bitcoin

Bitcoin mining explained: How it works, how much energy it uses and what needs to be fixed

Bitcoin mining explained: How it works, how much energy it uses and what needs to be fixed

The cryptocurrency has staged a meteoric rise in 2017 that has attracted new investors, but, for many, question marks still surround bitcoin and the technology behind it. With recent reports pointing to the high energy cost associated with mining, the process used to create bitcoin, is there any way to fix it? Here are all your questions answered.

A crypto exchange is picking off senior bankers as part of hiring spree

A crypto exchange is picking off senior bankers as part of hiring spree

Surging crypto exchange Coinbase officially cut the ribbon on its New York City office earlier this month and has already kicked off its hiring spree by poaching a longtime executive director at J.P. Morgan. Oputa Ezediaro started with Coinbase in September after spending his entire 11-year career at J.P. Morgan. He last covered credit for North American and emerging markets.

BANK OF CENTRAL BANKS WANTS TO STOP CREATION OF CRYPTO

BANK OF CENTRAL BANKS WANTS TO STOP CREATION OF CRYPTO

The rise of Bitcoin and the blockchain industry has been accompanied by criticism, just like any other emerging tech sector. Such criticism was heard during the dawn of the internet, and despite it, the internet is still alive and well today. Industry experts have offered different hot takes on the nature of cryptocurrency in general..

The Move Away From ICOs – 5 Things You Should Know

The Move Away From ICOs – 5 Things You Should Know

In this series of Cryptocurrency articles we have partnered with CoinCentral.com to bring you the latest in Crypto news and updates. 

For those of you who don't know much about the Cryptocurrency world, let me explain briefly, what are ICO's?  ICO's are an Initial Coin Offering, a fundraising mechanism in which new projects sell their underlying crypto tokens in exchange for bitcoin and ether. It’s somewhat similar to an Initial Public Offering (IPO) in which investors purchase shares of a company. 

What is cryptocurrency?

What is cryptocurrency?

Bitcoin or other digital currency isn’t saved in a file somewhere; it’s represented by transactions recorded in a blockchain. Blockchain is like a global spreadsheet or ledger, which leverages the resources of a large peer-to-peer bitcoin network to verify and approve each Bitcoin transaction.