What is crypto?
Crypto is an encrypted digital currency that uses cryptography to secure transactions and control the creation of new units. Because crypto allows for anonymity, it has become popular with libertarians as well as technophiles, speculators — and criminals.
Bitcoin, created in 2009 by Satoshi Nakamoto (likely a pseudonym), kickstarted crypto’s credibility among techies but quickly became outdated because transaction speeds were too slow and processing fees were too high due to its popularity.
Today there are over 2000 crypto assets or currencies available on exchanges around the world. The top ten alone account for 70% of capitalization at nearly $80 billion dollars combined according to “Coin Market Cap.”
Crypto news today is all about crypto price predictions, crypto exchange crypto crypto crypto! Okay, that’s not what I want to talk about. What I want to mention are three other things you need to know before investing in cryptocurrency.
First off, it’s important to remember that crypto prices can fluctuate significantly and unpredictably. This means there is always a risk of loss when trading or investing in digital currency.
Second, be sure you’re aware of the tax implications of your decision.
Finally, don’t forget how volatile this market can be – so if you do invest in cryptocurrencies like Bitcoin for example…make sure you only invest an amount that will allow you to comfortably weather any storms!
Is crypto safe?
To answer that question, it’s very important to know how crypto works in the first place.
First off, you can’t physically hold crypto-like dollar bills or coins – which is why many people refer to crypto only as digital currency; this also means there isn’t any physical representation of its value either (like gold for example).
Second, crypto transactions are completely anonymous and untraceable by design – meaning your personal identity won’t be tied at all to your crypto wallet addresses if you don’t want it to!
And thirdly… while some countries do regulate exchanges/trading platforms where cryptocurrencies can be bought/sold, crypto itself is decentralized.
This means that no government or country will have control over your crypto – it’s completely up to you on how/when/where you spend or exchange your crypto holdings! There are however some countries that have outright banned the use of cryptocurrencies entirely so if this interests you check out where they are online.
Now while many people know these basic facts about crypto already, there are still a lot who don’t – but do avoid making the same mistake by keeping yourself informed with crypto news today at least once in a while. Of course, whether it be for investment purposes or just general interest, knowing what’s going on within the industry certainly does not hurt!
In conclusion, crypto news today should be of interest to crypto investors and enthusiasts alike. So stay informed, don’t fall behind on crypto news – even if you’re not investing or trading any crypto you never know when it might come in handy!
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