Money

Money is any item or data that is accepted as payment for goods and services in the country or any socio-economic context. Fiat currencies are currencies established as primary money in most jurisdictions.

Bitcoin and many other cryptocurrencies are mostly considered as a means of payment and sometimes considered as money in the Internet. However, there are only a few countries that accept it as a legal means of payment (like Japan) and some countries that ban using bitcoin and altcoins.

Is Bitcoin a real money? Is cryptocurrency money? Can Bitcoin be used to earn money? Does Bitcoin mining cost money? Will bitcoin replace money?

These and many other questions covered in the following articles on Coinidol.com:



The Land of Controversy: China Is Leading Cryptocurrency Market Despite the Hostility of Regulators
Feb 24, 2021 at 15:53
News
The Land of Controversy: China Is Leading Cryptocurrency Market Despite the Hostility of Regulators
China’s history on cryptocurrency is quite a controversial one. Most of the crypto users that became millionaires after 2017’s crypto-bubble were residing in China. The country’s mining pools dominated over 60% of the Bitcoin overall hashrate. Nevertheless, regulators are making every effort to stop the growth of the sector.
3 Main Principles Driving the Development of CBDC and Their Implications for Cryptocurrency
Feb 17, 2021 at 14:53
News
3 Main Principles Driving the Development of CBDC and Their Implications for Cryptocurrency
Many countries are shifting towards introducing their own state-backed digital currencies. Central banks are exploring the potential of CBDCs. But is this effort really a good move on the rest of private coins including Bitcoin, Ethereum, and XRP?
The Truth About Criminal Reputation of Cryptocurrency
Feb 16, 2021 at 15:03
News
The Truth About Criminal Reputation of Cryptocurrency
For long, there has been a misconception and false narrative surrounding the community of Bitcoin’s or any other cryptocurrency’s role in illicit operations.
Kenya’s Central Bank Decides to Use Bitcoin to Improve Economic Performance: Will this Yield Results?
Feb 15, 2021 at 12:58
News
Kenya’s Central Bank Decides to Use Bitcoin to Improve Economic Performance: Will this Yield Results?
Kenya, through its central bank, has lately announced a controversial move to employ bitcoin as a reserve currency in a bid to improve the country’s economic performance. However, whether or not this shift will serve the intended purpose remains a matter of debate.
Nuclear Weapons and Ballistic Missile Programs Get Funding from Cryptocurrency Stolen by North Korean Hackers
Feb 14, 2021 at 15:18
News
Nuclear Weapons and Ballistic Missile Programs Get Funding from Cryptocurrency Stolen by North Korean Hackers
Criminals commonly use cryptocurrency to carry out illicit activities such as money laundering, funding terrorism activities, buying and selling narcotics and many others. According to the new report by the UN, hackers have been attacking exchanges to steal the cryptocurrency and then use it to fund nuclear weapons development. North Korea is leading the game.
Millennials Are Getting Rich with Cryptocurrencies but Don’t Abandon Gold
Feb 12, 2021 at 14:20
News
Millennials Are Getting Rich with Cryptocurrencies but Don’t Abandon Gold
Millennials are turning to alternative investment options such as gold as a safe haven after their money was screwed by deep drops of the stock market in 2020. However, cryptocurrency is still their number one choice.
1 Reason Countries and Regulators Hate Bitcoin and other Cryptocurrency
Feb 10, 2021 at 16:17
News
1 Reason Countries and Regulators Hate Bitcoin and other Cryptocurrency
There are many countries and people that are embracing blockchain technology or using Bitcoin and other forms of digital currencies. But there are also those who don’t want to hear anything concerning the cryptocurrency business in their countries. What is the reason for such hostility?
Cryptocurrency vs Fiat: How Terrorists Use Various Kinds of Money to Fund Their Activities
Feb 09, 2021 at 16:01
News
Cryptocurrency vs Fiat: How Terrorists Use Various Kinds of Money to Fund Their Activities
Cryptocurrency is a powerful weapon used to overthrow governments. Terrorists are taking advantage of this new innovation in the finance industry. However, it’s not just cryptocurrency that is being used to facilitate terrorism activities; huge sums of fiat money transactions have been made worldwide to support the same act.
Cryptocurrency vs. Fiat: Drug Dealers Prefer Traditional Money to their Digital Alternative
Feb 05, 2021 at 15:13
News
Cryptocurrency vs. Fiat: Drug Dealers Prefer Traditional Money to their Digital Alternative
The cryptocurrency market is among the biggest unregulated sectors in the globe. Before the coming of digital money, drug dealers were using cash as the main means of making transactions. Now, things have changed a little bit. However, drug dealers still prefer using fiat than cryptocurrencies.
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