News — cryptocurrency

September 29, 2008. It was a clear morning in New York City. However, the weather didn’t reflect the mood. By the end of the day the Dow Jones Industrial Average plummeted 778 points, representing the largest point drop in history. It prompted one of the most profound global recessions in recent times. Is it a coincidence that only a few weeks later in October, Satoshi Nakamoto released the now famous whitepaper: Bitcoin: A Peer-to-Peer Electronic Cash System. When we reflect on 2008 it seems likely that the crash, triggered by the housing bubble, was the impetus for creating a trust-less financial...

Blockchain technology is already starting to have a major impact on the business world, creating entirely new industries. Bitcoin mining is quite possibly the most interesting and profitable of these new opportunities. Whether you’re an entrepreneur on a budget or have a large supply of capital to spend on a mining operation, here are some important things to consider before starting a mining operation and how you can benefit from a successful mining operation. Things to Consider Before Starting Legal Risks One of the first steps to consider is whether or not bitcoin mining is legal where you live. In some countries,...

The price of Bitcoin is falling and this can only mean one thing - FUD. During these difficult times of Fear, Uncertainty and Doubt, Bitcoin investors turn to the only oracle out there who can calm their worst fears - the chart analyst. Will Bitcoin rise or will it fall? There is a huge industry of "TA specialists" also known as gurus, mentors, masterminds or oracles who reside on Twitter or in closed Facebook groups where they regularly post their predictions about the price of Bitcoin and other cryptos. Their weapons include charts which show historical ups and downs of the...

At the start of the week, a number experts have shared their visions of the future price of Bitcoin. In their opinion, the price will continue to fall and FUD like the rumours of the Chinese banks increasing cryptocurrency regulations are the reason behind it. Some even say that the price may fall down to $4000. Tom Lee, an investor and a huge believer in Bitcoin and cryptocurrencies, has now revealed the exact judgment day. What will be the price of Bitcoin? Fundstrat cofounder, investor and a firm believer in Bitcoin, Tom Lee, predicts the cryptocurrency market to go down in the second half of April....

Proof-of-Choose-Your-Name --- A lot of people who are just getting started with cryptocurrencies normally don't know much about consensus algorithms and what they are. However, they play a crucial part in making sure the blockchain remains a decentralised and fair system. What are consensus algorithms? In simple terms, consensus algorithms are processes which are used to achieve agreement on a value of data among distributed systems, such as the distributed ledger technology. In the crypto world, consensus algorithms do two very important things:  They ensure that the next block in a blockchain is the one and only true version of the block (prevent double spending); They keep the system from...