Cryptocurrency

Cryptocurrency talk can get confusing with its distinct and seemingly similar terms being interchanged continuously. As a result, cryptocurrency faced a significant challenge trying to take off and have the world embrace it upon its debut. To a large extent, most people had inadequate knowledge about it and thought of it as another pyramid scheme ready to rip them off.  To understand cryptocurrencies, it is better to grasp blockchains' mechanics - the underlying technology that runs digital currencies. Blockchain 101…

One of the concerns of crypto critics is their ability to allow people to do what they like against government regulations. A General in Iran (Saeed Muhammad) has suggested the utilization of crypto to bypass U.S. and UN sanctions. Saeed Muhammad is the commander of the Islamic Revolutionary Guard Corps that is under the Armed Forces of Iran. The country has been encountering sanctions from the United States over a long period, thereby disallowing her from participating in international trade.…

Recently the US Congress scheduled a new sitting on hearing about digital currencies. This hearing will majorly focus on the local and global ways to approach digital currencies. This meeting will be taking place on March 24.  The host of the hearing will be the House committees that focus on Financial Services, with the specific subcommittee tasked for that being the subcommittee on National security, international development, and monetary policy.   This is not the first hearing of the kind; several…

Blockchain and cryptocurrency form a technology that involves multiple streams of knowledge to function. Some of them, but are not limited to, include Economics, Network Theory, Cryptography, Distributed Computing, and Game Theory. It makes sense why people who are new to the field are easily discouraged from continuing learning. However, blockchain and cryptocurrency involve rigor and openness to learning new areas of knowledge. A new market has developed to help people understand the technology: the Market for Educators. Being as complex as…

Warren Buffet, on February 24, noted again in strong terms how much he dislikes cryptocurrency. During CNBC's Squawk Box interview, Warren reiterated that he does not think cryptos have any value, nor does he see any produce from crypto assets. Warren Buffet said the value of crypto is zero. He publicly announced that he does not own a single cryptocurrency, and he will never have it. His remarks came in an interview after he released the annual shareholder letter.  It's…

America's largest bank now claims that the banking sector isn't ripe for Blockchain adoption. In a recent report, JP Morgan Chase acknowledges that the ongoing blockchain developments are the foundation for the adoption of digital currencies. However, it holds that full adoption will take years. The report also suggests that the bank is looking beyond blockchain technology. According to the report, the foundations for mainstreaming blockchain adoption, expedited payments and digital currencies is already set. It estimates that it will…

Pump and dump schemes are typical in the microcap stock market and are now making their way into the cryptocurrency industry. Although these schemes provide an excellent way of making a quick profit, they are risky. Unfortunately, new crypto investors don't know much about these schemes and often fall prey to the scams.  Trading in cryptos is risky; therefore, it helps to know what to avoid and how. This article will delve into the details of the cryptocurrency pump-and-dump schemes. What…

Bear markets are brutal when they hit. Fortunately, they tend to be much shorter when compared to Bull Markets. But if investors are not well equipped strategically, a small drop will make them panic sell, which could wipe away all their savings. A Bear market is any market condition that shows a downtrend after considerable growth. Most investors consider the bear market an indicator of a failing market and industry. But to a seasoned investor, the bear market represents an…

Two men were apprehended by Dutch tax enforcers with the Netherlands’ Fiscal Intelligence and Investigation Services (FIOD). Their arrest was due to alleged laundering involving cryptocurrencies worth millions of Euros. The development was revealed in a joint statement by the Joint Chiefs of Global Tax Enforcement (J5). FIOD arrested them on the basis of separate cryptocurrency tax evasion investigations, and the agency was able to recover almost 260k in unmentioned cryptocurrencies as well as over 6.6 pounds of gold. Some…