Bitcoin – The Future of Money
Technology has changed the world around us, penetrating into our daily lives to such an extent that it’s now difficult to imagine the world without it. The financial industry has been particularly impacted by digital advances, going from banknotes to credit cards to Bitcoin in just a few decades. But is Bitcoin really the future of money? Or is it just a fad destined to go away when some other form of electronic cash appears? To answer these questions, we must first take a closer look at the evolution of money to see its possible future. The Evolution of Money The evolution of money is long and winding, but most […]
The royal commission sparked anger at the big banks. Bitcoin’s not the only alternative.
In the wake of the banking royal commission, many people are fed up with the big institutions, and are hunting for alternatives. But the growing number of options — everything from stashing your money under the mattress to investing in cryptocurrency or switching to a credit union — can be pretty overwhelming. And if you’re thinking of completely ghosting your bank, it might not really be feasible — yet. “In Australia our entire payment system is mediated through the major banks … essentially you have to go through a bank to pay for anything,” says Brendan Markey-Towler, an economist and researcher with RMIT’s Blockchain Innovation Hub. But, he adds: “Watch […]
Five Steps to Being a Confident and Smart Bitcoin Investor
The crypto-economy may seem like a dangerous place with little to no guarantees and many traps one can potentially fall into, but that’s actually not true at all. Everyone can choose what kind of investor they want to be and how much risk they’re willing to accept. In this article, we explain how you can become a confident and smart Bitcoin investor in just a few simple steps to give you an early start on your cryptocurrency journey. To read all about it, please click on the link below… Source: Digital Surge – Five Steps to Being a Confident and Smart Bitcoin Investor
Valentine’s Day for start-ups: The perils of dating the co-founder
Aleks Svetski and Chantelle de la Rey, co-founders of digital currency exchange Amber, observe a rule: they don’t call each other babe at work. The pair had been dating for four months when they founded their company in late 2017. While scaling the business in a highly volatile market, the couple agreed to a series of measures – from keeping Sundays work-free to separating how they communicate at work and home – to protect their fledgling relationship. “These things are never smooth. We’re in a relationship and on a crusade to help more people get access to bitcoin,” Mr Svetski said. Amber, which swaps spare change from daily purchases to […]
Has Bitcoin entered a new normal?
Bitcoin has been experiencing low volatility recently, which could fuel greater adoption by enabling the cryptocurrency’s use as a medium of exchange. As for whether this will actually materialize, analysts have offered mixed views. Nigel Green, founder and CEO of independent financial consultancy deVere Group, forecasted that bitcoin’s modest price fluctuations will probably prompt greater use of the digital currency. While the digital currency’s price fluctuations have been “relatively modest” as of late, “volatility will return again,” he predicted. “However, there is a growing sense that crypto sector will have less extreme swings moving forward,” emphasized Green. “This is likely to further drive mass adoption.” To read more, please click on the link below… […]
Twitter founder Jack Dorsey: Crypto will deliver a global currency
Jack Dorsey has a lot of thoughts and plans for cryptocurrency. In a February 2 interview with Joe Rogan, the Twitter founder and CEO had a lot to say about the topic. In a wide-ranging interview that covers topics of censorship, app development, politics and other topics, Rogan steered the conversation towards Dorsey’s Cash App, which allows users to buy and sell Bitcoin Core (BTC). Rogan asked why Dorsey’s team introduced cryptocurrency exchanges in the app. Quite simply, Dorsey believes in a future of one global currency, if it is or isn’t BTC, and that starts in small steps. He said: “I believe the Internet will have a native currency […]
What will new tech mean for crypto in 2019?
Ten years on from the emergence of Bitcoin, there is no doubt that crypto and blockchain technology have made a massive impact. However, many forward-thinking observers still believe that digital tokens and the processes behind them have a long way to go. New systems and ways of doing things are emerging all the time, and this year, there are plenty of developments on the cusp of debuting online. A greater public awareness and more widespread adoption is on the cards, with the world of established financial institutions continuing to make moves and government-level discussions about the future of crypto also taking place. With many insiders predicting a wide range of […]
A faster, more efficient cryptocurrency
MIT researchers have developed a new cryptocurrency that drastically reduces the data users need to join the network and verify transactions — by up to 99 percent compared to today’s popular cryptocurrencies. This means a much more scalable network. Cryptocurrencies, such as the popular Bitcoin, are networks built on the blockchain, a financial ledger formatted in a sequence of individual blocks, each containing transaction data. These networks are decentralized, meaning there are no banks or organizations to manage funds and balances, so users join forces to store and verify the transactions. But decentralization leads to a scalability problem. To join a cryptocurrency, new users must download and store all transaction […]
