The rivalry between the United States of America (USA) and China has a long history. During the previous couple of years, they have been competing in practically every industry including blockchain and cryptocurrency.
There is a theory that Japan is the mother country of Bitcoin. Regardless of whether it is true or not, it was among the first countries to start making virtual currency transactions. Besides, Japan was the first country to solve the problem of double-spending for crypto using the P2P structure.
China’s history on cryptocurrency is quite a controversial one. Most of the crypto users that became millionaires after 2017’s crypto-bubble were residing in China. The country’s mining pools dominated over 60% of the Bitcoin overall hashrate. Nevertheless, regulators are making every effort to stop the growth of the sector.
Venezuela is amidst one of the toughest economic recessions in the country’s history. To reinforce their standing, its citizens turn to Bitcoin. The flagship cryptocurrency tends to be more stable than the Bolivar, or the Petro, an oil-backed crypto issued by the Venezuelan government.
Blockchain technology is considered to be secure and immutable due to its decentralized nature. But as it becomes more popular with new solutions popping up almost daily, hackers become inventive enough to find vulnerabilities and attack it.
Many governments as well as citizens remain cautious about cryptocurrencies as they lack awareness and understanding of their nature. However, history proves that digital currencies are just another form of money like shells or silver coins with the only difference that it cannot be touched for the first time ever.
The last month has been written in the history books as a trading session that has offered some amazing returns in the blockchain and digital asset market. Following the protracted bearish trading period, the world’s top cryptocurrency managed to hit and exceed the $9.5k price level, a thing it last did in May and June of 2019 when it traded above $13k.
Following the recent Binance DEX listing, Paycent performs a huge 45 days $ 1,000,000 giveaway, PYN traders and holders have a chance to win $ 350,000 Bentley Bentayga, 1 KG gold bar, 5 Rolex Cosmograph Daytona, and 500 more tangible prizes.