Cryptocurrencies - informations from the world of business
Cryptocurrencies (digital cryptographic currencies) is an innovative, distributed accounting system that collects and stores information about hold in contract units.
Hold is related to individual system nodes, the so-called wallets, in a way that ensures full control over a certain cryptocurrency wallet only to the holder of the corresponding private key.
If such a holder expresses the readiness to make a transaction it takes place electronically - directly between them and between a particular trade partner. Every unit of cryptocurrency has a unique code containing pieces of information that prevent its copying or unwanted respending.
Most cryptocurrencies are distinguished by the fact that they do not have any supervisory body (regulating or controlling them) that could decide, for instance, about increasing their supply with potential decrease in value. Their decentralized character means that virtual assets gain in importance and gain in popularity, having at the same time the trust of various communities. The turnover in cryptocurrencies takes place only electronically - directly between a minimum of two users (the so-called peer-to-peer technology (P2P), that is a model of communication in a computer network, ensuring that all of the hosts have equal rights, which distinguishes it from client-server architecture), without the participation of any kinds of banking systems or other supervisory institutions. There is no entity that would be able to control transactions, and therefore it is impossible to "block" our account.
One of the most important and one of the most popular cryptocurrencies is Bitcoin, holding from the very beginning the position of the leader as its market capitalization guarantees it an absolute primacy in this industry. Other important digital assets include: Ethereum, Ripple, Litecoin, Monero, or Waves, as well as many other alternative currencies that enjoy the unfailing trust of network users.
The world of virtual tokens is constantly evolving and changing. It is not a surprise then, that it is necessary to keep track of all the news about it, especially after taking into consideration the number of businesses that have been built basing on this wonderful industry and how well they are doing, being successful in the international arena.
The spectacular potential of blockchain technology as well as the huge number of projects that are created on its basis and which affect the innovation of individual economies and the introduction of pioneering solutions means that there is an increasing number of young enterprises (startups) that take a completely new direction, of which the cryptocurrency is the starting point. Information about the functioning of the entire industry, appearance of new projects, current prices and crypto-asset rates, as well as statements and expert analyzes - allow them to understand this still young and dynamically growing market better.
This category contains important news from the world of business. They may be indispensable, especially in the context of making the right investment and business decisions.
The Dutch central bank has announced that institutions that provide any cryptocurrency services must prepare for new legal regulations from January 2020.Date of changesJanuary 10, 2020 - it is then that the new regulations prepared by De Nederlandsche Bank are to go into effect. Institutions conducting operations related to cryptocurrencies will have to register relevant documents in the bank in order to continue operating them.In the official statement of the central bank we can read:“In concrete terms, firms offering services for the exchange between cryptos and regular money, and crypto wallet providers, must register with De Nederlandsche Bank.”In July ministers of the Netherlands have attached a condition that cryptocurrencies have to be regulated; the reason is that not so long ago people have been concerned about increasing threat of money laundering, as cryptocurrencies are used for scams pretty frequently.Finance Minister Wopke Hoekstra received a note in January from the Dutch tax office and the central bank. It suggested the implementation of appropriate licenses that should be required from companies providing cryptocurrency services. The Netherlands is a country that does not officially recognize cryptocurrencies as a means of payment, but in 2018 one court ruled that Bitcoin is a "transferable value". In 2018, a survey was conducted on the most popular cryptocurrency exchanges used by the Dutch. Coinbase is the leader here, indicated by 23% of respondents. 12% of respondents said that they do not use any exchanges.
Much was said about over 28 companies which financially support the Libra project. Among them are also Visa and Mastercard. Now, however, it turns out that there are no binding agreements on this matter yet.
After Justin Sun announced a delay in a lunch meeting with Buffett, the media began to suspect money laundering and other legal problems that prevent Sun from leaving the country. Yesterday, Sun published a video in which he responds to the allegations.
CEO of Binance exchange, Changpeng Zhao, also spoke on the subject of criticism of cryptocurrencies by politicians. In his opinion, the mere fact that the president of the US was interested in the subject has a positive impact on the industry.
David Marcus, the leader of the Facebook project, Libra, confirmed that people responsible for this cryptocurrency are going to discuss its shape with the Swiss. Specifically speaking, the federal commissioner for personal data protection will be the person involved in the discussion.
On Tuesday, July 16, a Senate Banking Committee meeting was held regarding the Facebook cryptocurrency project, Libra. The session was attended, among others, by a co-founder of Libra and by Senators of the Republican and Democratic Party.
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