How Investing In Cryptocurrency Can Turn You Into A Millionaire in 2018

When an individual is moving towards investing, that person is in a probability of thinking about stocks, currencies, commodities, and bonds as these are the only things to trade in digital currency market. But do you really believe that spending in cryptocurrency will make you a millionaire?  Yes, it’s a matter of fact that people are becoming rich from these virtual currencies.     An Initial coin offering is also one of methods to earn huge bulk of money. It’s a well-known fact that no one earns something by doing…

Read More

How to create a circle of traffic with your own content and Steemit

Here at Bit-Media, we are, like everyone else, trying to get our content out to a wider audience and build a following.  We think Steemit can be a valuable addition to these efforts and our strategy is to build a “Circle of Traffic” by having our “online assets” resharing our content.   Our Online Assets:   Our Bit-Media Blog: Provides news on cryptocurrency, FinTech, IoT and the new digital economy Facebook: 70,800 likes Twitter: 1496 followers YouTube: 5400 subscribers Steemit: 73 followers   Our Strategy: Our strategy involves sharing our various posts between our various…

Read More

How Blockchain could kill Netflix

Video and movie distribution has seen its share of disruption. Videos stores like Blockbuster was disrupted by Netflix and now even Google and Amazon are streaming video content. Blockchain technology, powered by nodes of peer-to-peer computers around the world, is on the rise.   Can we expect decentralized entertainment applications built on blockchain to replace streaming services like Netflix or Amazon?   Blockchain has the power to fundamentally disrupt the entertainment industry because it brings out a completely new, decentralized model for content distribution.   In a decentralized world, no…

Read More

How to Bitcoin #6 – Mining Bitcoin

NEW ZEALAND – Guest Writer –The third in the series of “How to Bitcoin” articles introducing you to Bitcoin and what you can do with the cryptocurrency.  Here is an overview of how BTC is electronically processed, we call it mining.   Electronically Processing BTC Mining   As mentioned in the introduction, BTC is processed by computing power and recorded in a public ledger (Blockchain) with the help of a network of computers. The processing of BTC transactions is termed ‘mining’. BTC mining rewards people with computer power by generating…

Read More

How to Bitcoin #5 – Ways to Make Money with Bitcoin

NEW ZEALAND – Guest Writer –The fifth in the series of “How to Bitcoin” articles introducing you to Bitcoin and what you can do with the cryptocurrency.  Here is an overview of how to make money with BTC.   Buying and Selling A way to make money is to buy BTC/alt-coins at a low value and to sell at a higher value on an Exchange. Selling BTC as mentioned above can be done in any currency. Most large Exchanges allow users to trade back to US dollars. Another method would…

Read More

What was the First Product to be Bought with EOT?

Cryptocurrency is becoming more popular as a peer to peer payment system and there is no doubt that adoption will increase over time.   The utility cryptocurrency, EOT, recorded the first sale in December 2017.       How does a payment work – A transfer of funds between two digital wallets is called a transaction and this transaction is submitted to a public ledger called the blockchain where it awaits confirmation.  When a transaction is made, wallets use an encrypted electronic signature to provide a mathematical proof that the transaction is…

Read More

EOT, the Year in Review – 2017

What is EOT?  EOT is a new cryptocurrency started in July 2017. EOT can be used for Peer-2-Peer payments and confirmations are lighting fast with a new block mined every 90 seconds. In addition to the use of EOT as a currency, the main innovation behind EOT, is to use it for the encryption of devices connected to the internet also known as IoT [The Internet of Things]. IoT devices have increasingly become a target for online hacking and security breaches.   Thus the phrase:  IoT needs EOT   Below is…

Read More

2017 Blockchain and Cryptocurrency Hacks, Scams and Attacks

As the total cryptocurrency value continues to rise, so do the hacks, scams, and attacks in our new digital economy.  From false ICO’s, wallet hacks and deliberate scams, approximately $490 million was taken from the unsuspecting. CoinDesk examines the seven biggest cybercrimes involving the blockchain and cryptocurrency.  Watch this short video to learn more.       Read the full article – Click Here      What are your predictions for 2018?   Click on the links below to see what some are predicting. Give a Crypto Gift this year, no…

Read More

Adopting a “CryptoKitty” Is a Purrfect Way to Start Using Cryptocurrency

NASHVILLE, Tenn., Dec. 19, 2017 /PRNewswire/  It’s like an animal shelter for the Internet. Adopt-A-CryptoKitty is a site started by 11-year old Evan Messer to adopt “bitcoin cats” that live in the Ethereum cryptocurrency network.   As the cryptocurrency wars heat up across the globe, words like Bitcoin, Ethereum, and blockchain are starting to enter the mainstream psyche. And now a new word is popping up: CryptoKitties.   CryptoKitties are digital assets built in a cryptocurrency called Ethereum, and the company behind them has already created over 260,000 kitties and sold over $15 million dollars worth.…

Read More

Imagine an App like Telegram on the BitVault®

It was just reported by Bloomberg that Pavel Durov and his encrypted messenger set up shop in Dubai, it was reported that the Telegram founder left Russia with $300 million and 2,000 bitcoins. According to the St. Petersburg native said he’s planning to announce “something big” in the new year. He’s been keeping a low profile since leaving his homeland, and for good reasons.   For starters, he has at least tangential ties to two of the most influential antagonists of the U.S. government: Julian Assange and Edward Snowden. The Wikileaks…

Read More