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.
Crypto commerce in Ireland is about to become a lot more regulated, with lawmakers in the country ready to introduce laws targeted at combating cryptocurrency-related money laundering. Wallets and Exchanges to Come Under Scrutiny in Ireland According to the Irish
China's ambitious Blockchain Service Network targets international developers following the launch of its global website.
Ethereum saw a small 1.7% price increase today as the coin reached the $395 level. The cryptocurrency has struggled to break above $398 for the past four days. Against Bitcoin, Ethereum continues to remain supported at the 0.0326 BTC support.
XRP saw a small 2% price rise today as it reached $0.295. The coin dropped by a total of 3.4% over the past week after it reached the $0.313 level. Against Bitcoin, XRP found support today at 2435 SAT (200-days
Earlier today Bitcoin nailed $12,100 for the second time in nine days. Unless BTC breaks above, this double-top pattern might send Bitcoin to retest lower support areas in the short-term.
The price of YFI has increased by more than 40% today alone, following its listing on Binance - the world's largest cryptocurrency exchange.
The New York State Department of Financial Service has licensed eight cryptocurrencies for sale and trading and ten for custody.
The supply of MakerDAO’s stablecoin Dai has hit an all-time high as decentralized finance markets continue to grow, making their own new milestones.
Bitcoin tries to break above $12,000, while Chainlink paints a fresh all-time high. The rest of the market shows no signs of reducing its high volatility with some impressive double-digit price pumps.
Experts managed to retrieve $300,000 worth of Bitcoin after unlocking a zip file, the password of which had been long forgotten by its owner.