Sentences with phrase «digital cryptocurrency using»

A digital cryptocurrency using peer - to - peer technology for nearly instant payments.

Not exact matches

Meanwhile, hackers used a different method of attack last weekend to steal $ 400,000 worth of the cryptocurrency Lumens, used on the Stellar digital payment system, from an online wallet service called BlackWallet.

The more than 100 - year - old company said it used blockchain to create a new platform for digital photography with its own cryptocurrency, called KodakCoin.

That discouraged people from using the cryptocurrency and led some businesses, including Steam, the popular digital distribution service for games, to stop accepting Bitcoin.

They will be aiming to use blockchains, a technology that made its name as the basis of the cryptocurrency Bitcoin, to maintain secure digital records and improve the traceability of their foodstuffs, like chicken, chocolate, and bananas.

The report also warned that if digital coins become a widely used form of currency, investors shouldn't expect the astronomical returns that have recently drawn unprecedented attention to the world of cryptocurrencies.

The most obvious way migrants could use blockchain technology to securely store money while traveling would be to convert cash into digital currency, but Soros dismissed the value of cryptocurrency, making clear he believed its primary appeal was «for tax evasion» and «the rulers of dictatorships.»

Blockchain, a digital ledger of transactions, underpins cryptocurrencies in general and can be used to track, record, and transfer assets across all industries.

Banks are less keen to use the firm's digital currency XRP, but earlier this year two money transfer firms, MoneyGram and Western Union, announced projects involving the cryptocurrency.

As a result, a transaction such as trading bitcoin for another digital coin is taxable since it is considered a sale of property for cash, which is then used to buy the other cryptocurrency.

At a CNBC / Institutional Investor Delivering Alpha conference, Dimon argued that governments will eventually crack down on digital currencies because cryptocurrency is being used for illicit purposes.

It also operates Antpool, a cryptocurrency «mining pool» that generates digital coins using the pooled resources of a number of different miners.

Whether that assertion proves correct with respect to any digital asset that is labeled as a cryptocurrency will depend on the characteristics and use of that particular asset.

The cryptocurrency can be used to add money to a Microsoft account in order to buy apps, games and other digital content from its various online stores, Microsoft said on a help page detailing how to use Bitcoin.

Israelis would use mobile phones to interface with their cryptocurrency wallets, and the digital asset's unit value would be equivalent to that of the country's fiat money, the shekel.

The RBI's decision could deal a death blow to India - based exchanges that facilitate trade in cryptocurrencies such as bitcoin and ethereum as people won't be able to use money in their bank accounts or digital wallets to buy or sell these virtual assets.

The bank official described state - issued cryptocurrency as another possible solution to this problem, opining that, «Central banks around the world are examining (the use of digital currencies) so we should as well.»

Your data is the cryptocurrency of the digital economy; you have no idea how it is being used to sell you stuff, intentionally, by a tech company — or used against you by being stolen.

Some analysts think bitcoin will retain a premium as a security, like gold, in the digital world, while other cryptocurrencies are used for commerce.

For advocates of bitcoin and the other cryptocurrencies surging in value, the gold may be in the shares of the companies that produce the computer processors and chips used to create the digital currencies in the process that's become known as mining.

NEW YORK (Reuters)- Fidelity Investments has started allowing clients to use its website to view their holdings of bitcoin and other cryptocurrencies held through digital wallet provider Coinbase, the company said on Wednesday.

Additionally, new blockchain - based technologies like Internet of Coins» «Hybrid Asset» pose a threat to authoritative identity verification, by building protocols that would allow individuals the ability to store and swap digital assets (including cryptocurrencies) peer - to - peer without the use of exchanges.

In five years, every single person will be using some form of digital currency or cryptocurrency, and everyone will be utilizing blockchain.

The memo explained that all cryptocurrency purchases had been stopped as of March 28, and that users would no longer be allowed to use credit or debit cards — either business or personal — to purchase digital currencies on popular exchanges.

Basis is not the only company working to develop a stable cryptocurrency for individuals and institutions looking to use digital currency as easily as they do fiat currencies.

It traces its roots to bitcoin, the digital «cryptocurrency» created in a 2009 white paper written by an unknown author (s) using the pseudonym Satoshi Nakamoto.

Instead of re-creating a «cryptocurrency», or «token» using blockchain technology, Aramco creates digital shares of a pre-fixed amount of crude oil, reserved by the company.

A cryptocurrency wallet is used to store a user's transaction story in further to promulgation and receiving digital currencies.

The word «crypto» in the phrase «cryptocurrency» is used because every single transaction involving digital currencies is completely encrypted for security purposes; this process is known as cryptography.

ADA calls itself the first third - generation cryptocurrency and aims to tackle scaling and infrastructure problems that first cropped up in bitcoin, a first - generation cryptocurrency that introduced the idea of digital coins, and ethereum, a second - generation cryptocurrency that expanded use cases for coins to smart contracts.

Preston: [00:17:56] So what's so interesting here is that on one side we have Silicon Valley working at a rapid pace to create this new digital cryptocurrency and we also have governments and global authorities looking into the implications of using the similar technology whether it's the IMF or other central banks around the world that are that are talking about using some form of crypto to back their monetary baseline.

For most cryptocurrency use cases, mass user adoption is still years off: «Less than 10 million people «use» crypto today, and aside from use as «digital gold» or «payment rail», other use cases won't have meaningful traction for 18 + months at fastest.»

Implement a digital currency, a token and cryptocurrency, that can be used widely in various games and other applications.

Using cryptocurrency, is also extremely safer than real currency, as cryptocurrency, is 100 percent digital, so it eliminates the risks of being stolen in robberies or other relating crime that occurs in these countries.

Those in favour of bitcoin and other cryptocurrencies claim that the digital currency has an intrinsic value associated with its technology, which will eventually be used in a wide range of applications in the financial - services industry.

Cryptocurrencies are digital in nature, so investors see the opportunity in using these as speculative investments for the future.

Since VISA's choice to droop all Bitcoin pay as you go debit and digital playing cards within the EU, residents of Europe and lots of different nations have had no possibility to make use of cryptocurrency playing cards for withdrawals and POS funds.

After the boom and bust and boom of bitcoin, the next hot topic in the world of cryptocurrency is initial coin offerings (ICOs), an innovative form of crowdfunding that uses digital currencies as the investing mechanism for startups to raise capital.

Premier David Burt said: «The Binance Group is the world's largest cryptocurrency exchange and an international leader in digital exchange development and fintech, with a market capitalization of US$ 1.3 B. Through the Binance Charity Foundation, the Group is committed to improving education, creating awareness in the development through the use of blockchain technology.

The cryptocurrency industry is unfolding very fast and the use of digital currency is becoming very obvious for many businesses.

If you do decide to start accepting cryptocurrencies after weighing the pros and cons, you can easily get started by using digital wallets like Due and Coinbase.

Using its «Great Firewall,» the Chinese government may soon block websites belonging to international cryptocurrency exchanges and digital currency projects.

The cryptocurrency can be bought on a digital currency exchange and used through a digital wallet.

Exchange: A cryptocurrency exchange is an online platform or digital marketplace where traders can buy and sell cryptocurrencies using different forms of fiat currency or other altcoins.

When a cryptocurrency wallet is mentioned it is usually a digital wallet or hardware wallet that is using to store cryptocurrency, sending and receiving various cryptocurrencies.

Blockchain rose to fame as the underlying system behind Bitcoin and other digital cryptocurrencies, but Blockchain has many potential uses that extend far beyond digital money.

Although the regulation does not directly name any cryptocurrency, the valuation of bitcoin, the most common digital currency used in an ICO, fell in response to the news.

Blockchain provides digital wallets for people to store their cryptocurrencies in and over 24 million around the world use Blockchain's wallets.

China's central bank has instructed the country's financial institutions to cease providing cryptocurrency services, including the prevention and suspension of payment channels used for digital currency settlements.

As part of the customer loyalty program, ZiftrPAY merchants will receive free ZiftrCOIN digital coupons to incentivize their customers to use cryptocurrency.