Crypto Can Beat The S&P – Morgan Creek
By Sam Mitchell
Morgan Creek Digital is betting a total of $1 million that the crypto will beat the S&P 500 in the coming ten years. Morgan Creek Digital is an institutional manager with a great focus on digital assets and the cryptos. The Cryptos Are Not Worthless’ Says Morgan Creek The future of the virtual currencies has been a topic of discussion lately. However, Morgan Creek Digital holds a different opinion when it...
A Decentralized Financial Revolution Predicted To Happen
By Sam Mitchell
Open and decentralized cryptocurrencies like Monero and Bitcoin present loads of possibilities that other currencies don’t. Whilst the ordinary user is interested in the freedom to choose and the power cryptocurrencies offer, regulators and capitalist-minded individuals are interested in the underlying technology (Blockchain). This fact is echoed by a report by the Swiss Federal council concerning regulations of the Blockchain technology. Decentralization Already Facing Tough Opposition Even as such reports...
Ohio To Use Bitcoin To Pay Taxes
By Sam Mitchell
Ohio has officially become the first state in the US to accept bitcoin as a means of payment for taxes. The state announced its revolutionary decision on Monday and is anticipated to be the first among a string of states to follow. Speaking after he made the announcement, Josh Mandel who is Ohio’s state treasurer added that the blueprint was crafted in such a way that it would be easier...
Kenyan Restaurant Accepting Crypto For Payments
By Sam Mitchell
In Mount Kenya lies a savvy restaurant that has begun accepting Bitcoin as a mode of paying for meals. Crypto For Meals In Mount Kenya The restaurant is called Betty’s place and is located over roughly 90 miles from Nairobi, which is the capital city of Kenya, in the rural part of Nyeri. Betty’s Place is among the few start-ups in the country to embrace the Blockchain technology and Cryptocurrencies,...
Bitcoin Cash Acquires Over 140% This Week
By Sam Mitchell
Lately, the crypto markets have been experiencing an upward trend. However, a majority of the prices of leading virtual coins asset have witnessed good gains over the last one week. Approximately $132 billion is the overall market capitalization of all the coins that are in existence as of Sunday, 23rd December. On top of that, the international trade volume has significantly increased. This is considering the fact that it is...
Why You Should Start Accepting Payments In Crypto
By Sam Mitchell
Change is inevitable. So is the move towards a digital ecosystem. Cryptocurrencies are fast becoming a great addition towards the digitization. And why not? They provide merchants and consumers with unique benefits. Digital currencies as a topic has been quite interesting in the past couple of years. The rise of bitcoin in 2017, which saw it reach an all-time high of $20,000 caught the attention of investors worldwide. Statistics, according...
New 7nm Bitcoin Chip Miners From Bitmain Are Available For Sale
By Sam Mitchell
From November 8, 2018, Bitmain’s 7nm chip miners will be on sale to Bitcoin miners. The mining hardware technology from the Chinese giant is expected to transform the mining of Bitcoin by making it easier, affordable, and rewarding. The 7nm chip will also enhance efficiency in Bitcoin mining. The chip maker has not revealed a lot of details about the new equipment but available reports from important sources and Bitmain...
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...
G20 Supports Crypto Regulation
By Sam Mitchell
The G20 Countries have released a declaration in support of the regulation of the Crypto sector. The G20 forum brings together central bank governors and governments of the 20 largest economies in the world. In a joint statement, the countries said that they will regulate virtual currencies to control their use in terrorism financing and money laundering in line with FATF standards. Moreover, the countries said they will consider other...
Bakkt Announces $182 Million In Raised Funds
By Sam Mitchell
Bakkt has announced that it has raised $182.5 million. The raised funds are to be used in the building of its global digital assets platform and its development of Bitcoin futures product. New Opportunities For Bakkt According to a post on the Medium, made by the firm’s chief executive Kelly Loeffler, the funding round was made possible through its cooperation with twelve of its partners. The ICE (Intercontinental Exchange), the...
Bitcoin Surpasses $11,000
By Sam Mitchell
Bitcoin, for the first time in over 13 months tasted prices above $11,000 before a quick correction. The flagship cryptocurrency extended its recent gains as a benefit of a sustained momentum initiated earlier in the year. Before 9 am on Saturday, bitcoin hit $11,190. According to CoinDesk, this was the first time in over 13 months since the same figures were reached. Additional data by CoinDesk reveals that the world’s...
70% Rarely Use Crypto For Payment: Study Finds
By Sam Mitchell
Blockchain’s potential can only be realized when value is freely shared between parties for commercial and utility purposes. If this doesn’t occur or occurs only to a limited degree, blockchain can only make a little difference to the world. It is not a surprise that people are holding back crypto usage. A recent study finds that a majority of crypto owners rarely use them in making transactions, and there are...
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...
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...
Fiat Currency’s End Is Fast Approaching
By Sam Mitchell
Times are changing. Fiat currencies are no longer reliable, and we cannot rely on them forever. But luckily we have a solution. Crypto is the answer when it comes to insecurities regarding market crashes and dips. We can trust crypto to protect our life savings in tough times like these. Exchange rates change every day. Matter of fact, five minutes after reading this, chances are you will find a different...
Things Crypto Scammers Say
By Jason Bloomberg
There are basically two kinds of people in the crypto world today: scammers and their marks. Not a scammer? Well, then, you’re a mark. If you haven’t already fallen for one of the multitude of crypto scams out there, here’s a quick guide to identifying a scammer. If you hear somebody saying any of the following things, run – don’t walk – in the other direction. Buy Bitcoin (or any...
3 Improvements That Will Lead To Mainstream Adoption Of Blockchain
By Sam Mitchell
More than half of respondents in a survey conducted by Deloitte say that blockchain is a critical priority for their businesses. An overwhelming 83% of them admit they recognize a compelling business case. Giants amazon, Facebook, Walmart and IBM are among the household names interested in employing blockchain in their businesses. The Distributed Ledger Technology is disruptive. But questions still arise whether it’s scalable enough to meet marketplace’s expectations. You...
The Fate Of Bitcoin Miners And Craig Wright’s BCH Fork
By Sam Mitchell
A statement given to Bloomberg early this week by Jonathan Bier, the head of research at BitMEX would be soon proven to be true or false. When asked whether the planned BCH fork would play out, this crypto official said that the divide between the mining majority and economic majority will sort out itself in a rapid way. Jonathan Bier’s Prediction In his position as Bitmex’s head of research, Bier...
Indonesia’s Unicorn Finally Acquires Philippines Bitcoin Wallet
By Sam Mitchell
One of the most established Indonesian ride sharing platform, Go-Jek, has announced a business partnership with Coins.ph. Coins.ph is one of Filipino’s local payments and crypto wallet platform. This comes after an unsuccessful effort by Go-Jek to gain an entry to the Philippine’s mainstream market at the beginning of the month. At the moment, the Filipino company is in the process of creating beta access to users in the Coins...
KuCoin Cryptocurrency Exchange Raises $20 Million
By Sam Mitchell
KuCoin has successfully managed to raise S$27.5 million (US$20 million) in a series A funding. The Singapore-based virtual currency platform, which started in September 2017, is planning to launch Platform 2.0 early next year. The new funding will help the company to hire more customer support staff to improve its customer service. IDG Capital And Other Companies Help KuCoin Raise $20 Million KuCoin Cryptocurrency platform, which became operational in September...
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 […]
