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Why is the Solana (SOL) Price Up Today?
Standard Chartered Ups Bitcoin Prediction by 50%, $150K by 2024 End
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El Salvador’s Bitcoin HODL Strategy Pays Off as Nation Sees 55% Profit
SOL Heads for $200, AVAX Soars 12% Daily, and BTC Eyes $70K Again (Weekend Watch)
Binance Labs Quietly Transitions to Independent Entity From Binance
Crypto News
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.