Browsing: Currencies

Currencies Raising_the_Bar_What_is_bitcoin_used_for

What is bitcoin used for

Bitcoin is a form of digital currency, created and held electronically. No one controls it. Bitcoins aren’t printed, like rands, dollars or euros they’re produced by people, and increasingly businesses, running computers all around the world, using software that solves mathematical problems.  Rather…

Currencies Raising_the_Bar_What_is_bitcoin_mining

What is bitcoin mining

Bitcoin mining is the process by which transactions are verified and added to the public ledger, known as the block chain, and also the means through which new bitcoins are released.   The mining process involves compiling recent transactions into blocks…

Currencies Raising_the_Bar_What_affects_the_price_of_bitcoin

What affects the price of bitcoin?

In the world of cryptocurrencies, answering these questions is anything but easy.   When the price of a commodity or a stock rises, you can usually point to some sort of reason. When Apple has a good quarter, its stock price…

Currencies Raising_the_Bar_How_to_trade_digital_currency

How to trade digital currency 

What’s the newest asset class taking the investment world by storm, Cryptocurrencies, which is Digital currency that exhibits properties similar to physical currencies, but allows for instantaneous transactions and borderless transfer-of-ownership.  Bitcoin is a form of digital currency, so is Ethereum, Ripple,…

Currencies Raising_the_Bar_How_to_make_money_off_bitcoin

How to make money off bitcoin

Bitcoin is a digital and global money system (currency). It allows people to send or receive money across the internet; even to someone they don’t know or don’t trust. Money can be exchanged without being linked to a real identity.…

Currencies Raising_the_Bar_History_of_digital_currency

History of digital currency

In 1983, a research paper by David Chaum introduced the idea of digital cash. In 1990, he founded DigiCash, an electronic cash company, in Amsterdam to commercialise the ideas in his research. It filed for bankruptcy in 1998. In 1999, Chaum left the company.  In 1997, Coca-Cola offered buying from…

Currencies Raising_the_Bar_Crypto_case_study

Crypto currency – a case study

Cryptocurrencies can actually be used to purchase real-world goods and services. And many forward-thinking companies globally and locally have already started taking advantage of this for tax purposes and otherwise.  If you’d ask what’s the difference between a cryptocurrency, a digital currency, and a virtual currency? The…

Currencies Raising_the_Bar_Crypto_brokers_in_South_Africa

Crypto brokers in South Africa

Buy bitcoin in South Africa (SA) from a bitcoin exchange.   They’re two licensed bitcoin exchanges in SA for buying bitcoin, namely Ice Cubed, and Luno. Both of these bitcoin exchanges will accept a deposit from your bank account, and once the funds have cleared, you…

Currencies Raising_the_Bar_Bitcoin_US_real_estate_market_is_all_in

Bitcoin – US real estate market is all in

Hundreds of real estate transactions will be in bitcoin this year. Given that the cryptocurrency is already sending shockwaves in retail and restaurants industry it was inevitable that it wouldn’t find itself in the retail industry.  Investors from outside the country are increasingly investing in Florida real estate…