitcoin is increasing each day, and it’s becoming progressively hard to earn them. If you are one of the people who are keen on starting a venture in the world of Bitcoin, and looking for ways to generate your own coins, here are some killer tips that will help you learn how to earn Bitcoin – the most valuable cryptocurrency out there.

The Killer Ways to Earn Bitcoin – Accept It as A Form of Payment:

One of the easiest ways to earn bitcoins. If you own a large corporation, run a small business, are a shopkeeper or just provide your services online, start accepting bitcoins in payments.

To accept bitcoins payment, you will need to follow a few steps. The steps include:

Get a Wallet:

To switch to bitcoin payments, you will need a bitcoin wallet. It’s a virtual wallet which is used to store Bitcoin.

Display “Bitcoin is Accepted Here” Logo:

Once you have the wallet, display the logo that says “Bitcoin is accepted here”. This will help your clients realize that you accept Bitcoin payments.

Check out our guide on how to accept Bitcoin payments here.

Earn by Completing Specific Tasks on Websites:

There are several websites that offer bitcoins for completing certain tasks. Some even offer bitcoins just for visiting their home page. The concept is similar to the good old free TV. You watch numerous ads, and in between these ads, you get to see something that grabs your intention, like a funny clip or a song.

Earn Through Mining:

One of the easiest ways to get bitcoins. In Bitcoin mining, the miners from all across the world connect with each other through mining computers and the internet to form groups. These groups are then given certain problems to solve. Those who successfully solve these problems are rewarded with bitcoins.

To do the mining, you will need a powerful computer, fast internet and electricity to keep the computer running 24/7.

Earn Bitcoins Through Tips:

Accepting bitcoin through tips is similar to accepting bitcoin as payment. You will need a wallet, QR code with bitcoin wallet address on it and people who can potentially give tips in bitcoins.

Here are some ways through which you can get in touch with people who deal in bitcoins:

  • If you have a shop, simply display the QR code and keep an eye on what’s coming in.
  • If you don’t own a shop, no worries. You can also accept tips through blog posts. Simply put your QR code somewhere where the users can easily see it and then decide how they want to tip you.
  • Another cool way for getting online tips is Bitfortip. The service directs you to people who are willing to give away bitcoin tips

Conclusion:

These are some easiest ways to earn bitcoins. Putting it in a nutshell, you can earn Bitcoin by accepting it in the form of payment, writing online blogs, visiting different websites and completing specific tasks, and via tips.

Good luck with your venture.

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Longfin Stock Value Drops Below 30% After SEC Announces Investigation

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After the US SEC (Securities and Exchanges Commission) announced that it’s starting an investigation, the stock value of Longfin (fintech firm) has dropped below 30%.

According to a report, on 2nd April, Longfin divulged the investigation in a public 10-K filing to the Securities and Exchanges Commission. Longfin is among the NASDAQ-listed fintech companies and its market cap shot-up above 1,000 percent in last December, within only 2-days.

finetech companies

Investigation By SEC

On 5th March, Longfin was informed by the Division of Enforcement of SEC that they will be investigating transactions in the company’s shares and also demanded the documents related to its IPO and acquisition of Ziddu.com. Ziddu.com is a firm that focuses on smart contracts and micro-lending via blockchain technology.

In the 10-K filing, Longfin showed that its aim is to cooperate with the SEC investigations. The document says:

“We are in the process of responding to this document request and will cooperate with the SEC in connection with its investigation. While the SEC is trying to determine whether there have been any violations of the federal securities laws, the investigation does not mean that the SEC has concluded that anyone has violated the law.”

What does Venkat Meenavalli have to say about it?

CEO of Longfin, Venkat Meenavalli also acknowledged this gigantic spike in stock value last December, as he stated:

“This market cap is not justified. I valued my IPO pricing at $5.” He also added:

“We are a profitable company… We have nothing to do with this euphoric mania.”

The stock value plunged really quick after an adverse tweet was posted by a well-known short-seller, Andrew Left’s Citron Research and news that the FTSE Russell was considering to eradicate Longfin from its benchmark Russell indexes due to inadequate free-floating shares.

As for the negative view of Citron, Meenavalli said:

“We are going to take legal action after we file the 10-K” and added, “The company is a profitable company, making revenue.”

Also, at the beginning of this year, the SEC reported that it’s going to start an investigation on companies that are using public enthusiasm and blockchain technology to deploy their stock prices.

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