A few months after listing Dogecoin, eToro has enabled its users to trade with another popular meme token - Shiba Inu (SHIB).
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
Wealthfront customers can now invest up to 10% of their portfolios into GBTC and ETHE by using the company's platform.
The Mexican authorities identified 12 unregistered local cryptocurrency platforms that might have connection with the Jalisco drug cartel.
BTC has definitely surprised market participants lately after a 10-day green streak, managing to break above $40K. Just overnight, BTC staged a last-minute rally and made the first daily close above the top of the trading range closing at $42.2k.
The crypto market cap is back above $1.6 trillion for the first time since mid-June as bitcoin reached its highest price line since May.
The number of large institutions accumulating bitcoin continues to increase, with the latest example coming from GoldenTree.
Mastercard CEO Michael Miebach said in an earnings call that it is important for the company to be in the cryptocurrency space.
Amid the recent recovery in Bitcoin's price to $40K, there are both bullish and bearish arguments to be made for the upcoming future, based on on-chain data alone.
Leading cryptocurrency exchange Binance has completed the integration of Polygon mainnet to support deposits and withdrawals of the MATIC mainnet token.
This week Bitcoin surged by an impressive 20%, ending weeks of prolonged consolidation and choppy price action, leaving millions of short positions liquidated.