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Is Running a Dash Masternode on a VPS Profitable in 2023?

Is Running a Dash Masternode on a VPS Profitable in 2023?

Dash, short for Digital Cash, is a privacy-centric digital currency known for its speed and low fees. It is built on a decentralized network where masternodes play a crucial role. These masternodes, unique to Dash, are powerful servers that host an entire copy of the blockchain and provide advanced transactional functionalities like InstantSend and PrivateSend. They not only increase the stability and security of the network but also provide a means of earning passive income, as they receive a portion of the block rewards.

Operating a Dash masternode does require a certain level of technical know-how, as well as dedicated hardware and stable internet connection. This is where a Virtual Private Server (VPS) comes in handy. A VPS offers a balanced mix of performance, stability, and cost-effectiveness, making it an ideal choice for running a Dash masternode.

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Inside Visa’s Plan of Integrating Digital Currencies within their Payment Network

Inside Visa’s Plan of Integrating Digital Currencies within their Payment Network

It has often been said that mainstream adoption of cryptocurrencies can be attained through an integration with the payment systems that people are already familiar with. Recent reports indicate that Visa understands this concept, given the fact that the company has announced that they are working towards integrating digital currencies with their payment network.

In a recent blogpost, Visa has stated that alternative means of payment, such as fiat-backed stablecoins, have the potential of revolutionizing the world’s payment systems. According to the company, “We’re reshaping how money moves across the globe, and that means pursuing a broad array of technologies and partnerships. In that regard, digital currencies offer an exciting avenue for us to continue doing what we do best: expanding our network-of-networks to support new forms of commerce”.

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Will Crypto Prices Continue their Bullish Price Increase?

Will Crypto Prices Continue their Bullish Price Increase?

The last couple of months have been nothing short of incendiary for digital currency users throughout the world. Following Bitcoin’s massive increase to $20,000 in 2017, the coin has been facing large volatility ever since. A few days ago, the bitcoin price managed to rebound more than $1,000 in less than 24 hours, after its price increased from $6,900 to over $8,000.

Economic analysts have found plausible reasons for both the decrease and increase in price. To kick things off, the price fall sustained until now, can be attributed to fear-selling, tax liability and regulatory changes. Tax liability is a bigger issue than people expected at first, considering the fact that the large price increase created massive short-term gains, which are taxable by the Internal Revenue Service (IRS), in the United States. With $590 billion in value created in 2017 alone and U.S. holders capturing roughly 30% of value growth, many had to sell in order to keep their taxes in check, and avoid any issues with the IRS.

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