Basic Rules for Beginners in Bitcoin Trading There has been a protracted debate on the actual identity of Bitcoin, whether it should be regarded as a currency or a commodity. With reasonable support on each side of the debate based on its inherent characteristics, a huge segment of the ecosystem is of the opinion […]
Ethereum style smart contracts for Bitcoin in June Ethereum has gained a lot of attention over the past year or two as it became the second most valuable cryptocurrency by market cap. The platform enables the execution of smart contracts, a feature coming to Bitcoin in the form of RSK. On a recent episode […]
Bitcoin wobbles as traders turn to other cryptocurrencies It's been a volatile period for Bitcoin investors, as holders of the cryptocurrency prepare for a potential 'fork' in the blockchain. From Friday morning until Monday afternoon, Bitcoin was trading under the $1,000 level, and even fell beneath $900 on Saturday. This is significant as, barring the […]
Will The Bitcoin System Change Drastically in 2017 Bitcoin continues to be as popular as it is volatile. Prices have been fluctuating since the beginning of the year, hitting an all-time high at more than $1,300 per unit a couple of weeks ago. Nevertheless, value has yet to stabilize for a number of factors. The […]
Bitcoin slumps as traders' fears of a "hard fork" Just this month the currency swelled to an intraday high of more than $1,350, but it's come crashing back down as a dispute over the underlying technology threatens to break it into two separate currencies: bitcoin and bitcoin unlimited. Bitcoin transactions are gathered into so-called "blocks", […]
A Regulated Taxable Cryptocurrency Regulatory compliance and cryptocurrency are unlikely bedfellows; paying tax on crypto transactions isn't even in the room. But times are changing. We are seeing a crop of services doing just those sorts of things, leveraging the transparent, immutable nature of distributed ledgers to track and trace cryptocurrencies. Recently the IRS has […]
Bitcoin Can Allow Mobile Payment System What Bitcoin solves… The essence of mobile payment systems is to make the life of individuals comfortable. Mobile payments are supposed to offer clients a convenient method of paying for goods and services while on the go. Since mobile payment solutions were introduced, experts have been saying that mobile […]
Banks in the United Kingdom are turning a deaf ear to bitcoin exchanges, despite the government’s pro-blockchain position, according to financial writer Roger Aitken, writing in Forbes. Unless the situation changes, the banks will undermine bitcoin’s progress and drive Cryptocurrency entrepreneurs out of the banking system. This fact together with the uncertainty surrounding the pound due […]
In May of 2010, someone on a Bitcoin forum by the name of Lazlo claimed to have bought two pizzas for 10,000 bitcoins. It was the first time anyone had purchased anything with the new digital currency, which at that time was valued at practically nothing. Today, the cryptocurrency market is worth nearly $19 billion and those 10,000 bitcoins […]
Recently, the price of bitcoin surpassed US$1,000 for the first time since the first few days of January. It stabilized at the $1,020 margin in most global markets and exchanges. Some regions like South Korea, Japan and China demonstrated arbitrage opportunities, with bitcoin being traded at around 7~8% premium. bitcoin being traded at around $1,100 […]