bitcoin

A collection of 28 posts

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Fiat money vs cryptocurrency

Fiat money is essential in our daily lives. Fiat money exists in the form of coins, banknotes, and book money, which reflects bank account balances. “Fiat” is a Latin word that means "let it be done". The first known case of fiat money public usage dates back to

Official announcements

HitBTC Statement on possible Bitcoin fork

Dear traders, As you may know, Bitcoin Core is undergoing some important scaling improvements. Here is some historical background on what is happening now. Segregated witness or SegWit is the backward compatible protocol upgrade that was originally proposed by Bitcoin Core development team as a part of scaling strategy. SegWit

Official announcements

Important: possible Bitcoin hard fork and Bitcoin Unlimited arrival

Dear traders, We want to inform you today about upcoming events and the measures we’re taking to get ready for a possible Bitcoin hard fork. What’s been happening? The Bitcoin network has been experiencing issues lately. One of critical network restrictions (1 Mb block size limit) has turned

Archive

Bitcoin in the News This Week

Time to sum up the goings on in the world of Bitcoin once again. Let’s see what’s been going on last week. What significant developments have there been and what has the price been up to last week.   Concerns on halving and the 51% attack   Coinbase published quite

Archive

Bitcoin in the News

Bitcoin is on a rather awesome climb again whilst the halving of the mining reward draws closer. There have also been some other recent interesting developments in the field of blockchain. In this article I will go through the recent events that have been shaping Bitcoin’s price in the

Archive

Bitcoin in May - Price Analysis

Brexit    There has been a lot going on in the month of May this year. Some terrible natural disasters and also financially concerning events. Euro has been on a decline since the start of May as Brexit draws closer. The referendum takes place on June the 23rd. Polls are currently

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Bitcoin Withdrawal Fees

As you all probably know Bitcoin is undergoing some changes and thus we also need to adjust to them. Change is always inevitable and mostly a good thing. Sometimes it can cause some inconvenience too and for that we are sorry. What’s happening? As the new Bitcoin Core version

Archive

Bitcoin Debit Cards - a New Personal Banking Solution?

As the use of Bitcoin and other cryptocurrencies becomes more and more popular, we see an increase in products available. There are so many crypto apps available that serve  many different purposes. From smart contracts to securing a country’s health records to playing little addictive games – blockchain gives us

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Bitcoin Success Stories

There are so many posts and articles on the technical aspects of the cryptocurrencies. I also mainly write about techy and how stuff works topics. But the stories that I enjoy most are about real people. Just like you and me. I always feel inspired and happy reading about true

Archive

Bitcoin Price Analysis - Beginning of 2016

As we’ve now well settled into 2016. Made awesome new year’s resolutions. Achieved a lot of them and also probably broke most of them. As the start of the new year always brings new highs or lows when it comes to assets let’s have a little look

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Crypto Apps: Ecosystem Around Bitcoin

Blockchain gave us Bitcoin and lots of other different cryptocurrencies. When people talk about Bitcoin it is normally in the context of the currency. It is mainly seen as a financial asset. Yet Bitcoin is only a very small part of the possibilities blockchain opens up to us. Alongside it

Archive

Trading Jargon: The Basic Glossary for the Newbie Trader

So, you want to start trading Bitcoin on an exchange? You think you know what you’re doing, but what the hell do all these new words mean?! Let’s dive in and learn more. If you are just starting out in the world of trading financial instruments, the language

Archive

Is Bitcoin Dead?

Last week a former Bitcoin developer Mark Hearn stated in his blog that Bitcoin is broken. This resulted in a $80 price drop. He predicts a downtrend from now on. Let’s have a look at if this is true and whether we should keep hold of our coins or

Archive

How to Mine Bitcoin and Why You Shouldn't

I get a lot of questions asking about mining Bitcoin. Everyone’s heard the story of some young kids who mined a huge amount of Bitcoins at its starting days and then were made millionaires overnight when the price hit the roof. Can you still profit like that from mining

Archive

Is Bitcoin used for illegal activities?

A lot of people have an opinion about Bitcoin as something shady, something for the criminals. Where has this come from? Is BTC a tool used by ISIS? Let’s have a look at some arguments and facts on this topic.   Bitcoin and Silk Road   Many of you know what

Archive

Bitcoin for Beginners

If you’ve just come across Bitcoin and cryptocurrencies or just had an interest in the currency that stands for BTC now, let me explain it as simply as I can. I know that it might be a little bit confusing at first. When I came into contact with the

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Bitcoin Anonymity - What is It All About ?

There is a common belief that Bitcoin transactions are anonymous and untraceable. In addition to that many are still cautious of Bitcoin because of the common opinion that it might be used for shady or criminal transactions. One can understand where these concerns may come from – most of you remember

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Banks & Big Business on Bitcoin

For a long time Bitcoin has been something that has been seen as some new thing for geeks. Something that cannot possibly bring any value to the wider audience. Often in the past when I’ve talked about Bitcoin and Blockchain I’ve been stared at with a blank look

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The Recent Rise of Bitcoin

Bitcoin is making another run for it. The price is rapidly reaching new highs this year. Currently 1 Bitcoin is worth over $309. The price has reached these heights twice before this year – previously in March and July. Will this continue? Let’s have a look at a few reasons

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EU Rules Bitcoin is Exempt from VAT

The recent situation in EU on VAT   Until last week there were still different opinions within EU countries whether Bitcoin is exempt from VAT or not. Some countries already came to the same conclusion a long time ago, some kept fighting against it until the end. The ruling in question

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Bitcoin Wallets

Firstly let’s explain what bitcoin wallets are:   Wallets are where you store your cryptocoins. As cryptocurrencies are essentially like digital cash, wallets are where you keep your cash. It is like a wallet because you can send, receive and store your coins in your wallet. How it actually works

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Bitcoin: a long-term investment or an everyday currency?

Even though Bitcoin is no longer a brand new thing in terms of new technologies it is still very much in its infancy. When we look at the crazy bubble at the end of 2013 when the Bitcoin price rose from $120 to almost $1200 then yes, some might say

Archive

How to Get Bitcoins?

If you are new in the world of cryptocurrencies and are wondering how you could get your hands on some Bitcoins then here are a few ways: Receive Bitcoins as a payment   Here’s one of the few ways how you could get Bitcoin. If you run a business or

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Bitcoin Trading vs Traditional Currencies

What’s the difference?   Essentially, whether you’re trading forex, commodities, stocks or cryptocurrencies it is all the same. The point of the game is to buy at a low price and sell high generating a profit. Therefore if you are familiar with trading traditional currencies it would not be

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Bitcoin and the Law

What are the issues with Bitcoin?   The laws on Bitcoin differ hugely from country to country. Some have embraced it, some are more conservative and some have outright banned it. Why is it that in this day and age when we say we want to be innovative and greet new