In this article, I am going to tell you in detail why I’m excited for Shapeshift’s new unified platform. I remember when I decided to start this site back in 2016 and was fairly new to the cryptocurrency ecosystem. Once I spent over 100 hours researching all facets of this new technology, I knew that cryptocurrency was the future. However, I had read so many scary articles about how people were losing their Bitcoin from so many exchanges, including the infamous Mt. Gox that notoriously lost over 800,00 Bitcoin (valued at around $473 Million at the time). As I dove…
Author: Zach
What is the best cryptocurrency to invest in right now? Yes, this may seem like a loaded question, but it ultimately comes down to preference. I have long been a believer that there will at some point come a cryptocurrency that provides more value that the current king itself (Bitcoin), but I still feel as though that day is still far off in the distance. Bitcoin has been the staple and foundation that started this revolution over a decade ago with the one crazy idea that the world could have a peer-to-peer electronic cash system that was governed by the…
In this article, I am going to tell you exactly how to make money with bitcoin. Almost everyone that’s heard about bitcoin has been asked or have asked themselves: is this a good investment? When taking this question seriously, they start googling this phrase and see several articles about the price tanking and losing over 80% of it’s value in the past 18 months and so on. One of the things they probably don’t realize is what the year-over-year gains are, when looking at where it was vs. where it’s going. Yes, at it’s all-time-high it reached upwards of $20,000…
QuadrigaCX fails, the troubled Canadian cryptocurrency exchange, has failed to locate millions in customers’ missing cryptocurrency assets since the company’s owner died suddenly in December of 2018. On Monday, Nova Scotia Supreme Court Judge Michael Wood ruled that Quadriga Fintech Solutions Corp, the holding company, can begin bankruptcy proceedings. Approximately 115,000 customers are owed $195 million USD in cash and cryptocurrencies, including Bitcoin and Ethereum, following the death of Quadriga’s founder Gerald Cotten. The exchange says Cotton did not reveal to anyone in his organization the private keys that access the cryptocurrencies on his private wallet. To those who did…
How Do We Gain Mass Adoption For Cryptocurrency? Let’s Start With Merchants, First. Cryptocurrencies have a high barrier to entry. The underlying technology is complicated, and some claim Bitcoin was initially designed to be inefficient for the sake of providing a trust anchor – creating challenges for smart contracts platforms looking to expand the capacity of blockchains to the world of applications. As a result, Dapp user numbers continue to remain endemically low. Despite trending narratives like decentralized finance garnering more attention than blockchain-based games and other apps, the road to mainstream adoption remains an arduous task. Cryptocurrencies, specifically Bitcoin,…
French cryptocurrency wallet maker Ledger raises $75 million in Series B Funding Round The cryptocurrency industry continues to increase the size, scale and features of its infrastructure, which includes wallets. Recently, French cryptocurrency wallet maker, Ledger raised $75 million in a Series B Funding Round. Learn what this may mean for the burgeoning digital coin industry. Ledger Wallet Expansion The Ledger Wallet – Nano S – is becoming one of the cryptocurrency industry market leaders. This Ledger Hardware Wallet allows users to store their digital coin wealth offline. In January 2018, CNBC reported Ledger Series B Funding raised $75 million. European…
Hardware Bitcoin Wallets Not Vulnerable to Spectre Attack, Funds Safe Two of the most popular hardware wallets for Bitcoin and other cryptocurrencies, Ledger and Trezor, were found to still be secure against newly-discovered vulnerabilities on CPUs. In addition, the hardware cryptocurrency wallets are safe against Spectre attacks as well. This is a promising finding that shows, now more than ever, the importance of having hardware Bitcoin wallets to keep your funds safe while using cryptocurrency. Cryptocurrency Hardware Wallets Safe Against Spectre and Meltdown According to Chief Technical Officer Pavol Rusnak of Satoshi Labs, the reason that Trezor, in particular, is…
Kraken Bitcoin Exchange Goes Down for 40 Hours–Another Mt. Gox? Cryptocurrency investing continues to make major headlines as digital tokens like Bitcoin and Ripple surge in price. Some investors are proceeding with caution, however, in the wake of problems for one of the most popular cryptocurrency exchanges. The Kraken exchange platform recently went down for almost 40 hours, reminding investors of the vulnerability of untrusted exchanges. The Pitfalls of Bitcoin Security One of the strong selling points of Bitcoin and other cryptocurrencies is security. The truth is that Bitcoin has faced numerous security threats since it was introduced in 2009.…
It seems as though the euphoric state of everyone rushing in to get some bitcoin has come to a screeching halt. The price recently dropped from 20k all the way down to 11k on some exchanges. As a result, there were multiple high volume exchanges that were shut down or unable to perform basic functions like buy and sell due to the high volume of traffic of people trying to panic sell. This type of event is the EXACT reason why being your own bank is so important. When you leave money on an exchange, they write the rules on…
I have been spending a great deal of time helping people understand how the bitcoin protocol and blockchain protocol work and why it was brought into existence. There is a lot of FOMO (fear of missing out) going around and the first thing people do is panic when they see $2,000-$3,000 price swings in bitcoin as of late and their emotions get the best of them. It happens to everyone. It helped me realize that most people unfortunately have no idea what they have bought and how normal market cycles work. It is no different from the traditional Wall Street…
We are officially in uncharted territory now with bitcoin hitting an all-time high of over $19,000 as of earlier today. I remember when I first got into bitcoin and people were saying it would never go above $5,000. At any rate, most people are hearing about bitcoin from either word of mouth, family who have already invested, or various news outlets. This is an unprecedented time as BTC has never been this high and currently, there is no end in sight. Some of you may be wondering “Now that I have bitcoin, what do I do with it?”. Well, you…
New blog coming soon.