BitGo has obtained a license from the New York financial watchdog. This will permit it to expand its cryptocurrency custodial operations to institutions.
Cryptocurrencies represent an internet-based medium of exchange that takes advantage of cryptographical functions in order to conduct financial transactions. They leverage blockchain technology to achieve decentralization, immutability, and transparency.
According to the latest crypto news, there are thousands of cryptocurrencies in existence. However, the most popular ones include Bitcoin, Ethereum, Ripple, Binance Coin, Bitcoin Cash, Tezos, Tron, Litecoin, and EOS, acquire more than 80% of the total market cap.
Decentralized cryptocurrencies such as Bitcoin, have one substantial advantage - no single authority can control them. Instead, they are governed by an algorithm that’s pre-programmed and defined. This takes away the human factor and makes the entire network transparent and immutable.
Cryptos can be sent directly between two parties, in a rapid and cheap process, compared to traditional bank transfers. Since there is no central authority or a middleman, the users can go through the process without having to worry about complying with different rules.
The Latest Crypto News
Bitcoin price dropped by over 6% today, losing over $5K from its value since the high reached just yesterday at $52,500. Quick recap: BTC had found solid support at the $43K – $44K area during the start of the week
Lawyers representing Brad Garlinghouse and Chris Larsen have asked a U.S district court to dismiss the lawsuit filed by the SEC against their clients.
ADA is down by a total of 9% over the past 24 hours. This resulted in it losing the 3rd spot among the major cryptocurrencies by market cap.
Dr. Gavin Wood, the co-founder of Ethereum and Polkadot, will give a lecture at Berkeley after a partnership between the university’s blockchain program and Parity.
What appears to be the first major rug pull took place on Binance Smart Chain. Over $30 million worth of BUSD and BNB were drained.
Magnetic Co-Founder sees bitcoin topping $150,000 in the next year, while Kraken's CEO projects $1 million per coin within ten years.
The correlation between bitcoin's price and the S&P 500 has surged to a 5-month high. Is this bearish for the cryptocurrency?
Arthur Hayes has proposed to surrender on April 6th following the charges brought by the CFTC against him and other executives from the exchange last year.
Despite nearing $53,000 yesterday, bitcoin has failed to sustain its run and has dipped beneath $50,000. This happens as Wall Street also takes a beating.