The most valuable company in the world accepts Bitcoin!

Apple is the most valuable company in the world for most of the year, so when one such “institution” supports Bitcoin, it means a great thing!

If you are a Bitcoin user and you have an iPhone and an Apple Watch, then you will be thrilled by the fact that you will be able to use the strongest cryptocurrency with the Apple Pay payment system via the mentioned devices.

Through the BitPay wallet application and the prepaid MasterCard card in Apple Wallet and Apple Pay, Bitcoin can be added and paid for online and in stores.

Not only that, but the BitPay wallet application also supports Ether, Bitcoin Cash, but also cryptocurrencies linked to the dollar currency, such as USDC, Gemini Dollar, Paxos Standard and BUSD.

To add BitPaycard to Apple Wallet, you must have the latest version of BitPay installed. This app is, of course, officially available in the Apple AppStore store, and can also be found in the Google Play store.

According to the PhoneArena news source, Google will soon support the spending of Bitcoin currency in this way through its Google Pay, as well as Samsung using the Samsung Pay system, but this has not yet been verified or confirmed from any source.

Apple’s support comes at an ideal time, according to money experts, because it could bring the company as much as 40 billion dollars in earnings from the exchange of cryptocurrencies alone, and give America the advantage in the cryptocurrency market in the next 20 years at least.

Also, the support of a growing number of American large companies, such as Apple, but also Tesla, which announced that it will sell cars in cryptocurrencies, means that the market accepts such technologies, although its regulators and official institutions do not trust it.

Non-Bitcoin cryptocurrencies to follow in 2021

The rise in the value of Bitcoin dominated the cryptocurrency market in 2020, but in 2021, lesser-known digital currencies could develop.

Investors may want to follow other, cheaper, digital currencies and tokens.

Ripple

Ripple is a coin tied to XRP, a blockchain that is advertised as a payments platform that enables faster and decentralized exchange of currencies and remittances compared to ordinary bank transfers.

Although Ripple is not possible to mine like Bitcoin, some consider it a viable alternative to the foreign exchange payment system, especially for small transactions.

Ripple also recorded a sharp rise in value over the past month, climbing about 107% since the end of November to $0.60.

Litecoin

Although Litecoin lost its luster after its appearance in the early 2010s as the first altcoin, it still attracted users to its platform as a faster way to conduct transactions compared to the long-standing nature of the Bitcoin blockchain.

Litecoin also offers a cheaper entry point for new crypto investors than more expensive Bitcoin, because despite an increase of 167% this year, it is still trading at around 140 US dollars.

This cryptocurrency does not occupy the dominant position it once was, however, investors may want to take it into account again.

Cosmos

As blockchain technology continues to expand its polarity, more and more projects are emerging to take advantage of the system, one of which is Cosmos.

However, unlike other altcoins on the market, Cosmos aims to address some issues regarding the scalability of different blockchain platforms and their ability to interact.

Although the token is currently on the cheaper side of about $6 apiece, Cosmos could experience a wave of investor interest if it manages to pull off its ultimate goal of connecting blockchain chains, potentially opening up whole new methods for technology to function and interact.

Bitcoin Cash

Despite the fact that the name is closely related to the original cryptocurrency, Bitcoin Cash is not correlated with Bitcoin itself.

Bitcoin Cash cannot be used for transactions on the original Bitcoin blockchain and vice versa.

Bitcoin Cash offers a cheaper option for Bitcoin, with current value in digital currency trading, at a price of about $470 per piece.

Bitcoin “turned 12” and broke records again

When exactly 12 years ago(January 4, 2009) a person or group of people under the pseudonym Satoshi Nakamoto presented their digital innovations – blockchain technology and their cryptocurrency Bitcoin, the news may have been looked at only by some IT experts, but at that time not even most computer scientists could not explain exactly what it was about and how it worked.

Meanwhile, the digital world has mastered blockchain technology, so at the moment there are several thousands of cryptocurrencies, most of which are directly related to Bitcoin, and tens of millions of people around the world now look at monitors every now and then following the price of cryptocurrencies on the market.

Although the world of cryptocurrencies is still a great mystery for “ordinary mortals”, the impact that digital money has had on the global market is above all expectations, even the most optimistic ones who said ten years ago that cryptocurrencies are the future of the world economy.

During yesterday alone, the total turnover of trade in which Bitcoins were paid amounted to over 80 billion dollars, and only on that basis it is clear that cryptocurrencies are no longer the future, but the very present present of the world economy.

In the beginning, of course, this was not the case because the unknown technology did not immediately gain the trust of potential users of digital money and it was difficult(not much easier now) to explain that transaction security is guaranteed and that a set of data on a computer can be converted into real(paper) money.

What is being bought with Bitcoin today?

In 2009, when BTC was launched, it was not entirely clear how and where it could be spent. Now you can buy practically everything.

For example, large companies such as Microsoft and Del receive Bitcoin payments for a range of their products and digital content.

Bitcoins can be used to pay for airline tickets to about thirty airlines around the world, and tickets for some London theaters can also be paid for.

Other options include paying for hotels and buying property, settling bills at various bars and restaurants, betting at an online casino and making charitable donations.

There are also a variety of online markets that trade in everything from illegal substances to high-end, luxury items.

What critics of cryptocurrencies constantly point out is that the anonymity of transactions is conducive to all types of gray economy, including the payment for goods and services in classic crime.

It is known from the start that 21 million Bitcoins have been prepared globally, of which a little more than 18 million have been “mined” so far, while the remaining 3 million are still waiting for miners around the world to dig them up and assemble them into Bitcoins.

One pizza was worth 10.000 Bitcoins!

The first commercial transaction was recorded in 2010, when a certain Laszlo bought two pizzas in the American pizzeria chain “Papa Yon”, paying for them with 10,000 Bitcoins(which would be worth 400 million dollars today).

Shortly after that, the price of Bitcoin began to rise, so at the beginning of 2011, one Bitcoin was worth 30 American cents, and at the end of that year, it was priced at around 5.5 dollars for Bitcoin, which was considered a real miracle at the time.

At the beginning of 2013, the price started at 13.3 dollars and since then it has grown until September 2017, reaching 4,950. Then, the price fell and fell throughout October 2017. The reason was the cancellation of transactions in China.

After that, the price started to increase again, to reach 20000 dollars in December 2017.

The price continued to rise until December, when a record of almost 20,000 dollars for one Bitcoin was set. After that peak, there was a drastic decline that lasted practically throughout 2019 and in the first few months of 2020.

In that period, the price of Bitcoin fell below $3,500, but the pandemic and the growing acceptance of cryptocurrencies with the announcement of their introduction in official cash flows, re-launched the price of Bitcoin, which yesterday exceeded 40 thousand dollars per piece.

The price of Bitcoin was negatively affected by thefts and hacks of cryptocurrency exchange, so during the first six months of 2018, theft of cryptocurrencies worth 761 million dollars was reported, which shook the image of impeccable security of Bitcoin transactions, but these incidents did not significantly slow down development.

As a phenomenon that is still new and not very easy to understand, the division over the use and application of cryptocurrencies is still very present.

On the one hand, critics claim that cryptocurrencies are a scam and that the bubble will one day burst, while on the other hand, some experts who follow this market, a couple of years ago claimed that the price of one Bitcoin will soon be around half a million dollars.

These statements were initially listed in the “conspiracy theories” section, but at the moment they do not seem impossible…

What Is Bitcoin BlockChain?

Blockchain has only existed for ten years and has started to expand. You can do so much with it that most people don’t really know how to put it in simple words.

Blockchain makes commerce better and reliable. Depending on your goals, you can give them one application or another. One of them turns out to be Bitcoin blockchain, the coin that’s changing the crypto world.

Although Bitcoin wouldn’t exist without Blockchain, most people never hear it unless they research. They hear it on the news and online media(like BitcoinTellAll.com for example), and how Bitcoin is going off the charts.

But Bitcoin isn’t a trading trend. It bases on real advancements with true market value. If we know how blockchain works, it can help us understand what Bitcoin how it will do in the future. Because blockchain is here to stay.

Why Is Blockchain Valuable?

International commerce would be inefficient without institutions. Without banks, there would be a lot of friction with the transfer. Why should we trust each other?

Instead, we rely on an institution to make secure transfers. It adds other privileges, such as buyer-seller protection, money lending, and interest.

But you still need to trust your bank and pay fees for their brokerage service.

Blockchain creates secure transactions, so we won’t need anybody in the middle to monitor. Apart from making transfer cheaper, it prevents banking and accounting fraud.

What Is A Bitcoin BlockChain

1. You buy or sell something online.

2. A computer network verifies it. Each transaction is sequential and comes with data to identify the previous transaction. If they don’t match, they cancel the transfer.

3. Block-chaining. A transaction block has three parts: the previous block signature, your transaction data, and your one-time signature. If the last-block signature matches, they approve it and chain your transaction block.

Mind that the verification steps become more secure as more people use blockchain. For further security, each block has 10-30 minutes to verify before it cancels.

A Blockchain transaction can take ten to thirty minutes to complete. But once it does, nothing will undo it.

What BlockChain Has To Do With Bitcoin

With Blockchain, buyers and sellers can trade with confidence. Because of how it’s built, you only need the block identity.

Blockchain is public, but could be anonymous? That’s what makes a bitcoin blockchain different.

Since it’s designed to be unhackable, there’s no harm in making transactions untraceable.

Bitcoin encrypts the data to protect it, but it’s relative to the number of validations you get. Does it matter if you get ten checks, six, three…zero?

“Imagine you want to buy Bitcoin for $3000 cash with a peer. How do you coordinate to protect the payment?

The trader will send $3000 in BTC to your crypto-wallet, and computers start to verify it:

  • 0 checks. No security unless you trust the person.
  • 3 checks. Verified for most cases (+75%)
  • 6 checks. Highly secure (+90%)
  • Up to 30 checks. Maximum (~99%)

The more validations, the safer. After six, you can pay the other person.”

Blockchain has many applications. What we see with Bitcoin today is a demonstration of how powerful it can be — which only leaves us wondering what will be the next big thing.

Editor’s note: This article was written by a guest author from allthingsdefi.io. Visit their site to learn more about decentralized finance and cryptocurrency in general.

Fighting Fraud in the Bitcoin Industry

With Crypto-Fraud on the rise, Tech View OU and Yotam Namir and Robert Provorovas company directors taken a more proactive approach in designing the process flow of its exchange platform, CoinTandem.

System developers and digital entrepreneurs are continually required to think ahead and imagine their built system’s intended use-cases and its misuse or abuse cases. The duo of Yotam Namir and Robert Provorov of Tech View OU is leading the charge in the fight against crypto-fraud in the Bitcoin industry with the development and integration of fraud mitigation systems on their Bitcoin exchange platform, CoinTandem.

CoinTandem is a digital block chain service that is revolutionizing the digital currency exchange platform process. The platform uses propriety algorithms and combines advanced payment processing with state-of-the-art fraud prevention technology to offer a safe and secure platform for all.

The Problem

Compared to the fiat currency, digital currency offers a highly unique set of security challenges. The sheer volume of the market, the anonymity of transactions, and the fact that it is instantly transferable and that transfers cannot be reversed attract lots of fraudsters to the industry like bees to honey.

Fraud schemes prevalent in the industry include identity theft, wallet hijacking, exchange scams, fake ICOs, Bitcoin Ponzis, etc. Although not all of these fraud schemes fall under the exchange platform’s mitigating purview, exchange platforms are constantly revolving their audit risk procedures to capture as many risks as possible.

Like canaries in a coal mine, exchange platforms are the usual targets for bad actors looking to breach the bitcoin ecosystem. To protect customers, exchange platforms like CoinTandem have developed propriety systems and are continually updating such systems to protect against various risks.

The CoinTandem Response

CoinTandem has developed a fraud-prevention system that loops both human and machine learning efforts to stop fraud. The propriety systems effectively utilize machine learning as one piece of the puzzle to prioritize risky users to watch more closely and a strict user onboarding process that mitigates the risk of identity theft.

But it doesn’t end there.

Some of the other procedures that push the zero-tolerance on fraud agenda of CoinTandem include an enhanced KYC protocol that is activated at the close of an exchange. What happens is, before an exchange is completed, the client is required to re-confirm by electronic signature his submitted crypto wallet and send BTC to the requested address.

In card transactions, OTP technology is activated for every buy transaction to ensure that only the owners of cards or due representatives are making purchases with such cards. Also, prior to a credit card purchase attempt, and in addition to the T&C, a Pop-Up disclaimer with a short and clear message asks the client to confirm that a 3rd party does not instruct him and that he is the sole owner of the wallet he has submitted on our website. The essence is to prevent Ponzi related bitcoin scams.

Some of the security features of the CoinTandem Platform include:

  • 2 – Factor authentication.
  • Robust real-time user verification.
  • Advanced platform with propriety algorithms and technology-driven fraud prevention systems.
  • Full KYC procedure in place to mitigate identity theft.
  • Full encryption of transaction to mitigate hijacking.

CoinTandem, a Tech View OU company is regulated by the Financial Intelligence Unit (“FIU”) in Estonia and licensed to “Providing a virtual currency service”(license number: FVT000205)
https://lp.cointandem.com/

From the Beginning to the Present: A Brief History of Bitcoin

Most people have heard of Bitcoin so far, probably because it reached the mainstream media two years ago. Since then, Bitcoin has been a very frequently discussed topic around the world, especially in online conversations where those who are willing to learn more about cryptocurrencies and the crypto scene appear.

Who is the founder?

Bitcoin began its journey more than a decade ago, in October 2008, when its creator Satoshi Nakamoto published the manifesto “Bitcoin: A Peer-To-Peer Electronic Cash System”. In that work, Nakamoto, whose identity remains a mystery to this day, sets out plans for how Bitcoin’s blockchain network(a chain of blocks as digital information) will function, and that moment is practically the very beginning of a climb all the way to the top.

First Bitcoin payment

In January of the following year, Nakamoto translates what he promised in the manifesto. He did this by excavating/mining the first block(which means that he mathematically processed the data from the first block in a chain array of blocks, ie blockchain), which became known as the genesis block. Only a year later, in May 2009, Bitcoin network user Laslo Hanjec paid 10,000 BTC(Bitcoin, digital coins) for two drinks, which went down in history as the first purchase made with a script currency.

The emergence of other cryptocurrencies

In the period between 2011 and 2013, the Bitcoin network is growing more and more, and at one point its value is equal to the US dollar. This period also represents the time when the first cryptocurrency rivals, Litecoin and Ripple, appeared, which were weak competitors.

Somewhere around 10 digital currencies can soon be found on the scene, and that number has multiplied hundreds of times since then. However, Bitcoin still remains the dominant cryptocurrency, which is reflected in the fact that one lesser-known “wallet” for cryptocurrencies is used by as many as two million people in at least 40 countries around the world.

The further path of Bitcoin

In 2014, the value of Bitcoin dropped dramatically – by over 50%. This was one of the biggest blows to the young cryptocurrency market and crypto scene and it took about two years for the price to recover. The decline in value was largely due to the enormous theft-hacking of cryptocurrency exchange offices, and such attacks still pose a great threat to many of them.

Bitcoin also has competition

Since 2016, work began on the network of Ethereum, the main rival of Bitcoin, which is responsible for the invention of the so-called “smart contracts“. Also, we experienced 2017 when the spotlights of big media houses lit up the crypto scene thanks to the rise in the value of Bitcoin, where at one point it was sold for about $20,000, and along the way probably over 6000, 7000 digital currencies were created(no one knows the exact number, many of them are inactive projects).

Institutions towards Bitcoin

Bitcoin and the blockchain technology behind it have also managed to leave an impression on other areas, where many industries and business models now recognize the benefits that this technology brings.

Bitcoin and blockchain gambling are developing rapidly, becoming more popular and managing to provide advantages that other payment methods, systems and platforms of different characters, value transfers and information simply cannot.

Also, there has been some progress in the banking and finance sector, as P2P(peer to peer) networks for loans have emerged, as well as real solutions to some of the banking problems that are also attracting more and more interest. Bitcoin started its adventure a little over a decade ago, but just have started.

How to Convert Cash into Bitcoin

Nowadays, as our world is becoming more digital than ever, digital currencies become part of the new norm. Digital currencies are made safe and secured using cryptography, a process of using series of letters and numbers to create a unique encryption algorithm.

This is how the commonly heard term “cryptocurrency” came to be. There are many cryptocurrencies available in the market today. The first cryptocurrency created us Bitcoin, which ushered the widespread success of digital currencies observed in the recent years. It also remains the largest digital currency available in the market.

Bitcoin is purely in the digital or virtual form, which means that it does not exist as the printed paper currency or coins as fiat currency does. It is also not issued by a centralized authority or controlled by the government or by anyone.

Rather, it operates through the technology known as blockchain, which uses a secured public database to store, for instance, the time and amount spent of your online transaction and verifies these transactions through a network of computers. In the words of its creator, Satoshi Nakamoto, Bitcoin is “a new electronic cash system that’s fully peer-to-peer, with no trusted third party.”

How then, does one convert his cash into Bitcoin and start using and investing in the new norm of digital currencies? Converting your cash into Bitcoin is equivalent to buying Bitcoin and the following are steps that may be helpful to you.

Steps to buy some Bitcoin

First, go to Buy Bitcoin Finder site. This site will help you find the sites where you can buy Bitcoin, depending on your location, so you can conveniently buy Bitcoin anywhere you are in the world.

At the site’s homepage, choose your location. The currently available options are: Australia, Cameroon, Canada, Cayman Islands, France, Germany, Hong Kong, India, Ireland, Israel, Lebanon, Malta, New Zealand, Nigeria, Singapore, South Africa, Sweden, Switzerland, United Kingdom, United States, and Vietnam.

Upon selecting your location, you will see the profiles of various sites through which you can buy Bitcoin. Each profile contains the site’s description, overall rating, the pros and cons, payment methods available, rating based on ease of use, privacy, fees, and reputation.

Once you have selected your preferred site, click the “Buy Bitcoin” button. This will lead you to the page of your selected site. These sites will require you to create your own account.

Creating account in these sites are free and very easy to do, you just have to provide the necessary details and verify your account. Now, you will have your own e-wallet which you can start funding in order to buy Bitcoins. Typically, funding your e-wallet can be done using bank transfers, bank wires, debit cards, credit cards, and cash through authorized funding stores and machines.

Truly, turning your cash into Bitcoins is very easy to do during this digital age as every step can be done online. Ultimately, remember that the value of your converted Bitcoins will also depend on the value of the currency of your cash and various transaction fees that apply.

How Much Is The Bitcoin Worth?

On February 12th, Bitcoin is worth $10,300. It’s the second-highest value reached in the last twelve months.

Of course, the value will keep changing. For investors, one number isn’t practical enough to make decisions. Anytime soon, the biggest cryptocurrency could either crash or surge.

Bitcoin may have crossed five figures today. The offer and demand have set this price. However, that doesn’t show the actual value of the currency.

How much is Bitcoin worth as a whole? What explains this consistent value increase? Have we reached its real price, or it’s inflated? Is it a bubble?

How Much Is Bitcoin Worth?

It doesn’t matter how prices change. The market changes are only activity trying to “perceive” how much Bitcoin is worth. Most of the time, it will either be underpriced or inflated. It’s the investor’s psychology.

But the perception has nothing to do with reality. Once you know the real value of Bitcoin, you can predict how much it will grow and prepare accordingly.

What makes something “valuable”? Why does Bitcoin even exist? And why is it different from other altcoins?

Why Bitcoin Is Worth Over $10K Today

For years, we’ve heard stories of successful investors who got the right timing. The problem is, you lose more often than you win.

But do we need to predict the market to make profits?

You’re in luck. Passive investors make the most with Bitcoin. You don’t need to watch the news every day, study graphs, and think fifty steps ahead of everyone else. All you need to do is understanding what moves the needle.

Bitcoin has grown since 2011 because it’s valuable and nothing else:

-Protection against inflation

-Exchange-rate risk protection

-Ease of use

Not only it solves problems, but it’s also different from other altcoins. Bitcoin has expanded exponentially as technology made transactions more reliable.

Because of it, Bitcoin is the less volatile crypto-currency in the market. Although new coins come up every day, not many have a decade of history. From 2011 to 2020, we’ve already seen most of the Bitcoin price patterns, so we know better what to expect.

Bitcoin Price VS Value

When it comes to value, Bitcoin has gone up consistently. The biggest price changes happened because of market expansion.

If you see a steep price increase, it could mean many people joined the market recently. After they heard of this crypto-world, they bought some bitcoins and increased the demand.

But what if the price goes down very quickly? Remember, people want to buy low and sell high, also to stay in the market as little time as possible. After all, you’re risking your money.

If the majority bought when the price was low, they would sell right when Bitcoin surges. It’s ironic how the crypto volatility makes investors impatient, causing spikes like in 2018.

Overall, Bitcoin has a splendid future. There are many reasons why it can still go in value: security, government regulations, and popularity.

No matter how prices change, you can make money if you know how to approach this market.

You should diversify your investments, so you capture more opportunities while reducing risk. Depending on your personality and goals, you can make your asset allocation more aggressive or defensive.

For bigger amounts, always work with a professional. The right investor will guide you to make better decisions.

The Best Bitcoin Games

Bitcoin games involve everything from the casual games to casino favorites. They are the games similar to those in the standard casinos in matters of rules, though they are often played differently. There are those Bitcoin games, which have skill elements, while there are those which are down to luck.

Bitcoin games usually are slightly quirky, which becomes a significant factor when it comes to their popularity. Although standard casino games sometimes seem conformist and controlled, with Bitcoin games, they’re designed with end-users, which means the excitement levels are much higher. Here are some of the Bitcoin games.

Bitcoin Alien Run

This is the Mario style scrolling comfort game where the players join come together with Daniel D’Alien, who is the on the exciting adventure which rewards good play using bitcoins. 0.0002 BTC is the minimum payouts and is being paid every Tuesday. The missions change to keep the users keep running, and the being rewards are earned once the game is completed. You can find Bitcoin Alien Run for Android and iOS users for free just by downloading it.

Rocketpot.io

Rocketpot is among the best bitcoin games that has numerous crash games on the market. Its friendly atmospheres, eGaming license, and professional design make it the winner. The players take part in three additional jackpots, mainly mini, mega, and significant for the higher BTC wins. The registration process is easy, and the users take advantage of total anonymity.

Spark Profit

Spark Profit is the trading simulator which costs which rewards the top investors with bitcoin. If the trading predictions are better, the rewards will be more significant. Over $60,000 has been paid to users in more than 100 countries by this game. This means no barrier to anyone who wants to participate. You can download Spark Profit from the Apple App Store or Google Play without any cost. The business model of the company works through taking predictions from the top players. The game is proving the win-win for the provider and the customers.

Satoshi Quiz

This is the game which rewards the players once they answer correctly the quiz questions. To join the game is free where you can start to draw the questions from different topics and categories. Correct answers can earn you about 1,000 satoshis, and this depends on the tiered level system. The first three players will get the prizes, and they are the ones who answer those questions correctly. The prizes are being awarded either daily, weekly, or even monthly with a minimum of about 11,000 satoshis.

Bitcoin Flip

This is the bitcoin game that teaches the users ways of investing in crypto. It doesn’t reward the users because of making first predictions but allows one to save the money intricacies are well understood and what is a lucrative pastime. The currencies being offered are ETH, and XML, among others. Bitcoin Flip enables the users to test the strategies without any risk, which is an excellent tool. Once it is ready, you will go to the real thing.