Hot Topics
Coin Gecko

Advertisement

Advertisement

Blockchain Technology Applications

Blockchain technology is the building block behind every cryptocurrency. Digital currency experts believe that it is the technology that is actually responsible for the wider acceptance and popularity of cryptocurrencies. And they’re right: blockchain technology is what adds real value to currencies like Bitcoin, Ethereum and Ripple. How Does Blockchain Work At its core, Blockchain is a decentralized database of records, or entries, made over a period of time. This record of transactions is publicly available and can be checked anytime for accuracy. It is also continuously updated by a P2P network. When there is a query made for a...

Read More

Future Panic Cycles In The Stock Market May Reshape The Cryptocurrency Markets

Picture a day a few years from now, we’ll say September 2021. The stock market is in panic again due to another crisis like the one seen in 2008. Another big bank, lending or insurance company is making headlines for it’s role in some kind of large scale illicit activity that benefits the few and robs the majority further into massive amounts of debt as the government comes to the rescue once more with your tax money, and an all too familiar pledge for better days ahead for all. But this time, it is different. This time, the people start...

Read More

Venezuela Launches Own Bitcoin

Venezuela have announced that they will launch Petro; their own cryptocurrency in order to help the country’s failing economy. The government have said that every Petro coin will be backed by the value of a barrel of oil, and plans to circulate 100 million Petro coins, in order to raise $6billion. The president, Nicolas Maduro said; “Petro is born and we are going to have a total success for the welfare of Venezuela.” However, his optimism is not shared by all and opposing politicians argue that the virtual currency is actually illegal. This is because the country’s constitution states that...

Read More

Japanese Exchange Gives Bitcoin Away Free

One cryptocurrency exchange in Japan inadvertently gave away free Bitcoins for approximately eighteen minutes. Zaif, an exchange that is operated by Osaka based Tech Bureau Corp revealed the blunder in a statement, where they revealed that a technical error was to blame, and that this had allowed many traders to purchase Bitcoin for 0 Yen, a fantastic deal when you consider that its market value is 1.2 million Yen. The glitch happened last week and lasted for eighteen minutes. Seven customers thought their luck was in when they could purchase the Bitcoin for the free rate, but before you think...

Read More

Bitcoin Mining Will Have A Net Positive Effect On Energy Production And Usage Efficiency

Transition is always messy and often painful, whether we’re talking about the switch from the kind of horsepower with hooves to the kind with tires — or the birth of a profoundly transformational technology like Bitcoin. For Bitcoin, one transitional pang is its gargantuan appetite for energy. Electricity powers the computers that capture, verify and store the Bitcoin distributed ledger at thousands of mining nodes around the world. Critics like to point out that those mining operations use as much energy as a small country. They repeatedly point to a list of countries whose energy usage is roughly on par...

Read More