QuadrigaCX Co-Founder Grilled by British Columbia Authorities, Here’s Why
Records submitted to the British Columbia Supreme Court indicate that Michael Patryn is suspected of having obtained the assets illegally.
Records submitted to the British Columbia Supreme Court indicate that Michael Patryn is suspected of having obtained the assets illegally.
With its monthly provision of PoR, which allows users to estimate the company’s health, the exchange has continued to prove to users that their funds are safe.
Dogecoin (DOGE) price rallied above 20 cents for the first time in more than two years, thus indicating strong conviction from investors on dog-themed meme coins.
Experts predict that the trend toward asset tokenization will continue to gain momentum.
Animoca Brands Chairman said that HKD-pegged stablecoins would help Hong Kong create unique position for itself in the overly crowded crypto space. He also pushed for crypto ETFs in order to boost Web 3.0 investments in the region.
Despite rejecting most of Coinbase’s attempts to dismiss the entire case, the judge found the SEC’s arguments insufficient in proving that the company functions as a ‘broker’ by providing Wallet to customers.
Aerodrome, a decentralized exchange, was instrumental in helping Coinbase’s Base Layer 2 network cross $1 billion in Total Value Locked (TVL), marking an enormous milestone for the network.
The debut of VeChain’s MaaS platform has aroused debate regarding the potential influence on the price of VET, in addition to its technological improvements.
The partnership between COTI and Civic will enhance web3 data protection and confidentiality via the COTI V2’s, Ethereum-based layer two network.
The blockchain gaming studio plans to use its latest investment to expand its gaming offerings and build on user experience.
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.