Microsoft Bing Browser Bans Crypto Advertising, Causing Minimal Impact on Industry

There are many technology companies that do not allow cryptocurrency ads. Some technical giants have also banned these kinds of advertisements such as Google. Facebook also disallowed all ads related to digital money. Now Microsoft is also taking down all cryptocurrency ads from its search engine “Bing”.

Bing has Banned Cryptocurrency Ads

Another big company decided to shut down the cryptocurrency ads. Yes! Microsoft recently cracked down on cryptocurrency ads. The latest cryptocurrency news states that from July 2018, all cryptocurrency ads will be banned from Microsoft’s search engine Bing. This decision is practical for anything related to cryptocurrency, crypto companies, unregulated options, and initial coin offerings.

There is a serious requirement for the cryptocurrency regulations. The absences of cryptocurrency regulations are posing serious challenges. According to Investing.com, Microsoft shuts down the cryptocurrency ads because these unregulated products were creating risk for the users of the search engine. The cryptocurrency-related scams are increasing day by day. These scams are getting into action due to paid advertisements on search engines.

Microsoft also joined the list of some other big companies that banned cryptocurrency advertisements. So, this move is not very shocking as already some tech giants have cracked down on cryptocurrency ads. There is a hype related to Bitcoin and altcoins nowadays. Evil plans are launched by criminals by taking advantage of this scenario. It is not easy to prevent these scams. Hence, the better way to handle the situation is to ban these ads. This step will have a very little effect on the cryptocurrency industry.

The Major Reason for the Price Dip

Media is blaming the decision of Microsoft for the recent cryptocurrency dip. But according to many other sources, this is not a valid cause. Taking down the ads f cryptocurrency from Bing has not caused a sell-off in the world of Bitcoin and Altcoins. The digital market is not affected by this as in the past these decisions have already taken place by Google, Facebook, and some others.

The truth is that the market of cryptocurrency is very volatile. Since the start of this year, a negative pressure on the industry of digital money is growing. It looks like the pressure on the crypto market is not decreasing, although it’s not impossible to know the actual reason behind this. For the coming few days’ dips will be bought and this cycle will be repeated. In spite of all this negative pressure, the crypto experts still believe that the positive trends are expected soon.

The question is that whether Bitcoin will hit $50,000 this year or not? Although it does not seem like Bitcoin will be able to hit this rate but anything can happen in cryptocurrency market. People keep on checking that how their coins are doing in the market. Now, crypto portfolio tracker has made the work easier for them. With the help of this app, they can track their crypto portfolio anytime.

This volatility will remain in the field of cryptocurrency unless the proper regulations are set. Many counties are working on generating a set of regulations but it’s not an easy process.

5 Reasons Why You Should Not Mine Cryptocurrency

The crypto-sphere is increasing on a day-to-day basis, with new developments and technologies being brought into the market. As interpreted from crypto latest news, many major investors and entrepreneurs have begun shifting more towards cryptocurrency adoption and digitizing their payment systems.

That being said, at present, mining cryptocurrency has become a highly accepted task for individuals. However, crypto mining is not as rewarding as it seems and given the dive several major cryptocurrencies have experienced in the market in the past few months, crypto users are better off trading digital currencies than buying them.

Here, we have outlined 5 reasons why you should not consider mining cryptocurrency. Give it a good read and you might understand why it is not the right time for mining.

Unstable Value

Cryptocurrencies are known for their high volatility rate, meaning that their price is repeatedly fluctuating and can drop at any time. Unlike fiat currency, digital currencies are highly sensitive so, if there is a technical issue in any exchange or a country expresses distrust towards a cryptocurrency, the coin is bound to experience a dip.

For instance, according to Btc news, due to the increase in number of security breaches in exchanges and cryptocurrency regulations, many of the top cryptocurrencies, including bitcoin have experienced a decline in their value.

High start-up cost

The initial startup cost will always be extremely high because you are going to be making major purchases such as the mining hardware, warehouse and cooling equipment along with utility bills. If your aim is to mine efficiently, then you must be able to get your hands on all the above-mentioned items. So, if you are on a tight budget then mining is not going to be your forte.

Fraudulent organizers

One method that newbie and enthusiastic miners opt for is joining mining groups where they share the hardware and electricity cost and then split the rewards amongst all members in the group. Though this method is a cost-efficient option for beginner miners but it is also an extremely risky one because the crypto-verse is filled with fraudulent organizers looking to steal earnings of other miners. Once you enter a group of deceitful members, you place your earnings at a high risk and might never get them back. Hence, unless you are completely sure your group is safe, do not start mining.

Less possibility of profit

Mining is not a cheap task; you have got electricity bills to cover and mining equipment to look after. So, when you do manage to make a decent amount from mining, majority of it would be used to pay off the large electricity charges, rent or maintenance bills accumulated during your mining venture.

Mining competition

There was a point when cryptocurrencies could be easily mined using your personal computers but then as difficulty to solve the next block increased, miners soon shifted to Graphical Processing Units (GPUs) that were able to provide more hashing power as compared to regular PCs. As the demand for cryptocurrency has increased substantially, the difficulty to mine a coin has increased as well which means, more miners are competing against one another to solve a block and earn the rewards.

Currently, efficient cryptocurrency mining can only be done using ASIC mining chips since they are specifically designed to perform the task while consuming less electricity. While you can still mine using PCs, you are just not likely to gain any profit.

Considering all the above points, if you are feeling even a little bit skeptical towards the task at hand then this is not the right field for you. There are expenses to take care of and risks to dodge which require a lot of money, time and strategy. Even when you are doing everything right, the chances of you making any profit is very less. Therefore, we recommend that you stick with trading till the crypto market has settled down.

Can Stellar's Lumens Be the Next Crypto Giant?

The competition within the cryptocurrency market is dramatically increasing as more and more digital currencies are being introduced into the crypto verse. If you are well-posted with cryptocurrency news then you must be aware that there are over 1500 cryptocurrencies striving for a generous market capitalization. In addition, every month new ICOs are being legitimized as individual cryptocurrencies. In these situations, each coin has to represent some unique or distinct attributes that gives it the ability to stand out in a crowd and earn a decent price in the crypto market. One such coin is Stellar Lumens.

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What Is Stellar Lumens?

Launched into the market in 2014, Stellar is an open-source blockchain platform that allows us to make reliable and immediate transactions. The sole purpose behind its existence is to provide a smooth gateway for exchanging currency. This is possible thanks to the Stellar network, which consists of various servers across the world that power its ledger. Transactions are recorded in this ledger to provide transparency. On the side, the servers correlate information between themselves in order to sync the ledger and validate every transaction on the network.

Due to its efficient global network and cross-border payments that are not only incredibly cheap but quick as well, Stellar’s native coin Lumens (XLM) are gaining immense popularity. Basically, you are paying no more than a fraction of a cent to send money to anyone across the border in another currency.

While its effective transaction service is adequate to earn Stellar Lumens a praiseworthy spot on CoinMarketCap, the cryptocurrency has backed up its position by partnering with a few major companies like KickEx and IBM who have handsomely contributed to Stellar’s cross-border payment system. Likewise, Stellar has 37 other partners worldwide, from North America, Asia-Pacific, Africa, Europe and the Persian Gulf. This has led the cryptocurrency to receive immense exposure further resulting in more popularity and circulation.

The digital currency had experienced substantial increase i.e. 65% towards the end of 2017, which placed it in the list of top ten cryptocurrencies. 

Current Scenario of Stellar Lumens

At the moment, Stellar Lumens is standing strong at the seventh position on CoinMarketCap.com with a market cap of over $5 billion. As of now, March 14, XLM is valued at $0.274532. Since crypto prices are very high for Bitcoin and other altcoins, those interested in cryptocurrencies are having major fear of missing out for not investing at an earlier stage when they were affordable. This is a very enticing price for entry-level cryptocurrency users and early stage startups looking to make investments in the cryptocurrency industry.

In spite of the highly volatile nature of the cryptocurrency market, the above-mentioned highlights and benefits offered by Stellar Lumens are enough for it to stand solid at its position in the market and progress even higher. If this virtual currency continues with the same pattern in 2018 then the idea of becoming the next “Crypto-giant” won’t seem so far-fetched after all.

Ether vs. Ethereum: The Main Difference Between Them

In the booming field of nascent technologies such as cryptocurrency, there are a lot of misconceptions surrounding the terminologies being used. L.M. Montgomery once said,

“It is dreadful what little things lead people to misunderstand each other.”

One such misunderstanding lies between Ether and Ethereum. So, in order to dispel the myths and misconceptions surrounding these two, we have written a detailed blog post that clarifies everything.

Understanding Hard Forks in Cryptocurrency

Cryptocurrency is decentralized digital money created with the help of encryption softwares.  It provides anonymous and secure transactions. However, the untamed fluctuations in the price of cryptocurrency are related to the occurrence of a fork.