The global financial markets took a serious hit this month amid the growing fears of the spreading novel coronavirus (COVID-19). However, amid times of economic uncertainty, investors often turn to gold as a hedge to protect their portfolios. According to
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 development funding state of Bitcoin Core is at a healthy level, according to a report compiled by BitMEX Research. They came to this conclusion by examining the leading organizations and individuals funding open-source Bitcoin and Lightning development. A Healthy
A new fraud involving Bitcoin QR code generators has seen more than $45,000 worth of BTC stolen from victims in the last month alone. At least nine websites deceived users into entering their Bitcoin addresses and converting them into a
Ethereum continues to struggle as it remains beneath $130 today with a small decline. The cryptocurrency fell below the ascending triangle consolidation pattern, bringing in another bearish scenario for ETH. Against Bitcoin, Ethereum managed to rebound from support at 0.0201
Dan Morehead CEO & Co-Chief Investment Officer of Pantera Capital, a crypto hedge fund, says the Bitcoin price is set to surge during this economic crisis. In fact, Morehead predicts the Bitcoin price could reach a new all-time high within
The Singapore-based blockchain company, Algorand Foundation, has launched an application called IReport-Covid to help the fight against the novel COVID-19. Users can fulfill a survey, which will soon be publicly posted on the Algorand blockchain to ensure free and constant
In times of severe volatility, trading volumes typically go up, and the last couple of weeks are no exception. Binance, the world’s leading cryptocurrency exchange, has decided to create a trading tournament where users can team up and share in
XRP dropped by a total of 3% today as the cryptocurrency falls beneath the $0.17 level. The coin managed to break above the previous ascending triangle but fell from resistance at $0.191. Against Bitcoin, XRP increased by 13% over the
Bitcoin’s price might reach $350,000 in the years to come, according to a recent report compiled by the popular U.S. cryptocurrency exchange, Kraken. It indicated that Millennials will soon inherit trillions of dollars, which the younger generation could invest in
An alliance consisting of Chinese government groups, banks, and technology companies will launch the Blockchain-based Service Network (BSN) in April. The innovative platform will be among the first maintained by a central government. It will allow participants to operate on