In our “National Cryptocurrencies” section, we cover government-backed digital currencies and state initiatives related to blockchain technology. Here you will find news about central bank digital currencies (CBDCs), national crypto projects, and the role of digital money in modern economies. Read the “National Cryptocurrencies” section on ForkNews to stay informed about how countries are developing their own digital currencies.
Experts agree that the future of cryptocurrency will largely depend on whether it is accepted as regular payments from leading online retailers. There is reason to believe that it will.
Kim Dong-yong, the Minister of Finance of South Korea, made an official statement that he considers it impossible for public blockchain networks to operate without cryptocurrency. Let us recall that before this, the South Korean government announced that it would not prohibit cryptocurrency trading, both in the short and long term. Don Yong also noted that the Ministry of Finance is not going to engage in bans on the digital currency itself or limit its use.
“Cryptocurrency hasn’t even reached the starting line yet,” Mr. Ran Ney-Ner, a leading crypto trader and investor at CNBC Africa, told CNBC in an interview. He has been monitoring the price of bitcoin since last year.
A protocol called PHANTOM is presented as a solution that can confirm a transaction over any network bandwidth. The authors of the new protocol were Yonatan Sompolinsky and Aviv Zohar.
Almost every country has cryptocurrency communities where like-minded people can find each other. There are websites that help people search for such communities, forums, chats or meetups in a particular country. The crypto community is being formed in the same way, at least among young people.
The outgoing trading week began with a gradual decline in prices for all major cryptocurrency pairs. On Thursday, February 1, the rate of price decline increased, as a result of which the total capitalization of all cryptocurrencies decreased per day by 100 billion US dollars
According to Investopedia, the large American exchange Coinbase sent out tax receipts for transactions. Namely, tax forms 1099-K, which relate to transactions carried out on the exchange in 2017.
Yesterday, when reaching daily lows, cryptocurrencies were bought in large volumes. Today we expect a continuation of this trend.
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