Researchers from the University of Sydney, the University of Technology Sydney and the Stockholm School of Economics in Riga indicate that a quarter of all bitcoin users are associated with illegal activities. The use of bitcoin for illegal purposes has been quite a controversial aspect of the crypto world, although it always remain hidden in…
“All great ideas are dangerous.” Oscar Wilde Bitcoin is the bridge to a new, free, dependable, honest, and democratic world. Of course we can simply use Bitcoins for fun, profit, and online transactions if that is all we are after. For example, if we send money from our traditional bank account to an acquaintance of…
IOTA is promising. IOTA will enable nano payments. IoT devices can use IOTA to interact with each other and take actions if necessary. The devices will be able to transfer funds, keep records and send messages to each other without need of any centralised system. In IOTA, the device initiating the transaction will do a…
In the past, the simple way of looking at coins to invest would be to check top 100 in CryptoCurrency Market Capitalizations and invest in any of them. But after the rise of ICOs there are more than 1000 cryptocurrencies in the market. Most of them have no or little use. Many of them are veiled behind…
“Ethereum is a decentralized platform that runs smart contracts: applications that run exactly as programmed without any possibility of downtime, censorship, fraud or third party interference.” After developers started understanding the concept of blockchains, there brains start clicking with new use cases for blockchains. Not only a currency, the blockchain can be used for identity…
A few ideas that are currently being developed for consumers like me and you using blockchain, Bitcoin and Ethereum are: Abra. Similar to Venmo but based on the blockchain, Abra lets you send money internationally instantly. Storj. Decentralized Dropbox file storage that pays all participants for using their computer myceliaformusic. Founded by artist Imogen…
I recently got a message that a particular currency has increased by 100% in last 3 days. Should I invest in it? It may seem highly lucrative to invest in low cap coins which increase 100% in days time but the issue is not every currency listed on an exchange is investable. You need to be…
One of the biggest issue with Bitcoin is that from where we can buy them. Getting them is just like obtaining any other currency. You can buy them online via marketplaces like Zebpay, Unocoin etc or you can directly buy from another person. You can ask your friends to pay you back using Bitcoins (:D)….
In the past week, many newspapers and TV channels carried out a story that Bitcoin has been declared illegal in India. They declared this based on the statement by Minister of State for Finance Arjun Ram Meghwal that use of the digital currency was “illegal” and exposed users to potential violations of anti-money laundering rules….
If you are about to explore Bitcoin, there are a few things you should know. Bitcoin lets you exchange money in a different way than with usual banks. As such, you should take time to inform yourself before using Bitcoin for any serious transaction. Bitcoin should be treated with the same care as your regular…
