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With cryptocurrencies like Bitcoin and Ethereum, leading the charts, it is hard to ignore the fact that digital currencies are becoming everyone’s new want. Having investors line up right in front, looking forward to making new investments with the cryptocurrencies.

Every month, more digital currencies are added on to the list. Especially, with businesses turning to cryptocurrencies, demands in areas outside the digital world have seemingly begun to decline.

In all this, gold in the sudden surge in demand of virtual currencies our precious metal has suffered immensely.

Supply and Demand

Unlike Bitcoin, there is about $7 trillion worth of gold in the world.

The limits on bitcoin’s supply and the potential worth of the digital currency mean there will be an increase in demand for a limited product, thus driving up the value. Also, the time taken to add Bitcoins to the market has actually dropped since the difficulty to mine a block keeps increasing.

Future of Bitcoin and Gold

Tom Lee, the widely followed strategist said in a report that his model shows how Bitcoin could rise to a range of $20,000 to $55,000 in the next five years.

Moreover, as new cryptocurrencies arise, more and more investors have begun to accept the blockchain technology. Countries are wanting to implement these techniques into their financial sectors and completely decentralize.

Bitcoin now makes up the minority of the entire cryptocurrency market at about 41.6% of all coins and assets.

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How To Earn Bitcoins

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Everyone wants to be rich and for this, they pick out different methods. Some of those ways are easier and quick to work, while others are not so much. Cutting to the chase, one of the quickest ways to become rich is Bitcoin – the most valuable cryptocurrency out there. There are many ways to earn bitcoin here we are going to tell you how to earn bitcoin in the easiest ways possible.

how to earn bitcoins

By Completing Tasks On Websites:

The simplest way to earn bitcoins is carrying out simple tasks on certain websites. Some of the websites that offer Bitcoin in exchange of the tasks carried out by their visitors are BitVisitor, CoinWorker, and BitForTip.

By Accepting Them As Payment:

If you are running a business, big or small; introduce Bitcoin as an additional payment option. That’s probably even easier than the one mentioned above: you already have an established business and a client base. All you have to do now is convert the entire client base, or a portion of it to paying you in Bitcoin.

Through Mining:

Mining is a bit slow method to earn bitcoins, but it is also the most common one. Mining requires a special combination of hardware and software for the generation of new Bitcoin blocks. However, the process is relatively expensive and requires a constant supply of electricity which makes it slightly out of reach for a common folk.

So, these three are the most common Bitcoin earning methods for those wondering how to earn bitcoins. Choose one that’s most convenient for you.

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Bermuda Is Considering to Become the Very First Country for Regulating ICOs

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Blockchain Task Force was launched last year by the Finance Minister of Bermuda, David Burt. It encompassed an Authorized and Regulatory Working Group which would make sure that the country is creating a blockchain-friendly environment for concerned startups. After four months, Burt came up with another creative idea, which was to make certain that Bermuda is regulating ICOs for the first time in blockchain history.

Blockchain industry

David Burt Views About Blockchain-Related Issues

A statement was published on the official website in which talked about the global developments of blockchain-related matters and also the felonious activities that have been recorded in such areas. While discussing this issue, Burt noted that there’s no doubt that these violations have already existed but the technology behind these advances could unsettle traditional methods without any difficulty.

This is the main reason why it has become so essential for the government to deliver an authorized framework because it will make sure that people are not crossing the bounds of the specified regulations while making advancement in their projects. It’s been stated that:

ICOs have been used to enhance existing product and service offerings and to develop and implement new ones, all without the added costs and burdens of having to hire expensive middlemen to arrange transactions … Bermuda has an opportunity to become a global leader in the Fintech space by being one of the first countries in the world to specifically regulate ICOs. “

ICOs: Limited Trading

Few adjustments will be made in the current Bermuda Laws and a bill will be drafted after that. The finance minister will concede permission to ICOs, and after that, they will be permitted to work legally. But for passing this step, ICOs must have to provide details about the people who are handling the project, roadmaps, hard cap, soft cap, future product development and information of the digital asset.

What should be the next step of Bermuda?

Even though many countries have imposed strict rules and have banned such activities, Burt still suggests that Bermuda should leave its comfort-zone and accept technological revolution there. The parliament of the country is requested to have a discussion on this subject immediately, though, the statement hasn’t specified any date. Burt also highlighted the opportunities that have been set down by blockchain industry and stated:

“We will not stand in the shadows and watch it pass us by.”

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Cryptocurrency Project Controlled by China’s Government: Have a closer look!

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legal digital currency

 

China is among those countries that have exerted more control over cryptocurrency and continues to go forward in its exertions to present a government-controlled cryptocurrency. Recently, a group of Shanghai reporters learned about a secretive cryptocurrency projects during the Global Blockchain Summit Forum.

Last week, the ministry of industry and information technology of China revealed that a study searching for a framework in order to regulate blockchain technology locally has been already conducted by it. The embracive perspective for blockchain technology is exactly opposite to the Chinese crippling curbs against the local cryptocurrency markets that have called on ICOs (Initial Coin Offerings) ban and cryptocurrency exchanges phased out to effectually broad up the local trading markets.

Progress

According to a report, 22 blockchain technology invention patents have been applied by the China Boxer Blockchain Technology Research Institute. The primary technology architecture by the team has been finished and according to Yifeng, the digital billing business of central bank has been also completed. At this time, it is encouraging the opening and closing of a blockchain registration platform.

According to Yifeng, the most crucial part of the blockchain is to advance the technology with the real business while searching for application scenarios. The members of the platform cannot only use it, but they’ll be also able to conduct the institutional certification and attain shared trust and assistance amid all parties.

Yifeng said that the major difference between the current electronic payment and digital currency is that it can be both “account-based” and “non-account-based.” Digital currency appears to ease the expediency, speed and low-cost of a trade payment system, although simultaneously, delivering protection and security of the privacy of the user.

The Real Digital Currency

According to Yifeng, the statutory digital currency that is issued by the central bank is the only real digital currency. For him, the digital currency that bitcoin represents is, in fact, a digital asset with firm qualities, less intrinsic value and more volatility.

Yifeng said that the coins issued by ICO are more preposterous. He added, how can an autonomous credit currency turn out to be a payment and liquidity instrument. He furthermore added, there’s no clear schedule for the launch of the legal digital currency.

The Blockchain Technology Research Institute will be establishing obliging associations with numerous research institutes and universities to encourage research in extents like distributed technologies, cryptography algorithms and zero-knowledge proofs.

Based on blockchain technology, the Digital Billing Platform which was taken on back in 2016 by the China Boxer Blockchain Technology Research Institute was effectively established on the Stock Exchange. According to the chairman of China Bills Credit Card Industry Development Co., Ltd., Fan Guiluo, blockchain is a trusted technology and it will be used under the reliable system of the China’s banknote printing and issuing company.

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Buy Bitcoin in UK – 6 Best ways to buy Bitcoin in UK

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This article explains six easy methods of buying Bitcoin in UK. There are several options to choose from, such as buying Bitcoin using cash, card, or bank transfer. Based on your level of convenience, you can choose whichever you want.

Ways To Buy Bitcoin In UK

Method 1 – Buy Bitcoin With Credit Card In The UK:

The steps involved in buying Bitcoin with credit card in UK are:

  • Pick a Website: Some of the best sites to buy Bitcoin with credit card in the UK include Bittylicious, CoinCorner, and Circle. The process mostly includes some steps which are chosen service and follow their on-site instructions. A new arrival named ‘Circle’ may change this trend but they are newcomers and don’t officially support UK cards.
  • Enter the Amount You Want to Convert: The limits of transactions may be low at the start but they will increase after the first successful transaction or after finishing their verification procedures.
  • Enter the Bitcoin Wallet Address to which you want to transfer the coins.
  • Make the Card Payment.
  • Depending on restrictions and a time limit set by each site, you’ll receive your bitcoins.

Method 2 – Buy Bitcoin Using a Buying Service:

Some steps to buy Bitcoin using a buying service are:

  • Pick a service: The purpose of buying services is to make it easy to buy a small amount of Bitcoin. Best options in the UK include Bittylicious, SpeedyBitcoin, QuickBitcoin, CoinCorner, and CoinDuit. Some of them accept cards and some accept cash payments.
  • Enter the amount You want to exchange.
  • Enter the Bitcoin Wallet Address to which you want to transfer the coins.
  • You will pay them usually by Bank Transfer, and you must have the transaction reference which they provide you with.
  • Within 15 minutes after the payment, you’ll receive your coins.

Method 3 – Buy Bitcoin Using an Exchange:

  • Go to a Bitcoin Exchange as CoinCorner and CoinFloor and create an account. CoinCorner and CoinFloor allow you to pay directly in Pounds. You may also choose Bitstamp and Kraken but these Exchanges will involve a conversion of Pounds to Euros and also a SEPA transfer. Generally, this conversion results in an additional fee. This is the best option if you buy Bitcoin regularly or in bigger quantities as the Exchange rates are generally competitive. If you are just starting, you must prefer to use a different option.
  • Transfer money by SEPA or Bank Transfer.
  • Wait for your money to clear about 1 to 4 working days. This differs between Exchanges.
  • Transfer your money for bitcoins.
  • Transfer your Coins from Exchange to your Bitcoin Wallet.

Method 4 – Buy Bitcoin With ATM:

  • Check if there is a Bitcoin ATM nearby.
  • Make sure before going to the ATM that you’ve some Sterling notes because these machines don’t accept credit/debit cards.
  • Go to the ATM. You may also have to bring Proof of ID because some ATM machines require this.
  • Follow the on-screen instructions.

Method 5 – Buy Bitcoin From a Friend Who Owns Bitcoin:

  • Find a friend who already owns Bitcoin.
  • Check the exchange rate.
  • Decide a number of Pounds which you want to exchange.
  • Pay them your Pounds.
  • Provide them your Bitcoin Wallet address so your friends can pay you in Bitcoin.

Method 6 – Buy Bitcoin Using a Trader:

  • Find a Bitcoin Trader as Mycelium, BitBargain, and LocalBitcoins.
  • Choose a Trader with a respectable reputation score.
  • Send a message to Trader and ask further details about how to pay. For pay through cash agree the meeting place and time.
  • When the seller gets the payments, the seller issues the Bitcoin amount to Bitcoin Wallet address you provided.

These are some methods that you can use to buy Bitcoin in UK. Wishing you good luck with your purchase!

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Not sure How to buy Cryptocurrencies?

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Recently, there were reports of banks restricting credit card acquisitions of cryptocurrencies, however, there are still many options available which can be used for buying cryptocurrencies. There’s always a risk in investment and trading move, so, always do your own little research when making a decision.

Coinbase is a well-known interface where you can easily buy crypto with fiat money. Users only have to create an account and verify their identity on Coinbase, then they can easily buy whatever they want with their debit card.

Another sister company of Coinbase is GDAX, which gives users an idea of how these cryptocurrency exchanges are actually working. It describes an instinctive interface with trade history, charting tools and real-time order books. All of these tools ensure traders that they’re getting the most out of their trade.

how to buy cryptocurrencies

Another popular exchange is Bitfinex. Its website claims that it’s the most progressive cryptocurrency trading platform in the world and has many advanced charting tools. Its website has an app, which is available for both iPhone and Android users. It offers three features:

  • Exchange trading
  • Margin trading
  • Margin funding

You can easily find places to buy cryptocurrency with fiat money, however, Robinhood is unique in its zero-fee approach. Their main goal is to provide an easier platform for people to buy cryptocurrency. This trading app lets users buy cryptocurrencies like Bitcoin and Ethereum right from their phone without any trading fee.

Can you buy all cryptocurrencies with fiat money?

At this time, cryptocurrencies that have fiat/crypto-pairs are:

  • Bitcoin
  • Bitcoin Cash
  • Ethereum
  • Litecoin
  • Ripple

Coinbase offers following cryptocurrencies which users can buy with fiat debit cards:

  • Bitcoin
  • Ethereum
  • Litecoin
  • Bitcoin Cash

Users will have to send their BCH, BTC, ETH, or LTC to an exchange to get involved with other altcoins.

How to buy Bitcoin without involving exchanges?

Nowadays, Bitcoin ATMs are becoming very popular. There are almost 2,393 Bitcoin ATM machines worldwide, and with these machines, users can buy Bitcoin by using fiat currency and can even sell Bitcoin to withdraw fiat money. These devices help traders by not having them to deal with the trading part of crypto and are very much convenient.

Recently, Cointelegraph has partnered up with Simplex and now it offers a convenient way of buying Bitcoin, Ethereum, and Bitcoin Cash. Simplex accepts most credit cards and some debit/prepaid cards as well.

How to buy crypto with Cash?

It’s quite simple to buy Bitcoin with cash. If you know anyone who wants to sell BTC, there are decentralized, p2p sites where you can meet people who are interested in buying Bitcoin. LocalBitcoins is currently working worldwide as an advertising community board and helping its users to agree on a price and so that later, they can meet in person to trade. The exchange process is time-consuming and it’s not much reliable, as it involves strangers. But it’s still very popular and its users have great reviews about it.

Decentralized Exchanges

DEX isn’t very popular but it’s a trust-less AI system that connects traders online. The money goes from the user’s wallet to an escrow in a centralized exchange, and then to the other user in the trade. Funds that are kept in centralized exchanges are stored in wallets, which are owned by the company. User funds are stored in hardware wallets in a DEX, on each user’s computer. This smart contract helps in keeping trust between the users, who are trading the money. Altcoin.io is also working really hard to make a simple interface to exchange crypto quickly and the team became famous back in October after it successfully completed the first-ever BTC-ETH atomic swap.

It’s quite easy to buy cryptocurrencies now, and we’ll probably see some massive improvements this year, for both centralized and decentralized exchanges. The main focus of centralized exchanges will be; usability, scaling and adding new tokens, while decentralized exchanges will focus on getting their product out, involving the present crypto community.

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