Cryptocurrencies are kind of crazy by themselves. They’re digital money that can work as a lot of things (store of value, stocks, payments, remittances, art…) and that nobody owns or controls. However, beyond this fact, there’s a lot of crazy crypto stories lived by different people worldwide. Some of them good, some others bad. But always crazy.
We’re not going to mention here the mystery around Satoshi Nakamoto, the Bitcoin creator, or the traditional Bitcoin Pizza Day. These are widely discussed topics. Instead, we’re going to focus on some non-very known but very interesting cryptocurrency stories. Let’s discover them!
Amid the last cryptocurrency craze, the Turkish government has decided to ban crypto payments on its territory. This doesn’t mean the citizens can’t use cryptocurrencies anymore, but they won’t be able to pay for goods and services with it, starting April 30th. Ironically, Dogecoin (DOGE) continues to see a meteoric rise this week.
The announcement by the Central Bank of the Republic of Turkey (CBRT) states that “crypto assets entail significant risks”. Mainly, because they’re not regulated, they’re volatile and the transactions on the blockchain are irrevocable.
“It is considered that their use in payments may cause non-recoverable losses for…
From being a tiny land, the crypto space has grown into a whole world. And it’s, indeed, already present worldwide. We’ve passed the $2t mark in market capitalization, Bitcoin is now over $63k, decentralized finance is resounding loud, and Non-fungible tokens (NFTs) are becoming mainstream. All this attention doesn’t come without a price: cryptocurrency regulations.
A lot of people, from all countries, are adopting cryptocurrencies for numerous uses and reasons. Store of value, fast remittances, payments, investments, art and collectibles. The governments are paying attention now, and with that attention comes the rules to avoid crimes.
We’re probably getting used to it, but yes, we have new All-Time-Highs (ATHs) for Bitcoin (BTC) and Ethereum (ETH), with XRP following suit. Finally, Bitcoin managed to break the $60k resistance, and now we have a record of over $63,700 per coin. Meanwhile, ETH surpassed $2,300 per coin on the eve of its next update.
Two main reasons may be driving the price of BTC up. According to Glasssnode, there are more and more BTC holders in the long term. They’ve been buying and withdrawing from cryptocurrency exchanges to store their coins in their own wallets. …
Non-fungible tokens (NFTs) are resonating very loud lately. A lot of artists, celebrities, and even companies already have their own NFTs, which are, in simple terms, collectible and thematic tokens. As if a Pokemon card had a baby with a cryptocurrency, more or less.
But let’s start here with the word “fungible”. Basically, it means that an object (digital or physical) is spendable because it doesn’t work only by itself. The money, any kind of it, is a great example. Maybe you have two dollars, and maybe you can exchange them for one hamburger. …
Our non-custodial exchange Alfacash just enabled the trading for Binance Coin (BNB) on the Binance Smart Chain. Now, the users can easily buy and sell BNB against 30+ cryptocurrencies or fiat money.
The steps are simple: go to Alfacash, pick on buy or sell, select BNB ( or go here directly) and choose your favorite payment method. That’s it!
Regulations for cryptocurrencies are getting mainstream worldwide, but some of them might be kind of drastic. That’s proven now by the Financial Action Task Force (FATF), which is developing new policies for the general use of cryptos. Unfortunately, these policies may exclude the use of decentralized wallets, P2P transactions, and privacy solutions.
On a preliminary update by FATF, the Virtual Asset Service Providers (VASPs) should identify every client with personal documents. Besides, they wouldn’t be able to accept deposits or withdraws from or to private wallets, but only from other VASPs following the same KYC rules (Know-Your-Customer).
Isn’t celebrated in every country, but it’s fun for everybody anyway. We’re talking about the (in)famous April Fools’, the first day of the month where all kinds of pranks are allowed. The people and companies inside the cryptocurrency world also have a great sense of humor, so, they usually make crypto-pranks to catch some April Fools’.
The parody tokens are commonplace for the day, and they’re usually very inventive and funny. Let’s remember the best of them (and their illustrious authors).
Did you know that before Tether, USD Coin, DAI, and so on, the Ethereum team launched their own stablecoin…
Being a part of the cryptocurrency world is never boring. We had a bullish market for Bitcoin and some altcoins this March, some creative heists, flourishing regulations worldwide, and an awful lot of non-fungible tokens (NFTs). In case you don’t know by now, they’re thematic tokens, unique and collectible, and it seems like everybody wants one. Let’s check our summary!
Bitcoin (BTC) has a lot of myths, and one of them is about its privacy. The first cryptocurrency wasn’t designed to be private, let alone anonymous. It’s the opposite, indeed. Its blockchain is a public one, which means anybody can check all the transactions and their details on the Internet. That’s why Monero (XMR) was created.
Monero is an open-source and mineable cryptocurrency, just like Bitcoin. Anyone can open a wallet and send and receive transactions. However, its blockchain is obfuscated. This means that no one outside the involved people can tell the source, amount, or destination.
The technology used…
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