Cryptocurrency News Great Update Today January 2023 – As usual, there have been some interesting development in the world of cryptocurrency news this week. For example, South Korean military soldiers tried to steal more than $1 million in cryptocurrency funds from an online game development company this week.
Bitcoin is a decentralized digital currency that can be bought, sold and exchanged directly, without intermediaries such as banks. Bitcoin was introduced to the public in 2009 by an anonymous developer or group of developers using the name Satoshi Nakamoto. And before it became bitcoin, it was first called Satoshi.
Because all military personnel are subject to military law, they cannot steal government funds with impunity.
At the time of this writing, one of the largest cryptocurrencies and can be called the king of crypto currency namely bitcoin, which is traded at a price of $ 16,640.87, has decreased by 0.61% and it is reported that bitcoin will fall at a price of $ 10k in 2023 and will still experience a decrease of up to $ 5 Because this flotsam has made investors nervous, investors should sell Bitcoin and some choose to hold on until the crypto market has the potential for a bull run.
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However, they were able to steal private sector funds without consequence thanks to the lenient regulations on cryptocurrency trading in Korea.
As one of the most popular financial products in today’s digital era, cryptocurrency is expected to get more attention in the future as well.
With frequent news updates on major cryptocurrencies – good and bad – following today’s cryptocurrency news updates will help us stay up-to-date with all the current happenings in this exciting industry.
Cryptocurrency is a digital currency that is created and manage by a distributed network.
Initially, cryptocurrencies were conceptualized as a way to transfer money between individuals without requiring the intervention of a bank or third party.
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However, when the financial crisis of 2008 occurred, people discovered that cryptocurrencies had different and more practical uses.
Cryptocurrencies have now become an asset class similar to stocks, bonds, art and real estate.
As of today, the value of cryptocurrency is $120 billion.
This is an increase of $20 billion since January 2018 and the highest amount ever achieved.
Bitcoin remains the most well-known cryptocurrency with a total market valuation of $120 billion today.
However, there are other well-known cryptocurrencies such as Ethereum, Ripple, Litecoin and others.
Considering both the exponential growth in the total market value and the ever-increasing number of cryptocurrencies, it is evident that cryptocurrencies are indeed becoming popular these days.
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Additionally, there was news regarding the Bitcoin block size controversy this week.
In 2017, Bitcoin’s block size was increased from 32 to 8 MB in an effort to deal with rising transaction fees.
However, due to various scalability issues such as parentless blocks and high transaction execution time due to limited system resources, many users have been requesting a larger block size for some time now.
Some prominent developers such as bitcoin core contributor Luke Dash Jr., however, believe that increasing the block size is not necessary or even advisable due to some issues with the scalability nodes and the core development team.
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