Prescott Regency - Prescottregency.com - Financial Technology for the People

Bitcoin investment is profitable only when stored in the right wallet. A Bitcoin wallet is an analogue to bank accounts for fiat money. Choosing the right wallet is not simply a matter of choice between ease of use and security. When security is the prime focus, there is no better option than Bitcoin banks like Xapo and Coinbase. Coins are held secure through private keys and are ideal when considered as off-ramps and on-ramps for Bitcoin ownership, not for prolonged storage. Bitcoin wallets are packed with features Web based, and mobile wallets are easy to set up and offer an array of unique features. Having a wallet enables Bitcoin transactions. There are two types of wallets; hot wallets and hardware. Hot wallets are best for storing a limited amount of coins, and are more convenient than hardware wallets. An ideal beginner wallet is Copay, but for seasoned investors who are looking at improved security, here are Prescott Regency’s top 4 picks. BlockChain: Blockchain has a...

Bitcoin is steadily rising to become the new crisis currency against speculations voiced by cryptocurrency sceptics. In war torn countries like Zimbabwe, more and more people are resorting to sending money through cryptocurrency rather than nationalized, government controlled banks. Citizens of countries with low GDP possess a cell phone and not bank accounts. For a Bitcoin transaction to take place, a cell phone is all that is needed. Bitcoin prices soared in Zimbabwe, immediately after the military takeover. Transaction of cryptocurrency is currently unavailable for transfer from industrialized to developing nations. Bitcoin resistant to recession Recession is largely scrutinized by the Government. In countries like Venezuela, where the value of the bolivar is spiraling, inflation can be induced by unchecked printing of currency by the Government. Bitcoins, however, can’t be printed or controlled by the government. There are no central regulating agencies, thus promoting free...

Just one year ago, China was contributing to around 90% of total Bitcoin trade. However, since September when Beijing decided to ban Initial Coin Offerings (ICOs), and crackdown on cryptocurrency exchanges, new developments have occurred in the Asian crypto market. Japan embraces Bitcoin as a legal tender Prescott Regency have monitored the industry as Japan has managed to take leverage, and embrace the Bitcoin movement with enthusiasm. Japan went one step ahead at the beginning of this year, and acknowledged Bitcoin as a legal tender. Today, Bitcoin trade accounts for approximately 50 percent of the worldwide market, as compared to just 25 percent in the United States. The movement in Japan has now been joined by big retailers. The legalisation of cryptocurrency has boosted their desire to enter into partnerships with Bitcoin exchanges, and start accepting this cryptocurrency as a legal payment mode. There are now over 4,500 shops in Japan that accept payment of Bi...