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bitcoin

Bitcoin and other proof of work cryptocurrencies are decentralized, and therefore not powered by a centralized authority. Instead, they are powered by a network of minors using their computing power to validate transactions and keep the network secure.

Following the surge in Bitcoin and cryptocurrency interest in 2017, a lot of people began Bitcoin mining on phones. This surge in cryptocurrency interest eventually led to new restrictions being implemented from companies such as Google, Facebook, Apple, and others.

In lieu of a preface Last month we got a strong bullish breakout in market sentiment. It was really the high wave of positive news in media as well as analysts’ view on market perspective. Market performance was not disappointing as well. This trend continues in June as well. Maybe we do not have as …

Continue reading “Bitcoin Fundamentals – Briefing June 2019”

Breaking the Mid-Autumn Slumber. October 2019 All summer, the Bitcoin market was primed for big shifts. The headlines were mostly promising, looking forward to Bitcoin options, a Bakkt futures launch, institutional investors entering with new money, and so on. There were also many reports about blockchain and cryptocurrency applications in spheres beyond trading, as well as optimistic …

Continue reading “Bitcoin Fundamentals Briefing, October 2019”

For those who don’t know, mining is the process of using your computing power to support the network of a cryptocurrency and verify transactions. For cryptocurrencies which use proof of work – the miners’ computers perform mathematical computations which are very difficult to perform but easy to validate, and this is the system by which new transactions are validated and added to the blockchain.

Keeping abreast of the crypto markets, in this month’s briefing, we’ll take a look at what has happened in the last 30 days. Technically, this was the most boring period ever! Only now is activity returning to the market.

August 2019. Exhale! The market was quiet in August compared to the June-July period. Investors were waiting with bated breath for breakouts as big projects like Bakkt, Libra, and crypto Hedge funds were close to launching. It seemed as though the tiniest push would be enough to open a new era in crypto. But not …

Continue reading “Bitcoin fundamentals – August 2019”

In this month’s briefing on cryptocurrencies, we will look at the changes impacting Bitcoin, especially in the short-term.