A Crypto daily topic is a hot piece of news, amazing fact about cryptocurrencies or some aspect of it in regards to trading, regulatory, market manipulation, heated debates in social networks, and the like.
Digital payments company PayPal is planning to start facilitating direct crypto sales to its 325 million of users, per a report by CoinDesk. The publication says it spoke to three people familiar with the issue.
The real estate market is one of the oldest markets characterized by slow, paper-dependent processes causing significant delays in the change of property ownership. The transactional friction can be blamed on the complex architecture of the market that involves multiple stakeholders, large amounts of money, and numerous regulations that are dependent on jurisdiction. On top of it all, each transaction has to go through myriad middlemen, from the listing agent to banks and everything in between - resulting in unprecedented transaction costs.
Blockchain offers a ton of promises: the ability to create decentralized applications (a new kind of applications that are self-governing and uncensorable) and smart contracts (self-executing, intermediary-free, and low-cost contracts). This presents an opportunity for positive disruption of almost all types of industries: from social media to finance to insurance to prediction markets to online gambling, and many more.
For the past few years, there has been a lot of hype surrounding blockchain - a technology believed to be one of the pillars that will support the 4th industrial revolution. Well, the craze around this revolutionary technology is justified, given the immense benefits it offers to every major industry. To be more specific, data immutability, decentralization, and security; are just some of blockchain's fundamental properties fuelling the interest in this new technology.
The world has advanced in so many ways, but somehow, we constantly have to prove our Identity every other time we need to interact with a new service provider. And on top of that, centralized entities such as governments own our personal identification information. There's also the issue, in underdeveloped countries, of people lacking basic services because they can't prove their Identity.
Cryptocurrency was always a disruptor. It's about disrupting centralized financial systems and handing back the power of money to the people. For this reason, it's hardly a surprise when the space shows the world how to do other things in entirely new ways.
Since time immemorial, the world has run on centralized systems. But centralization has proven to have its own challenges, such as bureaucracy, slow decision-making processes, and single points of failure. On the other hand, a decentralized model offers room for more timely decisions. And it eliminates a single point of attack.
Coinbase, the largest cryptocurrency exchange in the US, has offered to procure Coinbase Analytics, its analytics platform, to US agencies, including the Internal Revenue Service (IRS) and the Drug Enforcement Administration (DEA). The Block broke the story on June 5th.
Blockchain is best known as the underlying technology that supports cryptocurrencies. Bitcoin, in particular, is credited as the first cryptocurrency to bring blockchain into the mainstream. But supporting cryptocurrencies is just the tip of the iceberg when it comes to the potential of this disruptive technology.
Ethereum brought to life the idea of smart contracts - which were initially proposed by Nick Szabo in the early 90s. After the introduction of blockchain, smart contracts were designed to run on this new technology, where they autonomously and transparently execute a function when specific conditions are met. Thanks to their fundamental trust-less feature, smart contracts have eliminated the need for third-parties, making transactions frictionless and more affordable.
We are currently living in the information age, thanks to the proliferation of IT in all spheres of everyday life. From a simple walk down the street, a visit to the nearby grocery store, to the time you curl up on your couch at the end of a long day, you are bombarded with numerous sources of information. Think of billboards, unending newsfeed on your social media account, and round the clock news from the mainstream media.
Ever since cryptocurrency and blockchain first captured mainstream attention, the entire space has been met with a lot of skepticism and hostility. Much of the distrust has come from governments and central bank regulators who are afraid of losing influence over their economies, particularly the financial sector.
Arbitrage trading is a widespread concept in the stock market that entails capitalizing price imbalances between markets. Essentially, an investor buys an asset in one market at a lower price and proceeds to sell it in another market where the same asset is priced slightly higher.
Trading crypto-assets is a tad different from trading such other assets as commodities and stocks. Even though they almost share the same trading platform and trading tools, there is a striking difference in how the operations are executed in each market.
Bitcoin and Ethereum are widely lauded for pioneering the blockchain and smart contract technologies, respectively. While this has paved the way for a litany of similar technologies, the scalability challenge inherent to blockchains remains the most significant hindrance preventing decentralized blockchains from replacing centralized data systems.
The rise of the technological revolution has given birth to data-driven businesses. Organizations now collect large volumes of consumers' data that is analyzed to make strategic business decisions that help drive profitability. The collection of massive consumers' datasets, which is commonly known as Big Data, has become an established industry on its own with its revenue projected to grow to $103 billion by the year 2027.
With the growing number of cybersecurity threats, online privacy is becoming a huge concern for most internet users. As such, privacy-conscious users will likely prefer using cryptocurrencies to fiat or debit cards for financial transactions.
Cryptocurrencies were specially designed to give individuals power and control over their finances. But this big vision has been marred by cryptocurrencies' association with crime. Such a negative perception threatens to derail cryptos from achieving their intended mission as it attracts the attention of governments and other regulatory agencies.
On Tuesday, Bitcoin looked like it would finally surge past the hotly-anticipated $10,500. However, the coin ended up plummeting by more than $800 in under only 5 minutes. The sell-off started at 9:45 a.m. ET, when the cryptocurrency was changing hands for$10,137. By 9.49 a.m., the price had dipped to $9,298. At the time of writing, the currency is trading at $9,643.51.
It is now common knowledge that Bitcoin was not only the first cryptocurrency in history, but the blockchain network on which it runs is the most secure in the world, thanks to its ever-growing hash rate.
The number of service providers that accept Bitcoin grows day by day. Nowadays, you can use Bitcoin to pay for all manner of things, from furniture to food to laptops to college. And now, Bitcoiners who are also gaming enthusiasts have a reason to celebrate.
Satoshi Nakamoto's vision was for Bitcoin to be a digital currency that could be transferred between users in a fast and secure manner. However, if he intended for the network to one day compete with established payment systems, then he probably did not take into account the scalability level that Bitcoin would need for that to be possible.
Almost every week, we hear of another new crypto project being launched that will solve an existing problem or fill a gap in the crypto ecosystem. Even if it's not geared towards the crypto space, entrepreneurial types may be interested in starting a crypto-related business.
Bitcoin is not just a currency. It's a revolution that has inspired an entire movement of believers, enthusiasts, and diehards. These groups of people have carved out spaces online and offline to exclusively talk and discuss everything about Bitcoin from the present, to the future, to prices, market trends, and everything in between.
Most crypto holders believe trading is the only way to make money from their crypto holdings. On the contrary, cryptocurrency today offers many possibilities for individuals to boost their crypto savings and grow their investments. One of these is via crypto lending, whereby you loan out part of your crypto assets and earn interest.
The world of crypto trading can be murky. To a large extent, this is attributable to the still-novel nature of cryptocurrencies and blockchain. It can also be due to the sheer volatility of the markets that can catch even the most experienced trader off-guard at any time.
The blockchain and crypto space can be quite intimidating for anyone trying to find their way for the first time. Granted, most people want to get straight to the basics of crypto trading, selling, and buying.
Crypto subjects are not for the faint of heart. They're sometimes highly technical by nature, and with the unpredictable prices of the crypto market, it can be harder to keep up with what's going on. Of course, when it comes to crypto trading, every latest piece of news of your favorite crypto is important. This is true for the traditional stock market, but even more so for the crypto market, which is affected by the smallest events.
Cryptocurrency is an internet-based currency that's faster, has lower transaction fees, prevents the problem of double-spending, and facilitates confidential transactions. These features have a massive appeal for any currency.
The crypto and blockchain worlds are oftentimes referred to as cryptoverse or blockchain verse for simply being an independent and relatively new financial ecosystem. From the concepts to the unique language, it can be overwhelming to play catch up with all the words and phrases, especially if you are new to the trade. For instance, what is a blockchain? What does "HODL" or "mooning" mean?
The allure of cryptocurrency has drawn millions into the craze. The stories of people becoming millionaires overnight during the 2017 boom are too irresistible. As such, it's easy to have an unrealistic view of how people make money off crypto trading.
About eleven years since we had the first cryptocurrency, the asset class is more popular than ever. Millions of people are using cryptocurrencies as a store of value, as a trading instrument, and still, others are using the asset class as an exchange of value.
Ripple arguably is one of the most popular cryptocurrencies and the third-largest by market capitalization. The blockchain network is, however, best known for its facilitation of ultra-fast and near-instant cross-border money transfers through its real-time gross settlement system (RTGS). Here, transactions are powered by the Ripple (XRP) token, which acts as the mediator between currencies.
Recent studies show that it costs about $6,000 for a financial institution to onboard a new client. Moreover, collating the data of the new customer may end up taking 2 to 4 weeks, depending on a country's regulation.
Blockchain technology continues to dominate headlines across the world thanks to its revolutionary solutions. In fact, an almost never-ending list of projects have been rolled out in various industries, demonstrating the benefits of this technology.
The third Bitcoin halving event, which happened on May 11, brought mining rewards from 12.5 BTC down to 6.25 BTC per block. This halving raised many questions, mostly on the topic of how the price will react to the halving and if Bitcoin has already "priced in" the halving.
The current world's state of affairs could use more representation, more equity, and more fairness. From disproportionate distribution of resources to corruption to inequalities to the monopolization of technologies for the benefit of the wealthy, the current system is massively fractured. Unfortunately, these issues get trampled on as people lack a clear voice with which to voice their disenfranchisement.
Bitcoin's third halving will take place today around 6.50 pm GMT. At the time of writing, Bitcoin is trading at $8783.94, with 18, 374, 362 bitcoins in circulation. The halving will take place at block height 630,000. At the time of writing, we're at block height 629, 951. The halving will see mining block rewards reduced from the current 12.5BTC to 6.25 BTC.
Times are gone when Bitcoin was a fringe currency and a fleeting phenomenon not worth much attention. Today, the cryptocurrency has broken into the spotlight and rallied an entire industry of cryptocurrencies into the center of finance. So much that even pop culture has started paying attention.
In the last few years, the concept of decentralization has gained a lot of attention across all industries. This has been fuelled by the entry of blockchain technology, which has supported the growth of numerous cryptocurrencies.
ICOs have revolutionized the way startups raise funds for their projects. Generally, it involves the selling of a company's token in exchange for fiat currency or even popular cryptocurrencies such as Bitcoin and ETH.
Blockchain is being used in the fight against Covid-19, the novel disease that emanated from China's Wuhan in December last year and has spread to almost every territory in the world. As at the time of writing, 98, 387 people have died from the disease, and a 1, 633, 083 others have been infected.
If you were to ask a few people what makes Bitcoin a special internet currency, you'd most certainly hear that "Bitcoin is anonymous." That's because that's the song sung on social platforms and drummed in by the media constantly.
Cryptocurrencies have generated a variety of opportunities for investors to make money. Perhaps the most common one is the commercialization of mining, which by itself is rewarding, but the overhead costs can sometimes exceed the rewards.
The crypto world has almost gotten used to stories of hacking by now. Almost every month, a crypto exchange suffers a security breach that puts user information and funds at risk. Some of the time, the exchange manages to recoup the lost funds, other times, not so much.
Facebook garnered tremendous attention in 2019 when it announced that it was creating a cryptocurrency called Libra. The announcement was met with the coldest of shoulders by regulators around the world, with declarations going from Libra "must be stopped" to the project was "serving private interests."
It's been slightly more than a decade since Satoshi Nakamoto, the creator of Bitcoin, presented us with blockchain. Bitcoin itself has had a long walk to the globally recognized and successful currency that we know today. Along the way, it has inspired thousands of more cryptocurrencies that have since solidified themselves in the finance arena. Along the way, as well, the world has discovered that a lot more can be done with blockchain.
Bitcoin is famously pseudonymous, meaning while your transactions are not directly linked to you and you don't use your real name while transacting on the network, a Bitcoin address can still be traced to you by a person that's determined enough. This is an issue that Bitcoin users have always grappled with: a lack of guaranteed privacy.