Posts

Showing posts from November, 2020

WHAT IS ETHEREUM?

Image
  The foundation for our digital future Ethereum is open to everyone. All you need is a wallet to take part. Ethereum is open access to digital money and data-friendly services for everyone – no matter your background or location. It's a community-built technology behind the cryptocurrency ether (ETH) and thousands of applications you can use today. Ethereum 101 Ethereum is a technology that lets you send cryptocurrency to anyone for a small fee. It also powers applications that everyone can use and no one can take down. It's  the world's programmable blockchain. Ethereum builds on Bitcoin's innovation, with some big differences. Both let you use digital money without payment providers or banks. But Ethereum is programmable, so you can also use it for lots of different digital assets – even Bitcoin! This also means Ethereum is for more than payments. It's a marketplace of financial services, games and apps that can't steal your data or censor you. So step into t

What is Bitcoin?

Image
Bitcoin is a  digital currency  created in January 2009 following the housing market crash. It follows the ideas set out in a  whitepaper  by the mysterious and pseudonymous Satoshi Nakamoto. 1  The identity of the person or persons who created the technology is still a mystery. Bitcoin offers the promise of lower transaction fees than traditional online payment mechanisms and is operated by a decentralized authority, unlike government-issued currencies. There are no physical bitcoins, only balances kept on a public ledger that everyone has transparent access to, that – along with all Bitcoin transactions – is verified by a massive amount of computing power. Bitcoins are not issued or backed by any banks or governments, nor are individual bitcoins valuable as a commodity. Despite it not being  legal tender , Bitcoin charts high on popularity, and has triggered the launch of hundreds of other virtual currencies collectively referred to as  Altcoins . KEY TAKEAWAYS Launched in 2009, Bit

Bitcoin Touches $18K, Crypto Asset Looks to Smash All-Time High, ETH Price Could Spike 20x

Image
  Bitcoin Touches $18K, Crypto Asset Looks to Smash All-Time High, ETH Price Could Spike 20x On Wednesday, November 18, 2020, the price of bitcoin has been coasting along at levels not seen since the decentralized currency’s all-time high three years ago in 2017. The cryptocurrency’s market capitalization is currently hovering at around $334 billion today. Likewise, the daily rate of bitcoin issuance during the last three years makes the overall market valuation higher than it was when bitcoin touched $19,600 per coin. Earlier this morning (EST),  bitcoin (BTC)  had surpassed the $18k per unit price zone, as the crypto asset has climbed a whopping 54% during the last 30 days. During the last 90 days against the U.S. dollar,  BTC  is up 53% and over the last 12 months against USD, the cryptocurrency is up a massive 123% to-date. Three years ago, bitcoin touched an all-time high of $19,600 on Bitstamp, but because of the three years of bitcoin issuance from miners,  BTC ’s market cap is

'Control the Pandemic' - Fed Chair Jerome Powell Predicts the Entry of a 'Different Economy'

Image
  'Control the Pandemic' - Fed Chair Jerome Powell Predicts the Entry of a 'Different Economy' Federal Reserve Chair Jerome Powell told participants at the Bay Area Council Business Hall of Fame Awards Ceremony on Tuesday that the economy will never be the same after Covid-19. According to Powell, the use of accelerated technology will change the way the global economy operates as his commentary was quite similar to the recent “Great Reset” agenda. This week the Federal Reserve Chair, Jerome Powell spoke about the economy and how he thinks things will be quite different going forward. Powell spoke at the annual Bay Area Council Business Hall of Fame Awards Ceremony on Tuesday and said his team is seeing increased Covid-19 restrictions. “We’re seeing states begin to impose some activity restrictions,” Powell  said  during the online discussion with the Bay Area Council. “The concern is that people will lose confidence in efforts to control the pandemic, and … we’re seein