Posts in Category: Bitcoin

Many resources have announced about the pursuing of Bitcoin and other cryptocurrency investors on the part of federal financial audits in Canada.

As soon as cryptocurrencies came to be, they entered different arenas. Some countries use them to circumvent sanctions, and some use them to rescue their economy and reduce inflation. These cryptocurrencies have found their way in the field of agriculture, food, medication, and healthcare.

According to the report published by the Japanese service provider Rakuten on February 12, 2018, it turned out that the new version of this company’s payment app supports cryptocurrencies as well.

The winter of cryptocurrencies may have been worse than a thousand ice ages, and getting through it took a lot of guts from the people involved. 

According to news published on February 13, Satoshi games platform was created on the Lightning network. It was also announced that from this date on, users and gamers could participate in these games and receive Satoshi by solving challenges.

According to reports published by the encryption news outlet 8BTC on February 11, the founder of the Chinese mining pool Poolin crypto named Zhu Fa predicted that Bitcoin price could increase up to 5 million yuan ($738,000) in the future.

JP Morgan Chase, one of the most famous American banks, started working in the field of cryptocurrency after issuing JPM Coin. Jamie Dimon CEO of JP Morgan Chase has named Bitcoin a “fraud” in September 2017; however, he changed his mind after a while, to the extent that he introduced cryptocurrencies a risk for a business of the banks under his management. In reaction to this turnabout, Alan Silbert, an old timer bank CEO, said in a tweet: “Backpedaling is the first step in the program towards walking the path.”

Over this week, more than 150 people were able to buy pizza using the Lightning Network with Bitcoin.

Bitcoin, which works on the infrastructure of Blockchain, was the first cryptocurrency to enter the market; but it wasn’t the first attempt at creating a digital monetary system.

Cryptocurrencies are a new phenomenon in today’s modern world. A phenomenon whose advent is owed to technologic and communicative developments. Without new technologies, there would have not been anything known as Blockchain and cryptocurrency.