Cryptocurrencies such as Bitcoin and Ethereum made their debut before society went cashless — and it still isn’t cashless. People have speculated for many years about the possibility of a cashless society, and many have mostly stopped using cash without looking back. However, this primarily applies to ‘developed’ countries. Bitcoin and Ethereum launched as entirely…
The president of El Salvador introduced a plan to recognize Bitcoin as legal tender. The president — Nayib Bukele says that the move will make it easier for people to send money home to their families. 70% of the Central American country’s population does not have banking services. The issue of banks discriminating against people…
Through a partnership with the cryptocurrency custody firm NYDIG, hundreds of banks in the United States will soon offer Bitcoin custody and trading services to customers — a move that could spur mainstream adoption of Bitcoin. The banking industry has attacked Bitcoin for years, and they’re still doing it. However, they’re suddenly incorporating it into…
Switzerland’s largest insurance company AXA is now allowing customers to pay their insurance premiums with Bitcoin (BTC). However, this does not include life insurance premiums (for regulatory reasons). This is the first time a Swiss insurance company has allowed customers to pay their premiums with Bitcoin. AXA collaborated with the cryptocurrency broker Bitcoin Suisse to…
How Bitcoin is from a privacy standpoint, and how to protect your transaction history from prying eyes.
Bitcoin is designed with security in mind. However, there are various ways in which thieves may steal your Bitcoins. Understanding how Bitcoin works is a crucial first step to protecting it — please read the article explaining how to set up a wallet, as that clarifies how it works. Your Private Key: What Thieves Want…
If you intend to use Bitcoin on your computer, smartphone, or even on a bunch of other devices, you can substantially reduce the risk of losing it all to theft by allocating funds to two different wallets. What I’m referring to specifically is creating a mobile wallet and a separate desktop wallet (and not trying…
Cryptocurrency wallets typically store your wallet keys in a file on your hard drive. If you can’t access your Bitcoins, consider the following Bitcoin wallet recovery options before giving up hope: You’re running a full node (this is so if you use the Bitcoin Core wallet) that hasn’t yet been synced (aside from that, running…
Jack Dorsey, the CEO of Twitter and Square says that Bitcoin will become the world’s single global currency roughly 10 years from now (possibly sooner). According to Fortune, he said: ‘The world ultimately will have a single currency, the Internet will have a single currency. I personally believe that it will be Bitcoin’ There are…