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Bitcoin and Ethereum Rises to The Highest in Two Months After A Huge Price Drop.
Price rise Both Bitcoin and Ethereum are recording huge price gains after experiencing the biggest price drop this year. The bear is reversing setting the market for a possibility of a sustained bull run. Though the gains are visible in both cryptocurrencies, Ethereum gains are higher in comparison to bitcoin. In its lowest, Ethereum fell below the $2000-dollar mark from the highest of its over $4000. On the other hand, the price of bitcoin fell below $30,000 after a high of over $60,000. The crypto market in general has added over $250 billion within the last few days. This indicates the level of optimism in the market. Rise of Bitcoin…
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What You Need To Know About Monero; A Cryptocurrency Altcoin
MONERO (XMR) Monero is part of the group of fast-growing cryptocurrency altcoins. Altcoins are the alternative crypto currencies to Bitcoin. Since its start in 2014, XMR has gained major milestones both in price and acceptability. Unlike other currencies, Monero was specifically made as a privacy coin. It allows the transfer of funds between individuals in complete privacy and anonymity. This is one of the reasons Monero has gained a lot of interest. The interest is not only by investors but also by criminals. It is actually one of the most used channels by hackers to transfer funds that have been stolen and ransom. Below is a price graph of Monero’s…
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3 Important Things You Need To Understand About Bitcoin Before Getting Into It
Bitcoin has become a common word in the past few years. From print to the visual media, everyone is talking about it but not many people understand what it is or how it works. In this article, I will be taking a look at bitcoin in detail and hopefully make it simpler to understand it. Bitcoin belongs to the category of cryptocurrencies. So, to understand Bitcoin, you have to first understand cryptocurrencies. Related articles: Cryptocurrencies: Is The Kenyan Financial System Ready The last few years saw the introduction of a technology known as Blockchain. Blockchain was introduced as a ledger-based technology that would allow the creation of open systems that…
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CRYPTOCURRENCIES; IS THE KENYAN FINANCIAL SYSTEM READY?
While the term cryptocurrencies might be new to you, it is quite the rage in today’s digital space. Within the last five years, there is a term that has become familiar in the investment arena. That term is Bitcoin. Just out of the blues everybody started hearing these terms. Cryptocurrencies and bitcoin. The media, government, and private entities were the most unreserved on the subject. What is it? Why is it rising? Is it another Ponzi scheme? All this hullaballoo pointed to the dawn of a new era. The age of the internet generated money. This might sound funny in the first mention but if you take a deep evaluation,…
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