Cryptocurrency Essays


Bitcoin Essay

  The finance world is finally abuzz with news of bitcoin and other cryptocurrency. What are cryptocurrencies, and what do potential investor need to know about them? This bitcoin essay offers a brief background of bitcoin and other cryptocurrencies, also referring to the blockchain software that underlies them. Then, it explores what financial analysts say Continue Reading... Continue Reading...

Which Is Better Paper or Electronic Currency?

to see how much you are spending and what you are spending it on. As for electronic currencies like cryptocurrency, I am not much of a fan. The cryptocurrencies are far too volatile and speculative in nature. People justify purchasing them because they fear the impact of central banks on fiat money (paper money), which is clearly losing its value quite rapidly (housing, rent, food, health, and education costs are all up substantially since the Fed unleashed its quantitative easing program following the 2008 economic crisis). If we are talking about money as a store of value (Davies, 2004), I… Continue Reading...

Dark Net Essay

scam is when dark web administrators stop allowing people to withdraw funds and then take all of the cryptocurrency for their own use.  Being flipped from a user to a victim is always a risk in criminal activity, and the frenzy surrounding nucleus suddenly becoming unresponsive highlights that this possibility exists even in the realm of cybercrime. AlphaBay Market was another famous dark net marketplace.  It operated on the Tor network and rapidly expanded to about ten times the size as Silk Road.  It was used for a variety of types of illegal transactions, but was probably best known… Continue Reading...

Bitcoin Essay

The finance world is finally abuzz with news of bitcoin and other cryptocurrency. What are cryptocurrencies, and what do potential investor need to know about them? This bitcoin essay offers a brief background of bitcoin and other cryptocurrencies, also referring to the blockchain software that underlies them. Then, this bitcoin essay explores what financial analysts say about the viability of bitcoin as an investment. Finally, this essay will how and why people purchase bitcoin, as well as how bitcoin can be used as both currency or as investment. Because they are taking the financial… Continue Reading...

Dark Web, Darknet, Deep Web Essay

when dark web administrators stop allowing people to withdraw funds and then take all of the cryptocurrency for their own use.  Being flipped from a user to a victim is always a risk in criminal activity, and the frenzy surrounding nucleus suddenly becoming unresponsive highlights that this possibility exists even in the realm of cybercrime. AlphaBay Market was another famous dark net marketplace.  It operated on the Tor network and rapidly expanded to about ten times the size as Silk Road.  It was used for a variety of types of illegal transactions, but was probably best known for trafficking… Continue Reading...

Cryptocurrency

cryptocurrency A cryptocurrency is a medium of exchange (currency) that is digital in form, non-governmental, and relies on cryptography for its security (Investopedia, 2018). It is the latter component of the definition that gives cryptocurrency its name. The vast majority of currency in the world comes in the form of exchangeable units that are issued and have their value controlled by governments. Nations will either allow their currency to float freely on the market, where the value derives in part from supply and… Continue Reading...

Banking and Blockchain Technology

soaring up as high as $19,511 or more, before plummeting to $6,750 in mid-April of this year. “The cryptocurrency has fallen more than 65 percent since peaking in December at $19,511. Bitcoin rose 2.2 percent to $6,750 on Monday” (Wolf, 2018). So many people are interested in replicating the success of bitcoin during its meteoric and fast rise, that other digital currencies have been created. Furthermore, many companies have become accepting digital currency, with the most popular option being bitcoin. Some companies that accept bitcoin are Expedia, Microsoft, and Overstock (Heston, 2018(. Other digital currency competitors to bitcoin are… Continue Reading...

Blockchain

types of friction, especially in business (Marr, 2018). Over the past couple of years, blockchain has been unpacked from cryptocurrency and a wealth of applications using the technology are in development. Many observers predict that blockchain technology will revolutionize a wide range of businesses (Marr, 2018). What is Blockchain? The heart of blockchain is the concept of the distributed ledger. The original idea behind Bitcoin was to develop a peer-to-peer currency, in the sense that a store of value and unit of exchange could be created without the intermediary of a central bank. The value of this currency would… Continue Reading...

Trading Strategy Of Cryptocurrencies

to formulate trading strategies. However, Qunitero (2018) notes that there is more than one cluster in the cryptocurrency space—in fact, there are numerous ones. Identifying them and understanding the relationship among assets is critical to devising a successful trading strategy. Identifying clusters as part of developing a trading strategy for cryptocurrencies could help make the space far more viable for investors and speculators alike. “There do seem to exist natural clusters of coins that move in tandem,” Quintero (2018) states—which means more cryptocurrency samples need to be examined in order to clarify the seeming relationships. 2. Method and Results… Continue Reading...

Communism in Latin America

the U.S’s economic sanctions to still conduct business globally. Venezuela for its part has established a cryptocurrency backed by oil, which it hopes will help it to get a handle on its inflation problem. The U.S. does not like this idea—instead it would prefer new leaders who are more committed to using old methods of control to rein its people in. New Changes Brazil has seemingly gotten this message and elected Jair Bolsonaro—the Trump-like leader who was backed by Trump advisor Steve Bannon—to the presidency: Brazilians threw their support behind Bolsonaro in the face of widespread corruption in the… Continue Reading...