Latest Podcast Episodes

Recent Podcast Episodes

  • Calvin Weight

    Episode 48. How to create a cryptocurrency exchange

    Calvin Weight joins us to to discuss how to create a cryptocurrency exchange.  Calvin is the CEO of Coinbook, a bitcoin and cryptocurrency exchange, located in Salt Lake City, UT. He graduated from the University of Utah with a Master’s degree in Finance. Calvin was introduced to bitcoin in 2012 and has studied and invested in […]

  • Using blockchain to revolutionize the supply chain data exchange

    Episode 47. Using blockchain to revolutionize the supply chain data exchange

    Today Allan Gulley joins us to discuss how he is using blockchain to revolutionize the supply chain data exchange. Allan Gulley is a Senior Manager at the Auburn University RFID Lab, as well as a certified blockchain solutions architect and security professional. Over the past two years at the RFID Lab, Allan has led multiple […]

  • Leaving healthcare to do cryptocurrency full-time

    Episode 46. Leaving healthcare to do cryptocurrency full-time

    Today Crypto Wendy discusses how leaving healthcare to do cryptocurrency full-time has been one of her best decisions of her life. Prior to entering crypto, Wendy worked in healthcare at the largest infectious disease company in the world. Wendy became interested in cryptocurrency & blockchain technology in 2017. She quickly realized that blockchain technology would […]

  • Venture Capital in Blockchain and Cryptocurrency

    Episode 45. Venture Capital in Blockchain and Cryptocurrency

    Jay Zhao with TCL Ventures joins us to discuss venture capital in blockchain and cryptocurrency as well as some of the various projects he watching and has invested in. *Disclaimer. None of this information is financial advice. iTunes Google Play Stitcher Spotify

Recent Blog Posts

  • 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. […]

  • Buying the Dip

    Buying the Dip

    By Jacob Pouncey | Saxo Bank Analyst | Crypto Current Contributor This week the entire crypto market cap rose by 8.5%, bringing the market cap to USD 270 bn. Bitcoin and Ethereum rose by 8.5% and 4.5% respectively. Over the weekend the Bitcoin price found support at the USD 8k level a now appears to be headed […]

  • The future of crypto derivatives

    The future of crypto derivatives

    By Jacob Pouncey | Saxo Bank Analyst | Crypto Current Contributor This week the entire crypto market cap fell by 3.5%, bringing the market cap to USD 250 bn. Bitcoin is up by less than 0.2%. Meanwhile, Ethereum rose by 13%. Bitcoin’s and Ethereum’s month-to-date return is 48% and 58% respectively. Bitcoin’s steam appears to be running […]

  • Weekly Update 5.3.19

    Actual BTC volume much lower than advertised

    By Jacob Pouncey | Saxo Bank Analyst | Crypto Current Contributor Bitcoin market overview The basis for this overview is primarily derived from the recent Bitwise presentation for the United States Securities and Exchange Commission in which the firm addressed several of the oft-cited concerns of the commission in regards to approval of a Bitcoin ETF. The reason […]

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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