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Another way to learn more about cryptocurrency is to join a cryptocurrency association. These groups provide not only the latest information on the topic, but are also a voice for those involved with cryptocurrency, from miners to academics. There are not a lot of associations, but this will change has cryptocurrency and distributed technologies become more saturated in society. Below are a few associations to check out.

American Blockchain and Cryptocurrency Association (ABCA) — This association is based in Washington, D.C. (United States) and focuses on blockchain and cryptocurrency. ABCA is a member-based organization dedicated to promoting the idea that cryptocurrency and blockchain (distributed technologies) can improve our markets and lead to more efficient delivery of services. …

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As we have seen in 2019, cryptocurrency has taken the world by storm. More countries are starting to create (or have created) regulations for the use of this new digital currency. Last year, the trends involved security tokens, Jetcoin and institutional money. More institutions have come on board with investing in cryptocurrency. Hence, the increase of security tokens was warranted. Jetcoin is based on a cryptocurrency niche, in that it is a cryptocurrency coin just for the fans of athletes. The value of the coin is determined by an athlete’s popularity. The coin (JET) was created by Eric Alexandre in 2014. However, it is not for all athletes; the coin is limited to Alexandre’s pool of athletes. Also, there was an increase in the number of institutional investors since there was more cryptocurrencies and support. An example was the launch of Bakkt, a crypto platform for institutional money. These trends have given way to a new batch for 2020. …

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Many have a hobby of collecting items, whether they are cars, dolls or paintings. Since we live in a digital world, collectibles have gone from tangible to intangible. What makes a collection unique is the quality of the items, especially if they are rare or personalized. These items can be held, inspected and put on display. Yet, as society has gone digital, and so have collections. This includes crypto collectibles. How can cryptocurrency be a collectible? We don’t mean crypto as in cryptocurrency; we are talking about crypto as in cryptographically unique. …

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Since the first release of cryptocurrency (Bitcoin) in 2009, it has become a global currency with people buying, selling, trading and even minting it. It has gained traction over the past ten years to the point where a number of countries have created (or are creating) regulations for it, so it can be used seamlessly around the world for a wide range of products and services, such as homes, vacations, and food. The concept of using a new currency ecosystem was slow to accept at first but has recently gained speed. There are many companies, global and international, that accept cryptocurrency. …

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Fintech has been around for quite some time. Essentially, it began with credit cards. They not only gave people a new option to make a payment but also introduced a new financial world. This convenience of buying on credit led the way to other methods of payment, such as gift cards and debit cards, as well as forms of payment (e.g. cryptocurrency ). As a fintech company that advocates long-term everyday usability of cryptocurrency, Ducatus believes openness is a value that must be ingrained in any company that aims to make a difference in consumers’ lives.

Today, banking has been reshaped with the presence of mobile banks and alternative lending. This open-minded thinking about financial services has launched numerous fintech firms around the world. They are creating fintech products that will soon touch every facet of our lives. Let’s take a look at some of the top fintech firms that are making way for new and significant ideas. …

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Cryptocurrency has become part of our lives, allowing us a new way to make purchases with more security and transparency than using credit or debit cards. Investors are concerned more than ever about securing their cryptocurrency assets as the number of cryptocurrencies and exchanges increases globally. What is the solution? Cryptocurrency custody. It is a service provided by third parties for storing and securing cryptocurrencies. Cryptocurrency custody will become a popular service among institutional investors since they have the largest amounts of cryptocurrencies. There are few startups (e.g. Xapo) and institutions that offer this service.

As with any new technology, there will be those who will want to use it for their own purposes. We have seen this happen with computers and cryptocurrency. There are security measures in place for cryptocurrency. One are private keys. They are part of a digital wallet used to authenticate transactions. Private keys must match the public keys in order for the recipient of the transaction to spend the cryptocurrency. They are a prime reason for cryptocurrency custody. Private keys can be stolen or hacked. Digital wallets and exchanges can also be hacked. Even if the private keys are stored offline, a person can still physically lose the alphanumeric address (e.g. written down on a piece of paper or stored on a thumb drive). Another reason for cryptocurrency custody is regulation. Under the Dodd-Frank Act, institutional investors with customer assets worth over $150,000 must have a custodian. This includes futures commission merchants and foreign financial institutions. …

Ducatus Global shares insights on how cryptocurrency is used on the dark web.

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By now, many of us may have already heard about that part of the internet called the dark web. To put it simply, it is described as a place where illegal activities or questionable transactions occur via the internet. There is a difference between the dark web and the deep web. The deep web is where information that cannot be found by search engines is housed. It is not part of the world wide web, which houses public information. The dark web houses information that can only be accessed by special browsers. So why has the dark web become the place for cyber-criminal activity? Anonymity and security. Cyber criminals know that their transactions will be very difficult to trace. For the same reason, they have designated cryptocurrency as their means of financial exchange. …

Ducatus Global shares insights into cryptocurrency exchanges and their part in trading cryptocurrency.

If you are new to the crypto space or want to hone your skills at trading cryptocurrency, it’s important to know the working “parts” of cryptocurrency. For example, there are different types of cryptocurrencies, digital wallets, and blockchains. There are also cryptocurrency exchanges. The term “exchange” can be misleading since you can buy, sell or trade on the exchanges. The name comes into play when you want to exchange your cryptocurrency for an asset (e.g. fiat money). Cryptocurrency exchanges can be traced back to almost 9 years ago when they were created in 2010 for trading cryptocurrency. Prior to that, a customer had to mine bitcoin to get it. And if you didn’t mine it, the only way you could trade bitcoin was through forums. …

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Data has become increasingly valuable, much like traditional physical assets like gold, luxury items like jewellery or even cash, data may now be considered a sought-after commodity. Anything of value is generally more vulnerable when it is being moved from place to place than when it is being stored in a secure location. Just as valuables can still be stolen even from a secure vault, information can also be stolen from a secure server. As a result, programmers are constantly devising new means of securing the data itself in addition to the security provided by the storage device. …

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Cryptocurrency is fast becoming an accepted form of currency around the world. As more people are becoming interested in this revolutionary form of payment, more questions are being asked about it. Cryptocurrency experts and early adopters have become important sources of information, and one of the many tools they use to educate and share their learnings about cryptocurrency is TED Talks. You can learn a great deal from these videos that cover thousands of topics. Best of all, you can view them anytime on any device. When entering the world of cryptocurrency, whether to trade or mine, it is best to be completely informed. …

About

Ducatus Global

Ducatus Global is a fintech company based out of Singapore working to make cryptocurrency a mainstream payment method. http://ducatusglobal.com/ www.ducatus.net

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