Blockchain and Crypto Blog

Ivan on Tech Academy provides latest insights and reports about the blockchain industry.

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Bitcoin and Banks - Exploring Banks' Current Relationship to Bitcoin

Written By Ivan on Tech

Jan 22, 2021

It can seem like only yesterday banks and traditional financial institutions were tripping over themselves trying to bring down crypto. For several years, Bitcoin has repeatedly been declared a scam, a Ponzi, and a bubble. Yet, here we are in the year 2021. Bitcoin and banks are becoming increasingly intertwined as the legacy system finally looks to be embracing blockchain technology. As a result, we’re beginning to see a rise in crypto-friendly banks globally.

Despite Bitcoin historically posing a threat to banks, it appears that banks are looking for new avenues to stay relevant. Facing economic turmoil, many central banks are experimenting with central bank digital currencies (CBDCs). China, Canada, and parts of Europe have already accelerated this transition. Now, even global finance laggards are starting to take notice. The rise of crypto-friendly banks hints towards potentially improved regulation within the industry. Furthermore, it shows great promise for the future...

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Janet Yellen and Bitcoin - The Treasury Secretary and Crypto

Written By Ivan on Tech

Jan 21, 2021

Late last year, after much ado, the United States' presidential election process was finally formalized, and Joe Biden was declared the victor. On January 20th of 2021, Joe Biden was formally sworn in as the 46th President of the United States. As expected of any new president, several changes are to be made where the commander-in-chief appoints new cabinet members. Some of the most vital positions Biden will need to fill are those of Secretary of State, Secretary of Defense, and - most importantly when it comes to the future of Bitcoin and crypto in the US - Secretary of the Treasury. What’s more, Biden has nominated Janet Yellen to become the next US Secretary of the Treasury. Nevertheless, according to Janet Yellen Bitcoin and cryptocurrencies are far from the future of the financial system. So, what consequences might this have on the wider cryptocurrency market, and how is she likely to treat crypto and Bitcoin under Biden?

Although Yellen is only nominated at this...

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What's Next After Bitcoin's 2020 Bull Run - A Bitcoin Bull Run in 2021?

Written By Ivan on Tech

Dec 23, 2020

As you may already know, Bitcoin has recently smashed all-time-highs and is making a name for itself in a big way yet again. With more interest than ever before, Bitcoin bull run 2021 hype is arguably bigger than ever. Already, a massive influx of funds has entered the crypto space from several large net-worth individuals and institutions investing in cryptocurrency. Considering recent events, it is more important now than ever to understand how to protect your wealth. The upcoming bull run could change people's lives. Understanding how to navigate the market to maximize your profits is key to avoiding getting rekt.

In this article, we’ll recap Bitcoin history with bull runs and what it can tell us in anticipation of a potential 2021 Bitcoin bull run. Furthermore, we’ll explain some key differences between the previous Bitcoin bull runs and the most recent highs. Lastly, we’ll give you some advice on ways to protect your wealth when investing in...

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How To Earn A Passive Income With Bitcoin in 2020

Written By Ivan on Tech

Dec 10, 2020

Anyone who has ever had a job will know that it can be extremely hard to scale your income. Working means you are earning an active income - and you have to trade your time and energy for compensation. Passive income, on the other hand, is when you have income streams that are essentially effortless. The advent of cryptocurrency and Bitcoin have led a growing amount of people to look into how to earn passive income with crypto. This article takes a look at the four main ways how to earn a passive income with Bitcoin in 2020.

Specifically, we’ll take a look at Bitcoin, how it can be used, and the differences between passive and active income. Following this, we’ll explore the various ways to make your money work for you - so you can earn a passive income with Bitcoin.

This article is part of our ongoing Passive Income series. Be sure to check out our coverage of how to earn a passive income with Ethereum, and how to earn a passive income with Cardano. The Ivan on Tech...

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Crypto Essentials - The State of Blockchain in 2020

Written By Ivan on Tech

Nov 26, 2020

Blockchain courses are becoming more and more appealing as this new market witnesses another boom, both in terms of cryptocurrency prices and the number of blockchain projects being launched. Once again, the crypto industry is full of exciting news, similar to 2017 when Bitcoin’s all‑time high tested the $20,000 mark - and there’s much more to come. As we face growing economic uncertainty related to the COVID-19 pandemic, interest in crypto and blockchain technology is surging.

Put simply, it’s that time of the year again. The last few weeks booming crypto markets are driving market sentiment, with widespread fear of missing out (FOMO) and overall "block hype" in the industry. However, along with this comes a decent amount of misleading information. Here on the Ivan on Tech Academy blog, we give you the best educational blockchain advice, tips on what you can do to act rationally in the crypto market, and valuable information on how to find a job in...

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Silk Road, Ross Ulbricht and 1HQ3Go3ggs8pFnXuHVHRytPCq5fGG8Hbhx

Written By Ivan on Tech

Nov 14, 2020

During the past week, there has been a lot of talk about a recent mysterious Bitcoin transaction of nearly 70,000 Bitcoins. As the Bitcoin price currently hovers around $16,000, that means that this single transaction was worth over one billion dollars. What’s more, the Bitcoin wallet behind this massive transaction supposedly had ties to Silk Road, the infamous digital black market platform closed down back in 2013. 

As such, Silk Road has suddenly gotten the news again roughly seven years after it was closed down, due to this massive Bitcoin transaction. Therefore, let’s take a closer look at the story of Silk Road, its creator Ross Ulbricht, and the billion-dollar Bitcoin transfer from the Bitcoin address 1HQ3Go3ggs8pFnXuHVHRytPCq5fGG8Hbhx that recently took place.  

This story showcases both the technical capabilities of Bitcoin transactions, as well as a fascinating look at the story of Silk Road. Learn all there is to know about Silk Road, Ross...

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Exploring PayPal and Bitcoin - The Evolution of Digital Payments

Written By Ivan on Tech

Nov 10, 2020

The past week has seen a lot of buzz concerning PayPal and Bitcoin. Although the two terms “Bitcoin” and “PayPal” might seem to be indirect competitors for digital payments, PayPal recently announced it would support crypto payments. As such, the advent of mainstream cryptocurrency adoption possibly just got a lot closer.

Nevertheless, at the same time, PayPal and Bitcoin are two very different solutions to digital services. True, the fact that a huge company like PayPal has decided to make this payment method available on its platform brings significant legitimacy to the cryptocurrency field in general. This might also result in even more rapidly growing interest in the crypto world, and more people might get involved. With that said, however, it can also be worth exploring the ways in which PayPal and Bitcoin differ from each other.

Although this article provides a comprehensive introduction to the ways cryptocurrencies such as Bitcoin differ from the...

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Learn About Bitcoin With Bitcoin Courses

Written By Ivan on Tech

Nov 01, 2020

Terms like Bitcoin, blockchain technology, and cryptocurrency alone can feel intimidating to some people, others though may feel excited to hear about it. Blockchain is a relatively new technology given to us by an anonymous developer(s) known as Satoshi Nakamoto in 2008, and is still in the ‘early adoption’ phase. As such, there is still some fear or confusion around the subject, due to a lack of understanding and education. Some people, however, are intrigued about the subject enough to dig a bit deeper, and will start searching the internet for Bitcoin courses to learn more - if you are one of those people, welcome! 

In this article, we briefly cover what Bitcoin is, and how it functions to give context for your next stage of learning. We explain why people are buying Bitcoin, and why more and more people are wanting to take that next step of education in the crypto and blockchain industry, before suggesting the best course to start with that’s right for...

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COVID-19 & Crypto - The Pandemic's Impact on Cryptocurrency

Written By Ivan on Tech

Oct 28, 2020

Does the COVID-19 coronavirus pandemic affect cryptocurrency in any way? In this age of information, it can sometimes be difficult to determine what is true and what is not. The rise of “fake news”, coupled with extreme economic uncertainty is distorting our perception of reality and changing the fabric of our lives. Throughout mainstream media, there is an abundance of misinformation and misrepresentation of facts, with much of the conversation in the news falling short of any substantial discussion.

What we do know, however, is that a deadly virus has spread across the planet, already killed an estimated 1.16 million people and bringing the global economy to a standstill. The long-term implications of the COVID-19 pandemic are chilling, but the damage to society and the global economy are not openly discussed as governments and central banks quietly try to print their way out of economic disaster.

Though people are free to socialize now, businesses have closed down,...

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The Future of Cryptocurrency - The Past Decade and the Coming Decade

Written By Ivan on Tech

Oct 18, 2020

In the years following its inception back in 2009, Bitcoin was regarded as somewhat of a - however undeserved - poster-boy for cybercrime and illegal activity. Over the past decade, if you asked anyone in the street what they thought about Bitcoin, the small minority that had even heard of it would likely have told you that it’s either a scam, a Ponzi scheme, or only used for illegal purposes. However, this erroneous view is quickly changing.

Little would those calling Bitcoin a scam know that a decade later, the revolutionary power of the blockchain would immerse across the entire financial landscape, changing how we view money and how we transact forever. Now, Bitcoin and the wider cryptocurrency sector is much more recognized than it was just a few years ago. Moreover, the introduction of CBDCs shows cryptocurrencies are just the latest of a growing number of different types of currencies.

However, seeing how massively the cryptocurrency space has changed over the past ten...

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