HomeTagbitcoin Archives - CryptoTechNews

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Since the emergence of Bitcoin, loss due to theft has surpassed $1 billion. Cybersecurity’s real issues lies in the systems that have been created around the technology, such as cryptocurrency exchanges, wallets, custodians, security companies and ICO platforms, as opposed to the underlying blockchain structure. Exchange hacks have been the greatest threat to crypto security because when they occur, multiple wallets in the network are affected. Since the first digital currency exchange hack exposed the vulnerabilities of cryptocurrency transactions...

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The blockchain/crypto ecosystem has gone through many ups and downs and the future is still very much unknown. What we do know is that as a new technology, it seems that nothing is ever set in stone or yet really fully understood. Below we quickly revisit the Bitcoin/blockchain timeline and explore what we could expect in the coming years. Where we’ve come from Bitcoin Emerges (Jan ‘09) Bitcoin launches in Jan 2009. Initially, awareness is limited to...

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Have you ever considered storing cryptocurrency contributions for retirement? Well, Bitcoin is now also making moves into the individual retirement space. Setting yourself up for retirement is important. An IRA is an account that an individual can use to save up money for their retirement. It can be opened at several financial institutions and has many advantages. There are also many different types of IRAs, including traditional IRA, Roth IRA, and rollover IRA, and each one has its pros and...

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Bitcoin became more than just a digital store of value but a driving force in several industries. Creative applications have emerged and with this even more innovation.  Whilst cryptocurrencies gained popularity, the portion of the world that currently holds digital coins is negligible, relative to the world population. Below MintDice details one of the ways the crypto industry is engaging potential users – Bitcoin faucets. What is a Bitcoin faucet? A Bitcoin faucet is a creative...

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Automated Teller Machines (ATMs) are common and vital in today’s financial world. They ease access to funds for users so they don’t have to physically visit bank premises. Similarly, cryptocurrency ATMs are important in the cryptocurrency industry. To foster global adoption to happen, cryptocurrency ATMs need to be installed in urban centres. Already, it is estimated that 4392 cryptocurrency ATMs have been installed across 77 countries, with the US accounting for nearly 60% of them....

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The big question is, do cryptocurrencies have the potential to disrupt current currencies and banking systems? Many think Bitcoin is a speculative investment (one with potentially very high returns), however others do really believe cryptocurrencies represents a viable alternative to national fiat currencies. Do cryptocurrencies threaten national currencies?  Cryptocurrencies are built on a decentralized technology called blockchain. The blockchain is a permanent secure ledger of records, transactions, and other data. In the traditional use case, the...

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Have you ever wondered how “Bitcoin mining” and “Block Rewards’ works? Below is a succinct summary from MintDice who delve into the ins and outs of Bitcoin mining some different mining software available. What is Bitcoin mining? A common understanding is that the Bitcoin network is secured by collective groups of people known as miners. But outside of that, there are many technicalities to the entire mining process. Bitcoin mining is a lucrative venture that...

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HiveEx.com and Finder co-founder Fred Schebesta spoke with one of the most controversial figures in the cryptocurrency space, Dr. Craig Wright, for an exclusive interview. Dr. Craig Wright is Chief Scientist at nChain and claims to be the original bitcoin inventor, Satoshi Nakamoto. While there are plenty of lingering question marks around the claim, it’s also reasonable to say he’s been involved in bitcoin since its very early days. The 1 hour and 34 minute...

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At CTN we bring you the latest crypto and blockchain news – all in once place. We want to ensure you are always getting a well rounded view, so we asked our friends at Coincentral what their top five most read articles were for the month and it looks like Bitcoin supply, Initiative Q and mining are high on the list.   1. Putting Initiative Q on Trial | The Next Big Thing or Complete Scam? What...

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Despite aggressive predictions by financial pundits on the expected turnaround of digital coins, the cryptocurrency market hit a major road bump last month when its market capitalization fell by $42 billion. For the first time since inception, this drop landed the already crippling digital market capitalization below the $200 billion mark. At the beginning of the year, the total value of the crypto market stood at $835 billion. The Securities and Exchange Commission (SEC) recently...