Blockchain and Crypto Blog

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

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Exploring Central Bank Digital Currencies (CBDCs) - What is CBDC?

Written By Ivan on Tech

Oct 25, 2020

Cryptocurrencies have become increasingly commonplace over the past few years. Ever since Bitcoin’s dramatic price rally during late 2017, the notion of crypto and digital currency has become widespread all over the world. However, the cryptocurrency sector is not the only example of digital currency. Central banks are waking up to some of the advantages offered by cryptocurrency and are instead looking into the Central Bank Digital Currency (CBDC) field. So far, traditional central banks have printed physical fiat currencies, and banks have provided financial services to consumers.

However, the advent of cryptocurrencies threatens to upend this traditional notion of both currencies and financial services. On the one hand, cryptocurrencies such as Bitcoin allow for virtually immediate international transfers of funds, which is far faster than traditional financial transactions and available at a fraction of the cost. Moreover, the oft-cited decentralized finance (DeFi) field...

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DeFi Deep Dive - Is Crypto Becoming Centralized?

Written By Ivan on Tech

Oct 19, 2020

One of the main draws of cryptocurrencies such as Bitcoin is that they are decentralized. However, at what point does crypto’s interoperability with the traditional financial system make it all part of the same centralized entity as legacy financial systems? As you will likely know, Bitcoin can be traded like a stock or share, and crypto exchanges are acting increasingly as traditional banks, so is crypto becoming centralized? Some signs are arguably pointing towards that. However, as this is going on, the world of decentralized finance (DeFi) is flourishing. So, what is the state of crypto - is it in risk of becoming centralized, or is crypto truly decentralized? 

New decentralized finance (DeFi) projects are popping up almost every day, with many of them being unaudited, unregulated and more or less decentralized. In this article, we’re going to look at the spectrum of decentralization within the crypto space, and how different schools of thought are creating...

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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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Different Types of Currencies - From Fiat to Crypto

Written By Ivan on Tech

Oct 16, 2020

Are you confused about all the different types of currencies available in 2020? Ever since 2008, there has been an increase in the number of different currency terms and definitions to wrap your head around. As the world is going digital, it makes sense that our finances and financial services will migrate online too. However, there are some critical differences between the traditional currencies and the digital assets that are worth getting educated in, in order to preserve your wealth and prevent it from being controlled or lost.

In this article, we break down the different definitions of the key currencies available today, explaining the history and use cases for each. It is crucial that you truly understand the distinctions between currencies as we head towards the digital financial revolution. The term “decentralized finance”, or DeFi, is often thrown around, and could hold the keys to a paradigm shift for traditional finance.

Before getting into the different types...

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Crypto Use Cases - Where Can You Spend Bitcoin?

Written By Ivan on Tech

Oct 12, 2020

As long as you haven’t been living under a rock, you will likely have heard of Bitcoin. You may know Bitcoin as the revolutionary digital currency, or you may have been led astray by the baseless rumours that Bitcoin “is only used for dark web online purchases” or illegal activities. However, this couldn’t be further from the truth. Bitcoin and other cryptocurrencies like it are rapidly becoming widely accepted both in institutional sectors and in the wider society. With growing interest, a lot of people are now asking ‘Where can you actually spend Bitcoin?’.

In this article, we cover an assortment of various locations around the world that are accepting Bitcoin as payment for their goods and services alongside global partnerships with crypto services. Firstly though, let’s review why Bitcoin has grown to be so popular and has been claimed it will reset the entire global financial infrastructure.

First of all, though, crypto adoption is...

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About Bitcoin - What to do with Bitcoin?

Written By Ivan on Tech

Oct 08, 2020

Got Crypto? What To Do With Bitcoin

So, say you’ve just invested in your first crypto, more than likely Bitcoin, and now you're wondering what to do with it. There are many different options to explore, some of which we will discuss below. Perhaps you are reading this because you feel close to investing in your first crypto, but you are unsure what to do with Bitcoin afterward. Further on, we shall explain the value of holding Bitcoin, alongside ways and means to make your Bitcoin work for you.

Moreover, buying crypto and Bitcoin is becoming more common. Those in the crypto community who are interested in economics may have come across the phrase; "not everyone that buys Bitcoin understands money, but everyone who understands money buys Bitcoin".

In this article, we illustrate where this phrase comes from, alongside investigating different options for what to do with Bitcoin after you've bought it. As a refresher for those unsure of the value propositions of Bitcoin, or people...

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Guide: Different Ways To Get Your Hands on Crypto

Written By Ivan on Tech

Oct 05, 2020

The cryptocurrency space is as popular as ever, and there are many people out there who want to join the world of crypto. As many of you will know, the growth of the crypto market over the last decade has been staggering. The price of cryptocurrencies such as Bitcoin and Ethereum has increased by thousands of percent since their inception, but a lot of people still do not know how to get into crypto, or how to get their hands on crypto. This shows that the market still has great potential for growth. However, even though most people have heard about cryptocurrencies, they might not know precisely how to get crypto. 

Moreover, the cryptocurrency market - just like any market for financial assets - is in constant flux, and the prices of certain cryptocurrencies are volatile. The highly volatile nature of many cryptocurrencies means that there is inherently risk involved with investing in them. This can result in people not wanting to spend their hard-earned money on...

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Confidence in Crypto - Why Is It Surging?

Written By Ivan on Tech

Oct 04, 2020

As little as a decade ago, you might have been laughed at for bringing up Bitcoin as an asset class you had tremendous confidence in. You might have heard people asking “isn’t crypto a scam?”, dismissing it as something restricted for nefarious activity or cybercrime. In 2020, however, the picture is quite different. In fact, confidence in crypto has never been higher - and a lot of factors suggest it is set to keep rising. Moreover, with trust in traditional financial systems and fiat currencies at a low level, having confidence in crypto is no longer something merely for eccentrics.

In this article, we’ll take a look at how confidence in crypto is currently on the rise, and explore some of the recent blockchain integrations that are boosting market sentiment and bringing awareness to various benefits of blockchain technology.

After all, growing confidence in crypto is vital to greater cryptocurrency adoption. As such, it is clear that surging trust in...

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Guide: How to Travel the World with Crypto in 2020

Written By Ivan on Tech

Sep 30, 2020

Bitcoin and other cryptocurrencies are fundamentally about decentralized, global, financial independence and freedom, and the ability to have complete, full ownership of your assets. Bitcoin is a borderless, censorship-resistant digital currency and available to anyone across the globe with internet access. Consequently, crypto, at least in theory, lends itself well to being an asset class for international travelers or “digital nomads”.

As the growth rate of blockchain technology and crypto adoption increases, it makes sense with rising demand that we are seeing more ways than ever to spend and travel the world with crypto.

In this article, we will cover a range of different ways you can spend your crypto whilst traveling, why people choose to do so, and how moving into the $1 trillion travel sector is a big deal for the cryptocurrency industry.

In the case that this article happens to peak your appetite, be sure to check out Ivan on Tech Academy. Whether you are just...

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Can Blockchain Technology and Crypto Help End World Poverty?

Written By Ivan on Tech

Sep 29, 2020

Global economic parity has been a hot subject for discussion during many years. With the rise of industry and technology, the rich have become insanely wealthy, while the wealth divide has never been bigger. Can crypto end world poverty? In this article, we’ll explore some of the fascinating ways that blockchain technology is being used to transform the lives of many people, while providing an even playing field for economic parity.

In the current economic state, following the onset of the COVID-19 coronavirus pandemic, many people are facing financial difficulties. Currency instability, capital controls, and an outdated cross-border payment system are incredibly difficult both for people and businesses across the world.

With wealth inequality growing at an alarming rate, can crypto end world poverty and provide a sustainable economy for struggling nations? In this article we’ll take a look at some of the ways that cryptocurrency can change the way we create...

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