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Spanish Opt for Cryptocurrency in Food too!

Cryptocurrency is making all the right noises and it has already been used to travel the world, education, shopping and even as marriage gifts. Almost all service providers and retailers have begun to accept Cryptocurrency these days. Accepting crypto payments is considered a sign of being developed, modern and technologically sound.

Spain is one of the top 5 cryptocurrency friendly places according to a survey listed in Forbes. Spain welcomes new technology and devotes part of their budget to public entities as well, to encourage and develop Research and Development. A lot of sectors in the country have seen the adoption of cryptocurrency off-late.

In Real Estate, Mr. Piso allowed the registering of the sale of a property with Bitcoin and became one of the pioneers of Real Estate, to have done this. Fenosa and Endesa are the first Spanish companies in the energy sector who started trading energy from a Blockchain platform as a part of Enerchain initiative. In the tourism sector, 13Tickets offered tourists services throughout Spain and started accepting Bitcoins for payment. It has also announced that they are developing a token named TourisCoin for the same purpose.

The big news was when the Spanish people could opt cryptocurrency even for food. The popular Spanish restaurant and coffee chain, NOSTRUM, started accepting Bitcoin and other cryptocurrencies for food and coffee. Spanish food pioneer, Nostrum Restaurant, is one of the most popular eating places in Spain. It sells all kinds of hot and cold beverages, sandwiches, cakes and salads. The chain also announced recently, that they are planning their very own crypto token, called MealToken. The token is being developed in cooperation with Blockchain platform CryptoFranchise and the ICO is expected anytime this year. With this step, Nostrum becomes the first brand in QSR (Quick Service Restaurant) to create and use its own cryptocurrency.

 

The goal of this move, according to Nostrum, is to aim at bringing more adoption for hybridized payment systems and allowing more consumer freedom to choose their mode of payment. This certainly feels a great step to benefit the cryptocurrency world.

Free Bitcoins for Students

Free Bitcoins for students is not something new. It started way back in Oct 28, 2014 when two MIT students, Jeremy Rubin and Dan Elitzer, raised $500,000 from university alumni and members of the bitcoin community. Under the MIT Bitcoin project it was announced that each MIT undergrad became eligible to claim $100 in bitcoin by completing the survey hosted by the MIT Bitcoin Project. The main objective of this was to spur academic and entrepreneurial activity at the campus. Their goal was simple – to create an ecosystem for digital currencies at MIT.

Bitcoin has been heralded as the future of money, an anonymous way to purchase anything from a coffee to illegal drugs. But it has struggled to make the transition to a common currency. By injecting bitcoins into a real-world community, the MIT Bitcoin Project hoped to spur acceptance of the cryptocurrency among people who might not have otherwise tried it.

The organizers admitted that they still didn’t know how students will use their bitcoin at the time of giveaway, but that was largely the point. The program offered a unique opportunity to study behavior, spending habits, identify potential problems and alternative uses for bitcoin – no strings attached.

The students had options to spend their bitcoins however they wished, as long as it was legal. Students who were early adopters already had a lot of options to spend their bitcoins, in exchange for buying textbooks and college tuitions for development. There were a lot of takeaway food joints like Patty Chen’s Dumpling room and Veggie Galaxy which accepted Bitcoin.

 

Later that year Fireflies App made by Sam Udotong, an aerospace engineering student, let students request or carry out tasks for each other on campus in return for bitcoins, like picking up a meal from the cafeteria on a cold night. It was also found that a lot of students chose not to spend the bitcoins instead kept them for later investment or just sold it for regular cash. It was very evident that you could give a student $100 worth of bitcoin but you could not ensure that they use it.

GUI Mining

 

With the increase in the usage of cryptocurrency, you might be familiar with bitcoin mining. For a similar kind of purpose, there is a small tool called GUI Miner. GUI Miner is a graphical frontend tool used for bitcoin mining. The GUI Miner provides a handy and easy way to operate and handle the bitcoin mining. The tool supports both pooled mining as well as solo mining. You can choose from various mining pools.

Easy Configuration

There are not a lot of configurations needed in order to work with GUI Miner. It comes with most of the preconfigured settings. You can easily plug and play the tool. Moreover, you don’t need to start it every time to mine. It comes with an auto start option. By this, you can easily start mining as soon as you turn on your computer. All you need to do is, open the GUI miner and simply choose a mining pool. Next, you will be prompt to enter your login details, after entering click on start mining and you are good to go.

Stats and Funds

The best part about this tool is about the real-time stats and analytics for each and every one of your miners at a single location. The Graphical interface makes it easy to get details about any of your hash rate, total shares accepted/invalid, and various other details. You can check the total shares accepted from the past hour. The stats are updated every minute. Moreover, you can also see the funds on your account and even withdraw them in your eos wallets or others whenever you want, with just one click. It becomes easier to do the transactions

Support

The tool supports CPU Mining, and for the GPU, they have support for AMD and NVIDIA. Along with this, Most of the mining software is supported by GUI Miner, including but not limited to OpenCL Miner for AMD graphics cards, CUDA Miner for Nvidia cards, CGminer for any ASIC Miner, as well as it supports Ufasoft Miner. With the use of these, you can start mining with any tool and CPU.

Finance Business Loans

Finance Business Loans

Drawbacks Of Traditional Loan System

Financing for business has always been a major barrier for many small businesses. This is one of the reasons for most disturbing failures faced by new businesses. These failures are mainly because of many hurdles in the traditional finance industry, like old-fashioned credit rating procedures. As a result, the small and medium-sized businesses growth and their timely access to working capital business are denied.

Bitcoins Importance

Bitcoin also called as crypto-currency is a digital currency, which was mainly created to reduce the control of the government on the transactions and to make the whole process easy without the intervention of third-parties. Transactions are noted and issued on an electronic register, called blockchain. The blockchain depends on miners to verify justification and validation of transactions before their joining to the blockchain to prevent illegitimacy. The blockchain is distributed to all the bitcoin users instead of being on a single server, and therefore is invulnerable to the hackers.

Bitcoins loan Working

Bitcoin loans work like any standard term loan where borrowed money is paid back with the interest over a defined period of time. The loan is paid in fixed installments or all at once based on the preferences of the lender. These are the only similarities that exist between them. Bitcoin is not affiliated with any central government or banking institution, so the loan will be from other bitcoin users. Bitcoin loan is provided by a peer-to-peer platform that connects investors directly with the borrowers. With the advantages of cryptocurrency, there are few drawbacks as well.

Bitcoins Drawbacks

Bitcoin is not regulated in many countries where currencies are subsidized by the government. As a result, borrowing from other countries makes it difficult to hold the lender accountable for something that goes wrong. Value of bitcoin gets fluctuated throughout the day so the borrower could end up owing several times the amount borrowed due to assorting exchange rates. Despite the issues faced by the bitcoins, its success has introduced many other alternates cryptocurrencies like Litecoin, Ripple, Mintchip. The limitations faced by the cryptocurrencies may be overcome through technological advancements in the future.

4 tips to guide you to trade in cryptocurrency

 

The value of cryptocurrency is increasing day by day and due to this reason, it has become very important to understand the mechanism of the entire process that has taken place. It can be a bit confusing for beginners to start trading in cryptocurrency. But here are 4 crucial things that can guide you in trading in cryptocurrency:

  1. Getting ready for a bumpy ride

You should get ready for a bumpy ride if you plan to get into the core of the cryptocurrency market. As the entire process is quite volatile, it is never stagnant at one place which makes it very interesting for the customers to carry out transactions and exchanges. Investing in cryptocurrency always has to be done on individual risk.

  1. Don’t invest more than you could afford to lose

A lot of beginners make the mistake of investing more than one can afford to lose. The market of cryptocurrency is highly volatile with up and downs every now and then. So investing more amount will always keep one in the anxiety of losing it swiftly if at all certain transactions do not take place as desired. There are even various scams which customers should always stay aware of in such a case. Exchanges that offer sufficient amount of security should always opt first.

  1. Understanding the functioning mechanism of cryptocurrency

Cryptocurrency is a decentralized and encrypted digital currency which can be exchanged and transferred between the customers through various means. Understanding the basic concepts of the functioning mechanism of cryptocurrency will help you in assessing where to invest and how much to invest when it comes to trading. Know more about it on www.cryptocurrencyfacts.com

  1. Having sufficient knowledge about the nasty traps while trading coins

Having done a background research about the various tax implications, scams and nasty traps that one could fall in while trading coins is extremely beneficial as it will help you in being aware of all these things while trading. This will always keep you alert about the problems that might come your way during the process of trading cryptocurrency.

4 incredible benefits that cryptocurrency offers

 

Cryptocurrency has gained a lot of momentum in recent years. It is basically a digital currency that is managed through the use of advanced encryption techniques known as cryptography. There are immense amounts of benefits that this digital currency offers. Here are the 4 incredible benefits of cryptocurrency that you must know:

  1. Immediate transaction and settlement

Purchasing of real-time properties includes third parties, delays in the transactions and extra time consumption in the entire process to be carried out. Cryptocurrency contracts can be designed to eliminate or add any third parties or reference data as per the requirement. The transactions can happen in just a few minutes due to the absence of the traditional asset transfer system. This is extremely beneficial for small to large scale business enterprises.

  1. The fees charged are comparatively much lower

The cryptocurrency exchanges and transactions do not charge any fees as they get compensated by the network. There is very less amount of cost incurred if any third party is involved. But unlike credit and debit card transfers, no amount of money is paid for the transaction to take place. This can help the businesses save a lot of money which is usually spent on making the transactions happen every now and then.

  1. Efficient theft identification

Theft can take place in case of a credit card transfer as complete details are provided to the merchant for the transaction to take place. But in the case of cryptocurrency, a certain kind of push mechanism is used which allows the cryptocurrency holder to only send the exact amount to the recipient with no additional disclosure of any vital information. You can get more information about it on www.due.com

  1. Global recognition

Cryptocurrency is not bound by any exchange or interest rates or transaction fees for any country which makes it very reliable to use at an international level without any hassles. It saves a lot of money for the business enterprises that spend a lot of money to make the transactions from one country to another. The entire process of the transaction is simplified in cryptocurrency due to the operation taking place at a global level.

Apart from these, there are many more advantages that cryptocurrency has to offer.

 

What to check before joining a new cryptocurrency exchange?

 

The blockchain technology is penetrating in all the major sectors. More and more new people are developing an interest in crypto trading. New blockchain technology based projects are releasing unique tokens for crowdsourcing funds. These tokens seem quite appealing because their values will rise with time. Just because of this reason a lot of people are investing in crypto tokens and popular cryptocurrencies.

Though crypto assets are not as popular as fiat, you can still trade them on crypto exchanges. You can find and join an exchange that provides the best features for crypto trading. If you are new and do not know what to consider before joining a crypto exchange, here are some tips to get started:

Security and anonymity:

Your chosen crypto exchange must provide unbeatable security features to protect your digital assets and data. Centralized exchanges are prone to threats like hacking and data loss whereas decentralized crypto exchanges offer exceptional security features. You should also consider an exchange that allows you to be anonymous while trading if you do not want to reveal true identity.

Purchase methods:

The purchase methods should be flexible. It should be up to the user that he wants to buy crypto assets by making payment via wired transfer or by using cryptocurrencies. There are exchanges that permit their users to use credit cards, bank transfer, and cryptocurrencies for buying new crypto assets. Such an exchange would be the best for your crypto trading requirements.

Supported cryptocurrencies:

Bitcoin and Ethereum are the two most popular cryptocurrencies across the globe. A lot of crypto exchanges support these two crypto assets, but there are many others. There are more than 1,500 cryptocurrencies. The number is increasing due to newly introduced tokens with ICOs. You should choose a platform that supports a wide range of crypto assets so that you can invest in various different crypto assets.

The centralized cryptocurrency exchanges have ruled the crypto industry for a long time. Many traders want to get rid of these exchanges due to the expensive trading fees and poor security. A lot of people are now joining decentralized exchanges to experience the latest crypto trading features.

The Challenges of Integrating Cryptocurrency into Our Daily Lives

 

It is fantastic to take the time and be positive about cryptocurrency and the blockchain space. It happens all too often where people are ready to jump on the negative side and crucify the entire industry because of some minor hiccups or even worse, without any knowledge at all. One question though, which pops up again and again is how to best integrate crypto into our daily lives.

What Exactly are the Challenges?

There are a few. One of the major issues is transaction speeds and the ability of different networks to handle high volume transactions well. At present, most networks cannot come close to matching speeds or volumes handled by the likes of major credit card companies. This is a major issue which greatly inhibits the adoption of many currencies for daily use.

That said, speeds are improving. This is evident from the likes of XRP, where, even though the project itself causes stern debate within the community, the network can still handle large volume transactions in a very speedy time when compared to other major cryptos. Still though, more progress is required.

Transaction Cost

Another key element when evaluating cryptocurrency prior to investment is the transaction fees which are associated. With the likes of Bitcoin and Ethereum, these have managed to increase quite significantly as the networks have become busier. This represents another big issue when it comes to regular use. How we can best reduce these costs is still a matter being debated. Currencies such as EOS though are beginning to shift the paradigm positively in this respect.

Market Volatility

This is a major concern among most users, especially those who wish to re-convert their earned cryptocurrency into fiat. Sure, currency values in every nation fluctuate, crypto though does have a tendency to move faster and more frequently. To solve this issue is complex and perhaps requires an economy which is solely based on crypto, or some type of assured backing to keep the market balanced and consumer confidence steady to avoid panic.

Should I Hire a Marketing Manager for my ICO?

With so many ICOs out there trying to capture the attentions of investors, it is very important that those behind the projects do everything they can to make them stand out. This means there is an inevitably huge push on marketing. To enact such dedication, the hiring of a professional really is crucial. That said, why should you look to hire a marketing manager or agency to assist your project? – Here are a few reasons:

Cost vs Reward

When considering this choice, you must think how much you are willing to allocate in terms of budget. This means, how much of the budget you are willing to dedicate to marketing as a whole for the project, and of this amount, how much you can set aside for a marketing manager. ICOs in the current climate require skilled marketing more than ever, and it is not uncommon to see projects allocate over half of their funds to marketing. If you are confident of success, then the salary of a skilled marketing manager will repay its cost multiple times over.

Time and Expertise

Time management is essential in any project. There are so many things to do and simply not enough time to get them done. This means you have to be smart with your planning and allocation of duties. Marketing is a time intensive activity which should ideally be left in the full-time care of a professional to allow you to focus on other areas.

Reputation

Reputation is a big talking point in the ICO world these days, with many accusations that influential platform members from the likes of ICOBench have been distributing their highly weighted “expert” ratings to projects in exchange for payment. This is unethical to say the least. A marketing manager can add a tangible layer of trust among your team which will enhance the overall value the investor sees in the projects. Again, this should ultimately lead to a more successful raise of funds.