Northcrypto | Announcements

Blog: Blockchains and trust

Many have heard how, according to economics, technological development is the main driver for economic growth in the long run. Because of this it has been often assumed that the countries lagging in technology will grow faster in the future compared to the technologically advanced countries, because they can utilize the technology developed in the advanced countries. In real world this hasn’t been the case and the gap between developing countries and developed countries is still large, and in many cases even growing. So why is this? According to former World bank economist Stephen Knack, the biggest single explaining factor for this is trust. This blog post will go over how trust creates efficiency to markets and how blockchain technology can revolutionize the economies of the countries with low trust and lift people up from poverty.

14.01.2022

Monthly report of December

This monthly report examines the most important cryptocurrency news in December and delves into the entry of several banks into the cryptocurrency market.

06.01.2022

Annual report 2021

The year 2021 for cryptocurrencies will be remembered for the new all-time highs for several cryptocurrencies, but also for the price collapse in May. The most significant events of the year include China's ban on Bitcoin mining and El Salvador's decision to make Bitcoin legal tender. This article reviews the price movements and major events in cryptocurrencies in 2021.

03.01.2022

Blog: Chainlink and smart contracts

Smart contracts are one of the key innovations utilizing blockchain technology. Although the benefits of smart contracts are undeniable, their reliability may be compromised if they retrieve data from outside the blockchain using centralized operators. This paper takes a closer look at smart contracts and explains how the system developed by Chainlink has improved their reliability.

16.12.2021

Monthly report of November

This monthly report examines the most important cryptocurrency news in November and delves into getting paid in bitcoin, as well as several recently launched cryptocurrency funds.

07.12.2021

Our customer fund account has changed

Our customer fund account has been moved to the Latvian BlueOrange Bank today (29th of November).

29.11.2021

Blog: Cryptocurrencies and remittances

El Salvador made history by being the first country in the world to make bitcoin legal tender in 7th of September 2021. Many may wonder, why a relatively poor country like El Salvador was the first to do this, rather than a country from the technological forefront like Japan? One of the main reasons are global remittances.

19.11.2021

Monthly report of October

This monthly report examines the most important cryptocurrency news in October and delves into the fact that cryptocurrencies are going mainstream.

05.11.2021

Blog: Cryptocurrencies are revolutionizing the world

Cryptocurrencies will change the world more than many can imagine. Understanding the potential of cryptocurrencies and increasing their use will inevitably lead to a situation where many of the problems and challenges familiar today will be history in the future. This paper introduces how cryptocurrencies are revolutionizing the world and explain how this is possible in practice.

26.10.2021

Blog: Bitcoin and Lightning Network

Bitcoin's Lightning Network is a protocol built on bitcoin. The Lightning Network aims to improve the scalability of bitcoin. The Lightning Network is an entirely separate protocol from the Bitcoin blockchain to enable immediate bitcoin transfers in the future. This text introduces the basics of the Bitcoin Lightning Network and explains how the Lightning Network works.

13.10.2021

Monthly report of September

This monthly report goes through the most important cryptocurrency news in September and delves into cryptocurrency news related to different countries in particular.

05.10.2021

Blog: Good money vs bad money

Gresham’s law is an old theory in economics stating that bad money drives out good money. This economic phenomenon has been observed many times in history around the globe, from ancient Greece to modern times. Another economic theory states completely the opposite. According to Thier’s law good money drives out the bad money. Usually Gresham’s and Thier’s laws have been attached to coins made out of precious metals, but can they also apply to digital money like Bitcoin, and which of the laws is correct?

16.09.2021

Monthly report of August

This monthly report covers the most important cryptocurrency news in August and delves deeper into the position of Bitcoin and Ethereum as payment methods.

07.09.2021

Blog: The future of Ethereum

Ethereum is currently the second-largest cryptocurrency in the world. New and innovative applications are continually being published in the Ethereum blockchain. Ethereum’s position as the most popular platform on the market has been strong throughout its history. Even today, most of the new cryptocurrencies entering the market are built in the Ethereum blockchain. This article aims to discuss Ethereum and the factors influencing its future.

02.09.2021

Blog: Bitcoin for protection of property

Now that the inflation has rapidly risen after the Covid stimulus measures, it is good to look at in what different ways one can protect their wealth and property. In this blog I will compare different asset classes that have traditionally been used against inflation and see how Bitcoin does in this comparison. In short, inflation means the weakening of purchasing power, meaning that tomorrow you don’t get as many goods for the same amount of money as today.

12.08.2021

Monthly report of July

This monthly report covers the most significant news in the cryptocurrency world from July.

05.08.2021

Blog: Blockchain and its benefits

The blockchain is one of the most talked about technological innovations in recent years, and it has very high expectations around the world. It is possible to utilize the blockchain for several various purposes. The blockchain is also closely related to cryptocurrencies. Each cryptocurrency requires a blockchain to work. Thus, without blockchains, there would also be no cryptocurrencies. This article aims to talk about blockchains and the benefits they bring.

30.07.2021

Blog: Ethereum 2.0

Ethereum is the largest ecosystem in the cryptocurrency market. The great popularity of the Ethereum blockchain has led to its capacity limits beginning to come in recent years. Ethereum 2.0 is the latest version of Ethereum's blockchain, which aims to solve the scalability challenges faced by Ethereum. This article takes a closer look at what Ethereum 2.0 is and how it affects the operating principle of Ethereum.

15.07.2021

Monthly report of June

This monthly report goes deeper into the most significant events in the cryptocurrency world in June.

06.07.2021

Blog: What is stablecoin?

Stablecoin is a cryptocurrency whose main task is to keep its value as stable as possible in all situations. Almost always, this means that the value of one stablecoin should stay as close as possible to one dollar. Stablecoins offer excellent protection against the high volatility of the cryptocurrency market. This text aims to tell you about the different stablecoins and describe more about where they are needed.

17.06.2021

Blog: Benefits of monthly savings

Monthly savings is an easy and effortless way to start saving for the future. Regular monthly savings offers several different benefits, such as a way to spread your investments over time. The purpose of this text is to tell the reader about the benefits of monthly savings and how monthly savings in cryptocurrencies is possible in Northcrypto’s service.

20.05.2021

Blog: Monetary policy and Bitcoin

Monetary policy refers to central banks’ decisions to influence the price of money and the amount of money in the economy. In practice, this means decisions on interest rates and increasing the amount of money in circulation. The absolute strength of the world’s largest cryptocurrency, bitcoin, is its unchanging monetary policy. This article aims to discuss the monetary policy practiced by central banks and explain how it differs from bitcoin’s monetary policy.

29.04.2021

Aave and Chainlink are now available

We have added Aave and Chainlink to our service. Trading on Aave and Chainlink is possible in our service immediately.

06.04.2021

Blog: What is DeFi?

DeFi (Decentralized Finance) is currently one of the most significant topics in the cryptocurrency world, and it is expected to change the way we use banking services in the future. In practice, DeFi means that traditional financial services are brought on a decentralized blockchain, eliminating the need for third parties such as banks. The purpose of this text is to inform the reader about DeFi and the opportunities it offers.

25.03.2021

Blog: Differences between Bitcoin and Ethereum

Bitcoin and Ethereum are currently the largest and most significant cryptocurrencies in the world. Bitcoin and Ethereum differ from each other in many different ways. Knowing these differences is very important if you want to gain a broader understanding of cryptocurrencies. This paper aims to explain the basics of Bitcoin and Ethereum and the main differences between these two giants.

11.03.2021

Opening a business account is now possible

You can now sign up and trade on behalf of a company.

11.03.2021

Blog: Central bank digital currency - CBDC

Several central banks are currently developing their digital currencies based on blockchain technology. By developing their own digital currencies, central banks aim to move society towards more controllable currencies. Digital currencies based on blockchain technology offer central banks numerous advantages over traditional currencies. This text aims to tell about central banks’ digital currencies and how they differ from traditional cryptocurrencies. Finally, it is also described at what stage the development of central banks digital currencies is today.

24.02.2021

Blog: Bitcoin price

Numerous people around the world are interested in the price of bitcoin on a daily basis. Bitcoin is a highly volatile investment, and the price of bitcoin can fluctuate very much, even in the short term. Buying Bitcoin in an investment sense has grown tremendously in recent years. This article aims to tell the reader about bitcoin and its price movements and discuss bitcoin’s possible price in the future.

10.02.2021

Northcrypto enables instant bank deposits for its customers

We have opened instant bank deposits for our customers who use a Finnish bank account.

04.02.2021

Blog: History of Bitcoin

Bitcoin is the oldest and most famous cryptocurrency in the world. The history of Bitcoin is very colorful and involves several exciting events. History helps to understand the present, and knowing Bitcoin’s history is recommended for anyone interested in Bitcoin and other cryptocurrencies. The goal of this text is to introduce Bitcoin and its history.

27.01.2021

Blog: Bitcoin electricity consumption

One of the biggest criticisms of bitcoin is the high electricity consumption of bitcoin. Electricity is needed for bitcoin miners, and mining currently consumes more electricity than many countries in the world. This text aims to discuss bitcoin's electricity consumption and consider whether the concern raised in recent years about bitcoin's increasing electricity consumption is justified

13.01.2021

Blog: Cryptocurrency terminology

Cryptocurrencies contain numerous terms that may seem a little foreign at first. Mastering the terminology of cryptocurrencies helps to understand the cryptocurrency world. This article aims to make the reader familiar with the terminology of cryptocurrencies.

06.01.2021

Blog: Year of cryptocurrencies 2020

The year for cryptocurrencies was very bullish and eventful. The year 2020 remembered above all for the sharp collapse of the market caused by the coronavirus and the subsequent sharp rise in prices, the third halving of Bitcoin’s history, the rise of DeFi services, the entry of institutions and large investors, and most recently Bitcoin’s new ATH. This article aims to present the most significant events of this year in cryptocurrencies.

30.12.2020

Registration is now possible from new countries

We opened registration for nine new countries.

17.12.2020

Blog: Bitcoin enables banking services for everyone

There are currently 1,7 billion people in the world without their own bank account. Often, these people are in the most vulnerable position, with no access to traditional banking services. Most people living without a bank account are from Africa, Asia, and South America. However, the proportion of people living without a bank account is also relatively high in many Western countries. The lack of a bank account prevents several things that many of us take for granted today. Without a bank account, it is not possible to transfer money electronically to others, store assets in digital form, earn interest on deposits, or get a loan. This text aims to explain how the lack of a bank account affects people and how Bitcoin enables banking services for everyone.

16.12.2020

Blog: Inflation and the value of money

Inflation is definitely something whose basics are important for everyone to understand. With the coronavirus crisis, central banks have begun putting new money into the market at an unprecedented pace. Inflation is, therefore, a very topical issue at the moment. This text aims to explain what inflation means and what are the consequences of inflation. Also, the text talks about bitcoin and how bitcoin is more resistant to inflation than traditional currencies.

02.12.2020

Blog: What's the best way to store cryptocurrency?

Where are cryptocurrencies stored? Storing cryptocurrencies raises many questions for many people. Today it is possible to store cryptocurrencies in many different ways. If you are considering storing your cryptocurrencies, you should definitely think about which storage solution suits best your needs. At its simplest, it is possible to store cryptocurrencies in the same place where they were purchased. Cryptocurrencies can also be kept in your own cryptocurrency wallet. In this case, they are entirely under your control. This text introduces the most common ways of storing cryptocurrencies.

25.11.2020

Blog: What are cryptocurrency forks?

Cryptocurrency forks are updates of cryptocurrency program codes. Forks make it possible to change features of cryptocurrencies, fix bugs, or even create entirely new cryptocurrencies. Cryptocurrency forks do not require any action from regular cryptocurrency investors. Firstly, this article will provide basic information about both cryptocurrencies and blockchain technology. After that, we will talk about a hard fork and soft fork, and finally introduce the most famous forks.

18.11.2020

Blog: Bitcoin vs Gold

People have been striving for gold for thousands of years. Gold has served as a basis for both kingdoms and currencies. It is not very long since the US dollar was pegged to gold, and the currencies of all other countries were pegged to the value of the dollar. Today, one of the main reasons to invest in gold is to secure your wealth in times of uncertainty. The first block of Bitcoin was created on January 3rd, 2009. This is also widely accepted as the birthday of Bitcoin. Bitcoin is the oldest and best-known decentralized virtual currency in the world. Bitcoin has grown in popularity over the years, and today many experts call it the digital gold. The purpose of this text is to compare gold and Bitcoin as an investment.

11.11.2020

Blog: Cryptocurrencies and the most common investing mistakes

More and more people are interested in investing in cryptocurrencies. In cryptocurrencies, investors are particularly attracted by the revolutionary technology and the opportunity to invest in a completely new investment type. While all investors make mistakes, some mistakes are easier to avoid than others. This text aims to list the most common investor mistakes and explain how these mistakes can be avoided.

04.11.2020

Blog: Bitcoin halving

Bitcoin is the most popular and best-known decentralized virtual currency in the world. More and more people are interested in learning more about how bitcoin works. The Bitcoin halving is one of the key features of Bitcoin. Understanding the Bitcoin halving always requires an understanding of the basic principles of Bitcoin. After reading this text, you will understand the basics of Bitcoin and what Bitcoin halving actually means.

21.10.2020

Blog: Investing in Bitcoin

Are you interested in buying Bitcoin? Bitcoin is the most famous cryptocurrency in the world and people’s interest in Bitcoin has been growing steadily. Buying bitcoin is extremely easy and Bitcoin’s uses and popularity as an investment have grown exponentially in the recent years. After reading this text, you will understand the basics of Bitcoin and how bitcoins can be purchased.

08.10.2020