Corporations and governments around the world are implementing blockchain technology to create their own cryptocurrency. No more is the technology the exclusive playground of young startup entrepreneurs and crypto hobbyists. In the past, corporate organizations and government bodies saw cryptocurrency as a bubble and took steps to either disassociate themselves or outrightly place a ban. The narrative has changed as cryptocurrency has begun to win the hearts of these corporate bodies and governments. Some big companies and countries who have wasted no time in issuing and launching their own cryptocurrency coins, while some others have it on their bucket list. With this move, the fight to oust cryptocurrency is gradually waning, although, some countries are still adamant and believe everything is just a sham.
For almost ten years, Bitcoin has survived many tragedies and withstood a wide range of negative factors that would have otherwise made it extinct. Since its subtle entrance in 2009, it has been besieged with bad reviews, derogatory remarks, and death sentences. But despite all of the negativity that Bitcoin has had to deal with, nine years later, it has grown to be the most valuable cryptocurrency in the world.
Dustin Walper, the founder of Akira, the popular telehealth startup is set to make the move to the cryptocurrency scene. Having left Akira less than a year ago, Dustin Walper has launched Newton, his first foray into the cryptocurrency market. He becomes the latest in a growing list of seasoned entrepreneurs who are attempting to break into the cryptocurrency market. Akira was acquired by Right Health, a virtual healthcare service startup in 2017.
According to the official website, Neo is “a non-profit community-based blockchain project that utilizes blockchain technology and digital identity to digitize assets, to automate the management of digital assets using smart contracts, and to realize a ‘smart economy’ with a distributed network. ” The project was initially introduced as AntShares (ANS) in February 2014 and was funded by two crowd sales. Its initial coin offering (ICO) raised over $4.5 million; the first crowd sale took place in October 2015 during which 17.5 million tokens were distributed, and the remaining 22.5 million tokens allocated for sale to early investors were distributed during the second crowd sale.
Amidst the cryptocurrency market’s recent bearish demonstration, rumblings about forthcoming index funds have grabbed the attention of many investors both, in and out of the industry. With the digital currency market achieving a cumulative market cap of close to 1 trillion US dollars a few months ago, it has finally defined itself as a competitive asset class for potential investors.
There is hardly any doubt that Bitcoin is more than a bit of an economic revelation. The cryptocurrency that was born out of the eponymous 2008 Bitcoin white paper and launched the following year has been catapulted to the forefront of global attention. The emergence of Bitcoin launched blockchain technology and introduced cryptocurrencies to the world. In less than a decade that Bitcoin has been around, it certainly has made the news a lot. One question that has defied any definitive solution has been the puzzle of just how to value Bitcoin. The answer may lie in an approach developed by a Swiss research team.
Have you wondered how easy it would have been if you could book a flight with just a few clicks? I’m not talking about an online booking feature which directs you to a payment gateway. It’s 2018 and the Internet is ever expanding. Super responsive designs, AI, and virtual reality have made a mark and many websites are adapting to these technologies. But one major phenomenon that jolted the whole world was cryptocurrencies and more importantly, the most famous one – Bitcoin. Did you know that hundreds of famous or companies accept Bitcoin payments, either as one of the different forms of payment or as the only way to exchange goods? And the fact is some of these websites have been doing so for quite a while.
Whether they be non-profit or profit generating, these institutions still view Bitcoin as legitimate legal tender and show no signs of stopping.
One of my friends went to church recently, and the priest talked about Bitcoin during the Sermon. It can’t get any more mainstream than that, right? The incredible popularity of Bitcoin in 2017 is of course, directly tied to its rapid increase in price and its success as the asset, currency, or investment to beat. With gains at almost 2000% in 2017, no other investment comes close. What more the gains of the last 2 or 3 years? Heck, if you bought $100 worth of Bitcoin in 2010, it would be close to $100 million today. So what are these better investments I am talking about?
Coinbase, a company which has served as an exchange marketplace to enable users to procure cryptocurrencies using fiat currency, has come up with another groundbreaking product. This new product is Coinbase Commerce, which has been created as a solution to enable merchants all over the world to accept payments in specific cryptocurrencies for their goods and services online. The acceptable cryptocurrencies for such transactions will be Bitcoin, Ether, Bitcoin Cash and Litecoin.
When Bitcoin entered the scene in 2008/2009, it wasn’t with a bang. Designed as an alternative to the legacy financial system, it attracted little attention at first, not least because few people really understood it. For the first few years, the majority of the conversation centred on the currency aspect – for good reasons. It was only in the last few years that the conversation shifted to the underlying technology that makes Bitcoin work: the blockchain.