Like many other mainstream economists, Paul Krugman has long-shown a complete disdain for Bitcoin. In late 2013, he went as far as to write a piece titled Bitcoin Is Evil for his column in The New York Times.Moral objections to bitcoin are one thing…
Study Suggests 25 Percent of Bitcoin Users Are Associated With Illegal Activity
In anewly published paper on the use of bitcoin for illegal activity, researchers from the University of Sydney, the University of Technology Sydney and the Stockholm School of Economics in Riga indicate that a quarter of all bitcoin users are assoc…
Storing Your Bitcoin
Don’t forget to safely store your Bitcoins so you don’t lose them! If you buy your Bitcoins from an exchange, it’s a good idea to move them off of the exchange into either a desktop wallet, hardware wallet, or paper wallet. Desktop Wallet A desktop wallet is safer than leaving your Bitcoins on an exchange,…
History of Bitcoin Price
One of the main reasons why bitcoins is one of the most popular cryptocurrency in the world is the rate at which its value increases. Even though there have been a few instances when the price of one bitcoin dropped, the trend shows that it is headed in the right direction. The first fact that…
What is Bitcoin?
This is one of the very first cryptocurrencies created in 2009, created by an unknown programmer under the alias Satoshi Nakamoto. It is not dependent on banks or nationality, and intermediaries on exchanges handle all transactions. Most people prefer it because the transactions are anonymous and the transactions are free. Since 2009, the growth of…