Bitcoin Mixing Services – What They Do
By Sam Mitchell
Majority of people know bitcoin as an anonymous cryptocurrency. This perceived fact is a false myth. But somehow the currency has acquired the reputation of being anonymous. So what’s the solution? Bitcoin mixing service. Unless the user integrates this service, his transactions will remain traceable. The fact that crypto enthusiasts think that bitcoin is anonymous has exposed ignorance in the crypto space. Users should really evaluate their understanding of bitcoin...
Best Bytecoin Wallets 2019 – Which One Should You Use?
By Sam Mitchell
Bytecoin, also known as BCN is an altcoin offering untraceable transactions and relatively profitable mining rewards. Created in 2012, the altcoin has weathered a lot of controversies and managed to repair its image. Bytecoin’s development team have managed to rebrand the coin and introduce new wallets. A number of third-party wallets have also appeared in support for the coin as well. This piece will give you advice on the best...
Selecting The Best Cryptocurrency Mining Hardware Today
By Sam Mitchell
The on-going Cryptocurrency bear market has affected other aspects of the sector such as mining. When Bitcoin and other coins were selling at their highest prices towards the end of 2017 and the beginning of 2018, mining was a lucrative business. However, although the recent crash has made mining almost unprofitable, there has been a significant reduction in mining hardware prices. Consequently, if you use cheap power or rely on...
Bitcoin Cash: History And Purpose
By Sam Mitchell
Bitcoin developers always knew that they would one day encounter a scaling issue. More specifically the size of transaction blocks, being limited to 1MB. It’s not news that the issue reached its climax with substantial delays in transaction processing and limitations regarding the number of the transaction the network processes. And what do users, miners and developers do on the onset of such a problem? They look for multiple ways for solutions....
Students Can Now Pay Fees In Cryptos At A French Business School
By Sam Mitchell
Financial Business School, the leading French college that offers post-graduate studies in financial and blockchain technology, has now given its students an opportunity to pay their fees in Bitcoin. From the time the measure was introduced by the college, close to half a dozen learners have been able to pay their fees in Bitcoin for the 2018 academic year. Relief To International Students Nearly a quarter of the students that...
Crypto Energy Consumptions: Why You Shouldn’t Worry
By Sam Mitchell
A few weeks ago, the cryptocurrency space was shocked with reports on the crypto mining energy demands. According to the report, crypto mining consumes the same amount of electricity as Ireland does in a year. It’s a decade into the cryptocurrency era, and power demands have shown no signs of ceasing. Rather, they are growing alongside the economy. The demands go towards the provision of immutability, proof of work, and...
When To Use Cold Wallets Or Hot Wallets
By Sam Mitchell
Cryptocurrencies, unlike fiat currencies, are not physical. Consequently, whereas hard currencies such as USD, GBP, and EURO can be stored in a physical wallet, altcoins require a different kind of wallet. A virtual currency wallet is a software that keeps public and private keys thereby enabling the holder to store, send, or receive different coins and check the balance. Most of the Cryptocurrencies have their official wallet. However, many wallets...
Major Industries Where Blockchain Technology Can Be Applied
By Sam Mitchell
There are numerous other sectors that can use blockchain to improve their operations. Essentially, blockchain began as the core component of cryptocurrencies such as Ethereum and blockchain. Blockchain technology by definition is a virtual ledger that can record and verify a huge amount of digital transactions. This technology is now being adopted in many different industries. IDC predicts that businesses could spend about $2.9 billion on technology in 2019 which...
Reasons why Bitcoin Is Surging
By Sam Mitchell
Crypto traders were recently reminded of the events that took place in 2017; when BTC and other altcoins took the world by storm with huge returns. The sustained and sudden breakout has created a sense of panic among the people who neglected to accumulate during the bear market’s depths. Here are some of the reasons why the price of Bitcoin has been soaring for the past couple of years. Heavy...
India Expresses Fear Of Impact Of Cryptocurrencies On The Financial System
By Sam Mitchell
The committee formed by the Indian government to draft Crypto regulations has said that if Cryptocurrencies are accepted as payments, they could destabilize the local currency. Although Cryptocurrencies remain banned in the world's largest democracy, the government is working around the clock to put regulations in place. The recent observation by the panel is contrary to a report published by the Financial Stability Board (FSB) that stated that virtual currencies do...
Will Blockchain Facebook Ever Become Mainstream?
By Sam Mitchell
The Cambridge Analytica incident last year sure raised eyebrows on the manner in which social media giants handle user data. The result of the incident has seen a considerable number of users deactivate their accounts. A study by Pew Research Center says that 44% of youngsters in the US alone have logged off their Facebook accounts for good. But there is an emerging technology, one that promises to eliminate the...
Interesting Bitcoin Price Predictions
By Sam Mitchell
Anyone can predict bitcoin’s future price, but doing so precisely is not a simple task. One has to consider a myriad of factors that come into play, including the high level of volatility infamous with crypto markets. Today, we weigh in on some of the bitcoin predictions made in the recent past. Several predictions have been made, and it has turned to a debate, who’s right and who is overzealous....
Bitfury, A Crypto Mining Startup Raises $80M
By Sam Mitchell
This week, Bitfury Group Ltd. said that it managed to raise $80 million from MACSF insurance group, Galaxy Digital, Macquarie Capital, and others. The Crypto mining startup said it will use the fund in the development of its blockchain platform and customizable chips. Many regard the firm as the second largest altcoin miner after Bitmain Technologies Inc. Galaxy Digital And Other Companies Assist Bitfury Raise $80M Bitfury Group Ltd. has...
Crypto Investors: Are You Laundering Money?
By Jason Bloomberg
As the crypto world tries to go legit, various exchanges and other feeders from the bottom to the top of the crypto food chain are implementing Know Your Customer (KYC) and Anti-Money Laundering (AML) technologies. If you think of yourself as a criminal, then you probably realize the glory days of crypto may be past. But what if you don’t? Will you run afoul of KYC or AML? First of...
What Next For Bitcoin After April Gains?
By Sam Mitchell
Bitcoin prices are now on a 3-month upswing since the first positive month since July 2018 was recorded in February. April is officially the third month. And everyone now wants to know what’s next for the flagship currency. In early April, Bitcoin, the most prominent currency in the market registered significant increases amounting to over 20% in a day. Later the same month, the coin experienced additional gains but retained...
5-Star Swiss Hotel Expected To Accept BTC Payments
By Sam Mitchell
A 5-star hotel that is based in Switzerland is expected to start accepting Bitcoin payments. This will take place as from the month of May 2019. The hotel is known as Dolder Grand. This great news was officially announced on the 2nd of April 2019. It was announced by Inacta AG, which is the tech partner of the five-star Swiss hotel. The option for BTC payments will start functioning on...
Ethereum
By Sam Mitchell
Cryptocurrency is now regarded as one of the most reliable currencies in the digital market. Widely used in the financial markets globally, it is the new trend as a medium of exchange. There are various online platforms that make it possible to transact business globally without a hitch, that is friendly, secure, fast and are detached from the normal global banking sector. One of the most notable online platforms that...
Libra Launch: What Has Been Confirmed
By Sam Mitchell
Facebook finally unveiled its new cryptocurrency-Libra. We already have bits of information about the new currency, but we still need to understand what Libra is, its purpose, and what it means for the average consumer. Will it be the first truly global currency? According to Facebook, the new cryptocurrency will be more accessible with instant fee transfers and lower fees charged. But not as soon as you think. The social...
BTC to Break Downtrend with a $9k Target
By Sam Mitchell
The flagship crypto is not giving up yet. Bitcoin has refreshed its energy as it targets new heights in its escape from the current downtrend that seems to haunt it. But when can we expect the price to start hitting the right targets? Well, traders will have to wait some more before some encouraging results start showing. What Is the Next Critical Point? Currently, we are still in a midterm...
Cryptocurrency Mining Now Allowed In US Political Campaigns
By Sam Mitchell
The United States Federal Election Commission is the official body that is charged with conducting elections in the US. In a new twist, the commission has issued a new advisory opinion in regards to the use of cryptocurrency and elections. Henceforth, people are now allowed to make contributions to political campaigns by giving out their computer power to be used for mining cryptocurrency for the political candidates of their choices. The...
Latest Crypto News
December 13, 2024
18th Millionth Bitcoin to Be Mined In Three Days
By the end of the week, the net volume of bitcoin tokens available for mining will shrink to 3 million. That will be after the 18 millionth token has entered […]
June 28, 2024
Innovations Happening In The Crypto Exchange Scene
Cryptocurrency exchanges are a vital part of the crypto infrastructure. News of huge profits made on the exchanges hacks happening at an alarming rate, exchanges imitating one another and others […]
May 31, 2024
Bybit Card: How It Works, Costs, Limits, and How to Order
Overview: The Bybit Card, powered by Mastercard, enables users to spend cryptocurrencies at any online or physical store accepting card payments and allows cash withdrawals directly from crypto accounts. It […]
