The crypto industry exudes more confidence against industry risks than outsiders looking in.
The cryptocurrency paradigm was heralded by the launch of Bitcoin (BTC) in 2008, inspiring a new technological and social movement. The goal of cryptocurrencies is to provide a medium for global, peer-to-peer transaction settlement that preserves privacy and financial security.
A cryptocurrency monetary policy is enforced through a unique blend of software, cryptography and financial incentives rather than the whim of trusted third parties such as central banks, corporations or governments. Cryptocurrencies are powered by cryptographically secure, verifiable transaction databases called blockchains, which provide their security and transparency.
A cryptocurrency network consists of a global community of stakeholders, including the validators that secure the network while adding transactions to the blockchain, the traders who speculate on these radically market-driven assets, and the builders working to onboard people to this new financial paradigm.
At Cointelegraph, we are chronicling the ongoing story of cryptocurrency and the rise of a borderless, permissionless financial system. How will industry stakeholders work to make crypto a mainstay in people’s lives? How will crypto investments change the paradigm of the current financial system? And will incumbent and legacy systems accept or fight this change?
Stay tuned: Cryptocurrencies are going to play a big role heading into the future.
Blockchain and cryptocurrency have great potential to help us, especially in these challenging times of the global coronavirus outbreak.493
But it remains unclear where KuCoin is actually headquartered.3045
Taking blockchain tech from buzzword to essential technology should have a singular focus: Making it useful for people’s everyday lives.1462
“Regulators can get comfortable with privacy-enabling cryptos,” Gemini says.1731
As the U.S. Internal Revenue Service continues to clamp down on crypto, one trading platform allows consumers to gain exposure to Bitcoin on a tax-free basis.1512
The owner of a Bulgarian crypto exchange has been convicted of providing money laundering services to a Eastern European cyber fraud syndicate.4011
OpenBazaar received a temporary lifeline, but they aren’t out of the woods yet.5385
For the U.K. to remain attractive to the crypto industry, it should strive to provide more clarity and certainty around compliance.2668
The user claimed to have lost a massive amount of money due to Bithumb’s negligence.1669
The CFTC is looking to make an unregistered foreign platform pay back U.S. investors in its crypto futures, suggesting expanding jurisdictions.6363
Banking will not become decentralized, but with blockchain, it will become accountable for both banks and clients.5247
He isn’t surprised attacks happen.4630
But with Bitcoin demand on the rise, can we expect more scarcity?35129
Cryptocurrency may emerge as a more widely adopted means of exchange as consumers grow increasingly comfortable with cashless transactions.13637