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Bitcoin has been making waves in recent times. The cryptocurrency reached a record high of almost $12,000 in December 2017, according to the Coinbase Exchange. Late November witnessed the cryptocurrencies’ combined market valuation overtake Visa by $30 billion. While the cryptocurrency’s market value was at $285.9, Visa registered $254 billion. Cybersecurity leader, John McAfee, predicts that Bitcoin will reach $1 million by 2020! Cryptocurrencies are here to stay Cryptocurrencies will only become stronger in the future, according to experts like hedge fund manager and entrepreneur, James Altucher. According to Altucher, the eventual goal of the cryptocurrency industry is to replace paper money, and solve the problems associated with paper currency, such as forgery, printing, and anonymity. Altucher predicts the following outcomes of the future of cryptocurrency’s: Just as the Internet ended the monopoly of telephones, cryptocurrencies will put a stop to the monopoly governm

Blockchain has been hitting headlines for all the right reasons. It is a public and distributed ledger that maintains the records of all transactions made with Bitcoin. The size of the Blockchain keeps increasing in a chronological and linear fashion. Every node or computer that forms a part of the Bitcoin network, receives a copy of the entire Blockchain, and is automatically downloaded when it becomes a part of the Bitcoin network. The technology records full data about the balances and their source addresses, from the earliest block to the latest completed block. Proof of transactions The experts at Prescott Regency have broken Blockchain down for you. Blockchain functions as the evidence of transactions made through Bitcoin. Every time a transaction is complete, a new block is created. The block is then added to the Blockchain's permanent database. After each block is completed, the creation of another new block takes place for a fresh set of transactions. The

It is possible for Big Data to process data irrespective of its volume, velocity, and variety. Blockchain, on the other hand, can simplify the process while making it absolutely transparent, irrespective of the industry or application type. The popularity of Big Data has increased by leaps and bounds in the last decade. At the same time, the phenomenal popularity of Blockchain is transforming the conventional information structure, as well as processing of business transactions. Thus, both Blockchain and Big Data are complementary to one another. While Big Data has an immense processing ability to handle complexities and nuisances, the Blockchain system has been expanding in a continuous manner. The team at Prescott Regency have broken it down for you.   Blockchain is bustling with activity There has been a host of technological innovation, replacing earlier ideas. The Blockchain is one that has been subjected to a lot of hype in the past few years. While there is no

Tokyo’s IT software firm, CAICA, is one of the most recent companies to join the cryptocurrency space. It has launched a new altcoin subsidiary at a capitalization of ten million yen. Japan has always had a positive attitude towards digital currencies. The software services business in Tokyo develops software solutions for various financial processes like payment systems, foreign exchange, and Internet banking within banks in Japan. CAICA has now given strong indications that it is set to mark its entry in the field of digital currency. It seems to be focused on taking leverage of the massive popularity, adoption, and awareness of cryptocurrencies such as Bitcoin in Japan. The company has been in operation for over two decades now. It recently confirmed its preparations to enter into business related to digital currencies, and invest in cryptocurrencies, as well as in investment ventures of virtual coins. Bitcoin is a legal payment tender in Japan The country passed legislation i

Many businesses, as well as individuals in San Antonio, are big advocates of Bitcoin. In fact, experts predict that the status of Bitcoin will increase even more by next month when the cryptocurrency will be traded as a futures commodity, as a part of the Chicago Mercantile Exchange. Bitcoin's value saw an unprecedented rise this week, when it reached a value of more than 8,000 USD. No Need For A Bank Account There are several instances of people in San Antonio using the Bitcoin cryptocurrency. For example, Alex Eaton says that one does not need a bank account to own Bitcoin. It is possible to just download an electronic wallet for the cryptocurrency on any mobile phone. Eaton said he can complete any anonymous transaction, anywhere in the world, within minutes. With Bitcoin’s decentralized technology enhancing the speed of transactions even further, he believes the cryptocurrency is the future. For the unversed, Prescott Regency define Bitcoin as a Peer to Peer virtual cu

Those who have taken out a loan, are aware of how hard and exhaustive the process can be. First, there are a plethora of legal documents that need to be verified and processed legally. Next comes the waiting period that can be long and irritating. Though times are changing, and now tasks are being completed with the click of a button. Loans are being approved online in no time. However, that too involves a list of pre-requirements that need to be verified first, to receive the desired loan amount. Requirements include salary, a good credit rating, identification, and other personal information. Bitcoin is currently the toast of the financial town, and with enthusiasm soaring high, it’s no wonder Prescott Regency have found many seeking to use the digital currency to take out loans. Bitcoin is giving power to everyone to act as a bank. That means, those looking for loans can lend and borrow money without the unnecessary process of financial institutions like banks. What used to take

Blockchain , the technology behind Bitcoin, enables transactions to be made without the presence of an intermediary, including banks. It also means that the parties need to pay minimal transaction charges. Every time a transaction takes place, it is noted in the public ledger to keep a synchronized system. An entry that has already been made cannot be removed or modified. Thus, you can be 100% sure of transparency in all transactions. That is precisely the reason why, so many banks could not resist running pilots. Did you know that Air France has been using it to track its supply chain? In many places, governments have also been trying to digitize land deals. If you invested in Bitcoin a few years ago, chances are that you are a wealthy person now due to the massive surge in the value of the cryptocurrency. Hence the reason many investors are intrigued by this asset. If you’re interested in entering the cryptocurrency market, the following frequently asked questions at Prescott Rege

According to one of the key Bitcoin businesses in Singapore, there has been a significant increase in the number of users who are actively buying mining rigs. Dexter Ng of Singapore based SG Mining, stated that the sales of mining rigs have shot up in the last few months. There are now many customers purchasing, ten, twenty and even fifty rigs. Each mining rig is valued between 5,000 USD and 6,500 USD, based on the rig's processing power. More customers are showing interest in purchasing Bitcoin mining rigs, as the cryptocurrency has increased in value to 7,800 USD. This spike in value could be attributed to the fact that the people who had rallied behind the proposed hard fork, Segwit2x, had declared that they were shelving as if there were an absence of consensus to go ahead. Recently, our team at Prescott Regency has witnessed several people in Singapore catch up with the Bitcoin craze. This has led to a soar in demand for the graphic cards, and mining rigs across the nation