Paraguay Wants to Jail Illegal Bitcoin Miners for Up to 10 Years as Local Mining Booms
Paraguay is now pursuing a jail term for illegal miners for up to 10 years, instead of the earlier considered blanket ban on all mining.
Paraguay is now pursuing a jail term for illegal miners for up to 10 years, instead of the earlier considered blanket ban on all mining.
With the approved plan to distribute $3 billion to customers, Gemini is poised to commence fund distributions to those affected by the Genesis liquidity crisis in 2022 through its Earn program.
On-chain data shows short-term Bitcoin (BTC) holders have been offloading to long-term holders, a characteristic of an inevitable uptrend.
The Bitcoin community is now working on introducing smart contracts-like functionalities and exploring innovations like OP_CAT, which proposes a network software upgrade to boost the Bitcoin blockchain programmability.
The activity of BounceClub will help those who want to launch their CeDeFi products using BounceBit’s widget.
Hudson Jameson, vice president at Polygon Labs, appreciated Drake’s transparency, along with David Wong, the co-founder of zkSecurity, who termed Drake’s post “next level transparency”.
Most of the losses came from traders who had taken long positions, hoping for a rise in the value of BTC and Ether.
Despite the overall market slump, five tokens, including MEME and ORDI, maintained their value amidst a challenging environment
The new achievement by Notcoin offers insight into the future of decentralized applications, as developers can also leverage Telegram and TON blockchain ecosystems to create innovative and formidable projects.
The depeg situation of Synthetix’s sUSD has once again highlighted the vulnerabilities within DeFi systems and the impacts of liquidity shifts.
For the average millennial or at least anyone that pays attention to the business world, the term “cryptocurrency” would not seem like such a strange word. If that is, then the terms Bitcoin, Ethereum or at least Blockchain should ring a bell. One might wonder, why are these terms suddenly so prevalent, especially cryptocurrency news? Computing is getting rather pervasive and the society is leaning towards digital services. The finance world too isn’t spared as the disruption of technology into this sector has fostered the birth and development of Fintech organizations.
These Fintech organizations look to digitize payments and transactions, offering the same services that are currently in existence but in a better, efficient and more effective way.
Blockchain is the network upon which most of these cryptocurrencies operate on. The history of blockchain and bitcoin, in particular, does not have a definite story. In 2009, an individual or group of individuals known to be “Satoshi Nakomoto” developed and published the technology to allow people make digital payments between themselves anonymously without having an external party to verify or authorize the transfer of the currency being exchanged.
Although technologies like this might seem rather complex, understanding how Blockchain works is quite easy, given that one has a basic idea of how networks work. Blockchain is simply a database shared between several users, containing confirmed and secured entries. It is a network, where each entry has a connection to its previous entry.
This technology affords a very secure model whereby every record in the database cannot be tampered with. Apart from the stellar security that this network offers, the transparency and speed at which the network operates give it an edge over the conventional way of conducting transactions.
In simple terms, cryptocurrencies are just monies in digital form, transacted via digital means and over a digital network. The transfer of these currencies is utilized with cryptography and the aforementioned blockchain network. Up until the 2010s, cryptocurrencies were not really known until Bitcoin made its breakout and this gave rise to the birth of new cryptocurrencies.
Cryptocurrencies have had their fair share of bullish and bearish trends, going to show how unstable they can be. The latest cryptocurrency news reports lots of people predicting prices for various cryptocurrencies in the years to come but no-one can say for sure.
Blockchain, on the other hand, is making its way into pervasive computing, especially IoT, giving way for the development of new solutions that embrace data security and transparency.