The Truth behind Blockchain Myths

The Truth behind Blockchain Myths

The last couple of days have managed to bring about large changes to blockchain-based digital currencies such as Bitcoin and Ether, as both have managed to once again break their all-time high. More exactly, Bitcoin has managed to surpass the $1,600 mark thus reaching a new all-time high, whereas Ether, the crypto-fuel behind Ethereum has increased with 25%, thus reaching $100.

With these aspects in mind, now is about time that we go ahead and help debunk a few myths associated with the blockchain network, so readers can get a better understanding of what the blockchain can, and cannot do, regardless of how it’s being used.

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Bitcoin Yet Again Surpasses Its All-time High. Are We in a Bubble That is About to Break?

Bitcoin Yet Again Surpasses Its All-time High. Are We in a Bubble That is About to Break?

If you’ve been following recent digital currency news, then chances are that you’ve heard that bitcoin is going on a bull rampage, breaking its all-time highs almost every day. In fact, the digital currency is currently trading above $1,800, and chances are that it will soon hit the $1,900 benchmark, if the trend continues this way, in a couple of days.

Economic analysts throughout the world are both excited for this tremendous growth in value, but also quite worried, considering the fact that it may be the direct sign of a bubble about to break on the industry. In this article, we will analyse the facts behind this massive increase in value, and try to predict what’s next for bitcoin.

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10 New Bitcoin Exchanges are Planning to Enter the Japanese Market

10 New Bitcoin Exchanges are Planning to Enter the Japanese Market

apan’s relationship with Bitcoin has been going on for longer than we can remember, yet it was only one month ago, when the Japanese Government stated that they would begin recognizing Bitcoin as a legal payment method, on the 1st of April, 2017.

This has led to an increase in the value of the bitcoin price, alongside with more interest in the Japanese bitcoin market, by companies operating throughout the Nippon country. With this in mind, recent reports indicate that over 10 Japanese companies are currently planning, or launching their very own bitcoin and digital currency exchanges. This would help cover the continuously growing demand for the digital currency, while also making trading a bit cheaper in the country, which is great news for the Japanese Bitcoin community.

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Ethereum Breaks Its All-time High, and Reaches $7 Billion Market Cap

Ethereum Breaks Its All-time High, and Reaches $7 Billion Market Cap

Since the Ethereum platform first appeared on the market, interest in it has both peaked and decreased overtime. However, it seems like the popularity of Ethereum is quickly growing, considering the fact that it has just managed to surpass the $7 billion market cap, which is the same level of the Bitcoin market cap, present last year, thus showing just how much it has grown.

During the last couple of days, Ethereum managed to soar from $50 for one Ether, to around $80, thus once again surpassing its all-time high, which is simply amazing for the smart contracts platform.

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Learning How to Avoid Bitcoin Scams

Learning How to Avoid Bitcoin Scams

Every new trend that appears on the internet is bound to give scammers numerous opportunities to come up with various ideas meant to take people’s money away. Bitcoin is no exception to this case, as there are thousands of bitcoin-based scams that unknowing users can get involved in.

With this in mind, in this article, we will discuss the main types of scams and factors that you should keep in mind to avoid a bitcoin scam, whenever you see one. Considering the fact that few people truly understand the way bitcoin and the blockchain works, educating yourself should be the first step.

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The Indian Government is Planning to Legally Recognize Bitcoin

The Indian Government is Planning to Legally Recognize Bitcoin

During the last couple of months, we’ve seen numerous governments open up to the idea of digital currency, which is absolutely great news for adoption throughout the world. Not long ago, reports stating that the Indian government plans to legally recognize Bitcoin came in.

With this in mind, it seems like a committee was constituted by the Reserve Bank, and put in charge to study digital currency, and decide whether bitcoin is fit to be recognized as an official, legal currency in the country. The recommendations from the committee will be given anywhere between the 15th to the 20th of May. Afterwards, the Government will get to decide whether the plans will proceed.

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Differentiating Bitcoin from Ethereum & Understanding Smart Contracts

Differentiating Bitcoin from Ethereum & Understanding Smart Contracts

If you’ve been following the recent digital currency news, then chances are that you’ve heard about Ethereum and all the buzz that it has been creating since its launch. As Ethereum is still quite new, many who are just hearing of it tend to ask themselves the following question: Why use Ethereum, when we already have Bitcoin, a much more popular digital currency?

This exact question represents the source to a lot of confusion surrounding the two projects. While they seem similar at first, their core purpose is extremely different. To put things better into perspective, Bitcoin is only meant as a digital currency, used to buy/sell products and services, whereas Ethereum is slightly more different. In fact, it represents a platform based on blockchain technology, used by people to develop decentralized applications, which work thanks to smart contracts, and are fuelled by Ether, the currency of Ethereum.

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Could We See Bitcoin Recognized as a Currency Under Trump’s Presidency?

Could We See Bitcoin Recognized as a Currency Under Trump’s Presidency?

During the last couple of months, we’ve seen governments from all around the world becoming more relaxed when it comes down to discussing bitcoin. In fact, on the 1st of April, the Japanese Government finally agreed to recognize Bitcoin as an actual currency, which can be stored, but also used to purchase and sell products and services.

After Donald Trump was officially inaugurated as the President of the United States in January 2017, the digital currency’s price peaked, and hence managed to reach a new high. Two months later, the price of bitcoin reached $1,268, thus surpassing the value of gold for the first time. Not only this, but bitcoin almost tripled in value during a year, and between December and March of this year, its value has grown by around 30%, which is massive growth, even for bitcoin. During its volatility periods, it has been determined that the value of the digital currency can easily react to world and political events, especially in influential countries such as the United States, Russia, China, Japan and more.

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Why Bitcoin Investments Shouldn’t Be Rejected

Why Bitcoin Investments Shouldn’t Be Rejected

If you’ve been following the recent news from the digital currency industry, then chances are that you’ve heard once the Securities Exchange Commission SEC decided to reject the Winklevoss-backed Bitcoin ETF project, which would’ve made bitcoin-based investments easier and more accessible to people throughout the world. The SEC is reportedly mostly concerned about the fraud potential that bitcoin poses, alongside with its high volatility and possibilities of price manipulation, which are due to the continuous lack of regulation, and reportedly, transparency, although this isn’t really the case.

Because of this, a possible channel of bitcoin investments remains unopened, but those who are interested can still invest in the digital currency through the numerous bitcoin exchanges and bitcoin investment trusts. However, is there an attractiveness to bitcoin investments? We’ll attempt to tackle some of the most compelling reasons on why you may want to invest some of your capital in digital currencies.

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The Future of Blockchain and Bitcoin Regulation

The Future of Blockchain and Bitcoin Regulation

​During the last couple of months, the popularity of both bitcoin and its underlying system, the blockchain, has grown considerably. With bitcoin prices rising above $1,100, and numerous financial institutions and companies showcasing their interest in blockchain technology, we’re without a doubt, about to experience a financial revolution.

However, regardless of whether you view bitcoin as the key to a free, but also utopian-type of economy, and blockchain technology as the key to achieving trust in the digital era, and online security, both systems are not outside the reach of government regulators throughout the world. Because of this aspect, it is always important to keep a close eye on the opinions of regulators.

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