Cryptocurrencies have the potential to change finance, remove middlemen, and bring financial services to millions of unbanked people worldwide. However, the blockchain technology behind cryptocurrencies could be vulnerable if quantum computing evolves faster than efforts to hack-proof digital money. Cryptocurrencies are secured by a technology called public key cryptography. The system is ubiquitous, protecting your…
Bitcoin’s major upgrade, known as Taproot, has activated this weekend to improve the blockchain‘s functionality. It’s the first major upgrade since 2017. Developers are now able to add new features to improve privacy, scalability, and security on the Bitcoin blockchain. As Forbes reported, the long-awaited Bitcoin upgrade was deployed Sunday morning and will unlock the…
Breaking crypto news from the last week (Nov. 6 – 12, 2021): 06 Nov.: Mythical Games, a blockchain-based gaming company, has raised $150 million in a Series C round led by Andreessen Horowitz (A16z) at a $1.25 billion valuation. The firm will use the funds to expand its team, scale operations, and bring new game…
What cryptocurrencies are doing to the investment industry you could almost call mockery. This new asset class shows returns on investment many times superior to any traditional assets. Thirteen years ago, Bitcoin was created as a completely independent form of money, i.e., a means of payment. However, over time, it suffered the same fate as…