Cryptocurrencies latest news and history organized by date that contains 1000000+ news archives. Click here to read what world was saying about cryptocurrencies. CoinMarketCap ranks the top cryptocurrency derivatives exchanges based on trading volumes. What is Fiat Currency? Before getting started with digital currency and cryptocurrency, let’s first understand what fiat currency is. It is a currency that the government establishes as money. This type of payment is completely controlled and regulated by the government and does not have an intrinsic value. As long as the government maintains its…
The post What are Digital Currencies and What are Cryptocurrencies appeared first on Cryptoverze.
Bitcoin Cash short-term Price Analysis: 10 August
Lumi Wallet Web Widget: Cryptocurrency Exchange on Your Website
Messaging Firm LINE Makes Own Token Available to Japanese Traders for First Time
China’s National Blockchain Network Launches International Website
UAS: The First Government to Bring Blockchain Development to The Masses
Investors Move 10% of Their Gold From Hong Kong Amid Financial Censorship Fears
China Registers Over 10,000 New Blockchain Firms This Year
Top Trader Names Five Altcoins Set to Rally, When to Buy Ethereum and XRP, and What’s Next for Bitcoin
AAX Introduces a Deflationary Token With Real use Cases
As Ethereum DeFi craze continues, Uniswap is processing over 100,000 transactions a day
South Korea’s Largest Bank to Offer Digital Assets Custody Services
Litecoin, Tron, Synthetix Price Analysis: 10 August
BTC Breaks $12k on the Eve of Grayscale’s Bitcoin TV Ad Campaign
Bitcoin Is About To Become “The Fastest Horse,” Says Robert Kiyosaki
Market Analysis Report (10 Aug 2020)
Dai Supply Hits Record $400 Million on DeFi Momentum
The New York State Department of Financial Services approves 10 tokens for custody.
Canadian Weatherman Frankie MacDonald Is Bullish on Bitcoin
Black Streamer Allegations Exposes Corsair’s Diversity Failure
New York Financial Watchdog Approves Bitcoin and Other Cryptos for Custody and Trading
Dapp Platform NEAR Protocol Taps Ontology’s Expertise for Decentralized Identity Effort
Ethereum long-term Price Analysis: 10 August
Evai.io unveils decentralised ratings model to bridge crypto and traditional finance
ChainLink (LINK) Hitting $32 is Possible but Risky – Crypto Analyst
Bitcoin Price Seals Best Weekly Close in 2.5 Years: 5 Things to Know
Bitcoin Closes on Yearly High With Return to $12K
Dubai’s Housing Market Bubble Still Sells During Pandemic 2020
Don’t Bet Against Nintendo’s Nostalgic Remasters in Next-Gen Battle
‘Capital Flight out of Asia Is Taking Bitcoin Express’ Says Max Keiser
Ontology Breaches 5-Month Resistance & Retains Support
Blockchain-Based Trademark App Can Boost Australian Economy, Says Minister
Ethereum and DeFi Are ‘Going Mainstream’ Says Former Wall Street Trader
DeFi adoption booms as Uniswap processes over 100,000 transactions per day
Why Popular On-Chain Analyst Expects Bitcoin To Annihilate Altcoins In Coming Weeks
Bitcoin price hits year-to-date high above $12,000
Binance launches perpetual futures priced in Bitcoin
China: Loudi City Mayor Promotes Blockchain to Fight Crime
Bitcoin price finally takes out $12,000 and ready for next bull rally
Q&A: How Blockchain Could Transform the Art Industry
IP Australia and National Rugby League Use Blockchain Against Fake Products
Over 10,000 new blockchain firms registered in China so far this year.
Could inflations in the US push a $15k BTC bullish triangle?
Ethereum and other top altcoins could soon surge yet again: here’s why
Grayscale kicks off national cryptocurrency ad campaign on CNBC, MSNBC, FOX
Ethereum Whale Pushed ETH Prices to $450 on Uniswap
What Would the Re-Election of Alexander Lukashenko Mean for Crypto?
Bitcoin Transaction Fees Soar 550% in a Month, BCH, Dash Transactions Much Cheaper
Chainlink Price Forecast: LINK/USD Upward Momentum Unstoppable, How Nigh Is $20?
Finoa Adds Support For NEAR Protocol Token Staking And Storage On Network
Bitcoin trading spikes in Brazil and Argentina
Australian Hacker Sentenced to 2 Years in Prison for $300K XRP Theft
USDA to boost supply chain of organic products with blockchain
Chainlink Competitor Band Token Grows 300% in 7 Days Setting New ATH
Australian citizen sentenced to 2 years in prison for stealing $300,000 worth XRP.
Tezos To New ATH Above $4.4 While Bitcoin Fails at $12,000 Again
Source: www.cryptostatz.com
Top Cryptocurrency Derivatives Exchanges
1
Binance
$5,219,924,705
0.02%
0.04%
Jul 2017
2
BitMEX
$2,510,577,700
-0.025%
0.075%
Apr 2014
3
Bybit
$1,994,748,878
-0.025%
0.075%
Mar 2018
4
Huobi Global
$1,446,204,080
0.02%
0.04%
Sep 2013
5
OKEx
$618,612,897
0.02%
0.05%
Jan 2014
6
FTX
$558,278,608
0.02%
0.07%
Feb 2019
7
Phemex
$538,884,404
-0.025%
0.075%
Nov 2019
8
ZBG
$510,218,258
0.025%
0.075%
Jul 2018
9
Deribit
$314,161,868
-0.025%
0.075%
Jun 2016
10
BTSE
$57,272,619
0.05%
0.1%
Sep 2018
11
BaseFEX
$46,346,097
0.02%
0.06%
Dec 2018
12
Kraken
$46,251,835
-0.02%
0.075%
Jul 2011
13
dYdX
$959,472
-0.025%
0.075%
Apr 2019
14
Bitfinex
$527,906
-0.02%
0.075%
Oct 2012
Source: coinmarketcap.com
What are Digital Currencies and What are Cryptocurrencies
What is Fiat Currency?
Before getting started with digital currency and cryptocurrency, let’s first understand what fiat currency is. It is a currency that the government establishes as money. This type of payment is completely controlled and regulated by the government and does not have an intrinsic value. As long as the government maintains its value, fiat money will have its value and can be used for all purposes that come under that government. Any decision or change in the regulations made by the government for Fiat money will have a massive impact on the country’s economy.
What are digital currencies?
Any money that exists in the digital form is called digital currency. In the real world, money has no physical equivalent. However, digital currency possesses all the characteristics that traditional money has. Similar to fiat money, one can quickly transfer or exchange it for other currencies. It can be used to purchase any goods and services from mobile and Internet communication to online stores. Transaction made using digital currencies may not remain restricted to geographical or political borders. It can be sent from any location to any other part of the world. Digital accounts or wallets are referred to as bank deposits as well.
What are cryptocurrencies?
One can consider cryptocurrencies a variety of digital currencies. These are assets that can be used for exchanging. As it is based on cryptography, experts believe it to be extremely reliable. This is the main reason why cryptography is used in cryptocurrencies. It produces and checks algorithms and regulations so that the recorded data can never be changed or manipulated. In simpler terms, Cryptography is a vast and complex combination of different sciences, whose basics are math’s. The math’s determines the severity and dependability of algorithms and regulations.
Cryptocurrencies are based on blockchain that is a decentralized ledger. This means there is an authority that has control over cryptocurrency in any way. There are various trading apps available online, like https://crypto-revolution.app/ that are entirely safe for people to trade. Most people are switching from trading in stocks and bonds to cryptocurrencies due to the high returns.
What are the primary differences between digital currency and cryptocurrency?
Despite cryptocurrency being a variant of digital currency, there are a few things that differentiate them:
Structure
Cryptocurrencies are not centralized currencies. This means, unlike digital currencies controlled by a group of people and computers, the majority of the community make the regulations in cryptocurrencies.
Anonymous
While using digital currencies, user identification is required. This is a long process where one has to upload a picture and a few required documents, etc. However, this is not the case for cryptocurrencies. One can easily buy, invest, and mine cryptocurrencies without any such regulations. But, using cryptocurrencies is not anonymous. Although confidential information like name, address, etc., are not required while using cryptocurrencies, all transactions are recorded, and both the parties are publicly known, and the transaction can be tracked.
Transparency
Digital currencies do not maintain transparency. One cannot select an address of the wallet and check all the transactions that took place. The information remains completely confidential. On the other hand, all purchases made using cryptocurrencies are transparent. It is a public platform where people can check any user purchases as revenue streams are in a public chain.
Manipulation in transactions
There is an authority that deals with issues regarding digital currencies. If the authority wants, purchases can be canceled or frozen at any point in time. However, that is not the case with cryptocurrencies as they are community regulated. Such changes in blockchain are implausible. However, there has been one or two cases where changes were made.
The Legal aspects
When it comes to digital currencies, most countries have a few rules and regulations that everyone needs to follow. For instance, In the European Union, there is the Directive 2009/110/EC, or in the US, there is Article 4A of the Uniform Commercial Code. However, when it comes to cryptocurrencies, things are different. Most countries do not have a defined official status for cryptocurrencies. They are still working on a legal framework that can help in adopting the process.
The post What are Digital Currencies and What are Cryptocurrencies appeared first on Cryptoverze.
Binance
BitMEX
Bybit
Huobi Global
OKEx
