2018 is off to a shaky start.
With Bitcoin floundering from its all-time high, many investors are turning to alternative coins (altcoins for short) that seem to offer much more promising applications, yet for a much lower price.
The challenge is predicting what coins could truly blossom, and hold their value in the event of a major Bitcoin crash. To do so, the coin needs a promising everyday use that can justify a high valuation.
Continue reading The Top 5 Altcoins for 2018: Practical Projects, Underground Gems and Moonshots
Russia on Thursday announced that it will soon introduce a new legislation to regulate cryptocurrencies. A statement released by the Finance Ministry earlier on the same day emphasised on the need to control the production and distribution of digital currencies without fully banning them.
Apparently, the government is also keen on avoiding any scenario wherein digital currencies such as Bitcoin and Ethereum emerge an alternative to the Russian ruble.
Continue reading Russia Reconsiders Stand On Cryptocurrencies, Aims For A Middle Ground Between A Ban And Free Run
If the trends in the crypto economy over the past few years have taught us anything about real life use of virtual currencies, it’s that bitcoin is extremely unlikely to evolve into a universal communal ledger like many early proponents had claimed.
But to say that it is useless as a mode of payment is also as inaccurate as it can get.
Continue reading How Bitcoin Is Slowly Evolving as a Payment Method
A Bitcoin address is a cornerstone to understand how the cryptocurrency is exchanged between two individuals as they essentially dictate the source and destination for a particular amount of bitcoin. For those new to the world of cryptocurrencies, a bitcoin address may seem a little confusing at first.
Unlike a conventional bank account number, these addresses can include both numbers as well as letters and be up to 35 characters in length. In practice though, most addresses tend to be 33 or 34 characters long.
Here’s what one looks like:
Continue reading What Is My Bitcoin Address and How Does It Work?
In another moment of noted reaction in the world of the crypto-craze, the advocates of cryptocurrency have expressed fear upon the announcement of possible crypto regulation by Angela Merkel, German Chancellor and her counterpart, Emmanuel Macron, President of France.
The pair met January 19 2018, to discuss what many governments are coming to view as an unavoidably thorny issue. The decentralized nature of Bitcoin and other cryptocurrencies, especially when coupled with the inherent volatility of market sentiment and potentially delusional public enthusiasm for crypto, has finally made it to the agenda of world leaders.
Continue reading More Turmoil for Bitcoin As Merkel and Macron Propose Regulation
Over the past few years, cryptocurrencies have gained maximum momentum. Their adoption rate is increasing exponentially with no signs of stopping. As a consequence, the Fintech enterprise is experiencing massive transformation, and its effects ripple across multiple industries.
Let’s just wind the clock back to 2009.
The inception of Bitcoin was just the primum movens, the initial force that triggered massive innovation in a field previously unknown to humankind. The success of cryptocurrencies has been such that today, the total market cap is equating $740 billion, with more than 1400 different crypto-coins and tokens, and tens of thousands, possibly even millions of new jobs created.
At this point, it’s safe to say that cryptocurrencies are not going anywhere.
Continue reading US Cryptocurrency Regulation: Policies, Regimes & More
What would be the reasons for the unpredictable price variations of Bitcoin? There are millionaires who appear to not know about this major issue.
In reality, every cryptocurrency blogger would have their set of arguments. But, aren’t we all tired of reading really long articles where they express their opinions based on freedom of thought?
So, let’s cut to the chase and identify the theories which could have shaped their thoughts.
Continue reading 3 Major Theories Behind Bitcoin Volatility
On January 9, 2018, Tom Lee spoke optimistically of Bitcoin in an interview with CNBC, expressing his opinion that the digital currency could “easily double” in value over the course of the year.
At the time of the interview, Bitcoin was down 25 percent since its highest point near $19,800 in December 2017. It has since dropped a further 25 percent, reaching a low under $10,000. The price of Bitcoin has since recovered reasonably and is trading at $11,680 at the time of writing.
Continue reading Wall Street Strategist Tom Lee “Aggressive Buyer” during Bitcoin Major Low
If you’re a crypto investor currently residing in South Korea, the past few days must have been quite a turmoil. Especially after the senior minister in the federal government went on record saying that an outright ban approach on cryptocurrency trading was still very much a “live option.”
Expectedly, the minister’s comment created panic among a sizeable chunk of the investor community who then went on selling off their crypto holdings in anticipation of an imminent crackdown. However, now it turns it out that the panic was probably more of an overreaction as the government has since virtually ruled out an outright ban in the immediate future.
The South Korean Office for Government Policy Coordination issued a statement on Monday hinting that the crackdown on crypto assets won’t necessarily come imminently.
Continue reading South Korea’s Government Switches To A Softer Stand On Cryptocurrency Ban