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Bitcoin is an experimental digital currency that allows instant payments to anyone, anywhere in the world. Bitcoin uses peer-to-peer technology to operate with no central authority. Money transfers and the minting of new coins are carried out collectively by the network. The open source software that enables Bitcoin is released under the MIT license.
Click here for a concise explanation of how it works or here for a detailed technical description.
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South Africa to stamp out unethical digital asset ads with new advertising rules
27 Jan 2023 04:00 South Africa’s ads watchdog worked with industry stakeholders to develop the new clause which requires VASPs to tell users they could lose all their money. [...]
Digital Currency Group-owned exchange Luno axes 35% of staff It's estimated that the firm will cut 330 jobs, mostly in its marketing department, giving some insight into how industry insiders view the growth prospects of exchanges in the near-term future. [...]
Australia’s Stephen Jones: There are ‘good arguments’ to regulate digital assets as financial products Australia’s financial services minister is firmly against creating a new regulatory regime for the entire asset class when a proper framework for regulating financial products currently exists. [...]
Brankas and Element introduce advanced fraud detection in open finance Brankas, a global open fintech provider, and Element Inc, a privacy-led AI pioneer, announced a strategic partnership to introduce an additional layer of security to detect potential fraud. [...]
Coinbase Fined €3.3 Million in Netherlands, Exchange Considers Appeal
Financial Advisors See Strong Interest in Crypto — 90% Receive Inquiries About Crypto Investing, Survey Shows
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"The root problem with conventional currency is all the trust that's required to make it work. The central bank must be trusted not to debase the currency, but the history of fiat currencies is full of breaches of that trust. Banks must be trusted to hold our money and transfer
it electronically, but they lend it out in waves of credit bubbles with barely a fraction in reserve. We have to trust them with our privacy, trust them not to let identity thieves drain our accounts. Their massive overhead costs make micropayments impossible.
With e-currency based on cryptographic proof, without the need to trust a third party middleman, money can be secure and transactions effortless."
Satoshi Nakamoto |
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