Cryptocurrency | Latest News on Cryptocurrency | Bitcoin, Dogecoin, Ethereum News (2024)

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INVEST IN CRYPTOassets BOTS Summit (FY 24-25) Open Trading Account Bitcoin Cryptoverse: Trump's bitcoin stockpile plan stirs debate Bitcoin, ether hit multi-month lows as recession worries take hold Bitcoin tumbles around 5% WazirX’s $230-mn hack will stall the crypto industry’s progress with regulators Hong Kong to launch Asia's first inverse bitcoin ETF Cryptocurrency Bitcoin tumbles around 5% FBI reaches out to WazirX on alleged crypto heist by North Korean cybercriminals: Report The $230 million crypto theft at Wazirx a wake-up call for Indian regulators, government Bitcoin declines 3% to its lowest levels since June 25 Robinhood acquires AI-driven investment-advice platform Pluto Blockchain India accounts for 12% of world’s Web 3 developers in 2023, major jump from 3% in 2018: Hashed Emergent report After 'globally feted' blockchain platform for bonds, NSDL launches similar product for loans Crypto exchange KuCoin registers with FIU-IND, months after its URL was blocked AlgoBharat partners with T-Hub to launch Web 3 startup accelerator programme SoftBank-backed Polygon lays off 60 employees, restructures business Digital Payments MC Exclusive | NPCI talks to startups on biometric authentication for UPI payments Payments infra firm Infibeam Avenues to acquire majority stake in Rediff UPI transaction value stays above Rs 20 lakh crore for 3rd straight month in July Major banks yet again push for MDR to large merchants on UPI, but Centre may not budge Paytm launches NFC soundbox accepting card and QR-based mobile payments More News US Treasury finalizes new crypto tax reporting rules Crypto exchange Binance to pay a fine of Rs 18.82 crore imposed by FIU-IND Crypto startup CoinDCX launches CoinDCX Prime to offer personalised investment for HNIs KuCoin sees 356% surge in app downloads in May following FIU-IND registration Billionaire Mike Novogratz reveals the best way to learn about investing in crypto: 'Once you have...' Iconic Shiba Inu dog 'Kabosu' of Dogecoin fame dies in Japan About Cryptocurrency You got 30 Day’s Trial of

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Cryptocurrency

Blockchain, a trustless and distributed consensus system, allows you to send and/or receive money from someone without turning to third-party services. By creating a distributed network of ledgers that work together to keep all transactions, contracts and accounts public, they eliminate the need for mediation to large extent via a concept named as Proof of work. Proof of work is a requirement to define an expensive computer calculation, also called mining, that needs to be performed in order to create a new group of trustless transactions (the so-called block) on a distributed ledger called blockchain. All the network’s miners compete to be the first to find a solution for the mathematical problem that concerns the candidate block, a problem that cannot be solved in other ways than through brute force, essentially requiring a huge number of attempts. When a miner finally finds the right solution, he/she announces it to the whole network at the same time, receiving a cryptocurrency prize (the reward) provided by the protocol.

Bitcoin has a cryptographic security feature to ensure that only the owner of a Bitcoin can spend it. The idea is that the owner generates two numbers—a private key that is secret and a public key that is published. The public key can be easily generated from the private key, but not vice versa. A signature can be used to verify that the owner holds the private key, without revealing the private key, using a technique known as an elliptic curve signature scheme. In this way, the receiver can verify that the owner possesses the private key and therefore has the right to spend the Bitcoin. View More

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