Crypto Currencies: The Internet of Money (Digital store of Value)

This article will give an overview of what a Crypto Currency is, where they came from and what the crypto geeks among us expect for the future. We will briefly look at the two most important cryptos, the start of this phenomenon, the philosophy, the size and growth of the market, ICO’s (Initial Coin Offerings) and then take a final look at the most major happenings in Russia.

Google Allows Phishing Sites to Steal Your Bitcoins Through Ads (Must See, Dont fall for this google ad scam)

Bitcoiners beware — Google is allowing malicious “phishing” sites to create ads that appear right there in your search results. If you’re a newcomer to Bitcoin, or don’t carefully check the URLs of every site you visit, you could lose your money.

Malta's Prime Minister Tells UN That Crypto Is the 'Inevitable Future of Money'

The Prime Minister of Malta, Joseph Muscat, has said that cryptocurrencies are the “inevitable future of money,” and that blockchain can galvanize a more transparent and equitable society. The Prime Minister made his remarks in a speech addressed to the general debate of the 73rd Session of the General Assembly of the U.N. September 27.

Dubai to Issue 1st Ever State Cryptocurrency

 

The area government in Dubai has officially launched its cryptocurrency called emCash, according to announcements by local news media outlets. The cryptocurrency could be useful for payment of governmental and nongovernmental services.

Based on Ali Ibrahim, Deputy Director General of Dubai Economy, the token will soon be considered legal tender “for various government and non-government services, from their daily coffee and children's school fee to utility charges and money transfers.”

Jamie Dimon Comments on Bitcoin Yet Again, Says He Doesn’t Give a Sh*t About It

On the eve of the 10th anniversary of the Bitcoin (BTC) white paper, Oct. 30, JPMorgan CEO Jamie Dimon found himself speaking yet again about the leading cryptocurrency, notwithstanding his track record of attempts to extricate himself from the debate.

As CNBC reported Oct. 31, Dimon made his “reluctant” comments at the Axios conference in Los Angeles on Tuesday. Referring to his now-notorious statement that Nakamoto's invention is little more than a “fraud,” the CEO told the audience:

Brother, Can You Spare a Bitcoin? Miami Mansion Is Listed for About 1,400BTC (or $6.5M)

 
It wasn’t long ago that bitcoin was virtually worthless: In 2011, anyone could buy a single unit of the digital currency for around $1. Today, it would set you back $4,600. A $20 investment in bitcoin six years ago would be worth more than $92,000 today.

The world’s newly minted bitcoin millionaires are now hunting for big-ticket items to buy with their cryptocurrency. And what better place to drop some cash, virtually or otherwise, than some luxury real estate?

Expert: Why People Should not Listen To Warren Buffet

In our Expert Takes, opinion leaders from inside and outside the crypto industry express their views, share their experience and give professional advice. Expert Takes cover everything from Blockchain technology and ICO funding to taxation, regulation, and cryptocurrency adoption by different sectors of the economy.

If you would like to contribute an Expert Take, please email your ideas and CV to us

The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of  BuybitcoinsinNigeria.. This article does not contain investment advice or recommendations. Every investment and trading move involves risk, you should conduct your own research when making a decision.

There has been a time when a saying was popular on Wall Street: “when Warren Buffet speaks, you listen.” Now Wall Street is better not to listen, if they do not want to become history faster than Kodak or Blockbuster.

China Ban on ICO is Temporary, Licensing to be Introduced: Official

During an interview with state-owned national television network CCTV-13, Hu Bing, a researcher at the Institute of Finance and Banking, a Chinese government-supported academic research organization, claimed that the government’s ban on initial coin offerings (ICOs) is only temporary.

The Chinese Academy of Social Sciences and its Institute of Finance and Banking are affiliated with the State Council of the People's Republic of China, the chief administrative authority of the People’s Republic of China. The Chinese Institute of Finance and its researchers are considered to be a government institution and government officials.

Meet Top 10 Richest Bitcoin Millionaires

Digital cryptocurrency Bitcoin was completely underground when it was launched in 2008. The notion of a strictly digital currency not centered on fiat was considered before, but Bitcoin was the first mainstream execution of the concept. Bitcoin became a worldwide sensation when its value hit $1000 in 2013. Early adopters and investors in the currency became Bitcoin millionaires as a result.

Continue reading after the jump break

Boycotting the state: 6 of the world’s largest banks have teamed up to create a new form of digital currency.

The institutions, including Barclays and Credit Suisse, will be working on the so-called “utility settlement coin,” created by the Swiss banking giant UBS to make financial markets more efficient.
The new cryptocurrency will aim to enable the clearing and settling of global financial transactions over blockchain technology.

Bitcoin Price is Headed to ₦9,150,000 ($25,000) Despite Recent Setbacks: Researcher on CNBC

The value of Bitcoin may now be compared with that of gold as it’s likely to be heading ₦9,150,000 $25,000 in five years according to Tom Lee, Head Research of Fundstrat Global Advisors and Former Managing Director of JP Morgan Chase.

He said it in his recent interview with CNBC’s Fast Money program.

Half Of All Bitcoins Are Spread Across 1,800 Wallets

The Bitcoin Whales Are Slowly Increasing Their Dominance, As Opposed To Retail Holders And Investors

The conducted research by PARISQ (a blockchain monitoring and compliance organization), stated that half of the entire BTCs in circulation is being held by only 1,800 wallets. The concentration of Bitcoins is 50 times higher than the concentration of global wealth, shows the report. Ethereum is even more concentrated – the ratio between Ethereum and global wealth concentration is 300:1.

Traditional Banks Hate Crypto: Expert Blog

Digital currency’s total market capitalization is around $500 bln and the total funds raised through ICOs now exceeds $3 bln. However, the Bubble Generation isn’t accepted by traditional banks (even by neobanks). Various banks around the world are not happy about people buying Bitcoin. We have seen multiple banks close customer accounts because of this activity.

Northern Ireland Property Developer To Accept Bitcoin

Hagan Homes, among Northern Ireland's biggest residential property developers, will now be accepting Bitcoin (BTC) as a payment method, the Belfast Telegraph reported Feb. 22.

Jamesy Hagan, the managing director of Hagan Homes, said there's both an increasing international fascination with working, living, and purchasing Northern Ireland, in addition to a “significant growth in the usage of Bitcoin worldwide:”

Investors Pull Billions from Stocks As New Bitcoin, Crypto Options Appear

 
The withdrawal of funds from stocks and precious metals has coincided with the massive price increase of Bitcoin and other cryptocurrencies. It seems that investors have realized that Bitcoin is a more stable ‘store of value’ investment than gold.

'Digital Gold': Cryptocurrencies Skyrocket as Investors Swap Dollars for Bitcoins

Cryptocurrencies are gaining in value because many see them as a brand new form of digital investment that have advantages over the USD as well as gold, Economic Historian Dr. Garrick Hileman told revealed to BUy BitCoins In Nigeria Blog.

The price of Bitcoin was soaring to new highs during trading the other day, amid an upsurge in demand. In line with the CoinDesk Bitcoin Price Index (BPI), it broke through the $1,500 barrier  for the first time on Thursday; trading on Saturday has reached $1,550 so far.

Cryptocurrency exchanges shut down over heavy traffic, rollercoaster Bitcoin

The Bitcoin market hit record highs over the weekend before dropping further than it has in years. Several exchanges for the cryptocurrency suffered outages during the fluctuation, leaving customers unable to buy or sell for hours.

Coinbase, one of the most popular ways to buy and sell popular cryptocurrencies such as Bitcoin, ethereum and litecoin experienced an outage Monday. For several hours, buyers and sellers were met with a screen that read, “service unavailable.”

What is BLOCKCHAIN? The best explanation of blockchain technology

Bitcoin Fundamentals ‘Still Intact’ Despite Price Lows, Says Blockchain Intelligence Group

The 2018 cryptocurrency price decline is a result of investors’ “lack of education,” the CEO of Canadian firm Blockchain Intelligence Group (BIG) said in an interview published in German economics news outlet Finanzen.de Nov. 23.

Speaking with a representative of German investment bank GBC AG, BIG’s CEO Lance Morginn suggested the combination of entry-level investors piling in during 2017, regulatory uncertainty and standard principles of supply and demand resulted in the 2018 bear market.

Will Bitcoin crash in 2018?

Forget the Bitcoin bubble-talk and gear-up for surprise Mega-pumps

In the last few weeks, we saw a steep correction unfolding across cryptocurrency markets as a spate of hacks compounded worries that the world’s third-largest market for Bitcoin trade-South Korea-was cracking down on the nascent assets. Some cryptocurrencies lost as much as 90% of value, while Bitcoin dipped to a low of just below $9,000 after topping $20,000 at the end of 2017. As prices begin rebounding, however, it is apparent that the latest wild downswing and potentially the biggest reverse of 2018 was a healthy correction due to market overvaluation.