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.
Miners serve as record-keepers for cryptocurrency communities, and indirect arbiters of the currencies’ value.
.
HomeCoronavirusCoronavirus HomeYour Coronavirus StoriesClimateVideoWorldWorld HomeAfricaAsiaAustraliaEuropeLatin AmericaMiddle EastUS & CanadaUKUK HomeEnglandN. IrelandScotlandWalesIsle of ManGuernseyJerseyLocal NewsBusinessBusiness HomeMarket DataNew EconomyNew Tech EconomyCompaniesEntrepreneurshipTechnology of BusinessEconomyCEO SecretsGlobal Car IndustryBusiness of SportTechScienceStoriesEntertainment & ArtsHealthHealth HomeCoronavirusIn PicturesReality CheckWorld News TVNewsbeatLong Reads
Cryptocurrencies work using a technology called blockchain. They are tokens that can be used as a form of payment in exchange for online goods and services. They carry a pre-determined store value of their own, just like any other fiat currency like the US dollar or the Indian rupee. Cryptocurrencies are digitally mined, where very sophisticated computers solve extremely complex computational mathematics problems. Their mining is painstaking, costly and only sporadically rewarding.
ServicesSign Up To The SunAbout UsEditorial ComplaintsClarifications and CorrectionsNews LicensingAdvertisingContact UsHelp HubTopic A-ZCookie SettingsContact Preferences
While Bitcoin tumbled, Ethereum was heavily rejected on Oct. 21 as it approached its mid-May all-time high at $4,380.
But whether that growth is sustainable, and what it means long-term, is still in question. “This crypto, blockchain technology, the public interest in it right now is being driven by a kind of speculative fever,” says Dr. Richard Smith, executive director of the Foundation for the Study of Cycles, a nonprofit organization dedicated to studying recurring patterns throughout economies and cultures.
Cryptocurrency market is down 2.24% on the last 24 hours (2.15pm, Thursday 11 November).
Zimbabwe is looking at adopting cryptocurrency as legal payment, top government official says
If you already have a wallet on the Binance Smart Chain, getting Safemoon is as simple as exchanging it for any other token in your wallet on a decentralized exchange (DEX) such as PancakeSwap.
Cryptocurrency prices continued to tumble Friday with Bitcoin leading the charge, with prices for the internet currency dipping below $50,000 for the first time since early March.
He would be replacing Valery Vavilov, who will stay on as Bitfury’s “chief vision officer.”
Play iconA circle surrounding a triangle pointing right. It indicates, "this type of media can be played."Brighter Future with Prudent Investments
News Crypto Analytics DeFi Weekly Finance ICO NFT Technology NFT Featured Infographics Metrics Top X VS What is Reviews Press Releases
As long as prices avoid closing below this barrier, odds favor a resumption of the uptrend toward a new all-time high at $4,574.
The liquidity pool of a crypto exchange is important because it determines what kind of crypto can be exchanged or traded and how much each trade will change the price. The liquidity pool is the total of all of the currency deposited on the exchange by every trader. If this pool is small, then every transaction can have a noticeable effect on the price of the crypto in the exchange. This instability makes it very difficult for a trader to predict how much of each currency they can get at any given time.
New short-term investors who are selling their holdings in reaction to the drop may be influencing the continued dip in Bitcoin’s value, according to a recent report from Glassnode Insights, a blockchain analysis firm.