Cryptocurrency is a digital or virtual form of currency that uses cryptography for security. It operates on decentralized technology, typically a blockchain, which is a distributed ledger that records all transactions across a network of computers. Unlike traditional currencies governed by central banks, cryptocurrencies are generally not controlled by any central authority, making them resistant to government interference or manipulation.
Cryptocurrencies enable peer-to-peer transactions without the need for intermediaries like banks. They can be used for various purposes, including online purchases, investment, and as a medium for exchanging values across borders. The first and most well-known cryptocurrency is Bitcoin, which was created in 2009. Since then, thousands of alternative cryptocurrencies, often referred to as “altcoins,” have emerged, each offering different features or implementations.
Cryptocurrencies are characterized by their potential for volatility in value, their ability to provide increased privacy and anonymity compared to traditional financial systems, and the technological innovations that underpin their functioning, such as proof-of-work and proof-of-stake mechanisms.
Amid stock market volatility, Bitcoin rose over 1% while the S&P 500 fell by 6%, sparking debate on its role as a risk-on asset or safe haven. Circle, behind stablecoin USDC, filed for an IPO and a U.S. House committee advanced a stablecoin bill, signaling growth despite market turbulence. Fidelity Investments plans to include crypto…
Bitcoin faces a test of resilience amid global economic shifts, impacted by U.S. tariff announcements under President Trump. Bitcoin’s price has fallen over 15% in recent months, challenging its reputation as a digital safe haven. On-chain metrics indicate reduced selling pressure, though resistance levels remain between $85,257 and $95,300. Market analysts predict erratic price movements…
Fidelity Investments has introduced the groundbreaking Fidelity Crypto IRA, reshaping how individuals invest in cryptocurrencies for retirement. The IRA caters to demand for tax-advantaged crypto trading, allowing direct investment in Bitcoin, Ether, and Litecoin. Fidelity offers diverse IRA options (Roth, traditional, and rollover) with no account opening or maintenance fees and a 1% transaction spread….
The U.S. Department of Justice seized $201,400 in cryptocurrency aimed at financing Hamas, marking a significant victory in global counterterrorism efforts. An FBI-led investigation uncovered a complex network of digital wallets used to funnel approximately $1.5 million for illicit activities since October. Frozen assets, totaling $89,900, alongside other accounts worth $111,500, highlight the operation’s international…
Market Analysis of Bitcoin’s Volatile Movements Bitcoin (BTCUSD) faced a tumultuous start on December 10, raising concerns of a potential downward trend as the price fell below $96,000. The cryptocurrency experienced a brief surge up to $98,000, but market bulls seemed to exhaust themselves, resulting in nearly a 2% decline in daily values. A well-known…