Top Books About Blockchain and Cryptocurrency Which Are Worth Reading

top crypto books

Cryptocurrency and blockchain became so popular that people started writing books about them, and if more than 1,000 books on this topic have already been written in the West, then in the CIS countries people came to this only in early 2017. Such literature makes it possible to more clearly understand all the nuances, positive and negative aspects of the blockchain technology. Below we compiled a selection of the best books about digital currency that will help you get all the knowledge you need about the crypto world.

1. “Bitcoin for Dummies” – Williams, 2017.

This book will tell you in detail about all the subtleties of working with digital currency, the authors touch absolutely all vital aspects of the blockchain. Having studied the stated information, you will get knowledge about the nature and formation of bitcoin. One of the main advantages is that it describes all the risks that keep up with the cryptocurrency. The author focuses attention on cyber security. Having studied the stated information, you will master the system of blockchain’s work, you will be able to protect yourself from cyber scammers and correctly implement the cryptocurrency at the exchange.

2. “Digital Gold: Bitcoin and the Inside Story of the Misfits and Millionaires Trying to Reinvent Money”- Nathaniel Popper, Williams, 2016.

Nathaniel Popper, together with Williams, wrote an amazing and most truthful story about the emergence and implementation of bitcoin in the general turnover, as well as those individuals in its history who hindered and helped it. The story goes on behalf of different people: Satoshi Nakamoto, the brothers Winklevoss, various millionaires and bankers. An important component of the book is the analysis of the reasons for which the blockchain entered the general circulation.

3. “Blockchain Revolution: How the Technology Behind Bitcoin Is Changing Money, Business, and the World”- Don Tapscott, Alex Tapscott, 2017.

The book narrates about the cryptocurrency as a means of business breakthrough. It can be divided into two parts: in the first there is a story about the system of work of the blockchain, its strengths and weaknesses, and also there is an analysis of all those pressing financial problems that can be solved with the help of blockchain. In the second part there is interesting information that sheds light on the causes of the blockchain’s impact on the global and the involvement of more and more investments in digital currencies.

4. “Bitcoin – the people’s money” – Adam Tepper, 2016.

The author of the book is Adam Tepper, a general director of several companies, a successful programmer in the past. In his book he described the importance of bitcoin as a universal financial means. Bitcoin in this book is described as an object of universal attention, as the engine of the financial market. The book pays much attention to investments in crypto assets. The author claims that it is necessary now to invest in digital currencies, since in the near future their price will grow, and all thanks to their introduction into the overall turnover.

5. “Mastering Bitcoin” – Andreas Antonopoulos, 2017.

The author of the book is Andreas Antonopoulos – the founder of bitcoin business in London and the director of several start-ups, a former software engineer. The book describes all the details of digital coins, predicts the development of cryptocurrencies, their introduction into the global financial market and regulation by different countries. The book is divided into 2 parts: the first is aimed at inexperienced people in the crypto world, the second – at investors and people who want to start their business using the cryptocurrency. It should be noted that this book is perfect for students of economic universities that study

digital currencies.

6. “Blockchain: Blueprint for a New Economy” – Melanie Swan, 2017.

The book tells about the nature of blockchain technology. The first part is devoted to beginners and will help them familiarize themselves with the principles of the registry, according to the author this is the main stage before studying bitcoin. The second part is devoted to the indivisibility of the blockchain and bitcoin. The author claims that today’s work of the blockchain will be transformed into something else in the future.

 

7. “The Internet of money” – Andreas Antonopoulos, 2018.

This book was written by Andreas Antonopoulos after the publication of her previous book “Mastering Bitcoin”. In general, these books are similar in content, but if in the first book the main question was “How?”, then in the second it is “Why?”. The process of the formation of the cryptocurrency as a financial engine and the potential for its development are described in detail. The main idea of the book: “The Internet is not a phone, bitcoin is not money.”

8. “The Age of Cryptocurrency: How Bitcoin and the Blockchain Are Challenging the Global Economic Order” – Paul Vigna, Michael Casey, Mann, Ivanov and Ferber, 2017.

The book is telling about the influence of news and imaginary panics on the course of digital currencies, about their influence upon international economic market. The book also contains research of the blockchain’s importance in modern realities: how it was created, its functions and what to do in order to join the new world of economy.

Conclusion

So, we’ve finished our list of top-10 literature about bitcoin. Having read at least a half of these books, you will come to know all the particulars of cryptocurrencies and blockchain technology. The information, stated in these books, is an invaluable source of knowledge for any beginner in the crypto world, however even an experienced user will find here something new and unusual.

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Cryptocurrency Prices Today, February 15: Cryptocurrencies “Stand Still”

Bitcoin, Ethereum, Ripple, Bitcoin Cash, EOS, Litecoin, Cardano, Stellar, IOTA, Dash, Monero: Cryptocurrency prices

According to the online platform Coingecko, Bitcoin (BTC) remained stable over the past 24 hours. The price at the time of writing is $3604 per coin.

For the most part, cryptocurrencies did not change in price throughout the day:

Bitcoin Cash lost 0.99% over the past 24 hours and costs $121 per coin;

Ripple dropped by 0.03 and costs $0.30;

EOS added 2.3%, and its price is $2.85;

Litecoin grew by 0.18%, and its value is $42;

Cardano gained 0.27%, and its cost is $0.040;

Stellar added 2.66% and costs $0.078;

IOTA grew by 0.87%, and its cost is $0.27;

Dash lost 0.6, and its price is $79;

Monero fell by 0.06% and costs $47.

Over the past 24 hours, Ethereum remained stable. The exchange rate of the coin is $122.

The total market capitalization is $120 billion. Bitcoin accounts for 52.7% of the total volume. In monetary terms, it is $63 billion.

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A Major Japanese Bank Is Developing a Blockchain-Based Payment Network Due in 2020

Mitsubishi UFJ Financial Group, Inc. (MUFG) is on the most prominent financial institutions in Japan, moreover, it is the world’s fifth largest bank in the world. Located in Tokyo, MUFG has branches in 50 countries all over the globe and over 150 thousand employees.

The financial group provides services in the various fields like leasing, asset management, commercial banking, credit cards, securities and others. It also constantly collaborates with the largest banking establishments in America, Europe and Asia.

MUFG and blockchain

Following the example of its competitors and partners, Mitsubishi UFJ Financial Group decided to involve innovative technologies in order to upgrade and advance its payment systems.

According to the official press release of the bank, it is partnering up with the Massachusetts-based company Akamai Technologies, which is a leading provider of content delivery and site accelerating services.

MUFG and Akamai Technologies, Inc. (“Akamai”) announced today that they have agreed to strengthen their strategic alliance towards the full-scale launch of a new payment network business and establishment of a joint venture, Global Open Network, Inc.,” is mentioned in the press release.

The main purpose of the collaboration, the development of a blockchain network for payments, is planned to be launched in 2020.

As stated by the bank representatives, they want to experiment with “diverse payment schemes” which will allow to expand their range of services.

We remind you that another global financial establishment, Abu Dhabi Commercial Bank, is also working on implementing cutting-edge technologies and launched a financial management app.

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Japanese Giant GMO Internet Lost ¥1.3 Billion in 2018: Report

One of the biggest Internet companies in the world, Japan-based GMO Internet Inc., posted a report on its financial performance. An operating loss accounts for ¥1.3 billion (~$11.75 million) in 2018.

GMO’s mining business

According to the report, mining business fared very poorly in 2018 which resulted in great losses. The company explained that the business did not increase as expected due to the collapse of cryptocurrency market in Q4. The report provides  the table where we can see the real revenue and real loss of the company. The data provided below does not include “extraordinary losses” of approximately $319.2 million.

Source: GMO Fiscal Report 2018

Alongside, Internet giant announced that it would implement a policy change regarding to their mining business model. The company will sell its bitcoin mining assets at cheaper rates to compensate for a portion of its annual losses.

Moreover, GMO plans to relocate mining centers to the regions where power supply is cheaper. The centers allegedly will be somewhere in Northern Europe.

GMO’s Bitcoin exchange

Source: GMO Fiscal Report 2018

According to the report, the company’s quarter-revenue has fallen by 66.7%, even though the company annually posts about its 7% profit from its crypto exchange GMOCoin.

In 2018, GMOCoin recorded a net sales of ¥4.02 billion (~$36.33 million). In Q1, crypto exchange has lost about ¥76 million, yet, high sales of next quarters compensated them. The fall of cryptocurrency market has also played a significant role in GMO’s revenues. Each phase ended on a lower note than a previous one in terms of sales, while the profits remained marginal.

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Cryptocurrency Prices Today, February 14: Cryptocurrency Did Not Catch The Romantic Atmosphere And Began To Fall In Price

Bitcoin, Ethereum, Ripple, Bitcoin Cash, EOS, Litecoin, Cardano, Stellar, IOTA, Dash, Monero: Cryptocurrency Rate

According to the Coingecko online platform, Bitcoin (BTC) lost 0.35% over the past 24 hours after a period of growth. The price at the time of writing is $3607 per coin.

Cryptocurrencies have returned to the red zone:

Bitcoin Cash lost 0.6% over the past 24 hours and costs $121 per coin;

Ripple fell by 1% and costs $0.30;

EOS decreased by 4.1% and its price is $2.78;

Litecoin dropped by 3.2% and its value is $41;

Cardano lost 2.5% and its cost is $0.040;

Stellar fell by 1.1% and costs $0.076;

IOTA decreased by 1.6% and its value is $0.26;

Dash lost 1.9% and its price is $78;

Monero dropped by 2.5% and costs $47.

Over the past 24 hours, Ethereum has lost 0.7%. The rate of the coin is $122.

The total market capitalization fell to $120 billion. Bitcoin accounts for 52.5% of the total. In monetary terms, it is $63 billion.

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Report: Blockchain Investments Cannot Overcome Fintech Funding

European blockchain companies set a record in 2018, however, they are unable to overcome funding that comes to financial technology companies.

Blockchain boom in 2018

At the end of 2017, the rate of Bitcoin skyrocketed to incredible price of $19,000. As the first cryptocurrency began gaining popularity, people started to wonder about the technology that stayed behind. After that people understood that blockchain can be used not only in crypto, but also in other spheres of life.

Some companies began to create their own blockchain and implement it into financial sector, political sector, etc. For example, Western Union supports cryptocurrency and blockchain, and it seeks the ways of their implementation; LG Uplus released a blockchain cross-border payment system.

After the cryptocurrency prices collapsed, the blockchain technology remains to be quite popular topic on different IT conferences and summits.

Blockchain investments cannot overcome fintech funding

According to Innovate Finance’s ‘2018 FinTech VC Investment Landscape‘ report, blockchain and cryptocurrency industry in Europe has witnessed a series of significant deals, but notably just four deals amounted to over $300 million. These deals include such projects, as Paxos (Bankchain), Dfinity, SEBA Crypto, Bitfury. They raised from $65 million to $103 million in different periods of the year.

Analysis shows that fintech companies are much more popular among investors than blockchain. European challenger banks Revolut and N26 alone raised $461 million across 7 deals. They closely followed by personal finance and wealth management ($333.61 million), and alternative lending and finance ($306.64 million) industries.

Fintech’s big picture

If we take the investments of all financial companies all over the world, we will see that they raised $36.6 billion from venture capital investors.

The leader in fintech investments is China, Chinese company Ant Financial set a record for  both fintech and venture capital, raising $14 billion. In overall, China led with $18.9 billion invested across 90 deals.

Next place is taken by the United States; it has raised $10.6 billion across 1,042 deals. The United Kingdom followed on in third place with $1.7 billion invested across 261 deals.

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The Most Dangerous Crypto Crimes: What About SIM Swappers?

Cyber attack and crypto crimes in every shape and form are quite abundant on the market of digital assets right now. They all have different goals and different levels of harm. The careful and thorough analysis of such attacks will make it possible to predict them and protect sites, platforms and companies from breaches and money losses.

However, there is a weird tendency going on among the analytical reports, which we will try to explain down below.

Two major cyber security companies Chainalysis and CipherTrace released their analytical statements at the end of last year. Both reports contained statistics on hacker attacks and crypto crimes and an outline of current trends.

The main focus of CipherTrace was different money laundering techniques, cryptocurrencies that are the easiest targets for crypto criminals that choose this path, AML regulations and other related info.

Whereas Chainalysis told its readers on the scale and profitability of such Ethereum scams as phishing and various Ponzi schemes.

Surprisingly, there seems to be nothing about the infamous SIM-swapping.

Just to remind you, SIM-swapping is a kind of a cyber attack aimed at money theft. Simply speaking, a hacker convinces the phone provider to “swap” the number of a victim to a new device. In such way, criminals get full access to the personal information of their victims, still their identity, and later money.

SIM-swapping scams have been involved in multiple scandals with the biggest cell-phone providers of America, the crimes involving this technique resulted in huge money thefts and loud arrests of witty hackers, yet very few reports actually mention it.

However, this still does not diminish the dominance of SIM-swapping over many other types of crypto crimes. In order to fight it, we not only need more coverage from the mass media and analytical firms, but also the cooperation from the cell phone companies to protect the users, their info and their money.

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