Can Blockchain Technology Succeed Without Cryptocurrencies?

<p>Although cryptocurrencies and blockchain technology are closely related, they are not synonymous. Cryptocurrencies are a subset of blockchain technology, whereas blockchain is a broader term that covers a wide range of potential uses and applications. </p><p>Do Cryptocurrencies Matter for the Long-Term Success of Blockchain?</p><p>To...

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Are Cryptocurrencies a Scam?

<p>Cryptocurrencies have been the subject of much debate and discussion, with views on their potential as an investment and a technology ranging widely. While some believe cryptocurrencies are a scam, others believe they represent a significant technological innovation and investment opportunity. </p><p>Cryptocurrencies are...

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FCA Seeks Crypto Firms' Preparedness for Upcoming Promotions Regime

<p>The UK's financial market supervisor, the <a href="https://www.financemagnates.com/terms/f/financial-conduct-authority-fca/" class="terms__main-term" id="4c85a54d-15e0-4e44-a214-8c55f71cb286" target="_blank">Financial Conduct Authority (FCA</a>), announced on Monday that all local and overseas <a href="https://www.financemagnates.com/cryptocurrency/cryptocurrency-fraud-in-uk-rises-by-32-to-270m/"...

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Bitcoin: Beyond the Crash and Embracing NFTs?

<p>After a year of doom and gloom, the final, trainwreck quarter of which surely drove the last of the crypto tourists to beat an incredulous retreat, January 2023 ushered in an abrupt reversal. This change of atmosphere was stirred by an exceptionally strong performance from Bitcoin, which recovered almost 40% in price through the opening month...

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Binance Invests in Crypto Exchange GOPAX Years after South Korea Exit

<p>Binance, the world’s largest cryptocurrency exchange, has injected capital into the distressed South Korean crypto exchange, GOPAX, two years after it shut down its affiliate firm in the country due to low patronage. </p><p>Bloomberg reports that the crypto exchange purchased a majority stake in GOPAX. Earlier in the month,...

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Inflows into Crypto Investment Products Hit Highest since FTX Collapse

<p>The average weekly inflows into digital asset-based investment products reached $36.8 million in January, which is the highest since the collapse of the once-leading crypto exchange, FTX, in November last year. The new height comes months after <a href="https://www.financemagnates.com/cryptocurrency/troubled-ftx-files-for-bankruptcy-as-ceo-bankman-fried-resigns/"...

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UK Moves to Regulate Crypto for Better Consumer Protection

<p>Great Britain is preparing the ground for cryptocurrency regulation in the country in the future, the UK's government announced on Wednesday. Public consultation has been launched as the first step to prepare a draft law on regulating digital assets.</p><p>UK Starts Crypto Regulation Works</p><p>According to the...

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StarOptions and B2G Promoter Gets 60 Months in Prison for Fraud

<p>On Tuesday, the federal court in Brooklyn sentenced John DeMarr to 60 months in prison for his role in a multi-million dollar cryptocurrency and <a href="https://www.financemagnates.com/forex/aviv-talmor-gets-4-years-in-prison-for-22-million-utrade-fraud/" target="_blank" rel="follow">securities fraud scheme</a>. The sentencing...

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Crypto Narratives and the Bitcoin Anti-Narrative

<p>The word narrative is overused in crypto, and it might elicit a roll of the eyes if uttered in dialogue with a committed Bitcoin maxi. It refers to a story, in this case about a coin, protocol or product, that will drive attention and attract buyers.</p><p> You could argue that rather than narratives, crypto needs concrete real-world...

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6 Consensus Mechanisms You Need to Know

<p class="MsoNormal">Understanding what consensus mechanism are and what they do can be a difficult task for those not in touch with blockchain technology. </p><p class="MsoNormal">However, as you get involved with specific coins, you will certainly need to understand how things operate behind the scenes and how proof of work, proof...

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