Despite Bitcoin offering unprecedented decentralization and security, its network has one significant flow, namely, the transaction speed. A single transaction processing can take up to 10 minutes. But why is this happening?
The traditional method of moving money abroad has always been associated with high transfer and money conversion rates, unnecessary delays, annoying paperwork and bureaucracy, but the rise of cryptocurrency as a competing instrument seems to provide many easy alternatives.
Cryptocurrency has been attracting illegal dealers since its very inception. Due to its anonymity and security, Bitcoin was widely used as a payment method on the darknet shadow markets. However, lately criminals started paying more attention to Monero as this cryptocurrency allows for an enhanced secrecy and disguise.
The world’s first licensed Bitcoin-led casino operator, Bitcasino, has yet again expanded its ecosystem by adding full support for Ripple’s native currency, XRP, allowing its community of users to benefit from XRP’s fast transactions and lower fee structure.
A new type of mobile cryptocurrency exchange and a card paying service will soon be in vogue, as users will be granted access to use the Visa network to make transactions happen between cryptocurrencies and fiat.
The experimentation in the Lombardy Region of the use of blockchain technology in an anti-bureaucracy key on the 'Free Nests' measure, which allows zeroing of the nest fee, in Cinisello Balsamo pilot municipality in Italy has officially opened.
Over the weekend, an India-based crypto exchange shut down its services, suspended trades and cancelled all open orders on March 30. Coindelta alludes to its financial issues and the Reserve Bank of India’s (RBI) stringent cryptocurrency regulations as one of the main reasons forcing the exchange to lay down tools.
Ethereum (ETH), the second bull cryptocurrency after Bitcoin, has a massive number of users but one of them is drawing out another mortgage following a charge of more than 2100 ETH in an attempt to send someone $14 worth of ETH. This fee is abnormal and appears as if it was a mistake, but the customer’s account is still active meaning that the possibilities of making such kind of a mistake is high.