Tag Archives: bitcoin

A Significant Ethereum to Bitcoin Price Chart.

Analysis:
A Significant Ethereum to
Bitcoin Price Chart.

    

The price of Ethereum largely recovered from this week’s flash crash.

Some call it a sell off in a secular bull market, others call it buying the dip. We call it: strong fundamentals, and by that we mean that the price surge is justified by demand driven dynamics. Because of that we stick to our long term Ethereum forecast of $1000.Talking about fundamental strength in Ethereum, it is interesting to apply traditional relative strength ratios to cryptocurrencies. When analyzing traditional markets we look at the gold to silver ratio to identify which of the two is outperforming or to understand whether a bull market has started or ended. In stock markets the S&P 500 to Russell 2000 ratio is popular as a gauge of risk (the small cap Russell typically outpeformers when investors are in ‘risk on’ mode).
When it comes to cryptocurrencies the most popular way among analysts is to compare market caps. While that is a good indicator it is not the most valuable one in our view.
 
What really is valuable as an indicator is the price ratio, for instance the Ethereum to the Bitcoin price ratio. The reason why we prefer this ratio above a market cap comparison is that, bottom line, whatever the market cap, all that matters is price. The point is that price reflects supply and demand factors; price is the point where supply and demand find equilibrium.
The Ethereum to Bitcoin price ratio is shown on the following chart:
 
This ratio reveals a very interesting insight. In March of this year, Ethereum’s relative strength moved to an “all-time high” right when it crossed the horizontal red line annotated on the chart. In chart analysis terms we call it a “breakout.” As goes with most breakouts it tends to come back down to test the breakout point before moving higher as of that point. That is called a “confirmation of the breakout” so it suggests that the uptrend will continues.The “real deal” took place in May, when the Ethereum to Bitcoin ratio crossed the other red line, see green circle. That is when the acceleration of Ethereum’s outperformance started.
 
What all this means is that Ethereum is the clear winner, and that this ratio was able to forecast it in April and in May.
It also learns that readers can do their own research by looking for other ratios, for instance Ethereum to Ripple or Ethereum to Litecoin to get an idea of the real outperformer. Relative strength tells much more than absolute prices.Going forward, as prices continue to fluctuate, we will start seeing new patterns on this chart. That is what investors are closely following, and we suggest readers with positions in Ethereum do the same.Note that this ratio does not suggest anything about the future price of Ethereum or Bitcoin.

Chuck Reynolds


Marketing Dept
Contributor

Please click either Link to Learn more about -Bitcoin.

Why banks need to start offering cryptocurrency wallets

Why banks need to start offering cryptocurrency wallets

    

With the recent surge in value of cryptocurrencies,

ordinary people and traditional investment firms are paying more attention to the space. The market cap of cryptocurrencies has grown from less than $30 billion in March 2017 to over $110 billion in June 2017, and this is just the beginning. Cryptocurrencies are quickly becoming a new global market for assets, similar to stocks, bonds, mutual funds, and government backed-currencies. But the immediate settlement of currency transfer on blockchains (such as Bitcoin and Etherium) is a double-edged sword. On the one hand, it’s incredibly efficient at money movement; on the other, it allows bad players to transfer your cryotcurrency with the same speed. And if the wrong person gets unauthorized access to your cryptocurrency holdings and transfers the currencies to their own wallet, there will be no getting it back.

As a result, among new investors in the space, there is a concern about giving money to new, unproven, and non-regulated online-only cryptocurrency wallet providers. And that opens up an opportunity for traditional banks. You already trust them with your life savings, so you will likely trust them with your cryptocurrency holdings. It would take an enormous investment for banks to move into this space. But here are some reasons they should consider it:

They can address a real pain point for their customers:

Cryptocurrency investors are concerned about trusting recently established organizations to hold their assets. Banks are reliable alternatives because people trust them. Banks entering this space will solve a real financial problem for their customers and will deepen and reinforce their relationship.

They will stay relevant:

Cryptocurrencies such as Bitcoin might become more popular than government backed currencies one day. The only way for a bank to stay relevant in that future is to secure their relationship with the cryptocurrency holder today. As time goes on, new players will slowly earn a reputation for safety and security and will present a threat to existing financial institutions. Now is the time for banks to secure those relationships while they still have an advantage over existing and entering players.

They will start learning by doing:

Cryptocurrencies are here to stay. Banks must start learning how these markets operate and discover the right business models for their organizations before fintech companies make them irrelevant. A great way to do so is to get their feet wet by getting involved and forcing themselves to start learning. What exactly can banks offer in this ecosystem? Will ordinary people just want a cryptocurrency wallet from a trusted name? Will they want a cryptocurrency checking or savings account to pay for their daily purchases? Will they treat cryptocurrencies as a long-term asset similar to gold? No one knows the answers to these questions, but banks will get closer to the right answers by getting involved today and offering a solution that allows them to monitor the behavior of customers who hold cryptocurrencies.

They can help shape the future of cryptocurrency regulations:

Banks can influence the future of cryptocurrencies by putting more pressure on governments to regulate the industry. While the lack of regulation in the industry creates concerns for banks looking to enter this space, the sooner they get into the cryptocurrency holding business, the sooner they can start pressing regulators and government for more guidance on how cryptocurrencies should be treated and the sooner they can develop their own policies if needed.

Banks have a small window of opportunity to jump into the cryptocurrency space. In a few years, cryptocurrency wallet providers will have gained enough trust and credibility that they will make banks that did not reinvent themselves irrelevant. Now is the time that banks have a competitive advantage over cryptocurrency wallet and trading companies to solve a real problem for their customers. The good news is that the number of individuals and organizations in this space is limited today so banks can test various business models and learn from their customers while cryptocurrencies evolve to become a reliable asset. 

Chuck Reynolds


Marketing Dept
Contributor

Please click either Link to Learn more about -Bitcoin.

Top Most Hyped Up Cryptocurrencies Right Now

Top Most Hyped Up Cryptocurrencies Right Now

                             It is apparent there is a lot of excitement in the world

of alternative cryptocurrencies. Plenty of coins are seeing significant value increases, although not all of them will have a place in the mainstream world. Below are some of the altcoins gaining a lot of value as their mainstream potential continues to grow.

Augur

Every cryptocurrency enthusiast will have heard of the Augur project. By creating a decentralized prediction market where users can wager on any event taking place at any given time, Augur sees a lot of merit in using the wisdom of the crowd. The platform will be powered with REP tokens, which have seen a fair value increase these past few days. About a week ago, the value per REP was US$5.35, which has now increased to US$10.16. Keeping in mind how there are only 11 million tokens, this value could go up even further in the coming months. Then again, investing in Augur should not be done for short-term gains by any means.

Factom

Even though the Factom project is quite intriguing, a lot of people tend to overlook the platform’s native token. Factom stores records on the blockchain and anchors them to the Bitcoin ledger. It appears people are finally realizing the potential Factom holds, as its native token’s value has increased from US$2.63 to US$4.41 in just seven days. Impressive momentum for a somewhat undervalued project.

Dash

The rise of Dash‘s value cannot be ignored by anyone in the world of cryptocurrency. Even a DDoS attack against a few hundred masternodes could not disrupt this price increase by any means. Even though Dash’s value is retracing a bit after a steep rise, things are still looking quite positive. Over the course of one month, Dash’s value has gone from just over US$21 all the way to US$90. It even surpassed US$100 yesterday, but the price momentum could not be sustained for long.

Monero

Some people will gladly tell you a Monero price increase had to happen sooner or later. Anonymity-centric cryptocurrencies always tend to do well, and several darknet markets have shown interest in Monero as well. Things are looking very good for Monero these past few days, with a value increase from US$12.45 per XMR all the way to US$22 in a week’s time. It is interesting to see Dash and Monero experience growth around the same time.

Ethereum

People who are not glued to the exchange charts right now may have missed out on Ethereum‘s meteoric rise these past few days. Right now, one ETH is worth US$40.98, up from US$18.75 a week ago. Interestingly enough, Ethereum Classic saw its value increase as well, from US$1.33 to US$2.02. Although some people argue these coins are still one and the same ecosystem, there are some major differences between them. In the end, both coins’ market cap is increasing at the same time. Most intriguing indeed.

Chuck Reynolds


Marketing Dept
Contributor

Please click either Link to Learn more about -Bitcoin.

Top Cryptocurrencies in Japan

Top Cryptocurrencies in Japan

It is evident for everyone to see Japan is going crazy about cryptocurrency

right now. This is made possible thanks to the new regulations going into effect, which removed the 8% sales tax when buying Bitcoin and other cryptocurrencies. It is also interesting to note several cryptocurrencies are incredibly popular in Japan, whereas others are not that hot. All of the coins listed below are ranked based on their JPY trading volume.

MonaCoin

Although this particular cryptocurrency has eluded the vast majority of enthusiasts, MonaCoin is quite popular among JPY traders. It is listed on the Zaif exchange, where it can be traded against Bitcoin as well. MonaCoin was also one of the altcoins successfully activating SegWit before Litecoin did.

XEM

The native token of the New Economy Movement has seen its fair share of success in Japan as well. It is a currency maintained by a team of Japanese developers. Moreover, XEM – and its NEM blockchain – have made quite a name for itself in Japanese circles as well. Definitely a currency to keep an eye on moving forward.

Ethereum

A lot of people will be shocked to learn Ethereum is not all that popular when it comes to buying or selling it in exchange for the Japanese Yen. Then again, these are still the early days for cryptocurrency in the country, and things may continue to shift around for quite some time to come. Ethereum is very popular when traded against bitcoin, though, as is to be expected.

Ripple

It comes as quite a surprise to a lot of people to learn Ripple – or to be more precise, XRP – is quite popular among Japanese cryptocurrency enthusiasts. Various exchanges list XRP as one of their trading pairs, and it seems to do quite well overall. In most cases, XRP can be traded against the JPY only There is one big exception to this trend, though. The Mr. Ripple exchange – which is mostly known for buying and selling XRP –  trades the currency against the JPY, USD, Bitcoin, and Ethereum. Its JPY market is by far the largest on the platform, although the XRP/BTC market is quite popular as well. It is quite interesting to see Japanese exchanges dedicated themselves to one particular currency and even naming the platform after it.

 Bitcoin

Regardless of where one looks in the world, Bitcoin will always be the most popular traded currency against fiat. Japan is no different in this regard, as all exchanges allow for BTC/JPY trades by the look of things. It is due to this trading pair these platforms are so successful during the initial stages of Japanese cryptocurrency adoption.

Chuck Reynolds


Marketing Dept
Contributor

Please click either Link to Learn more about -Bitcoin.

Top Hottest Cryptocurrencies Right Now

Top Hottest Cryptocurrencies Right Now

    

 

The world of cryptocurrency is full of dozens upon dozens of altcoins

all fighting for their market share. Due to the overwhelming amount of coins on the market its hard to decide which coins are worth looking into and which coins are simply scams. Today we feature the top 5 hottest cryptocurrencies on the market RIGHT NOW.

Tether

Launched in late 2014 Tether is a cryptocurrency whose main focus is to keep a stable value. It works just like Bitcoin, but it has 2 major differences. First is the fact that each Tether (USDT) is pegged at $1 USD. If you look at Tether’s price chart you will see that it always has a value of $1. The way the currency accomplishes that is because every Tether is backed by a real US dollar. There is a trade off however for such a stable currency. If you would like to trade tether you need to provide some personal information to pass KYC / AML regulations.

The second difference is that Tether doesn’t have its own blockchain like most cryptocurrencies. Instead, it runs on the Omni Layer, which is a platform built on top of Bitcoin, allowing the issuance of digital tokens such as Tether. In a way, each Tether transaction is a Bitcoin transaction which is made through the Omni Layer. Tether’s market cap is ranked at number 21 and is at $14 million. If you are tired of the volatile crypto market and want to store some coins in a stable crypto asset, definitely look into Tether.

 Dash

Originally released in 2014 as Darkcoin, Dash is a re-brand of the cryptocurrency. It is a privacy centric project which was the first to use the X11 hashing algorithm, first created DarkSend, and also created the Dark Gravity Wave. This may sound like technical jargon but in short the X11 algorithm is just a modification to the SHA-256 mining algorithm that bitcoin uses. DarkSend is a feature which allows for a better obfuscation of transactions allowing for anonymous trade. Finally, the Dark Gravity Wave is a new way to adjust the mining difficulty. Unlike Bitcoin which adjusts its mining difficulty every 2016 blocks, DarkCoin uses the DGW algorithm to adjust it’s difficulty in an exponential fashion making a smoother difficulty adjustment.

In addition to the three above, there are much more features like InstantSend, Masternodes, and PrivateSend. Combine all those features with a dedicated development team and you get Dash. With a 24 hour trading volume of close to $2 million and a market cap of over $100 million Dash is definitely not going anywhere anytime soon. Currently each dash is worth $15 and the price seems to be on an uptrend.

Monero

Just like Dash, Monero is also a privacy centric crypto, launched in 2014 under the name BitMonero. Unlike DarkCoin which used similar codebase to that of Bitcoin, Monero was the first fork off a crypto-note coin – Bytecoin. In short, the main difference between bitcoin and crypto-note based altcoins is that one implementation of the blockchain is much more opaque. To be more precise, one can follow any Bitcoin transaction through it’s blockchain, and one can see which addresses send what amounts. However, the way crypto-note implements it’s blockchain makes it impossible to trace transactions through it. It is only possible to learn the approximate amount of each transaction, but the origin or the precise amount is hidden.

Monero is not just a clone of Bytecoin, the developers were able to find quite a bit of flaws in Bytecoin’s code and were able to improve on it. As with Dash, a strong development team is the key to a coin’s success. Monero is ranked number 5 by market cap which is at a whopping $166 million, and each monero is worth roughly $12. The 24 hour volume is currently close to $3 million and the price is also currently on an uptrend.

 Ethereum / Ethereum Classic

Ethereum is both a currency and a platform. Initially proposed in 2013 by Vitalik Buterin, in its simplest form it is a blockchain based application development system, think of it as an IDE, just like Eclipse or Visual Studio, in the cloud. It allows the creation of smart-contracts, which are agreements between two parties that are overseen by a computer program. It uses the Electrum Virtual Machine to allow for the creation of those smart contracts, and requires Gas (short for “Gasoline”) in order to execute those contracts and to prevent spam on the network.

The reason why there are two currencies, Ethereum and Ethereum class is due to the DAO fork in 2016 which caused the split. The DAO (Decentralized Autonomous Organization) was the first real attempt at creating a massive vehicle for autonomous investment capital management, and received close to $50 million in funding in the form of Ether. Unfortunately, it contained a terrible bug which allowed for any user to arbitrarily withdraw any amount of ethereum from the DAO and transfer it to another child DAO. After an anonymous attacker moved over $15 million in ether to the child DAO, the community came to a disagreement when it came time to fix the problem. Some wanted to revert the malicious transactions, while others thought that the rollback was unfair since the whole point of decentralized cryptocurrencies is that you cannot reverse transactions. This was the reason for the 2 forks, Ethereum reverted the theft from the DAO, while Ethereum Classic (ETC) kept rolling along. Ethereum Classic

supporters believe:

“The core value proposition of any blockchain is immutability; valid transactions can never be erased or forgotten. Individuals interacting on Ethereum Classic are governed by this reality; Code is Law.”

Both ETH and ETC have healthy trading markets which are currently at an uptrend. Ethereum’s 24 hour volume is at $12 million and it is ranked number 2 by marketcap at $960 million. Ethereum Classic’s 24 hour volume is at $3 million with a market cap of $124 million.

Bitcoin

Bitcoin needs no introduction, first created 8 years ago it has been the market leader ever since. Bitcoin’s market cap is a whopping $15 billion, more than 15 times its toughest competitor. After reaching an all time high earlier this month and plummeting right after, it seems that the market is recovering once again as prices peak $930. As always the safest cryptocurrency to trade with is Bitcoin as even though price fluctuations may be high, they will never be as high as some of these smaller cryptos. If you are a cryptocurrency enthusiast the above 5 markets are all worth taking a look at, think of them as mutual stocks. They are safe investments compared to what else is out there, however one thing is for certain, out of all the cryptos Bitcoin is a must have in your portfolio. Also make sure to checkout this list for the 6 hilarious cryptocurrencies that are actually worth something.

Chuck Reynolds


Marketing Dept
Contributor

Please click either Link to Learn more about -Bitcoin.

Top Alternative Cryptocurrencies on the Rise

Top Alternative Cryptocurrencies
on the Rise

In the world of alternative cryptocurrencies,

it is very important to keep a diversified portfolio. Not every coin going up in value has a legitimate use case, and there are quite a few pump-and-dump schemes to be wary of. However, some altcoins are getting a lot of positive attention due to the developers putting in a lot of hard work. Below are some coins which have recently achieved major technological breakthroughs, and are now seeing their value rise as a result.

BlackCoin

Although a lot of people have seemingly forgotten about BlackCoin, the cryptocurrency is still around. One of the main areas of focus for this project has always been to find ways to improve the proof-of-stake protocol. In a recent update, the BlackCoin developers have unveiled their Blackcoin Lore launch, which is a solution paving the way for smart contract potential.

Moreover, this new milestone will also make BlackCoin the first proof-of-stake digital currency to implement key components from Bitcoin Core 0.12. More importantly, this update paves the way for smart contracts on the BlackCoin blockchain moving forward. It will be interesting to see when this dream will be realized, but it is definitely something to look forward to. Additionally,the update allows BlackCoin to benefit from projects such as Blockstack and Joinmarket.

 Maidsafe

A lot of people were caught by surprise when the value of Maidsafecoin suddenly started to explode a few days ago. It seems the most recent development update has something to do with the price momentum, even though none of the updates are “major.” All of this goes to show the Maidsafe concept is inching closer toward finalization, which is good news for anyone looking into using a decentralized internet.

Stratis

It has to be said, the Stratis value has been a bit of a rollercoaster these past few weeks. With the value surging non-stop for nearly a week, it almost started to look like a pump. However, the value corrected quickly and is now seemingly stable around the US$9 mark. A new wallet update was released not too long ago, and it looks like developers are making good progress on the Breeze Wallet too. Moreover, it has been confirmed one can effectively mine PoS blocks inside the Breeze Wallet, which is a major development.

Siacoin

Siacoin has been of great interest to cryptocurrency users and speculators over the past few weeks. The world of decentralized file storage solutions is getting a lot more interesting, to say the least. A lot of users are experimenting with these solutions as a way to earn Siacoin for sharing excess hard disk space with people looking for storage solutions. Sia is one of the projects getting very close to providing actual decentralized file storage solutions to the masses. It is only natural the price of this native token goes up as well.

Ethereum

Although a lot of people would rather not think of Ethereum as an alternative cryptocurrency, it still fits into this category. That being said, the recent value increase of Ether has been nothing short of amazing. The value per ETH surpassed US$365 and seems to maintain that value with relative ease. However, there is still a question of how much of this price point is due to speculation, rather than “actual” value. For a cryptocurrency ecosystem with no supply cap, some people feel Ether is incredibly overvalued. Then again, the token is necessary for people looking to buy into most cryptocurrency ICOs.

Chuck Reynolds


Marketing Dept
Contributor

Please click either Link to Learn more about -Bitcoin.

Top Things You Can Buy With Bitcoin

Top Things You Can Buy With Bitcoin

Even though the concept of bitcoin continues to baffle quite a few people,

cryptocurrency is becoming a more common payment method month over month. With a growing number of merchants accepting bitcoin, the products and services one can buy with cryptocurrency become more varied. Below are some fine examples of how one can spend bitcoin and gain something valuable in return.

Ordering Food Online

All over the world, the trend of ordering food online has become more prevalent over the years. It makes a lot of sense to buy food online and have it delivered to your doorstep. Various of these platforms around the world accept bitcoin as  a payment method. Takeaway.com is one of the largest platforms to accept bitcoin and they have seen their fair share of success in the process.

Video Games

The video game sector has taken kindly to bitcoin these past few years. Prominent platforms, such as Kinguin, G2A and Steam have all integrated a bitcoin payment option into their platform. For the younger generation who is enthusiastic of bitcoin, this seems like a match made in heaven. Considering how most of these platforms also sell game time and other in-game prepaid cards, using bitcoin as a gamer has never been easier.

Gift Cards

Buying gift cards with bitcoin has become a breeze, albeit most of these efforts are focused on the United States and Canada. A wide range of platforms accepts bitcoin in exchange for either digital or physical gift cards. Gyft, eGifter and Cryptodechange are just  a few examples of places where one can buy a gift card with bitcoin. All of these platforms support a wide variety of online services and retailers, giving bitcoin users access to whatever their heart desires.

 VPN Services

In this day and age of growing surveillance, ensuring one’s internet activity is hidden from prying eyes becomes more important than ever. VPN services are a great way to surf the internet anonymously and at an affordable price. Interestingly enough, the vast majority of VPN service providers accepts bitcoin payments, due to its global appeal. There is a secondary purpose to using bitcoin as a payment option for VPN services. Unlike traditional payment solutions, bitcoin allows users to maintain their privacy during the signup and payment process. For those people who take privacy seriously, paying for a VPN with bitcoin is the ultimate combination.

Travel and Accommodations

More expensive items and services can also be paid with bitcoin these days. Booking a hotel through Expedia, for example, can be paid in bitcoin. Flights can be booked through that site as well, but there is also CheapAir to take into consideration. It is expected more travel operators will start to accept bitcoin payments over the coming years.

Chuck Reynolds


Marketing Dept
Contributor

Please click either Link to Learn more about -Bitcoin.

Ways to Quickly buy Bitcoin

Ways to Quickly buy Bitcoin

It has to be said, buying bitcoin remains a concept

a lot of people struggle with to this very day. Most exchanges do not make this job any easier, with lengthy verification processes and only being able to use a bank transfer to fund one’s account. Thankfully, there are some quick and convenient ways to buy bitcoin without too much hassle. Keep in mind one may need to pay a slightly higher price in exchange for this convenient service, though.

Credit Card

Although there are not too many services accepting credit card payments, those that do provide a near-instant gateway between traditional finance and bitcoin. Although users will still need to go through a verification process, it shouldn’t take more than 15 minutes to complete. There will be specific limits for newcomers looking to buy bitcoin with a credit card, though. These limits will be raised as the user generates more volume. Among the exchanges accepting credit – and even debit – card payments are the usual suspects such as CEX, Coinbase, Coinmama, and 247exchange. A few other platforms may offer a similar service, although it is advised users always do their own research first. Using a credit card for bitcoin purchases will invoke a fee that differs from platform to platform, though.

Bitcoin ATM

Users looking to directly exchange cash to bitcoin have a few options at their disposal. Using one of the many bitcoin ATMs around the world is a great solution to instantly buy cryptocurrency, albeit one may have to pay a slight premium fee. Most ATMs charge a 5% or higher surcharge, which is the price one has to pay for the added convenience. It is not difficult to find a bitcoin ATM these days, as there are nearly 1,000 of these devices in operation all over the world. That does not mean one can just go outside and stumble upon one in every region either, though. Rest assured the number of bitcoin ATMs will continue to grow on a global scale as more time elapses. Right now, nearly three bitcoin ATMs are brought online every day of the year.

LocalBitcoins/Peer-to-peer Trading

By far the fastest and most convenient solution to buy bitcoin is by using the LocalBitcoins platform or a wallet application with built-in peer-to-peer trading capabilities. Users can connect with sellers directly and pay using the payment method accepted by the seller. This can be cash, PayPal, bank transfers, or any other method one can think of. The same goes for peer-to-peer trading, a feature found in quite a few mobile bitcoin wallets right now. Peer-to-peer trading provides a lot of conveniences and also a certain sense of security since there are no intermediaries involved in the transaction. Peer-to-peer trades are always subject to a price higher than the current market average.

Chuck Reynolds


Marketing Dept
Contributor

Please click either Link to Learn more about -Bitcoin.

Top Companies Accepting Bitcoin

Top Companies Accepting Bitcoin

    

Since Bitcoin’s inception 8 years ago many merchants and retailers have warmed up to the currency and use it today. This article will list the 5 best places to spend your Bitcoins.

Dell

Dell started accepting Bitcoin in 2014, it is one of the largest personal computer companies in the US. Dell’s Bitcoin payment option is integrated with Coinbase and it is built right into the checkout page. When you’re ready to make a purchase, add your items to your cart, fill out your shipping details and choose Bitcoin as your payment method. After the order is submitted, you’ll be taken to Coinbase to complete your purchase.

Cheapair

Cheapair is a New York based company founded in 2005. It provides a service similar to Expedia which allows you to book flights and hotels. They first started accepting Bitcoin in 2013 and have never stopped since. Just like with Dell, Cheapair’s bitcoin payment system is integrated straight into their checkout page and is powered by Coinbase.

Overstock

Founded in 1999, Overstock is one of the largest american retailers based out of Utah. It offers a variety of products ranging from home decorations to computer hardware. The checkout process is similar to Cheapair’s and Dell’s and is integrated through Coinbase. When the company first started accepting Bitcoin in September of 2014 it because the first major retailer to accept Bitcoin. In fact, Overstock’s CEO was so intrigued with Bitcoin that he decided to take it a step further by opening up his company’s stock to be publicly traded on the blockchain. As a result, they also became the first publicly traded company to issue stock over the internet.

Steam

Initially released in 2003, Steam is a digital distribution platform which offers a variety of PC games to more than 89 million gamers. It is considered the largest video game distributor owning roughly 75% of the market. It first started accepting Bitcoin in April of 2016 as they partnered with Bitpay. The checkout process is just the same, you simply select the Bitcoin payment option and Bitpays API will take care of the rest. One potential reason that Steam partnered with Bitpay rather than Coinbase is because Steam has a higher focus on international users while the companies above focus on the domestic market. While Coinbase might be one of the more compliant companies in the US, Bitpay has a smoother integration overseas.

eGifter

eGifter is a New York based company founded in 2011, the youngest company on this list. The reason it ranks so high is because it opens up an opportunity to spend Bitcoin and dozen more places. eGifter provides a gift-card buying and sending solutions to users and businesses. You can purchase a gift card for yourself, for a friend, or you can even start a group gift. The best part is that eGifter accepts Bitcoin! Some of the stores that you can purchase gift cards for include: Amazon, Target, eBay, Adidas, Dominos, and much much more.

Chuck Reynolds


Marketing Dept
Contributor

Please click either Link to Learn more about -Bitcoin.

Top Best Bitcoin Beginner Wallets

Top Best Bitcoin Beginner Wallets

Easiest and Safest Wallets for Beginners to store bitcoins

Earlier I had written a list of the Top 5 easiest ways to buy bitcoin. Even the bitcoin beginner is warned against storing coins online in exchange wallets. After all, we are living in the new age of cyber warfare. I’ve put together another list this time around: the top 5 easiest and safest wallets for beginners to store bitcoins. If you want a more comprehensive comparison, checkout this bitcoin wallet comparison chart and reviews.

Mycelium

A great mobile wallet for Android and iOS users. If you are just starting with Bitcoin, Mycelium is has a simple UI that is easy to navigate. The Bitcoin keys are stored on your phone meaning you have full control over your Bitcoins. Furthermore, you are provided with a seed when you first register the wallet which should be written down and stored in a safe place. In case you loose your phone, you could recover the wallet using the secret 12 word seed.

Multibit

Multibit is a software wallet. Like other software wallets, it encrypts your private key with a handy save to USB option. The thing that makes Multibit stand out is that is doesn’t need to download the whole blockchain to access, send, or receive bitcoins. Instead, it is connected directly to the bitcoin network and only has to download a small section of the blockchain, which enhances its speed tremendously. This also enables it take up less hard drive space on your computer. It is available to multiple platforms.

Blockchain Wallet

While it’s not the most unsecure wallet out there, it’s coming in at number three, due to the fact that it’s the most known. This has made Blockchain Wallet the biggest target for hackers looking to steal your bitcoins. Blockchain is aware of this, and has implemented client-side AES encryption, which protects your walled from a hack of the server. This wallet supports offline transactions as well, and a double encryption process along with two factor authentication. Blockchain Wallet also lets you back your wallet up onto Google Drive or Dropbox, and lets you download your wallet manually. To help combat server hacks, they have set up regular off-site server side backups every hour. They even have a mobile wallet, as do the rest of the wallets on the list.

Breadwallet

Breadwallet is a great wallet for iOS users. Just like the Mycelium wallet it stores your Bitcoin keys on your phone giving you full control over your funds. Furthermore, breadwallet uses fingerprint or a passcode in order to lock the wallet.

 Electrum

This is the best wallet for desktop users, hands down. The feature that drove me toward Electrum in the first place was the fact that you can open multiple wallets using the same seed. You can also create and sign transactions without being connected to the internet. In addition you have the option of downloading a “root public key” that you can use with mobile applications to monitor your Electrum wallets. The UI is super easy to use and is not only tailored to beginners but also has advanced functions. It is a definite must try if you are looking for a multifunctional wallet to hold your funds.

Chuck Reynolds


Marketing Dept
Contributor

Please click either Link to Learn more about -Bitcoin.