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The haters & lovers of Bitcoin

If there is one topic in the financial sector that splits opinion, it is Bitcoin. As the premier cryptocurrency, Bitcoin is a big name many love and many hate. The fears around the potential misuse of digital currencies and a possible market crash fuel the haters' doubts, while the Bitcoin lovers point to the truly revolutionary nature of its decentralised structure. Of course, this is not only reflected on an individual level but also in whole countries' outlooks on this cryptocurrency. But just who, in particular, is pro or anti Bitcoin? Bitcoin lovers say hello One of the countries leading...

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Is Your Organisation Ready For Blockchain?

Unless you have been hiding under a rock for the past couple of months, you will know how crypto popularity has significantly increased. When the first, and most popular cryptocoin, Bitcoin was introduced, its aim was to eventually take over from traditional currency, which in turn would then eliminate the need for public banks. This would dramatically change the entire financial sector, and whilst this is a long way off, it isn’t unachievable. So, the big question is, just how prepared is your business for this blockchain technology.  Some businesses are already incorporating this technology into the workplace, whilst others...

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Mining Bitcoin could use more energy than Argentina

Global banking giant Morgan Stanley has predicted in a memo to its customers that the mining of Bitcoins could use up more electricity throughout 2018 than the country of Argentina. Bitcoin mining is the energy-intensive method by which the cryptocurrency both tests and validates transactions in which it has been used, as well as creating new coins. The process involves users confirming the veracity of payments made with the digital currency, forming a stable and reliable ledger of transactions which supports Bitcoin’s reputation as a safe and secure form of payment. In return for completing this verification service (such verified...

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An easy way to start your own Bitcoin alternative

Bitcoin has been the wonder of the financial world over the last 12 months, with its monumental increase in value triggering an unprecedented interest in cryptocurrencies from both investors and developers. As the leading face of the digital currency revolution, it has inspired the creation of hundreds of imitators, with new altcoin brands being created on a near-constant basis. There are currently hundreds of cryptocurrencies in existence and, yet, if CoinMarketCap is to be believed, over 80 of them were listed within the last month, following the recent significant spike in Bitcoin’s fortunes. Since it is nowhere near as difficult...

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Will Bitcoin Ever Become A Global Currency?

Bitcoin was originally developed with the hope of eventually eliminating the need for conventional currency and traditional banks. Whilst cryptocurrencies, and in particular Bitcoin, have grown significantly in popularity, they have not become as mainstream as perhaps people thought they would do. This has led people to ask the question as to whether it ever will. Warren Buffet, Oracle of Omaha has doubt that this will happen and feels that it might end badly for Bitcoin. He believes that there are a number of reasons behind this. All cryptocurrencies on the whole trade against each other, as opposed to with...

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