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Cryptocurrencies Surge in Value – Threefold Increase since last year

April J, 2017
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Cryptocurrencies Surge in Value – Threefold Increase since last year The combined market value of bitcoin and other crypto-currencies is now $27bn, representing a threefold increase since the start of 2016, with bitcoin miners having earned more than $2bn since trading in the electronic currency began in 2009. These are some of the findings of a new report the Global cryptocurrency benchmarking study by Dr Garrick Hileman and Michel Rauchs of the University of Cambridge. The authors note that ten…

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Bitcoin Rises Footsie Falls as UK Heads to Snap Election

April J, 2017
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Bitcoin Rises, Footsie Falls, as UK Heads to Snap Election   Theresa May, the British unelected current Prime Minister, has surprised and at the same time excited everyone by all the sudden calling a snap election in what may be an historical two months of campaigning. “It was with reluctance that I decided the country needs this election, but it is with strong conviction that I say it is necessary to secure the strong and stable leadership the country needs…

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Should You Accept Cryptocurrency In Your Small Business?

April J, 2017
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Should You Accept Cryptocurrency In Your Small Business?   Despite the controversy and challenges that occur — small-business owners are embracing cryptocurrencies, like bitcoin. The main reason, according to the more savvy entrepreneurial-types, is that by using the latest technology they can stand out from other businesses. Does that mean that accepting cryptocurrencies is the right fit for your business? It actually depends on your business’s particular situation and needs, but for the most part, cryptocurrencies can offer the following…

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3 Simple Ways for Earning Cryptocurrency From Home

April J, 2017
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3 Simple Ways for Earning Cryptocurrency From Home Cryptocurrencies represent awesome payment systems that enable anyone to send and receive money to and from anyone in the world; convert it to fiat currencies easily and use it to buy whatever one might choose whether online or offline. However, one of the drawbacks of cryptocurrencies is that it can be somehow hard to buy them, especially in selected countries where it is difficult to open a bank account. Throughout this article,…

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Cryptocurrency Creates New Opportunities

April J, 2017
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Cryptocurrency Creates New Opportunities   Over the last few years, the Cryptocurrency industry has been gaining popularity, and for a good reason. With the complexity that goes into making physical dollars, it’s clear now why people are opting to print a new form of currency. Making a digital currency is quite easier for someone with basic coding skills. Most are turning to the internet to gain ground and understand its use and value. Before, the concept was unfamiliar and scary…

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Bitcoin and cryptocurrency on the rise in South Africa

April J, 2017
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  Bitcoin and cryptocurrency on the rise in South Africa   Since the meteoric rise of Bitcoin, cryptocurrency has become increasingly popular across the world. While Bitcoin is the largest and most widely-used cryptocurrency on the market, there are other currencies experiencing steady growth – such as Ethereum and Dash. These cryptocurrencies also use a blockchain, or distributed ledger system, but feature different mining techniques and additional features. Mining is the process of earning cryptocurrency based on the work done…

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Cryptocurrency exchange Kraken adds Dash to Listings

April J, 2017
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Dash, the fifth most valuable cryptocurrency by market cap, has announced its partnership with Kraken Digital Asset Exchange – one of the world’s oldest bitcoin exchanges with the largest selection of digital assets and national currencies. The partnership comes in the wake of a record surge for the cryptocurrency, which experienced a 6x increase in price per ($11 to $72 USD) and a 10x increase in trading volume ($3 million to $30 million USD) across Q1. Dash is now open…

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India sets up high level committee to study cryptocurrency

April J, 2017
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India sets up high level committee to study Cryptocurrency The Indian government will setup a high level inter-disciplinary committee to take a close look at the circulation of crypto currencies in the country. “The circulation of Virtual Currencies which are also known as Digital/Crypto Currencies has been a cause of concern,” said a finance ministry press release on Wednesday. The ministry said that the committee will take stock of the present status of Virtual Currencies both in India and globally,…

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Russian Plans to Legitimise cryptocurrency by 2018

April J, 2017
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 Russia Plans To Legitimize Cryptocurrency By 2018 Russia is a country has never seen eye-to-eye with bitcoin up until now. Several legal proposals have been drafted which could have lead to jail time. Thankfully, it appears regulators have come to their senses, as bitcoin users in Russia no longer need to fear jail time. In fact, the country may turn bitcoin into a legitimate financial instrument as early as next year. This U-turn by Russian legislators has quite a…

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All You Need To Know About Dollar-Denominated Cryptocurrencies

April J, 2017
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All You Need To Know About Dollar-Denominated Cryptocurrencies A well-known obstacle to the greater popularity of Bitcoin as a medium of payment is the high volatility of its exchange value. This volatility results from its built-in quantity commitment: because the number of Bitcoins in existence stays on a programmed path, variations in the real demand to hold Bitcoin must be accommodated entirely by variations in its unit value. When demand goes up, there is no quantity increase to dampen the…

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