Goldman Sachs-backed crypto custodian BitGo has acquired a New York Trust license to operate as an independent custodian in the state.
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.
Vietnam’s Ministry of Finance reminded the public that cryptocurrencies have no legal framework in the country.7650
With major exchanges suffering outages and hacks, and some abruptly suspending withdrawals, are wallet platforms a more compelling alternative?1147
Coinbase CEO Brian Armstrong’s estimated wealth surged 10-fold over the past year to hit $11.5 billion, according to China’s Hurun Research Institute.10484
One of the largest banks in Colombia, Banco de Bogotá, will pilot crypto services as part of a regulatory sandbox project.2488
Bitcoin bulls are looking to eliminate a key overhead resistance level in order to create a path to $55,000.21325
Ocean Protocol’s new governance features and the ability to yield farm OCEAN tokens are improving the fundamentals of the decentralized data monetization platform.15286
Plans to introduce staking and the recent listing on Kraken pushed Energy Web Token’s trading volume and price to a new all-time high.11168
Now that Bitcoin price has flipped $50,000 back to support, small and large-cap altcoins are gearing up for a move higher.19750
A decentralized ecosystem that secures everything from identities to transactions has announced that the total supply of its native token is decreasing following a community vote.7342
Kings of Leon returns after a four-year break with an exclusive album NFT sale.7244
A DeFi lending platform says that it’s aiming to tackle downsides in stablecoins — and is planning to launch on the Binance Smart Chain within weeks.3881
Kentucky needs to attract more crypto mining businesses by offering tax breaks, local lawmakers believe.10932
Utah-based startup TaxBit prepares to provide global crypto-oriented tax expertise with a newly raised $100 million.9057
K bank, the major fiat on-ramp for South Korean crypto exchange Upbit, has set its sights on going public in 2022.3076