2.Though they have been used for a long time, there are a number of issues.Security. If someone has access to the server with the information, any data can be added, changed, and removed.Reliability. If there are a number of requests, the server can break down and no longer...
Indian Finance Minister Arun Jaitley has claimed that the government of India is yet to recognize Bitcoin as a legal tender in the country as of late November 2017. He did point out that the recommendations regarding the possible legalization of Bitcoin and other virtual currencies across India...
One in four millennials are investing their hard-earned money in the leading digital currency Bitcoin instead of opening traditional bank accounts. They claim that they earn more from their Bitcoin investments and their money is safer, according to a survey.Based on the survey conducted Blockchain Capital, 70% of...
Bank of France governor Francois Villeroy de Galhau has said that Bitcoin is not a currency - and not even a cryptocurrency.In remarks at a Beijing conference, Villeroy stressed the need for “clarity” on Bitcoin’s status, while introducing an unusual angle which so far has not surfaced as...
In a speech during the Financial Stability and Fintech Conference, Vice Chairman of Supervision, Randal K. Quarles made it clear that the Federal Reserve’s (Fed) position on cryptocurrencies is one of extreme caution. Instead, Quarles suggests that the government partner with current banking systems to create solutions in response to...
The price of the top digital currency is well above the means of many, especially in Africa. A Bitcoin in Nigeria, for example, is now worth over N3 mln. This is a far reach in a country where half of its approximately 200 million people live on less...
The onset of Blockchain into the world’s financial markets has brought with it many new ideas, introduced rapidly to wide-eyed market participants over the last few years. Despite how far we’ve come, however, all the progress we can currently boast about was predated by a simple product called...
Goldman Sachs’ CEO Lloyd Blankfein has been one of the most open-minded Wall Street CEOs on Bitcoin. He isn’t a Bitcoin bull like Michael Novogratz; but neither has he derided the currency as has JP Morgan Chase CEO Jamie Dimon.In fact, Blankfein has even pointed out that people...
It appears when perusing CoinMarketCap that the biggest competition for Bitcoin would be number two - Ethereum. However, according to the Motley Fool, the biggest risk for Bitcoin may actually come from somewhat lower - Litecoin.Litecoin was created by Charlie Lee in 2011 and uses similar protocols as Bitcoin. According to the...
Cryptocurrencies have taken the world by storm in the past few years and that has led to larger countries like Russia and China imposing bans on their trade.While those superpowers flex their muscles to the detriment of various virtual currencies, emerging markets are starting to catch on to the wave...