For some, cryptocurrencies are just an investment opportunity filled with speculation. For others, it’s a means of surviving. The latter is the case in Venezuela where hyperinflation has completely decimated the value of the national currency, the Bolivar. Trust in the Bolivar … [Read more...] about How cryptocurrencies are helping people in distressed countries
Bitcoin
What if Bitcoin could help mitigate climate change?
How do you like a juicy story with a brilliant and creative free-spirited character as its main protagonist, and a crazy plot to solve humanity’s biggest challenge—the very same one that has had governments dragging their feet for decades? The free spirit is James d’Angelo, who … [Read more...] about What if Bitcoin could help mitigate climate change?
Bitcoin to facilitate money transfers from developed to developing countries
Money transfers from developed countries to developing ones dominate the $582-billion global remittance market. In 2014 only 5 percent of transactions were digital, but the trend is shifting rapidly as mobile phones are becoming ubiquitous in developing countries. Digital … [Read more...] about Bitcoin to facilitate money transfers from developed to developing countries
NASDAQ marketplace experiments with Bitcoin technology
The digital currency Bitcoin is revolutionary because it operates as a decentralized system where transactions take place directly. No intermediaries require. “Blockchain” is the technology underlying the system, by which each transaction is recorded in a public ledger. A recent, … [Read more...] about NASDAQ marketplace experiments with Bitcoin technology
Bitcoin’s new competitor to be backed by gold
Digital currency Bitcoin has blazed a new trail away from the established monetary system. In its wake, metals and technology company Anthem Vault is to launch the Hayek on May 25. The new cryptocurrency will be valued at 1 gram of gold at the day's market price, serving “as a … [Read more...] about Bitcoin’s new competitor to be backed by gold
