China has kept a relatively hawkish stance on cryptocurrencies, refusing to give up the power to a digital asset that would completely undermine the rule of the party. Instead, the country has focused on working around cryptocurrencies by banning them flat-out. However, China has been prescient enough and in its attempts to extricate itself from the current financial order, the country has sought ways to completely overhaul the established financial order instead. The upshot is quite telling. Today China spearheads the digital revolution completely unabashed.
The Chinese Status Quo
China has been toying with the idea of bringing around a digital revolution for a [...]
It has long been said that cryptocurrencies that require proof of work are in fact quite the energy-consuming little devils. By one estimate, the amount of energy that goes down in mining Bitcoin, for example, across the globe easily equals the amount of power Denmark needs to feed its electricity needs for an entire year.
Understandably people have been concerned about the prospect in mining Bitcoin and losing money over it. Back in 2010, when the craze around Bitcoin began, many people just shrugged off the utility bill mark.
In fact, many of us even purchased their first rigs (the computer configurations used in mining) without asking ourselves if we [...]
The next hot investment bed for cryptocurrencies may take you by surprise. It is not Asia, but South Africa. Located in the world the world’s youngest continent, the country is now pursuing an unprecedented growth and it will see the majority of its population invest in digital gold. Even though the percent is not overwhelming, at 47%, it is a significant and respectable chunk of young Africans that are interested in pushing ahead with an investment of this stature.
Regulatory concerns have not been sufficient to disperse the enthusiasm of would-be investors. According to MyBroadband 2018 Cryptocurrency Servey conducted and concluded in April, revealed the trend in earnest. [...]
Cryptocurrencies come and go, quite literally at that. Now a new breakaway from the pack may be shaping up. Enter EOS, one of the majority’s funnest cryptocurencies to enter the fray for digital recognition.
The digital coin was launched back in 2017 when little suggested that it may explode in the way of profitability and generate a significant uptick. With Coindesk predicting a similar future for the coin, though, now more experts than ever are focusing on what EOS may bring the world of crypto and investors are now exploring all the possibility.
Speaking of EOS Highs
Let us first examine the price tag there. EOS may have started moderately, but it has [...]
