All tagged cryptocurrency
Companies and consumers are still waiting for THE mainstream opening / application for blockchain — and where cryptocurrency and finance have failed, gaming will succeed in a global breakout of adoption.
The biggest catalyst for the birth of today’s cryptocurrencies came from a 9-page white paper published by Satoshi Nakamoto, a pseudonym name for an anonymous person or group, in October 2008.
Despite the increasing levels of awareness with this new technology, industry insiders still have difficulty explaining to the general public what blockchain is and what potential it has, making it difficult to build belief for the masses.
Enthusiasts behind bitcoin and other cryptocurrencies firmly believe that today's fiat currency will become a thing of the past. The principal elements behind the utility of traditional fiat money are somewhat comparable to crypto with even more added benefits that go beyond cash....
With all the hype around cryptocurrency these last 6 months, industry enthusiasts are looking to help educate the general public on what truly is considered crypto and what isn’t.
Bitcoin, and the cryptocurrency movement, evolved from the financial crisis of 2008 as an industry solution that could stand alone on its own, without an intermediary or governing authority. In the last 10 years, the crypto sector has gained popularity and mass appeal from its tremendous growth (especially in 2017). Despite all the headlines, there is still some mystery as to how cryptocurrency can benefit the global financial system, and what else exists beyond Bitcoin.
When it comes to cryptocurrency, everyone already knows about Bitcoin and some are familiar with Ethereum, but what about Ripple? As the 3rd largest crypto by market cap, Ripple has risen to fame with its promise of real-time, low cost global transfers - - but, how close is the company and its currency (XRP) to realizing this potential?
As cryptocurrency markets start heating back up, there’s increased debate about how investors should categorize this controversial value source. Three regulating agencies in the U.S (SEC, IRS, FinCEN) all disagree - - considering it a security, property, or a currency (respectively). Is cryptocurrency even a financial asset or something completely on its own?
As 2018 rolls along, blockchain continues to be a huge buzzword full of tremendous future potential. With all this attention and promise of innovation, why has the technology not gone mainstream already to the masses? The answer lies in creating a clear understanding for everyone, which can be definitely be catapulted by a gaming app.
Trouble keeping up with the latest cryptocurrency and bitcoin news and trends? It's even more difficult to be clear on what governments are regulating worldwide on a country-by-country basis. The existing gray area of where crypto exists in the financial system and lack of unison from nations have created this mixed stance.
Image credit Mashable
The recent struggles for Bitcoin to get back to its 2017 peak (or even the $10,000 price point) have many in the finance world thinking the downward spiral has started already. Stefan Hofrichter, a leader of well-known money manager, Allianz Global Investors, agrees based on what has happened in the past with bubbles.
Although Bitcoin has been on the steep decline in 2018, its fluctuations throughout the years are part of its 9-year history from less than $0.01 (October 2009) to its all-time high of $19,783 (December 17, 2017), and most recently $6000 (start of February 2018).