Top 50 Cryptocurrencies explained in one sentence

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– Bitcoin (BTC): The original.Satoshi Nakamoto, the creator, said its purpose was to allow “online payments to be sent directly from one party to another without going through a financial institution.” – Ethereum (ETH): Ethereum is the wonder child of crypto, acts as an infrastructure for more than 70% of decentralized applications.ETH introduced smart contracts,…

Disconnected Venezuelan Bitcoin Miners Might Resume Operations in 48 Hours – Emerging Markets Bitcoin News

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[Crypto currency] Disconnected Venezuelan Bitcoin Miners Might Resume Operations in 48 Hours – Emerging Markets Bitcoin News A group of Venezuelan Bitcoin miners that were disconnected from the power grid by regional authorities in the state of Carabobo might resume operations in the next 48 hours, according to the national cryptocurrency watchdog, Sunacrip.The institution met…

These 13 banks have invested the most in crypto and blockchain to date

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Photo illustration by Edward Smith/Getty Images Blockdata compiled a list of the 13 banks that have invested the most in cryptocurrency and blockchain companies to date.Coinbase, Ripple, and NYDIG have landed financial backing from big banks.55% of the world’s top 100 banks are investing in the crypto and blockchain space.See more stories on Insider’s business…

50 Years After Going Off Gold, the Dollar Must Go for Crypto

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It was Sunday night on Aug.15, 1971, and many Americans were watching television — the most popular show that evening being the Western series “Bonanza.” (Older readers will recall that it chronicled the adventures of the Cartwright family — Ben, his three sons and their Chinese cook — on their Ponderosa Ranch in Nevada.) At…

Kominers’s Conundrums: Free a Phoenix So It May Rise Again

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Then the pandemic hit, putting the burgeoning industry under threat.But like a Phoenix rising from the ashes, these games came back in new online and hybrid forms.There have been so many innovations, in fact, that a conference is convening to consider them: The Reality Escape Convention — or “RECON,” for short.There’ll be lectures and workshops…

From all-night gaming sessions to a life-changing epiphany: Inside the college years of the 29-year-old crypto billionaire Sam Bankman-Fried

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Sam Bankman-Fried, founder and CEO of crypto exchange FTX.FTX Official/YouTube Sam Bankman Fried, the 29-year-old billionaire founder of crypto derivatives exchange FTX, wasn’t always the expert he is today.Back at MIT, he was struggling to find his direction in life, according to an exclusive profile by Yahoo Finance.But one altruistic movement changed his life forever,…

Nixon Broke With Gold 50 Years Ago. What Comes Next?

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No more, Nixon announced.Henceforward, the dollar would be worth whatever people thought it was worth.He meant this as a temporary measure.Gold was flowing out of the U.S.as the war’s defeated countries re-emerged as economic competitors.Other countries had to let the dollar drop a little.Closing the gold window for a while would show that Nixon was…

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