If you’re just getting into cryptocurrency trading, or even if you’re highly experienced, there’s no doubt you could be overwhelmed by the over 1,600 digital currencies and more than 200 exchanges you can trade them on. And while there are similarities, each exchange is different. The one similarity that does distinguish the exchanges though is whether they are centralized exchanges or decentralized exchanges.
By far the most popular way to date to fund new blockchain projects has been the initial coin offering (ICO). It’s so popular that in 2017 nearly $4 billion was raised through ICOs, but so far in the first half of 2018 (through June 30, 2018) over $12 billion has been raised through ICOs. The problem with the ICO process is that it is fraught with hackers, frauds and mediocre projects.
Cryptocurrency regulation in the European Union is still in its early stages. While the EU is working on the general guidelines regarding crypto regulation, individual member states have undertaken different regulatory approaches according to their specific legal traditions and practices. This article is focused on the legal documents directly regulating, or otherwise affecting cryptocurrencies in the European Union at the “federal” level – without examining the different approaches undertaken by all 28 member states.
With billions of investments being pumped in the blockchain industry, it seems to be growing rapidly day-by-day and is expanding on to new horizons.
Those horizons include humanitarian causes, such as combating child trafficking or introducing cheaper electricity. Others focus solely on the creation of cryptocurrencies, while some deal with copyright protection. The innovation seems to be never-ending.
One of these innovations comes to you from Decentraland, the company that shocked us all when in 2017 it attracted investments in the amount of $26 million in just 30 seconds, The New York Times writes.
Cryptocurrency has hit a big goal – wide-spread media attention. Mass awareness, which most investors are hoping is just the precursor to mass adoption. Convincing people to ditch their traditional banks for a digital wallet however is a whole new hurdle. One of the biggest topics that most potential newcomers raise is ‘anonymity’. Here, I am going to give a beginner’s introduction to the anonymous nature of cryptocurrency.
The age of cryptocurrencies brought to light some of the most bright minded individuals-usually traders, programmers, hedge fund managers, and designers worth following.
While most of us rush to follow the likes of Satoshi Nakamoto (whoever that is), Don and Lex Tapscott, Andreas Antonopoulos, Charlee Lee and other key members, there are small-time but effective crypto enthusiasts that could be worth following.
One of the benefits of following under the radar cryptocurrency enthusiasts is a faster response to queries. These individuals have fewer followers and can get back to you within a day or less.
Just 5 short years ago it was fairly difficult to find cryptocurrency and blockchain resources. Oh, they existed, but only a handful, and some of the sites were very primitive and not user friendly. Jump forward to 2018 and we are spoiled for choice, with literally hundreds of blogs, vlogs, podcasts, tools and resources in the cryptocurrency space, with even more being added every week.
The advent of blockchain technology and cryptocurrencies has opened the world to a number of interesting possibilities and questions. The possibilities seem endless (much like the seemingly infinite list of cryptocurrencies). Yet, with these possibilities, a number of questions arise.
These questions primarily focus on the value that blockchain bribings to society, the intrinsic value of cryptocurrencies (especially, leading cryptocurrencies like Bitcoin) in contrast with fiat currencies.
2Already 80% of all Bitcoins have been mined (as of January 15, 2018) so let’s see how many Bitcoins are left. The Bitcoin blockchain was designed to only ever produce 21 million Bitcoins. Once all of these are produced and mined there won’t ever be another Bitcoin produced. This is known as controlled supply and is in direct contrast with the way national currencies are handled by central banks.
National, or fiat, currencies have an ever expanding supply. This has several reasons, one of which is that it creates inflation, which global governments encourage as a way to grow the economy. Unfortunately it also leads to the devaluation of the currencies, and in many cases this also leads to a reduction of wealth for citizens.
Responsibility is the price of freedom
Let’s be honest – cryptocurrencies aren’t user-friendly just yet. Securing crypto assets isn’t as easy as we’d like it to be; it takes some skill, dedication and a bit of patience to secure your bitcoins properly.
Every now and then we hear a newsworthy story of some guy who lost a considerable amount of money because he lost the private keys to his wallet, got hacked, or the third-party service provider that had custody over his private keys got hacked.