Bitcoin Market Cap Crosses $14 Bln, All Time High

Bitcoin Market Cap Crosses $14 Bln, All Time High

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The market cap of Bitcoin surpassed the $14 bln margin for the first time in history, breaking its all-time record high previously set in 2014. The surging value of Bitcoin led to extensive mainstream media coverage and social media attraction, with Bitcoin earning a spot on the trending section of social media platforms like Twitter. In the morning of December 22, Bitcoin crossed the $14 bln mark to establish its highest market cap to date. Additionally, Bitcoin officially recorded a 100 percent year-to-date price increase, surpassing the performance of well-performing currencies like the Russian ruble by large margins. View image on Twitter Mainstream media outlets including Reuters, Business Insider and CNBC immediately began to publicize Bitcoin’s most significant milestone in recent years, as Bitcoin continues to surge in value with mainstream speculation and increasing demand from dominant markers such as China. While the price has stalled slightly since its initial surge earlier today, the price of Bitcoin reached $874 at its daily peak, surpassing a six-month high value. An optimistic view towards Bitcoin One of the positive aspects of Bitcoin’s price surge that occurred this week is the optimistic view from the mainstream media and high profile investors. Amid the price …

Where Will a Dead Man’s Bitcoins Go?

admin Bitcoin News, Bitcoin Politics, CoinGreed, Death & Bitcoin, Opinion, The Future Of Money 0 Comments

It is a thin line between the adequate security of personal wealth within the crypto world and an eventual inability to transfer such wealth to heirs or other beneficiaries when the need arises. The transfer of ownership of Bitcoins or other cryptocurrencies from its original owner to heirs in the case of eventuality is a matter that hasn’t been properly defined within the crypto environment. Who really owns the Bitcoins? For security reasons, access to individual wallets have been designed in such a way that only one individual is legally allowed access to specific wallets. Any person who shares the details of their login, or details of how to access their wallet does so at their own risk. “You can only possess Bitcoins if you possess the corresponding private keys.” Says Michael Vogel, CEO at Netcoins. As the security design within the crypto ecosystem has focused on the protection of the wealth of crypto users, there lies the risk of losing one’s valuables in the case of eventualities such as death and incapacitation. Online wallets are hosted on decentralized platforms. In other words, these platforms are not owned or controlled by any specific individuals or group per se. Therefore, when there …

4 Reasons Why Your Nation Will Kill Cash For A Digital Currency

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Yes, I’m talking to you. Yes, I’m talking about your country, whether it is Russia, China, or the United States. The more modern and advanced your economy, the faster it is coming your way. The discussions have been going on for a couple of years now on how to do it. The only question is when to spring it on the masses. If you are in a less than a state-of-the-art economy, like Pakistan or Guam, you probably have a lot more time left with the paper. Most of us aren’t so lucky. Cash has been on the clock in the most advanced nations for years, with central banks limiting how much cash you can get, even from your own account. Limits have been dropping to as low as 5000 units of paper in some nations, and even then you will have to surrender your ID or go through some level of interrogation. The future of money does not include paper, and here are four reasons why digital currencies will become your official national currency. Reason #1 – The best way to control a nation is to control its money supply Governments are all about control. Whether it is doling out …

Joe Rogan to Andreas Antonopoulos: I’m All In, I’m on Team Bitcoin

admin Banking, Bitcoin News, CoinGreed, MONEY FACTS, Technology, The Future Of Money 0 Comments

In episode 844 of the Joe Rogan Experience podcast featuring security expert and author of Mastering Bitcoin, Andreas Antonopoulos, stand-up comedian and sports commentator Joe Rogan expressed his optimistic views towards Bitcoin, stating “I’m all in, I’m on team Bitcoin.” Rogan’s final remarks at the very end of the show were amassed throughout the podcast, during which Antonopoulos examined and evaluated the vulnerabilities and inefficiency of today’s financial systems in great detail. In particular, he referred to the outdated services and products of banks which grant several financial institutions a complete monopoly over a country’s monetary system and economy. Control of banks: bloated economy The focus of the talk was established primarily on the control of banks over a country’s monetary systems and how that is abused to create a bloated economy. When an economy is struggling from dealing with financial instability or poor performance from major stock markets, the solution which is often presented by the central bank is to print more money. For instance, the Federal Reserve Bank would print trillions of dollars to be sprinkled on top of a troubling economy which is essentially distributed to the country’s banks and government agencies. One major misconception behind this …

15 More Fantstic Ways Bitcoin Alters the Future of Money As We Know It

admin Bitcoin 2.0, Cryptocurrency, Featured, MONEY FACTS, Technology, The Future Of Money, The History Of Money 0 Comments

Last month, I hit upon the first fifteen ways Bitcoin is changing how money works worldwide. It turns out that was just the beginning, as Bitcoin is a concept of few limits and compromises and many empowering capabilities. This week, we double-down on why your best people should start using cryptocurrency now and in the future. Let the good times roll! Ability to replace, or compliment, the legacy fiat currency system For consumers, you can live on bitcoin, and replace fiat currency altogether. Many people, like bitcoin wizard Andreas Antonopoulos, get paid, live, and travel exclusively via bitcoin. Nations are very, very unlikely to adopt a decentralized digital currency to represent their nation, but it could be done. Governments are all about control. The word government even means “control mind” in the Latin root. What Bitcoin can do is be the next version of PayPal, only so much more than that, as you’ll see. Everybody can have a bitcoin account to move money easily online while still using a government-issued currency for income and taxes. You can have the best of both worlds. Digital currency means programmable money Programmable money means you can program bitcoins to only be spent in a …