Cryptocurrency News
Crypto mining firm Bitfarms lays off staff citing coronavirus outbreak
Bitfarms on Monday announced that the move is temporary in line with government guidance to help contain the spread of coronavirus. The crypto mining firm has...
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Crypto derivatives exchange BitMEX launches staking service with up to 10% interest
Crypto exchange BitMEX announced on Tuesday that the traders on the platform could receive up to 10 percent of annual interest on some tokens....
Jai Pratap - 0
Crypto Startups in Germany unable to open bank accounts
Later last year, Switzerland-based Crypto Storage AG, a subsidiary of Crypto Finance AG, opened a German branch in Frankfurt called Crypto Storage Deutschland GMBH....
Jai Pratap - 0
Darknet vendors selling N95 respirator masks and other protective equipment for bitcoin
According to the blockchain analysis firm Elliptic, the darknet trading platforms that usually sell narcotics and stolen credit cards are now listings face masks...
Jai Pratap - 0
Crypto analyst predicts a ‘death drop’ due to miner capitulations
Currently, bitcoin is witnessing a positive rally as the price of the leading cryptocurrency is trading above $7,200 at the time of writing. However,...
Jai Pratap - 0
Did 50 Cent make Millions from Bitcoin?
Did 50 cents make Millions from Bitcoins?
The cryptocurrency market might be stagnant for months, but some things haven't changed yet. One of these things...
A flood of class-action lawsuits filed against major crypto companies in the United States
According to the Offshore Alert report, a flood of class-action lawsuits was filed against several major crypto companies for allegedly selling crypto tokens to...
Jai Pratap - 0
South Korea’s central bank launches a pilot program to test its digital currency
The Bank of Korea, the country's central bank, has launched a pilot program for testing digital WON in the country that would run till...
Jai Pratap - 0
What is cryptocurrency?
In layman language, cryptocurrency is nothing but the money in a digital form. Cryptocurrency is not different from any regular currency like USD. The only difference between the standard currency and cryptocurrency is that cryptocurrency is in a virtual form. This digital currency is recorded in a ledger of transactions made by people. These transactions are protected by passwords, which can be shared at the time of initiating transactions. People can also search for cryptocurrency news to keep themselves updated about the recent updates. The number of cryptocurrencies available on the internet is somewhere above 1600. Some of the leading cryptocurrencies that are available are: Cryptocurrencies allow an individual to buy goods and services or trade them for profit. Unlike any other currency, cryptocurrency is in digital form and uses cryptography to secure its transactions. Most of the traders who hold cryptocurrency use them for trading purposes to earn profits in the highly speculative market. Various organizations have also issued their currencies, which are known as 'tokens.' These tokens can be used to buy the goods and services of the company. To consume these goods and services, an individual will have to exchange traditional currency with digital currency, i.e., cryptocurrency. Cryptocurrency works on the mechanism known as 'Blockchain.' A blockchain is a system that records the transactions in a ledger and also verifies these transactions. In other words, blockchain is just like a diary or a spreadsheet that contains various operations that take place in cryptocurrency. The set of records entered in the blockchain is known as 'Blocks.' Cryptocurrency is a digital way to hold and transfer value online. An individual can purchase cryptocurrency tokens or coins online using a Credit card or cash. Various cryptocurrencies are available online. Though, the most popular cryptocurrencies among all other cryptocurrencies are 'Bitcoin' and 'Ethereum.' The value of cryptocurrency is determined by the demand and supply of that cryptocurrency in the market. There is always a fixed amount of cryptocurrency available in the market at a given point in time. If the demand for the currency is high in the market, then the price of that cryptocurrency will also be high as it is more in need. Thus, the market forces of demand and supply determine the cost of the cryptocurrency. People can keep themselves updated about the latest updates by searching cryptocurrency news.Cryptocurrency News & Opinion on Coinnounce
Coinnounce is an online platform that provides its users with useful insights and information regarding cryptocurrency. Coinnounce is a news website that offers the latest updates regarding cryptocurrency news. Coinnounce focuses on filling the gaps of knowledge of its users regarding cryptocurrency. They primarily focus on spreading cryptocurrency news. Coinnounce also features various startups that are taking place in the field of cryptocurrency. The main aim of Coinnounce is to educate its users regarding the latest updates through the cryptocurrency news. Before investing in any cryptocurrency, every individual wants to know every detail about the crypto market. Every individual wants to know about the risks and returns involved in every investment. Thus, they want to look out for every tit-bits regarding the market. Knowing all about the crypto market makes people feel confident regarding the cryptocurrency that they are planning to invest in or have already invested in—people at Coinnounce focus on delivering the best cryptocurrency news portraying the real image of the crypto market. Coinnounce facilitates the decision-making process of investors and focuses on making these decisions productive and profitable.Coinnounce - Leader in Cryptocurrency news
- Coinnounce simplifies the language in such a manner that it is easily understandable by the people searching for cryptocurrency news online.
- Coinnounce provides its users with the correct facts regarding cryptocurrency. Coinnounce also promotes various startups in the field of cryptocurrency and blockchain management.
- Also, multiple individuals who are working in the line of cryptocurrency are displayed on the Coinnounce website. The website aims at showing people a real and clear picture of the world of cryptocurrency.
- The cryptocurrency news is made available to the people through Coinnounce faster than any other news site. The website also displays inspirational stories of the startups, which help in promoting the cryptocurrency news.
The elements that make Cinnounce different from another cryptocurrency news platform are:
- Accurate - It is essential to be careful in providing cryptocurrency news because this news affects the investors on an enormous scale. Coinnounce provides its users with accurate information so that the investors are well-informed.
- Reliable - The news that is provided by Coinnounce is trustworthy and reliable. Coinnounce has left no chance to earn the trust of its users by giving accurate and exact facts.
- Timely - Coinnounce aims at providing its users with cryptocurrency news faster than any other web portals. The cryptocurrency news, if delivered on time, can make a lot of difference to the investors.
CryptoCurrency Telegraph - Coinnounce
Cryptocurrency has always been a center of attraction for people because of its dynamic nature. Investors necessarily need to be updated regarding the cryptocurrency news. Coinnounce is the best platform for cryptocurrency news from all over the world. Investors have to make many decisions based on cryptocurrency news provided to them. Thus, the news provided to them plays a very vital role. The people at Coinnounce work hard every day to deliver accurate and exact information to its users. Coinnounce also aims at updating its website from time-to-time so that investors and potential investors can make the right decisions. Coinnounce aims at delivering unbiased news as well as regular updates about cryptocurrency news. There are hundreds of cryptocurrencies available in the market. Coinnounce helps investors to decide which cryptocurrency to use to maximize their returns. Coinnounce provides a fundamental analysis of the cryptocurrency news. Investors and a lot of other people planning to invest in the crypto market are highly dependant on cryptocurrency news websites. Coinnounce is the best platform offering cryptocurrency news, which is accurate, timely, and reliable. Over time Coinnounce has proved to be an authentic source of cryptocurrency news. Coinnounce has become the favorite destination of investors for looking out for the best cryptocurrency news. Coinnounce also displays success stories of various entrepreneurs working in the crypto market and also provides its users with useful insights about the cryptocurrency market.Which is the best cryptocurrency?
- Bitcoin (BTC)- Bitcoin was the first type of cryptocurrency that was introduced in the market. Bitcoin remains to be the most popular among all other cryptocurrencies. Also, it is the only cryptocurrency that is the most traded of all other cryptocurrencies. In terms of acceptance, Bitcoin is the king. This type of cryptocurrency also assures liquidity in the short-term. Investors can search for cryptocurrency news to get the updates for Bitcoin.
- Ethereum (ETH) - Ethereum was introduced in the year 2015. This currency has experienced massive gains since its introduction. Ethereum is considered to be the next best alternative after Bitcoin of all the other currencies. Ethereum became very popular in a short time. Bitcoin is the most popular cryptocurrency, but Ethereum remains to be the most influential one.
- Neo (NEO) - Neo is an open-source blockchain application platform. Neo was founded in the year 2014. It is a smart contract platform that acknowledges applications written in different programming languages.
- Litecoin (LTC) - Litecoin was introduced to complement Bitcoin. If Bitcoin is gold then, Litecoin is silver. Both Bitcoin and Litecoin are similar, which makes it difficult for investors to differentiate between the two. Litecoin is known for decreasing the time of transactions. People can search for cryptocurrency news to keep themselves updated with the current updates of Litecoin.
- Zcash (ZEC) - The majority of cryptocurrencies can be traced down by the government and companies. Zcash is a cryptocurrency meant for people who are looking for the privacy of their investments. Zcash is not much different from other cryptocurrencies like Bitcoin and Litecoin. People can trade anonymously with the help of Zcash.
- Ripple (XRP) - Ripple is a technology that acts both as cryptocurrency and digital currency at the same time. It launched in the year 2012. The idea behind introducing Ripple into the market was to create a more transparent and secure real-time transfer payment method. Ripple is also a cheap method as compared to other cryptocurrencies.
- Bitcoin Cash (BCZ) - Bitcoin cash is a cryptocurrency that got introduced in the crypto market in the year 2017. Bitcoin Cash is nothing but a part of Bitcoin. Bitcoin Cash increases the size of blocks, which means that more transactions can be processed.
- Bitcoin SV (BSV) - Bitcoin Satoshi Vision is one of the latest introduced cryptocurrencies. Bitcoin SV emerged as an extension of Bitcoin Cash (BCZ) and focused on further increasing the size of the block. It increased the block size to four times the original block size in Bitcoin. People can read more about Bitcoin SV by searching for cryptocurrency news.
- Tether - Tether is a cryptocurrency based on blockchain management technology aiming at keeping the value stable. Tether is used as a medium of exchange and store of value because of its transparent nature. It also aims at bringing the transaction costs down.
- EOS - EOS launched in the year 2017. EOS cryptocurrency is somewhat similar to Ethereum. The EOS cryptocurrency came into existence for helping the developers in creating apps. EOS is a smart platform that conducts millions of transactions per second using blockchain technology.
Is cryptocurrency a good investment?
Investment in cryptocurrencies comes with a lot of risks involved. Various fluctuations take place in the crypto market daily. It seems crazy to some people that one cryptocurrency can be worth a hundred dollars. The crypto market has grown at a very rapid pace, making it look attractive for the investors. If you want to understand in depth about the cryptocurrency market, then you should keep yourself up to date with the cryptocurrency news.While investing in cryptocurrency, there are a few things that have to be kept in mind:
- Market situation - Cryptocurrency news stays all over the market always. Various predictions made by the analysts regarding the price surge in the crypto market of cryptocurrencies also remains the talk of the town. The hype created about the price surging can also lead to the rise in the prices of the cryptocurrencies. Thus, it is crucial to look at the facts instead of focusing on hypes.
- Fluctuations - The cryptocurrency market is very volatile, i.e., it keeps on changing with time. These fluctuations lead to rapid changes in the value of the cryptocurrencies. There are various reasons for the inconsistent cryptocurrency market. One of the primary reasons is the size of the market, even a small change in the cryptocurrency makes an impact on the whole crypto market. The day-to-day fluctuations in the crypto market can be seen by searching for cryptocurrency news.
- Liquidity - Liquidity refers to the time in which an investment can be converted into cash. Talking about the crypto market, the need for liquidity is there. Higher liquidity helps in maintaining fair prices for cryptocurrencies and also a stable market.
- Rules and Regulations - Cryptocurrency regulations are different in different countries. The legal status of cryptocurrency has not been recognized until the date. In the last few years, the crypto market has experienced an increase in the legal rules and regulations, which has also affected the market. You can also find out about the latest cryptocurrency news to be informed by the latest rules and regulations.
- Security - Cryptocurrencies are secure, but sometimes, the exchanges through which cryptocurrencies are traded may not be that secure. In the end, it is the sole responsibility of the investor to protect their interest. The investors must only trade with reputable exchanges to be safe from frauds and scams. You can read various articles related to scams by searching for cryptocurrency news.
Who invented cryptocurrency?
Though Bitcoin was the first cryptocurrency to be introduced in the crypto market, it was not the first time that attempts were made to launch a digital currency in the market. Various efforts were made by different people for the introduction of digital currency. The two examples of these attempts were B-Money and Bitgold, but they were never wholly formulated. Before cryptocurrency was introduced in the market, several attempts were made in the creation of digital currency. The main issue all the creators were facing was the double-spending problem. A digital asset must be unique, i.e., and it can only be used once to prevent duplication. On 31 October 2008, Satoshi Nakamoto published a paper that contained the necessary foundations of Bitcoin. He also explained the working of blockchain management through his writing. The first block of Bitcoin got mined on 3 January 2009. The block was mined by the founder Satoshi Nakamoto using the blockchain technology. However, the identity of Satoshi Nakamoto remains a mystery till date. The first block that got mined on this day is known as 'Genesis Block.' The first purchase using the Bitcoin was made by Laszlo Hanyecz. He bought two pizzas for 10,000 BTC. Bitcoin Pizza Day is celebrated on 2 May every year. Various websites displaying cryptocurrency news also include the history of cryptocurrency. In the year 2010, the first cryptocurrency exchange market got introduced under the name bitcoinmarket.com which is now dysfunctional. The years between 2011 and 2013 were noticed for the emergence of 10 other cryptocurrency assets, including Ethereum and litecoin.How do you use cryptocurrency?
The Crypto market is a very inconsistent market where rapid changes in exchange rates keep on taking place. The exchange rates can fluctuate daily. Bitcoin is the best known and most valuable of all the available cryptocurrencies. When you buy a cryptocurrency, you are given a digital key through which that cryptocurrency can be opened. This key is used to access, verify, and validate the transactions taking place. Once you have purchased cryptocurrency, it is your responsibility to keep the digital key safe and secure. This is where a cryptocurrency wallet comes in. There are different options available with you regarding the type of wallet. To find the best wallet, you can always look for cryptocurrency news online. After the purchase of cryptocurrencies, you can choose where to use this cryptocurrency. Cryptocurrencies can be used for the following things:- Buy from online retailers - Various large and small online retailers accept cryptocurrency as a medium of exchange. Bitcoin is more popular as compared to other currencies, so it is widely accepted. You can look for a cryptocurrency logo on the payment method to check whether your favorite retailer accepts your cryptocurrency or not.
- Buy from Local Merchants - Some small merchants accept cryptocurrency as a form of payment method. You can look for these merchants and purchase goods and services from them. To see whether a merchant accepts cryptocurrency as a payment method or not, you can search for the cryptocurrency symbol near their billing desk.
- Investment portfolio - Many people who purchase cryptocurrency, do not trade it for goods and services. Instead, they keep this cryptocurrency in their wallet, in the hope that someday the price of their asset will rise. These people should also keep in mind the inconsistency of the crypto market.
What is the minimum investment in Bitcoin?
You don't need one complete Bitcoin to be bought for investing. You can start by purchasing a part of Bitcoin. If you have ever been thinking about investing in cryptocurrencies then, You must have wondered what is the minimum amount that can be invested in cryptocurrencies. I have to tell you that you don't need to spend a lot in cryptocurrency for starting to trade. To be more acquainted with the topic, you can search for cryptocurrency news. For bitcoin, the lowest amount that you can purchase is 1 Satoshi, which is equal to 0.00000001 Bitcoins. But since this amount is so small so it is not available on any exchange. The minimum amount of Bitcoin varies from one exchange to another. For example, on Coinbase, the minimum amount that you have to purchase is 2 dollars. But on LocalBitcoins, the minimum amount that you have to buy is 1 cent. There are many more articles related to how much you should invest under the name of cryptocurrency news.How do I withdraw money from Crypto?
There are two methods of withdrawing cryptocurrency, namely, which are Third Party Exchanges or Peer-to-Peer exchanges. Third-party exchanges - To withdraw money from cryptocurrency, you need to have an online cryptocurrency exchange account. Also, your bank account number has to be registered with the crypto exchange. In most of the cases, you will not be able to withdraw cryptocurrency on hand. You will have to convert your cryptocurrency into bitcoin or Ethereum first; then, only you can get it turned into cash. Whenever you withdraw a cryptocurrency, a withdrawal fee will be charged by the exchange. This withdrawal fee varies from one exchange to another. Some of the most popular exchanges for withdrawal of cryptocurrency are: Peer-To-Peer exchanges - If you want to convert your cryptocurrency into fiat money anonymously then, you should opt for a P2P exchange. Most of these exchanges are secure, but still, one needs to be careful. These transactions happen between the users privately, without the involvement of an intermediary. The risk of scams in P2P is generally high as compared to third party exchanges. You have to register yourselves with these exchanges, identify your identity, and then find a buyer. For more information regarding the current market situation and other factors that should be kept in mind before liquidating your cryptocurrency, you can look out for cryptocurrency on the web.Is cryptocurrency legal?
The legal status of cryptocurrencies varies from state to state and country to country. The majority of states have made the usage of cryptocurrencies legal, but its value remains undetermined in the case of purchasing goods and services using cryptocurrency. While some states have openly allowed the usage of cryptocurrency, other countries have just banned it completely from usage. You should keep yourself up-to-date regarding the legality of cryptocurrency in different countries, which can be searched under cryptocurrency news. Every fiat currency launched in the world is ruled by some of the other governing bodies. On the other hand, cryptocurrency is not controlled by any such authority, and the prices are determined with the market forces of demand and supply. Now, people are getting well versed with the existence of cryptocurrency and have started investigating more about it. So, the legal jurisdictions and governing bodies are looking into their constitution for the creation of clauses regarding cryptocurrencies. The legality of cryptocurrency also depends upon who you are, which country you are situated in, and what you are doing with the cryptocurrency.More News & Articles
Crypto mining firm Bitfarms lays off staff citing coronavirus outbreak
Bitfarms on Monday announced that the move is temporary in line with government guidance to help contain the spread of coronavirus. The crypto mining firm has...
Jai Pratap - 0
Crypto derivatives exchange BitMEX launches staking service with up to 10% interest
Crypto exchange BitMEX announced on Tuesday that the traders on the platform could receive up to 10 percent of annual interest on some tokens....
Jai Pratap - 0
Crypto Startups in Germany unable to open bank accounts
Later last year, Switzerland-based Crypto Storage AG, a subsidiary of Crypto Finance AG, opened a German branch in Frankfurt called Crypto Storage Deutschland GMBH....
Jai Pratap - 0
Darknet vendors selling N95 respirator masks and other protective equipment for bitcoin
According to the blockchain analysis firm Elliptic, the darknet trading platforms that usually sell narcotics and stolen credit cards are now listings face masks...
Jai Pratap - 0
Crypto analyst predicts a ‘death drop’ due to miner capitulations
Currently, bitcoin is witnessing a positive rally as the price of the leading cryptocurrency is trading above $7,200 at the time of writing. However,...
Jai Pratap - 0
Did 50 Cent make Millions from Bitcoin?
Did 50 cents make Millions from Bitcoins?
The cryptocurrency market might be stagnant for months, but some things haven't changed yet. One of these things...
A flood of class-action lawsuits filed against major crypto companies in the United States
According to the Offshore Alert report, a flood of class-action lawsuits was filed against several major crypto companies for allegedly selling crypto tokens to...
Jai Pratap - 0
South Korea’s central bank launches a pilot program to test its digital currency
The Bank of Korea, the country's central bank, has launched a pilot program for testing digital WON in the country that would run till...
Jai Pratap - 0