Latest News and Updates
It’s been several years that cryptocurrency has invaded the financial world. Some say cryptocurrency will eventually replace current fiat money, others believe it’s just a good investment. The thing that attracts people to cryptocurrency is decentralization. Digital money is governed by decentralized entities and can't be controlled by the government.
It also offers some advantages and is without a doubt an interesting option to invest in. Moreover, there are more than 500 digital items to invest in. In fact, there are a lot more types of digital coins out there, but not all of them are valuable. But is it still a good idea to invest in digital money? Let’s check out the top 5 investments in digital money and what advantages they can offer.
It’s difficult to find a person who wouldn't be aware of the existence of such a term as cryptocurrency, and more specifically, Bitcoin. The concept of Bitcoin was introduced several years ago and the blockchain was launched in 2009. An individual or group of individuals called Satoshi Nakamoto was the first to introduce cryptocurrency and now it’s one of the most popular to trade and buy.
A lot of people prefer investing in Bitcoin since it’s pretty convenient and grants some profit. This cryptocurrency (just like any other type of digital money) is not regulated by a central bank or any other institution which makes it even more appealing to buy Bitcoin. But what determines the price of 1 Bitcoin? Why is the price of 1 Bitcoin so high compared to fiat money? Let’s find out in this article.
Due to the recent SEC action against Ripple Labs Inc., after 8 January 2021 US customers will not be able to buy or sell XRP at BTCBIT platform.
Customers from other countries are not affected.
We are monitoring the situation regarding the SEC's filing and will proactively inform our customers when we have information that may change our position.
Physical money is slowly and surely becoming a thing of the past. It’s hard to say for sure right now if there will ever come a time where it’s gone completely, but it won’t be long before it ceases to be such a widespread payment method.
Even right now, basically everybody has a debit card or a credit card, or both and that’s been something that has slowly become the norm over the last several decades. Even cheques, the original alternative to paper and coins have started to become somewhat obsolete.
Nowadays, things are even going a step further than that. If you’re on this site you’ve probably heard about cryptocurrency, most everyone has, it’s the next major step in the evolution of money and how we spend.
The crypto world has been expanding during recent years and there is
lots of news to follow. This article is dedicated to DeFi Tokens And
Transaction Fees on Ethereum
Ethereum users as well as ETH holders may have a reason to finally celebrate - the median transaction fees within the Ethereum blockchain system have dropped significantly. While it may be a reason for ETH holders to celebrate, DeFi users have a reason to worry.
As you may already know, the median fee on September 2nd was 8.48 USD which is an extremely high price. Today, the median fee for a transaction has dropped to 1.3 USD.
Cryptocurrency has once changed the financial world, and it keeps changing it today. The concept of crypto money is no longer something alien and unusual, it’s a way to gain profit. People keep mining various digital coins, they get together as pools to raise the chances of getting more coins, they invest in digital coins, etc.
But today we have new ways of profiting from cryptocurrency. You don’t even need to buy expensive mining equipment or spend money to invest in currency. All you have to do is to consider the staking option. In this article, you may learn about the concept of staking, what benefits it offers for cryptocurrency holders, and what tokens are the best for staking.
The coronavirus outbreak has changed everything in our world. It wasn’t
expected as much as the crisis in 2008, it almost hit suddenly. With the
whole world trying to survive this terrible illness, the financial
situation is not becoming any better. The recent crash in March that was
called a Black Thursday impacted the crypto world as well.
If the most popular cryptocurrency in the world - Bitcoin was sold at a price higher than 9.000 dollars, after the crash it was sold for a little more than 4.000. It nearly dropped half of its price. Even though it is not the first crash of the cryptocurrency market, it was a sudden one.
After things will get to relative normal, which won’t happen in 2020 in terms of financial situation, some cryptocurrencies will survive the outbreak of coronavirus while others might not recover from it.
Simple users and investors like Bitcoin since it is out of reach of a
standard system. Bitcoin as well as other similar cryptocurrencies are
decentralized assets that are controlled not by one individual or
government etc., it is controlled by all users of a blockchain.
Not to mention that cryptocurrency won’t be devalued like any other currency might be. Since there is only a certain number of bitcoins which means that no one can create more bitcoins, so it won’t drop in value drastically.
These are only some of those reasons why investing in Bitcoin or other cryptocurrencies is preferred by so many people throughout the world. But as for becoming a true rival of a traditional monetary system, do Bitcoin or other cryptocurrencies have this potential? Yes, they do have the potential, but it’s not as simple as people might hope.