It’s one of the most hotly debated questions in the world of virtual currencies: Is Tether telling the truth when it says that each of its digital coins is backed by one U.S. dollar? The answer could have big ramifications, given that Tether’s coin (also called Tether or USDT) is among the most actively traded cryptocurrencies -- treated by many as a substitute for the greenback on crypto markets around the world.
It is imperative for any crypto investor to be acquainted with financial jargon. For instance, hedge funds are platform where investors pool their money to be invested as a unit by a hedge fund manager. While the working mechanism of hedge funds is similar to mutual funds and unit trust, hedge funds tend to be more aggressive and aim to generate higher profits for their investors.
Investors are fickle, often turning to whatever fad investment offers the most immediate chance to get rich quick. Bitcoin drew in hordes of investors in 2017 as its price soared above the $10,000 mark, but its big declines so far in 2018 have caused the cryptocurrency to lose much of its momentum. Nevertheless, one thing that investors can't deny is that bitcoin has made its mark on the world, both with its huge gains in price and the increase in interest both from investors and advocates of blockchain technology more broadly.
Different Types of Cryptocurrency Wallets: A cryptocurrency wallet, aka a digital wallet, is a software program that stores your digital money. More specifically, it saves the public and private keys that can be used to send and receive cryptocurrencies or to pay and get paid using digital money. In fact, without crypto wallets, the whole idea of cryptocurrencies dies! In my book, Cryptocurrency Investing for Dummies, I get into details of different types of wallets and how each of them works. I also talk about how you can choose the right crypto wallet for you. Here I’ll explore the different types of cryptocurrency wallets out there, starting with the least secure ones.
As we approach 2019, it seems like it will contrast heavily with this ending year, with blockchain facing increased scrutiny by regulators and post-bubble market dynamics.
The following article originally appeared in CoinDesk Weekly, a custom-curated newsletter delivered every Sunday exclusively to our subscribers.
Backed with continuing adoption, crypto holidays have become a reality. At this point, flights and hotels all around the world can be booked with Bitcoin (BTC). Still, some cities are more ready to accept your BTC — and major altcoins — than others, depending on the local infrastructure and crypto-related policies.
Free and fair elections are one of the pillars of healthy democracies. From the United States to Sierra Leone, advocates of blockchain believe that the technology can bring a new level of transparency, fairness and efficiency to the electoral process. In spite of the enthusiasm of the blockchain community — and tentative support from political bodies — attempts to implement the technology have enjoyed mixed success and have faced impassioned criticism.
While United States regulators are still trying to figure out how to think about cryptocurrencies, Thailand’s government is already mapping out its own central bank digital currency.
Google is now selling a special $50 key that adds an extra layer of security when you access important online accounts. It's called the Titan Security Key, and I recently started using one.
We're living at a time of unprecedented concern over identity. Fears abound that our personal data is being abused by distant third-parties, while this data has become more valuable to us at a time when our identities and the identity politics we base around them have become more central to our lives. It's in this context that blockchain technology has appeared, and while its application beyond cryptocurrencies is still limited, protecting our online identities and data more securely looks set to be one of its most central applications.
Cryptocurrencies have been quickly building momentum and breaking into mainstream audiences more frequently with each passing day. As businesses continue to open their services to users paying with bitcoin and other popular digital currencies, it’s becoming more important to have a quick and easy way to both access and use cryptocurrencies as you would any fiat currency. Moreover, in the fast-paced world of cryptocurrency trading, the ability to quickly check your balance and place trades is paramount to success.
Michael J. Casey is the chairman of CoinDesk's advisory board and a senior advisor for blockchain research at MIT's Digital Currency Initiative.
China has been on the verge of blockchain adoption as of late. The technology, in fact, has become part of the country’s national, president-signed program. The latest advancement in the field relates to the country’s old corruption staple — fake invoices used to embezzle corporate and state funds.
If you want to take advantage of the cryptocurrency at its ground level, you’ll have to act fast. The year 2017 showed tremendous increases in digital coin investments as a whole, 2018 and the coming years will be no different! Therefore, to get involved in cryptocurrency investmentthen you’ll some of the tips in this article.
Despite the fact that cryptocurrencies have been around for nearly a decade now, it is really only the last 12 to 24 months that the majority of today’s crypto holders started to take notice. And, while most of them are regular citizens from all around the world, it would seem that the crypto trend has extended its reach and interest to some of the biggest modern celebrities.
Nestled between the Rock and an airport runway, a football team are making history in Gibraltar. This time it is not the national side conceding an exorbitant number of goals (124 at the last count in four and a half years) or Lincoln Red Imps beating Celtic in the Champions League. It did not even happen on the artificial pitch of the iconic national ground, Victoria Stadium. Instead, Premier Division Gibraltar United have crept into the spotlight by becoming the world’s first football team to introduce cryptocurrency.
Cryptocurrencies — what are they? Money? Commodities? Securities? Utility tokens? Or something else? Few national governments seem to be in any kind of agreement on this question, and for now, at least, their divisions have given such currencies as Bitcoin and Ethereum a floating, indeterminate status on the global stage.