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.
Leaked FinCEN documents reveal that massive banks have transmitted trillions of dollars related to suspicious individuals and known criminals. At the same time, Bitcoin continues to receive the blame for its alleged involvement in criminal activities.
The Medalla testenet for Ethereum 2.0 is still chugging along, but not all validators that have contributed to it are confident about staking on the real thing when it is finally launched.
The Winklevoss twins-led Gemini cryptocurrency has officially launched operations for its entire range of services in the UK.
The cryptocurrency market has followed gold and Wall Street by losing substantial chunks of value. Bitcoin has dropped by 2% to below $10,300.
Following a governance vote, it has been decided that vault owners affected by the Black Thursday crash in March will not be compensated.
Venezuela's government creates a state-owned mining pool and prohibits miners to contribute hashpower outside of it.
NASDAQ-listed MicroStrategy bought 38,250 bitcoins in a month. Different theories explore whether or not this purchase impacted BTC's price.
Korean exchange Bithumb is reportedly for sale. Local news outlets reveal that the price is in the range between $430 and $600 million.
Popular venture capitalist Chamath Palihapitiya said that despite making several "great" investments, nothing can compare with his Bitcoin bet.
A year after its launch, Binance Futures marks a significant achievement with over $1 trillion of trading volume since the start of 2020.