Our Latest Podcast Episode Released on 09.09.19

Recent Podcast Episodes

  • building a crypto podcast

    Episode 58: Growth Hacks to Building a Crypto Podcast

    Today our host, Richard Carthon, discusses some of the growth hacks to building a crypto podcast he has learned over the past year.  *Disclaimer. None of this information is financial advice. iTunes Google Play Stitcher Spotify

  • Tezos Foundation

    Episode 57: The Tezos Foundation

    Today Alex Liu joins us to discuss the Tezos Foundation and things to lookout out for on the legal side of cryptocurrency. Alex graduated from Tulane Law School in 2011 and started his law practice as a public defender in New Orleans, La. After leaving the public defender’s office, he worked as General Counsel for […]

  • history of money

    Episode 56: The History Of Money And How It Applies To Cryptocurrency

    Sterlin Lujan gives a keynote about the history of money and how it applies to cryptocurrency at the Crypto Current Conference. Sterlin is a futurist, freedom activist, visionary, and public speaker. He is the former Communications Ambassador and Opinion Editor for Bitcoin.com. His background is steeped in activism, journalism, academia, and cryptocurrency technologies. He worked […]

  • future of cryptocurrency

    Episode 55. The Future of Cryptocurrency

    Check out The Future of Cryptocurrency Panel Discussion featuring Benjamin Leff, Jacob Pouncey, and Joe Blackburn from this year’s Crypto Current Conference! Benjamin Leff is an expert token sale community manager with experience growing and managing large online communities across multiple social media channels. Founder of Leff Ventures (http://leffventures.com/), Ben is highly knowledgeable in creating […]

Recent Blog Posts

  • libra coin infographic

    Libra Coin – A New Digital Currency Developed by Facebook Infographic

    Libra coin, developed by Facebook, has been getting a lot of media attention, but what is? The infographic below gives a great explanation and visualization of what it is and what it is trying to accomplish. This infographic was created by our friend Karthik at MrBTC.org This infographic was originally made here.

  • Market Weekly Update 7.3.19

    Race for implementation

    By Jacob Pouncey | Saxo Bank Analyst | Crypto Current Contributor This week the entire crypto market cap fell by 11%, bringing the market cap to USD 320 bn. Ethereum and Bitcoin fell by 12% and 10% respectively. This comes after a parabolic rally in Bitcoin price in the second quarter of 2019. Mike Novogratz, believes that the Bitcoin […]

  • Derivative market heats up

    Derivative market heats up

    By Jacob Pouncey | Saxo Bank Analyst | Crypto Current Contributor This week the entire crypto market cap rose by 25%, bringing the market cap to USD 360 bn. Etheruem and Bitcoin rose by 22% and 37% respectively. This marks a meteoric rise in Bitcoin price since the start of the quarter, moving from USD 4k to […]

  • Weekly Update 6.13.19

    Eyes towards the East

    By Jacob Pouncey | Saxo Bank Analyst | Crypto Current Contributor This week the entire crypto market cap rose by 3%, bringing the market cap to USD 260 bn. Bitcoin and Ethereum rose by 2.5% and 1.5% respectively. Bitcoin has been gravitating around the USD 8k level, while ETH has found a new home around USD 250. […]

FAQ

A digital or virtual currency that uses cryptography for security.

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Satoshi Nakamoto, an unknown software developer who proposed bitcoin in 2008 by using mathematical proof as an electronic payment system. Satoshi created bitcoin as a response to the financial crisis of 2008.  

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No. You can spend as much as you want (as little as $5).

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Bitcoin acts under the same circumstances as any other currency, meaning Bitcoin can be used theoretically anywhere that accepts Bitcoin as a proper exchange of value. While stores are slowly adopting Bitcoin, here are some places you can use your Bitcoin on the internet:

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  • Bitcoin is a digital form of currency and differentiates from your average currency and some altcoins in these  5 major ways:
    • Decentralization
      • No single entity controls the bitcoin network. It is maintained by a group of volunteer coders, and run by an open network of dedicated computers spread around the world called nodes.
    • Limited Supply
      • Fiat currencies (dollars, euros, yen, etc.) have an unlimited supply – central banks can issue as many as they want, and can attempt to manipulate a currency’s value relative to others. With bitcoin, on the other hand, the supply is tightly controlled by the underlying algorithm. A small number of new bitcoins are distributed into the blockchain network every hour, and will continue to do so at a diminishing rate until a maximum of 21 million Bitcoins has been reached.
    • Partial Anonymity
      • Since there is no central “validator,” users do not need to identify themselves when sending bitcoin to another user. When a transaction request is submitted, the protocol checks all previous transactions to confirm that the sender has the necessary bitcoin as well as the authority to send them. The system does not need to know his or her identity. With that being said when buying Bitcoin from an exchange most require that you reveal your identity and keeps record of whatever bitcoin you buy or sell.
    • Immutability
      • Bitcoin transactions cannot be reversed, unlike electronic fiat transactions. This is because there is no central person in charge of the transaction that can return the money.
    • Divisibility
      • The smallest unit of a bitcoin is called a satoshi. It is one hundred millionth of a bitcoin (0.00000001).

 

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Due to Bitcoin being open source, anyone can take the code and edit it to create a different coin than Bitcoin creating an Altcoin. An altcoin is basically any coin that “forked” away from Bitcoin, some prime examples being Ethereum, Litecoin, and Ripple.

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“The blockchain is an incorruptible digital ledger of economic transactions that can be programmed to record not just financial transactions but virtually everything of value.” – Don & Alex Tapscott, authors Blockchain Revolution (2016)

The blockchain network lives in a state of consensus, the network reconciles every transaction that happens in ten-minute intervals. Each group of these transactions is referred to as a “block”. A network of so-called

computing “nodes” make up the blockchain.

 

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You can buy cryptocurrencies on online exchanges. Some of the most common exchanges are Coinbase, Binance, and Bitfinex. You can even purchased them from special ATMs

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