Sentences with phrase «dollar value of the cryptocurrency»

In these cases, the dollar value of the cryptocurrency is based on the digital currency's market value at the date of payment.

It should be noted that in 2013, bitcoin was up roughly 5,300 % as the dollar value of the cryptocurrency rose from $ 13.59 to $ 731, after peaking at more than $ 1,150 in December 2013.

Not exact matches

The value of the cryptocurrency bitcoin is melting down Thursday, having dropped 20 % against the dollar by midday Eastern Time in only two hours of frantic trading.

The value of cryptocurrencies has fallen across the market against the U.S. dollar after the news of the attack broke out.

Enter Basis, a year - old, 10 - person, Hoboken, N.J. - based cryptocurrency startup at work on a «stable coin» whose elastic supply will ostensibly expand and contract to keep its value at about a dollar instead of all over the map.

Except when looking at the case of BitConnect it was not a question of transferring dollars into «Crystals», but rather a promising cryptocurrency that people were supposed to use to generate value and revenue for themselves.

Some of the most important cryptocurrency buying and selling platforms valued at billions of -LCB- dollars -RCB- resembling Binance, Kucoin, and Huobi have already launched their native tokens that can be utilized to commerce cryptocurrencies and pay charges.

Since trade done using cryptocurrencies means that cryptocurrencies behave as a source of value similar to that of the US Dollar, they are also taxable according to the rule of law just like any other privately owned property is in the US.

Critically, ILP can allow all assets of value — including cryptocurrencies like XRP, existing currencies like the euro or US dollar, and other securities (stocks, bonds, and commodities)-- to be exchanged by people.

But since that time has passed — we are not on a gold standard — essentially this concept of trust where people trust that their dollars have a certain value to them is not that different than a step with regard to these ICOs or cryptocurrencies that develop.

Some who are bullish on the growing number of cryptocurrencies in existence believe they could collectively pass the trillion - dollar mark this year in terms of value.

However, with the prying eyes of uninvited government officials and activities of nefarious elements carting away millions of dollars» worth of crypto - investments, users are beginning to consider privacy - based cryptocurrencies as substitute value.

Bitcoin's gains this year have been impressive, with the dollar value of a bitcoin, as quoted by cryptocurrency exchange CoinDesk, up more than 1,000 percent since the end of 2016, outperforming all other major asset classes.

This drop accompanied the wider market correction that wiped billions of dollars of value from the cryptocurrency market, which has fallen from around $ 829 billion to $ 490 billion in two weeks.

He had also co-founded Tether, which backs cryptocurrency tied to the value of a dollar and whose outstanding tokens are worth about $ 2.1 billion, though the company has generated enormous controversy in the virtual currency world.

In other words, the value of cryptocurrencies as measured in dollars (or other national currencies) is likely to swing wildly up and down throughout 2018.

The CEO of the largest bank in the United States supports a currency that would be centralized and controlled by a state, like the US Dollar, not any other cryptocurrency that has no «real value», as he commented.

Cryptocurrency experts are keeping their fingers crossed about the value of these digital assets in toppling over the trillion - dollar mark in the aftermath of a violent sell - off.

No dollar value for that amount of bitcoin was provided in the lawsuit but according to cryptocurrency exchange CoinDesk, that amount translated to US$ 3.78 million based on an exchange rate of US$ 1,226.94 for a bitcoin on April 19.

But the surge in the value of Bitcoin and other cryptocurrencies, most notably Ethereum, have drawn millions of dollars of investment and an influx of top - level talent, all in the belief that the next generation of multibillion - dollar companies will be born on the blockchain.

Instead of spending, say, U.S. dollars to buy a cryptocurrency whose value is pegged to the U.S. dollar, why not just keep the U.S. dollars in the bank?

Ethereum, which is the second biggest in cryptocurrencies has witnessed a fall of 1.5 percent value against the dollar.

While the value of Tether tokens is pegged to the US dollar, some exchanges do not offer direct USD / USDT pairings, and you will need to use bitcoin or another cryptocurrency to trade for Tether.

Bitcoin previously fell below $ 10,000 less than two weeks ago, when what was dubbed a cryptocurrency «bloodbath «wiped out hundreds of billions of dollars worth of value from cryptocurrencies in a matter of days.

I'm not saying Bitcoin will never be superseded by another cryptocurrency as Bitcoin does indeed have limitations regarding its use of a transactional system like Visa for instance, but in order for another cryptocurrency to gain more dollar value than Bitcoin, it would need to have a bigger network effect, meaning more users and plus the same amount of trust or confidence which Bitcoin has built up since January 2009.

Market capitalization refers to the value of the total supply of a particular cryptocurrency in the market multiplied by the current dollar price of the digital currency.

Tether is a cryptocurrency group that offers a token, the USDT, that is designed to represent the value of the US dollar.

Over half a trillion dollars of value has been wiped off the entire cryptocurrency market in just under a month, as the prices of popular digital coins plunge.

«- Our patent covers subscriptions in cryptocurrencies and it covers subscriptions in cryptocurrencies to the value of any fiat currency, allowing a subscription to be either XX ETN per month (or week etc) or YY US Dollars» worth of ETN per month.

Some consider Bitcoin the gold to the US dollar; a tethered force that affects the value of all proceeding cryptocurrencies.

The high volume of Tether, a cryptocurrency that is backed to the US dollar at a 1:1 ratio, can be considered as a representation of the market's volatility, given that many traders on the world's largest cryptocurrency trading platforms utilize Tether to hedge the value of cryptocurrencies to the US dollar.

While bitcoin is now seen in the mainstream as a store of value among retail investors, it remains a peer - to - peer decentralized electronic cryptocurrency, a fact Glucksmann is keen to point out even if or when the cryptocurrency is valued at a million dollars.

The bitcoin community and developers are banking on bitcoin being a «store of value» for cryptocurrency as a whole, just like gold underpins the US dollar and other fiat currencies.

The value of cryptocurrencies has fallen across the market against the U.S. dollar after the news of the attack broke out.

The necessity of centralized exchanges has compromised this core value proposition of blockchain technology and has been the root cause of hundreds of millions of dollars of cryptocurrencies» loss and theft.»

The cryptocurrency markets made a comprehensive retreat on Tuesday, and more than 90 of the top 100 cryptocurrencies lost value against the US dollar.

The recent volatility in cryptocurrency values has seen fluctuations of 100's of billions of dollars within the space of a day.

Just like other cryptocurrencies they run on decentralised blockchains and use anonymised wallets, yet the companies behind them use a variety of systems, market algorithms and trading incentives in order to keep their values as close as possible to one US dollar.

According to the survey, men are more than double as likely as women to own cryptocurrency — 11.86 percent of all men to 4.27 percent of all women — as well as more likely to own more crypto in terms of dollar value.

The total value of all cryptocurrencies currently sits at around $ 300 billion, but venture capitalist Albert Wenger believes that it could eventually be worth trillions of dollars.

The reason behind it is simple, most of the cryptocurrencies don't have any dollar value.

The combined value of all cryptocurrencies in circulation approached half a trillion dollars on Tuesday, as bitcoin's rally extended to leading altcoins such as Ethereum and Litecoin.

Some, such as the original cryptocurrency Bitcoin, are created simply to exist as a means of exchanging value - similar to a fiat currency such as dollars or yen - but to be outside the control of a central bank.

Unless the entire cryptocurrency market surges exponentially and the valuation of the market grows to many trillions of dollars by the end of 2018, in the short - term, it is unlikely that leading cryptocurrencies including bitcoin, Ethereum, and Bitcoin Cash will record an astronomical surge in value, by more than 100-fold.

Indeed, whilst the broader public has gradually become aware of Bitcoin — contributing to its monumental rise in value — billions upon billions of dollars have come flooding into altcoins; a broad term encompassing all cryptocurrencies created after Bitcoin.

The Bitcoin price has once again enjoyed a rollercoaster ride this week, with the value of the cryptocurrency dipping 7 percent against the dollar over the last twenty four hours.