Cryptocurrencies are one of the quickest-growing branches of the modern financial market. Virtual coins attract both novice traders and veterans. Experienced investors focus on innovative technology and long-term profits while beginners see cryptocurrencies as an opportunity to get rich quickly. However, the cryptocurrency industry is still in the early stage of its development. There is a lack of legal and tax regulations, and it hinders the free circulation of cryptocurrencies. That's why every day you can read hundreds of all sorts of information and business news from the world of cryptocurrencies. Do you want to stay informed all the time? You've found the right place! You will find the latest cryptocurrency news in the 'Cryptocurrencies - business news' tab on Tokeneo website.Cryptocurrencies are still a new field of the financial market. It all began on January 3, 2009 - it was the day when the first block in the Bitcoin (BTC) chain was created. Bitcoin is currently one of the most popular cryptocurrencies in the world. It is the first decentralized coin that was based on the peer-to-peer protocol. It means that Bitcoin is a completely decentralized coin, as opposed to traditional fiduciary money such as euro, dollar, or Polish zloty. Furthermore, Bitcoin's community controls all transactions and their correct course. However, in this system there is no central managing entity such as a bank, politicians, or the state.Many secrets and conspiracy theories concerning this cryptocurrency have been created over the years, for example, the true identity of its creator still remains unknown. This creator, or a team of creators of this e-currency, is known as "Satoshi Nakamoto". Occasionally, further speculations about Nakamoto's real identity are starting to arise. The most frequently mentioned names include Vili Lehdonvirt, Dorian Nakamoto, Craig Wright, Elon Musk, and even the US government.Despite this, Bitcoin is a cryptocurrency that has changed the financial world forever - the development of this coin went really fast. In October 2009, the first purchase of Bitcoin in exchange for dollars was made. For only 5 dollars and 2 cents a user bought 5,050 Bitcoins. In 2010 there was also a case in which a pizza was bought for a staggering amount of 10,000 Bitcoins.One of the most important moments on Bitcoin (BTC)'s record is certainly reaching the ATH (All-Time High, the highest score in history), which took place in December 2017. On September 17, 2017, Bitcoin has reached the price of 19,783.21 USD. Unfortunately, the hot streak did not last long - 2018 was marked by constant declines and a slump.Are you in need of the most important news about cryptocurrencies from both your own country and from around the world? You've found the right place! Tokeneo News' editors observe news agencies and top trade portals every single day. All this to find the most interesting and important information about the native and foreign cryptocurrency market.
It was announced a year ago, that, Bithumb, a struggling Korean cryptocurrency exchange, would be taken over by another entity. Currently, the whole contract may not be completed.Contract DetailsIn October 2018, BK Global Consortium announced the acquisition of 50% +1 share of BTC Holding Co. which is currently the largest investor in the Bithumb crypto exchange. As reports show, the transaction was supposed to reach a value of around 333 million dollars. What is more - the consortium made 100 million advance payments, which were supposed to be allocated for the creation of its own cryptocurrency. The creation of the cryptocurrency plan was not carried out, however and there is even a problem with the acquisition of the exchange. Bithumb has been facing various problems since the very beginning. It was the victim of hacker attacks more than once, the government accused it of tax fraud (the founders were finally acquitted). The whole year 2018 brought significant losses, resulting in mass layoffs and exchange's financial losses.
Head of Binance, Changpeng Zhao, claims that the cryptocurrency exchange will re-enter the cryptocurrency market in the United States. No specific date has been given yet, but the declaration was quite firm.
Amazon is trying to become popular in every possible industry. And, apparently, it is unlikely that the company is going to slow down over the coming years. One of the largest global trading companies is now looking for an engineer that would join the blockchain team.
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