In an exclusive interview with Cointelegraph, Peng Zhong, CEO of Tendermint, the core developer of the Cosmos blockchain, discussed recent cutting-edge advancements in the ecosystem.
Cryptocurrencies have seen an explosion in popularity since they rose to prominence in 2009 and there are now over two thousand in existence. Some of the ‘major’ cryptocurrencies include Bitcoin, Ethereum and Litecoin. These are among the most traded cryptocurrencies worldwide, with the largest market caps.
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In the wake of both Coincheck’s hack–as well as a big one that hit the South Korean exchange Coinrail–governments in East Asia began to crack down. Over the course of a few months, China, Japan, and South Korea all announced different measures to better regulate crypto-trading. The world was watching to see if this new technology would hit the mainstream–and government crackdowns following gigantic hacks helped poison the public perception.
CryptoTV by CoinSwitch Kuber | Kavita Gupta, Founder - Delta Blockchain Fund, FINTECH.TV
In June, the Chinese Government cracked down on considerable crypto mining operations taking place in the Sichuan province and demanded that Chinese banks and payment channels stop supporting decentralised and anonymous crypto transactions.
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Binance begins to restrict US users ahead of regulatory-compliant exchange launch
GURA: As the industry continues to grow and as the popularity and price of cryptocurrencies skyrocket, Davidson says he and his colleagues have to get moving, even if it involves a big fight. David Gura, NPR News, New York.
Bitcoin set another new all-time high Wednesday afternoon over $68,000. And then it promptly dropped down to below $65,000, where it remains Thursday morning.
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Expect continued conversations about cryptocurrency regulation. Lawmakers in Washington D.C. and across the world are trying to figure out how to establish laws and guidelines to make cryptocurrency safer for investors and less appealing to cybercriminals.
An NFT marketplace is used to list NFTs and ensure they are accessible for trading.
Non-Bitcoin cryptocurrencies are collectively known as “altcoins” to distinguish them from the original.
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For those who invest in crypto for the long-term using a buy-and-hold strategy, swings like this are to be expected. The recent dips are nothing to be overly worried about, according to Humphrey Yang, the personal finance expert behind Humphrey Talks, who says he avoids checking his own investments during volatile market dips.
Coins are designed to be used as a kind of currency and are created on their own blockchain. For example, Ether is a cryptocurrency based on the Ethereum blockchain.