Opinion: Cryptocurrencies not outside the law
The different cryptocurrencies that are currently exchanged in the market do not move outside the multiple businesses that are striving to massively boost token as a payment option. According to Rubén Guía Chirino, attorney and advisor for Dash Venezuela, 99% of cryptocurrency transactions are involved in legal activities; therefore, those who associate the use of […]
Brazil’s second highest Court rules that banks can unilaterally close cryptocurrency-related accounts
Brazil’s second highest Court, STJ, has decided in favor of Itaú Bank in a lawsuit started against them by Mercado Bitcoin, one of Brazil’s largest and oldest Bitcoin exchanges. Itaú’s defense argued that KYC and anti-money laundering regulations gave them the necessary powers to close accounts which they, unilaterally and at their sole discretion, decide […]
How do I convert Bitcoin to US Dollars and Euros?
To convert Bitcon and other cryptocurrencies into US Dollars, Euros or other currencies, you need an exchange that will work with fiat money. Most cryptocurrency exchanges don’t, because fiat requires compliance with local and international regulations and in most cases the reserve requirements are out of reach for the typical unfunded crypto hackers who happen […]
What is the difference between digital money and cryptocurrencies?
Cryptocurrencies are a form of digital money, but what we normally understand as digital money is represented in fiat currency. For instance, prepaid cards, virtual credit cards and other forms of digital money are simply fiat money deposited into some account under a traditional banking institution. Parents, for instance, can load up their children’s cards […]
Concepts In This Page
Cryptocurrency Transactions (TX's) are the logical object which tie an unspent output to a new input, forming the chain which allows us to control address balances. Transactions are grouped into blocks which, when verified by mining or staking, form the blockchain.