A New Kind of Money
It is a digital currency, which works online and makes anonymous transactions between buyers and sellers across all over the world. It works through the mathematical formula and does not have any regulators controlling it. The digital currency can be exchanged for real traditional money. Bitcoin is gaining its popularity and is already used in many ways, such as WikiLeaks in order to accept donations. A block chain is stored in every computer running bitcoin and registers every transaction between buyers and sellers. It is said that transactions are anonymous, although it is not entirely....
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While there are those who say they are in crypto for the technology, it is safe to say the majority are in the space to make money. However, since Bitcoin has already grown so much, altcoins have become the clear alternative for those looking to take advantage of the kind of massive returns not available […]
Crypto’s anarchic nature, with the emphasis on decentralization, lacks any regulatory bodies so far. But sooner or later it will have to adopt standards of some kind because when money moves in and out from the blockchains to and from the traditional financial system, some kind of compliance must exist. And that’s the very problem that Sekuritance aims to solve. Sekuritance: One-Stop Compliance and Regulatory Shop Sekuritance is a one-of-a-kind project in Regulatory Technology (RegTech) that could help the blockchain environment move closer into the mainstream. The new platform....
A lot of innovation has been going on in the financial sector in the last few years with new business systems emerging and new modes of payments changing the way we interact with money, we transact with each other. The recent trends that are driving this financial technology revolution at an incredible speed have been a subject of a discussion at the World Economic Forum in Davos. Bitcoin - a speculation asset? One of the trends that everyone has been watching incredibly closely is the rise of Bitcoin and Blockchain. The former is often viewed as a synonym of a separate kind of money which....
In 2002, a person identified as "x" wrote a post to the Usenet newsgroups alt.internet.p2p and uk.finance, titled "Virtual peer to peer banking." The post describes a system with interesting similarities to Bitcoin: "I have this idea of a future with virtual peer to peer banking. A kind of decentralized and secured system. Gone would be the times that governments and banks can track and interfere with our money transfers. Or even interfere with the total amount of money on earth. My envisioned sytem would have a fixed total amount of money. But each money unit (say virtual coin) is....
“So, when I first heard about bitcoin, I started reading about it,” recounts Roger Ver, who refers to himself as the first person to invest in a Bitcoin startup. “And, before that, my hobby was studying economics. In order for something to become useful and to become money, it has to have certain characteristics. Bitcoin had those characteristics better than any kind of money that had ever come along ever before. I knew for sure that people would start to use bitcoin and it would become really, really popular to be used as money. This is what inspired me to buy bitcoins and invest in....