Most of the cryptocurrency market is somewhat stagnant this weekend with bitcoin trading above $60,000 and ETH at $4,100.
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 price of Shiba Inu (SHIB) surged by double-digits in the past 24 hours and tapped a new all-time high.
The founder of Avalanche believes that DeFi and the crypto ecosystem will truly succeed if and when stablecoins lead the global marketcap.
A recent report claims that about 3.1 million email addresses belonging to CoinMarketCap users were leaked and are being traded online.
According to the research, younger Americans know and invest significantly more in the digital asset market than the older age groups.
Shiba Inu (SHIB) surged more than 20% in less than four hours today and is close (11%) to reaching its all-time high set on May 10, 2021.
Solana (SOL) rallied 30% and almost touched the all-time high levels of $216 after breaking out above a pennant formation. SOL missed the ATH price by just $1, according to Binance. Key Support level: $192, $177 Key Resistance level: $216
Google's team, together with its partners, had decreased the number of related phishing emails on Gmail by 99.6% since May 2021.
The Australian Senate Committee has suggested that the country should create a robust and friendlier regulatory framework for the crypto industry.
Bitcoin lost more than $7,000 in a few days and dipped below $60,000. Ethereum also went down hard after failing to chart a new ATH.