anada-based bitcoin exchange Cointrader announced earlier this week that it was shutting down following what it claimed was a debilitating hack. According to a notice posted to the service’s website, the exchange has “closed its doors effective immediately”. Unconfirmed emails sent to users and shared on social media claim that an internal audit showed “a […]Read more Cryptocurrency Exchange Cointrader Shuts Down
For some the year to remember was 2009 when a concept circulated the cryptography communities. Bitcoin was being talked about after a still-mysterious person or group known only as Satoshi Nakamoto. Its purpose was to be the first cryptocurrency, completely decentralized, a new concept, a digital currency. It was to exploit strong encryption algorithms in a way never used before to secure transactions made by the network. Claims were said that the currency would be anonymous and users shielded by pseudonyms. For some communities, the idea was swept aside as nothing more than nonsense; after all, we were talking about a currency within the virtual realm. For others, however, this was a topic that spread like wildfire. It was a chance to be onboard the forefront of a new technology with hopes it would work the way it was intended to. When bitcoin hit its peak in 2013, many millionaires had already been born after hoarding the coins they mined or purchased when bitcoin launched. It has been proving that the once speculated currency could, in fact, be accepted, gain value and be useful all while keeping transactions anonymous and secure. A new era is still to come as the bitcoin will cap at 21 million circulated coins. New cryptocurrencies will surface; some with new technology like the lite coin and others nothing more than copies of bitcoin. Within this course, you will learn the basics of cryptocurrencies, how cryptocurrencies are mined, where to buy & sell cryptocurrency, mining cryptocurrencies with cloud and where the future lies.