Bitcoin enthusiasts see end to bear market
After a brutal bear market that’s stretched 16 long months, Bitcoin enthusiasts are ready to declare that the dreaded “crypto winter” is finally at an end.
Sending money overseas with Bitcoin
Bitcoin has a lot of uses in real life. It makes payments much easier by allowing people to pay from anywhere in the world. In that sense, it also helps the e-commerce industry. It allows business owners to expand their market reach and add another mode of payment. Another real-life use is Bitcoin’s ability to preserve wealth. Countries with struggling economies can use bitcoin to preserve the value of their native currencies. With all those real-life uses, we have yet to mention the one that stands out the most: remittances. According to a report on Clovr, cryptocurrencies take 15.8% of the total money being sent across the world in 2018. […]
Next bitcoin halving is attractive for investors, says top asset manager
Now is the right time for investors to create their core strategic positions in bitcoin, says a top asset management firm. New York-based Grayscale Investments, backed by Barry Silbert’s Digital Currency Group, published an evaluative report detailing the historical correlation between bitcoin halving events and its price. The firm used those metrics to predict how the bitcoin price would react to the next halving event, which is going to take place on May 24 next year. In retrospective, miners contribute computational power to confirm blocks on the Bitcoin network and add them to its public blockchain. The system automatically rewards them with newly issued bitcoin tokens. This reward, according to […]
Bitcoin vs. Ethereum – What’s the Difference?
Bitcoin and Ethereum are two of the largest cryptocurrencies. They are part of the first and second generation of blockchain and cryptocurrencies, these two projects have gone through various difficulties and remained the most dominant crypto assets on the planet. However, there are differences which exist. Bitcoin and Ethereum are two crypto projects with different ends and different means. Let’s understand this. The Creator The creator of Bitcoin is Satoshi Nakamoto, a pseudonym used for a person or a group, which has never been identified. Nakamoto is best identified for his Bitcoin whitepaper “Bitcoin: A Peer-to-peer Electronic Cash System.” Some people have claimed to be Nakamoto in the past, but […]
Do start-ups stand a chance in the face of ‘crypto winter’?
Cryptocurrencies have lost more than $400 billion from their global market cap over the past 12 months, but despite this Australian start-ups remain determined to weather the fallout from “crypto winter”. “The best time to build something is where there’s a lull in the market,” says co-founder of cryptocurrency investment app Amber, Aleks Svetski. Market tracker CoinMarketCap says the past year of volatility sliced the global value of cryptocurrencies from $610 billion to $190 billion. In the US and Europe, entrepreneurs are questioning whether they can make start-ups in the space work long-term and the phrase “crypto winter”, to describe the freezing up of both growth and enthusiasm, was born. The […]
Binance will let you buy Bitcoin with cash from 1,300 stores in Australia
Binance says cryptocurrency fans in Australia will soon be able to purchase Bitcoin from over 1,300 supported Newsagents across the country. The new service, “Binance Lite,” marks the first time the Malta-based exchange has managed to open a fiat gateway in Australia. While it will only support buying Bitcoin at launch, press materials say more digital currency and fiat options will be added in the future. “Binance Lite Australia further expands digital currency adoption by providing easier ways to buy [Bitcoin],” said Wei Zhou, Binance CFO. “Australia has been at the forefront of blockchain innovation, and we hope Binance Lite Australia can play a role to help further this cause.” Once users […]
Australian house to go under the hammer in world-first cryptocurrency auction
In a world first, Australia will host a live auction in which bidders are being asked to pay not in cash, but in cryptocurrency. The “Jetsons house”, a futuristic-style beachfront home in northern NSW, will be auctioned on April 8, with interested bidders able to buy the luxury property using either Bitcoin or Binance Coin cryptocurrency. Cryptocurrency is a decentralised digital cash system – the technology behind it lets users, in this case bidders, to send currency directly to others without going via a third party like a bank. The futuristic home is expected to fetch 700-800 bitcoins, or $3.5 million, when it goes under the hammer. Bidding will be […]
Regulatory regime for initial coin offering on the cards
The federal government is considering regulating initial coin offerings, a niche form of private fundraising for the technologically sophisticated developer community, in a move that could give blockchain-based start-ups an alternative to traditional capital raising. With ICOs around the world largely unregulated, they are considered the “wild west” of capital markets where scams and fraud are rife. But a growing list of global regulators and governments consider regulation could bring advantages, including providing a faster, lower-cost form of fundraising – an alternative to initial public offerings, venture capital, crowdfunding or bank loans – for entrepreneurs wanting to retain full equity in their start-ups. Unlike an IPO or venture capital raising, […]
