Iran has finalized the development of its national cryptocurrency, which is backed by the local fiat unit, the rial. Once the Central Bank of Iran (CBI) approves its use, the yet-to-be-named digital currency will then be issued to banking institutions for testing in payments, internal and interbank settlements according to local media reports. Also Read: Bahamas […]
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On Saturday, Nov. 10, the operation BMG mining pool mined multiple 32 MB blocks on the Bitcoin Cash (BCH) network. The first block at height 556034 was the biggest block ever mined on the BCH chain and the process confirmed over 166,000 transactions. A couple of hours later, BMG pool mined 4 more 32 MB […]
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One of South Korea’s largest cryptocurrency exchanges, Bithumb, has begun providing a cryptocurrency payment service to a major online marketplace it refers to as “Asia’s Amazon.” Korean users can use their cryptocurrencies held at the exchange to pay for purchases on Qoo10 using this service. Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space Qoo10 […]
The post ‘Asia’s Amazon’ Starts Using Bithumb’s Payment Service for Cryptocurrency Users appeared first on Bitcoin News.Read more
3 Secrets To Bitcoin Investment Success
The bitcoin ecosystem got a lot of great news – investors are pouring millions into the ecosystem, the IRS clarified the U.S. tax situation, and Stripe announced they will support bitcoin.
HAVE A PLAN
Bitcoin investors need to have a strategy: It could be day trading, trying to pay off student loans, trying to retire, etc.
SECURE THOSE BITCOINS!
Bitcoin gives owners 100 percent control over their funds. With that great power comes responsibility. Any time funds are held in an online wallet, online exchange, or business those funds are at an increased level of risk.
Bitcoin’s price will drop. It’s price will probably drop more and faster than any other investment you’ve held.
When evaluating places to put bitcoins it is important to think of trust factors such as: who owns this company, where is this company located, what security features does this company employ, and how does this business make money?
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