Since Bitcoin went mainstream, a large number of people have begun questioning whether the currency could also be used in the trading of shares in private companies on the stock market. So far, many people stayed away from the idea because of the volatile nature of the cryptocurrency, but the stock exchanges operator NASDAQ OMX Group is a strong Bitcoin believer, which is currently evaluating Blockchain, in order to see if the technology behind the digital currency can actually be used for trading.
Blog / Page 35 of 39
Ghost Security Anonymous fighting ISIS with the help of Bitcoin
If you’ve read the news in the last year, then chances are that you have already heard about the Islamic State, an extremist rebel group that has slaughtered thousands of people, ever since they started practicing their cruel methods in a couple of countries, including Iraq and Syria.
Blog / Page 35 of 39
Update of VPS product policy
- By Marcus
- In Announcements
- [May 3, 2015]
Kindly be advised that current minimum billing cycle for all VPS orders is 12 months. Should you have any questions regarding this update, please contact support staff for further information.
Blog / Page 35 of 39
When and how do cryptocurrencies fail?
- By Daniel Zo
- In Cryptocurrencies
- [April 30, 2015]
Ever since Bitcoin became popular and a larger number of people started to believe that cryptocurrencies had a clear future, a large number of altcoins, also known as bitcoin-alternatives started being developed. With this in mind, along the last couple of years, there have been tons of different coins developed, some of which became prominent figures in the industry, whereas other failed miserably.
Blog / Page 35 of 39
The world’s first official Bitcoin bank is on its way
Chances are that all of those who are involved with Bitcoin had the thought of a Bitcoin bank cross their minds. While many like the currency thanks to the fact that it eliminates the need to go to a bank and cope with the different situations that have given these institutions a bad reputation, there are some who think that a Bitcoin bank may not be such a bad idea.
Blog / Page 35 of 39
How are shady areas responsible for the evolution of Bitcoin?
Bitcoin is nothing less than a giant on the economy at this moment in time, as the average value of all bitcoins that have been mined so far put together is of over $3 billion. While the cryptocurrency is becoming increasingly popular, and more businesses have started accepting and issuing payments with the currency, many people from all around the world wonder what it took to make the coin become eminent.
To put things better into perspective, back in 2010, when people first started selling things for bitcoins, a pizza would cost around 10,000 coins. In today’s value, a $2.3 million pizza is out of the question. The currency then evolved to its value of around $1000 around a year ago, only to fall to around $250 and stay there. So, what is truly responsible for the massive value increase of the cryptocurrency?
Blog / Page 35 of 39
Why Bitcoin is on its rise to success
Chances are that you may be already aware of the fact that over the last 17 months, the value of bitcoin has radically decreased. While many may believe that this represents the death of the cryptocurrency, the truth is quite the contrary.
Blog / Page 35 of 39
What it’s like inside an industrial-level Bitcoin mine
Bitcoin mining is likely something that just about all of those involved with bitcoin have thought about doing, tried out or are doing at this exact moment. However, mining bitcoin at home can be quite a difficult experience considering the fact that doing it right doesn’t only require a massive electrical energy usage, but also the right hardware, thus making the process quite expensive.
However, there are a couple of firms in different areas from all around the world which have been mining bitcoin ever since it became popular. These actual mines are both very expensive to maintain, but are also kept hidden from the public eye, due to the large amount of bitcoin which is being mined.
Blog / Page 35 of 39
Reverse merger makes investing with Bitcoin easier
Bitcoin has a large number of believers at this moment in time, and that number is only expected to increase in the next couple of months. However, those who felt like betting on its future on the stock market have had quite a difficult time doing so until now. This is ought to change, as Tera Group Inc. will become a listed company on the stock market.
The group which has attracted quite a large number of fans has recently announced that it has initiated a reverse merger agreement with a NYC Stock Exchange-listed company known by the name of MGT Capital Investments. While their areas of work are quite different as MGT runs a couple of online gaming sites, this doesn’t really matter as long as they collaborate and have similar beliefs. The description of the terms of the deal mentions that Tera will have an executive controlling state after the merger. This means that MGT will issue 70% common stock shares over to Tera’s owners. In turn, by being listed on the New York Stock Exchange, those who believe in the future of bitcoin will be able to secure a safe investment in the company.
Blog / Page 35 of 39
What Influence Will the Fall of the U.S Economy Have Over Bitcoin?
President Obama announced that the U.S. economy has had a leap in the last couple of months, but we all know that economies can face meltdowns when it is least expected. One thing is for sure though- if this happens, the value of one Bitcoin will leap up so much that getting back it down could turn out to be an impossible task.
In order to answer this question well, we first have to understand what the fall of an economy represents. While many consider that the value of the affected currency will drop, things are a bit more complicated. If you look back at 2008, anyone can easily take note of the fact that hundreds of thousands of jobs were lost, many couldn’t afford to eat, pay their bills and rent, thus losing their homes. An abrupt fall in the value of a currency will also lead to different problems, such as decreased trading and lower stock prices, which can then cause various businesses to become bankrupt and the world’s economy to take a hard hit all over again.