What it Means to Make Bitcoin a Legal Tender

June 9, 2021, marks the first move that would make history in Bitcoin's timeline. El Salvador passed a bill where 62 of 84 congressional voters would make Bitcoin a legal tender. Fast forward to September 7, and El Salvador became the first country to make Bitcoin a legal tender. In this article, we shall look into what it means for Bitcoin to be a legal tender in detail; What is Legal Tender? "This note is legal tender for all debts, public and…

The Largest Lump Sum of Crypto Funds Seized by Regulators

Most crypto-assets can revolutionize money transfers and global payments' efficiency. However, some of their features heighten terrorist financing and money laundering risks. The scale of illegal use of crypto funds is significant. Above all, it emphasizes the need for CFT/AML supervision and regulation. In 2019, about $11 billion (1.1%) of all cryptocurrency transactions were linked to criminal-related activities. As a result, regulators worldwide responsible for Anti-money laundering enforcement have investigated illegal activities involving crypto assets. If Cryptos become more than…

The Beginner’s Guide to Bitcoin Loophole

Bitcoin isn't new. It's been around since 2009, when it heralded the dawn of decentralized blockchain technology. Bitcoins and other cryptocurrency transactions are conducted through secure peer-to-peer networks and exchanges.  Several automated cryptocurrency software applications have popped onto the scene in the past few years. They use innovative technology to guide newbie and knowbie traders into making more informed trading decisions. The bid for many of the developers who created these trading robots and automated platforms was to decentralize sophisticated…

A Beginners Guide on Bitcoin DCA – Dollar-cost Average

Bitcoin is still the most prominent cryptocurrency, with a market capitalization above $ 850 B. Its value rose in early 2021 to smash the $60,000 mark and even set an all-time-high at $64,395. It can compare the recent spike in Bitcoin to the 2017 bull run, where Bitcoin's price eventually lowered massively. It's the nature of all cryptocurrencies, but they still provide remarkable opportunities to earn profits. Financial technology experts are constantly devising investment strategies like the dollar-cost averaging strategy…

Are You a Bitcoin Maximalist? A Quick Glimpse into this Crypto Ideology

If you have been in the crypto market for an extended period of time, you undoubtedly stumbled upon the phrase “Bitcoin maximalist.” This group of die-hard Bitcoiners is unwavering in their support for the world's first cryptocurrency. From message boards to social media, the crypto space is full of Bitcoin maximalists.  What is a Bitcoin Maximalist? Bitcoin maximalism is an ideology that centers on the creation of an open and free global monetary system based on Bitcoin. Maximalists envision a…

Introduction to the Lightning Network – Bitcoin’s Scalability Savior

Bitcoin’s Rampant Growth and Scalability Problem  Throughout its existence, Bitcoin has only been capable of processing around 7 transactions per second. Growing at a rate that most people would call unsustainable, Bitcoin’s scalability problem has slowly become a hindering issue. While a low transaction count was initially enough, the system has been congested for a few years.  As a result, transactions today take a long time to process, and transaction fees are extortionate due to the demand. Ten years later, scalability…