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Gold backed virtual-currencies in a post de-monetization India

Gold backed virtual-currencies in a post de-monetization India

Our ancestors started off with the barter system - something like "I will give you 2 buffaloes in return for 5 shiny new super-sharp axes". Soon they realized that the barter system had too many limitations - everyone didn't want buffaloes, buffaloes were neither divisible (not too many people...

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Is Bitcoin a Store of Value or a Payment System

It is a while since I have written about Bitcoin, but I continue to be fascinated by it. In particular, by Bitcoin's ability to endure and continue serenely on in the face of all manner of controversies and headwinds.

Possible Outcomes

I have a long-held view there are only two possible outcomes for Bitcoin - it will either disappear, or it will become mainstream as a digital asset (a new asset...

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Related topics : current bitcoin block reward / bitcoin transactions per block / current bitcoin transaction fee calculator / current bitcoin transaction fee / current bitcoin block

Revolut lets customers buy Bitcoin, Litecoin and Ethereum

European digital banking outfit Revolut is now letting its customers buy, hold and exchange cryptocurrency from within its app.

The firm's customers will be able to get their hands on Bitcoin, Litecoin and Ethereum in a matter of seconds.

Users can then hold their cryptocurrency within the Revolt app or transfer it to other customers for free. If a user has no fiat currency in their account, they...

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Related topics : sell bitcoin for cash in person / buy bitcoins with cash app / buy sell bitcoin app / buy sell bitcoin cash / bitcoin buy one exchange sell another

Saxo Bank's 'Outrageous Prediction': Bitcoin to peak at ...

With bitcoin valuations steamrolling towards the $15,000 mark, Saxo Bank is forecasting a market peak price of $60,000 for the cryptocurrency followed by a rollercoaster descent back down to $1000.

The forecast is one of Saxo Bank's ten 'Outrageous Predictions' for 2018, which focus on a series of unlikely but underappreciated events which, if they were to occur, could send shockwaves across...

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Related topics : bitcoin market cap prediction / bitcoin exchange market cap / bitcoin valuation prediction / bitcoin price all exchanges / current bitcoin price prediction

Coinbase struggles to keep up with demand, warns buyers to ...

We at Coinbase couldn't be more excited by the explosion of interest in digital currencies.

The last few weeks has seen an unprecedented increase in the price of digital currencies. More people are engaging with our platform than ever and that bodes well for the future of the digital currency. At the same time, it does create extreme volatility and stress on our systems. We take this very...

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Related topics : digital currency association / digital currency values / digital currency payment system / digital currency system / digital currency account

Police warn Canadians about bitcoin ATM scam

Police warn Canadians about bitcoin ATM scam

Canadian police are warning people in the York region about a scam that has seen crooks posing as tax collectors convince more than 40 victims to send them over $300,000 via Bitcoin ATMs.

The Canada Revenue Agency (CRA) scam sees fraudsters call victims on the phone posing as tax collectors or police officers, threatening arrest over tax fraud. The criminals then demand immediate payment, telling victims to withdraw funds from their bank and send the money via methods...

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Related topics : bitcoin card atm / bitcoin scam / bitcoins online currency

Carribean island for sale: Bitcoin buyers only need apply

A 13 acre slice of a paradise Caribbean island has become the latest - and one of the most expensive - items to be offered for sale exclusively in Bitcoin.

The tropical hideaway, which can be seen at, is on Union Island in St Vincent and the Grenadines and is being offered for a cool 600 Bitcoins - the equivalent of around £4.4 million at today's rate*. Serious buyers can...

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Related topics : today's bitcoin worth / bitcoin worth today