The OMG token surged by 20% as Genesis Block Ventures announced it had acquired the Ethereum layer-2 scaling solution.
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
Ethereum dropped by almost 5% over the past 24 hours as it falls to $585. Against Bitcoin, ETH has been rangebound between 0.0318 BTC and 0.031 BTC in the first few days of December.
Indian traders may soon be required to pay taxes on their crypto gains as new reports claim that the country's tax authority is in possession of investors' data.
The AAVE token price jumped by nearly 15% shortly after the project announced that Aave V2 is live on the protocol's mainnet.
Bitcoin holds the potential to be a store of value but is not there yet because of its explosive volatility, feels the head of Fidelity Digital Assets.
Bitcoin was stopped at $19,600 but still trades above $19,000. Untypical stagnation among the alts raises speculations if this is the calm before the storm.
Audio streaming giant Spotify wants to integrate bitcoin, stablecoins, and other cryptocurrency assets as a means of payment for users.
Investors who bought bitcoin this year on the basis of this rare indicator have logged serious gains. And after 5 months it has flashed again.
Index provider S&P Dow Jones Indices has partnered with crypto-based Lukka to launch cryptocurrency indexes following 550 of the leading coins.
The Bluzelle distributed database project has launched its second and expectedly final incentivized testnet before the launch of its mainnet.