Satoshi Nakamoto, the unidentified author of the Bitcoin white paper, described the cryptocurrency as a, “peer-to-peer version of electronic cash [that] would allow online payments to be sent directly from one party to another without going through a financial institution.” Those “financial institutions” that Nakamoto wished to bypass when conducting online commerce referred not only […]
What is Tether? According to Tether’s website, “Tether converts cash in digital currency, to anchor or tether the value to the price of national currencies like the US dollar…” The primary manifestation of Tether is the “USDT”, the cryptocurrency coin which is pegged to the American dollar. In other words, in theory, for every USDT […]
If you are one of the lucky few individuals to have bought Bitcoin or another digital asset six months ago, 12 months ago or (and, if so, congratulations) 5 or more years ago, you are, in all likelihood, sitting on some very large paper profits when the value of your holdings are calculated in fiat […]
Pump & Dump Schemes (P&D) There’s a delicate balance for regulators to put into place measures that don’t stifle innovation while at the same time ensuring consumer protection, and with cryptocurrency, that crosses multiple jurisdictions. I welcome regulators not rushing into the marketplace but taking a more considered approach, but it does mean investors need […]
Bitcoin – You’ve heard of Buyer Beware, but what about Reader Beware? Bitcoin has become the hot topic of conversation with media coverage, casual conversations, social media posts, videos and blog posts popping up everywhere. I believe it’s great to see conversations arising because they ultimately lead to education. Yet only this weekend I saw […]
We’ve taken a look at Bitcoin is in terms of a distributed ledger vs a centralised system and how bitcoin compares to ‘traditional’ money. Now let’s talk about becoming your own bank and what that means.
For those who enjoy technical details BTC (Bitcoin Core) the first and biggest cryptocurrency by market capitalisation ($250bn) at the time of writing, and trading over $14,500 is one of 1,337 cryptocurrencies according to http://coinmarketcap.com, with the total market capitalisation of all cryto currencies around $417bn. The journey to understanding cryptocurrency takes one into a […]