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.
About 10 or 11 years ago, the world couldn't have foreseen a new class of digital currencies that would threaten to upset the global financial order. As of now, cryptocurrencies are firmly the leading tradable asset - overtaking others that were since the beginning of trading. And a cryptocurrency that's not even out yet - Libra, sent economic experts into a panic mode as they decried the influence it would have on the world's finance system.
The crypto market is flooded with thousands of coins, and every new week we hear of another one joining the bandwagon. With this level...
According to a report by Chainalysis, crypto Ponzi schemes are now the biggest crypto crime. In 2019, Ponzi schemes accounted for 92% of proceedings...
Revenue from the gaming industry is projected to increase from $135 billion to over $300 billion by 2025. As has always been the case, the industry relies heavily on new technologies to propel its growth. With blockchain technology finding use across various industries, the gaming sector is banking on this technology not just to increase the industry's revenue but also to improve gamers' experience. Besides, with the rise of eGaming, this is the best time to integrate blockchain in the gaming industry in anticipation of the crypto-market maturation.
The ability to have control of our own identities has never been more pertinent than today. This is the internet age - and that has massive implications for our privacy, security, and autonomy over our own identities. Two issues emerge: that of populations not having an identity, as well as the implications of entrusting our identities with big and powerful organizations.
Cryptocurrencies were invented so that we could have deregulated, decentralized and peer-to-peer finance. What perhaps was not factored in was how we could trade one currency for another in the same kind of environment. Centralized exchanges – which are platforms through which individuals can trade one crypto to another, fill this gap. But these exchanges are not the most ideal crypto exchange platforms – because of issues that are inherent to them, and also because they do not live up to the tenets of cryptocurrency.
Ponzi schemes are financial fraud schemes that many investors know they need to watch out for, but they don’t actually know what exactly they are, or even how to watch out for one. Never mind that clever scammers are constantly improvising new ways to cheat unsuspecting investors out of their savings. And though the idea behind a Ponzi scheme is the same, it can be bent in many ways to con others.
Since Satoshi Nakamoto introduced blockchain to the world ten years ago, the technology has found utility in all sorts of interesting places – from supply chains to healthcare to media to finance. Blockchain, a technology whose idea was floated in the computing world but only brought to life in 2009, possesses certain features that have made it a highly sought after technology. And now, dozens of industries are scrambling to get a piece of it.
What would it be like if all blockchain projects could work together? Think of a universal blockchain system - one that would be used everywhere across all industries. Take Stellar blockchain, for instance, a project that makes it easy for users to come up with cross-border transactions even in remote, high-latency areas. Vechain blockchain, on the other hand, has almost similar capabilities, but with the aim to enhance supply chain management and business processes.
Crypto newcomers will immediately notice two types of Ethereum in the space: Ethereum and Ethereum and Ethereum Classic. What they won’t know is the unfortunate story, turned intrigue, that spawned the existence of these two cryptocurrencies. Ethereum, the most popular blockchain after Bitcoin, was forced to split into Ethereum (ETH) and Ethereum Classic (ETC) in one of the most pivotal events in blockchain and cryptocurrency history.
According to a recent research article, about $4 billion worth of cryptocurrencies were stolen through security breaches in 2019. Mostly, these hacks targeted exchanges that hold a significant amount of cryptos in hot wallets - which are vulnerable to attacks thanks to their online status. And hackers are continually innovating new ways of leveraging loopholes, and even outdoing the current cybersecurity measures used by most crypto-asset holding services.
Ten years after blockchain arrived, it’s still one of the most misunderstood or plainly ununderstood technologies of our time. This is because it arrived with the fuss of Bitcoin - which was the first of what everyone knew about cryptocurrencies – themselves a misunderstood and sometimes frowned-upon phenomenon.
In the crypto world, blockchain technology is essentially a ledger system on which cryptocurrency transaction data is recorded. Every entry is permanent and immutable, meaning it can't be altered in any way. The data is then verified through consensus by multiple nodes, which are basically computers, making the technology secure and reliable.
Speaking at an interview late last year, the new chairman of the U.S Commodity Futures Trading Commission (CFTC), Heath Tarbert, said that Ethereum Futures are likely to be launched sometime this year.
Towards the tail end of 2019, Bitcoin stagnated in the ranges of $7,000 to $8,000. However, at the beginning of this year, 2020, its price increased steadily to the highs of $9,443.96 and continued to show signs of strength. As the anticipation for even higher prices continues to grow, its quite clear that Bitcoin market was in a bull run, and perhaps will continue to be bullish for the better part of this year.
Being the first of its kind, Bitcoin can be termed as the king of cryptocurrency - a position that can also be attributed to its large user base.
On top of the list of the features or advantages that made cryptocurrency really take off are the privacy and anonymity benefits that its users enjoy. Most people have come to view the anonymity that blockchain offers as synonymous with digital privacy.
The crypto community is still reeling from the news of an alleged theft of $45 million worth of crypto from an investor through a SIM-swap attack. The attack is thought to have been a $30M Bitcoin Cash Attack and a $15m Bitcoin attack.
Two attacks took the DeFi world by storm recently in what is the first DeFi major security incident. bZx, a decentralized finance protocol on Ethereum’s blockchain, endured two separate attacks after unknown persons manipulated “flash loans” and managed to drain nearly hundreds of thousands of Ether.
ETH has pulled a surprise on everyone Tuesday by posting bullish prices as high as $287 up from Monday’s low of $245.
Before we say a single thing about Bumo blockchain, we need to talk about blockchain. Blockchain is a publicly distributed ledger that records transactions between parties permanently, transparently, and in a peer-to-peer manner.
Bitcoin technology has played a phenomenal role in revolutionizing the global finance industry. Finance industry players, retail companies, and individuals understand this, hence its massive adoption across all industries. But Rootstock (RSK) sidechain developers believe that Bitcoin blockchain could be doing more. And that limitations in scalability, transaction processing, and lack of support for smart contracts the dominant cryptocoin is facing today are its biggest hindrances.
In today’s lesson, we are going to demonstrate an example of the importance of risk-reward. To be successful in price action trading, traders are to calculate risk-reward before every single entry they execute. Let us find out from the charts below the importance of risk-reward.
While trading cryptocurrency is fairly straightforward, it can be quite a draining task trying to keep tabs on market trends, considering that the crypto market never closes. On top of it all, the unpredictable market's volatility doesn't make things easier for both new and experienced crypto traders. This is where trading bots come into play.
What is Money Laundering?
nEver since Bitcoin hit an all-time high bull run in 2017, there has been speculation about its potential to hit the $1 million mark.
Public blockchain cryptocurrencies such as Bitcoin and Ethereum utilizes cryptography technology to disguise users' identity. To an extent, this protects users' privacy, making the...
The debate about Bitcoin’s scalability began almost with its very inception. A few years later, that debate tore the Bitcoin community right down the...
One of the tenets of Bitcoin, the world’s first cryptocurrency, is complete transparency. It’s therefore ironic (wonderfully so) that ten years after its launch, the world doesn’t know who its creator is, Or was. Predictably, that has led to a flurry of speculation about who designed Bitcoin, with many names being advanced as the possible candidates for the mystery creator. However, the candidates named as the potential creators have all but declined the suggestion.
Bitcoin’s underlying technology – blockchain – is hailed as an unrivaled, ultra-secure technology. And it’s true – Bitcoin’s cryptographic encryptions are some of the strongest in contemporary times. However, as is the norm with technology, the reality of ‘bigger and better’ is always looming.
The year 2019 may have been pretty uneventful for those in the crypto space. Still, if you thought the blockchain and cryptocurrency technologies had peaked, the year 2020 promises to bring with it ground shaking surprises in the crypto sphere.
Sting operations coordinated and carried out by international crime-fighting agency Interpol in Southeast Asia to stem the proliferation of cryptojacking malware has resulted in a massive 78 percent drop in infections.
Bitcoin mining was Satoshi Nakamoto’s idea to release new Bitcoins into circulation only after solving some complex puzzles. The mining system, which verifies transactions after ten minutes, was so designed in order to secure the network. And as Bitcoin has become more popular, so has mining increased.
Environmental sustainability is an issue that keeps a lot of environment-conscious people awake at night these days. With scientists ringing the alarm louder than...
Bitcoin and Litecoin are two of the most popular cryptocurrencies. Bitcoin has long maintained peak position in market capitalization, with Litecoin not far behind...
Bitcoin’s hash rate has reached an all-time high of almost 120 exahash per second. The crypto reached this milestone two days shy of its birthday – on January 1st. (January 3rd is Bitcoin’s birthday, being the day the first block of Bitcoins was mined.) On new year’s eve, Jameson Lopp, CTO of CASA, the multisig wallet company, tweeted that “Bitcoin’s network hash rate increased by 162% during 2019, from 38 to 100 exahash per second.”
Indices are a construct that’s been in the financial world for ages. Many people are already acquainted with stock indices that track the performance of the stock market as accurately as possible.
Sending and receiving cryptocurrencies has always been complicated. You always have to deal with the rather complex crypto addresses. But all this is about to change with the introduction of .crypto domains by Unstoppable Domains to the crypto world. According to the software company, the .crypto domains will gradually phase out the need for complicated wallet addresses.
It is already a cliché today to say blockchain and cryptocurrency have revolutionized pretty much every industry. Blockchain started a revolution. The old system of the banking industry and governments were quick to realize the revolutionary power of the tech. That is why there were attempts to regulate or outright ban blockchain and crypto in some countries.
The United States government has been one of the first governments in the world to embrace the blockchain technology. While it was very apprehensive of it largely because of the threat of blockchain, but it has not been long before it realized its many other benefits.
Netherlands-based cryptocurrency mining pool Simplecoin and Bitcoin gaming platform Chopcoin are shutting down over the fifth European Union Anti Money-Laundering Directive that is set to come into force on January 10, 2020. The proposed directive will require crypto operations in the EU territory to conduct Know Your Customer procedures on customers for anti-money laundering purposes.
Ten years after blockchain came to life, we’re seeing new adoptions of the technology on a larger scale than ever before. These days, barely a week passes without hearing another blockchain application in news headlines. The latest to enter the fray has been none other than sports car favorite Lamborghini – which is now using Salesforce blockchain to authenticate cars.
Sending money across borders - whether to friends and family or paying for goods and services - is expensive, cumbersome, highly inconvenient and takes a lot of time. Sending money from one country to another may have gotten better in the age of the Internet, but you will agree that there is still a long way to go before the whole world becomes one village - financially.
Bitcoin has been ranked as the best asset of the decade. This is according to Bank of America Merrill Lynch (BAML), which has made a list of the best and worst asset classes of the last ten years.
Even though blockchain is mostly known for being the technology behind Bitcoin – and other cryptocurrencies, it is more than that. And yes, the revolutionary nature of cryptocurrencies is what makes cryptocurrencies stand out from other digital currencies. Blockchain is known for many things – but its immutability, transparency, and decentralization are what make it such an object of frenzied interest, research, and even apprehension from traditional systems.
Cryptocurrency nowadays is a far cry from the time it was introduced to the world. With nearly 3,000 cryptocurrencies and more investors moving in to cash on this digital asset, cryptocurrencies are more popular than ever.
Bitcoin inspires all sorts of motivations - from noble ones to less noble ones. It’s an asset class that’s targeted by scammers at an incredibly high rate. Each year, individuals and crypto exchanges lose millions of dollars to such theft.
Blockchain is the future. Yes, the technology powering cryptocurrencies has incredible potential to change how institutions and industries work – and our very lives. When you’re talking about radical transparency
Are you considering investing in cryptocurrencies? Read on to understand just why NANO and BAT should form part of your portfolio. The meteoric rise of digital assets over the past
The very first public critique of Bitcoin right after Satoshi Nakamoto proposed it was made by James A. Donald. He said that while such a system (Bitcoin network) was very
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