Bitcoin providing a decentralised solution to money

December 2, 2019

Understanding Bitcoin Loans: A Comprehensive Guide

Bitcoin is a digital currency that differs significantly from traditional currencies like the USD or EUR, which are backed by specific countries. Unlike stocks, Bitcoin is not tied to any physical asset; instead, it relies on a decentralized technology known as blockchain.

What is Blockchain?

The blockchain acts as a digital ledger, maintaining secure records of Bitcoin transactions and balances. With thousands of computers validating and recording transactions, the system is highly resistant to fraud. Hacking the blockchain would require controlling a majority of these computers, making it nearly impossible.

How Bitcoin Loans Work

Bitcoin offers users full control over their funds, a feature not always available with traditional financial products. If you need a loan, Bitcoin can be used as collateral. Here’s how you can take out a Bitcoin loan:

Apply Online: Choose an online service that offers Bitcoin loans. Provide details about your Bitcoin holdings and complete an application.
Collateral and Disbursement: Once approved, you’ll need to send your Bitcoin as collateral. After receiving the collateral, the loan amount will be deposited into your account. Loan amounts can range from $10,000 to $100,000, with some services offering up to $1 million.
Collateral Value: If the value of your Bitcoin collateral drops significantly, you may need to add more collateral to maintain the loan value.

Advantages of Bitcoin Loans

No Credit Check: Bitcoin loans do not require a credit check, making them accessible even if you have a poor credit score. This is in contrast to traditional options like a bad credit car loan, which often involves stringent credit requirements.
Low-Interest Rates: Interest rates typically range from 1% to 8% per month.
Global Accessibility: You can apply for a Bitcoin loan from anywhere in the world.
Flexible Repayment: Loans can be repaid in EUR, USD, or BTC, and are available for terms from 6 weeks to 5 years.
Privacy: Bitcoin transactions are private and secure, reducing reliance on traditional financial institutions.

Why Consider a Bitcoin Loan?

Bitcoin loans offer several benefits, including privacy and lower fees compared to traditional financial services. Unlike conventional loans, Bitcoin transactions are digital and can be completed without the need for intermediaries.

This efficiency often translates to lower costs for the borrower.

Additional Financial Tips

If you have a poor credit history and need a loan, there are still options available. Start by checking your credit report to understand your standing and identify areas for improvement. Improving your credit score can enhance your chances of securing loans in the future.

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For significant purchases like cars, some companies specialize in loans for individuals with bad credit or bankruptcy histories. You may need to provide proof of income and complete a questionnaire about your employment situation.

Conclusion

Bitcoin provides a unique alternative to traditional financial systems, offering more control and privacy. Whether you’re considering a Bitcoin loan or looking to improve your credit for other types of loans, understanding your options is crucial for making informed financial decisions.

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Rugby Themed Webby Heroes Becomes a Hit at BitcoinCasino.io

December is a special month for rugby fans, with the World Cup taking place in Japan. Unsurprisingly, a host of top rugby games can now be played at internet betting casino sites across the net. Not only has the event seen rugby slots creep back into popularity, but it has also seen the launch of a handful of new ones. One such new release which will be making its debut this month is Webby Heroes. Designed and developed by little-known Platipus, the online slot will be made available to play at the leading cryptocurrency betting site, BitcoinCasino.io this month. No Better Time to Debut Than Now There is no better time for rugby slots to make their debut than during the Rugby World Cup, which right now is taking place in Japan. A sudden flurry of interest has worked wonders for Platipus. Not only has the event sparked interest in Platipus’ Webby Heroes slot, but it has also caused an increase in awareness of the little-known software developer itself. Bitcoin Casino.io Hosts Sports-Themed Slots The launch of the sports-themed slot is not a first for BitcoinCasino.io. There are numerous other sports slots housed at the Bitcoin-accepting casino. A handful of other rugby-themed slots from providers have also risen in popularity throughout the Rugby World Cup. Players at Bitcoin Casino.io have been regularly playing Virtual Rugby, Rugby Star, and the Rugby Riches slot, as well as the newly launched Webby Heroes slot. Lining Out Webby Heroes The latest release to debut in the genre is played over five reels and thirty lines. Platipus has seen fit to incorporate a non-progressive jackpot worth 240,000 coins in the game, which will cost players between 0.30 and 0.60 a spin to play. A varying number of teams and crests appear on the reels (none officially licensed) to give the impression of a rugby game that also has superhero qualities spread throughout its reels. A handful of special features will keep slot players entertained. The free spin bonus round in the release serves up a theoretically unlimited number of free spins with 2x multipliers doubling any wins that occur. There is also a sliding expanding wild worked into the design of the round to make things easier for slot players to land a win. About Platipus Bitcoin Casino.io is set to be one of the first domains to receive the Webby Heroes slot. The game comes from Platipus, which is a UK casino software provider that develops games using HTML5 and has done so since 2010. Other notable features of Platipus games include lightweight infrastructures that load speedily, a wide range of special features, and creative and innovative graphics. As well as the new Webby Heroes slot, Platipus also serves up Fruity Sevens, Mega Drago, and the new Chinese Tigers slots. Other notable additions at the Bitcoin-accepting casino include Crocoman, Arabian Tales, and the Legend of Atlantis slot game. Media contact: Eveline Johnson Read more at globalcoinreport.com
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What is blockchain technology and how does it work?

By using decentralization and cryptography hazing, Blockchain, commonly called Distributed Ledger Technology, renders its history unalterable and visible in any digital asset. A Google Doc is an easy comparison to comprehend blockchain technology. The document is disseminated instead of copied or transferred if we produce and share it with a group of individuals. This establishes a decentralized distribution channel, which simultaneously allows everyone to view the document. Nobody is locked off waiting for updates from another side, but all changes to the Doc are logged and transparent in real time. A blockchain is a distributed ledger that saves encrypted data blocks and then connects them to build a chronological one-source data truth. The asset is decentralized, providing complete public access in real-time and transparency. Instead of transmitting or copying digital assets, an immutable record of an asset will be provided. The inherent security safeguards and public records of Blockchain make this a premier technology for nearly every industry. A transparent change directory retains the document’s integrity, creating confidence in the asset. Decentralization is one of the main ideas of blockchain technology. The chain cannot be owned by any computer or entity. It is a distributed directory rather than a chain-connected node. Nodes can be a type of electrical equipment that keeps blockchain copies alive and keeps the network working. Each node has its blockchain copy, and the network has to accept a method for updating, trusting, and verifying a newer mined block to the chain. Each activity in the ledger is easily verifiable because blockchains are transparent. A single alphanumeric number showing your transactions is assigned to each participant. Music files, contracts, event tickets, or even medical information for patients may be tokens. More recently, all the rage has arrived for Non-Fungible Tokens (NFT). NFTs are unique tokens that hold digital material on a blockchain basis (like video, music, or art). Each NFT will be able to certify that the digital media item has authenticity, history, and exclusive ownership. NFTs have grown popular because they can buy and sell their products, while receiving adequate credit and a fair part in earnings, through a new wave of digital developers. Through a process called mining, miners produce new blocks on the chain. Every block in a blockchain has its distinct nonce and hash and refers to the previous chain block hash, so it is not simple to mine a block, particularly on big chains. Miners utilize special software to solve the very hard mathematical problems of getting an acceptable hash. Since the nonce is only 32 bits and the hash is 256, about four billion potential nonce-hash combos must be mined before the correct combinations are identified. If so, miners are believed to have found the “gold nonce” and the block to the chain has been added. Each chain contains many blocks and three fundamental components for each block: If a block is produced, a block header hash is generated. A hash number is a 256-bit number married to the nuncio. It must begin with an enormous amount of zeros (i.e., be extremely small). A whole 32-bit number is termed a nonce. The nonce is produced randomly. The block’s data. Once the first block in a chain is established, the cryptographic hash is generated. The contents in the block will be regarded as signed and always linked to the nonce and hash unless mined. To alter a block in the earlier chain, it is necessary not only to remove the block with the modification but all the blocks that follow. That’s why the manipulation of blockchain technology is so tough. Consider it as ‘safety in mathematics,’ as it takes huge time and computational effort to locate the golden nonce. If a block is successfully mined, all the nodes in the network accept the change, and the miner is monetarily compensated. The open-source chain (oschain) is the world’s first blockchain technology-driven IP marketplace. OSCHAIN appreciates stakeholder participation by mint tokens and constructive community conduct improves token value. This crystalized expertise may be trained, shared, traded, and further developed by engineers, IC designers, and hardware producers and rewarded with symbolic appreciation. Read more about oschain and blockchain technology at oschain.io.
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River Secures Over $800 Million Worth of Bitcoin, Launches Proof of Reserve

In a significant move aimed at restoring trust in the cryptocurrency industry, River, a leading U.S. Bitcoin exchange, has launched River Proof of Reserves. This initiative is designed to provide clients with verifiable proof that their Bitcoin holdings are fully reserved, setting a new benchmark for transparency following the recent failures of high-profile exchanges like FTX. The Importance of Transparency in the Crypto Space The collapse of exchanges such as FTX has left many consumers wary about the security and integrity of cryptocurrency platforms. With billions of dollars in losses, the need for increased transparency and accountability has never been more crucial. River’s introduction of Proof of Reserves addresses these concerns directly, allowing clients to verify that their assets are not only held securely but also completely backed by the exchange’s reserves. Alex Leishman, CEO of River, emphasized the initiative’s significance, stating, “River Proof of Reserves is about more than verifying our balances; it’s about reinforcing River’s commitment to integrity and long-term client trust.” This commitment to transparency is vital as it seeks to build unshakable trust with clients who have been impacted by the volatility and uncertainty in the crypto market. A Closer Look at River Proof of Reserves River Proof of Reserves allows clients to independently confirm that River holds their Bitcoin in full reserve, secured in multi-signature (multi-sig) cold storage. Multi-sig technology adds a layer of security, requiring multiple keys to authorize transactions. This approach ensures that funds are not only safeguarded against unauthorized access but also that the exchange operates transparently. Currently, River secures over $800 million worth of Bitcoin for its clients. The company’s innovative feature enables users to verify their holdings through a straightforward process, reinforcing their confidence in the exchange’s operational integrity. Leishman pointed out, “We’re leading by example by proving every month that your Bitcoin is exactly where we say it is.” By committing to regular transparency updates, River aims to inspire other exchanges to adopt similar practices, further enhancing trust across the entire industry. The Ripple Effect of Enhanced Transparency The introduction of Proof of Reserves is not just a win for River and its clients; it has broader implications for the entire cryptocurrency ecosystem. Increased transparency can help prevent practices like fractional reserve banking, which has historically led to bank failures and economic instability in the fiat system. By ensuring that Bitcoin exchanges maintain full reserves, the risk of destabilization due to excessive leverage can be significantly reduced. If more exchanges follow River’s lead and demonstrate their full reserves, it could restore faith in intermediaries within the cryptocurrency space. This restoration of trust is essential for the long-term growth and stability of the market, encouraging more users to engage with Bitcoin and other digital assets confidently. Building a Trustworthy Future Leishman’s call for industry-wide adoption of transparency standards resonates with a growing sentiment among cryptocurrency advocates. As the market matures, the emphasis on security, accountability, and customer trust will play a pivotal role in shaping the future of digital asset exchanges. By creating an environment where users feel secure in their investments, the industry can attract more institutional and retail investors alike. Moreover, increased transparency can lead to enhanced regulatory scrutiny, ultimately benefiting the market. Regulators are becoming more interested in ensuring that exchanges operate within clear guidelines, which can foster a healthier, more competitive landscape. As exchanges adopt practices like Proof of Reserves, they not only comply with regulatory expectations but also position themselves as leaders in a rapidly evolving market. Looking Ahead: The Future of Bitcoin Exchanges As River sets a new standard with its Proof of Reserves initiative, the expectations for cryptocurrency exchanges are shifting. Clients are no longer content with vague assurances about their asset security; they demand verifiable evidence of reserves and operational integrity. In this context, the role of technology becomes paramount. Innovations in blockchain technology can provide real-time transparency and traceability, allowing clients to verify their holdings instantly. Future developments may include automated systems that continuously monitor and report reserve levels, further enhancing trust and reliability. As the industry continues to evolve, we can expect more exchanges to adopt similar transparency measures. This movement could pave the way for a new era of trust and accountability in the cryptocurrency space, encouraging widespread adoption and legitimizing Bitcoin as a viable asset class. The Impact on Bitcoin Adoption In addition to fostering trust among existing users, increased transparency can have profound implications for Bitcoin adoption. As consumers become more confident in the security of their investments, they may be more likely to engage with Bitcoin, whether through trading, investing, or using it for everyday transactions. Moreover, as institutional investors increasingly recognize the importance of transparency and security, they may be more inclined to allocate resources toward Bitcoin and other cryptocurrencies. This influx of institutional capital could drive up demand, potentially leading to higher valuations and further legitimizing Bitcoin as a mainstream asset. Conclusion: A Step Towards a Secure Future River’s launch of Proof of Reserves marks a pivotal moment for the cryptocurrency industry. By prioritizing transparency and accountability, River is taking significant steps to rebuild trust among clients and the broader market. As other exchanges take note and adopt similar practices, we could witness a transformation in how digital assets are perceived and managed. In the face of past challenges, River is leading by example, setting a high bar for operational integrity and client trust. As the industry continues to navigate the complexities of a rapidly changing landscape, initiatives like Proof of Reserves will play an essential role in fostering a secure, transparent, and trustworthy future for Bitcoin and cryptocurrency exchanges overall. bitcoinmagazine.com
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How Hackers Access Crypto Wallets: 3 Things to Know

With digital currency, you can directly send and receive money while encrypting your transactional data. But your digital wallet should have an extreme level of security to be inaccessible to hackers. How can cybercriminals steal your digital assets, and what can you do to protect yourself? Phishing Phishing is a kind of attack in which the victim himself hands over sensitive information and gets scammed. It can happen by the falsification of legit websites to make them look like original and authentic websites. Those fake websites will have a domain name similar to the authentic and relevant websites. The hackers will pretend to have an interest in the exchange of cryptocurrency. The target can also receive “confirmation emails” that are linked with fake crypto websites. When the potential target enters his details, the authentication data will be stolen from him. Therefore, check the domain spelling and SSL certificate before entering your sensitive information. Malware Now, various versions of malware are used by hackers to infect target operating systems. Hackers send keyloggers to target devices to steal their crypto wallet passwords and other personal information. Some viruses detect the copied cryptocurrency addresses. Those addresses are swapped with the wallet addresses of hackers. If the interchange turns out successful, the cryptocurrencies of the target person go to the unintended address controlled by the hacker. Moreover, the technique of cross-scripting injection into web pages results in the stealth of noticeable information. When the user enters the infected website, he is redirected to the malicious website that steals the user’s information. It’s important to use a crypto wallet with an extreme level of protection, such as Crypterium, to keep your assets safe. Stealth of Secret Keys The performance of financial operations in cryptocurrency depends on the pair of keys. There are two keys: Public Key and Private Key. The private key is only accessible to the user. It is used to authorize all the digital transactions of cryptocurrency. Whereas the public key is used to confirm the authenticity of a private one. The private key is present in the wallet of the target person. If he loses access to that key, he cannot use his assets no matter what. If someone retrieves the private key, he can transfer all the money into his account. Since the crypto transactions are not traceable, the victim will never find any source, and all the money will be lost. Therefore, hackers use all the possible ways to access the private key, starting from the applications having spelling checkers and browser extensions. Hackers also take advantage of the common system vulnerabilities to access the key. The most vulnerable key is the one that is connected to the internet and running on a centralized system. Moreover, secure wallets are the ones with separate hardware devices without any internet connection.
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Best of the Golden Pokies Review

Golden Pokies is a new casino that accepts players from Australia and other countries. It was launched in February 2020. The casino offers an enjoyable gaming experience in a safe and secure environment. Check out the golden pokies review to get detailed information on the pokies. Games Golden Pokies Casino is not licensed. The casino offers a variety of games from many well-known providers, including Betsoft, Booongo, Playson, and others. Golden Pokies Casino offers categories for everyone to find their preferred option quickly. There are video games, slots, live casinos, jackpots, among other trendy gaming alternatives on the site, all with a high Return To Players (RTP)! Promotions and VIP Club Golden Pokies casino has great promotions for new and existing players: Welcome Bonus: On your first deposit of $20, you can get up to $2,500 in bonuses and 100 spins. The first offer requires a deposit of $20; the second and third offers require a deposit of $30. Pot O’ Golden Spins: With this deal, you may get up to 150 free spins every day of the week, from Monday to Friday. If you make a $30 qualifying deposit, the casino will give you 30 free spins on Hot Spins Deluxe. You can use this offer up to five times each day for a total of up to 150 free spins per day or 750 free spins every week! Gold Olympics: This is a weekly offer in which you may earn up to $1500 in bonuses every day from Monday to Friday. Each day, make a minimum deposit of $30 to receive a 30% bonus up to $300. You can use this promotion up to five times each day, for a total bonus of up to $1500 every day. High Roller Bonus Party: Golden Pokies rewards high rollers with this fantastic promotion, which provides you up to $2000 on every deposit you make from Monday through Sunday. The cashout for the bonus depends on how high the deposit is. 24-Karat Weekend: The 24-Karat Weekend promotion rewards you with a combination of a match bonus and free spins for weekend deposits. The promotion is available every Saturday and Sunday. Golden Pokies VIP Club For its devoted players, Golden Pokies Casino features a wonderful VIP Club. The following are the tiers of this multi-level program: Bronze Silver Gold Mobile Casino Gaming Golden Pokies casino is brand new. It uses cutting-edge technology to provide a wonderful mobile version for players who prefer to play on the go. The mobile casino is compatible with Android and iOS devices. Thanks to the responsive design interface, all page elements realign themselves to fit on your home page. Payment Method Golden Pokies has a limited selection of payment methods. Visa, Neosurf, MasterCard, and bank transfer are all accepted deposit and withdrawal methods. Contact Support Contact the Golden Pokies support team if you require assistance or clarification. There are two options available; but, Live Chat is the preferable technique. Once you’ve signed up, you’ll have access to the 24/7 Live Chat. It has a quick response time, even faster than email. Email is the most common method of contacting the support team. You can send your questions to support@goldenpokies.casino and expect a response within a day.
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Bitcoin providing a decentralised solution to money

Understanding Bitcoin Loans: A Comprehensive Guide

What is Blockchain?

How Bitcoin Loans Work

Advantages of Bitcoin Loans

Why Consider a Bitcoin Loan?

Additional Financial Tips

Conclusion

Like it? Share it with your friends!

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