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Bitcoin has undoubtedly created a buzz all over the world. In the advent of cryptocurrency literacy, more and more people have gone crazy over buying and selling Bitcoins. But with this buzz comes more digital currencies that stood in their own niches. Litecoin is one of them. The use of Litecoin and its blockchain technology is very similar to Bitcoin’s. However, Litecoin was made for faster and cheaper transactions. As BTC experienced drastic changes in price, so did Litecoin. Specifically...
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There is no doubt about the success of Bitcoin around the world. Since it started booming, a lot of people grew more curious and wanted to find out what the buzz was all about. Bitcoin did not only penetrate the financial market and the entire web, but also disrupted them. It is now bigger than just a blockchain technology. It created a niche of its own. It continues to live and enable its users to manipulate and grow their assets....
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Have you ever heard of the name Satoshi Nakamoto? If you have, then you must be one of the many avid players in the cryptocurrency world. They say he/she/it is (or they are) the one who’s behind Bitcoin and its formulation. It’s amazing to talk about a name that sounds like a real person but is actually just coined for an unknown identity. And even when Bitcoin started booming all over the world, the real person or people behind the...
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Cryptocurrency has opened an entirely different venue for virtual exchanges since it began booming. Digital assets have been moved to and fro, and the value of the currencies have risen and dropped at a quick pace. Australia is one of the countries that have managed to impose regulations on trading and using the blockchain technologies such as that of Bitcoin. And while a lot of people go crazy about Bitcoin, Ethereum also paved its way to be recognised in the...
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Cryptocurrencies have become a mainstay of financial news since Bitcoin made headlines in 2017 for its exponential growth in value. Bitcoin has been around for several years, but it was only last year that it reached peak values. It remains as volatile as ever, opening 2018 with a 28% decline in January. It’s still more valuable than the rest of the altcoins, and it may take more time before it reaches stability.   What is Bitcoin? Bitcoin is a digital...
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These days, Bitcoin is almost a mythical asset. There was a report of a man buying $27 worth of bitcoins back in 2009, forgot about it, then received a return of 3,281,500% when he sold it in 2013. Bloomberg had an entire article about Bitcoin millionaires. There’s an 18-year-old who became a Bitcoin millionaire. And something called the Crypto Castle in San Francisco seems to be creating these crypto nouveaux riches like a factory. But before you jump in on...
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I’m sure you’ve heard of the term “cryptocurrency” and wondered how it works. Many people invest in it. You see it on your social media accounts. You’ve heard of it from people who have dabbled in it. Indeed, cryptocurrency has become a sensation throughout the world and all over the internet. Bitcoin is the first decentralised digital currency. To date, it is the most popular cryptocurrency and many people have already started to invest. But how do you buy Bitcoins...
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Today just after 1:30pm, Bitcoin (BTC) price dropped under $8,000 AUD on BTCMarkets. The price hasn’t been this low since October 2017.   This is what the order book looked like:...
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Note: I’m sure there will be more changes and updates from ATO and AUSTRAC in 2018, so I will keep this post updated with the most up-to-date information.   In today’s digital age, what seemed to be too futuristic ten years ago is now made possible. This applies to the concept of cryptocurrency. Who would have thought that assets could also be acquired, kept, and transferred digitally? Bitcoin has been the game changer because it’s the first decentralized cryptocurrency. And...
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Whether you heard about it from discussions on Bitcoin and the cryptocurrency market or from tech buffs who deem it as “the future of the Internet”, the term “blockchain technology” has gotten around. But what exactly is it?   Terms to Remember It’s easy to build up enough understanding of cryptocurrency to know how to buy and sell it. After the initial confusion of “Is there a physical bitcoin?” (to which the prompt answer is “no”), then you’ll find that...
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