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We at Extra Credit are the first company to start empowering people to learn about cryptocurrencies. It is a twofold effort with Bitcoin Homework, the new venture combines blockchain technology with educational programs designed to teach people about cryptocurrencies, even as they share in the digital payment for perhaps the first time. Find out more | The Bitcoin price certainly perked up last week, bringing the downward slide to an abrupt end. On Friday, in the space of a few minutes, it jumped around 20% from $6,779 to $8,078. Over the next few days it wobbled around, up and down, reaching a high of $8,430 on Sunday before falling back a smidgeon this morning. At the time of the writing, the Bitcoin price is $7,949. Here’s the chart for the last week: 
As always when there is a big price change people want to know why. An article on Forbes puts it down to bearish factors which had been holding down the price weakening. Read the article here ADVFN’s Cryptocurrency page gives you prices for Bitcoin and altcoins | 
The Deal Coin - Pre-Sale Now Open Our aim is to become the platform of choice for millions of investors looking for a better deal and connecting them with businesses wanting quicker and fairer access to finance, regardless of location in the world. OVER 30% RAISED IN THE FIRST WEEK:15% Bonus only available during week 2 Buy Now | Bitcoin Predictions Even before the Bitcoin price rise at the end of last week, analysts were bullish about where the price might go. Thomas Lee of Fundstrat says that it could reach $25,000 by the end of the year. Read what he said on ccn.com Meanwhile, billionaire Ted Draper thinks that by 2022 Bitcoin could be worth £25,000. Read about his prediction on ccn.com Major investors obviously agree that Bitcoin is heading up. Last week George Soros’s fund announced it was getting into cryptocurrencies; this week it’s the Rockefeller family that’s joining the fun. Venrock, the venture capital arm of the Rockefeller Foundation, has signed a partnership with a cryptocurrency investment firm. Read the story on Finance Magnates Not everyone is so optimistic about Bitcoin’s future. In an article in Technology Review, the writer says that if the world’s currencies all converted to using Bitcoin as a ‘single currency’ it would be a disaster. Read his views here Before the recent price rise, doom-mongers were saying “I told you so” about the bear market in cryptocurrencies, saying that the bubble had burst. One such was Barclays, where economists compared the spread of Bitcoin enthusiasm with the spread of an infectious disease. Well, it seems we haven’t been cured yet! Read the story on The Guardian | 
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We’re not building a blockchain, we’re powering EVERY blockchain. We disrupt multi-trillion dollar industries Click here to join the Whitelist | Exchange and Bank News In the gold rush, the people who made money were the ones selling spades. In crypto-land, it’s the exchanges that are making out like bandits. The large cryptocurrency exchange in South Korea has reportedly increased its revenue by 171 in 2017. Get the details on ccn.com JPMorgan Chase & Co has been slapped with a lawsuit accusing it of levying excess fees on cryptocurrency transactions. It stems from the bank’s decision to stop letting customers buy cryptocurrency with credit cards, instead treating the purchases as cash advances, which not only have higher fees but also substantially higher interest rates. Read the story on Reuters Cryptocurrency Crime Somebody decided to turn the tables on cryptocurrency scammers by setting up a ‘honeypot’ to entrap and rob those hoping to scam the unwary. He posted a private key to a wallet contained $5,000 of a cryptocoin called Minerium, but it could only be accessed if the would-be thieves sent some ETH tokens to unlock the wallet. But the scheme automatically forwarded those tokens straight to another address, leaving the crooks out of pocket but still unable to access the Minerium. Ingenious! Read all about the honeypot on Finance Magnates 10 Indian policemen have been accused of crimes including kidnapping and extortion in a scheme involving 200 Bitcoins, worth around $1.35 million. The victim alleges that a police inspector and nine of his subordinates used three police vehicles to abduct him, his business partner and his driver, then beat them until they agreed to transfer the Bitcoins to the inspector. Read the story on ccn.com Also in India, cryptocurrency exchange Coinsecure has just lost $3.5 million, and it says its security chief ran off with the money. In a message posted to its website last week, the company said Amitabh Saxena, its Chief Secuirty Officer, was extracting Bitcoin Gold to distribute to its customers, but the funds were lost in the process. Get the details from ccn.com A Finnish criminal ring that used cryptocurrencies to launder drug money has been busted by Europol. Authorites from Finland, Spain, the US and Europol arrested 11 people who were laundering the money through a Finnish crypto exchange. ccn.com has the details Polish authorities have seized thee equipment of $371 million from two companies on suspicion of laundering money for Colombian drug cartels, and some media sources are linking the companies to cryptocurrency Bitfinex. Get the details on Finance Magnates In a falling-out among gangsters, two people shot a Bitcoin miner in Taiwan who refused to fulfil their contract. Two members of the Freshwater Gang raised 47 million new Taiwan dollar and gave it to the victim to invest in mining Bitcoin. He was supposed to give them the profit, but he claimed he couldn’t because of China’s ban on crypto exchanges. So the two gangsters pulled out guns and shot him seven times. Ouch! Read the story on ccn.com Governments and Crypto The People’s Bank of China has published an article called “Effectively Strengthening Virtual Currency Supervision to Firmly Maintain National Currency Issuing Rights” so there is not likely to be any softening of the government’s stance against cryptocurrencies. Get the details from Finance Magnates South Africa’s tax agency says that tax payers need to declare their cryptocurrency gains or losses because the income falls under normal tax rules and therefore may be liable for capital gains tax. Read the story on ccn.com The Texas State Securities Board has warned that there is widespread fraud amongst cryptocurrency investment promoters. The board found that of 32 crypto investment promoters it had investigated, none were registered to sell securities, and two-thirds failed to provide a physical business address. Get the details from ccn.com But while many governments are cracking down on cryptocurrencies or scrambling to regulate it, others are much more welcoming. Japan has emerged as a global centre for cryptocurrencies, and that’s thanks to an American criminal who was looking for a fresh start. Read the story on Bloomberg | 
SMOKE NETWORK Be a part of the world’s first blockchain cannabis social network. Get rewarded in cryptocurrency for high quality original content by the network. Find out more | Blockchain News The blockchain, the technology that underpins cryptocurrency, can be used for many more applications than recording coin transactions. One example can be found in India, where the government wants to use a blockchain-based solution to crack down on the supply of counterfeit drugs. ccn.com has the story A vice president of the EU says that blockchain technology is something that EU nations should be committing to, as it moves out of the lab and goes mainstream. Read what he said on ccn.com Samsung is considering using a blockchain platform to manage and keep track of its vast global supply chain network. They think this could slash their shipping costs by 20%. Read the story on ccn.com Mining News When a Canadian hydropower operation said that it welcomed cryptocurrency miners, it didn’t expect the response to be quite as great as it was. Now Hydro-Québec is overwhelmed by requests to set up mining operations. Read the story on Technology Review Other News Quantum computing could wreak havoc on cryptocurrencies, says at article on The Next Web. Machines that harness the power of quantum mechanics will be able to achieve processing speeds that are immensely faster than today’s computers – and that means they may have the ability to crack the 64-character long keys used encrypt cryptocurrency transactions. Read the story here Leaving aside future worries about quantum computers, keeping the digitally encrypted keys to a cryptocurrency wallet secure is important. However, not many people would go to the lengths that one Dutch crypto-holder has: he’s implanted chips into each hand to store his Bitcoin keys. He says he resorted to this drastic method because he had lost most of his Bitcoins over the years to exchange failure, hacking and theft. Read his story on ccn.com The Crypto Trader News, information, tips and opinions on all things to do with cryptocurrency. Purchase a subscription with Bitcoin, LiteCoin, Ethereum or PlusOneCoin. Click here for more information New Book on Cryptocurrencies out now
from Clem Chambers The CEO of ADVFN, Clem Chambers, has a new book on cryptocurrencies out now in paperback and for the Kindle. Click here to buy the book from Amazon Trading Cryptocurrencies: A Beginner’s Guide - Bitcoin, Ethereum, Litecoin is an invaluable guide to making money in cryptocurrencies: how they work, how to invest in them, trading cryptocoins, mining, and the technical details behind them. 
Click here to buy the book from Amazon CME Bitcoin Futures ADVFN (LSE:AFN) is now offering free CME Bitcoin Futures data to its four million registered users. Anyone visiting the ADVFN site can obtain quotes, view charts and access real-time news for CME Bitcoin Futures here. Users can add these contracts to their portfolios and see bid, offer, highs, lows and current prices along with traded volumes. They can also view them on their monitor pages alongside their other investments. | 
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