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What is Bitcoin mining?

What is Bitcoin mining?

2 minutes The Bitcoin is an example of a scarce digital asset, since the maximum number of units that can be produced, is 21.000.000 and considering that for every 210.000 new blocks created on the network 50 BTC are generated. The generation of these units occurs through a process called mining.  This process is so complex that it can be compared to the process of the gold, and that’s why it’s called mining. Besides the function of generating coins, the mining is also a Continue

Week in Crypto | 07/03/2020 – 15/03/2020

Week in Crypto | 07/03/2020 – 15/03/2020

4 minutes Bill Gates leaves Microsoft’s board On 3/13/2020, Bill Gates announced that he is leaving the board of Microsoft and Berkshire Hathaway, Warren Buffet’s company. According to the statement published by Gates himself on his Linkedin, he leaves the councils to dedicate himself to his philanthropic projects and to combat climate change. The co-founder of Microsoft had already stepped down as CEO of the company in 2008 and remained in the presidency until 2014. Gates claims to remain the technology consultant to current Continue

Week in Crypto – 29/02/2020 a 06/03/2020

Week in Crypto – 29/02/2020 a 06/03/2020

4 minutes Bitcoin é considerado como dinheiro por tribunal francês Conforme notícia veiculada no canal de notícias Les Echos no dia 05/03, o Tribunal Comercial de Nanterre decidiu qualificar o Bitcoin como ativo intercambiáveis não passível de individualização, tal como são as moedas fiduciárias. Essa decisão aconteceu no caso da disputa entre a empresa de investimentos BitSpread e a exchange francesa Paymium. Segundo o relatório do processo, a Paymium emprestou 1.000 BTC (cerca de US$ 9,1 milhões) para a BitSpread no ano de 2014. Continue

Everything you need to know about wallets

Everything you need to know about wallets

3 minutes Digital coins, even though they differ a lot from fiat coins, especially when it comes to regulations and bonds (or the lack of them) with state financial authorities, have one element in common: the necessity of a place to being stored.  In the case of fiat coins, they are stored in a bank account and their value can be traded through checks, debit and credit cards, or even via payments with the physical fiat coins themselves. The cryptocurrencies, however, are stored and Continue

New Digital Economy: from IPOs to ICOs

New Digital Economy: from IPOs to ICOs

2 minutes When companies needed support to start their business they commonly would launch stocks, that were called IPOs, becoming publicly-traded companies that could earn the capital needed to start operating through Société Anonyme (S.A.) with the investors.  However, with the technological revolution and the dynamicity of the world, new business models started to appear and, consequently, the way of seeking capital for the companies has also changed. The new digital economy, that embraces startups and new decentralized monetary systems like Bitcoin, also brought Continue

Week in Crypto: 22/02 – 28/02

Week in Crypto: 22/02 – 28/02

3 minutes Exchanges suffer DDoS attack Last Friday, 28/02/2020, the exchanges OKEx and Bitfinex suffered a DDoS. Both companies said that the problem was solved and nothing was stolen during the attacks.  The first attack targeted the OKEx during the first hours of the morning of 28/02. As a countermeasure to the attack, the exchange suspended temporarily the derivative contracts during the morning, reestablishing the normality on the same day.  According to Jay Hao, OKEx’s CEO, the attack was rapidly identified and interrupted by Continue

Cryptocurrencies’ exchange: why does it change so much?

Cryptocurrencies’ exchange: why does it change so much?

3 minutes Since their creation, investments available in the stock market are characterized by their dynamicity and volatility. Influenced by social, political and economic factors, along with speculation and the market scenario, the price and the profit of the stocks can vary numerous times during the day, so this market is really lucrative but quite unstable. With cryptocurrencies occurs the exact same phenomenon. For its origins in cyberspace and because they are inserted in the context of the digital era, they are submitted to Continue

What do I need to know about cryptocurrencies?

What do I need to know about cryptocurrencies?

2 minutes Monetary systems created by humanity had modified themselves drastically through time. A key point for the occurrence of those changes in contemporary history was the Bretton Woods Agreement, right after World War II, which contributed for the process of internationalization of global economy. Along with this, the technical, scientific and informational development promoted by the Third Industrial Revolution, was also determinant in globalization process that, among many things, boosted the economic interdependence between countries all around the world.  Amid this whirl of Continue