A Major Spike: On April 1, 2017, the total market cap for all cryptocurrencies was slightly higher than $25 billion. Roughly two months later, the cap exceeded $100 billion. In just over 60 days, the value of cryptocurrencies surged by 300 percent. So what was the real reason behind this major spike?? The leading cryptocurrency, … Read More →
Earlier in March this year, India’s Ministry of Finance established an interdisciplinary committee that includes a number of authorities including representatives from the central bank – which has issued warnings against the use of bitcoin in the past – to study the legal framework surrounding virtual currencies. Chaired by the Special Secretary of Economic Affairs … Read More →
Previously, bitcoin had peaked at USD 1,325.81, hours before the US SEC verdict, but later fell below USD 1,000 in March after the rejection, as per the CoinDesk Bitcoin Price Index (BPI). Fueled by increasing global acceptance, the price of bitcoin skyrocketed above USD 1,400 and touched an all-time high of USD 1,463, as per … Read More →
Whether or not you know what blockchain is, you have probably heard of the seemingly mysterious cryptocurrency Bitcoin. Bitcoin and its underlying blockchain network are quietly making headlines around the globe. The recent success of Bitcoin and the security of blockchain may have some consumers considering an investment in the new denomination, but others are … Read More →
Due to the unique nature of virtual currencies, there are some inherent advantages to transacting through Bitcoin that users of other currencies do not get. Digital currencies are a relatively new and untested medium of exchange, and users should be careful to weigh their benefits and risks. That said, Bitcoin appears to offer some unique … Read More →
1.Introduction to Cryptocurrency: Cryptocurrencies are a subset of alternative currencies, or specifically of digital currencies which uses encryption techniques to regulate the generation of units of currency and verify the transfer of funds, operating independently of a bank. It is a digital asset that works as a medium of exchange by using cryptography to secure … Read More →