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:



Coronavirus Causes Cryptocurrency Community Growth
Sep 16, 2020 at 12:44
News
Coronavirus Causes Cryptocurrency Community Growth
The interest in cryptocurrency seems to grow as new people join the community. Compared to other communities, the cryptocurrency ecosystem is a relatively nascent community because the first cryptoasset was launched in January 2009, meaning that it is just over one decade into existence.
People’s Bank of China: Digital Yuan Will Be a Form of Local Currency
Sep 15, 2020 at 13:00
News
People’s Bank of China: Digital Yuan Will Be a Form of Local Currency
When released, China’s Central Bank Digital Currency (CBDC) might replace fiat yuan in circulation. At least, that was what Fan Yifei, the Deputy Chairman of the People’s Bank of China (PBoC), stated in his article published at Financial News local outlet.
Famous Rapper Fined for Endorsing Fraudulent ICO
Sep 14, 2020 at 12:21
News
Famous Rapper Fined for Endorsing Fraudulent ICO
While scammers take advantage of celebrities’ names without them knowing about this, some of the stars willingly take part in fraudulent projects. Thus, a famous US rapper known as T.I. agreed to pay a fine amounting to $75,000 for promoting a fraudulent ICO.
6 Tips for Avoiding Losses When Trading Cryptocurrency
Sep 13, 2020 at 11:54
News
6 Tips for Avoiding Losses When Trading Cryptocurrency
Any business carries a risk and so is cryptocurrency trading. The digital currency market is volatile, so a trader has to come up with a calculative approach to use in leverage trading.
6 Reasons to Invest in Bitcoin in 2020
Sep 04, 2020 at 12:33
News
6 Reasons to Invest in Bitcoin in 2020
Cryptocurrencies including Bitcoin (BTC) are just one decade old but they have proved to be one of the major profitable investment alternatives in the world.
Binance Fails to Prevent Hackers from Laundering Stolen Cryptocurrency Funds
Aug 26, 2020 at 14:53
News
Binance Fails to Prevent Hackers from Laundering Stolen Cryptocurrency Funds
Hackers use Binance cryptocurrency exchange to launder stolen money. As per the report by the federal Bureau of Investigation (FBI), a principal federal law enforcement agency, ransomware dubbed Ryuk has been used since its creation in 2018 to steal cryptocurrency worth $61 million.
Ukrainian Cryptocurrency Market is Attractive for Money Launderers Due to Weak Regulations
Aug 20, 2020 at 11:58
News
Ukrainian Cryptocurrency Market is Attractive for Money Launderers Due to Weak Regulations
Ukrainian cryptocurrency market is under-regulated and therefore attractive for those wishing to take advantage of it for criminal purposes. Recently, law enforcers exposed a gang that has laundered about $42 million using cryptocurrency.
The US is Hunting Down Terrorists: $2 Million Seized in Cryptocurrency
Aug 14, 2020 at 15:23
News
The US is Hunting Down Terrorists: $2 Million Seized in Cryptocurrency
The US law enforcers go on with their campaign against terrorism financing. Now, they have blocked and confiscated around $2 million worth in cryptocurrency from accounts allegedly involved in terrorism financing.
Crypto vs Stocks: What Brings More Return on Investment?
Aug 14, 2020 at 08:34
News
Crypto vs Stocks: What Brings More Return on Investment?
Investors are constantly looking for ways to make more money year in year. However, today's venture capitalists are caught in the confusion of which assets to put their money in. The debate investors are faced with now is choosing between traditional finances and crypto-assets or both.
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