The Similarities and Differences Between Bitcoin and Forex Trading

Bitcoin and other digital currencies are currently making a splash in the world of finance. It’s a relatively new concept and there are a lot of opinions out there as to how to trade in Bitcoins and how to understand the changes in this market. One of the ways of explaining this phenomenon is to compare it to a type of trading that has been here for ages and that most of the brokers...

All about Bitcoin for beginners

The first name which flashes in our mind when someone says Blockchain or Digital Currency is Bitcoin. In my initial days of learning, when I tried talking to my friends about Blockchain technology many of them wouldn’t even have heard about it, the only name heard was Bitcoin. I think, today also in many part of the world Blockchain means Bitcoin. Since we are working on a series - ‘Cryptocurrency for beginners’, let’s...

An introduction to cryptocurrency wallet.

If you’re fascinated by cryptocurrency world and want to be a part of it, the first thing you need to do is to get a cryptocurrency wallet. To perform any transaction on blockchain, or trade any cryptocurrency, you must have a cryptocurrency wallet. What is a cryptocurrency wallet? A cryptocurrency wallet is a secure digital wallet used to store, send, and receive digital currency like Bitcoin, Ethereum and other altcoins. Just like physical wallet...

A beginner’s guide for ‘Cryptocurrency’

What is Cryptocurrency? Cryptocurrency, also known as Virtual Currency or Digital Currency is a medium of exchange that is created by and for the transaction over the blockchain. It consists of two terms ‘Crypto’ and ‘Currency’. The term ‘Crypto’ is the short form of ‘Cryptography’ which means the art and science of concealing the messages to introduce secrecy in information security. The word ‘cryptography’ was coined by combining two Greek words, ‘Krypto’ meaning hidden and...

SEC approved review of Bitcoin ETF

SEC approved review of Bitcoin ETF The Securities and Exchange Commission (SEC) has rejected an application to create an Exchange-Traded Fund (ETF) tied to the price of Bitcoin proposed by Cameron and Tyler Winklevoss on Friday, March 10, 2017. A couple of weeks later, Bats BZX Exchange, Inc. (the “Exchange”) submitted a petition for review pursuant to Rule 154(c) of the Securities and Exchange Commission’s Rules of Practice. After a month of wait,...

Bitcoin Mining Block Reward (Halving)

Bitcoin has a unique mining block reward strategy. Each time a miner successfully solves Bitcoin’s proof of work algorithm, he is rewarded a set amount of bitcoins agreed upon by the network. The bitcoins included in the block reward are all new bitcoins. This is the only way that new bitcoins are created. At present Bitcoin reward is 12.5 BTC per block. When Bitcoin was created, Satoshi Nakamoto (creator of Bitcoin) set some...

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