Cryptocurrencies are digital tokens — not coin or cash — but digital money which allow people to make payments directly to each other through an online system set-up to allow peer-to-peer transactions without needing a bank. Cryptocurrency payments exist purely as digital entries into an online database that describes specific transactions. Cryptocurrency is stored in a digital wallet. Cryptos came into existence after the 2008 financial market crisis when a need was felt to democratise how currencies are held, exchanged and regulated. That year a person under the anonymous name Satoshi Nakamoto invented Bitcoin. Cryptos today also include Ethereum, Tether, Cardano, and Dogecoin, among others. Cryptos are more democratic in nature – you can use them in any part of the world, but as much as you want and use them anywhere. There is a network of people and their computers which maintains a ledger and any transaction must be validated by all those present in that network. The ledger then gets updated to reflect the transaction. This technology is called blockchain. Cryptos also express values in units similar to traditional currency and some people also consider Bitcoin comparable to gold as they are finite in number and supply and need to be mined. Mining is the process by which new cryptos enter circulation and is also a critical component of the maintenance and development of the blockchain ledger. More
May 17, 2022 10:35 AM ISTMany Terra investors have lost hope of recovering their money after the Terra crash last week.
May 17, 2022 10:29 AM IST Billionaire American investor Bill Ackman described digital ledger technology blockchain as a "brilliant with enormous potential" but flagged the risks associated with schemes like Luna.
May 16, 2022 04:05 PM IST HONG KONG Cryptocurrencies resumed their slide on Monday, giving up the gains they had eked out over the weekend, as regulators continued to c..
May 16, 2022 12:13 PM IST Digital assets are helping entrepreneurs and developers alike in creating a transactional framework for the metaverse
May 16, 2022 10:12 AM IST "The Bitcoin network is not a payments network and it is not a scaling network," the report quoted FTX founder and Chief Executive Officer Sam Bankman-Fried as saying.
May 15, 2022 07:14 PM IST Briefing the Parliamentary Standing Committee on Finance chaired by former minister of state for finance Jayant Sinha, top officials of the RBI expressed their apprehensions about cryptocurrencies and said these pose challenges to the stability of the financial system.
May 15, 2022 10:12 AM IST This crash was possibly triggered by a financial attack on the stablecoin Terra (UST), which is supposed to match the US dollar but is presently trading at just 18 cents.
May 15, 2022 08:38 AM IST Bitcoin has dropped about 37 percent year to date. Other cryptos have fared just as poorly. Ethereum has dropped 44 percent and dogecoin has fallen 53 percent.
May 14, 2022 10:19 AM IST A daily round-up of the most interesting articles on cryptocurrencies like Bitcoin, Ethereum, and NFTs to help you jump-start the day.
May 14, 2022 09:23 AM IST Bitcoin has dropped about 37 percent year to date. Other cryptos have fared just as poorly
May 13, 2022 06:33 PM IST For the uninitiated, Luna’s downfall started when its sister token UST, which is also a stablecoin, was 'depegged' from its $1 value as big investors started dumping it.
May 13, 2022 01:47 PM IST The plunge in the value of cryptocurrencies also revealed that they are not as insulated from the financial markets as they are made out to be.
May 13, 2022 09:44 AM IST A daily round-up of the most interesting articles on cryptocurrencies like Bitcoin, Ethereum, and NFTs to help you jump-start the day.
May 13, 2022 07:19 AM IST Ashley Alder, chair of the International Organization of Securities Commissions (IOSCO) said the boom in digital currencies such as bitcoin was one of the three main areas authorities were now focused on, alongside COVID and climate change.
May 12, 2022 07:52 PM IST Cryptocurrencies have been swept up in a sell-off across higher risk assets, which has picked up steam this week as data showed U.S. inflation running hot, deepening investor fears about the economic impact of aggressive central bank tightening.
May 12, 2022 04:06 PM IST Campbell Wilson has 26 years of aviation industry expertise across both full service and low-cost airlines. He was appointed the CEO and MD of Air India on Thursday.
May 12, 2022 02:43 PM IST While writing about what the crypto crash means for investors, columnist Lionel Laurent said that bitcoin’s 50 per cent slide in six months highlights its flaws in times of stress.
May 12, 2022 12:43 PM IST Cryptocurrencies continue to crash. Bitcoin falls to 16-month low triggered by the collapse of Terra stablecoin. Watch Karunya Rao And Manisha Gupta decode the fall of the cryptos and the way forward
May 12, 2022 09:24 AM IST The world's largest cryptocurrency dropped around 2% to as low as $28,379.26, its lowest since January 2021.
May 11, 2022 07:15 PM IST Eaton will be responsible for Binance's legal affairs, leading the support for global compliance, investigations and law enforcement coordination activities, the company said in a statement.
May 11, 2022 03:32 PM IST In today’s edition of Moneycontrol Pro Panorama: Metal rollercoaster, FM’s rescue act, what OECD pointers say, and more
May 11, 2022 01:21 PM IST Concerns over money laundering and market crashes are growing as more consumers bet on digital assets
May 11, 2022 01:16 PM IST The industry is currently considering its options and is hoping to approach the government for talks on reconsidering the tax rate.
May 11, 2022 11:05 AM IST The cryptocurrency is a poor substitute for cash in an inflationary environment
May 10, 2022 08:57 PM IST Bitcoin, which makes up for nearly 40 percent of the crypto market, hit a 10-month low earlier on Tuesday, before rebounding to $31,450, just six days after touching $40,000. It was more than 54 percent below its November 10 all-time high of $69,000.
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