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Japan Was Briefly The Largest Bitcoin Exchange Market



According to the Cointelegraph, the Bitcoin Exchange Market in Japan surpassed the US and became the world’s largest exchange market.

Japan officially takes over U.S. and China to become the world’s largest #bitcoinexchange market once again. Also, BTC is still above $3200

— Joseph Young (@iamjosephyoung) August 7, 2017

Japan had a taste…

Their victory, however, didn’t last long, since Japan was only able to briefly hold its trading volume for a couple of days until China and the US took the spotlight once again as the two largest exchange markets in the world.

There was even some concern about utilizing Japan’s trading volume to measure the growth of its Bitcoin market.

Bitcoin users explained ha the Japanese Bitcoin exchange market’s trading volumes are bloated and manufactured due to its zero fee trading system.

Midori Kanemitsu, BitFlyer CFO, commented on the Japanese trading volumes and its legitimacy:

“The Japanese Bitcoin market is so extremely competitive that almost all the exchanges charge no fees, and the competition is going into negative fees. There have also been good in-flows from the recent volatility, including ‘Brexit,’ where JPY was bought and BTC outperformed JPY.”

Japan’s Bitcoin has always relied on the zero fee system, even at their initial launch. It’s been a good decision so far, since Japan has become one of the most important players in the cryptocurrency community. There has also been many comparisons with China, this is because of the prohibition of zero fee trading by the Chinese government, which then leads us to think about the market if China were to allow zero fee trading system, although maybe it’s better he way it is.




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Bitcoin: $50K Before Crash, Says Jordan Belfort




Jordan Belfort, or “Wolf of Wall Street” has shown some doubt concerning Bitcoin’s price.

Belfort’s Opinion


Belfort said that he does not believe that Bitcoin is a scam, however he thinks that the cryptocurrency is a good tool for manipulation.

He believes that the rising price of BTC can be attributed to wild speculation because of what he sees as improper use of the cryptocurrency:

“Something [BTC] was designed to be used as a currency, and it’s being used as an investment vehicle […] As a currency, Bitcoin is no more useful at $20,000 or $100.”

“The Wolf” has spoken negatively about the potential for manipulating digital currency markets due to the thinness of the market. He referred to the case of Olaf Carlson-Wee, an early Bitcoin enthusiast who was paid in cryptocurrency when working at Coinbase back in 2013.

Belfort’s predictions rest on the fact that while Bitcoin is, in his words, a “wolf in sheep’s clothing,”  it also “might go to $50,000” before what he is certain will be its fall to $0.

He previously said that Bitcoin was problematic due to hackers having easy access to the currency. He also said in October that ICOs were the “biggest scams ever.”

Belfort is not a Bitcoin investor.

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Bitcoin Google Searches are Low




One of DataTrek Research’s finest Nicholas Colas, has been talking about the fact that Google searches for Bitcoin have significantly dropped recently.

Google Search

“Going into December, the Google searches skyrocket. You saw that correlate to the total increased number of wallet growth,” Colas said in an interview/conversation with the CNBC.

But, as the cryptocurrency community has seen a bearish short term downtrend, interest in the crypto has apparently started to cool off in the mainstream world.

“Bitcoin” searches are down by 75 percent from their comfortable spot just a few weeks ago, per Colas. And he doesn’t seem to be waiting for any signs of a resurgence of interest any time soon, as he states:

“It’s very much a case where you have to hold interest in new bitcoin owners to get bitcoin to go up. Right now [Google] is telling me there’s not really that next leg up in bitcoin because there’s not that leg up in interest that leads to wallet growth that leads to price appreciation.”

Maybe it’s not such bad news for the famous cryptocurrency, however it does indicate that its mainstream presence has gone quite a bit, since any newcomer would be tempted to see, “what is Bitcoin?”. But since there are no many searches it’s safe to say that interest is not as strong as it once was, at least for now

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McAfee on His Influence in the Crypto Community




John McAfee has won a good reputation for himself in the digital currencies community with his programming and security background and his fascination towards technology.

The Future with Cryptocurrencies

Crypto Daria: You’ve got 700,000 followers on Twitter. Do you realize how big of an influence you have in the crypto market and do you think it’s positive?

John McAfee: Of course! I mean for the cryptocurrency community that’s a fairly large number of followers. But it’s not just that. I also speak at all the major conferences, I’m close friends with Jihan Wu of BITMAIN – the main manufacturer of, virtually, all the Bitcoin miners, Roger Ver, for instance, or Brock Pierce is my party animal that I party with. I have as much influence in that arena as I do with my followers. In fact, even more. To sit down with Roger Ver and Jihan Wu and talk about Bitcoin Cash – I think vastly is much more influential than tweeting to 700,000 people.

He has also remained confident in the fact that cryptocurrencies will help make a better future.

CD: Do you evaluate coins differently with time?

JM: Yes, of course. Everybody makes mistakes, you know. In the beginning, they said that’s a great idea and then they don’t pull this through.

CD: Has anyone ever tried to pay you for mentioning their project and if yes, what were the projects?

JM: I would say definitely they tried to pay me. I’m not going to talk about my personal finances where I make my money or from who. I set up on stage as it’s my business and it should be everybody’s business. And actually, I think it’s rude to even ask such questions of people. No offense.

McAfee also shared his view on the ever changing facts of cryptocurrencies, as he believes there is no good advice, and that people should be focusing on cryptos more as a rising technology more than just mere money.

CD: What’s your number one piece of advice for the crypto investors?

JM: There is none. Because whatever I recommend today will change tomorrow. There’ll be something that comes and replaces it. I believe that the future of cryptocurrency is in the new emerging coins technologies and creative ideas that are coming out to through the ICOs. And everybody’s overlooking this. People seem to be only concerned with making money – “Is Bitcoin going to rise or fall?” “Is Ethereum going to rise or fall?” “Is there going to be another fork in Bitcoin?”,”What’s that gonna be?” “Is it Bitcoin or a Bitcoin Cash?” Screw that, this has nothing to do with these things. It has to do with what’s coming behind us, what’s emerging from the ground and what is going to change our future. We’re forgetting that these are real, life-changing, culture-changing events, attitudes, products, creations. And we have got to watch them. If not – we’re gonna miss out on something and the good stuff is gonna get swamped and drowned in the garbage. That is the overall sea of ICOs. We already know, what Bitcoin is, we know what Ethereum is. Fine, do what you want with it. Start digging into the new technologies in there. There’s going to be a Henry Ford, there’s gonna be the concept equivalent to the railroad, there’s going to be something that will change our lives in such a beautiful way, that if we miss it, we will regret it for a lifetime.

For more information on this interview click here

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