Northcrypto | Announcements

The payment processor for instant deposits is changing

The service provider for instant deposits will change from Zimpler to Trustly.

29.09.2023

How to explain Northcrypto's cryptocurrencies to a friend?

Cryptocurrencies are a relatively unfamiliar and unknown topic for many people. Because of this, explaining them can often be quite challenging. In this blog post, we provide as simple explanations as possible for each of the cryptocurrencies offered by Northcrypto.

22.09.2023

Monthly Review of August 2023

In this monthly review, we will examine the most significant cryptocurrency-related news in August. The major cryptocurrency headlines for August were related to positive ETF news from the United States and Europe, as well as PayPal's launch of a stablecoin on the Ethereum network.

06.09.2023

Blog: Bitcoin Dominance

Bitcoin dominance is one of the most commonly used tools in the cryptocurrency markets. By tracking the evolution of Bitcoin dominance, investors can monitor Bitcoin's relative position compared to other cryptocurrencies. Changes in Bitcoin dominance have typically provided insights into shifts in market cycles. This text explains what Bitcoin dominance practically means and what conclusions can be drawn from its fluctuations.

24.08.2023

Blog: The Blockchain Trilemma

In 2017, Ethereum co-founder Vitalik Buterin introduced the concept of three attributes that different blockchain platforms aim to achieve. Buterin introduced the idea as "The Scalability Trilemma", which has since solidified its place as a central tool for examining blockchain goals and challenges. Nowadays, this idea is often referred to as "The Blockchain Trilemma".

16.08.2023

Monthly Review of July 2023

In this monthly review, we'll take a look at the most significant cryptocurrency-related news from July. The major cryptocurrency news in July revolved around a decision made in the United States, stating that XRP is not a security, the European bank's $120,000 Bitcoin price prediction, the world's second-largest asset manager increasing its Bitcoin-related holdings, technical advancements of Chainlink and Polygon, and Bitcoin mining for district heating in Finland.

04.08.2023

Blog: Evolution of money

Money is a technology that is an integral part of practically every person's daily life. The history of money includes various forms, from seashells and stones to the latest leap in monetary technology, Bitcoin. In this blog post, we will explore the evolution of money and examine why Bitcoin is a promising form of currency.

25.07.2023

Blog: What is a Bitcoin ETF?

Bitcoin ETF is one of the most talked about topics this summer. What does the abbreviation ETF even mean in practice and what exactly is a Bitcoin ETF? This text discusses Bitcoin as an investment and considers how Bitcoin ETFs change Bitcoin's position in the eyes of investors.

14.07.2023

Monthly report of June 2023

In this monthly report, we will examine the most important cryptocurrency news in June. The most significant cryptocurrency-related news in June revolved around BlackRock's Bitcoin ETF application and its implications, the lawsuits filed by the SEC, the progress made by Deutsche Bank and HSBC, positive comments from the US Federal Reserve Chairman on cryptocurrencies, and MicroStrategy's bitcoin purchases.

05.07.2023

Blog: Categories of cryptocurrencies

People often think of cryptocurrencies as just one big entity that includes numerous cryptocurrencies like Bitcoin that compete with each other for popularity. However, this is not the case, because in reality it is possible to divide cryptocurrencies into three different categories.

21.06.2023

Blog: Bitcoin – the best investment of the decade

This blog text goes through the journey of Bitcoin becoming the best investment of the past decade. In addition to this, the price history and features of Bitcoin are utilized to consider whether Bitcoin can also be the best investment of this decade.

14.06.2023

Monthly report of May 2023

This monthly report reviews the most important cryptocurrency news in May. The report focuses especially on the active use of Bitcoin and Ethereum networks, an analysis of Bitcoin mining conditions in Finland, the advances made by Hong Kong and Beijing, and Tether's decision to accumulate bitcoin in its reserves.

05.06.2023

Blog: MiCA cryptocurrency legislation

In April 2023, an important step forward was taken in terms of global cryptocurrency regulation when the European Parliament approved the Markets in Crypto-Assets (MiCA) regulation by a clear majority. MiCA is the most comprehensive cryptocurrency legislation in the world to date and is scheduled to come into effect during 2024 and 2025.

30.05.2023

Monthly report of April 2023

This monthly report reviews the most important cryptocurrency news in April. The most significant news in April can be considered the MiCA cryptocurrency legislation accepted in the European Union and the successful implementation of the Ethereum Shanghai hard fork.

04.05.2023

Blog: Ethereum as an investment

Ethereum is one of the most important cryptocurrencies in the cryptocurrency market. During the last few years, Ethereum has grown in popularity among investors. This article describes Ethereum as an investment target and discusses the factors behind Ethereum’s growing popularity.

14.04.2023

ApeCoin now available on Northcrypto

We have added ApeCoin to our service. Trading ApeCoin is possible in our service immediately.

05.04.2023

Monthly report of March 2023

This monthly report reviews the most important cryptocurrency news in March. In particular, the report delves into the rise of Bitcoin price and hashrate, measures taken by US authorities, Ethereum's upcoming Shanghai hard fork, Polygon's advancements, and MicroStrategy's bitcoin purchase.

04.04.2023

Backgrounds of USDC price fluctuations

The value of USDC has fluctuated significantly in the last 24 hours. We want to uncover the background that has led to the abnormal value formation of the USDC.

11.03.2023

Blog: Cryptography

The operation of all cryptocurrencies is based on cryptography, but what is cryptography? And what are public-key cryptography, digital signatures, and hash functions? This blog post delves into these issues, among others.

10.03.2023

Change of instant euro deposit service provider on 7.3.2023

We will change the service provider we use for instant euro deposits on Tuesday 7.3.2023 to improve the usability of our service.

06.03.2023

Monthly report of February 2023

This monthly report reviews the most important cryptocurrency news in February. The report focuses especially on the EUROe stablecoin published in February, Sitra's Web3 publication, Coinbase's Ethereum scalability solution, and the advances made by German banks and Hong Kong.

03.03.2023

Monthly report of January 2023

This monthly report reviews the most important cryptocurrency news in January. In particular, the report delves into the bankruptcy of Genesis, Aave v3, Bitcoin news, BlackRock's announcement related to Bitcoin, Strike's collaboration with the payment services giant, and El Salvador's bitcoin-related advances.

03.02.2023

Blog: What can you do with cryptocurrencies?

The first question many people have about cryptocurrencies is, what can one actually do with them. This is very understandable because their usage isn’t really visible in day-to-day life in western countries. Also for many, the premise of completely digital money used on the internet can sound more like money from video games than traditional currencies. In this blog post, we go over what cryptocurrencies are mainly used for and how the use differs between different countries.

27.01.2023

Blog: Bitcoin – digital energy

Is money energy? What kind of money works well for storing and transferring energy? And what does the claim that Bitcoin is digital energy mean? This blog text seeks answers to these questions, among others.

20.01.2023

Blog: What is behind the value of bitcoin?

Bitcoin is the world’s most popular cryptocurrency, and its price has risen remarkably high in recent years. Many have undoubtedly wondered what factors make up the value of bitcoin in the end. This text aims to reveal the factors behind the value of bitcoin.

13.01.2023

Annual report 2022

The year 2022 for cryptocurrencies will be remembered as a year of decline in cryptocurrency prices. The most significant events of the year included the collapses of cryptocurrency exchange FTX and the Terra ecosystem, asset manager BlackRock's decision to offer cryptocurrency services, and the successful Ethereum Merge. This article reviews the price movements and most significant events of the cryptocurrency market in 2022.

05.01.2023

Blog: Will the collapse of FTX take the whole cryptocurrency market along with it?

Macroeconomic turbulence has brought almost all markets down this year. The collapse of Terra Luna, a $60 billion ecosystem at its peak. Cryptocurrency hedge funds and loan services going bankrupt. And finally, the reveal of wrongdoings and fraud in one of the largest cryptocurrency exchanges FTX, and the total collapse of that enterprise. Once again many have declared the death of cryptocurrencies on social media and even in some newspapers. So is this finally the end of cryptocurrencies?

16.12.2022

Monthly Report of November 2022

This monthly report reviews the most important cryptocurrency news in November. In particular, the report delves into FTX collapse and its effects, Fidelity's cryptocurrency trading service, Brazil's decision to make cryptocurrencies an official payment method, JPMorgan's DeFi transaction, and Instagram's decision to bring Polygon's NFTs into its service.

07.12.2022

Blog: What is Metaverse?

Metaverse is a term that you might have read recently. The world's largest companies are currently exploring the opportunities offered by metaverse, and the well-known social media giant Facebook even changed its name to Meta. This text tells the reader what the term metaverse means.

02.12.2022

Blog: Web3 -The future of the internet

Web3 is a term that has also often been referred to as the future of the internet. What is Web3, and how does it relate to cryptocurrencies? This text introduces the development of the internet from its early days to the present day and explains why cryptocurrencies and Web3 will revolutionize the fundamental nature of the internet.

21.11.2022

Monthly report of October 2022

This monthly report reviews the most important cryptocurrency news in October. In particular, the report delves into Google's decision to accept cryptocurrencies as a payment method for its cloud services, BNY Mellon's cryptocurrency custody service, Mastercard's measures to promote the status of cryptocurrencies, and Cash App enabling bitcoin transactions on the Lightning Network.

04.11.2022

Monthly report of September 2022

This monthly report reviews the most important cryptocurrency news in September, focusing on the Ethereum Merge, the collaborations initiated by Chainlink and Polygon, the positive development of USDC, and the involvement of institutional players in the cryptocurrency market.

06.10.2022

Blog: Ethereum Merge

On 15 September, Ethereum faced the biggest update in its history when The Merge finally took place. Ethereum is currently the second largest cryptocurrency in the world. It can be described as an entire blockchain ecosystem where everyone can build various distributed applications (Dapp), smart contracts, and even own cryptocurrencies. The Ethereum Merge included several significant changes to the Ethereum blockchain, of which the most important will be closer introduced next.

19.09.2022

Finnish cryptocurrency company Northcrypto launches a Private Banking service

Finnish cryptocurrency company Northcrypto expanded its range of services and launched a Private Banking service for investors who value personal service. Initially, the service is available only to Finnish customers.

07.09.2022

Monthly report of August 2022

This monthly report reviews the most important cryptocurrency news in August and delves deeper into BlackRock's entry into the cryptocurrency market, Mastercard's cryptocurrency payments technology, and the approach of the Ethereum Merge.

05.09.2022

Northcrypto and the Ethereum Merge

Ethereum is moving from the Proof of Work (PoW) consensus algorithm to the Proof of Stake (PoS) consensus algorithm (the Merge) on September 15 according to the latest information.

30.08.2022

Blog: Capitulation, good time to invest?

Many have heard the saying, “When taxi drivers start giving investment tips, it’s time to exit the market,” but how do you know when is a good time to enter the market? Conversely, it could be concluded that the signal is when you no longer hear about investing from anyone. In capitulation, a large portion, especially of the amateur investors, exit the market due to bad investment experience, after which the selling pressure on the market eases and a new bull market can begin.

26.08.2022

Monthly report of July 2022

This monthly report reviews the most important cryptocurrency news in July and delves deeper into the tentative date of Ethereum Merge, the advances taken by Polygon, the report on USDC reserves, and Tesla's bitcoin sales.

02.08.2022

Blog: Correlation between cryptocurrencies and stock markets

Bitcoin and cryptocurrencies are often considered unique asset classes that do not closely relate to stock markets. How high is the correlation between cryptocurrencies and stock markets, and can cryptocurrencies offer diversification benefits to more traditional investment portfolios?

13.07.2022

Monthly report of June 2022

This monthly report reviews the most important cryptocurrency news in June and delves deeper into the problems of Celsius and Three Arrows Capital, the acceptance of cryptocurrencies as a payment method, and events related to the Ethereum Merge.

06.07.2022

Blog: How to survive a bear market

A bear market refers to market conditions where the value of investments declines for a prolonged period. Bear markets are mentally very taxing, which is why everyone who has invested in cryptocurrencies should have a plan ready on how to act in a bear market.

17.06.2022

Monthly report of May

This monthly report reviews the most important cryptocurrency news in May and delves deeper into the collapse of Terra's ecosystem, the progress of banks, and El Salvador's Bitcoin-related activities.

06.06.2022

Northcrypto expands its ownership base and strengthens its board

Northcrypto, a fast-growing cryptocurrency marketplace, expanded its ownership base and strengthens its board with two new members when the company appointed Jouni Hintikka and Aleksi Uusitalo to its board — Jouni Hintikka will also serve as chairman of the board.

16.05.2022

Blog: Dot-com bubble and cryptomarkets

Cryptomarkets have often been compared to the dot-com bubble. Is it a fair comparison, and can we learn something about cryptomarkets from the dot-com bubble?

09.05.2022

Monthly report of April

This monthly report reviews the most important cryptocurrency news in April and delves deeper into the legal status of cryptocurrencies, positive advances in Europe, and the increase of the Bitcoin Lightning Network use cases.

06.05.2022

Blog: What on earth is an NFT?

The NFT (non-fungible token) is one of the hottest topics in the cryptocurrency world right now. NFT is, in practice, a digital commodity on the blockchain. The NFT can represent any unique digital object imported to the blockchain. With the blockchain's help, it is possible to prove the ownership of NFT quickly and reliably. In the future, the opportunities offered by the NFT will be staggering, as it will allow almost any commodity to be brought on the blockchain. This text aims to tell the reader about the opportunities offered by the NFT and the technology behind it.

08.04.2022

Monthly report of March

This monthly report reviews the most important cryptocurrency news in March and delves deeper into news related to cryptocurrency legislation as well as mining and purchasing Bitcoin.

06.04.2022

Blog: Bitcoin security

There are many different factors involved in Bitcoin security and it depends on the actions of the various actors in the Bitcoin network. This text addresses issues related to Bitcoin security.

01.04.2022

Blog: What is staking?

The maintenance of cryptocurrency blockchains is called mining. The staking of cryptocurrencies differs considerably from mining performed with conventional mining equipment. Blockchain maintenance work is performed in staking instead of mining equipment by locking cryptocurrencies to blockchain maintenance work. The purpose of this text is to inform the reader about the staking of cryptocurrencies.

22.03.2022

Blog: Secure storage of cryptocurrencies

Safekeeping of cryptocurrencies is very simple at best, and the security of your own cryptocurrencies can be increased by quite simple means. This guide reviews things to keep in mind when storing cryptocurrencies.

11.03.2022

Blog: Watch out for these common cryptocurrency scams

Finnish police estimates that Finnish people lose tens of millions of euros to different investment scams yearly. Phishing for bank details is a common scam, but as cryptocurrencies have become more popular, scammers have started also using them more to lure victims. The aim of this post is to help identify common scams that involve cryptocurrencies and give good tips on how to avoid falling victim to them.

03.03.2022

Monthly report of February

This monthly report examines the most important cryptocurrency news in February and delves into banks' cryptocurrency plans and reports, new cryptocurrency purchases, and Ukraine's decision to raise cryptocurrency donations.

02.03.2022

Blog: DeFi glossary

DeFi (Decentralized Finance) is one of the essential entities in the cryptocurrency market. In short, DeFi refers to services familiar from traditional banks imported over distributed blockchains. This text aims to open to the reader the terminology related to DeFi.

09.02.2022

Monthly report of January

This monthly report examines the most important cryptocurrency news in January and delves into cryptocurrency news related to several countries.

04.02.2022

New cryptocurrencies and two-factor authentication added to our service

We have added Polygon and USDC as new cryptocurrencies to our service. It is possible to start trading in new currencies immediately. In addition to the new currencies, we have also added two-factor authentication (2FA) as an optional feature to our service.

01.02.2022

Blog: Aave and interest income in cryptocurrencies

Throughout time, people have sought to accumulate interest income on their wealth. Today, the importance of interest income is further emphasized as rising inflation erodes the value of wealth. By traditional means, such as depositing money in a bank account, it is now impossible to obtain an interest rate return that is higher than inflation. Thus, assets resting in bank accounts are constantly losing value. Fortunately, however, there is a solution, as cryptocurrencies also allow people to accumulate interest income. This text explains how it is possible to gain interest income using cryptocurrencies.

27.01.2022

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