Crypto News and Investment

An Australian man has recounted his story to  local media  of losing what would today be more than a seven-figure dollar sum of bitcoin, stressing that such should serve as a warning against storing one’s bitcoin’s keys on a cheap storage device. Also Read:  Australian Tells Story of Throwing Away Hard Drive With 1400 Bitcoins Alex Mined Bitcoin in Late 2009 When Alex began mining bitcoin, he was doing so out of technological curiosity and did not think that bitcoin would see meteoric price gains. Alex recounts “In the tech community we didn’t think bitcoin would be that big,” stating that he “got into [mining] just for fun… It was just applying our PC hardware to a global network, something novel. In the early days of GPU [graphics processing unit] mining, a single card could mine quite a few coins per day.” Alex chose to store his wallet file on his USB stick, and did not think about his bitcoins until discovering that the price had reached nearly $1000 USD ...

There is often public misconception that Bitcoin is mostly used by criminals, but nothing could be further from the truth. This is mainly because many people think Bitcoin is anonymous, when in fact it’s the opposite - all Bitcoin transactions are transparent for the whole world to see. People might not be able to link the identity to Bitcoin right away (that is also why it is sometimes called ‘pseudo anonymous’), but once they do, they can track everything you’ve ever done on the Bitcoin network. This makes it a particularly bad tool for illicit use. While Bitcoin might actually turn out to be one of the safest and least ‘bad’ ways to use money, it doesn’t mean that criminals don’t use it. Just like normal money, they do. But there are two important things to note - firstly, that as more data becomes available in the industry, the more it is becoming clear the number of bad uses is very, very minute - if the entire Bitcoin ecosystem is represented by a big mountain, the size of...

Many people wonder how the price of Bitcoin is calculated, but it’s important to remember that it works no different than it would with other currencies or objects. Let’s first look at how the prices of most things are derived - we can use oranges as an example. What is the price of an orange? Well, it depends. As a starting point, one would derive the price of an orange based on two things: how much someone is trying to sell it for, and how much another person is trying to buy it for. If John wants to sell it for USD2.50 and Sarah is only prepared to pay USD2.00, there is no deal. But if they agree on a price that works for both, let’s say USD2.25, then the transaction will happen. If it’s winter there might be more people wanting to buy oranges, so the price will go up. Or if there is a drought the supply of oranges will become less, so more people are trying to buy less oranges, which can also drive the price up. Bitcoin and other currencies are a bit different from oranges ...

The positive Bitcoin price momentum is still in place as we speak. Thanks to some strong gains over the past few days, we are looking at a Bitcoin price of over $11,800 right now. It is only a matter of time until this value surpasses $12,000, which would send some shockwaves throughout the financial sector. The world’s leading cryptocurrency is not done just yet, that much is evident. Things have been especially interesting over the past 24 hours, with a near $1,000 gain across all exchanges. This growth is nothing short of remarkable and astonishing, although it may very well be just the beginning for Bitcoin. Some experts predict a Bitcoin price of around $40,000 - $100,000 by late 2018. source:  themerkle.com True be told, invest early to this great opportunity to reap the reward later. Start your investment now as an early bird. Register through this link to get 10% your money back

This is the best opportunity a man could get if he start investing now as more forecast it could go up as high as $100,000 by the end of 2018. According to an article on  Cointelegraph , Bitcoin will continue to soar high as much as $100, 000. His own words: “Bitcoin will dominate and lead crypto going forward. Hundreds of obituaries have been written about Bitcoin and none of them have come true and none will. Fact is, Bitcoin is a gift from God to help humanity sort out the mess it has made with its money.” Invest in it now to be sure of a happy reward. You can invest in as little as $100 and watch as your investment grows, but mind you, a good investment with a profitable returns takes time. So only those who have patience are to invest. 

Many people wonder how the price of Bitcoin is calculated, but it’s important to remember that it works no different than it would with other currencies or objects. Let’s first look at how the prices of most things are derived - we can use oranges as an example. What is the price of an orange? Well, it depends. As a starting point, one would derive the price of an orange based on two things: how much someone is trying to sell it for, and how much another person is trying to buy it for. If John wants to sell it for USD2.50 and Sarah is only prepared to pay USD2.00, there is no deal. But if they agree on a price that works for both, let’s say USD2.25, then the transaction will happen. If it’s winter there might be more people wanting to buy oranges, so the price will go up. Or if there is a drought the supply of oranges will become less, so more people are trying to buy less oranges, which can also drive the price up. Bitcoin and other currencies are a bit different from oranges ...

The price of Bitcoin surged by as much as 10% on the  Zimbabwean  exchange Golix in mid-November 2017 after the military successfully staged a coup d'état. The country is already known not to have a strong economy; Zimbabwe’s  peak month of inflation  was November 2008, when the rate of inflation hit an estimated at 79.6 billion percent. Based on data from the Golix  website , Bitcoin’s price  has skyrocketed  to up to $13,499 in the country, nearly double its rate in the international markets. As of November 15, Bitcoin was trading at $13,010 in the country’s capital Harare. Crisis in Zimbabwe and its effect(s) on Bitcoin The Zimbabwean army assaulted Harare on November 14 following a week of confrontation with the administration of President Robert  Mugabe . According to the army, the move was aimed at preventing an expected violent and deadly civil war in the country. Mugabe has been the country’s head since 1980. Due to the politic...

Bitcoin price  continues to delight investors Monday as the most popular virtual currency breaks and stays above $8,000. The latest milestone for Bitcoin, which came following news the  first Bitcoin-to-Litecoin  Lightning Network ‘atomic swap’ successfully debuted, caps its comeback after Bitcoin Cash volatility. BTC  currently has a market cap of almost $134 bln against a cross-crypto combined cap of just under $240 bln, both numbers representing new records. Bitcoin’s dominance has also recovered over the past few days to top 56 percent of the market after struggling to maintain supremacy as BCH caused  considerable fluctuations . BCH itself has come down off previous highs to languish around $1,200 - around 50 percent of its best prices. Staunch proponents of the Bitcoin fork as the ‘real Bitcoin’ are currently locked in a  forking battle  of their own as two strands of BCH emerged last week. The product of a “malicious fork,” Bitcoin...

There are a number of ways you can get Bitcoin: Just like traditional money, you can earn it by providing goods or services, and asking for people to pay you in Bitcoin rather than in traditional money. This is often a cheaper and easier alternative to other payment methods and one of the easiest ways to get your hands on some Bitcoin. Another way is how most people get their Bitcoin: buy it from a credible Bitcoin broker or exchange provider, like Luno. This is similar to how you would buy foreign currency at your bank or shares online. This is often the easiest way to get Bitcoin because you are virtually guaranteed that someone will be willing to sell their Bitcoin to you on such a platform. You can also get Bitcoin by mining for it, but this has become very difficult to do for the average person. Most mining is now done by huge companies with very expensive and highly specialised equipment, which a typical person or computer cannot compete with. So unless you have a lot ...

The bitcoin price has increased to over $6,550, after dipping below $5,600 on November 12. Analysts have attributed the recent increase in the price of bitcoin to CME Group’s confirmed launch of its bitcoin futures exchange by the second week of December. Over the past two months, several high profile investors including billionaire hedge fund legend Mike Novogratz emphasized that a rapidly growing number of institutional and retail investors are preparing to engage in bitcoin and invest in the market. Most of the large-scale hedge funds and institutional investors can only invest in assets and stores of value with high liquidity, because in most cases, they are required to allocate tens of millions of dollars in minimum. In the past 12 months, the liquidity of bitcoin as increased substantially along with its market valuation, attracting the interests of institutional investors. In the upcoming months, upon the launch of CME’s bitcoin futures exchange, infrastructure around...

The internet has changed the way people live and do business, and is arguably one of the biggest advancements in human history. What many people don’t realise is that the internet we know today might never have happened at all because there were a number of ‘rival’ ‘internets’ being built at that time. These were specific companies that wanted to connect all the computers in the world and share information, but do it on their own system, so that people had to pay to access their own ‘information superhighway’. The modern internet was different in that it was, by design, an open system that anyone could use as they please, and it wasn’t owned by anyone, so no gatekeepers. This lead to something called ‘permissionless innovation’ - people can try and test new things without needing access granted by some gatekeeper. This lead to an explosion of innovation and adoption of the ‘open’ internet, and is the reason the internet is so pervasive today. The design also means that most parts...

Over the centuries, gold has been considered as an object of value by many different groups of people all over the world. It’s important to note that gold in itself has no value - it’s just a piece of shiny metal. Its value comes from the (somewhat perplexing) fact that everyone just agreed that it has value, and therefore it becomes valuable. The reason they chose gold versus other objects is important - gold has certain characteristics that make it a better ‘store of value’ (as it is commonly known) than other objects: For one, it is rare, which means it has limited supply(there is only a certain amount of gold in the world - if it was too abundant everyone would have it and then it would have no value). It is malleable (it can be melted and made into smaller units i.e. coins, and importantly the per unit value doesn’t change when you break it into smaller pieces, unlike things like diamonds). It is stable and doesn’t degrade, it’s easy to recognise and very importantly, diffi...

How did we transfer money thousands of years ago, when we all still lived in little villages and knew and trusted each other? We simply exchanged things with each other, as we still do with cash today. But when money moved online things got a bit trickier, and the way the banks and credit card systems dealt with this was to create a ‘ledger system’ – basically records of account showing who owns what. For example, if John wants to transfer $100 to Sarah online, the bank moves the money from John to Sarah. John cannot do it himself because there is a risk he might cheat – he can copy and paste the digital money (it’s only numbers on a computer after all) and send the $100 to two different people; nobody would know. Instead, we trust the bank to send the money and make sure it’s only sent to one person. Now, the bank can also cheat, but we trust them that they don’t. If the transfer is between two accounts at the same bank, it’s easy to transfer, but if it’s between two differe...

A  cryptocurrency  is a digital asset designed to work as a medium of exchange using cryptography to secure the transactions and to control the creation of additional units of the currency. Simply define,  Cryptocurrency is a form of digital money that is designed to be secure and, in many cases, anonymous.   It is a currency associated with the internet that uses cryptography, the process of converting legible information into an almost uncrackable code, to track purchases and transfers.  Cryptocurrencies are classified as a subset of digital currencies and are also classified as a subset of alternative currencies and virtual currencies. Cryptography was born out of the need for secure communication in the Second World War. It has evolved in the digital era with elements of mathematical theory and computer science to become a way to secure communications, information and money online. Bitcoin, created in...

Since its creation in 2009, Bitcoin and many other digital currencies have rapidly gained popularity. Today, all over the world, it's not uncommon to overhear people chatting about digital currency or related topics. The Cryptocurrency for Investment blog is an excellent starting point. Here, we've gathered useful info about the basics of digital currency to help newcomers and complete beginners satisfy their curiosity and orientate themselves about the digital currency phenomenon. Each article can be read in isolation and explains one concept about digital currency. After reading from this blog, you should feel more comfortable with digital currency and hopefully better equipped to join the conversation Sign up with this link to receive 10% money back