Stay up to date with the latest crypto news from around the world with our Crypto Latest News Today blog.
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Cryptocurrencies have been in the news a lot lately, thanks to the runaway success of Bitcoin. But what are cryptocurrencies, and what’s all the fuss about?
Put simply, a cryptocurrency is a digital or virtual currency that uses cryptography for security. Cryptocurrencies are decentralized, meaning they’re not subject to government or financial institution control.
Bitcoin, the first and most well-known cryptocurrency, was created in 2009. Since then, hundreds of other cryptocurrencies have been created. These include Ethereum, Ripple, Litecoin, and Monero.
Cryptocurrencies are often bought and sold on decentralized exchanges known as cryptocurrency exchanges. These exchanges allow users to buy and sell cryptocurrencies using fiat currencies (like USD) or other cryptocurrencies.
The value of cryptocurrencies is derived from their supply and demand on these exchanges. Prices can fluctuate wildly, and investors can make (or lose) a lot of money quickly. That’s why it’s important to do your research before investing in any cryptocurrency.
Latest Crypto News: What You Need to Know
Here are some of the latest headlines in the world of cryptocurrency:
-Crypto Prices Plunge as South Korea Mulls Trading Ban: Cryptocurrency prices took a hit after it was revealed that South Korea may ban cryptocurrency trading. The country is one of the biggest markets for digital currencies like Bitcoin and Ethereum.
-Coinbase Launches Coinbase Ventures: Coinbase, one of the largest cryptocurrency exchanges, has launched Coinbase Ventures. The new venture fund will invest in early-stage companies working on blockchain technology and crypto assets.
-Ripple Partners with MoneyGram: Ripple has partnered with MoneyGram to pilot its XRP currency for international money transfers. This partnership could help Ripple become a major player in the global remittances market.
-Tether Hacked for $30 Million: Tether, a digital currency pegged to USD, has revealed that it was hacked for $30 million worth of tokens. This news sent shockwaves through the crypto world and led to a sell-off of various digital currencies.
The Latest on Bitcoin
Bitcoin prices have been on a roller coaster ride this week, slumping to a two-month low on Friday before rebounding to $8,000 by Sunday evening.
The sell-off was set off by a string of negative news, including new regulatory scrutiny in India and China and Twitter’s ban on cryptocurrency ads.
Still, some experts say the long-term outlook for bitcoin remains positive, despite the current turbulence.
“I think it’s important to remember that bitcoin is still in the very early stages of adoption, and price volatility is to be expected,” said Perianne Boring, founder and president of the Chamber of Digital Commerce, a trade association for the cryptocurrency industry.
“We often see price corrections following periods of significant growth,” she added. “What’s important is that the underlying technology continues to evolve and be developed.”
The Latest on Ethereum
It’s been a big week for Ethereum. A long-awaited hard fork finally went live on the main Ethereum network on Wednesday, resulting in the creation of a new cryptocurrency, Ethereum Classic. The hard fork was implemented in order to refund Ether investors who lost money when the DAO, a decentralized autonomous organization built on Ethereum, was hacked in June.
Ethereum’s price has been volatile since the hard fork, but it appears to be stabilizing around $14.50. Meanwhile, Ethereum Classic’s price has surged, reaching a high of $1.50 on Thursday before pulling back to around $1.20 today. It’s still early days for both cryptocurrencies, and it remains to be seen how their prices will develop in the coming days and weeks.
The Latest on Litecoin
Litecoin prices have been on a rollercoaster ride over the past few days, and it’s not clear where the digital currency is headed next.
After peaking at around $370 on Sunday, Litecoin prices fell to as low as $290 on Tuesday before rebounding to $325 by early Wednesday morning. The cryptocurrency is currently trading at $328, according to CoinMarketCap.com.
What’s driving the latest flurry of activity in the Litecoin market? Here’s a look at three factors that could be influencing Litecoin prices today.
1. Litecoin’s price is highly correlated with Bitcoin prices.
When Bitcoin prices go up, Litecoin prices tend to follow suit. That’s because investors often view Litecoin as a “digital silver” to Bitcoin’s “digital gold.” So when Bitcoin prices make headlines, it can often lead to gains (or losses) in the Litecoin market.
2. A key Litecoin developer has quit the project.
Charlie Lee, the creator of Litecoin, announced on Tuesday that he has sold all of his holdings in the cryptocurrency. In a post on Reddit, Lee said he had divested himself of his Litecoins “for a variety of reasons,” including “a conflict of interest” because he is also working for Coinbase, a major cryptocurrency exchange that supports Bitcoin and Ethereum trading (among other digital currencies).
Lee said he will continue working on the development of Litecoin as an open-source project. But his decision to sell all of his personal holdings in the currency could spook some investors and lead to more volatility in Litecoin prices going forward.
3. A new version of Litecoin Core was released this week.
On Tuesday, the team behind the popular cryptocurrency wallet Jaxx announced that they had integrated support for Litecoin into their software. This means that users of Jaxx can now use their wallets to store and trade Litecoins alongside Bitcoins and other major digital currencies like Ethereum and Dash.
Jaxx is just one exampleof many different cryptocurrency wallets that now support Litecoins following last week’s release of version 0.15 of Litecoin Core, the software that powers the currency’s network
The Latest on Bitcoin Cash
Bitcoin Cash (BCH) is a cryptocurrency that was created as a fork of the Bitcoin blockchain. It is one of the largest cryptocurrencies by market capitalization and was created to solve some of the scaling issues that are inherent in the Bitcoin network.
Bitcoin Cash has been in the news recently due to some contentious forks in its blockchain. These forks have resulted in two new cryptocurrencies – Bitcoin Cash ABC (BCHABC) and Bitcoin Cash SV (BSV). Despite this, Bitcoin Cash remains a popular cryptocurrency, and its price has been on the rise in 2019.
The Latest on Ripple
Ripple, the company behind the XRP cryptocurrency, has been making headlines lately. Here’s what you need to know about Ripple and XRP.
What is Ripple?
Ripple is a technology that powers the XRP cryptocurrency. It is also a payment network that can be used by banks and financial institutions to make fast and inexpensive international payments.
What is XRP?
XRP is the native cryptocurrency of the Ripple network. It is used to facilitate payments on the network and can also be traded on exchanges like any other cryptocurrency.
Why are people talking about Ripple?
Ripple has been in the news lately because it is one of the few cryptocurrencies that has been gaining in value while most others have been losing value. This has led some to believe that Ripple may be a good investment opportunity.
What are the risks of investing in Ripple?
Like any investment, there are risks involved with investing in Ripple. The price of XRP could go down, and if you invest in XRP you could lose money. You should only invest money that you can afford to lose.
The Latest on Cardano
Cardano (ADA) is one of the most popular cryptocurrencies on the market today. Here’s everything you need to know about this top altcoin.
What is Cardano?
Cardano is a decentralized public blockchain and cryptocurrency project. It is fully open source and developed by IOHK. Cardano is also the first blockchain platform to be built on scientific philosophy and a research-first driven approach. The development team consists of a global collective of expert engineers and researchers.
Cardano’s native cryptocurrency is called ADA, and it is currently ranked in the top 10 of all digital assets by market capitalization. ADA began trading on cryptocurrency exchanges in October 2017 and has since become one of the most traded cryptocurrencies in the world.
What makes Cardano special?
Cardano unique in many ways, but some of its key features include:
-A Proof-of-Stake (PoS) consensus algorithm called Ouroboros, which enables very efficient and secure blockchain operation without the need for energy-intensive proof-of-work (PoW) mining.
-A multi-asset ledger that can support multiple different types of digital assets on its platform.
-A highly scalable blockchain platform that can theoretically support millions of transactions per second.
-A flexible smart contract scripting language that makes it easy to develop new applications on the Cardano platform.
ADA staking & rewards Perhaps one of the most attractive features of Cardano for cryptocurrency investors is its staking program, which allows ADA holders to earn rewards for supporting the network by validating transactions. This provides a passive income stream for ADA holders and helps to secure the network at the same time.
How to buy Cardano (ADA)? Purchasing Cardano (ADA) tokens is relatively simple and can be done through a variety of cryptocurrency exchanges. Some of the most popular exchanges that list ADA include Binance, Kraken, Huobi Global, OKEx, Upbit, Bitfinex, Gemini, and Coinbase Pro.
Where to store Cardano (ADA)? If you’re looking for a place to store your ADA tokens, you’ll need to use a cryptocurrency wallet that supports this altcoin. Some popular options include Ledger Nano S, Trezor Model T, MetaMask wallet, Atomic Wallet, Trust Wallet, and Infinito Wallet
The Latest on Stellar
Stellar has been in the news a lot lately. Here’s what you need to know about this cryptocurrency.
Stellar is a cryptocurrency that is similar to Ripple. It is designed for payments and money transfers. Stellar is based on the Ripple protocol, but it is not affiliated with Ripple. Stellar was created in 2014 by Jed McCaleb, who also created eDonkey, Mt. Gox, and Ripple.
The Stellar network uses a distributed ledger to record transactions. The ledger is based on the Ripple protocol and uses the Stellar Consensus Protocol (SCP) to reach consensus. The SCP allows users to vote on changes to the network.
The native currency of the Stellar network is called Lumens (XLM). Lumens are used to pay transaction fees and are required for certain operations on the network.
The Stellar network has a built-in decentralized exchange that allows users to trade assets without a central authority. The Stellar Decentralized Exchange (SDEX) uses order books and settlement to facilitate trades between two parties.
The Stellar team is based in San Francisco and is funded by donations and grants. The team has worked with organizations such as Mozilla, Deloitte, and Microsoft.
The Latest on NEO
NEO, formerly Antshares, is China’s first original blockchain project. Since its rebrand in 2017, the NEO team has been hard at work to compete with Ethereum as a “smart economy” platform. Here’s a look at the latest NEO news today.
On January 15th, 2018, NEO held their first developer conference in San Francisco. The event was a huge success, with over 500 attendees and 26 speakers from around the world.
During the event, Neo founder Da Hongfei announced that the Neo platform would be launching on mainnet on March 1st, 2018. This news was very well received by the crypto community, as it shows that the NEO team is making significant progress.
In addition to the mainnet launch, Da Hongfei also announced that Neo would be partnering with Microsoft, Alibaba, and other big names in the tech industry. This is a huge step forward for Neo, as they look to build partnerships with some of the biggest companies in the world.
Overall, the latest NEO news is very positive and shows that the project is making significant progress. With their mainnet launch right around the corner, 2018 is shaping up to be a big year for Neo.
In conclusion, crypto latest news today is that the market is extremely volatile and unpredictable. While there are many benefits to investing in cryptocurrencies, there are also a number of risks. As with any investment, it is important to do your own research and consult with a financial advisor before making any decisions.