Digital Currency

  • Have we discovered the future of money?
  • Did you know that the story of money is older than civilisation itself? That's right. Money is an “innovation” that's older than the wheel and, as old as fire. Originally when humans wanted to trade outside their tribe or villages, they needed something that everyone agreed had value. Something that was accessible. Enter “commodity money”. There were many kinds of commodity... ››› more
  • [06 December 2017]
  • With the price of Bitcoin stable, what lies ahead for the digital currency?
  • The price of Bitcoin soared in 2013 by a staggering 8,500%. Then it lost 85% of its value by the start of this year. Speculation was rife about how high the price of the digital currency would go and what it meant for Bitcoin. So what's happened now? And what does the future hold for Bitcoin? Read on to find out… The price of Bitcoin This year, Bitcoin has done something that m... ››› more
  • [16 October 2015]
  • Is Bitcoin a dying digital currency?
  • The price of Bitcoin soared from $10 to $1,150 back in 2013. Then its value started to crash, falling to less than $200 by the start of this year. At the moment, one Bitcoin is worth around $236. So what is going on with the digital currency? Does it have a future? Let's take a closer look… Using Bitcoin At the moment, if you want to use Bitcoin, you buy it with a currency like... ››› more
  • [30 September 2015]
  • Good news for Bitcoin as Barclays make a move to accept deposits in the digital currency
  • One of the UK's biggest banks and major stakeholder in Barclays Africa, Barclays Plc, made an announcement last week about accepting Bitcoin deposits. The banking group has decided that it will allow people to make donations using the digital currency. So how will this work? And what does it mean for Bitcoin? Let's take a closer look… Barclays’ plans with Bitcoin Barclays is ... ››› more
  • [11 September 2015]
  • Is Bitcoin rivalling gold as a new safe-haven investment?
  • If you're a follower of Bitcoin, you may have noticed that its price has been climbing. This rise in price has coincided with the Greek debt crisis. So is there a link between the price of Bitcoin and the situation in Greece? Let's take a closer look… The price of Bitcoin has been climbing At the end of June, Bitcoin made a strong move upwards, just as the crisis in Greece deepen... ››› more
  • [13 July 2015]
  • Could one Bitcoin eventually be worth $1 million?
  • Over the past few years, there have been many predictions as to what the price of Bitcoin could eventually reach. After hitting highs of over $1,200 a coin in 2013, Bitcoin is now trading around $242. A significant drop in price. But some Bitcoin experts believe the value of one Bitcoin could rise to $1 million. Is this achievable? Let's take a closer look… The ‘market cap’ of... ››› more
  • [25 June 2015]
  • The one major factor standing in the way of Bitcoin's success
  • Bitcoin has amazing potential. It has the potential to revolutionise so many aspects of the finance world. But there is one problem with Bitcoin. And that's the volatility of its price. Let's take a closer look… The price of Bitcoin continues to bounce about Since its launch, the Bitcoin price has been on a roller coaster ride. Just have a look at the chart below. This shows th... ››› more
  • [12 February 2015]
  • Why digital currencies, like Bitcoin, are here to stay…
  • We are on the cusp of a revolution with money. Thanks to the introduction of digital currencies, the global economy, the financial system and the ways payments are processed are going to change. Digital currencies have the scope to slash financial fees, allow people to use their money without the need for a bank account and bring about a new way for transacting around the globe. And with... ››› more
  • [05 February 2015]
  • Want to give Bitcoin a try? Here's how you can do it…
  • The world of Bitcoin hit the headlines last year. Its price was a big talking point as well as some scandal. This year, the price of Bitcoin remains down after tumbling over 60% last year. But this also means that you can get your hands on Bitcoin for a lot less than you previously could. The potential for Bitcoin and its technology is vast. It's just going to take time for more people to us... ››› more
  • [30 January 2015]
  • What's so special about Bitcoin?
  • The price of Bitcoin has had it tough over the last year. But just because the price is down, it doesn't mean that there isn't amazing potential with the digital currency and the technology it uses. So what is so special about the technology that Bitcoin uses? And how can you get your slice of the action? Read on to find out… The special thing about Bitcoin is the blockchain The t... ››› more
  • [29 January 2015]
  • Bitcoin: What happened in 2014 and what lies ahead
  • In its short life, 2014 was by far the worst year for Bitcoin. The digital currency shed a massive 67%. That means it earns the worst performing ‘currency' award of last year. So far, 2015 isn't looking much better for Bitcoin. Two weeks ago it plummeted another 47% to $170. Now it's back around $265. Let's take a closer look at what's going on and what may lie ahead… What happened... ››› more
  • [28 January 2015]
  • Two major advantages of using Bitcoin as a currency
  • If someone had said to you a couple of years ago about using a digital currency to pay for goods, you might have dismissed the idea. But Bitcoin is now growing in popularity and the idea of using a digital currency is no longer such a strange concept. With Bitcoin the most popular digital currency out there, what would be the advantages of using it? Let's take a closer look… Bitco... ››› more
  • [18 September 2014]
  • Can you put your faith in Bitcoin?
  • Bitcoin is really starting to take the world by storm. It's displaying all the signs of going mainstream. As more people adopt it, this will lead to even more people using it. Bitcoin has the potential to change the banking system and the way regulatory authorities conduct their business. But the question is, can you trust it? Let's take a closer look… The advantages of Bitcoin ... ››› more
  • [17 September 2014]
  • It's just a matter of time before the price of Bitcoin starts to soar
  • Over the last couple of months, the price of Bitcoin has struggled somewhat. Some analysts put this down to the number of people mining the digital currency and selling it on straight away. Adding to this flood of Bitcoin to the market are merchants. Instead of holding onto Bitcoin, they're turning them into real cash. These two factors are putting downward pressure on the price, but it ... ››› more
  • [08 September 2014]
  • Getting started with Bitcoin: The four types of Bitcoin wallet you can pick from
  • Before you can even think about buying Bitcoins, you need to have somewhere to store them. For this you need a Bitcoin wallet. There are four different types of Bitcoin wallet available. So what are the differences? And how safe are each of them? Let's take a closer look… Bitcoin wallet #1: Desktop wallets Desktop wallets don’t depend on a third party service, so that can be adv... ››› more
  • [18 August 2014]
  • Where to look to make money from Bitcoin
  • There are a lot of similarities between Bitcoin and the discovery of gold. The gold rushes that ensued discoveries of the yellow metal led to furious mining. Those that got in early made a lot more money than those who were slower to get in on the action. You can say the same for those who got into Bitcoin mining in its early days. So what can you learn from the parallels between gold mi... ››› more
  • [17 August 2014]
  • Eight tips to help keep your Bitcoin safe from cybercrime
  • As a digital currency, Bitcoin is growing in popularity. But Bitcoin has had its fair share of controversy. This includes the theft of Bitcoin. So if you're seriously considering getting into Bitcoin, how can you ensure that your Bitcoins are safe? Read on to find out what you need to do… Buying into Bitcoin Just last month, South African payment processor PayFast announced that i... ››› more
  • [14 August 2014]
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