Cryptocurrency

Banks Editorial Team

April 2nd, 2018

Bitcoin Investing 101: What Is Bitcoin Mining?

Buying bitcoin on an exchange is not the only approach to bitcoin investing. Investors can also mine bitcoin. Here’s what bitcoin mining means and how it might factor into your bitcoin investing strategy. What Is Bitcoin Mining? Computers have to perform a series of complex cryptographic operations to create a new bitcoin. (Technically speaking, there […]

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Banks Editorial Team

April 2nd, 2018

Are Ether and Ethereum the Same Thing?

If you want to enter the world of altcoin investing, understanding the difference between Ether and Ethereum is a crucial first step. Here’s a definition of Ether and Ethereum, and an explanation of how they are different. What Is Ethereum? Ethereum is a blockchain. In other words, it is a distributed database that allows information […]

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Banks Editorial Team

April 2nd, 2018

Three Reasons Banks Are Reluctant to Embrace Bitcoin

The relationship between banks and bitcoin has grown fraught. Banks such as JPMorgan Chase, Bank of America and Citigroup have all banned the purchase of bitcoins on their credit cards, and Capital One and Discover have both had bans in place for some time. While blockchain enthusiasts have been quick to label this a reaction […]

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Banks Editorial Team

April 2nd, 2018

Barclays and Coinbase: Bridging the Relationship Between Banks and Bitcoin

One of the common questions among altcoin investors has been when mainstream banks will get on board with altcoins. Coinbase recently found a tentative answer to that question when, surprising everyone, it managed to arrange a contract with Barclays that’ll give it an advantage in the UK market. But is this a sign of things […]

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Banks Editorial Team

April 2nd, 2018

Bitcoin Investing 101: Is ‘Buy and Hold’ Better for Your Bank Account?

Let’s start with the basics of bitcoin investing. What is “buy and hold”? Buy and hold is one of two major ways of managing an investment. In buy and hold, otherwise known as “passive,” investing, the investor holds assets for a long period hoping to ride out short-term changes in favor of long-term trends. A […]

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Banks Editorial Team

April 2nd, 2018

Mastercard Takes Unusual Stance on Banks and Bitcoin

Altcoins and cryptocurrencies have been wildly popular on the internet, but that hasn’t translated to the same optimism in the traditional financial industry. However, recent news has traditional finance sector roiling: Mastercard has recently decided it will work with altcoins—but only certain kinds of altcoins. Mastercard’s Decision Mastercard’s decision is simple. It will work with […]

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Banks Editorial Team

April 2nd, 2018

What Can You Buy with Bitcoin?

Bitcoin is a lot of things to a lot of people, but fundamentally, the goal is to turn it into a currency. However, using it as a medium of exchange has drifted slightly to the wayside as the market has heated up. That said, though, there are things you can buy with bitcoin — if […]

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Banks Editorial Team

April 2nd, 2018

Coinbase: An In-Depth Look at this ‘Bitcoin Bank’

Coinbase is probably the world’s most popular “bitcoin bank”— a place that allows you to store and exchange bitcoin. Here’s a detailed look at how it works. What is Coinbase? They offer two major services: First, it’s a digital currency exchange. It allows you to buy and sell bitcoin and some altcoins in exchange for […]

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Banks Editorial Team

March 23rd, 2018

The Top 5 U.S.-Based Bitcoin Exchanges

There is no shortage of bitcoin exchanges. How do you decide which one to use? Here’s a quick overview of the best bitcoin exchanges for 2018. What Is a Bitcoin Exchange? A bitcoin exchange lets you trade bitcoin for other cryptocurrencies. Some bitcoin exchanges also allow you to buy and sell bitcoin in exchange for […]

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Banks Editorial Team

March 23rd, 2018

Why Does Bitcoin Price Vary Across Exchanges?

Even an altcoin newbie will notice quickly that all cryptocurrency exchanges are not made equal. In fact, bitcoin prices can vary by hundreds of dollars across different exchanges. Why isn’t there a fixed price for bitcoin? There are a few reasons, and they’re essential factors you need to consider when trading bitcoin. There Is No […]

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