[ad_1] Before we get caught up on why beginners need a guide, it is better to start with what is cryptocurrency. At its most fundamental level, cryptocurrency is a type of digital or virtual currency that uses cryptography to secure transactions. Unlike traditional currencies backed by a government, cryptocurrencies work on what is known as decentralized systems, the most popular of which is blockchain technology. Bitcoin, Ethereum and other altcoins are a small part of the emerging ecosystem.Some key features of cryptocurrency include:Decentralization: Cryptocurrencies do not work using a central authority, but rather on distributed networks.Blockchain Technology: A public ledger…
Author: dfrancis36
[ad_1] Key Takeaways:The interest rate cut by the Fed failed to bring the expected positivity in the crypto market, which instead triggered a massive sell-off, with Bitcoin sinking below $99,000.The fears of the Fed slowing its rate cuts in 2025 and increasing inflation have weakened investor sentiment.The market has adopted a “wait-and-see” attitude, with investors waiting for further monetary and economic policies that are going to be in place.The cryptocurrency market just experienced a wild day in the wake of the Federal Reserve’s announcement for a rate cut. Instead of rejoicing, investors have seen a strong sell-off, driving Bitcoin and…
[ad_1] NOW Wallet offers a non-custodial experience with no KYC requirement for crypto-to-crypto transactions. NOW Wallet supports 70+ blockchains, 1,500+ tokens, staking, NFTs, fiat-to-crypto, and dApp integration. The wallet offers secure storage, seamless cross-chain swaps, and user-friendly mobile and desktop apps. As the cryptocurrency landscape continues to evolve, non-custodial wallets are becoming a cornerstone of digital asset management. Leading this trend is NOW Wallet, a feature-packed and intuitive wallet solution that caters to both novice and experienced crypto users. Introduced in 2021, NOW Wallet is an integral part of the ChangeNOW ecosystem, offering an all-in-one solution for managing cryptocurrencies, staking,…
[ad_1] Follow Aaron on Nostr or X. The IMF yesterday announced they have reached a $1.4 billion loan deal with El Salvador. In return, the Central American country that in 2021 made bitcoin legal tender had to remove some of its pro-Bitcoin policies.I spent about three months in El Salvador around the time the Bitcoin law went into effect. I thought then that it was a positive development for the country, but there were aspects of the law that I strongly disliked. Exactly these aspects are now being removed.Most importantly, Salvadoran merchants will no longer be obligated to accept bitcoin.…
[ad_1] Este artículo también está disponible en español. As 2025 draws near, market experts are talking a lot about how much Ethereum and Solana are competing with each other. Both cryptocurrencies have grown by leaps and bounds in 2024, nevertheless, perspectives vary on which will finally prevail in the altcoin industry in the forthcoming year. Related Reading The Swift Ascendancy Of Solana Solana’s outstanding numbers have attracted interest. It outperformed Ethereum in several important benchmarks in December, including application income and decentralized exchange (DEX) volume: Solana brought in about $141 million in application income; Ethereum earned $93.56 million. Moreover, Solana’s…
[ad_1] Vancouver’s Mayor, Ken Sim, is a genuine Bitcoin enthusiast who’s doing his part to get Vancouver’s city council as well as its citizens to see what he sees when it comes to Bitcoin.And his efforts are starting to bear fruit.On December 11, 2024, the Vancouver City Council greenlit a motion Mayor Sim prepared to start making Vancouver a more Bitcoin-friendly city.The motion directs city staff to explore the ideas of Vancouver establishing a strategic bitcoin reserve as well as accepting taxes and city fees in bitcoin.In my conversation with Mayor Sim, we discussed the passing of this motion as…
[ad_1] Este artículo también está disponible en español. Bitcoin faced a sharp retrace yesterday, dropping 8% from its all-time high of $108,300 after the Federal Reserve announced a 25 basis point rate cut alongside a revised policy signaling fewer cuts in 2025. Despite the drop, Bitcoin managed to hold above $98,000, a critical liquidity level that analysts are closely monitoring. Related Reading This recent price action raises a pivotal question: is this the start of a more significant correction or merely a shakeout to fuel the next leg of Bitcoin’s rally? CryptoQuant analyst Axel Adler provided key insights, noting that…
[ad_1] If you’ve been watching bitcoin, you probably noticed the pullback yesterday. It dropped from $108,000 to $99,000 after the FOMC meeting, where the Fed cut rates, and Jerome Powell, the Fed Chair, when asked about the Strategic Bitcoin Reserve, said: “We’re not allowed to own bitcoin and not looking for a law change,”. The market, as usual, overreacted by dumping bitcoin. But let me tell you: This dip? It’s nothing to worry about.First of all, Jerome Powell’s comments shouldn’t have surprised anyone. The Fed doesn’t control Bitcoin policy—Congress does. David Bailey, CEO of BTC Inc., even pointed this out, saying…
[ad_1] Key Takeaways:Memecoins have surprisingly overtaken BTC in the number of holders, highlighting their growing popularity in the crypto community.While memecoins are expected to drive market growth by 2025, AI tokens are projected to take the spotlight as the next big trend.Memecoins Overtake Bitcoin in PopularityCould memecoins really have outpaced Bitcoin in terms of holders? Surprisingly, yes. According to Binance’s recent survey, memecoins have surpassed Bitcoin in popularity among holders, reflecting a notable shift in the cryptocurrency market.Out of over 27,000 global respondents, 16% said they hold memecoins, compared to 14.4% who own Bitcoin. This is an unexpected milestone, given…
[ad_1] Hut 8, a prominent player in North America’s Bitcoin mining sector, has boosted its Bitcoin reserves amid the current crypto bull market. A $100 million Bitcoin purchase has pushed the company’s reserve to 10,096 coins, valued at over $1 billion as of today (Thursday). According to the official statement by the company, Hut 8 acquired approximately 990 Bitcoin at an average price of $101,710 each, complementing its previous holdings. A Billion-Dollar Bitcoin ReserveThe company’s reserve was built through a mix of low-cost production and timely market purchases, achieving an average acquisition cost of $24,484 per Bitcoin. This substantial reserve…