Thoughts about cryptocurrencies

Market circuit breakers could have helped stop the decline in Bitcoin

12 Mar 2020 1 minute read 1 comment Jumble

Market circuit breakers will temporarily stop trading in a financial market or a single stock. The goal is to stop the panic selling. This temporary stop lets the market participants “catch their breath”. But it may not keep the market from decreasin...

Germany makes a decision about the legal status of cryptocurrency

12 Mar 2020 1 minute read 2 comments Jumble

On March 2, 2020, Germany's Federal Financial Supervisory Authority (BaFin) made a decision about the legal status of cryptocurrencies in its financial system. The decision was made because of the Fifth European Money Laundering Directive (5AMLD). Th...

Nine cities almost free of the coronavirus where you can spend your Bitcoin

11 Mar 2020 1 minute read 0 comments Jumble

The coronavirus continues to infect more people around the world. But there are some cities where the incidence of the coronavirus is small. These locations can be low-risk place to visit. Here is a list of nine cities that are almost free of the cor...

At last! I have some Bitcoin! What can I do with it?

10 Mar 2020 1 minute read 0 comments Jumble

Bitcoin can be used to buy almost anything by anyone and anywhere. One easy method to use Bitcoin is to buy a gift card. You can buy a gift card in a range of categories such as: baby clothing electronics food and restaurants games groceries health,...

The status of Central Bank Digital Currencies

9 Mar 2020 1 minute read 2 comments Jumble

Many people bank digitally. That is, they use bank cards and online banking services. Some people have also used cryptocurrencies, such as Bitcoin, either as a medium or exchange or as a store of value. As a society goes cashless, it is necessary for...

A Bitcoin 51% attack is near!

8 Mar 2020 1 minute read 4 comments Jumble

What is a 51% attack? A 51% attack occurs when a one Bitcoin mining pool gets more than 50% of the mining power (hash power). How can this happen? Bitcoin is a permission less network. That is anyone can: join the network validate a transaction thus...