DooNiCrypto

How and where to spend your cryptocurrencies

Wanna buy marijuana online? What about cocaine and other drugs? What about guns and ammunition?  Do you want to finance terrorists? Is this what bitcoin and cryptocurrencies were created for? Hell no! The inventors of crypto, are just anonymous but not crooks. If you wanna buy these stuffs use the old rusted dollar. Even before crypto, these stuffs were being purchased.…

What is the connection between Cryptocurrency and Blockchain?

In a normal setting, a transaction takes place when funds are transferred from one person to another or from one place to another. In the Cryptocurrency market, transactions are a transfer of digital coins between two digital wallets.  A Cryptocurrency transaction is therefore a transfer of value via a network. Cryptocurrency transactions on the blockchain Transactions are submitted to the…

What determines the value of a cryptocurrency?

Cryptocurrencies are not printed like fiat currencies but are discovered or mined using a powerful network of computers worldwide. Cryptocurrency value is volatile compared to that of regular currencies. The term value should not be confused with price. While value is in regard to its benefits and usefulness (as a medium of exchange and as a store of value), price…

What you must know before you jump into the crypto world.

In our past blog, we learnt that the first cryptocurrency that was ever created was bitcoin. It was created by an anonymous computer geek called Satoshi Nakamoto in 2009. From then to present, many cryptocurrencies have been introduced into the market. Although people are using cryptocurrencies as speculative instruments and get-rich-quick schemes, Satoshi Nakamoto’s initial idea was to create a…

Government response to bitcoin and cryptocurrencies.

The threat that cryptocurrencies pose to conventional currency in terms of transaction speed and cost, as well as denying governments options to regulate them has seen mixed response by governments to the advance of cryptocurrencies in their territories. Some have panicked and closed down cryptocurrency exchanges while others have remained calm and are in the process of putting regulation in…

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