Bitcoin is a protocol and also the name of the token and the unit in which accounts are denominated. “BTC”, “XBT”, or “bitcoin” refers to the unit and the protocol and its associated ecosystem, and is used interchangeably with “Bitcoin”. Bitcoin uses public-key cryptography to ensure that Bitcoins cannot be double-spent. The network is peer-to-peer, […]
Cryptocurrency such as Bitcoin, Ethereum, Litecoin, and other Altcoins are managed in a wallet, but not stored directly. What is actually in the wallet are the private and public keys, which enable simple access to the addresses and thus to the users holdings. A wallet is not a physical wallet and has no resemblance to […]
Bitcoin’s Emergence: The Genesis Block and Early Adoption Bitcoin’s emergence began with the creation of the Genesis Block, the first block in the Bitcoin blockchain, on January 3, 2009. This block was mined by Satoshi Nakamoto, the pseudonymous creator of Bitcoin, and contained the text “The Times 03/Jan/2009 Chancellor on brink of second bailout for […]
Key Takeaways Benoit Coeuré, the head of the BIS’ innovation hub, has called on central banks to act quickly in response to the rise of cryptocurrencies. Coeuré warned that “stablecoins and DeFi will challenge banks’ models.” The BIS is now more actively encouraging CBDC development by central banks. The head of the Bank for International […]
The governor of Sweden’s central bank, the Sveriges Riksbank, has dismissed Bitcoin (BTC) as an altogether far-fetched alternative to government-backed fiat currencies. Speaking at a banking conference in Stockholm, Sveriges Riksbank governor Stefan Ingves argued, “Private money usually collapses sooner or later.” In a further disparaging remark, he claimed, “Sure, you can get rich by […]
Video transcription Anthony Scaramucci is the CEO and founder of Skybridge Capital, an investment firm with around 7.5 billion dollars under management. He also briefly served as the white house director of communication during the trump administration. Last year, Skybridge capital launched its first Bitcoin fund with an initial investment of 25 million dollars. […]
Samia Suluhu Hassan, the president of Tanzania, is striving to embrace cryptocurrency with open arms. This move follows that of El Salvador adopting Bitcoin as legal tender. No doubt the World Bank will not be happy with yet another developing nation jumping on crypto. However, when large swathes of your population is unable to take […]
We spend a lot of our lives chasing money in order to make a living and achieve our goals, but money is also a destructive force. Some might even call it bad. Cash, according to others, motivates criminals to cheat, steal, and even kill. Money is a source for both the best and worst elements […]
Keeping your cryptocurrency in the exchange where you bought it, be it Kraken, Coinbase, or Gemini, is inherently dangerous. Most of us will dip a toe into the crypto markets by visiting one of these markets and buying a few hundred dollars in currency. But then what do you do with it? Well, you can […]
Understanding the Different Types of Crypto Wallets and How to Choose the Best One Cryptocurrency wallets are essential for anyone looking to store and manage their digital assets. With the increasing popularity of cryptocurrencies, it is important to understand the different types of wallets available and how to choose the best one for your needs. […]
Yes, this really works. It’s not that hard either. It’s actually a lot of fun, to be honest, I started using the trading bot a few weeks ago and I’m already profiting. I’m surprised more people aren’t doing this. I’d just like to add my story, I think others would like to hear it. I […]
With InstantPay for Bitcoin Cash, payments move faster than Visa, Mastercard, and any cryptocurrency wallet out there. Simply set your spending threshold, scan the QR code, and your payment will auto-complete in an instant. What is Bitcoin Cash? Bitcoin Cash is a digital currency forked from the Bitcoin network in late 2017 with the goal […]