BITCOIN
Bitcoin (BTC) is the world’s first open-source, peer-to-peer cryptocurrency developed by a pseudonymous person or group of people under the name of Satoshi Nakamoto in 2008. The identity of Satoshi Nakamoto remains a mystery. The crypto is run on distributed ledger technology, also known as blockchain. Bitcoin allows for lower transaction fees than traditional online payment systems, and is decentralized, unlike government-backed currencies. Bitcoin is the world’s largest cryptocurrency by market capitalization and has a limit of 21 million coins. The cryptocurrency uses a proof-of-work protocol to enable security, privacy, and legitimacy of monetary transactions. The issuance of Bitcoin requires mining, where programmers solve a difficult cryptographic puzzle to be able to mine Bitcoin, which earns them a reward. Bitcoin remains the most popular cryptocurrencies, all other cryptocurrencies are known as altcoins.
Billions of Dollars Exit Exchanges as Investors Scuttle Towards Safety
Investors are withdrawing their funds from exchanges amid the FTX implosion
Upland and FIFA Officially Launch the FIFA World Cup Qatar 2022™ Experience in The Upland Metaverse
Upland and FIFA have today announced a multi-year partnership that allows the Upland community and football fans worldwide to collect, trade, and own FIFA digital assets and game video highlights, pursuing a joint mission to help fans get a better understanding of how the metaverse and web3 work.
No Significant Risk Exposure to FTX or FTT, Says Coinbase CEO
Coinbase CEO Brian Armstrong tweeted that Coinbase has no significant exposure to FTX and its platform currency FTT, as well as Alameda's exposure.
BitMEX to Launch BMEX Token Trading on Friday
Crypto exchange Bitmex has announced it will launch the trade of its BMEX token on 11 November.
BlockFi to Relaunch Yield Bearing Product in the US After SEC Settlement
Months after settling with the SEC, BlockFi has now re-introduced its yield product
Former Meta and Pinterest Executive Joins Sequoia-Backed Decentralized Social as COO
After years spent developing the category-defining technology powering its infrastructure, Sequoia-backed DeSo is hiring Salil Shah, a seasoned executive with experience at Meta and Pinterest, to scale the business.
MarginX, World's First Community-Based Decentralized Exchange, Launches on Function X Blockchain
MarginX, the world’s first community-based decentralized exchange (DEX), launches on the Function X blockchain today. It runs on a first-of-its-kind multi-chain and on-chain infrastructure that allows investors to trade with close to zero gas fees, ultra-high throughput and liquidity, and full ownership and transparency.
KuCoin lists AirDAO's $AMB token with a $USDT pair
The announcement gives KuCoin's 25 million global users the opportunity to participate in AirDAO's up-and-coming DeFi ecosystem, boosting its rapidly growing international community and marking another exciting exchange listing for AirDAO. KuCoin is running a Net Holding competition as part of the events surrounding the listing, with $30,000 in $AMB tokens up for grabs for participants. Also, KuCoin will launch a Twitter airdrop and a participation reward campaign to promote the listing.
MarketAcross To Join Benzinga’s Future Of Crypto Summit As Global Media Partner
MarketAcross, the premier blockchain PR and marketing firm, is the official global media partner for the Future of Crypto conference, organized by Benzinga. The event is a new Benzinga initiative which wants to focus on the broader cryptocurrency industry, including DeFi and NFTs.
Crypto Exchange Coinmetro Successfully Raises $7M
Crypto exchange Coinmetro has successfully raised $7 million in funding in a round backed by three angel investors and hundred shareholders.