BTC THEFT AN ITCH THAT REFUSES TO GO

The rate of Bitcoin theft in recent times has been alarming to say the least, enthusiastic investors have been ripped off their hard earned money even before they kicked off for their gains, and the on-line universe is taking note of it as more and more people continue to label the cryptoworld as a haven for thieves and hackers of all forms and kind, from mining scams to virus and bugs they are beginning to feel that the cryptoworld is a bad place to do business and see the digital currency as an outlaw.
For us who have embraced it, BTC theft is like an itch that would not stop; giving us a bad reputation and sometimes causing us losses to our digital investments, even the wonderful developers of this idea are still coming to grips with it looking for ways to improve the features of their e-currencies.

CLOUD MINING: HASH OCEAN SCAMS

Since the invention of Bitcoins by Satoshi, cryptocoins have become a means of income generation from miners to traders and even online consumers all over the world, the seamless advantages of secure and fast trasactions time including low fee charges have seen the rise of cryptocurrencies in the online market.
Despite these advantages, the nature of these coins and the lure to own them have not stopped Online Scammers from preying on innocent online citizens who see cryptocoins as a source of income as well.
There are two major ways by  which these scammers devise their plot; the first is by HYIP schemes and the second is by Cloud mining Schemes, there have also been cases of exchange sites scamming their trades, and stealing their hard earned money.

CRYPTOCOIN NEWS ROUND UP

BTC NOW AT $650
The current Bitcoin price still remains around the $600 range as it closed at $650 yesterday, while ETH closed at $13.9. The rise in value of the bitcoin may be as a result of speculation that the bitcoin could gain more value  after an investment firm led by two former JPMorgan traders published a note speculating that the EU referendum in the UK could lead to the ultimate decline of the euro, thus boosting the value of the digital currency. Observers believe the non-governmental digital currency showcased its advantages as a hedge in times of uncertainty in more traditional markets, after it rose from a $550 slump when the EU referendum was signed by Britain...

XEM on the Rise as DAO falls despite Soft Fork News

A look at the potential healthy coins for today sees New Economy Movement (XEM) second in trade volume rankings at poloniex, with a percentage increase of %60.63, the coin has been doing well on the trading platform for about two weeks now and looks set to stay at it current high at least till the end of June.
Despite the news of a soft fork for DAO it has crashed from second spot to 5th after a drop in trade volume, according to Cointelegraph the rise of XEM may be attributed to the undisclosed amount of funds received from a high profile group in Japan, the funds are meant to continue the development of the coin as a brand for Secure and fast transactions, the developer is aiming to get users to test their prototype system in order to see how good it can be. The developer also mentioned other projects that are being implemented by XEM including PhotoMead which has already been announced. It is a project similar to Instagram, but with the ability to buy and sell images. Aimed at bringing together both professional photographers and social photo sharing.
 Other Coins that look good at Poloniex include:
NXT, Gamecredits and Nautilus Coin.....


News Source: Poloniex.com, Steemit.com,  coindesk.com and cointelegraph.com,

CRYPTOTRADE TERMS

MARKET CAP: This is the market value of the coin, it is the number of shares remaining (available supply) multiplied by the current price.

TOTAL SUPPLY: This is the amount of coins already in supply, if this is more than the available supply there is a tendency for the market value of the coin to increase.

TRADE VOLUME: This is the total quantity of coins bought and sold during a trading day, it indicates the coin’s popularity and acceptance in the market.

PRICE CHANGE: this is the percentage change in price of a coin within a period.

CRYPTOTRADING

Cryptocoins can be traded and are largely traded in popular exchange sites, like Kraken, Poloniex, Brexit, etc. Unlike normal currencies which can be produced to infinite quantity. Cryptocoins have a predetermined amount and this depreciates over time as the coin is used. cryptocoins are treated just like precious metals although their value still depends largely on demand and supply just like normal currencies, so despite the potentials of a coin to increase in value there are still risks involved.
Currency trade involves one major factor and that is value, a coin may have low market value today and thus low price, but tomorrow it becomes a different ball game as that same coin becomes a highly valued coin. it is thesame with normal currencies, the trick in currency trading is to by a low valued currency and sell it at a higher market value. Unfortunately not all cryptocurrencies with low value are profitable or has the potential to increase in value, it is thus very important to consider the following before even attempting to trade cryptocoins.

CRYPTOCURRENCY

A cryptocurrency is a digital or virtual currency that uses cryptography for security.

It is a form of electronic currency, that uses mathematical algorithms to secure transactions.
these algorithms can only be solved by a group of people called miners who specialise in decoding
these transactions for a fee they solve the algorithms by using computers