The definition of a cryptocurrency is a digital currency built with cryptographic protocols that make transactions secure and difficult to fake. The most important feature of a cryptocurrency is that it is not controlled by any central authority: the decentralized nature of blockchain makes cryptocurrency theoretically immune to the old ways of government control and interference. Cryptocurrencies make it easier to conduct any transactions, for transfers are simplified through use of public and private keys for security and privacy purposes. These transfers can be done with minimal processing fees, allowing users to avoid the steep fees charged by traditional financial institutions.
However, the latest news on cryptocurrencies indicates that because cryptocurrencies are devoid of a central repository, a digital cryptocurrency balance can be wiped out by a computer crash, a hack, and other unexpected events.
Emsisoft cybersecurity firm has released a solution to the Bitcoin-demanding WannaCryFake ransomware.
An ex-Fed official says it makes no sense to end U.S. dollar dominance by replacing it with a digital currency such as Facebooks Libra coin.
EOS parent company Block.one is opening new headquarters located in Washington, D.C., while creating 170 high-skilled jobs.
Binances decision to re-enter the Chinese crypto market seems to make a lot of sense to many experts operating within this space.
A payments and cryptocurrency platform has unveiled the alpha version of its public testnet ahead of schedule.
The Fold app, a mobile shopping app that supports the Bitcoin Lightning Network, has added a fiat currency payment option following a $2.5 million investment.
Why did the Bitcoin networks hash rate suffer a mysterious flash crash earlier this week?
Following a partnership with Coinbase in February 2019, SoFi is introducing zero-fee crypto trading on its SoFi Invest platform.
Bitcoin is down over 13% on the day, inviting competing interpretations as to what could have triggered the top coins downward turn.
Commentators split between shock and welcome correction as Bitcoin struggles from $1,800 fall.
Japans financial giant Monex Group will pay out dividends in Bitcoin to all Monex shareholders with a Coincheck account.
Japan-based cryptocurrency exchange BitFlyer is adding 5 new altcoins to its trading platform in Europe, 3 in the United States.
H&R Block has begun providing consultations on how to properly file cryptocurrency gains and losses on tax returns.
Peer-to-peer payments firm Circle is hitting the pause button on its Circle Research activities.
The United States Congress passed a bill that calls for the director of FinCEN to study blockchain in its fight against financial crime.
Cybersecurity Firm Releases WannaCryFake Bitcoin Ransomware Fix
Ex-Fed Official: Ending US Dollar Dominance for Crypto Makes No Sense
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