Just when you start losing hope in the Indian financial sector and related Indian government institutions, some organisation comes forward to make you feel worse by stating what the statesmen should already know. Industry body Nasscom (National Association of Software and Services Companies) has opposed the recent proposal for banning cryptocurrencies in India, saying it is “not a solution”. Read more about NASSCOM stands against the crypto ban …
China is a country known to the West as one that bans all of its products and tries to develop them indigenously. It is considered to be one of the most important players in the cryptocurrency market. The decisions of the Chinese government affect the entire industry, but cryptocurrencies and Bitcoin have been in a dangerous position in terms of regulations. The existing Chinese cryptocurrency laws are pretty strict. Read more about China Takes a Favourable Turn on Cryptocurrency …
2018 turned out to be very problematic for all those who invested in cryptocurrencies as most of the cryptocurrencies underwent losses between 80 to 95% from their all-time highs.
That was a harsh lesson for amateur investors looking for easy profits, forcing a high number of them to quit the market as they were not able to handle any further losses. However, what happened to the cryptocurrencies in 2018 is no different than what happens in financial markets: a rapid price appreciation, inflating a bubble, which when it bursts, affects all stakeholders.
Now 2019 has come along and some people have decided to stay out of it following the 2018 punch. However, if you’re up for it, here is a list of cryptocurrencies you should watch out for in the remaining half of 2019.
It was in 2009 that Bitcoin was created by Satoshi Nakamoto, an unknown person/group/organisation. It is a way of carrying out transactions in a decentralised manner where the information for each transaction is recorded in a Blockchain.
Bitcoin price fluctuations are a source of worry to potential investors. After all, it’s not like buying a stock or a bond. There are no balance sheets to check or speculate in this case. And unlike investing in traditional currencies, bitcoin is not issued by a central bank or backed by a government, therefore the monetary policy, inflation rates, and economic growth measurements that typically influence the value of currency do not apply to bitcoin.
In its bid to jump onto the moving wagon, Facebook is facing scrutiny over their newly unveiled cryptocurrency. The social network’s announcement on Tuesday of its new cryptocurrency termed as Libra caught the attention of senior congressional finance committee members, global regulators, former lawmakers, and industry insiders who were quick to scrutinize.Read more about Did Facebook say (Ca)Libra? …
What is the blockchain technology?
The blockchain is a peer-to-peer distributed ledger technology that can be used for creating an unalterable and trusted record of transactions, which was initially introduced in connection with Bitcoin. Since then the blockchain has gained prominence in a number of traditional sectors such as finance, logistics & supply chain, voting and the like.
Cryptocurrency has made some of the major headlines in the year 2018, often making hefty turns up and down the price band, and making investors speculative of its future. The area of investment in bitcoins steadily picked up pace, ever since word spread about the alluring returns that Bitcoin has reaped for its investors. The world of Cryptocurrencies might be large in length and breadth but the same has not stopped curious souls from learning more about the digital currency.
784 0 Have you ever wondered where did the clothes that you wear, or the food that you eat come from? Before these products even hit the stores, there is a whole other chain of different interlinked elements that work on delivering these products to you. This connected sequence of processes involved in the production […]
A blockchain, is a growing list of records, called blocks, which are interlinked using cryptography. Each block contains information regarding a specific transaction. A blockchain is designed to be resistant to the modification of data. As each transaction takes place, it is stored in a block and added to the chain. In simpler words, blockchain is a digital ledger, where all the transactions are recorded and shared publicly.
Information recorded on a blockchain exists as a shared and continually updated database. The blockchain database isn’t stored in any single location, meaning the records it keeps are truly public and anybody can access the same. Information is decentralized and hosted by millions of computers simultaneously, thereby making hacking a most improbable event. While blockchain is often mentioned in association with cryptocurrency platforms like Bitcoin, the underlying technology has great potential in making the finance sector more efficient and transparent. As a radical technology for recordkeeping, blockchain technology is believed to change the future of finance in all aspects like accounting, asset registers, payments, trading, collateral management, and more.