The major United Kingdom daily broadsheet The Guardian published an article by the former chief economist at the International Monetary Fund (IMF) who stated the famous cryptocurrency Bitcoin (BTC) as a “lottery ticket”. The article came out in the recent downfall of the crypto market and its author current Harvard Professor of Economics and Public …
Continue reading "Chief Economist at IMF places Bitcoin’s future value at $100 instead of $100,000"
Revenues earned by Bitcoin (BTC) miners during the last six months of the year 2018 have already outshined the results from the previous year, but the miners themselves are seeing very little profit in this activity, as reported by the weekly crypto news and media outlet Diar on 8th October Monday. According to the report …
Continue reading "Current Market Leave Only Two ASIC Bitcoin Mining Rigs Profitable"
Bitcoin investors have been trying to figure out who is responsible for the recent decline of the cryptocurrency’s value. The situation became so worse that majority of the crowd backed out from the space. Only hard and fast supporters of cryptocurrency such as Chinese crypto miners and institutional cryptocurrency investors have decided to remain in …
Continue reading "Market decline causing more Chinese crypto miners to sell short"
China which used to be a country criticized by the international community for prohibiting the trading of cryptocurrency, is now one of the leaders in developing the technology which backs cryptocurrency. Ever since China has aimed at embracing modern technology to enhance the lives of its citizens, like making available mobile payment methods, fast railways …
ETF, which is an abbreviation for Exchange-Traded Fund, is a fund that is traded on a stock market. ETF work just like investment funds which enables the public easy access to an index or artefact giving investors the same profit as other major markets do. Hence the ETF stocks are the most popular ones among …
Developed in the year 2008 Blockchain technology has demonstrated significant potential in bringing innovation in various financial areas. Even in its initial stages the technology has deranged many different business sectors and industries. The features of blockchain which make it very alluring for applications in business sectors and industries around the globe include decentralization, unalterable, …
Since their advent cryptocurrencies have been in a difficult relationship with the media or news outlets that cover them. Even though there are plenty of opportunities for both to prosper, major news outlets and the crypto community have from time to time found themselves betting against each other. After all the rise of Bitcoin from …
Continue reading "Study shows Media coverage of Crypto peaked after the Market had a downfall"
Cybercrime is a big problem for all entities that are present on the internet, there is no denying it, but when you consider cryptocurrency, the crime seems to be taking place at an unparalleled scale. According to information provided by two separate cyber security firms namely Group-IB and Recorded Future, a total of almost $882 …
The year 2018 began with crypto experts estimating that the prices of various cryptocurrencies would depend on the levels of Bitcoin. Bitcoin seems to be following a trend in which usually its value inflates during the fall and winter period and hence the same was expected of Bitcoin this time of the year. In November …
Continue reading "Bitcoin sails into December floating above $4200"
The wind power plant is the largest project of its kind in Africa and is primarily aimed at cutting electricity costs and dependence of Kenya on fossil fuels. The nation plans to rely solely on 100% green energy next year and the latest wind power plant will help move the country towards this goal. The …
Continue reading "Africa’s largest wind power plant opens in Kenya"
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