Make no bones about it, when it comes to digital currencies, there are quite a few risks attached. As much as mainstream media and governments want to blow these risks out of proportion, there is a certain truth to what they are saying. But don’t be mistaken in thinking that digital currencies present more risks than any other type of investment.
The major focus for Bitcoin and blockchain technology has been on the financial aspect over the past few years. This focus stems forth from the Bitcoin price volatility that was marked by its highest price point in 2013 and has gone down ever since. But we are losing track of what blockchain technology will allow us to do, assuming it is executed properly.
The Next Development Revolution Hailing From London?
London, England has been the financial capital of the world for quite some time now. It should come as no surprise then to find out that London is also attracting quite a lot of Bitcoin-related companies and developers. After all, any decent project will need proper funding, and what better place to secure that funding than the financial capital of the world?
More and more Bitcoin-related conventions are making their way to Europe as of late, which could be very beneficial for digital currency adoption on this continent. Alt Convention Conference, an event aiming to bring Bitcoin, blockchain technology, and FinTech to Batumi, Georgia, will be the place to be in October of 2015. And with over 350 tickets sold already, there is no better time than now to get your early bird discount!
Bitcoin is a hot topic throughout the United Kingdom these days it seems. Not only are Bitcoin payments now enabled for businesses residing in the Isle of Man, but a recent event in Newport, Wales allow for a spotlight on blockchain technology. Bitcoin Wales has sent us their official report about this event, so let’s see how things went.
Digital 2015 at Celtic Manor
Some of our UK readers may have heard the name Digital 2015 before, as it is an annual Fintech event taking place in Wales. The goal for this event is rather simple to explain: bringing digital inspiration and innovation to the world. This year’s Digital event welcomed over 1,300 people from all aspects of the digital economy, making it one of the most popular events in the sector.
News reached us during our stay here in London about the EBA and France’s crackdown on Crypto exchanges. This action comes after the European Banking Authority launched a very biased and negative report, read report not a law, about digital currency.
EBA says digital currency is high risk. Every financial product has a certain amount of risk that accompanies that product. One of the managers of Deutsche bank in Belgium told us months ago that “ Every financial product that gives more than an average return or interest on someone’s invested capital is always at risk and isn’t covered or “secured’ by the banks.
In recent days, we received a lot of questions on how to get the maximum out of Crypto. Is it investing in Crypto companies, day trading or buying collectibles and/or antiques on the fairly new auction houses that have sprung up? We will provide some pointers
· Investing your digital currency in Crypto companies/startups.
This is a great way to help the Crypto community because you are helping getting a company to launch. There are such great ideas out that that, with some good funding, will turn out spectacular. If you consider investing than there can be several options open to you to get your investment back plus extra profit.