Cryptocurrencies

A cryptocurrency is a medium of exchange using cryptography to secure the transactions and to control the creation of additional units of the currency. Cryptocurrencies are a subset of alternative currencies, or specifically of digital currencies.

Bitcoin became the first decentralized cryptocurrency in 2009. Since then, numerous cryptocurrencies have been created. These are frequently called altcoins, as a blend of bitcoin alternative. The most popular altcoins now (August 2016) – Ethereum, Steem, Ripple, Ethereum Classic, Litecoin, Dash, Dogecoin.

Cryptocurrencies use decentralized control as opposed to centralized electronic money/centralized banking systems. The decentralized control is related to the use of bitcoin’s blockchain transaction database in the role of a distributed ledger.

Bitcoin Startup Paxful Launches Bitcoin-Based Affiliate Contest, Gives Away 10 Bitcoins
January 11th, 2017

The contest that will last for a month is expected to promote bitcoin as a business opportunity.

Bitcoin Price Falls 10% as China’s Central Bank Starts Investigation of Exchanges
January 11th, 2017

China’s central bank unveiled plans to more closely inspect operations of digital currency exchanges in an effort to curb the yuan’s outflow.

‘Winklevoss Bitcoin ETF Decision Is Expected by March 11, But Approval Likelihood Is Very Low,’ Say Analysts
January 11th, 2017

The analysts underlined that there is no particular reason for the SEC disapproval, it is just a mixture of fear, uncertainty and doubt that can make the approval process difficult.

Bitcoin is Declining as Chinese Government Decides to Crack Down on Bitcoin Exchanges
January 10th, 2017

Bitcoin price demonstrated a sharp drop on Friday after the central bank of China warned users of the threats associated with the investment in digital currency.

China Looks to Stem Outflows as Authorities Zero In On Bitcoin
January 9th, 2017

The Chinese government seriously intends to keep its money at home.

China Central Bank Pushes For Rational Investment in Bitcoin
January 6th, 2017

The People’s Bank of China emphasized that bitcoin is not a currency and can’t circulate in the market as a real currency.

Bitcoin Price Dropped About 22% Yesterday, Currently Trading at $1000 Level
January 6th, 2017

The current price slump is strongly connected with attempts of China to shore up the yuan.

Bitcoin Price Breaks All-Time High on Chinese Exchanges, Currently Trading at $1275 Level
January 5th, 2017

Bitcoin has gained 123% in 2016, making it the top performing currency for the second year in a row.

BitFury Group to Launch Global Blockchain Business Council (GBBC) in Davos This January
January 5th, 2017

Blockchain technology company Bitfury Group together with international law company Covington will launch a new blockchain advocacy group later this month.

Microsoft to Add Bitcoin Native Support to Excel on Desktop and Mobile This Year
January 4th, 2017

While bitcoin price continues to grow, IT giant is preparing to add native support for cruptocurrency format on its Microsoft Excel program in 2017.

Bitcoin Price Passes $1,000 in First Day of 2017, Highest Level in More Than 3 Years
January 3rd, 2017

Bitcoin offers instant and anonymous transactions, which made the cryptocurrency gain increased popularity in 2016.

Bitcoin Price is Going to $1000, Currently Trading at $968 Level
December 29th, 2016

Bitcoin is continuing its end-of-the-year bull rally, with the cryptocurrency price demonstrating its best performance over the last three years.

IRS Fires Back In Coinbase Case as It Seeks Access to Bitcoin User Data
December 28th, 2016

The IRS responds to the motion of Coinbase’s user asking the court to allow the tax agency proceeding with its “John Doe” summons.