Cryptocurrency Financial News

Disclaimer: The text below is a press release that was not written by Cryptonews.com.

Disclaimer: The text below is a press release that was not written by Cryptonews.com.

Disclaimer: The Industry Talk section features insights by crypto industry players and is not a part of the editorial content of Cryptonews.com.

Disclaimer: The text below is a press release that was not written by Cryptonews.com.

Portugese soccer club Benfica will launch a fan token

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bitcoin blockchain, the immutable public ledger that has recorded all transactions since the cryptocurrency’s launch in January 2009. Bitcoin represents a techno-utopian dream. Satoshi Nakamoto, its pseudonymous inventor, proposed that the world run not on centralized financial institutions but on an egalitarian, math-based electronic money system distributed through a computer network. And the system would be “trustless” — that is, it would not rely on a trusted party, such as a bank or government, to arbitrate transactions. Rather, as Satoshi Nakamoto wrote in a 2008 white paper, the system would be anchored in “cryptographic proof instead of trust.” Or, as T-shirts proclaim: “In Code We Trust.” The practicalities have proved complicated. Price turbulence is enough to induce the bitcoin bends, and the system is environmentally destructive, since the computational network uses exorbitant amounts of electricity.

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The New York State Legislature has passed a bill that would impose a two-year ban on the use of fossil-fuel power plants to provide energy to miners of cryptocurrencies like Bitcoin.

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There is a strong demand for digital assets among investors in Asia, but wealth management firms remain hesitant to support them, according to a new report from consulting giant Accenture.

Australians lost over AUD 113 million ($81.5m) to cryptocurrency scams between January 1 and May 1 this year, the Australian Competition and Consumer Commission (ACCC) has announced.

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Web 3.0 will make the internet fully decentralised.

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Wealth managers in Asia are holding back from offering digital assets to investors despite soaring demand due to a lack of understanding of these assets, according to an industry survey by consulting firm Accenture published on Monday. Global banks have been cautiously moving into crypto for several years, some building it within existing operations and others setting up new businesses. «Currently, 52 percent of affluent investors in Asia hold digital assets of some sort. Accenture's research indicates this could reach 73 percent by the end of 2022,» Accenture said on Monday.

A majority of tokens were trading sharply lower on Tuesday. Avalanche tanked another 9 per cent, whereas Polkadot and Ethereum plunged 7 per cent each. Bitcoin slipped 6 per cent. Meme tokens Dogecoin and Shiba Inu fell 5 per cent each. The global cryptocurrency market cap was trading sharply lower at the $1.21 trillion mark, declining as much as 5 per cent in the last 24 hours. However, the total cryptocurrency trading volume zoomed over 58 per cent to $81.34 billion.

After witnessing weeks of slump, the cryptocurrency market is showing signs of recovery