CRYPTOCURRENCY
Crypto News
The definition of a cryptocurrency is a digital asset containing cryptographic protocols that make transactions secure and immutable. Cryptocurrencies are built on top of distributed ledger technology, blockchain — which allows it to be decentralized and immune to government control and interference. Transactions involving cryptocurrencies involve public and private keys, enabling minimal processing fees, allowing users to be able to make transfers without traditional third-party institutions.
The definition of a cryptocurrency is a digital asset containing cryptographic protocols that make transactions secure and immutable. Cryptocurrencies are built on top of distributed ledger technology, blockchain — which allows it to be decentralized and immune to government control and interference. Transactions involving cryptocurrencies involve public and private keys, enabling minimal processing fees, allowing users to be able to make transfers without traditional third-party institutions.
US President Joe Biden to Sign Executive Order on Crypto this Week
U.S. President Joe Biden is expected to issue an executive order on cryptocurrency this week. Authorities would be expected to develop policies to enable the U.S. government to work with foreign powers to regulate crypto and its trade across international borders.
Virginia Senate Votes to Support New Bill by Permitting Banks to Offer Crypto Custody Services
Based on the unanimous vote from the Virginia Senate, the proposed bill amendment introduced on January 22 this year by Delegate Christopher T. Head sought to allow eligible banks to offer cryptocurrency custody services.
Ukraine Cancells Crypto Airdrop Program, Instead Embraces NFTs Plan
The Ukrainian government confirms that it has cancelled the airdrop program that aimed to allow anyone to contribute to its crypto donations. The government is now opting to sell NFTs to raise funds.
South Korean Billionaire Businessman Kim Jung-ju Passes away, Aged 54
Kim Jung-ju passed away at the age of 54. He is the founder and the chairman of South Korea's largest gaming firm, Nexon. The online gaming company has made multiple headlines, and of late is getting into cryptocurrency.
FC Barcelona Preparing to Launch its Own Cryptocurrency & NFTs
Barcelona plans to enter into the metaverse landscape. The football club sees emerging technologies as a potential area that could enable it to shape its future shopping experiences and generate revenues.
Over $5M Bitcoin Worth Transferred towards Aiding Ukrainian Army Amid Russian Invasion
At least $5 million in Bitcoin has been donated to boost the Ukrainian Army since Russia attacked the nation on February 24, according to blockchain analytics firm Elliptic.
Crypto Saw Increase in Professional Investors at Record Rates: WSJ
The Wall Street Journal reported that the crypto industry saw an increase in professional investors at record rates.
Portugal's Zero-Taxation, Low Living Costs Helps Gain Pace as Preferred Crypto Destination
Portugal is crafting a name for itself in the crypto space based on its zero-taxation policy, having set up various free zones to spur growth and research for cryptocurrency and blockchain organizations.
Intel Releases New Bitcoin Miner Hardware Specifications
Intel released the technical specifications of its Bonanza Mine bitcoin miner hardware, saying that the miner provided greater efficiency than others in the market.
Russian Finance Ministry Compromises, Willing to Take Crypto Suggestions from Central Bank
Russia's finance ministry has said that it is willing to take suggestions on cryptocurrencies from the country's central bank but they should not clash with their approach.