What would be the reasons for the unpredictable price variations of Bitcoin? There are millionaires who appear to not know about this major issue.
In reality, every cryptocurrency blogger would have their set of arguments. But, aren’t we all tired of reading really long articles where they express their opinions based on freedom of thought?
So, let’s cut to the chase and identify the theories which could have shaped their thoughts.
Continue reading 3 Major Theories Behind Bitcoin Volatility
On January 9, 2018, Tom Lee spoke optimistically of Bitcoin in an interview with CNBC, expressing his opinion that the digital currency could “easily double” in value over the course of the year.
Here’s what the expert investor and co-founder of Fundstrat Financial Advisors had to say:
“I still think it’s pretty early days for investors to really appreciate how much development and actual use cases are being built around Bitcoin and blockchain, so I think the volatility we’re seeing is really just a price discovery process.”- Tom Lee
At the time of the interview, Bitcoin was down 25 percent since its highest point near $19,800 in December 2017. It has since dropped a further 25 percent, reaching a low under $10,000. The price of Bitcoin has since recovered reasonably and is trading at $11,680 at the time of writing.
Continue reading Tom Lee “Aggressive Buyer” during Bitcoin Major Low
If you’re a crypto investor currently residing in South Korea, the past few days must have been quite a turmoil. Especially after the senior minister in the federal government went on record saying that an outright ban approach on cryptocurrency trading was still very much a “live option.”
Expectedly, the minister’s comment created panic among a sizeable chunk of the investor community who then went on selling off their crypto holdings in anticipation of an imminent crackdown. However, now it turns it out that the panic was probably more of an overreaction as the government has since virtually ruled out an outright ban in the immediate future.
The South Korean Office for Government Policy Coordination issued a statement on Monday hinting that the crackdown on crypto assets won’t necessarily come imminently.
Continue reading South Korea’s Government Switches To A Softer Stand On Cryptocurrency Ban
Vladimir Putin has shaken up the status quo with a unique and undoubtedly brilliant take on things, in this case, the cryptocurrency market.
The president of the Russian Federation has proposed nothing less than a multinational cryptocurrency, with the express purpose of forging a connection between the world’s emerging economies.
Continue reading What Will Be the Impact of Putin’s Proposed Multinational Cryptocurrency?
Right off the bat, this article has no intention of digging deep into the legal nature of cryptocurrencies or deconstructing specific national regulations, but rather it strives to paint a general picture of the regulatory approaches undertaken by governments all over the world, and the problems they’re currently facing.
More importantly, it aims to equip you with sufficient knowledge of the legal intricacies surrounding Distributed Ledger Technology frameworks, so you can get a general sense of the direction which government regulators are taking in regard to cryptocurrencies and distributed ledger technology.
Hopefully, this will allow you to better manage your expectations and predictions about the pace and direction this stochastic industry is about to take in its future development.
Continue reading An Introductory Guide to Cryptocurrency Regulation
On August 24, 2017, an expansion of the Bitcoin network to enable the accommodation of the vastly increased customer base and transaction volumes was carried out. This Segregated Witness (also known as SegWit) implementation was a soft fork change in the transaction processes of Bitcoin.
SegWit was implemented in order to make Bitcoin transactions less malleable and more adaptable to enhancement in the size of the blockchain to increase transaction speeds. It had become clear that a new technology was needed for Bitcoin: one that could provide an extra layer to the existing blockchain to make transactions cheaper and quicker, without altering the basic structure or existing security backing of the network.
SegWit was thus produced to make the development of such technology possible.
The technology that was proposed to address these issues with Bitcoin was the Lightning Network.
Continue reading Lightning Network: The Guide That Tells Everything You Need to Know
The price of Bitcoin has surged from just over $1,000 in the beginning of 2017 to over $15,000 in 2018. Many other cryptocurrencies have followed very similar trends. As a result, it is only natural that ICOs have witnessed a huge flurry of attention from people in just about every corner of the world.
ICOs have captured the attention and interest of millions. Everyone from seasoned investors to curious newbies trying to get their feet wet seems to want to get involved – and it’s no surprise why.
Nick Szabo is a living legend in both the cryptocurrency and cryptography worlds. Although he’s not a household name, and if you’re new to the crypto games, you probably would have never heard of him.
However, Nick Szabo has godlike status amongst the sincere crypto enthusiasts.
The man’s extensive range of interest, extending from the origins of money, economic and legal history to cryptography and blockchain technology makes him a natural polymath and a one-of-a-kind man.
Both a computer scientist and a legal scholar, he married his two central interests and, in 1996, gave birth to the concept of “smart contracts.” Many years later, “smart contracts” became the central “feature” of the Ethereum blockchain protocol and gave rise to a whole new way of commerce on the Internet.
Continue reading Nick Szabo: The Mysterious Blockchain Titan
First of all, I’m your average Joe. I’m not an entrepreneur, I’m not a trader and I’m not a developer. I’m a guy who was in a job I hated, in a town I wanted to leave and relationship going southward and by a few leaps of blind faith, I found myself stumbling into the right place at the right time.
I had heard of Bitcoin before. I couldn’t tell you when or where but it was a word I was familiar with. For some reason, it had never really turned my head or caught my attention until I took a break from my stagnant career and embarked on a journey across the world.
Continue reading The Rise and Fall of My Bitcoin Fortune: A Story and Guide