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December 19, 2020
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There are three ways to procure Bitcoin. One can buy it from a cryptocurrency exchange. In addition, one can accept Bitcoins as payment for selling goods and services. One can obtain it through mining new Bitcoins. The mining of Bitcoins is a complex process of discovering new Bitcoins.
Process of mining Bitcoins
The process of mining is very tough. It is just like digging the ground for finding gold. First of all, the miner has to set up a network of high powered computers. This set up is for finding the verification key of Bitcoins transactions. The miner will try to verify a large number of transactions in one go. All these transactions will be in boxes. Then a Blockchain will keep all the transactions locked virtually. The miner will try to find the key for this box. To do this, he will be using the software.
The software will try to find the key. After finding the key, the box will open. This will also 
verify all the transactions. The miner has to solve a lot of puzzles to get the correct one. The process becomes tougher and tougher. If the miner manages to crack the puzzle, this leads to the creation of a Bitcoin block. After the creation of the Bitcoin block, the miner will get a reward. The reward will be 25 newly created Bitcoins.
verify all the transactions. The miner has to solve a lot of puzzles to get the correct one. The process becomes tougher and tougher. If the miner manages to crack the puzzle, this leads to the creation of a Bitcoin block. After the creation of the Bitcoin block, the miner will get a reward. The reward will be 25 newly created Bitcoins. How to do mining for free?
To do Bitcoin mining, a few things are essential. First, one needs to install a Bitcoin wallet. One has to set up the Bitcoin wallet. It will allow to send, receive, and store Bitcoins. One can store the smallest amount of Bitcoin (called a Santoshi) to thousands of Bitcoins. One needs to create an account with the Bitcoin wallet. One also needs an encrypted bank account to receive the money. Then a free mining software is a must. One has to link the Bitcoin wallet with the bank account.
Free Bitcoin Mining Software
The actual mining process involves mining hardware. But the Bitcoin mining software is also an important component. It will connect the Blockchain network and the mining pool. The miner will provide information to the software. The software will provide it to the Blockchain network and the mining pool.
The software can be present in any operating system like Windows, Linux. There is so many software available for the mining process. Here are a few of the free software listed below.
EasyMiner – It is a GUI based mining software. It can operate in Windows, Linux, and Android operating systems. It is very transparent in nature. This software provides a visual representation of the mining process.
BTCMiner – It is a miner having a USB interface. This reduces the additional hardware requirements. The process is fully automated.
MinePeon – It is an open-sourced Bitcoin miner. It has good stability and performance. The mining is completely automated.
CGMnatur – This is a simple and lightweight miner. It can operate on multiple platforms. Its performance is quite good.
December 17, 2020
JP Morgan Chase & Co. Is a US-based multinational company. It deals with financial services and investment banking. Above all, it is the largest bank in the US by total assets. It is the most valuable bank by market capitalization in the world. It has its headquarters in New York City. JP Morgan is one of the Big Four banks of the United States of America. It deals with wealth management, 
private banking, investment banking, and many others. It works as a universal bank as well as a custodian bank. The bank has the third-largest hedge fund in the world.
private banking, investment banking, and many others. It works as a universal bank as well as a custodian bank. The bank has the third-largest hedge fund in the world. Bitcoin purchase
Bitcoin is flourishing since the last decade. The value of Bitcoin is increasing rapidly. Many investors are getting attracted towards it. Big investment firms are putting their money into it. A spokesperson has told that the company is expecting interest from Bitcoin. This could be an all-time high return for the company. The estimate is at $600 billion. Nikolaos Panigirtzoglou is a JP Morgan Analyst. He said that due to this, MassMutual has made a huge Bitcoin purchase. Due to MassMutual’s purchase, many companies are trying to invest in bitcoin.
MassMutual
MassMutual is the Massachusetts Mutual Life Insurance Company. It is an American company. It deals with mutual life insurance. The company has five million clients. It has more than 7000 employees in the US. Its headquarters is in Springfield, Massachusetts. Its trading name is MassMutual Financial Group. The company offers life insurance, long-term insurance, retirement plans, and others. George W. Rice is the founder of the company. Currently, Roger W. Crandall is the CEO of the company.
The effect
Due to the above, there is a rise in the purchase of Bitcoin. There is a high demand for Bitcoin in the market currently. Many social and commercial groups are trying to acquire Bitcoin. Insurance firms, wealthy investors, investment cooperation, and many others are investing in Bitcoin. The purchasing capacity might differ from company to company. But a small percentage will also make a difference to the Bitcoin market.
The above-mentioned incidents have a larger effect on the economy. Many other firms and cooperation are following 
MassMutual’s path. They are also trying to enter the Bitcoin market. They are investing in Bitcoin. Many insurance companies and pension funds will be investing in Bitcoin in the future. So, the purchase of Bitcoin by MassMutual is a milestone. However, due to regulatory policies, these firms are unable to invest larger amounts. The high risks involved and liability discrepancies are their obstacles.
Final Analysis
The cryptocurrency community provided their thoughts on these recent incidents. Jamie Damon is the CEO of JP Morgan Chase. He was not in the favor of Bitcoin and criticized Bitcoin in 2017. This didn’t go well with cryptocurrency investors and commentators. The CEO has told that Bitcoin is a fraud and it will blow up someday. He also added those investing in it, will have to pay the price one day. However, later he regretted making those comments and investing in Bitcoin.
December 15, 2020
Blockchain has become a fairly common name these days. Do you have a background in computers? Or have worked in banking or finance? Then you must have come across the term ‘Blockchain’. There is a deep association between blockchain and cryptocurrency. It is all but an entangled web which might not seem too simple to many people.
Are you someone who wishes to learn about blockchain? Or want to polish your knowledge about blockchain? Then Blockchain Fest 2021 is the place to be. This elaborate two-day fest, presented to you by FINEXPO, is in June of 2021. The main of this mass scale European event is Blockchain. 
In addition, Exchanges, Cryptocurrencies, Decentralized finance, Mining, Online Payments, and Investment are other interesting topics of this Fest. You can visit the official Blockchain Fest 2021 website and book your ticket at once.
In addition, Exchanges, Cryptocurrencies, Decentralized finance, Mining, Online Payments, and Investment are other interesting topics of this Fest. You can visit the official Blockchain Fest 2021 website and book your ticket at once. What is Blockchain Fest 2021 all about?
Ever since cryptocurrency has come into being, it has been on an all-time rage. Cryptocurrency is the future and it only makes sense to keep up with it. This fest focuses majorly on the blockchain. Why? Because blockchain is likely to be one of the most significant and powerful B2B events. This can be a great opportunity to sharpen your skills. In addition, get ready for the dynamic future with the best tools by your side.
Why should you attend Blockchain Fest 2021?
The simple answer would be to learn about Blockchain. Above all, you will realize that in this event you will get to connect with the most advanced minds in this field. Blockchain fest 2021 has managed to gather top professionals and global leaders. In addition to this, it is a great opportunity for newcomers to learn the basics of Blockchain. This includes Cryptocurrency, Crypto exchanges, Decentralized Finance (Defi), Mining, Payment systems, and Investment.
Blockchain Fest 2021 is a great place to be. You will meet with some of the greatest faces in the Blockchain and crypto industry. Blockchain Fest 2021 is one of Europe’s biggest events. Many experts and investors from all over the continent will attend this event. An opportunity like this does not come by that easily.
Blockchain Fest 2021 intends to offer growth opportunities. This will be both at personal and professional levels. 
There are many events organized. This includes exhibition booths, networking lounges, conferences, and workshops.
There are many events organized. This includes exhibition booths, networking lounges, conferences, and workshops. Still unsure about attending Blockchain Fest 2021? Consider these numbers.
Over 300 events, 500 speakers, and 3000 speakers and participants.
Blockchain Fest 2021: Essential information
Blockchain Fest 2021 would be in Parklane. It is a Luxury Collection Resort and Spa in Limassol. Blockchain Fest 2021 has an active website. It holds all the information an attendee would need. Over 1000, limited tickets are available for attendees. In addition, there are over 10,000 online spots for viewers. You can easily book a ticket online. There are four categories. Online, Standard, Business, and VIP. Each has its own advantages. In addition to this, if you book your tickets before 31st January, you will get a 50% discount.
December 10, 2020
In the past few years, bitcoin has gained immense popularity and it has emerged as a source of investment. Many investment firms are investing in bitcoin for better returns. Bitcoin has turned to be a better source of an investment than gold as well. The value of Bitcoin has increased by 150% in 2020. So, it made bitcoin a debatable option among large investors and fund managers.
Bitcoin as an investment option
Several think-tanks of the investment world have spoken and predicted about Bitcoin. There were mixed opinions about cryptocurrency and its usage. While some are in favor of it due to its increasing value, others are skeptical about its volatile nature. Chamath Palihapitiya is of the opinion that 
it is his best bet to invest in bitcoin in 2012. The Social Capital CEO tweeted that nothing matches bitcoin in 2012. He had shown his trust in bitcoin. Whereas, billionaire Jeffrey Gundlach has his doubts on this matter. He said he doesn’t believe in it as it is it is traceable.
it is his best bet to invest in bitcoin in 2012. The Social Capital CEO tweeted that nothing matches bitcoin in 2012. He had shown his trust in bitcoin. Whereas, billionaire Jeffrey Gundlach has his doubts on this matter. He said he doesn’t believe in it as it is it is traceable.Dalio’s prior opinion
Ray Dalio founded ‘Bridgewater Associates’. He had pointed out the volatile nature of cryptocurrency in the past. Dalio had mentioned that the governments might outlaw the bitcoin.
He has said that governments might ban bitcoin. Nobody will transact in bitcoin. There will be laws to curb the usage of bitcoin. He stated that he would prefer to invest in gold than bitcoin. Bitcoin might be a good option but governments would like to control its usage. The control by the government is one of the basic aspects of a currency. This does not apply to bitcoin. So, the digital currency may not be a success as expected. He has mentioned all these points in an interview last month. He didn’t see bitcoin as a great source for investment. At the same time, there are many fund managers willing to invest in bitcoin.
Recent changes
In his latest Reddit Ask-Me-Anything (AMA) session, he spoke about bitcoins. His opinion towards bitcoins and cryptocurrencies seems to have taken a shift. Now he is seeing the brighter aspects of it. He told that 
bitcoin has established itself as an investment option. It could a better choice than gold. According to him, Bitcoin has a lot of similarities to gold with a few differences as well.
bitcoin has established itself as an investment option. It could a better choice than gold. According to him, Bitcoin has a lot of similarities to gold with a few differences as well. An investor always looks to diversify his investment portfolio. Now bitcoin could be one of the better options than those already present in the market. He has always focused on diversifying his funds. Now he is seeing up to bitcoin to diversify his funds. He also hinted that he is looking for an alternative for investment purposes. Bitcoin fits the bill perfectly as of now. He told it is a great option than gold and other wealth management assets.
Conclusion
Focusing on diversification, he hinted at the need for an alternate option. Many investors welcomed his change in opinion. It would be interesting to see the new heights bitcoin go will reach.
December 7, 2020
Efforce is a new venture from Apple Co-Founder Wozniak. It is going to transform the green energy sector. Above all, it is Wozniak’s second venture after the famous Apple. He along with Steve Jobs had launched Apple in 1976. Efforce is planning to use Blockchain technology and Cryptocurrency. In addition, the technologies would make the funding process cheaper and simpler for energy companies. 
According to the media reports, Efforce will be shortly on Bithumb Global. Bithumb is also an exchange for decentralized currencies.
According to the media reports, Efforce will be shortly on Bithumb Global. Bithumb is also an exchange for decentralized currencies.Key Features of Efforce
· It is the world’s first blockchain-backed energy-saving company.
· It is also the first company that permits contributors to take advantage of the project.
· Cryptocurrency and blockchain technology would result in fast processing. The security level is very high. This makes the process for funding for ‘green’ projects quicker, cheaper, and simpler.
· It is the first platform in the world for such an operation.
· Everybody from everywhere can take part and gain.
· The venture would contribute to the field of environment and climate change.
· The venture is foreseeing a market for energy-efficiency projects worth $250 billion.
· It has created its own and unique Cryptocurrency token named “WORX”. The token name is an influence from the name of the owner of the company Mr. Wozniak.
· The total WOZX tokens amount is 1,00 million
· The emission rate is zero. No creation of fresh Tokens will ever happen.
How does it work?
Efforce uses blockchain technology that links the investors and the energy companies. Contributors can take part in energy efficiency projects. After that, they can take part in the acquisition of future savings tokens.
Companies gain from free energy efficiency enhancement. The outcome is savings that are there on the blockchain 
in real-time. Blockchain’s Smart contracts make transactions seamless. There is no involvement of any third-party in transactions. The crypto-token issued by Efforce is WOZX.
in real-time. Blockchain’s Smart contracts make transactions seamless. There is no involvement of any third-party in transactions. The crypto-token issued by Efforce is WOZX.More about Efforce
WOZX token was used in financial transactions of energy-efficiency projects. For this, the energy service companies have to list them on their platform. Efforce finds out the achievement of energy savings through energy projects. The company returns the saved energy to the investors. The gained energy is like an energy credit. One can use it later.
Efforce makes it easy for businesses to register their projects related to energy on the web. After that, they can attract investors from around the world. The initiative will benefit the companies.
In conclusion, the initiative is a great step towards energy efficiency. It will have much positive effect on the environment. It would promote energy efficiency. In addition, there will be more investment in this “green” energy sector. The sector may get a boost.
Efforce is Wozniak’s second company of life after 44 years of the formation of Apple Inc. Wozniak’s brainchild is going to create a transformation in the ‘green’ energy sector. Its model encourages energy savings. It is also very timely and relevant.
December 5, 2020
Bitcoin has been in news for different reasons since its origin in 2009. The virtual currency has seen its ups and downs in these years. Bitcoin enthusiasts term it as the future of digital currency. However, critics question its validity and functionality. Over the last decade, Bitcoin is becoming more popular. Before jumping to Bitcoin mining let us discuss Bitcoin.
Bitcoin
Bitcoin is the world’s first Cryptocurrency (Crypto). It is the most popular one as well. Crypto is a digital asset crafted to play its role as an exchange medium. A special computer database stores ledgers of individual coin possession records. In addition, the use of specific cryptographic codes ensures the security 
of all transaction records. Satoshi Nakamoto was behind the creation of Bitcoin. However, nobody knows whether Satoshi is a real person (persons) or a pseudonym.
of all transaction records. Satoshi Nakamoto was behind the creation of Bitcoin. However, nobody knows whether Satoshi is a real person (persons) or a pseudonym. Bitcoin is an open-source digital currency. It is not issued by any government or central banking agency. Above all, it is a decentralized currency that uses cryptographic language to record all transactions. Blockchain is the technology that makes Bitcoin function. Blockchain is a distributive ledger of all public transactions.
Now, let’s shed light on Bitcoin mining and the mechanism behind it.
Bitcoin Processing or Mining
Bitcoin mining
The creation of Bitcoin is the reward for the mining process. By solving complex computational problems formation of new Bitcoins occurs. Mining is the process behind the creation of this Cryptocurrency. You can buy, sell, and share Bitcoin among the users. In addition, you can also exchange the same with other physical currencies and virtual currencies.
Bitcoin mining process
Mining is a distributed or dispersed consensus system. The use of this is to acknowledge pending transactions. Blockchain includes all transactions. A Consensus is the job of realization of all processes that happens in a group. The task is to achieve an agreement on various explicit values. Above all, the votes or confirmation of each process is the basis of the values. Undisputed agreement occurs on values through a specific 
consensus algorithm. Therefore, it needs to get an undisputed agreement on some value. This sounds simple but involves too complex mathematical calculations. Bitcoin miners use high-end computing devices for this purpose. In conclusion, we can say, it is a kind of record-keeping facility.
consensus algorithm. Therefore, it needs to get an undisputed agreement on some value. This sounds simple but involves too complex mathematical calculations. Bitcoin miners use high-end computing devices for this purpose. In conclusion, we can say, it is a kind of record-keeping facility. To make Bitcoin mining occur miners use powerful computers. The computers deal with complex and complicated computational mathematical problems to solve them.
Is it secure
The process put in force a sequential order in the Blockchain. It safeguards the impartiality of the network. In addition, it also permits various computers to be in consent with the status of the system.
A block stores transactions and have a link with the next block. The transactions follow very stringent cryptographic rules. Above all, the entire network verifies each transaction. Crypto links join irreversible blocks. Alteration in any block will alter the connecting blocks and invalidated them. This is a standard rule not to change any previous block. Therefore, this ensures data security as nobody can alter it for their advantage. In conclusion, for any modification to happen all Bitcoin holders have to give their consent. It is not workable at all.
We hope, the content serves you to understand the basics of Bitcoin mining. We would discuss other related aspects of Bitcoin mining in future articles.
December 4, 2020
Blockchain technology is again in news for its application in ‘paperless’ trade. The Australian Border Force (ABF) is planning to use Blockchain in cross-border trade. It aims to make it simpler, quicker, and convenient. In addition, ABF is planning to start paperless trade with the Asian nation Singapore. The ABF is Australia’s customs and border protection agency.
On November 25th, ABF has announced the launch of this digital cross border trade. After that, the two leading business nations had signed an agreement on this behalf in August.
What is the Australia-Singapore Digital Economy Agreement (DEA)?
DEA is a path-breaking step. A global benchmark was set for digital trade rules and practical trade cooperation. The expectation is that it would shrink the obstacles to virtual (digital) trade. Above all, it would create an environment conducive for Australian businesses as well as customers. 
It would encourage the participation of Australian businesses and consumers in digital trade. Therefore, the aim is to bring them closer to a digital economy.
It would encourage the participation of Australian businesses and consumers in digital trade. Therefore, the aim is to bring them closer to a digital economy.The Blockchain trial run will end by early 2021. Moreover, a discovery report compilation of the learning from the trial is under the plan.
Highlights from the agreement and the new development.
- It would integrate paperless trading. Therefore, this means no more paperwork for each business dealings and activities. It would also contribute to the environment. In addition, it is a sustainable way of doing business.
- Promote secure digital exchange and sharing of trade information. Dissemination of information would be easier. Therefore, the sharing of critical information in a safe way is possible.
- Reduce hurdles lie in digital trade and promote a seamless trade environment. It would have a positive impact on business volume and dynamics.
- The Blockchain tryout aspires to trim down administration costs. Digital transactions would cut administrative costs. In addition, cost savings would be possible for traveling expenses. Above all, the technology would help in virtual meetings and conferences.
- It would create a better business culture that enhances trade efficiency.
- Help in sharing and exchanging electronic documents. These documents are safe to store and transfer.
In addition, the exchange of documents is possible in a very quick time. Therefore, the documents will be safe. There is no need for storing files in piles. Accessing any document will be a matter of a few seconds.
- It will test digital verification platforms for primary certificates of origin.
- It is a big step towards Australia’s plan for Single Window Trade facilitation in the future.
Bottom-line
In conclusion, the initiative by the Australian authority is good news for Blockchain fans. It would help both the Australian businesses and customers in diverse ways. It would boost the national economy in many. Paperless trading would have a positive effect on the environment. Australia-Singapore Digital Economy Agreement is going to transform the digital economy of Australia.
The digital economy is going to transform the business environment of Australia. Blockchain would enable quick transactions among a huge network of stakeholders. Transparency and security aspects would make transactions more acceptable. Exchange of business documents would be possible. Business houses and other concerns would not waste time on physical paperwork. Through Blockchain smart contracts would be possible.
November 26, 2020
The Blockchain technology is behind the functioning of Cryptocurrencies like Bitcoin. It is in the news, yet again. Blockchain has emerged as a new-age technology with a variety of applications. We have seen its use in defense systems. It is also used in supply chain management, banking, and the electoral system to name a few. In addition, it’s the turn to use Blockchain in health management, more particularly to combat COVID-19.
The pandemic has engulfed the whole world during the last year. It has taken thousands of lives and shattered and shuttered the entire globe. After that, people have been in home isolation. Above all, the businesses, industries, and public activities are almost stopped. Because of the severe 
economic crisis, countries are opening up now. Till now, no foolproof medicine or vaccine is available to fight COVID-19. Without mass vaccination, it is difficult to control the spread of the virus. Without vaccination, normalcy is not going to come back.
economic crisis, countries are opening up now. Till now, no foolproof medicine or vaccine is available to fight COVID-19. Without mass vaccination, it is difficult to control the spread of the virus. Without vaccination, normalcy is not going to come back.In many countries, scientists and medical professionals are busy developing vaccines for COVID-19. At least a dozen Medical Labs have claimed their advancement in vaccine development. Two to three labs are claiming to have done with it. Above all, they are ready to market the product soon, possibly in the next three to six months.
But, for successful vaccination, there is a need for an effective supply chain. In other words, a well-organized supply chain can ensure a smooth supply of vaccines to each one of us. There is a need for quickness in the distribution of vaccines. The creation of a database of all stakeholders is also essential. It would ensure smooth monitoring and management of the vaccination process.
Blockchain Application in COVID-19 Management
The development of the COVID-19 vaccine is in the advanced stage. Some claim its arrival by the year-end. However, the next challenge is the management of the supply chain. It is a complex supply chain where the number of stakeholders is high. Acceptance of error is almost zero. In addition, it requires a huge data exchange, easy accessibility, transparency, and usability.
Several governments and medical laboratories are considering using Blockchain in combating COVID-19.
The vaccine supply chain is consisting of different stages. The stages are the development of the vaccine, storage, packaging, and cold-chain transport. Few more stages are the national and international delivery and distribution.
Why Blockchain?
Blockchain technology 
has several unique advantages. Now here are some notable advantages of Blockchain in its application in COVID-19.
has several unique advantages. Now here are some notable advantages of Blockchain in its application in COVID-19.- Blockchain would ensure quick communication among all stakeholders when an epidemic strikes
- Effective Patient Consent data management is possible.
- A decentralized database would help connect all stakeholders in a single network
- The tracking of vaccine distribution could be helpful for pharmaceutical companies.
- A high level of transparency is possible in Blockchain-based applications.
- Communication among parties becomes easier.
- The storage of data here is secure and it is difficult to delete.
- Ensures quality control
- Blockchain can ensure a fair, transparent, and democratic process.
- Blockchain will record transactions made between 2 parties in an organized way.
November 24, 2020
Bitcoin is continuing to march ahead by reaching $18,000 per Bitcoin recently. On 18th November, it has crossed this mark which is the highest mark after the last boom in December 2017. The upsurge is 150 % more than what it was in the last year. The Bitcoin boom was last experienced in 2017. At that time it reached near the $20,000 mark. Cryptocurrency experts are predicting the repeat of history by the end of the year.
There are speculations about Bitcoin’s leap. The digital currency tends to volatility.
Growth and Speculations
Since its inception in 2009, Bitcoin, the world’s first Crypto has been erratic in its growth. But it has never come to a situation like this. It has a strong foundation in Blockchain technology. 
Although it’s a virtual new-world currency it has better features than physical currencies. No other currency can match Bitcoin. This includes the speed of transaction, transparency, easiness, data security, and decentralization.
Although it’s a virtual new-world currency it has better features than physical currencies. No other currency can match Bitcoin. This includes the speed of transaction, transparency, easiness, data security, and decentralization. A person or a group of persons formed Bitcoin. However, it is still a mystery surrounding the originator. But the idea was clear and the concept was logical. Blockchain is the most important driving factor for Bitcoin. However, right from the start, there were speculations, uncertainties, and above all controversies. Till now only Mexico and a few handfuls of countries have given it proper recognition. The digital (virtual) programming base has kept away any third-party intervention. Though the governments have been distancing themselves from it.
However, with time, Bitcoin is gaining confidence among governments and companies. This includes financial institutions, banks, die-hard investors, and common people. Due to its inherent advantages, it is being accepted by many stakeholders now.
Why Bitcoin Price is Rising?
Bitcoin is the first Cryptocurrency in the world. It is also the most popular virtual currency is rising. It is not at all a new phenomenon. We have seen such a kind of upsurge in 2017 and a few instances before. Since the launch, Bitcoin has witnessed ups and downs in its price.
But post-March ‘2020 the price of Bitcoin is skyrocketing. There are several reasons behind such growth. But what factors are driving this exceptional growth? Many factors are responsible for the climb in the price of Bitcoin.
We may classify the factors into two sets. The first set comprises of those factors that are regular and historical. 
These are very generic to the Bitcoin boom. The second factors are the recent circumstances. These are accelerating the price of Bitcoin in 2020.
These are very generic to the Bitcoin boom. The second factors are the recent circumstances. These are accelerating the price of Bitcoin in 2020.Factors Behind the Rise
Bitcoin is running because of Blockchain. The technology is on decentralization, transparency, and peer-to-peer transactions. It is not controlled by any government, financial authority, or bank. It is free from any intervention from any authorities. Of course, governments can ban or limit the acceptance of exercising their authority. No third-party regulates the functioning of Cryptocurrencies like Bitcoin. It is highly transparent and the data stored in blocks are not possible to delete. Users can access their transaction history very easily. They can make transactions very quickly in any part of the world.
The upsurge of Bitcoin in 2020 is very different from the earlier picks. Many big corporations have been embracing Bitcoin. It has started in 2018 but picked up in 2020. DBS Bank and China Construction Bank (CCB) have jumped into the crypto world. PayPal has entered the zone with its huge customer base across the world. It seems that the upward trend is going to be there in 2021.
November 21, 2020
Cryptocurrency is rising high in 2020. Since March this year, Cryptocurrency is on an upward trend. The current price of one Bitcoin is more than $18,000. It may touch $20,000 by December end. Experts are predicting the value of Bitcoin may reach $100,000 by 2025.
Cryptocurrency is a Blockchain-backed digital currency. It uses cryptography that ensures secure transactions. It is a decentralized peer-to-peer system. Bitcoin is the most popular Cryptocurrency in the world. Several other Cryptocurrencies are in use. It is not under any regulatory framework. Hence, there is a market risk in Cryptocurrencies.
We have always seen the rise and fall of Cryptocurrency throughout its history. Many big companies and organizations are entering the crypto market. Several financial institutions especially 
banks are embracing crypto in the last few years. Amazon, Microsoft, Square, BMW, Google, Citigroup, PayPal, have one thing in common. They all have already joined the crypto market.
banks are embracing crypto in the last few years. Amazon, Microsoft, Square, BMW, Google, Citigroup, PayPal, have one thing in common. They all have already joined the crypto market. Since its start in 2009, the first Cryptocurrency of the world, i.e. Bitcoin has seen a mixed fate. Crypto enthusiasts are very optimistic about it. They feel it has the potential to be the numero uno currency of the digital finance world. Amidst accolades, it has also seen resistance. Many skeptics are apprehensive of Cryptocurrency. Besides that, we have also seen illegal and criminal activities using crypto. Therefore, let us discuss the dark side of crypto.
The Dark Side of Cryptocurrency
Nobody talks about the darker side of Cryptocurrency. Mark Twain once said, “Every man is a moon and has a side which he turns toward nobody. You have to slip around behind it if you want to see it.”
Cryptocurrency has the following dark sides that need to watch for:
Lack of Security In Case of Any Loss
Bitcoin is a very safe and secure investment. Tampering with information is impossible. Blockchain and other technologies are behind the success of Cryptocurrency. But, if any hacker by chance steals your money then there is no way to get it back. Unlike physical currencies, crypto is not managed by any central authority.
The market is not regulated
Crypto trading is not under any central controlling authority. Till now, there is an absence of legal market 
regulations to handle Cryptocurrencies. Most governments of the world are skeptical about its feasibility. Except for Mexico, no other government has shown much interest in it.
regulations to handle Cryptocurrencies. Most governments of the world are skeptical about its feasibility. Except for Mexico, no other government has shown much interest in it.Crypto Market is Fluctuating
The price of crypto is very fluctuating. We have seen a sudden collapse in price after continuous accent for months. This kind of trend is happening time and again. For some people, it is an avenue for investment. But for the majority of people, it is still an “unofficial currency”.
Difficult to Understand
Many small individual investors don’t have a clear understanding of Cryptocurrency. The functioning of crypto and Blockchain is not easy for many.
The currency was used for money laundering, terrorism activates, and many other illegal activities. The US authorities closed AlphaBay in 2017. AlphaBay was responsible for the illegal trafficking of drugs, firearms, hacking tools, etc.