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...

2017 has seen a booming year for cryptocurrencies. For instance, Bitcoin's price has increased by over 300 percent since the beginning of the year. On the other hand, the price of Ethereum has also increased by over a whopping 300 percent. All the hype surrounding digital currencies has led the Bank of International Settlements (BIS) to explore the feasibility of how a central bank cryptocurrency may appear. There is added value to a central bank that includes a digital currency in their present monetary mix of reserves. However, such a bold move comes with certain risks. It has the possibility to cause disruption to the commercial banks' business model, as well as the market for existing cryptocurrency. Will Central Banks hold cryptocurrency apart from cash and reserve? Presently, central banks issue money in two different forms; cash and reserve. Cash are payments made in physical form, which can be used by anyone and can be directly exchanged between sellers and buyers wi...

What is Crypto-Anarchism? The term anarchism was defined as ‘the philosophy of a new social order based on liberty unrestricted by man-made law; the theory that all forms of government rest on violence, and therefore wrong and harmful, as well as unnecessary’ by Emma Goldman in her book Anarchism and Other Essays. There is a popular misconception that anarchists are violent. That is not true. The goal of anarchists is to create a world without government. Who are Crypto-anarchists? Crypto-anarchists are mostly hackers and anti-state libertarians who have been active amongst the political fringes for years. Their aim is to warn the public of the dangers of a world where everything is online. They believe that strong cryptography can put an end to authoritarian governments by replacing taxes with transactions that are completely anonymous and secure. In today’s world, a nation’s boundaries are irrelevant to global business transactions through telecommunications. Many governments have ...

There are some of you who might have come across the term cryptocurrency and yet are not entirely aware of its implications and functions. Defining Cryptocurrency It is a form of digital currency which is created as well as managed through cryptography, an advanced form of encryption technique. Initially, it was just an academic concept, but cryptocurrency took a giant leap when Bitcoin was created in 2009. The subsequent years saw Bitcoin attracting a huge following. It caught massive media and investor attention in the month of April 2013 when its price reached its peak at 266 USD per Bitcoin. The market value of Bitcoin reached more than 2 billion USD, but there was a plunge by 50 percent after that, this led to a significant debate on the kind of future cryptocurrencies are likely to have in general with particular emphasis on Bitcoin. Will such alternative forms of currency supplant the traditional currencies eventually and will they be as prestigious as Euros and dollars s...