Cryptocurrencies are here to stay
7 years, 1 month ago

Cryptocurrencies are here to stay

Al Jazeera  

Since the end of last year, people have been left dumbfounded by the meteoric rise in the value of bitcoin, the father of all cryptocurrencies. On January 17, bitcoin’s value suddenly halved as futures contracts on the cryptocurrency expired, sending shockwaves through the cryptocurrency market that buffeted even top performing “alt-coins” like ethereum and ripple. Every time people exchange bitcoin online, the whole network gets updated with the new information, creating new “blocks”, ie long chains of data for computers to solve. While the current crypto craze is seen as a “nerds only” endeavour, businesses and even governments around the world are waking up to its possible applications, with major shipping firm Maersk and technology giant IBM announcing earlier this month that they will create their own blockchain. Investing in cryptocurrencies that form part of a service ecosystem, rather than solely offering ethereal tokens that have no real, fundamental value, could prove to be the new stocks and shares, as blockchains move from being perceived as “just a fad” to a mainstream technology we all rely on in our day-to-day lives.

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History of this topic

The crypto industry is advancing. (Just don’t ask it where it’s going.)
1 week, 2 days ago

The crypto industry is advancing. (Just don’t ask it where it’s going.)

CNN  

A version of this story appeared in CNN Business’ Nightcap newsletter. And while the industry is grateful for all the attention, the White House’s embrace of some of crypto’s less savory aspects, like meme coins, has given serious investors pause. Eswar Prasad: The crypto industry is kissing the ring, and I think it’s getting exactly what it wants from the …

Crypto Can’t Stop Fighting Itself
3 weeks, 3 days ago

Crypto Can’t Stop Fighting Itself

Politico  

“They all hate each other,” Carter said, adding: “But they hate outsiders more.” Hopes have surged that crypto-friendly legislation can make it through Congress after years of negotiations, as prominent firms push for rules tailored more specifically to digital assets. Paolo Ardoino, whose company Tether issues the world’s largest stablecoin, posted on X that the draft legislation was an effort …

Governments and banks once mocked Bitcoin. Now they want in on it
3 months, 1 week ago

Governments and banks once mocked Bitcoin. Now they want in on it

Al Jazeera  

After topping $100,000, Bitcoin supporters see the cryptocurrency soaring even higher. Despite once labelling Bitcoin “a scam”, Trump has emerged as arguably the world’s most powerful advocate for the asset. “There’s now this growing feeling that the 21st century will be the century of Bitcoin.” Keiser spotted Bitcoin’s potential early on and advised people to buy it when its value …

What is cryptocurrency, how does it work – and what’s the point?
5 months ago

What is cryptocurrency, how does it work – and what’s the point?

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. This appeals to people who want to send money …

Decrypting the crypto myth
2 years, 9 months ago

Decrypting the crypto myth

The Hindu  

Bitcoin and other cryptocurrencies are generally perceived as assets, currencies or both. An added defence by Bitcoin enthusiasts is quoting British economist Henry Dunning Macleod’s idea of Gresham’s law, which states that bad money drives out good money. However, this claim has also been falsified as Bitcoin buyers were quick on the uptake to sell their holdings in exchange for …

What is cryptocurrency? A beginner’s guide to bitcoin, ethereum, dogecoin and more
2 years, 9 months ago

What is cryptocurrency? A beginner’s guide to bitcoin, ethereum, dogecoin and more

The Independent  

Sign up to our free weekly IndyTech newsletter delivered straight to your inbox Sign up to our free IndyTech newsletter Sign up to our free IndyTech newsletter SIGN UP I would like to be emailed about offers, events and updates from The Independent. As with much money in today’s traditional banking system, cryptocurrency does not actually exist physically; instead, it …

How do cryptocurrencies work?
2 years, 9 months ago

How do cryptocurrencies work?

The Independent  

Sign up to our free weekly IndyTech newsletter delivered straight to your inbox Sign up to our free IndyTech newsletter Sign up to our free IndyTech newsletter SIGN UP I would like to be emailed about offers, events and updates from The Independent. As an example, let’s use bitcoin, which is “mined.” In the physical world, here’s how mining works: …

EXPLAINER: How cryptocurrencies work (and how they don’t)
2 years, 11 months ago

EXPLAINER: How cryptocurrencies work (and how they don’t)

Associated Press  

NEW YORK — The first and most popular cryptocurrency, bitcoin, launched more than a decade ago. As an example, let’s use bitcoin, which is “mined.” In the physical world, here’s how mining works: A specialized computer processor runs on electricity and produces an astonishing amount of noise and heat. Cryptocurrency exchanges — where people can trade cryptocurrencies for traditional currencies …

A beginner’s guide to cryptocurrency
3 years, 3 months ago

A beginner’s guide to cryptocurrency

LA Times  

The Los Angeles Lakers’ home game on Christmas Day against the Brooklyn Nets will be a coming-out party for Crypto.com Arena, the new name for the facility formerly known as Staples Center. Created by an individual or group using the pseudonym Satoshi Nakamoto, bitcoin — the first cryptocurrency to gain a global foothold — was billed as a digital version …

As Bitcoin goes mainstream, Wall Street looks to cash in
3 years, 5 months ago

As Bitcoin goes mainstream, Wall Street looks to cash in

Associated Press  

NEW YORK — Love cryptocurrencies or hate the very idea of them, they’re becoming more mainstream by the day. “The one thing you can say for certain is that the advent of the era of the Bitcoin ETF opens up the opportunity for Wall Street to make money on Bitcoin in a way that it hadn’t been able to previously,” …

As Bitcoin goes mainstream, Wall Street looks to cash in
3 years, 5 months ago

As Bitcoin goes mainstream, Wall Street looks to cash in

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. “The one thing you can say for certain is …

Love them or hate them: Cryptocurrencies are here to stay
3 years, 5 months ago

Love them or hate them: Cryptocurrencies are here to stay

Al Jazeera  

Bitcoin has come a long way since someone or a group of someones under the name Satoshi Nakamoto wrote a paper in 2008 about how to harness computing power around the world to create a digital currency that can’t be double-spent. “The one thing you can say for certain is that the advent of the era of the Bitcoin ETF …

Bitcoin | what's all the buzz about it?
4 years, 1 month ago

Bitcoin | what's all the buzz about it?

The Hindu  

Bitcoin surged anew on Monday when Elon Musk electrified its prospects by pledging Tesla Inc would soon take payment for its electric vehicles in the currency and revealed it had already bought $1.5 billion worth of it. PayPal Holdings Inc said in October that it would allow customers to buy, sell and hold bitcoin and other virtual coins using its …

Cryptocurrencies are having a wild 2021.
55 years, 2 months ago

Cryptocurrencies are having a wild 2021.

Slate  

It has been more than a decade since Bitcoin set the stage for the popularization of new of cryptocurrencies and blockchain technologies. But as fortunes have been made and lost over and over again—Bitcoin just hit new record levels after Elon Musk announced that Tesla had invested $1.5 billion in the cryptocurrency and would soon accept it for payment—the slow …

Forget bitcoin. These cryptocurrencies are surging even more
4 years, 3 months ago

Forget bitcoin. These cryptocurrencies are surging even more

CNN  

New York CNN Business — The dramatic rise in bitcoin may seem overly speculative. “The explosion in cryptocurrencies is a consequence of the economic environment,” said Michael Shaulov, CEO of Fireblocks, a digital asset security firm. “There has been more demand from mainstream financial mangers about cryptocurrencies, and the big question is what is the relative value for these altcoins …

What is Cryptocurrency and How it Works
5 years ago

What is Cryptocurrency and How it Works

News 18  

New Delhi: The Supreme Court on Wednesday allowed trading in cryptocurrencies. Now that the top court has allowed trading in cryptocurrency, here is all that you need to know about it: Cryptocurrency or virtual currency is primarily an internet-based medium of exchange. It uses cryptographical functions to conduct financial transactions between two parties through private and public keys. There are …

John Oliver tells you everything you need to know about cryptocurrency and Bitcoin
7 years ago

John Oliver tells you everything you need to know about cryptocurrency and Bitcoin

Salon  

In the latest episode of "Last Week Tonight," host John Oliver tackled the concept of cryptocurrency, which he described as "everything you don’t understand about money, combined with everything you don’t understand about computers." "Like most currencies, the fundamental reason Bitcoin has value is because people agree that it has value," Oliver explained. "Normally, if I wanted to send money …

Bitcoin promises filmmakers and writers tales of get-rich fever and cyber intrigue
7 years, 1 month ago

Bitcoin promises filmmakers and writers tales of get-rich fever and cyber intrigue

LA Times  

Nearly ten years after bitcoin was invented, a cryptocurrency craze is sweeping the planet with the ferocity of a Trump tweet, inspiring songs, creating millionaires, unnerving banks and giving writers and filmmakers potent narratives of Gold Rush fever and dark web intrigue. Recent surges and tumbles in value along with our deepening fascination with the virtual world have given cryptocurrencies …

Bitcoin is the new gold for the cryptocurrency age
7 years, 1 month ago

Bitcoin is the new gold for the cryptocurrency age

Live Mint  

I hate to say I told you so, but … well, I told you so. … By the time the transaction is confirmed, fluctuations in Bitcoin price mean that it’s for the “wrong” amount.. Short-term volatility is bad for payments, especially if it takes time to confirm a transaction, as in Bitcoin’s case, because you don’t know how much you’re …

WHAT ARE CRYPTOCURRENCIES?
7 years, 1 month ago

WHAT ARE CRYPTOCURRENCIES?

Daily Mail  

A cryptocurrency is a digital currency that can be used for transactions online. All crytocurrencies use 'blockchain' and one can only be made and shared using specific agreed-upon rules. Other currencies such as Litecoin and Dogecoin do the same thing but have slightly different levels of inflation and rules surrounding transactions. A network of tech-savvy users called miners keep the …

Bitcoin rally: From dentistry to sex trade, entrepreneurs rush to make the most of the price surge
7 years, 3 months ago

Bitcoin rally: From dentistry to sex trade, entrepreneurs rush to make the most of the price surge

Firstpost  

At least a dozen companies, including some in past few weeks, have been registered in various parts of the country with ‘Bitcoin’ as part of their names while many more such applications are pending before the Registrars of Companies New Delhi: It is not only investors who have caught the Bitcoin bug lured by a crazy surge in prices, but …

AP Explains: What is bitcoin? A look at the digital currency
7 years, 3 months ago

AP Explains: What is bitcoin? A look at the digital currency

Associated Press  

LONDON — The price of a single bitcoin has pierced the $10,000 level and some experts say it could rise further. The world’s most popular virtual currency allows people to buy goods and services and exchange money without involving banks, credit card issuers or other third parties. ___ HOW BITCOINS WORK Bitcoin is a digital currency that is not tied …

The basic nuts and bolts of bitcoin
7 years, 4 months ago

The basic nuts and bolts of bitcoin

Live Mint  

It is scary when your friends and acquaintances think 10 times before investing in mutual funds but are willing to bet on bitcoins in a split second. The blocks are mined in sequence and once recorded, the data cannot be altered retroactively,” wrote David Lee Kuo Chuen, economics professor of fintech, Singapore University of Social Sciences, in his paper ‘Cryptocurrency: …

Bitcoin: What's going on with the digital currency?
7 years, 7 months ago

Bitcoin: What's going on with the digital currency?

ABC  

There are some changes about to happen in bitcoin. The bitcoin civil war Bitcoin's civil war may see the controversial cryptocurrency split in two — while big business watches on. Bitcoin cash effectively rewards every owner of bitcoin with an equal amount of the new currency using a system that can handle much higher volumes of trades. Some digital currency …

there's a new kid on the blockchain
7 years, 9 months ago

there's a new kid on the blockchain

ABC  

The digital currency bitcoin has broken new records - surging by more than 245 per cent since the start of the year. Key points: Total cryptocurrency market is worth $US75b The top ten currencies have a 94 per cent market share Government will make changes to GST so bitcoin transactions are not double taxed In just five months, the price …

AP Explains: What is bitcoin? A look at the digital currency
7 years, 10 months ago

AP Explains: What is bitcoin? A look at the digital currency

Associated Press  

NEW YORK — It’s worth more than an ounce of gold right now, it’s completely digital and it’s the currency of choice for the cyberattackers who crippled computer networks around the world in recent days. Bitcoin has a fuzzy history, but it’s a type of currency that allows people to buy goods and services and exchange money without involving banks, …

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