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 Price Sets a New All-Time High, Currently Trading at $1,320 Level
April 28th, 2017

Once the SEC unveiled its intention to review the refusal of the Winklevoss Bitcoin Trust, Bitcoin started its upward movement.

Bitcoin Casino BitStarz Pays Out Two Massive Wins of Total $100K Over 2 Days
April 27th, 2017

Hardly had BitStarz paid out $50,000 last week, than one more lucky beggar left the casino with the gain of $47,000.

Bitcoin Price is Close to Its All-Time High After SEC Says It Will Review the Winklevoss ETF Rejection
April 26th, 2017

Bitcoin easily recovered after the SEC clogged more-than-three-year efforts of investors Cameron and Tyler Winklevoss to bring the Bitcoin ETF to market.

Coinbase Launches Developer Preview of ‘Token,’ a Browser for the Ethereum Network
April 20th, 2017

Token was developed to provide universal access to financial services to help more than 2.5 billion people who do not have an account at a financial institution.

After BitFinex, Chinese Bitcoin Exchange OKCoin Stops Wire Transfers
April 19th, 2017

China’s major cryptocurrency exchange OKCoin has stopped accepting USD deposits, a day after the Hong Kong-based cryptocurrency exchange Bitfinex suspended wire transfers.

Bitcoin Exchange Bitfinex Starts Pausing Wire Deposits
April 18th, 2017

Several days ago, Bitfinex announced delays in the processing of outbound USD wires while now warned customers to avoid sending incoming wires as far as they could not be processed.

Ukraine Partners with Bitfury to Put All Governmental Data on Blockchain
April 14th, 2017

Ukraine aims to create an entirely new ecosystem for state projects based on the blockchain technology.

Russia Plans to Legitimize Bitcoin by 2018, Says Country’s Deputy Finance Minister
April 11th, 2017

The country’s Deputy Finance Minister unveiled that bitcoin may soon become a legal payment method, only a year after the Russian authorities threatened cryptocurrency users with jail time.

Bitcoin Price Can Reach $500,000 by 2030, Says Snapchat’s First Investor
April 10th, 2017

Jeremy Liew and Peter Smith predict a great future for Bitcoin in their latest research.

Major Japanese Retailers to Start Accepting Bitcoin Payments Thanks to Legalization
April 5th, 2017

Starting today, Bic Camera and Recruit Lifestyle will cooperate with bitcoin exchanges to add cryptocurrency payment option.

Kim Dotcom Previews ‘Bitcontent’, a New Bitcoin Venture for Content Uploaders to Earn Money
April 5th, 2017

The controversial internet businessman is preparing to roll out a new platform to enable content creators earn bitcoins for sharing their files.

Cryptocurrency Exchange Bitfinex Buys Back All Outstanding BFX Tokens at Full Value
April 4th, 2017

As soon as the 30-minute process is completed, all 100% of currently issued and outstanding BFX tokens will be redeemed.

Bitcoin Becomes Legal Payment Option in Japan, Price Rises to $1136 Level
April 3rd, 2017

The recognition of Bitcoin in Japan is good news for the global cryptocurrency ecosystem as it may drive demand and price.