Bitcoin technology pioneer Adam Back explained that there’s a greater financial incentive to creating altcoins compared to building on Bitcoin.
Cryptocurrencies News
The definition of a cryptocurrency is a digital currency built with cryptographic protocols that make transactions secure and difficult to fake. The most important feature of a cryptocurrency is that it is not controlled by any central authority: the decentralized nature of blockchain makes cryptocurrency theoretically immune to the old ways of government control and interference. Cryptocurrencies make it easier to conduct any transactions, for transfers are simplified through use of public and private keys for security and privacy purposes. These transfers can be done with minimal processing fees, allowing users to avoid the steep fees charged by traditional financial institutions.
However, the latest news on cryptocurrencies indicates that because cryptocurrencies are devoid of a central repository, a digital cryptocurrency balance can be wiped out by a computer crash, a hack, and other unexpected events.
- News
- News
The U.K. government has stressed that is up to regulators, not the executive, to decide on a proposed ban on certain crypto derivatives for retail investors.
- News
The prosecutor for the Silk Road case says that the fiat-dominated financial system is inept at tackling the very thing it purports to worry about when it comes...
- News
New York-based crypto custody startup Casa has released a new security protocol and service focused on helping people address the question of Bitcoin inheritanc...
- News
Cryptosteel has launched its Cryptosteel Capsule, a physical backup device for the offline storage of Bitcoin private keys, passwords and wallet recovery seeds.
- News
Web browser Opera now supports payments with Bitcoin directly inside the browser.
- Market Update
After turning green earlier in the day, cryptocurrency markets have been trading sideways, with Bitcoin continuing trading around $8,200.
- News
by Joeri Cant
SIM swapping victim Michael Terpin wrote an open letter to FCC Chairman Ajit Pai to take action against this type of fraud.
- News
by Joeri Cant
FinCEN Director Kenneth Blanco says that the agency expects fintech firms that provide anonymous services to comply with Anti-Money Laundering standards.
- News
by Joeri Cant
The Algorand Foundation announced that its blockchain platform is now certified for Sharia-compliant financing.
- News
Heritage Foundation economist Stephen Moore is planning to release a stablecoin that relies on a fractional reserve.
- Interview
by Horus Hughes
UNICEF’s decision to accept donations and distribute humanitarian aid in Bitcoin and Ether proves that cryptocurrency is changing the world one day at a time.
- News
by Helen Partz
Binance CEO said that Russian users will be able to buy crypto on Binance directly using Russian ruble in “about two weeks.”
- Use Case
Libra has gotten off to a spluttering start in the eyes of regulators. But could central banks swoop in and save the day?
- News
Bitcoin IRA has partnered with digital asset lending firm Genesis Capital to offer investors the opportunity to earn interest on cryptocurrency and cash holding...
Editor’s Choice
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- Opera Becomes First Major Browser to Enable Direct Bitcoin Payments
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- Bitcoin Price Turns Boring Again as Traders Consider Chances of $8.5K