September 2022 - Page 2 of 2 - CryptoCurrencyWire

WednesdaySep 14, 2022 12:00 pm

Interoperability Crucial to Mass Adoption of Blockchain Technology

Blockchain and cryptocurrency may be extremely popular with millions of users, but they are still a long way from mass adoption. Meant to disrupt centralized currencies and systems, blockchain offers the benefits of faster transactions, lower transaction costs, and enhanced speed and security. As of July 2022, there were more than 83 million blockchain wallet users, reports Blockchain.com; those numbers underscore the massive popularity of cryptocurrencies and the blockchain technology they are built on. At the moment, there are at least 1,000 blockchains with at least four types of blockchain networks and around 20,000 active cryptocurrencies that rely on blockchain…

MondaySep 12, 2022 12:45 pm

Europol Says Blockchain Vital in Fighting Crime

When cryptocurrencies were first introduced, they promised to deliver low to zero transaction costs, unlimited withdrawals and purchases, fast transaction speeds, and enhanced security and privacy. These features set crypto apart from centralized currencies and attracted millions of users in just a few years. However, the anonymity, security and privacy offered by blockchain also drew in criminals who were looking for a way to move their ill-gotten gains away from the prying eyes of law enforcement. A 2021 report by blockchain analysis firm Chainalysis revealed that criminals laundered a whopping $8.6 billion in cryptocurrency in 2021 alone. The report stated…

FridaySep 09, 2022 12:00 pm

Vitalik Confident Volatility in Cryptocurrency Market Will Stabilize

The past couple of months haven’t been kind to the cryptocurrency market. While cryptos had been steadily declining over the first half of the year, the crypto market crashed in June 2022. Bitcoin prices sank below $20,000 for the first time since late 2020, and Ethereum fell below $1,000. When the dust had settled, major cryptos such asBitcoin and Ethereum had lost more than 50% of their value while a multitude of other cryptos lost more than 90% of their value. Unsurprisingly, investors around the world, especially those who invested big in crypto, have been worried about the future of…

FridaySep 09, 2022 11:15 am

LQwD FinTech Corp. (TSX.V: LQWD) (OTCQB: LQWDF) Leverages Over 30 BTC Capacity and 300 Channels Across 17 Countries on Lightning Network

The Lightning Network offers consumers increased transaction speeds, worldwide access, and lower fees when sending micropayments across its nodes LQwD is leveraging the Lightning Network using its own Bitcoin assets to provide solutions for consumers; company plans to expand reach to 24 countries worldwide by the end of the current quarter The need for transparency in the financial industry is fueling the growth of the cryptocurrency market, with an anticipated value of US $4.94 billion by 2030 The concept of The Lightning Network was brought to the general public in 2015 when Bitcoin developers Joseph Poon and Thaddeus Dryja published…

WednesdaySep 07, 2022 12:00 pm

FBI Advises Blockchain DeFi Firms to Boost Security as Cyberattacks Increase

Cryptocurrencies took the world by storm when Bitcoin was first introduced, acting as the world’s first decentralized online currency. The crypto market had limited barriers to entry compared to traditional finance and offered fast, secure, and private payments to users. The fact that it was built on decentralized blockchain technology that eliminated the need for a centralized banking institution attracted millions of users across the world, especially from developing countries. However, blockchain has been plagued by dishonest and malicious players since its inception. The enhanced privacy, security, and limited traceability capabilities that were the technology’s selling point also attracted criminal…

FridaySep 02, 2022 1:15 pm

Wild West Crypto Show Features 2B3D’s Innovative Solutions for Veterans and More

Conservative alt-coin podcast hosts Drew Taylor and Brent Bates recently welcomed guests and the audience to another episode of their wildly popular Wild West Crypto Show. Special guests to the program included CryptoCurrencyWire’s Jonathan Keim, who shared the three hottest stories in cryptos. The show also shined the spotlight on interviews with some of the attendees of the recent NFT Conference held in Las Vegas. “2B3D is synonymous for metaverse… Over 31,000 veterans have killed themselves since 9/11. It’s a major, major problem… Studies show that if you can get to somebody within five to fifteen minutes of that thought…

FridaySep 02, 2022 10:45 am

Blockchain Tech Transforming How People Invest

Blockchain technology has the potential to revolutionize how several industries operate. It first began with cryptocurrency, a digital currency that leveraged blockchain’s decentralized nature to offer private, secure and untraceable payments. And even though the crypto market has stumbled in recent months, blockchain is still attracting attention from a variety of industries. Investing is one of these spaces. In the not-so-distant past, investing was a game primarily played by older, more affluent investors who could weather the risk of potentially losing large amounts of money. But now that blockchain has established itself and proven that it is here to stay,…