• 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

    Why Bitcoin Can Be The New Economic Freedom Index

    | 2018/02/01 9:30 pm
  • 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

    World Gold Council Says Bitcoin Could ‘Undermine’ Central Banks

    | 2018/02/01 1:00 pm
  • 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

    How Does Bitcoin Work? Is It Really a Bubble?

    | 2018/01/26 12:00 pm
  • 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,

    Debunked: Top 5 Bitcoin Myths & Misconceptions

    | 2018/01/20 10:30 am
  • 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

    XTRA! XTRA! Read All About How Extra Credit Can Help with Blockchain and Crypto Education

    | 2018/01/05 8:00 pm
  • 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

    Teenage Bitcoin Millionaire Plans on Building ‘World’s Best University’ in Dubai

    | 2017/12/31 1:00 am
  • 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

    Thai Authorities to Educate on Cryptocurrencies

    | 2017/12/29 7:00 am
  • Bitcoin has a relatively high barrier of entry when it comes to individual management and security of storage, but that hasn’t stopped these British entrepreneurs from capitalizing on giftable Bitcoin Christmas gifts, in fact, it possibly makes it easier for them to do so. British entrepreneurs Laurence Kemball-Cook and Louise Doherty have launched a Bitcoin gifting service just in time for the Christmas shopping rush this year, offering Bitcoin gift cards for £10, £50 or £100

    Give The Gift Of Bitcoin This Christmas

    | 2017/12/23 5:00 pm
  • There’s been a lot of hype about Bitcoin power consumption, with many outlets saying that it’s getting out of control. However, it may be that such alarmist rhetoric may not be true. This has been a remarkable year for Bitcoin, skyrocketing in value to heights few would have believed several years ago. Yet one aspect of the daddy of cryptocurrency has been generating dramatic and alarmist headlines: the energy needed to both mine Bitcoin and

    Stay Calm! Alarming Bitcoin Power Consumption Projections May Not Be Accurate

    | 2017/12/22 11:30 am
  • Your Bitcoin transactions don’t have to be expensive and slow. With a little bit of know-how and pre-planning, you can keep transaction times and fees at a manageable level. High transaction fees and long processing delays are top of the list when it comes to issues (and, in turn, discussion) surrounding Bitcoin right now and for good reason. The network is choking on the huge influx of volume seen over the last six months or so and

    Want Faster Bitcoin Transactions and Lower Fees? Try These Workarounds

    | 2017/12/21 1:15 pm
  • The continuing rise in Bitcoin is being fueled extensively by coal as many Chinese Bitcoin mining farms rely upon coal-based power plants. Not everybody is celebrating the massive success that Bitcoin is enjoying this year. While some financial experts continue to scoff at cryptocurrency in general, another issue has arisen that’s gotten a number of people worked up. This particular issue is the power used to mine Bitcoin and to conduct transactions. Alarmists worry that

    A Key Power Source for Bitcoin Mining – Coal

    | 2017/12/17 8:45 am
  • Germany’s major exchange Deutsche Boerse says it is still “considering” Bitcoin futures but is unable to say when they might launch. Europe’s Cautionary Stance In comments to local industry magazine WirtschaftsWoche Wednesday, a spokeswoman from the marketplace organizer said that Bitcoin’s “significant exchange rate fluctuations” were among the factors needing a solution prior to a potential release. “We’re considering Bitcoin futures which investors and institutional investors can use to hedge against Bitcoin or set against

    Deutsche Boerse ‘Still Considering’ Date On Bitcoin Futures

    | 2017/12/14 9:00 am
  • “I was wrong about Bitcoin,” the New York Times writes Tuesday as mainstream U-turns on Bitcoin versus Blockchain begin. ‘How Did I Get Bitcoin So Spectacularly Wrong?’ As the leading cryptocurrency continues to hover around all-time highs of $17,000, a sense of regret is increasingly visible in the world’s media after years of calling the imminent ‘death’ of Bitcoin. “What happened? Why did so many people — myself included — get Bitcoin so spectacularly wrong?”

    ‘I Was Wrong About Bitcoin’ – NY Times Journalist Regrets 2014 Obituary

    | 2017/12/13 5:00 am
  • When Prashant Sharma and Niti Shree met four years ago, the price of Bitcoin was less than $300 per coin. Bonding over a shared love of start-ups and new technologies, the couple’s romance blossomed and their love, like the digital currency, has been growing ever since. They are getting married today, and, in true crypto-enthusiast fashion, have requested Bitcoin – and only Bitcoin – as wedding gifts. Prashant Sharma and Niti Shree, both 28, have

    Forget the Wedding Registry – This Bride- and Groom-to-Be Only Want Bitcoin

    | 2017/12/09 5:00 am
  • Bitcoin-related jobs are booming. However, there are not enough individuals with the required skills to fill these jobs. As a result, most universities are now imparting Bitcoin education. Many even accept tuition payments in Bitcoin. Universities are also creating innovative ways to attract the brightest students. In this regard, Varna University of Management (VUM) is offering Bitcoin scholarships. Varna University of Management Offers Scholarships in Bitcoin VUM is an international business school based in Varna,

    Academia is Fully Embracing Bitcoin with Course Offerings and Scholarships

    | 2017/12/06 9:00 pm
  • Bloomberg mogul Michael R. Bloomberg could rue the day he called Bitcoin ‘Bitchain’ as Andreas Antonopoulos says he could “do better”. Bloomberg: Bitcoin And Bitchain Are Confusing In a joint interview with Goldman Sachs CEO Lloyd Blankfein on Bloomberg TV, Bloomberg made the apparently inadvertent slip-up while discussing the differences between Bitcoin and Blockchain. “I think also people confuse Bitcoin with Bitchain,” he told the channel before Blankfein corrected him, going on to explain how

    Bloomberg: Our System is Already a BitChain…err Blockchain

    | 2017/12/01 10:30 am
  • Over the past few years, Bitcoin’s difficulty and hash rates have steadily risen exponentially. So too has the electricity consumption of Bitcoin miners has risen as well, which is causing some concern among experts. Rising Demand for Electricity Bitcoin’s price is not the only thing that has been rising in the last couple of years. New data from Digiconomist, is showing that the global Bitcoin mining energy consumption has reached a staggering 30.14 TWh a year. According to

    Bitcoin Miners Consume More Electricity than 19 European Countries

    | 2017/11/27 12:30 pm
  • Many finance experts are still not convinced about Bitcoin and its potential. The CEO of Revolut, however, believes that Bitcoin is here to stay.  Huge Demand for Bitcoin Bitcoin has been in the news a lot lately, and the main reason for that is its astronomical price rise. The decentralized cryptocurrency has “shocked” the finance world by almost hitting the $10,000 mark, something that many experts thought was impossible. Famous finance and investment figures like the

    Revolut CEO: ‘Bitcoin is definitely not a fraud’

    | 2017/11/27 11:00 am
  • As Bitcoin’s price continues to climb ever higher, a new report suggests that nearly 4 million bitcoins may have been lost forever.  Could Bitcoin Rise Even Higher? Today, Bitcoin managed to surpass yet another milestone, arriving at a new all-time high price of over $9000. There are many speculations on why Bitcoin has managed to rise so high in such a short time. One of the more popular theories is that Wall Street and other big

    Four Million Bitcoins Lost Forever?

    | 2017/11/26 12:30 pm
  • Bitcoin is one of the first assets the world has ever seen that can be solely controlled by one person and, with the right precautions taken, can’t be taken from you. But seeing how this is a new type of asset, people with lost of money in digital currencies must take the necessary steps to see to it that their funds are given to the people you care about. Giving Your Bitcoin to Future Generations

    Preparing a Digital Inheritance – What Happens to Your Bitcoin When You Die

    | 2017/11/25 11:00 pm
  • North Korea may be a very closed-off and isolated country, but that doesn’t mean that isn’t open to foreign technology such as Bitcoin and Blockchain. North Korea and Bitcoin North Korea may be one of the most isolated countries on the globe but it is still trying to technologically adapt and compete with other nations. The country is currently under heavy sanctions from the United States and the European Union for conducting nuclear missiles tests and

    Meet the Guy Who Teaches North Korean Students How to Use Bitcoin

    | 2017/11/24 10:30 am
  • The continuous growth of Bitcoin value over time has got a flip side. It has given rise to a whole new cybercrime economy revolving around various scams. Crafty threat actors zero in on unsuspecting victims in a bid to make them lose their Bitcoins in the long run. This article will shed light on today’ most common cryptocurrency-borne frauds so that you can tell the wheat from the chaff when performing Bitcoin-related transactions. Rogue Bitcoin

    How to Protect Yourself from Common Bitcoin Scams

    | 2017/10/26 11:00 am
  • One of the biggest issues emerging in the Bitcoin space over the last few months is the monstrous transaction fees that users have to pay in order to transfer funds from one address to another. This week we’ll show you how to send a Bitcoin transaction for less than ten cents. As Bitcoin rises up above $5000 for the second time, Bitcoin fees for a single transaction have gone up as high as $10. Therefore,

    How to Send a Bitcoin Transaction for Under Ten Cents

    | 2017/10/14 12:00 pm