Cryptocurrency News and Market Reports

Many financial market pundits, especially those of the conservative variety, have been licking their chops as they bring their special brand of “I told you so”s to bear upon the last 10 months of decline in Bitcoin’s trading value, especially after this past weekend.

On July 24, 2014, member BitcoinEXpress (“BCX”) replied to a thread on the bitcoin-focused forum indicating that in under two hours he had discovered and gained possession of an exploit in the codebase of Monero (XMR). He gave no indication that he intended to use the exploit to attack the coin until other forum members started to confront him as to the veracity of the claim. Don’t worry, it gets MUCH stranger...

The allure of a quick buck is difficult to resist which is why many traders are drawn to the high volatility and large potential returns of cryptocurrency “altcoin” trading, but there are some things one should keep in mind when looking to play in those markets. FYI, altcoins are decentralized digital currencies like bitcoin that are secured by cryptography.