Citibank, the consumer division of the banking giant Citigroup, has issued a report offering guides to organizations looking to embrace cryptocurrencies.
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
The exchange has reconsidered the launch of its lending service following the threat of a lawsuit from the SEC, with whom it's been at odds recently.
SuperRare joined forces with the Mercury Phoenix Trust to offer an NFT collection of Queen's legendary frontman - Freddie Mercury.
During the marketwide pullback, XRP fell below $1 as the important 200-days MA resistance comes into play.
Ethereum is down a sharp 11.5% today as it battles to hold the support around $3000. Against BTC, ETH dropped beneath the 50-day MA.
The debt crisis of Evergrande - one of China's largest companies, looms over the markets and spreads beyond properties. What does it mean for Bitcoin?
After a week of global stocks selling off and BTC managing to hold quite well, the pressure continues as SPX futures dropped sharply as fear and uncertainty regarding Evergrande’s $300B debt crisis remain. Investors need to be cautious as the
Another hack in the decentralized finance space has resulted in more than $12 million in bitcoin swiped.
The crypto market cap is down by $150 billion, total liquidations are more than $800 million in 24 hours, as bitcoin dumped below $45,000.
El Salvador continues with its bitcoin accumulation by purchasing another set of 150 coins.