Cryptocurrency is a digital or virtual form of currency that uses cryptography for security. It operates on decentralized networks based on blockchain technology, which is a distributed ledger that records all transactions across a network of computers. Unlike traditional currencies issued by governments (fiat currencies), cryptocurrencies are typically not controlled by a central authority, which makes them immune to government interference or manipulation.
Cryptocurrencies can be used for various purposes, including trading, investment, and as a medium of exchange for goods and services. Bitcoin, created in 2009, is the first and most well-known cryptocurrency, but there are thousands of alternatives, known as altcoins, with varying features and uses.
Transactions made with cryptocurrencies are generally pseudonymous, meaning that the identities of the users are not directly tied to their transactions. Various cryptocurrencies also provide different functionalities and levels of security, and they can be stored in digital wallets, which can be online or offline. The rise of cryptocurrencies has sparked discussions around regulation, security, and the future of finance.
Solana's SOL experienced a 7% surge following the defeat of a governance proposal that aimed to change inflation schedules, highlighting collective governance and attracting institutional investors. Ripple's XRP rose by…
Franklin Templeton has submitted an application for an XRP Exchange-Traded Fund (ETF), sparking optimism in the cryptocurrency market. XRP, designed for cross-border transactions via the Ripple network, has shown resilience…
The cryptocurrency Ripple (XRP) has experienced a significant decline, falling over 30% from its peak earlier this year. Market speculation hinges on the U.S. SEC possibly ending its legal battle…
A digital financial revolution is reshaping the landscape, driven by crypto derivatives and decentralized finance (DeFi). Shaurya, from CoinDesk's Asia team, navigates through the complexities of cryptocurrencies like BTC, ETH,…
XRP revolutionizes cross-border transfers with significantly reduced fees, costing mere cents compared to traditional methods. Transactions using XRP are completed almost instantaneously, offering a stark contrast to the days-long processes…
XRP experienced a significant 54.05% increase in trading volume to $5.76 billion, contrasted by an $11 million outflow and a 3.38% price drop. "Whales," or large holders, are increasingly accumulating…
XRP is approaching the $3 mark, trading consistently between $2.30 and $2.85, with potential for a breakout. Market analysts focus on technical indicators like ascending triangles and apex points to…
Blockchain technology is transforming XRP and Bitcoin from simple digital currencies into powerful tools for financial innovation. Real-world asset (RWA) tokenization — embedding physical assets onto the blockchain — could…
XRP has achieved a remarkable 750% price increase over the past five years, attracting significant investor interest. Investing during dips requires caution; sharp declines can lead to prolonged periods of…
Solana and XRP saw declines of 4%, while Bitcoin showed resilience with a 1.1% drop. Cardano's ADA and Ether defied the downturn, each posting a 2% gain. Midcap token Jupiter's…