Sentences with phrase «digital means of exchange»

Cryptocurrencies are digital means of exchange which are created by the solution of complex Mathematical problems, and which are used to effect peer - to - peer transactions without the control of a centralised government agency.

Not exact matches

The app is marketed as a digital wallet that would allow users to store cryptocurrencies independently of an exchange, meaning users can access their money if things go wrong at the exchange.

Still, Demirors thinks the survey data underestimates the actual number of women who invest in Bitcoin; after all, the blockchain technology behind Bitcoin keeps users pseudonymous, meaning the names and genders of investors are hidden (other than to the operators of certain digital currency exchanges).

These coins mimic the construction of bitcoin, meaning they can be freely traded on digital exchanges and have no central bank standing behind them.

This doesn't mean, of course, that everyone will heed the rule, especially as an IRS investigation revealed that only 802 customers of Coinbase, a popular digital currency exchange, filed a 8949 form related to Bitcoin - related activity in 2015.

Bitcoin got an unexpected endorsement this week - federal authorities signaled they view the digital currency as a legal means of exchange and legitimate payment alternative.

««Virtual currencies» means a digital representation of value that is neither issued by a central bank or a public authority, not attached to a legally established currency, which does not possess the legal status of currency or money, but is accepted by natural or legal persons as a means of exchange or for other purposes, and can be transferred, stored or traded electronically.

The Bank of Israel and the ministry stress that digital currencies are not legal tender, nor are they issued or backed by a central bank, which means there is not legal requirement for anyone to accept or exchange them.

Cryptocurrencies are decentralized digital currencies designed to work as a means of exchange.

In addition to using Kraken for leveraged margin trading and exchange between 11 digital assets and 5 national currencies worldwide, the acquisition means that clients will soon be able to experience direct one - click buying and selling of bitcoin and other digital assets via convenient payments like ACH transfers.

As Ari Paul says, you may not be able to optimize a cryptocurrency both for the unseizable store of value «digital gold» use case and the low fee means - of - exchange proposition.

As used herein, «Digital Currency» means a digital asset (also called a «cryptocurrency,» «virtual currency»), such as, but not limited, bitcoin or ether, which is based on a cryptographic protocol (s) of an electronic system that may be (i) centralized or decentralized, (ii) proprietary or open - source, and (iii) used as a medium of exchange and / or store ofDigital Currency» means a digital asset (also called a «cryptocurrency,» «virtual currency»), such as, but not limited, bitcoin or ether, which is based on a cryptographic protocol (s) of an electronic system that may be (i) centralized or decentralized, (ii) proprietary or open - source, and (iii) used as a medium of exchange and / or store ofdigital asset (also called a «cryptocurrency,» «virtual currency»), such as, but not limited, bitcoin or ether, which is based on a cryptographic protocol (s) of an electronic system that may be (i) centralized or decentralized, (ii) proprietary or open - source, and (iii) used as a medium of exchange and / or store of value.

Unless you live in a cave, you know that cryptocurrencies are a digital means of monetary exchange that are secured by encryption, with no physical representation of the «money.»

WebMoney is an electronic means of exchange as well as a digital wallet, which was originally developed in Russia by WM Transfer Ltd in 1998.

The exchange of the Work for other copyrighted works by means of digital file - sharing or otherwise shall not be considered to be intended for or directed toward commercial advantage or private monetary compensation, provided there is no payment of any monetary compensation in connection with the exchange of copyrighted works.

The exchange of the Work for other copyrighted works by means of digital file - sharing or...

As part of growing its platform, Everex is launching its initial coin offering (ICO), meant to crowdfund capital in exchange for digital tokens, wherein early adopters can get gains from better pricing on its cryptocurrency upon launch..

It is also a U.S. based digital asset exchange, meaning its compliant with a slew of regulations.

Once implemented, it is expected the ban will prevent the advertising of initial coin offerings (ICOs), a controversial means of raising funds in which early investors provide money to a startup in exchange for digital tokens with the promise that if the company succeeds, the tokens will skyrocket in value.

Despite high demand, Bitfinex sought to distance itself from the idea that Ethereum would perhaps become a tradeable digital asset that would rival bitcoin, in part, due to the fact that the exchange recognizes it's not meant to act as a store of value.

Although digital assets have recovered from the China - induced flash crash of September, favorable regulations on the mainland could mean big business for bitcoin exchanges.

During that time, $ 1.7 billion in digital assets has been stolen, which means that a staggering 40 percent has been lost in 2018 alone — the lion's share of which came out of cryptocurrency exchange BitGrail's and Japanese exchange Coincheck's coffers.

That means companies like Coinbase or Gemini, which serve as marketplaces and exchanges for virtual currencies, and advertisers promoting an ICO or encouraging the purchase of a particular cryptocurrency, are effectively shut out of 70 percent of the world's digital ad market.

You will still be able to use it as a store of wealth, sell it for local currency — or other digital currencies — based on the relevant exchange rate (s), send it to other Bitcoin wallets, and use it as a means of payment all around the world.

Here is the bright side though: A ban on crypto exchanges won't mean the end of digital currency trading.

Wanchain's involvement in the project also means that theoretically, an enormous variety of digital assets (as well as cryptocurrencies) will be available to trade on the exchange, potentially transforming the way cryptocurrency exchanges currently function.

China has very openly outlawed digital asset exchanges and Initial Coin Offerings, shut down all means of online connectivity to foreign trading platforms and moreover in a shocking move, cut off the power supply to Bitcoin miners.

More comprehensive definitions have been attempted by the EBA in 2014 (European Banking Association) and the Banca d'Italia, which both define Bitcoin as «a digital representation of value that is neither issued by a central bank or public authority nor necessarily attached to a fiat currency, but is used by natural or legal persons as a means of exchange and can be transferred, stored or traded electronically».

«Because of its innovative features as a digital asset, bitcoin has gained wide acceptance as a secure means of exchange in the commercial marketplace and has generated significant interest among investors,» Concannon wrote.

The U.S. Securities and Exchange Commission (SEC) has indicated that it will adopt the view of digital assets as securities, which means they'll be restricted to trading on SEC - approved markets.