In an SEC filing last Feb. 08, Elon Musk’s Tesla stated investing $1.5 billion in bitcoins, in line with the company’s future plans of accepting BTC payments. Naturally, Tesla’s move had further boosted bitcoin’s price, bringing it to a record high of $46,800. This new development has sparked greater interest in bitcoin mining, being a more affordable approach to increasing one’s crypto assets. However, those new to bitcoin are unaware that such development is also expected to further increase difficulty in mining the world’s most popular cryptocurrency. While learning to mine bitcoins may be easy, there is more to understand …
Category: Cryptocurrency
Cryptocurrency Trends That Would Influence Cryptocurrency Transactions
In recent years, the cryptocurrency market has developed and gathered a great deal of attention from existing and potential users. Numerous trends have influenced and prompted the adoption of cryptocurrencies, such as making use of them for quick payments as well as to avoid huge transaction fees from intermediaries, whereas others make investments where they hope the values rise. Cryptocurrency Trends That Would Influence Crypto Transactions With the various cryptocurrency trends, even more people are now showing interest in cryptocurrency. As per Cambridge Centre for Alternative Finance, about 3 million individuals actively engage in cryptocurrency trading at any period. At …
Facebook’s Libra Cryptocurrency Facing Oppositions on All Sides
Facebook’s planned introduction of its Libra cryptocurrency is facing opposition on all sides that an actual launch by year 2020 could be stalled. As it is, U.S. legislators, financial regulators and government officials not only in the U.S. but also in EU countries are wary that a payment processing system running on blockchain technology and operated by Facebook, presents serious concerns and issues. Lawmakers cannot accept the social media company’s motives at face value, since the Libra business model when combined with the Facebook social site is regarded as much too invasive over users’ private information. In enticing FB denizens …