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:



Cryptocurrency vs Bank Cards: Who Will Win the Battle?
Jul 04, 2020 at 13:22
News
Cryptocurrency vs Bank Cards: Who Will Win the Battle?
In this changing financial and economic environment, people are being forced to switch to cashless payments. Although most prefer to use traditional banking cards, some people prefer alternative means such as cryptocurrency. In fact, the interest in the latter is steadily growing, making users speculate it might replace bank cards over time.
Crypto Newbie: 5 Reasons People Lack Trust in Bitcoin
Jun 28, 2020 at 09:02
News
Crypto Newbie: 5 Reasons People Lack Trust in Bitcoin
Despite the interest in bitcoin as well as other cryptocurrencies has grown rapidly, there are still lots of people that are cautious about it. While faithful adepts of the crypto industry argue that cautiousness is caused by the lack of awareness, there might also be other reasons for the lack of trust.
Hackers are Stepping Up the Pace of Hacking Cryptocurrencies. Protect Your Safety
Jun 25, 2020 at 08:15
News
Hackers are Stepping Up the Pace of Hacking Cryptocurrencies. Protect Your Safety
Despite all the efforts of cyber security experts who are constantly developing and applying new ways to protect the data of companies and users, hackers continue to increase the pace of their malicious activity. Of particular interest to cyber criminals is everything related to money and, in particular, to cryptocurrencies.
Australians Lose Big to Cryptocurrency Scams, over $2 Billion in a Decade
Jun 23, 2020 at 13:07
News
Australians Lose Big to Cryptocurrency Scams, over $2 Billion in a Decade
Australians seem to be very vulnerable to fraudulent money-stealing schemes. In 2019 alone, the continent citizens lost over $634 million to cryptocurrency scams, with over $2 billion stolen during the past decade.
Around $2 Million Lost to a Scam Featuring a Bitcoin Giveaway from Elon Musk
Jun 21, 2020 at 13:03
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Around $2 Million Lost to a Scam Featuring a Bitcoin Giveaway from Elon Musk
It seems scams involving celebrities are gaining traction. Another scheme involving a fake giveaway from Elon Musk harvests millions from unsuspecting victims.
Crypto Newbie: What Is Bitcoin and How Exactly Does It Work?
Jun 21, 2020 at 11:43
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Crypto Newbie: What Is Bitcoin and How Exactly Does It Work?
Today, it is very difficult to find at least a single person in this wild world that hasn't heard of Bitcoin. Nevertheless, there are not many people who actually realize what this coin is.
There Might be a War Between Cryptocurrency and CBDC if the Latter is Widely Adopted
Jun 19, 2020 at 10:50
News
There Might be a War Between Cryptocurrency and CBDC if the Latter is Widely Adopted
As the world becomes increasingly digital, more and more people turn their attention to cryptocurrencies. In fear of fiat money being replaced, governments and central banks are looking to create their own digital currency. However, as their plans will be implemented, the world might face a full-scale financial war between centralized and decentralized technologies.
College Students Could Become the Next Big Crypto Billionaires
Jun 18, 2020 at 09:52
News
College Students Could Become the Next Big Crypto Billionaires
If you ever thought college students would have to wait until they graduate before they are loaded, then you are wrong. Today’s university students are investing heavily in crypto ventures. In fact, cryptocurrency might make them billionaires even before they graduate.
The Billion Coin Scam Leaves Investors’ Funds in an Unclear Future
Jun 17, 2020 at 09:25
News
The Billion Coin Scam Leaves Investors’ Funds in an Unclear Future
A lot of cryptocurrency users, especially new investors have been scammed left right and center to invest their funds in fake projects related to digital currencies. There is an ongoing cryptocurrency project called “The Billion Coin” that has or continues to milk massive profits from innocent investors.
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