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Cryptocurrency Essays

Bitcoin Legitimacy and Potential

Is Bitcoin a legitimate currency and a good investment opportunity? The launch of Bitcoin caused intense arguments regarding its reliability and potential as an investment strategy. It has received notable attention and adoption in recent years due to its desire for financial independence and an alternative to traditional fiat currencies. While traditional financial institutions and ... Read More
Pages: 4       Words: 861

Impact of Cryptocurrencies on Economies

Introduction Cryptocurrency has continued to solicit attention from different groups, including entrepreneurs, investors, regulators, and the general public. Recent discussions surrounding cryptocurrency have had a significant influence on changes in their prices. A cryptocurrency is considered to be a virtual or digital currency that is secured by cryptography. Cryptography makes it nearly impossible for the ... Read More
Pages: 20       Words: 5334
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The Future of Cryptocurrency

Introduction A cryptocurrency is a digital form of payment that employs encryption algorithms. Cryptocurrency development was propelled by encryption technology that designed a form of payment used in the digital market space. Encryption technology makes it both a payment method and an accounting system as it keeps the records of each transaction (Manjula et al., ... Read More
Pages: 8       Words: 2178

An Examination of Cryptocurrency as an Emerging Asset Class

Introduction Cryptocurrency is a growing conventional financial system that has massively impacted modern financial practices and theories. The public lost trust in the conventional banking system after the 2007-2008 global financial crisis. The 2007-2008 global financial crisis occurred due to the lowered housing prices and the increased number of those who took loans but could ... Read More
Pages: 11       Words: 2872

Ethical Incident by FTX

FTX trading company has been one of the leading cryptocurrency companies globally. Having been founded in 2019, the company experienced tremendous growth in its asset value till its bankruptcy in 2019. Part of the issues that led to its bankruptcy were ethical related. Specifically, lack of transparency was the primary ethical concern that led to ... Read More
Pages: 4       Words: 898

Data Mining Has Emerged as a Popular Tool for Businesses

Introduction The practice of discovering patterns and insights from large datasets using various tools and approaches is known as data mining. In recent years, organizations have been more interested in data mining, a fast-expanding sector (Olufemi Ogunleye 2022, 1). Data mining has become a popular technique for organizations to extract useful insights and patterns from ... Read More
Pages: 12       Words: 3029

Essay on Cyber Attack

My cyber attack would involve evil twin phishing that occurs when a threat actor sets a fake Wi-Fi access point, intending that the public will connect to it rather than the real network. The target of the attack would be anyone who connects to the network. The plan is to set up the Wi-Fi network ... Read More
Pages: 6       Words: 1648

Use of Digital Currency in Organization for Faster and Secure Transfer

Over the years, Samsung has openly embraced the use of digital currencies. According to Walk-Morris (2022), Samsung recently introduced a new digital wallet, allowing users of its Galaxy phone series to have cryptocurrency wallets and digital keys. The telecommunication giant introduced a tool using blockchain technology to enable its users to monitor their digital currencies. ... Read More
Pages: 8       Words: 2140

Understanding Fiat and Cryptocurrency

Introduction Cryptocurrency is a digital currency developed as an alternative to the established banking system. An increasing number of people are considering using Cryptocurrency as an alternative to fiat currency due to its many advantages over conventional money, including lower transaction fees, higher levels of anonymity, and more robust security. Reducing financial crimes committed with ... Read More
Pages: 22       Words: 5801

Impacts of Cryptocurrencies on Economic, Social, and Political Institutions

New financial technologies are driving disruptive innovations in Finance. They have reshaped the structures, provisions, and capturing of customer demands in the financial services industry. The changes brought about by new financial technologies can be attributed to tools such as cryptocurrencies. The implications of new technologies are being experienced worldwide across all economies. However, the ... Read More
Pages: 14       Words: 3667

The Next Evolution of Money

Crypto Currency is a digital currency that has existed since 2009; the system has secured transactions and uses cryptography to secure all transactions made by the user. The currency does not have any regulating authorized personnel. Instead, it uses a decentralized digital system which records and secures all transactions. Some people use Crypto as stocks. ... Read More
Pages: 8       Words: 2101

Essay on Blockchain Technology

Introduction A blockchain is a series of time-stamped immutable data usually managed by a group of computers in most cases not owned by single entities. The individual blocks of data are bound and secured using cryptographic principles. Thus, a blockchain has no central authority and operates more like a democratized system. The blockchain system is ... Read More
Pages: 10       Words: 2499

Essay on Cryptocurrency

Cryptocurrency is a different mode of payment of digital currency, which is created in the form of coding systems to secure all transactions. It mainly functions as a virtual system of accounts and a coin. The primary role of the cryptocurrency is to ensure all problems of currencies by the currency holder’s hands have full ... Read More
Pages: 3       Words: 753

Bitcoin Is a Good Indicator for Prediction of Stock Return

Bitcoin is a digital currency. Bitcoin, in contrast to other currencies, does not have a central bank and does not keep track of individual transactions as other financial instruments do. When computers solve mathematical problems, they generate new monetary units as a result of their efforts. It was created way back in 2009 and applies ... Read More
Pages: 15       Words: 4025

Potential Uses of Cryptocurrency and Its Ecological Impact

Introduction Many people are enthusiastic about cryptocurrencies such as Bitcoin, but others point out a significant flaw described as cryptocurrency mining, which requires considerable energy. Although mining is merely one method of authenticating cryptocurrency transactions and minting new coins, it is employed by Bitcoin and Ethereum, the two most prominent cryptocurrencies. Schinckus’s (2021) research study ... Read More
Pages: 6       Words: 1628
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