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1 In 3 Germans See Cryptocurrencies As Solid Investment Opportunities, Report Says

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According to a recent report by the German retail bank Postbank, 29% of Germans think that cryptocurrency is a desirable investment opportunity.

The results were collected in the Postbank Digital Study 2018 after more than 3,100 Germans were interviewed from the end of February to the end of March his year. The younger generation was more optimistic when it comes to cryptocurrencies. Nearly half of the people aged from 18 to 34 (46%) have said that they are interested in cryptocurrency investments. Even 14% of them want to buy or mine cryptocurrencies in the next year.

Even though the results are quite optimistic, we must face the fact that this demographic only makes 8% of the total population. According to Dr. Thomas Mangel who is the Chief Digital Officer at Postbank, youngsters should not concentrate solely on cryptocurrencies as they are a “type of investment that is highly speculative.”

Aside from age, the study also focused on gender – observing three different factors.

  1. 60% of women said that they consider the “independence of established financial systems” as more important than 51% of men
  2. 56% men expect higher returns from cryptocurrency investment as compared to 36% women
  3. 39% of men are in favor of the anonymity provided by digital currencies – while only 26% of women think this is important

Also, we must accept the fact that the survey was conducted when Bitcoin and other cryptocurrencies were experiencing a major downfall – which is why the results in favor of the cryptocurrencies are a surprise to the bank.

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DC Forecasts is a leader in many crypto news categories, striving for the highest journalistic standards and abiding by a strict set of editorial policies. If you are interested to offer your expertise or contribute to our news website, feel free to contact us at editor@dcforecasts.com

Stefanie has been a Bitcoin Specialist for 5 years. Providing daily news and updates for DC Forecasts.

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ICON’s $800 Million Token Swap To Take Place Today

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The ICON token swap, which is scheduled for today (June 20th) is in full preparation. This Wednesday, we will see many investors swapping out their existing Ethereum-based ICX tokens (used for fundraising) for the ICON live version coins. This will allow an exchange of all the existing tokens in an elaborate code migration.

ICON has been launched in 2017 as a cryptocurrency and blockchain that wants to connect independent communities, each with their own governance proposals to a governing blockchain based on a protocol known as loopchain.

Meanwhile, last September ICON sold more than 50% of its ICX token supply, raising more than 150,000 ETH which are now worth around $42,750,000. The project launched in January this year, and already has a collective market cap of about $800 million.

ICON’s swap will be implemented in an exchange rate of 1:1 (Ethereum:ICX) via the ICONex wallet from June to September 25th and through other supporting exchanges. Users will be able to transfer their tokens to Binance and Upbit as well, and through Bithumb until Thursday. However, it is still not confirmed if the Bithumb support will be given, especially after the recent Bithumb hack which saw the exchange losing more than $30 million.

Unlike other projects (such as EOS) the ICON token swap will be opted to conduct after its mainnet launch.

 

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EOS Mainnet Freezes Seven Accounts After Being Hit By A Bug

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The altcoin blockchain named EOS was recently hit by a bug which prevented transactions two days after it went live. The result of this is seven EOS accounts being frozen and subject to a phishing scam, as the blog on the site EOS42 on Steemit recently reported.

The developers initially found the bug and saw that it paused the mainnet unexpectedly on June 16th, noting on the Telegram channel that Block.on, the EOS creator, was working on a software patch.

The block producers held a conference call discussing the problem after which they disabled the nodes and backed up data to protect the network’s history from losing. They also updated the users about the problem and the fact that the bug is being fixed – over a conference call which supports the people who said that EOS was not sufficiently decentralized.

One Cornell professor and a blockchain researcher named Emin Gun Sirer tweeted that EOS would create a major hack in the next calendar year. The EOS mainnet launched last week after raising more than $4 billion in crowd safe.

A blog on a website named EOS Emergency offered a process in which stakeholders can confirm whether the EOS private key was compromised. It also states that the stakeholders can provide confirmation they are the proper owners of the EOS account – giving a consent to unfreeze it.

Liam Wu, which is the head of community for China and South America at EOS42, began responding to reports from people who found their private keys were invalid and did not match their assigned addresses.

 

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TRON Price Surges Following BitTorrent Acquisition

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The TRON price is in the news lately for surging more than 17% this Tuesday. According to reports, the founder of the cryptocurrency Justin Sun is now in the final stages of closing a deal that will make the protocol developer BitTorrent part of the flagship cryptocurrency.

The rumors have been circulating for weeks, and today we had the official confirmation for this. According to TechCrunch, Sun and TRON have agreed to acquire BitTorrent for $140 million and the approval documents have already been distributed to shareholders.

Still, there is no public confirmation on how Sun and TRON plan to use BitTorrent, which currently claims to have more than 170 million users. However, the logical thought is that the network will leverage peer-to-peer file distribution architecture in an attempt to build its “Web 4.0” platform.

Meanwhile, the TRON price has rallied more than 17% despite the fact that the negotiations had more or less become public knowledge. Currently, TRON is valued at $0.05 up from $0.042 yesterday. The cryptocurrency has a market cap of $3.3 billion which enables it to secure the 10th spot in the market cap rankings.

TRON is also in the process of migrating its TRX token to an independent blockchain. The migration began last month with the release of the TRON mainnet beta software and is expected to be completed by the end of June.

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Binance Implements New Features To Help Improve User Experience

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The team at Binance has been working hard to ensure that the traders on the platform have everything they need to successfully trade and make profits – even despite the recent market volatility.

A great proof for this are the new features implemented by Binance. Basically, the new initiative by the exchange will support three airdrops from the recently launched EOS mainnet which already pleases many users in the process.

Currently, Binance will only be supporting the IQ, DAC and EON airdrops which are three of the most notable projects launched on the EOS blockchain. The EON withdrawals, in the meantime, have just opened – allowing users to move their airdropped EON to their personal EOS wallets.

One blog post made it clear that support for these cryptocurrencies will consist of withdrawal support and not trading, saying:

“For trading and listing of these airdropped tokens on Binance, each project will go through the same strict listing review process as Binance does for any other coin/token. The default position we have is no listing.”

Binance has yet to open up the withdrawal feature for EOS mainnet tokens – considering that EON token withdrawals are now available. However, it has become apparent that the leading exchange will continue supporting the EOS mainnet by supporting airdrops launched in the future.

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