What's Up With Crypto Regulation?

Bitcoin Selloff and Comeback was Regulation Driven

Unless you've been under a rock over the past couple of weeks, you know that Bitcoin (BTC) got hammered recently and then made a heck of a comeback. See for yourself...

Bitcoin Daily Chart - Cryptocurrency Regulation

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While volatility and fundamental factors are always at play, the big reason for the selloff was likely the China ban on crypto. Then the big reason for the comeback was likely the reassurance from U.S. regulators that they will not be following China's ban. Continue reading "What's Up With Crypto Regulation?"

What You Need To Know About NFTs

If you are wondering what all the hubbub is about when it comes to NFTs and cryptocurrency, you’ve come to the right place. I’ll break down what you need to know about this interesting side of crypto and whether or not it’s worth your hard-earned dollars.

So, let’s get to it!

What Are NFTs, Anyway?

To put it simply: NFT stands for “Non-fungible Token.” And since fungible means interchangeable, non-fungible is the opposite: It can’t be interchanged with another. There’s only one. Token stands for a crypto coin. Put them together; you get this: An NFT is a unique, one-of-a-kind crypto asset.

Here’s a couple of examples: Continue reading "What You Need To Know About NFTs"

Don't Miss This Crucial Ethereum Update!

When I first got into cryptocurrency and blockchain, I was fascinated by the idea of a decentralized, peer-to-peer network where I could transact business. But almost immediately, I thought that simply paying for stuff with Bitcoin (BTC) was only the beginning. Blockchain technology could do so much more.

That’s why I was taken immediately with Ethereum (ETH). The platform could do just about anything you could put into code. And that had enormous implications for finance, especially for consumers without traditional financial resources, like banks or brokers.

And today, the case for Ethereum couldn’t be stronger. I’ll give my reasons below. In the meantime, feel free to check out my article I wrote on Ethereum back in May. And also take a gander at my article on why blockchain is changing just about everything we do.

The Nuts and Bolts Behind Ethereum

Before we take a look at what Ethereum (ETH) has been up to – and what awaits it down the road – let’s do a quick review.

Like Bitcoin, Ethereum is an open-source, decentralized, ledger-based blockchain technology. While that may sound complicated, think of it as a fancy spreadsheet with a list of transactions that is copied across a vast array of computers. To transact business on the blockchain, you and the person you’re doing business with have to follow the rules set out in the transaction. If you do – and if everyone else on the blockchain verifies that you did – then the transaction is finalized and added to the blockchain. This all happens using sophisticated cryptography solving complicated puzzles duplicated across all those computers. So, doing business on the blockchain is super-secure.

But beyond these common characteristics, Ethereum is different from Bitcoin in many ways. Here’s what I mean: Continue reading "Don't Miss This Crucial Ethereum Update!"

Important Bitcoin Update!

Back in May, I talked about my reasons why everyone should own a little Bitcoin (BTC).

Since then, BTC has been on a wild ride, to say the least!

But the factors I talked about in May are still at play. That’s why today we’ll do a much-needed update on why Bitcoin and why it should still be a part of just about everyone’s portfolio.

A Bitcoin Refresher

Before we get into what’s happened with Bitcoin recently, let’s take a step back.

Like other digital currencies, Bitcoin doesn’t exist in physical form. Rather, it exists in digital form on computers. And because most bank accounts exist in digital form, Bitcoin is like something you’re already used to Your bank account. And like your bank account, Bitcoin has utility: You can use it as a method of exchange or hold it as a store of value.

But beyond these similarities, Bitcoin and your bank account are pretty different. In order for your bank to function on your behalf as either a method of exchange or a store of value, it needs to sign off on your account’s value and existence. You also have to rely on the bank’s computers to make sure your money is safely guarded. Continue reading "Important Bitcoin Update!"

Inside The 2021 Blockchain Survey!

I almost fell out of my chair when I read the latest take on the outlook for blockchain technology by consultancy behemoth Deloitte.

While I expected the report to show some positive signs, the fact is global executives see blockchain as making a “seismic” shift in just about everything they do, from business models to scalability to competition.

And we’re not talking about a time horizon many years down the road. The survey showed that these corporate movers and shakers think the blockchain seismic shift is already underway and will fundamentally change their industry within just 24 months.

That’s right, in just two years, it’s likely the business landscape – especially the financial business landscape -- will change so significantly, it will barely resemble what it is today.

But that’s not all: Inside the report are bombshells that even blew me away.

So, let’s get to it! Continue reading "Inside The 2021 Blockchain Survey!"