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Which Countries Embrace The Crypto & Blockchain Technology

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Blockchain began in 2013 and reached its all-time high in 2017. Blockchain is seen as the most important form of technology because without it bitcoin is unable to function. Blockchain has contracts within its system and data exchanges of which are presented in a cryptographic form. Bitcoin, as well as other cryptocurrencies, make up only one application to blockchain. The International Monetary Fund has even begun exploring ways to make use of the blockchain technology in terms of their own trading as well as special drawing rights. The blockchain innovation is being led by some surprising countries such as:

Dubai:

Dubai has been aiming to become the forefront of blockchain with their goal to implement 20 blockchain initiatives in 2018. The Dubai government supports the modernization of applying blockchain services in several sectors.

United Kingdom:

Since as early as 2016 the UK government had strategies to make use of blockchain in order to reduce the rate of fraud and corruption. Innovate UK, which is the UKs technology development agency provided £248K GBP towards the blockchain startup to develop a world-wide solution for financial transactions. This type of behavior has encouraged online gambling technology providers like FunFair to embrace the technology.

Japan:

In Japan theres a person or group of people who are seen as the founding members of the development of a protocol of cryptocurrency and that they developed the original software where the blockchain code was applied. Japan is the only country which has been able to implement a system capable of adapting to cryptocurrency transactions.

With regards to cryptocurrency, we usually think of Bitcoin. It is the most popular type of cryptocurrency which enables financial transactions between people without a middleman. In countries all over the world, different governments apply different approaches of implementing cryptocurrencies. Bitcoin has created not only lower costs for the use of financial services but also has created a more efficient system. Bitcoin is owned by people and not by companies or government thus provides owners with more control and freedom which is more beneficial to them. Many countries have started to adapt and implement the ground-breaking technology that is bitcoin, such as:

United States:

The US consists of the most people in the world who use cryptocurrency and in terms of the number of people trading bitcoin. The US is seen as having a supreme financial status therefore many nations look to them for guidance in terms of cryptocurrency. They also have the highest number of Bitcoin ATMs and Bitcoin trading volumes internationally.

Chile:

In 2015 the Chile citizens were able to purchase Bitcoin with pesos through funding from the Chilean government. The Chilean government had goals to convert their country into a modern and entrepreneurial nation.

Italy:

In Italy tax authorities have adopted Bitcoin as a form of financial exchange. Sales that are paid for through Bitcoin are exempted from Vat. Italian tax authorities charge income tax on Bitcoin based on the manner that it was used.

Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Global Coin Report and/or its affiliates, employees, writers, and subcontractors are cryptocurrency investors and from time to time may or may not have holdings in some of the coins or tokens they cover. Please conduct your own thorough research before investing in any cryptocurrency and read our full disclaimer.

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Bitcoin

Basic Guide on How to Spend Bitcoin and Other Cryptocurrencies

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In recent years, Bitcoin and other cryptocurrencies have entered more into the mainstream. Most people walking down the street have at least heard of Bitcoin. While a lot of people got involved in the buying and selling of cryptocurrencies to try and make a quick buck, most people who are enthusiastic about the world of blockchain are in it for the long haul. 

These are usually the people who are going to be more likely to actually use their Bitcoin and other cryptocurrencies as a payment tool and not just as a storage of wealth or a trading tool. This guide looks at a few different ways in which you can use your Bitcoin in spending capacity. 

Crypto Debit Cards

Perhaps the easiest way for you to spend your cryptocurrency is by linking up your holdings to a debit card. 

These days, many of the leading card providers such as MasterCard and Visa have these types of crypto-linking debit cards. These cards can be used just like you would a normal debit card that is linked to your fiat currency bank account. 

Naturally, the most popular type of crypto debit card is going to be for Bitcoin, but there are other cryptocurrencies catered for also. 

Prepaid Cards

There…

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Hybrid Bitcoin Casinos or Bitcoin-Only Casinos – Which Are Better?

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The rise of cryptocurrencies over recent years has had an impact on several industries. Gambling is one such industry, and many of the best online casinos offer Bitcoin as a payment method

Some of these casinos work exclusively with cryptocurrencies, while some are more traditional gambling sites that simply have integrated crypto on top of their fiat options.

This post will take a look at the advantages of joining a Bitcoin-exclusive casino on the web versus picking a hybrid one.

Advantages of Hybrid Bitcoin Casinos

Let’s start with the hybrid Bitcoin casinos. Usually, those are traditional gambling platforms that have been around for a long period of time. 

They offer classic payment methods such as Visa, PayPal, Skrill, and similar. At some point, they decided to add Bitcoin and potentially other cryptocurrencies to their portfolio. 

If you decide to join an online casino of this type, you will be able to enjoy the following benefits.

Lower Risks

Such online casinos often have a strong reputation and are licensed by respected gambling commissions such as the UK Gambling Commission, the Malta Gaming Authority, and similar regulators.

They are known for protecting the customers and monitoring all actions…

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Is Bex500 an alternative to BitMEX?

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An all around review of Bex500

Bex500 is a young but rapid-growing exchange, less adversarial than BitMEX, but with higher leverage than Binance, Bex500 has enough strings to attract many crypto traders. 

Those dissatisfied with the old exchange, may find Bex500 exchange with a stable system with no manipulation or “overload”, pleasant UX, user-friendly tool kits, and around-clock customer service.

Bex500 says they are making crypto margin trading “easier” and giving you a better return. 

Can they really achieve that? We conduct a comprehensive review as below to see if it is a trustworthy exchange

Question 1. What features does Bex500 have?

Bex500 offers perpetual BTC futures as well as three other cryptos including ETH, XRP and LTC, all paired against USDT. You may find Bex500 doing a good job aggregating most important features traders need for a robust trading experience with better return.

-A fair trade with no overload

Many traders are familiar with “overload” problem, which disables placing orders in peak trading times. It is suspected to be insider manipulations by exchanges which can cost users entire portfolios.

Bex500, with its unmatched TPS (claimed to be over 10,000 orders per second), ensures that the trading…

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