Cryptocurrency

Costa Ricans can legally receive part of their salary in cryptocurrency, and given the impending financial crisis in Costa Rica, does it make sense to do so? May not. Not yet, anyway. Article 166 of the labor code says that Costa Rican laws allow for the use of commonly accepted assets as a means of payment. This means employees aren’t necessarily receiving cash or money, but some kind of benefit — cryptocurrency in this case — that is almost as good. An issue with paying a salary in cryptocurrency is that, as an employer, you have to pay part of your social security based on its value. That means you have to calculate worth on the day you paid in cryptocurrency. And if the price implodes later, it’s risky. Remind me – what is cryptocurrency? Cryptocurrency is a form of digital money, but it’s different from any other digital money out there because it’s decentralized, meaning it doesn’t belong to any one entity, such as a government. A free community of people who agree to use t...

What Is Cryptocurrency Trading? Crypto trading is quite simply the practice of trading one cryptocurrency for another. It can also be the exchange of fiat money for cryptocurrency tokens. It bears some similarities to foreign exchange, where fiat currencies from throughout the globe are traded 24 hours a day. The number of cryptocurrencies has blown up in the last few years. Surveys have found that there are now more than 1,500 different tokens in existence. You can only get hold of most of the tokens through major cryptocurrencies such as Bitcoin or Ethereum. Since of this, you’ll likely require to perform trades if you wish to invest in ICOs, or if you want to use a blockchain company’s services. One advantage of crypto trading is that you can get included without mining coins yourself. How do you buy cryptocurrency tokens? You’ll usually go through something referred to as a crypto exchange. Crypto exchanges typically fall into two categories: centralized and decentralized. They ...

It's certainly been an interesting few months for cryptocurrency. Bitcoin dropped more than 30% toward the end of November, putting it at new 13-month lows. And while crypto has been taking a bit of a hit recently, it remains a pseudo-currency that many investors are bullish on. However, when in the market for cryptocurrencies, you aren't limited to just Bitcoin. In fact, among the some 180 cryptocurrencies on the market, Litecoin is one of the biggest "altcoins" on the market.  So, what is Litecoin, and how do you buy it?  What Is Litecoin? Litecoin is an online cryptocurrency that ranks as the third-largest cryptocurrency on the market behind Bitcoin and Ripple . The currency trades on many digital exchanges and wallets, and has a higher circulating supply of coins than Bitcoin. Litecoin was created by Charles Lee in 2011 and has a coin limit of 84 million.  Just like other cryptocurrencies, Litecoin functions as a payment system similar to fintech companies...