Bitcoin Is Becoming A Favorite Long-term Investment Option

Bitcoin Is Becoming A Favorite Long-term Investment Option

Many people tout bitcoin as a way to hedge against future financial instability. In most cases, that is considered to be solid advice. Interestingly enough a bullion-related website has a poll discussing various alternative investment options. It is evident bitcoin is the clear leader in this regard, which is not entirely surprising. For quite some time now, investors have been looking for alternative ways to make money. Buying and trading stocks or foreign currencies have become a rather risky endeavor as of late. With little room to make a profit quickly, alternative solutions need to be created. Bitcoin provides an intriguing alternative, although not everyone may consider it to be  a viable investment option right now. A new poll on a bullion-related website...

Regulations Push Cryptocurrency Traders to LocalBitcoins

Regulations Push Cryptocurrency Traders to LocalBitcoins

The increasing interest in Bitcoin has got the community looking for ways to overcome the roadblocks set by government agencies. As regulatory issues affect conventional methods of buy and selling cryptocurrencies over established platforms, the community members seem to have migrated to peer-to-peer platforms like LocalBitcoins. The market charts published by Coin Dance platform shows increasing Bitcoin trade volumes on LocalBitcoins. The surge in Bitcoin demand on the peer-to-peer trading platform appears to be driven by the recent developments in the Chinese cryptocurrency industry. The region wise demand trend shows the cryptocurrency’s volumes surge to record levels in the Chinese market. The volumes in Canada, Chile, China, Colombia, Mexico, Norway,...

Sberbank’s Head Predicts Large Scale Implementation of Blockchain in 2.5 Years

Sberbank’s Head Predicts Large Scale Implementation of Blockchain in 2.5 Years

The Bitcoin industry in Russia is still uncertain about how the country’s regulatory authorities may react at any time to cryptocurrency usage. But the Russian government agencies seem to have understood the potential of Bitcoin’s underlying blockchain technology and are even working on it. The country’s banking and financial sector has come together to create working groups and consortiums to develop and implement distributed ledger technology applications. The increasing interest in recent days is predicted to give rise to a blockchain wave, which will lead to widespread adoption of digital currency technology in the coming 2-3 years. The prediction was made recently by none other than Herman Gref, the head of Sberbank. Gref made the statement...

Sustainable Development Through Bitcoin

Sustainable Development Through Bitcoin

A. Hannan Ismail is senior adviser for south-south and triangular cooperation at the United Nations. He has spent 25 years in government relations and public policy advisory, corporate strategy, and project management. Further, he has expertise in the field of microfinance. In this opinion piece, Ismail looks at how bitcoin could drive the UN’s Sustainable Development Goals, which are aimed to improve the prospects of everyone on the planet.  “Never let a good crisis go to waste,” said one Winston Churchill. To set things straight from the beginning, I don’t have a bust of the former British Prime Minister in my office. For one thing, he was rather off on his views of Mahatma Gandhi, the most influential British subject of the 20th Century. The reason that...

US Taxpayer Information Costs as Less as $20 on Deepweb Marketplace

US Taxpayer Information Costs as Less as $20 on Deepweb Marketplace

The dark net is a big bag of tricks, dirty or otherwise. Nowadays people can buy almost anything on the deep web, provided they are willing to pay the right price in Bitcoin. The “right price” is sometimes not too much. For example, the US taxpayers’ information is available for as less as $20 a pop. In the recent days, reports of people committing tax refund fraud have started to emerge. These reports indicate that hackers are stealing sensitive personal information and using it to claim fraudulent tax returns on the actual taxpayer’s behalf. Now, with people rushing to file their tax returns before April 15, 2017, the number of such cases are bound to rise. The cases involving credit card frauds and stolen identity is relatively high in the United...