Hot Topics

Advertisement

Advertisement

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...

Read More

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...

Read More

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...

Read More

Ethereum Outperforms Bitcoin!

Despite Bitcoin having a great end to the year, it has failed to stay about $16,500, and on Coinbase, one of the largest exchanges in the US is currently trading Bitcoin at $14,800. This has not been helped by the fact that Microsoft announced that they would stop accepting Bitcoin as a payment method. The coin that has been standing out over the past few days has undoubtedly been Ethereum, which was recently pushed out of the second position of the largest crypto by market capitalisation, following the surge of Ripple. Ethereum has a daily volume of around $7billion, which...

Read More

Bitcoin Set To Double In 2018

Tom Lee, one of Wall Street’s biggest Bitcoin followers has said that the popular cryptocurrency could easily double, or even triple in the coming year ahead. Lee, who is the co-founder and head of research at Fundstrat Global Advisors, said, back in August 2017 predicted that Bitcoin’s rally above $10,000 and said that the popular cryptocurrency would outperform equities through the end of the year. This prediction was spot on, as Bitcoin rallied to early $19,800 in December. Although the price of the coin has fallen slightly since, Lee is still predicting good things for the cryptocurrency. He said; “Even...

Read More