Bitcoin may still be a long way from its past peak, but public awareness of the leading cryptocurrency is at an all-time high – especially in England. What, You’ve Never Heard of Bitcoin? Finding someone who’s never heard of Bitcoin is quite the rarity these days. 93 percent of people in the United Kingdom have now heard of the formative cryptocurrency — up 2 percent from January 2018 and up 13 percent from November 2017.
While Bitcoin can already be called the world’s first global currency, it is nevertheless illegal in a several countries, where using it has been outlawed by the government. By doing so, the future is not looking bright for these largely third-world nations with struggling economies. 11 Countries Where Bitcoin is a Crime Bitcoin is not only the world’s first cryptocurrency, it is also the first borderless and apolitical form of money in the history of
Bitcoin economist Saifedean Ammous has confirmed publication of his cryptocurrency reference guide, ‘The Bitcoin Standard.’ Pundits Line Up To Praise New Guide To Bitcoin A worthy counterpart to Andreas Antonopoulos’ ‘Mastering Bitcoin’ series, the book focuses on providing an accessible yet fully-rounded understanding of the revolution Bitcoin represents. Despite only being available for purchase from April 24, The Bitcoin Standard has already garnered such praise that lists have appeared summarizing various readers’ favorite quotations. Chief
Hancock Regional Hospital in Greenfield, Indiana, was hit hard with a ransomware attack in January 2018. To protect patients the hospital decided to pay the hackers, its CEO Steve Long is now educating others. The Attack on Hancock Regional Hospital Though prepared for such an attack, the hospital systems were targeted during a flu outbreak and a snowstorm. To protect patients, CEO Long decided to pay the attackers the cryptocurrency ransom equivalent to $55,000 USD.
Bitcoinist spoke with Saifedean Ammous, assistant professor of economics at Lebanese American University, Bitcoin economist, carnivore grill-master, and author of the new book, The Bitcoin Standard. I think Bitcoin is the most advanced and best form of money ever invented. –Saifedean Ammous Bitcoinist: First, why did you decide to write The Bitcoin Standard? Saifedean Ammous (SA): I found myself spending more and more time explaining and writing about the economics of Bitcoin to people as interest grew, and many
Amid the turmoil of the past few months in the cryptocurrency space, advocates and developers have been speaking out. Bitcoin developer and entrepreneur Jimmy Song adds his voice, with an explanation of why Bitcoin is exceptional, and how investors can assess its long-term value. Using Medium as his platform and referring to the recent roller coaster of cryptocurrency investing as both thrilling and painful, where investors can lose sight of what they are investing in, Song
Paxful knows that Bitcoin in Africa is making a difference, as is evident by a South African business school now accepting the virtual currency for tuition. There are a number of factors that can help determine one’s success, such as determination, education, wealth, intelligence, and even luck. Out of these factors, education is often the one that most people have trouble with. They may lack the time, money, or opportunity to gain a proper education
Bitcoin is invading the college experience in Illinois as students are flocking to courses that focus on cryptocurrency and blockchain technology. Most college students tend to focus their enthusiasm and energy on courses devoted to their particular major. Classes that fall outside of that purview are often taken due to being easy, allowing students to keep up their GPA. However, a new field of study is proving extremely popular in Illinois colleges, drawing students from
If you are the average cryptocurrency enthusiast, chances are that the majority of your portfolio is sitting in the wallets of a crypto-exchange. While it does seem safe, your hard earned money is just a hack away from becoming the victim of a Mt.Gox-like hack in no time. Scams. Scams Everywhere. Fake Vitaliks. Fake McAfees. The twitter handles you are commenting on, are they even authentic? Is the blue tick even real? In an average
NEO and bitcoin are two cryptocurrencies which have risen to prominence since their inceptions. These coins possess some similarities, however, they also possess a number of important differences. Here is a closer look at the key similarities and differences between NEO and bitcoin. Similarities Popularity – Both NEO and Bitcoin are extremely popular. That is why both coins are in the top ten coins by overall market cap as of February 12th, 2018. NEO and
Bitcoin looks to become the biggest beneficiary of increasing money digitization as countries, such as Sweden, spearhead the so-called ‘war on cash.’ But First, What is ‘Cash’? By definition, cash is legal tender or coins that can be used to exchange goods, debt, or services, according to Investopedia. The main property of cash is that besides being physically exchanged at the point of sale for goods or services, it also offers some degree of privacy
Ellen DeGeneres has likened Bitcoin to a “digital goat” in an attempt to explain the digital currency in layman’s terms live on air. Ellen Viewers Learn Bitcoin, Wallets And Volatility In a segment of her popular television show this week, which averages almost 3 million viewers per episode, DeGeneres spent several minutes speaking about the non-physical nature of Bitcoin and wallets, as well as touching on volatility. “You’re probably thinking, ‘Ellen, if I can’t physically
Looking for a job? Better yet, looking for a job that could actually make you rich in the future? Well, Bitcoin just became the fastest growing skill for freelancers in the world. Bitcoin Skills? Did everybody else arrive at the bitcoin party that much earlier than you? Does your trading strategy feel like a scientific proof of Murphy’s law? Perhaps you still haven’t bought your first Lambo? Well don’t worry, I have a tip for
The most popular courses on campuses in the U.S. and across the globe are on Bitcoin and its blockchain technology. In parallel, educational institutions are creating innovative ways to attract the brightest students. For example, Varna University of Management offers Bitcoin scholarships. Bitcoin’s Technology Captivates Academia Student demand for courses on Bitcoin and its underlying technology, the blockchain, is putting elite U.S. universities under pressure. Students from all disciplines are rushing to sign up for
Here are five ways in which Bitcoin technology has completely redefined the concept of money in its nine years of existence. A Revolution of Money Bitcoin is one of the most groundbreaking monetary experiments in human history. In just nine years of existence, Satoshi Nakamoto’s invention has grown into a multi-billion dollar industry, leading to an explosion of fintech innovation… and it’s just getting started. Meanwhile, Bitcoin technology has already reinvented the concept of money.
Bitcoin industry stalwart Charlie Shrem has described decentralized cryptocurrencies as “the biggest innovation of his lifetime” amid turbulent activity on markets. Shrem: My Goal Is Freedom-Giving Technology In a series of tweets Thursday, Shrem, who returned to the cryptocurrency space following a highly criticized spell in jail, explained how the freedoms associated with ‘true’ decentralized assets and networks are his “goal.” “I came to help build technology that gives us freedom and I will not
Can Bitcoin be even better than the Economic Freedom Index in measuring the degree of economic freedom in the world’s nations? Fear, Uncertainty, Doubt Read the mainstream press about Bitcoin, and you’ll see headlines such as China Bans Bitcoin, South Korea Too!, Russia Plans to Ban Bitcoin, India Says Bitcoin is Not Legal Tender etc. Meanwhile, a dubious group of regulators appears to be waiting on the sidelines ready to crack down with swat teams and
The World Gold Council claims Bitcoin—commonly referred to as “digital gold”—will never be as good as the real deal while admitting it could “undermine the tools used by the Fed and other central banks to influence the economy.” NOT QUITE DIGITAL GOLD, SAYS GOLD In its January 2018 investment update, the World Gold Council acknowledges Bitcoin’s vastly superior 13-fold increase when compared to gold’s very respectable 13% gains in 2017. Nevertheless, it defends gold as
If you haven’t heard of Bitcoin by now, you’ve probably been living under a rock. However, while many people know what Bitcoin is – and have even willingly put forward large amounts of their own money to invest in it, despite having heard of it for the first time yesterday – very few people know much more beyond that. You don’t need to know all the technical details behind Bitcoin to get started – that would
The mainstream press has a knack for giving airtime to Bitcoin naysayers who repeat the same tired arguments. Here are the top five most common myths presented against Bitcoin and why they are wrong. Bitcoin Uses More Electricity Than [Insert Country] “One Bitcoin Transaction Now Uses as Much Energy as Your House in a Week!” “Bitcoin’s energy usage is huge – we can’t afford to ignore it” “Bitcoin consumes more electricity than Denmark!” Deliberately eye-catching,
Knowledge is power, something that Extra Credit is well aware of. The platform has plans to revolutionize the crypto education industry by offering anyone and everyone the opportunity to learn about cryptocurrencies. If 2017 has taught us anything, it is that the future of the blockchain industry is bright. The world is starting to see that the underlying technology of cryptocurrencies can be utilized for much more than just that. It can also offer countless
Erik Finman, the teenage Bitcoin millionaire, plans on creating the ‘world’s best university’ in the city of Dubai to combat outmoded teaching methods. Most of the time when a person decides to head down the path less traveled, it usually ends in disaster. Yet there are times when a person perseveres and then prospers. Such is the case of Erik Finman, the teenage Bitcoin millionaire. He’s only 19, but he’s parlayed his initial Bitcoin investment
With countries across Asia making moves to regulate and clamp down, few remain as beacons of freedom when it comes to cryptocurrencies. India, Russia, China, South Korea, Vietnam, and Indonesia have all issued restrictions on exchanges, but one unlikely country in Asia remains open: Thailand. Thailand is a surprise as it is in the grips of a military dictatorship that does not look like it wants to return the country to democracy at any time