Although bitcoin has been gaining a lot of traction in major economies such as the US, Canada, and the United Kingdom, the cryptocurrency could still have tremendous potential for growth in developing economies. A huge part of the population among these nations are unbanked or without access to loans, credit cards, and other financial products, rendering bitcoin as a viable tool for fund transfer or investments. Access to bitcoin is relatively easier these days, as several startups have created seamless ways to open a wallet and transfer funds. Bitcoin exchanges can allow people to make money off price fluctuations by buying or selling the cryptocurrency online. Bitcoin for the Unbanked In contrast, opening a traditional bank account or securing a loan can be…
A number of news reports have alleged that Bitcoin XT users have been suffering coordinated hacking attacks. Recall that this version of the bitcoin software was released last month in order to force the network into a hard fork between the earlier Bitcoin Core software. Bitcoin XT was created by lead developers Gavin Andresen and Mike Hearn in order to allow the network to decide on whether or not to shift to the version of the software that increases the bitcoin block size limit to 8MB. Currently, the limit is at 1MB and many have complained about the long transactions times that this has caused. Bitcoin XT Hack? The bitcoin community has been split on the block size issue for quite some time, with some proposing the creation of sidechains or adopting bitcoin…
Silk Road Drug Bazaar Gave Bitcoin & The TOR Project A Bad Name! Written By: Patrick ‘PK’ McDonnell Jon Bon Jovi said it best in 1986, “You give love a bad name (bad name), you give lovvvvvve a bad nammmmmme…..” Well it’s late 2015, the aftermath of Silk Road’s use of Bitcoin & The TOR Project for crimes created a subliminal mainstream rejection in many minds dismissing Bitcoin as a criminal tool while TOR is for the dark world hacker with no use to everyday internet users. Yet these 2 tools are the solution to many problems we face in a world of ever-changing technology with a record increase in identity fraud & theft. Ross Ulbricht & Silk Road definitely increased the mainstream growth of Bitcoin/TOR….
I am a serial Bitcoin, Blockchain & Cryptocurrency internet domain investor with a portfolio of over 100 unique handles that I have parked or are up for auction with my host for investment purposes only [buy low/sell high], “The American way as they say.” I got involved in this sector after reading an article that stated, ‘www.BitcoinWallet.com sold for $250K USD to Austin, Texas, entrepreneur Alex Charfin’. I was intrigued & decided to research this a little more on my own. In the article Alex Charfin was apprehensive in announcing his reasons for the purchase or intentions of future use of the site which made me suspicious? I did a complete domain records search of www.BitcoinWallet.com & came up with nothing. But the crypto…
Compared to Europe and North America, bitcoin adoption is still a tad slower in Asia, even though a large portion of bitcoin trading volumes are in China. Cryptocurrency payments haven’t gained much traction in the region, despite the increase in bitcoin remittance services. Countries such as the Philippines and Indonesia stand to benefit from bitcoin transactions, as the former relies heavily on remittances while the latter has shown demand for Islam-approved non-interest financing. Even so, very few merchants accept cryptocurrency payments and there are no bitcoin ATMs available just yet. Bitcoin in Asia One of the factors limiting bitcoin adoption in Asia is the lack of regulation, which then makes investors a bit more cautious about investing in the…
After the rise of bitcoin a few years back, a number of other cryptocurrency versions have popped up, each promising to have better or more features than the rest. These days you have bitcoin, litecoin, darkcoin, dogecoin, and many others to choose from. Which one should you invest in? Trading or investing in cryptocurrency markets has been appealing mostly for the high potential return-on-investment due to the inherent volatility. Of course this also comes with higher risks, which is why it’s important to figure out which market is best to invest in. Cryptocurrency Factors One of the biggest factors involved in choosing which cryptocurrency to invest in is its stability. It has been relatively easy to create various versions of altcoins these days,…