Tag Archives: bitcoin

Thereum’s Market Cap Looks to Overtake Bitcoin’s

Thereum's Market Cap Looks
to Overtake Bitcoin's

  

Bitcoin has led the cryptocurrency revolution for nearly a decade.

In the process, it has become the most recognizable name in the new world of digital currencies, and for many years it dominated the industry by maintain a position of 80% or more of the total cryptocurrency market cap. In the past few months, Bitcoin has also skyrocketed in price, practically tripling in value since the beginning of the year. And yet, in spite of these indicators of its dominant status, there is reason to believe that one of Bitcoin's competitors, a much newer cryptocurrency called Ethereum, is on pace to overtake the iconic digital currency in at least one respect: market capitalization.

39% to 31% As Of Last Week

By Wednesday, June 14th, Bitcoin had seen its share of market capitalization drop from 87% among all cryptocurrencies down to 39%. This sharp decline is in stark contrast to the precipitous gains in value that have accompanied the coin over the same time period of roughly the past four months. At the same time, Ethereum has seen its share of the total market capitalization of digital currencies rise by a considerable amount, too. From 5% of all market capitalization just four months ago, the two year old currency has now claimed nearly a third (31%) of all market capitalization for the industry. A graphic representation by analysts at CoinMarketCap reveals both the extent of Bitcoin's former dominance in the cryptocurrency field as well as the rapid shift which has brought Ethereum much closer to Bitcoin's level.

Analysts Predict "The Flippening"

Analysts have developed a term to categorize a time at which Ethereum overtakes Bitcoin in terms of market capitalization, as some cryptocurrency followers have expected to happen. "The Flippening" refers to this shift in dominance in the field and, some say, may indicate a permanent shift in which Bitcoin steps out of the spotlight in the cryptocurrency world. The Flippening could occur for a number of reasons. Bitcoin has long been the most dominant cryptocurrency, but it also suffers from significant problems of scaling which have threatened to dismantle the entire cryptocurrency system. Ethereum, on the other hand, having been developed much more recently, may have been able to anticipate some of the issues that Bitcoin's creators did not when they first programmed the code a decade ago. In doing so, Ethereum, could find itself in a better position for long-term growth than Bitcoin.

As of June 14th, Bitcoin's market cap hovered around $45 billion, with a price per coin just below $2800, according to a report by Market Watch. Ethereum's market cap was roughly $36 billion at the same time, with a price per token of $390. In some ways, Ethereum may have already overtaken its older brother: a Motherboard report suggests that Ethereum has "almost five times as many nodes in its network as Bitcoin, meaning more people are using their computers to support it."

Chuck Reynolds


Marketing Dept
Contributor

Please click either Link to Learn more about -Bitcoin.

National Bank of Abu Dhabi Adopts Ripple Cryptocurrency Software


  • Why Bitcoin, Ethereum, Ripple Fell. The Correction Explained

Although it is often overlooked by investors more eager to focus on Bitcoin and Ethereum, Ripple has several factors in its favor in comparison with the rest of the cryptocurrency field. The currency, now sporting the third-largest market capitalization in the industry, is designed for seamless transactions which can be settled by banks in real time. The result is that transaction fees can be kept down for both banks and individual customers. Considering that long transaction settlement times and unstable fees have been two of the largest barriers to cryptocurrencies generally breaking into the broader financial world, Ripple seems poised to become a favorite among financial institutions. Now, the National Bank of Abu Dhabi has announced its adoption of the Ripple protocol for some of its transactions. Will this be the impetus that Ripple needs to garner more attention around the world?

National Bank of Abu Dhabi to Use Ripple for Cross-Border Transactions

Late last week, the National Bank of Abu Dhabi announced plans to adopt the Ripple protocol for all cross-border transactions. According to Live Bitcoin News, the National Bank has indicated a particular interest in enhancing the experience of its customers, and bank leaders seem to have agreed that blockchain technology can be a useful way of doing this. When it comes to selecting from different blockchain technologies, Ripple has won out, and perhaps for good reason. Ripple is focused on facilitating cross-border transactions and may be used to complete transfers across multiple distributed ledgers.

The National Bank of Abu Dhabi will reportedly integrate the Ripple protocol into its existing infrastructure. The result is that regional customers of the bank will have the ability to transfer funds to beneficiary accounts instantly. All of their transactions will take place in real time. That the United Arab Emirates, the home of the bank in question, is one of the top remittance-sending countries in the world, suggests that the Ripple technology will be put into broad use through this partnership.

Ripple Continues to Gain Attention

Ripple technology has gained increasing levels of attention in recent months as banks around the world have shown interest in its real-time payment flows. It is likely that other banks will be watching the results of the Abu Dhabi integration carefully to see how Ripple's distributed ledger system holds up under pressure. In the meantime, Ripple's currency, XRP, has grown considerably in price but has failed to see the same recent rally results that Ethereum and Bitcoin have. Should the technology prove successful in this latest partnership, perhaps Ripple will see concurrent benefits to its currency prices as well. If that is the case, Ripple may see even more banks around the world looking to enter into partnerships.

Chuck Reynolds


Marketing Dept
Contributor

Please click either Link to Learn more about -Bitcoin.

“Can’t Infer Every Organization Will Use Ethereum Blockchain”

“Can’t Infer Every Organization Will
Use Ethereum Blockchain”:

Agrello Chief Scientist

    

Agrello is designed to be a cross-organizational network.

It calls itself blockchain-agnostic.  “You can’t simply infer by default that every organization will use Ethereum blockchain,” says Agrello Chief Scientist Alex Norta. “Some organization might prefer to use Quantum, Lisk or a variety of other such platforms.” Some even take Ethereum and make it their own. Agrello therefore seeks to place legal systems on a blockchain (or multiple blockchains), and has adapted a multi-blockchain approach to legally-binding smart contracts. With that said, the company announced last week it would ‘homestead’ – that is, primarily build upon – the Ethereum blockchain system.

But, Agrello doesn’t believe blockchain can do such heavy lifting on its own, pledging to integrate artificial intelligence with the blockchain technology pioneered by Ethereum. Belief-desire-intention (BDI) software enables AI agents to prioritize action. Agrello contends this is the only way to make smart contracts work. By fusing the world’s of artificial intelligence and blockchain, Estonia-based Agrello strives to deploy a distributed platform the legal system. While the platform has announced compatibility with multiple blockchains – including Metaverse, Antshares, Lisk, Qtum, RSK, Ethereum Classic, and NEM – its developers announced last week it would develop its fundamental prototype on Ethereum.

Agrello’s platform could enable everyday users to create their own legally-binding agreements on a blockchain through smart contract agreements. Central to its design is the automation of resource allocation in its multi-blockchain system, according to the blog post by the company announcing the Ethereum focus. Smart contracts, the Ethereum-technology explored by blockchain consortiums, has heretofore been inaccessible to the everyday user, the company contends. Especially when it comes to an official use such as the legal industry. Agrello is determined to create ‘plain English’ smart contracts. That Agrello’s system includes a “graphical interface”, says the company’s Lead Engineer, Alex Norta, will make smart contracts easy to assemble.

It’s easy to see why Agrello would incorporate the Ethereum blockchain. Having been experimented upon by multinational technology firms and financial institutions, developers flocked to Ethereum quicker than any other blockchain format, including Bitcoin. “Operating at the intersection of the legal system, financial institutions and disruptive technologies, Agrello is highly dependent on the establishment of good industrial relationships with the off-chain world,” wrote Hando Rand, Agrello Chief Executive Officer, in the company’s blog post. “We regard the work done by the Ethereum foundation on this matter as invaluable, and seek to be an active player in the field, lending our hand to promote this effort even further.”

Rand added in the blog: “Agrello employs Artificial Intelligence modules, graphical interfaces, and text-to-code compilers, which will naturally have to operate off-chain,” writes “The function of the blockchain in the Agrello system is mainly as a record-securing device. Proofs of performed obligations, hashes describing Agrello smart agreements, and logs of activity are stored and time-stamped on the blockchain, providing the immutability the Agrello system demands, while the rest of the system can securely run on the client side.”

Agrello’s plan is to make its smart contract technology courtroom ready. “Once we feel comfortable, that our technology can provide for what I explained before, we are also looking to play this through in several courts around the world to already create a precedent, so that our users find it easier to use our contracts in court themselves,” Hando Rand told Crypto Coins News. “We are heading the route that all people doing the contracts have gone through identity verification, which is revealed in a sufficient manner to the opposing contract party.” Despite a dedication to development on Ethereum, Agrello will still develop features for Metaverse, Antshares, Lisk, Qtum, RSK, Ethereum, Classic and NEM. The advantages of each one of the systems are different.

Metaverse highlights its Digital identity functions. Antshares highlights anti-money laundering and know your customer advantages. Lisk highlights blockchain application and sidechains. Qtum highlights its mobile functionality for business. Rootstock (Rsk) highlights its security by merge mining. Nem underscores its API Access, built-in Multisig, a unique Proof-of-Importance (POI) algorithm. Ethereum is known for decentralized applications and smart contracts. With diverse platforms to choose from, Agrello’s announcement of its homestead as Ethereum, hints that Ethereum is continuing to attract developer talent among other cryptographic assets. By homesteading on Ethereum, furthermore, Agrello will be able to issue an ERC-20 token.

Chuck Reynolds


Marketing Dept
Contributor

Please click either Link to Learn more about -Bitcoin.

Is Ethereum Set to Become the #1 Cryptocurrency?

The Flippening:
Is Ethereum Set to Become
the #1 Cryptocurrency?

 

    

Dubbed “The Flippening” by cryptocurrency enthusiasts,

the scenario in which Ethereum surpasses Bitcoin and becomes the number one cryptocurrency has been setting the community abuzz, as it seems it’s only a matter of time before the people’s money becomes number two. Ethereum’s Ether token was worth about $8 in early January, and has surged almost 5,000% this year to reach a $412 all-time high, according to data from CoinMarketCap. Bitcoin, on the other hand, started 2017 at around $960 per coin, and has recently been flirting with the $3,000 mark, before dropping over 10% of its value. Earlier this year, Bitcoin’s dominance was above 80%, but over time Ethereum and other altcoins have been growing at an incredible pace – so much so there are now 7 cryptocurrencies with a market cap above $1 billion. At the time of press, bitcoin’s dominance is at 40.48%, while Ethereum has already gotten to 31.87%.

Ethereum’s incredible surge has been fueled by various factors. Among them, the increasing popularity of Initial Coin Offerings (ICOs) such as that of Brave browser’s Basic Attention Token (BAT), and the success of the Ethereum Enterprise Alliance’s adoption by various Fortune 500 companies, among others. Right now, Ethereum’s total market cap is of $35.53 billion, while Bitcoin’s is at $44.74 billion – less than $10 billion separate the two cryptocurrencies. This is still a huge gap but, as Bruce Fenton put it on Twitter:

“The Flippening is Nigh”

One of the top threads on the r/btc subreddit states that “The Flippening is Nigh”, and in it users are now discussing what went wrong for bitcoin nearly be losing its number one cryptocurrency spot to Ethereum, while pointing fingers at members of the community. According to The Flippening website, however, Bitcoin is still above Ethereum in value and in search interest in Google, as everything else has already been overtaken. Ethereum’s tradng volumes were of $2.346 billion in the last 24h, while Bitcoins’ were of $2.282 billion, Ethereum has a larger number of nodes, and a larger number of transactions being processed.

At the time of press, Ethereum takes up 79.4% of Bitcoin’s market cap. On the r/ethtrader subreddit, Ethereum users are even being encouraged in one of the top threads not to troll bitcoiners. Although most speculate that Bitcoin’s endless scaling debate is what’s stopping the cryptocurrency from escaping the situation, others believe that The Flippening will indeed occur, although only for a short period of time until Ethereum’s bubble bursts. Speculators believe that a lot of ICOs won’t deliver on what has been promised so far and that, as such, Ethereum prices will eventually crash.

Moreover, even if Bitcoin becomes the number two cryptocurrency, it still holds all of its potential. Bitcoin is being adopted by a large number of businesses and is already a legal currency in Japan, for example. If Ethereum manages to overtake Bitcoin and become the number one cryptocurrency for a long time, this only means the impact its smart contracts can have is increasing and that blockchain technology is successfully changing the world.

Chuck Reynolds


Marketing Dept
Contributor

Please click either Link to Learn more about -Bitcoin.

Top Most Hyped Up Cryptocurrencies Right Now

Top Most Hyped Up Cryptocurrencies Right Now

                             It is apparent there is a lot of excitement in the world

of alternative cryptocurrencies. Plenty of coins are seeing significant value increases, although not all of them will have a place in the mainstream world. Below are some of the altcoins gaining a lot of value as their mainstream potential continues to grow.

Augur

Every cryptocurrency enthusiast will have heard of the Augur project. By creating a decentralized prediction market where users can wager on any event taking place at any given time, Augur sees a lot of merit in using the wisdom of the crowd. The platform will be powered with REP tokens, which have seen a fair value increase these past few days. About a week ago, the value per REP was US$5.35, which has now increased to US$10.16. Keeping in mind how there are only 11 million tokens, this value could go up even further in the coming months. Then again, investing in Augur should not be done for short-term gains by any means.

Factom

Even though the Factom project is quite intriguing, a lot of people tend to overlook the platform’s native token. Factom stores records on the blockchain and anchors them to the Bitcoin ledger. It appears people are finally realizing the potential Factom holds, as its native token’s value has increased from US$2.63 to US$4.41 in just seven days. Impressive momentum for a somewhat undervalued project.

Dash

The rise of Dash‘s value cannot be ignored by anyone in the world of cryptocurrency. Even a DDoS attack against a few hundred masternodes could not disrupt this price increase by any means. Even though Dash’s value is retracing a bit after a steep rise, things are still looking quite positive. Over the course of one month, Dash’s value has gone from just over US$21 all the way to US$90. It even surpassed US$100 yesterday, but the price momentum could not be sustained for long.

Monero

Some people will gladly tell you a Monero price increase had to happen sooner or later. Anonymity-centric cryptocurrencies always tend to do well, and several darknet markets have shown interest in Monero as well. Things are looking very good for Monero these past few days, with a value increase from US$12.45 per XMR all the way to US$22 in a week’s time. It is interesting to see Dash and Monero experience growth around the same time.

Ethereum

People who are not glued to the exchange charts right now may have missed out on Ethereum‘s meteoric rise these past few days. Right now, one ETH is worth US$40.98, up from US$18.75 a week ago. Interestingly enough, Ethereum Classic saw its value increase as well, from US$1.33 to US$2.02. Although some people argue these coins are still one and the same ecosystem, there are some major differences between them. In the end, both coins’ market cap is increasing at the same time. Most intriguing indeed.

Chuck Reynolds


Marketing Dept
Contributor

Please click either Link to Learn more about -Bitcoin.

Top Cryptocurrencies in Japan

Top Cryptocurrencies in Japan

It is evident for everyone to see Japan is going crazy about cryptocurrency

right now. This is made possible thanks to the new regulations going into effect, which removed the 8% sales tax when buying Bitcoin and other cryptocurrencies. It is also interesting to note several cryptocurrencies are incredibly popular in Japan, whereas others are not that hot. All of the coins listed below are ranked based on their JPY trading volume.

MonaCoin

Although this particular cryptocurrency has eluded the vast majority of enthusiasts, MonaCoin is quite popular among JPY traders. It is listed on the Zaif exchange, where it can be traded against Bitcoin as well. MonaCoin was also one of the altcoins successfully activating SegWit before Litecoin did.

XEM

The native token of the New Economy Movement has seen its fair share of success in Japan as well. It is a currency maintained by a team of Japanese developers. Moreover, XEM – and its NEM blockchain – have made quite a name for itself in Japanese circles as well. Definitely a currency to keep an eye on moving forward.

Ethereum

A lot of people will be shocked to learn Ethereum is not all that popular when it comes to buying or selling it in exchange for the Japanese Yen. Then again, these are still the early days for cryptocurrency in the country, and things may continue to shift around for quite some time to come. Ethereum is very popular when traded against bitcoin, though, as is to be expected.

Ripple

It comes as quite a surprise to a lot of people to learn Ripple – or to be more precise, XRP – is quite popular among Japanese cryptocurrency enthusiasts. Various exchanges list XRP as one of their trading pairs, and it seems to do quite well overall. In most cases, XRP can be traded against the JPY only There is one big exception to this trend, though. The Mr. Ripple exchange – which is mostly known for buying and selling XRP –  trades the currency against the JPY, USD, Bitcoin, and Ethereum. Its JPY market is by far the largest on the platform, although the XRP/BTC market is quite popular as well. It is quite interesting to see Japanese exchanges dedicated themselves to one particular currency and even naming the platform after it.

 Bitcoin

Regardless of where one looks in the world, Bitcoin will always be the most popular traded currency against fiat. Japan is no different in this regard, as all exchanges allow for BTC/JPY trades by the look of things. It is due to this trading pair these platforms are so successful during the initial stages of Japanese cryptocurrency adoption.

Chuck Reynolds


Marketing Dept
Contributor

Please click either Link to Learn more about -Bitcoin.

Top Hottest Cryptocurrencies Right Now

Top Hottest Cryptocurrencies Right Now

    

 

The world of cryptocurrency is full of dozens upon dozens of altcoins

all fighting for their market share. Due to the overwhelming amount of coins on the market its hard to decide which coins are worth looking into and which coins are simply scams. Today we feature the top 5 hottest cryptocurrencies on the market RIGHT NOW.

Tether

Launched in late 2014 Tether is a cryptocurrency whose main focus is to keep a stable value. It works just like Bitcoin, but it has 2 major differences. First is the fact that each Tether (USDT) is pegged at $1 USD. If you look at Tether’s price chart you will see that it always has a value of $1. The way the currency accomplishes that is because every Tether is backed by a real US dollar. There is a trade off however for such a stable currency. If you would like to trade tether you need to provide some personal information to pass KYC / AML regulations.

The second difference is that Tether doesn’t have its own blockchain like most cryptocurrencies. Instead, it runs on the Omni Layer, which is a platform built on top of Bitcoin, allowing the issuance of digital tokens such as Tether. In a way, each Tether transaction is a Bitcoin transaction which is made through the Omni Layer. Tether’s market cap is ranked at number 21 and is at $14 million. If you are tired of the volatile crypto market and want to store some coins in a stable crypto asset, definitely look into Tether.

 Dash

Originally released in 2014 as Darkcoin, Dash is a re-brand of the cryptocurrency. It is a privacy centric project which was the first to use the X11 hashing algorithm, first created DarkSend, and also created the Dark Gravity Wave. This may sound like technical jargon but in short the X11 algorithm is just a modification to the SHA-256 mining algorithm that bitcoin uses. DarkSend is a feature which allows for a better obfuscation of transactions allowing for anonymous trade. Finally, the Dark Gravity Wave is a new way to adjust the mining difficulty. Unlike Bitcoin which adjusts its mining difficulty every 2016 blocks, DarkCoin uses the DGW algorithm to adjust it’s difficulty in an exponential fashion making a smoother difficulty adjustment.

In addition to the three above, there are much more features like InstantSend, Masternodes, and PrivateSend. Combine all those features with a dedicated development team and you get Dash. With a 24 hour trading volume of close to $2 million and a market cap of over $100 million Dash is definitely not going anywhere anytime soon. Currently each dash is worth $15 and the price seems to be on an uptrend.

Monero

Just like Dash, Monero is also a privacy centric crypto, launched in 2014 under the name BitMonero. Unlike DarkCoin which used similar codebase to that of Bitcoin, Monero was the first fork off a crypto-note coin – Bytecoin. In short, the main difference between bitcoin and crypto-note based altcoins is that one implementation of the blockchain is much more opaque. To be more precise, one can follow any Bitcoin transaction through it’s blockchain, and one can see which addresses send what amounts. However, the way crypto-note implements it’s blockchain makes it impossible to trace transactions through it. It is only possible to learn the approximate amount of each transaction, but the origin or the precise amount is hidden.

Monero is not just a clone of Bytecoin, the developers were able to find quite a bit of flaws in Bytecoin’s code and were able to improve on it. As with Dash, a strong development team is the key to a coin’s success. Monero is ranked number 5 by market cap which is at a whopping $166 million, and each monero is worth roughly $12. The 24 hour volume is currently close to $3 million and the price is also currently on an uptrend.

 Ethereum / Ethereum Classic

Ethereum is both a currency and a platform. Initially proposed in 2013 by Vitalik Buterin, in its simplest form it is a blockchain based application development system, think of it as an IDE, just like Eclipse or Visual Studio, in the cloud. It allows the creation of smart-contracts, which are agreements between two parties that are overseen by a computer program. It uses the Electrum Virtual Machine to allow for the creation of those smart contracts, and requires Gas (short for “Gasoline”) in order to execute those contracts and to prevent spam on the network.

The reason why there are two currencies, Ethereum and Ethereum class is due to the DAO fork in 2016 which caused the split. The DAO (Decentralized Autonomous Organization) was the first real attempt at creating a massive vehicle for autonomous investment capital management, and received close to $50 million in funding in the form of Ether. Unfortunately, it contained a terrible bug which allowed for any user to arbitrarily withdraw any amount of ethereum from the DAO and transfer it to another child DAO. After an anonymous attacker moved over $15 million in ether to the child DAO, the community came to a disagreement when it came time to fix the problem. Some wanted to revert the malicious transactions, while others thought that the rollback was unfair since the whole point of decentralized cryptocurrencies is that you cannot reverse transactions. This was the reason for the 2 forks, Ethereum reverted the theft from the DAO, while Ethereum Classic (ETC) kept rolling along. Ethereum Classic

supporters believe:

“The core value proposition of any blockchain is immutability; valid transactions can never be erased or forgotten. Individuals interacting on Ethereum Classic are governed by this reality; Code is Law.”

Both ETH and ETC have healthy trading markets which are currently at an uptrend. Ethereum’s 24 hour volume is at $12 million and it is ranked number 2 by marketcap at $960 million. Ethereum Classic’s 24 hour volume is at $3 million with a market cap of $124 million.

Bitcoin

Bitcoin needs no introduction, first created 8 years ago it has been the market leader ever since. Bitcoin’s market cap is a whopping $15 billion, more than 15 times its toughest competitor. After reaching an all time high earlier this month and plummeting right after, it seems that the market is recovering once again as prices peak $930. As always the safest cryptocurrency to trade with is Bitcoin as even though price fluctuations may be high, they will never be as high as some of these smaller cryptos. If you are a cryptocurrency enthusiast the above 5 markets are all worth taking a look at, think of them as mutual stocks. They are safe investments compared to what else is out there, however one thing is for certain, out of all the cryptos Bitcoin is a must have in your portfolio. Also make sure to checkout this list for the 6 hilarious cryptocurrencies that are actually worth something.

Chuck Reynolds


Marketing Dept
Contributor

Please click either Link to Learn more about -Bitcoin.

Top Alternative Cryptocurrencies on the Rise

Top Alternative Cryptocurrencies
on the Rise

In the world of alternative cryptocurrencies,

it is very important to keep a diversified portfolio. Not every coin going up in value has a legitimate use case, and there are quite a few pump-and-dump schemes to be wary of. However, some altcoins are getting a lot of positive attention due to the developers putting in a lot of hard work. Below are some coins which have recently achieved major technological breakthroughs, and are now seeing their value rise as a result.

BlackCoin

Although a lot of people have seemingly forgotten about BlackCoin, the cryptocurrency is still around. One of the main areas of focus for this project has always been to find ways to improve the proof-of-stake protocol. In a recent update, the BlackCoin developers have unveiled their Blackcoin Lore launch, which is a solution paving the way for smart contract potential.

Moreover, this new milestone will also make BlackCoin the first proof-of-stake digital currency to implement key components from Bitcoin Core 0.12. More importantly, this update paves the way for smart contracts on the BlackCoin blockchain moving forward. It will be interesting to see when this dream will be realized, but it is definitely something to look forward to. Additionally,the update allows BlackCoin to benefit from projects such as Blockstack and Joinmarket.

 Maidsafe

A lot of people were caught by surprise when the value of Maidsafecoin suddenly started to explode a few days ago. It seems the most recent development update has something to do with the price momentum, even though none of the updates are “major.” All of this goes to show the Maidsafe concept is inching closer toward finalization, which is good news for anyone looking into using a decentralized internet.

Stratis

It has to be said, the Stratis value has been a bit of a rollercoaster these past few weeks. With the value surging non-stop for nearly a week, it almost started to look like a pump. However, the value corrected quickly and is now seemingly stable around the US$9 mark. A new wallet update was released not too long ago, and it looks like developers are making good progress on the Breeze Wallet too. Moreover, it has been confirmed one can effectively mine PoS blocks inside the Breeze Wallet, which is a major development.

Siacoin

Siacoin has been of great interest to cryptocurrency users and speculators over the past few weeks. The world of decentralized file storage solutions is getting a lot more interesting, to say the least. A lot of users are experimenting with these solutions as a way to earn Siacoin for sharing excess hard disk space with people looking for storage solutions. Sia is one of the projects getting very close to providing actual decentralized file storage solutions to the masses. It is only natural the price of this native token goes up as well.

Ethereum

Although a lot of people would rather not think of Ethereum as an alternative cryptocurrency, it still fits into this category. That being said, the recent value increase of Ether has been nothing short of amazing. The value per ETH surpassed US$365 and seems to maintain that value with relative ease. However, there is still a question of how much of this price point is due to speculation, rather than “actual” value. For a cryptocurrency ecosystem with no supply cap, some people feel Ether is incredibly overvalued. Then again, the token is necessary for people looking to buy into most cryptocurrency ICOs.

Chuck Reynolds


Marketing Dept
Contributor

Please click either Link to Learn more about -Bitcoin.

Top Things You Can Buy With Bitcoin

Top Things You Can Buy With Bitcoin

Even though the concept of bitcoin continues to baffle quite a few people,

cryptocurrency is becoming a more common payment method month over month. With a growing number of merchants accepting bitcoin, the products and services one can buy with cryptocurrency become more varied. Below are some fine examples of how one can spend bitcoin and gain something valuable in return.

Ordering Food Online

All over the world, the trend of ordering food online has become more prevalent over the years. It makes a lot of sense to buy food online and have it delivered to your doorstep. Various of these platforms around the world accept bitcoin as  a payment method. Takeaway.com is one of the largest platforms to accept bitcoin and they have seen their fair share of success in the process.

Video Games

The video game sector has taken kindly to bitcoin these past few years. Prominent platforms, such as Kinguin, G2A and Steam have all integrated a bitcoin payment option into their platform. For the younger generation who is enthusiastic of bitcoin, this seems like a match made in heaven. Considering how most of these platforms also sell game time and other in-game prepaid cards, using bitcoin as a gamer has never been easier.

Gift Cards

Buying gift cards with bitcoin has become a breeze, albeit most of these efforts are focused on the United States and Canada. A wide range of platforms accepts bitcoin in exchange for either digital or physical gift cards. Gyft, eGifter and Cryptodechange are just  a few examples of places where one can buy a gift card with bitcoin. All of these platforms support a wide variety of online services and retailers, giving bitcoin users access to whatever their heart desires.

 VPN Services

In this day and age of growing surveillance, ensuring one’s internet activity is hidden from prying eyes becomes more important than ever. VPN services are a great way to surf the internet anonymously and at an affordable price. Interestingly enough, the vast majority of VPN service providers accepts bitcoin payments, due to its global appeal. There is a secondary purpose to using bitcoin as a payment option for VPN services. Unlike traditional payment solutions, bitcoin allows users to maintain their privacy during the signup and payment process. For those people who take privacy seriously, paying for a VPN with bitcoin is the ultimate combination.

Travel and Accommodations

More expensive items and services can also be paid with bitcoin these days. Booking a hotel through Expedia, for example, can be paid in bitcoin. Flights can be booked through that site as well, but there is also CheapAir to take into consideration. It is expected more travel operators will start to accept bitcoin payments over the coming years.

Chuck Reynolds


Marketing Dept
Contributor

Please click either Link to Learn more about -Bitcoin.

Ways to Quickly buy Bitcoin

Ways to Quickly buy Bitcoin

It has to be said, buying bitcoin remains a concept

a lot of people struggle with to this very day. Most exchanges do not make this job any easier, with lengthy verification processes and only being able to use a bank transfer to fund one’s account. Thankfully, there are some quick and convenient ways to buy bitcoin without too much hassle. Keep in mind one may need to pay a slightly higher price in exchange for this convenient service, though.

Credit Card

Although there are not too many services accepting credit card payments, those that do provide a near-instant gateway between traditional finance and bitcoin. Although users will still need to go through a verification process, it shouldn’t take more than 15 minutes to complete. There will be specific limits for newcomers looking to buy bitcoin with a credit card, though. These limits will be raised as the user generates more volume. Among the exchanges accepting credit – and even debit – card payments are the usual suspects such as CEX, Coinbase, Coinmama, and 247exchange. A few other platforms may offer a similar service, although it is advised users always do their own research first. Using a credit card for bitcoin purchases will invoke a fee that differs from platform to platform, though.

Bitcoin ATM

Users looking to directly exchange cash to bitcoin have a few options at their disposal. Using one of the many bitcoin ATMs around the world is a great solution to instantly buy cryptocurrency, albeit one may have to pay a slight premium fee. Most ATMs charge a 5% or higher surcharge, which is the price one has to pay for the added convenience. It is not difficult to find a bitcoin ATM these days, as there are nearly 1,000 of these devices in operation all over the world. That does not mean one can just go outside and stumble upon one in every region either, though. Rest assured the number of bitcoin ATMs will continue to grow on a global scale as more time elapses. Right now, nearly three bitcoin ATMs are brought online every day of the year.

LocalBitcoins/Peer-to-peer Trading

By far the fastest and most convenient solution to buy bitcoin is by using the LocalBitcoins platform or a wallet application with built-in peer-to-peer trading capabilities. Users can connect with sellers directly and pay using the payment method accepted by the seller. This can be cash, PayPal, bank transfers, or any other method one can think of. The same goes for peer-to-peer trading, a feature found in quite a few mobile bitcoin wallets right now. Peer-to-peer trading provides a lot of conveniences and also a certain sense of security since there are no intermediaries involved in the transaction. Peer-to-peer trades are always subject to a price higher than the current market average.

Chuck Reynolds


Marketing Dept
Contributor

Please click either Link to Learn more about -Bitcoin.