It has definitely been a rough ride for cryptocurrencies in 2018, and Bitcoin in particular. The controversy really started in 2017 when South Korean and Japanese crypto exchanges were assaulted, and hackers managed to hightail it with a fair bit of crypto assets. It wasn’t long before it was reported that Bitcoin is, in fact, a sweetheart to criminals from all over the world. A report has pointed out that the Bitcoin’s price was high for one specific reason – criminals used it to do their dirty deeds.
Of course, it stands to reason that when faced with a currency which bestows complete anonymity on its owner, it would be unwise to make it accessible to all and sundry. Some of [...]
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 have been among us for a while now. Without any definitive legal guidance, nobody knows what will happen to the future of cryptocurrencies, but it is healthy to stipulate. Several scenarios exist. Cryptocurrencies may stick with us for a while longer, but they will dramatically change their shape. Most experts agree that as they are, cryptocurrencies represent a form of property rather than a meaningful token that you could use to do something practical, such as purchasing groceries.
Many ideas about the future of cryptocurrencies have been put forward. For starters, people should need to utilise the cryptocurrency to specific ends, such as covering bills and [...]