Canada Launches A New Crypto Mining Facility
By Sam Mitchell
A new 85 Megawatts cryptocurrency mining facility has been put into operation by one of the leading blockchain firms in Canada. According to an announcement that was made on the 8th of November 2018, DMG Blockchain Solutions Inc., one of the most established cryptos and blockchain companies in Canada has introduced a new cryptocurrency mining facility to its operations. Operations To Begin In July 2019 The company has stated that...
Colorado Bill Proposes Exemption Of Digital Assets From Securities Laws
By Sam Mitchell
Lawmakers from the state of Colorado in the United States have put forth legislation that seeks to have digital currencies and other tokens be exempted from securities laws. Colorado Seeking To Become a Hub The two lawmakers, Senator Stephen Fenberg from the Democratic Party and Senator Jack Tate from the Republican Party, came together and submitted the bill which is being called the Colorado Digital Token Act. The bill puts...
Best Crypto To Mine In 2019
By Sam Mitchell
Crypto mining is basically validating transactions that have adhered to specific rules in the network and adding them. Miners compete with one another in solving mathematical challenge problems that come in crypto hash functions. The miners who find the solution first, are paid. The process of mining itself is done via various means. The best way, however, is setting up a mining farm. However, a mining farm can prove to...
Why Security Tokens Will Become Popular In 2019
By Sam Mitchell
Experts have predicted that in the next 10 years, security tokens could become a multi-trillion dollar market. Security tokens are showing prominence and have already generated interest from crypto enthusiasts. Security tokens are now being perceived as worthy alternatives to ICOS and investors are exploring the substitute. And the crackdown of ICOs in 2018 by regulatory bodies is helping. Even major companies like Coinbase and Nasdaq have started organizing forays...
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...
Tether
By Sam Mitchell
Apart from being the most popular cryptocurrency stablecoin, Tether is the first of its kind. The work of the stablecoins is to mirror the fiat currency’s value. It does this by holding just sufficient reserves to back the supply. Basically, Tether is a digital to fiat currency that can be easily traded at a number of exchanges around. How to Use Tether Shapeshift, Kraken, and Bitfinex are just some of...
Why Most Scholars Don’t Understand Bitcoin
By Sam Mitchell
Misir Mahmudov, a well-respected crypto analyst and a bitcoin influencer has caused a stir among bitcoin critics. The analyst has argued that the reason why most educated people fail to see the benefits of bitcoin is because they are only specialized in one field. Mahmudov who is also a financial economics student at the Columbia University says that in order for one to truly understand how bitcoin works, one has...
The New Way Of Storing Private Keys And Recovery Phrases
By Sam Mitchell
We cannot hide from the fact that more than a billion dollars of crypto were lost in 2018 alone. Some users reportedly had their funds hacked or scammed. Others just couldn’t access their funds, simply because, they lost their private keys or recovery phrases. These cases have one thing in common- poor private key management. This piece is all about a new way of securing your private keys and recovery...
Crypto Investing Tips
By Sam Mitchell
We are in that season again, where crypto prices increase proportionately with popularity. It's 2019, and you can buy a digital currency as easily as accessing an exchange site. And more people are interested in cryptocurrencies, nearly as many as during the 2017 crypto boom. As the crypto craze continues, we thought it wise to provide readers with some basics on cryptocurrency investment. The tips discussed here today should come...
Blockchain – The Answer To User Data Manipulation
By Sam Mitchell
Studies have shown that at least 2.3 billion people use Facebook daily. The statistics have hardly changed in spite of the company facing major accusations in 2018 regarding the privacy of its user’s data. Moreover, Facebook’s former VP of User Growth has publicly said he doesn’t allow his children on Facebook. He has accused the LIKE function on Facebook for manipulating user’s psychological weaknesses for what he calls quick rewards....
Coincheck Resumes Xrp, Fct Trading
By Sam Mitchell
Coincheck has announced that it will be resuming trading in XRP and FCT starting from the 26th of November. Services Suspended To Investigate Breach This news was made public by a statement on the exchange’s website, which was signed by the Crypto exchange’s chief executive Toshihiko Katsuya. According to the statements, trading on the two Cryptos will be possible beginning on Monday. The statement also said that deposits and sales...
6 Amusing Cryptocurrency Facts That You May Not Know
By Umberto Papa
Crypto is from the 80s One of the most common misconceptions about cryptocurrency is that it is a fledgling invention, born somewhere around 2010’s. Few people know that the idea of applying cryptography to money was elaborated in 1983 by David Lee Chaum, the well-known American computer scientist and cryptographer, who also laid the ground for the Cypherpunk, an underground movement that stands at the origin of Bitcoin. The creator...
Africa Showing Great Interest In Cryptocurrencies
By Sam Mitchell
Digital currencies remain a trending topic in Africa as compared to the rest of the world. According to the latest report by google trends, the top three countries in the world actively searching ‘bitcoin’ are Nigeria, South Africa and Ghana respectively. When it comes to the term ‘buy bitcoin’ Nigeria and Ghana top the list. In Zimbabwe, bitcoin prices are experiencing significant premiums on various trading platforms after the country...
Crypto Market Lessons About Investing
By Sam Mitchell
Here are some top reasons that each virtual asset investor should take into account before investing in the future; Ensure You Fully Understand The Cryptocurrency Although this might appear common to understand what cryptocurrencies are, it is important to understand the basic concepts. One of the major factors to succeed in this market is the comprehension and familiarity of the market. This would include understanding what cryptocurrency means. The crypto...
AFX Group
By Sam Mitchell
AFX Group is a Forex (foreign exchange) broker that offers the trading services through the MetaTrader 4, as well as Web training platforms. When it comes to the execution model of orders, AFX Group can just be defined as an a-book broker available on the market. AFX Group is focused on offering the trading of indices, currencies, bonds, stocks, as well as commodities. AFX Group is basically an online forex...
Solution To The Dying Cash System
By Sam Mitchell
There is no denying that the cash system is becoming expendable. In the next two decades, cash might be illegal. And the invention of the computer takes the blame.The revolution started years ago. The same government that can’t resist peeking into our lives will make the idea a reality. The Benefit Of Centralized Currency In places like India, it started in 2016 when Prime Minister Narenda Modi banned most of...
Ripple XRP: A Budding New Business
By Sam Mitchell
Like other cryptocurrencies, Ripple XRP is back on course. However, the price retardation that has been experienced in the last 48 hours has not spared Ripple XRP either. This kind of shakeup has certainly affected unconfident crypto enthusiasts. Perseverance Is Key The Ripple XRP community is an ecosystem of crypto enthusiasts anticipating to see Ripple XRP grow into prominence with the emerging adoption options. An outstanding quality with entrepreneurship is...
LCX Can Now Offer Crypto Services In Liechtenstein
By Sam Mitchell
Several crypto exchanges have continued to be licensed for offering crypto trading services. The latest is Liechtenstein, LCX, which would be offering it for payment and utility tokens. LCX will be providing four main cryptocurrency services in partnership with Binance. LCX Is Now A Regulated Exchange On Tuesday, 27th November, LCX made a big announcement. That was the day it was granted a license by the Liechtenstein Ministry of Economic...
Who Pays for Bitcoin Mining?
By Jason Bloomberg
Of all the properties of Bitcoin, the one that always seemed the most magical was how miners got paid in Bitcoin seemingly out of nowhere. Abracadabra! As the value of Bitcoin (or any other proof-of-work crypto) goes up, so too do the rewards. It’s like being able to print your own money, right? Just one problem: the value of the crypto that miners make has to come from somewhere. And...
Organizations That Accept Cryptocurrency Donations
By Sam Mitchell
Charity groups and NGOs have not been left behind in adopting Cryptocurrencies such as Bitcoin and Ethereum among others. Unlike fiat currencies, it is easy to send donations in altcoins as the process is cheap and fast. Virtual currencies are known for making it easy for such groups to raise more funds as the process is simple and possible regardless of the geographical location of the donor. The number of...
Latest Crypto News
October 14, 2019
Going on 2020, What Crypto And Blockchain Investors Have To Know
The markets have revealed a lot in 2019. We now have to use some of those insights coming into 2020. Considering what happened in 2018, 2019 wasn’t such a bad year per se. We had a bull run during the first half of the year, although the prices stagnated and dropped at some point, it’s […]
October 12, 2019
Find Love on Blockchain
From use cases in energy, finance and insurance industry, blockchain now has a new use case; finding love. Yes, you read it right, blockchain is now a solution to finding your soulmate. If you have tried other technologies like tinder, then you know that not everything is real and the world can be very deceiving. […]
October 10, 2019
Celebrities Totally Into Bitcoin
Bitcoin used to be synonymous with the black market purchase of illegal goods. But now celebrities have joined the crypto craze. We explore some of the celebrities who have joined the crypto bandwagon or shown interest in the new wave of digital money. Kanye West Besides suing a crypto project for trademark infringement, Yeezy himself has […]
