What is BITCOIN? Is it the same as Cryptocurrency?
What is BITCOIN? Is it the same as Cryptocurrency?
Can you convert Bitcoin to Cash?If so how? Does Bitcoin have other cryptocurrency rivals? If so, who? How big is the Bitcoin market in dollars?
1. Which of the following are not cryptocurrency? A) bitcoin B) Ethereum C) Shuffle Coin D) None of the above
Question 3 (20 marks) a) Compare and contrast regular currency with cryptocurrency such as Bitcoin-tabulate and discuss six differences. (18 marks) b) Identify two underlying technologies that power the Bitcoin to guarantee its validity and trustworthiness. (2 marks)
Explain about Cryptocurrency such as Bitcoin, Ethereum and Ripple? How can this digital currency improve business transactions? Do you think the government should govern this?
The vast majority of the population associates Blockchain with cryptocurrency Bitcoin; however, there are many other uses of blockchain; such as Litecoin, Ether, and other currencies. In this discussion, please describe at least two cryptocurrencies with applicable examples. Discuss some similarities and differences. Lastly, discuss if you have any experience using any cryptocurrencies.
Bitcoin… Is it a bird? Is it a plane? No, it’s a …. According to the Collins dictionary, Bitcoin is “a system of open source peer-to-peersoftware for the creation and exchange of (payment in) a certain type of cryptocurrency” Transactions of bitcoin are verified and recorded in public distributed ledger called blockchain. Bitcoin is going through an identity crisis! The SEC treats Bitcoin as a security or money. FinCEN treats Bitcoin as currency. The IRS treats Bitcoin as property. The...
Please answer each with 4-5 sentences. Q8a. What is BitCoin? Who created BitCoin? Q8b. How do acquire BitCoin? Q8c. Can you use BitCoin to buy things? Q8d. Can BitCoin be taxed? Q8e. During the last year, BitCoin’s value went from $5000 to $20,000 in days and back down to $1200. Why is it so volatile? Q8f. Are there any other cybercurrencies? If yes, name them. Q9. Read up on blockchain. https://blockgeeks.com/guides/what-is-blockchain-technology/ There are other websites and videos explaining blockchain. Q9a....
Is there a connection between Bitcoin price fluctuation and the coronavirus? The market is connected to changes in the market that is why you see the Stock Market has hugely dropped. This stock as having gone down. Does the cryptocurrency work the same?
Case 19-6 Classification of Cryptocurrency Holdings Software Provider (the “Company”) supports and sells computer software. The Company accepts cryptocurrencies (e.g., Bitcoin, Ether, Ripple) as payment for the sale of its computer software. The Company holds its cryptocurrencies partially for investment (e.g., expectation that they will appreciate in value) and partially to use in the future to purchase goods or services. Cryptocurrency is a new type of value and payment method that is different from fiat currency (e.g., U.S. dollars and...