Bitcoin's 2020/2021 rally is more sustainable than the 2016/2017 run as the demand for the asset has grown substantially, CoinGecko asserted.
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
Binance Coin is approaching its ATH value as the 14th quarterly BNB token burn is expected in less than 48 hours.
A recent poll revealed that most bitcoin investors would wait to see a six-digit price before potentially disposing of their holdings.
Another volatile weekend: the Bitcoin price is down by 7% over the past 24 hours after losing critical support at $36,000. Only three days ago, the cryptocurrency pushed over $40K but failed to close above the benchmark level. After failing
BSN’s new project will be focusing on the building of a universal digital payment network on its path to a better and further blockchain adoption.
Bitcoin's dominance drops to 66% as the asset dumped beneath $34,500 for the second time in 3 days. Simultaneously, Polkadot recorded another ATH above $19.
Nearly 60% of the yearly inflows into Grayscale products came during the last quarter and the Bitcoin Trust accumulated the most inflows.
Etheruem saw a strong 15% price hike today, allowing the cryptocurrency to push toward $1,300 again. Against Bitcoin, ETH penetrated above the 0.033 BTC.
Polkadot saw another remarkable 30.5% price surge today as the cryptocurrency set a new ATH at $18.15. Is $20 the next target?
The new BTC mining establishment will focus on offering expertise and financial services to crypto miners. It will also launch its own project to mine Bitcoin on a proprietary basis.