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, called altcoins, 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’s Rally Simplified After the Infamous Hard Fork
September 20th, 2017

Last month’s much spoken hard fork has seen Bitcoin price rally to reach new all time high of $5000. Let’s try to understand the possible reasons behind the rally and the future prospects for Bitcoin and Bitcoin Cash – forked version of Bitcoin.

Bitcoin Is Trading at $4,000 Despite Bridgewater’s Ray Dalio Calls It a ‘Bubble’
September 20th, 2017

Ending a range of downturns Bitcoin recovers, despite Ray Dalio, Bridgewater Associates’ founder, calls it “a bubble”, and Jamie Dimon, CEO of J.P. Morgan, recently declared it a “fraud”.

Vitalik Buterin Says Ethereum Will Equal Visa in Scale in a ‘Couple of Years’
September 19th, 2017

The founder of ethereum blockchain believes the network has the potential to rival such giant financial companies as Visa in the next couple of years.

Aliant Payment Systems Teams Up with BitPay to Process Bitcoin Payments
September 19th, 2017

The new alliance will bring merchants the possibility to accept payments in the form of bitcoins.

India Wants to Issue Bitcoin-Like Cryptocurrency Backed by Central Bank
September 18th, 2017

Indian authorities are discussing the proposal to set up state-cryptocurrency ‘Lakshmi’ based on blockchain technology and backed by the Reserve Bank of India (RBI).

Bitcoin Exchanges OkCoin and Huobi Will Stop All Trading Services for Local Customers
September 18th, 2017

OkCoin and Huobi are to stop all trading services for local customers till the end of October putting an end to crypto exchange markets in any form in China.

Troubled Bitcoin Exchange BTC-e Rebrands as WEX but With Old Design
September 18th, 2017

BTC-e trading platform announced its official rebranding and the new exchange domain Wex.nz on September 15. In its welcome statement the company shares the details of the reopening assuring they are fully AML/KYC compliant.

Cryptocurrency’s Future May be Now: Meet AML Bitcoin
September 18th, 2017

The public often feels somewhat split about the new advances in technology – they can be both exciting and daunting. Some inventions enter the mainstream almost overnight, and for others, it takes time to adjust and adopt. One example of such harder to comprehend innovations can be seen in the phenomenon of cryptocurrencies and their rise as a medium of exchange.

China’s Bitcoin Exchange Need to Stop Trading Virtual Currencies Amid Crackdown
September 15th, 2017

Chineese authorities have ordered domestic Bitcoin exchanges to cease trading and immediately notify users of their closure.

OKCoin and Huobi to Meet Regulators Today, Says Litecoin Creator Charlie Lee
September 15th, 2017

Charlie Lee claims that OKCoin and Huobi are meeting regulators today. Whether this would make the two exchanges follow BTCC’s decision to halt trading remains unknown.

Bitcoin Exchange BTCC to Stop ‘All Trading’ from September 30
September 14th, 2017

The first of China’s bitcoin exchanges BTCChina (BTCC) has announced its shutting down the domestic cryptocurrency trading at the end of September. The recently appeared rumors that China is going to ban all domestic cryptocurrency exchanges are becoming reality.

John McAfee Parried Criticism of J.P. Morgan CEO Jamie Dimon About Bitcoin
September 14th, 2017

John McAfee on Wednesday challenged J.P. Morgan CEO Jamie Dimon’s skeptic statement about bitcoin.

Bitcoin is a ‘Bubble’ While U.S. National Debt Passes $20 Trillion for the First Time
September 13th, 2017

J.P. Morgan chief compares bitcoin rally with the tulip bubble while the US has more debt than any point in its history. The amount owed shoots past $20 trillion.