The Cryptocurrency Market What You Need To Know
Cryptocurrency is a form of electronic currency that employs encryption methods to govern the production and movement of money. The first cryptocurrency, bitcoin, was founded in 2009 by an unidentified developer who used the pseudonym Satoshi Nakamoto.
Cryptocurrencies are not authorised by any government or bank. Instead, they are managed by a network of computers throughout the world that verify transactions via encryption. This approach assures no one individual may control the system and conduct fraudulent transactions.
The use of digital currencies are recorded in a public digital ledger called the blockchain. Blockchain technology has been used by numerous businesses as a secure means for recording transactions, but it also has implications outside finance and banking.
The cryptocurrency industry is developing fast and there are already more than 1,500 cryptocurrencies accessible to trade on different exchanges across the globe. The top 10 coins by market cap (total value) in the month of May 2019 were:
Bitcoin (BTC) - $124 billion
Ethereum (ETH) - $57 billion
Bitcoin Cash (BCH) - $43 billion
Ripple (XRP) - $21 billion
Litecoin (LTC) - $16 billion
Cardano (ADA) - $9 billion
NEO (NEO) - $8
Google has revised its cryptocurrency advertising policy to permit blockchain-based NFT gaming ads, as long as they don’t advocate gambling or gambling services.
As the pioneer of Web3 gaming, Naoki Motohashi is intimately familiar with the transition from Web2 to Web3. Originally a producer of Web2 social games, he has since transitioned into producing crypto-entertainment IPs, forming a unique perspective on this major shift in gaming paradigms.
In a new development, the SEC has resumed the review of proposals for funds that would invest in bitcoin. The review will take place over the next few months after it was put on hold earlier this year following an appeal from Grayscale Investments Ltd., who is seeking to launch the first-ever investment vehicle for buying and selling cryptocurrencies.
The U.S. Securities and Exchange Commission (SEC) is reevaluating its earlier decisions on Bitcoin exchange-traded funds (ETFs), including a pivotal ruling concerning digital asset manager Grayscale.
As with many other federal and state agencies around the globe, the Securities and Exchange Commission (SEC) is using artificial intelligence (AI) during its normal operations.
The government has yet to make a public statement regarding the ruling and will most likely remain tight-lipped, as it did in response to Bitcoin futures in December.
An interesting panel discussion about the regulatory landscape, user adoption and crypto's future was held at the recent VeChain European Blockchain Summit. The experts in attendance offered their insights into what challenges they’re facing in their respective countries.
The specifics were not disclosed, but the tone suggested continued caution in assessing the market and infrastructure surrounding Bitcoin. The Grayscale ruling highlights the difference between a non-deliverable Forward Contract (Futures Exchange Trade Contract) and an actual futures-based ETP.
With the advent of Web3 games and blockchain technology, a profound shift has occurred within the gaming industry. I was fortunate enough to be given the opportunity to take on this new challenge.
Firms across the globe are embracing artificial intelligence, with an increasing number of businesses employing machine learning and deep learning algorithms to provide predictive analytics.