top cryptocurrency
Top cryptocurrency
With a blockchain, it’s possible for participants from across the world to verify and agree on the current state of the ledger. Blockchain was invented by Satoshi Nakamoto for the purposes of Bitcoin https://aus-online-casino.com/bonus/no-deposit/. Other developers have expanded upon Satoshi Nakamoto’s idea and created new types of blockchains – in fact, blockchains also have several uses outside of cryptocurrencies.
A cryptocurrency wouldn’t be very useful if anyone could just change the history of transactions to their own liking – the point of cryptocurrency is that you can be sure that your coins belong to you only and that your balances will not change arbitrarily. This is why reaching consensus is of utmost importance. In Bitcoin, miners use their computer hardware to solve resource-intensive mathematical problems. The miner that reaches the correct solution first gets to add the next block to the Bitcoin blockchain, and receives a BTC reward in return.
However, Bitcoin is far from the only player in the game, and there are numerous altcoins that have reached multi-billion dollar valuations. The second largest cryptocurrency is Ethereum, which supports smart contracts and allows users to make highly complex decentralized applications. In fact, Ethereum has grown so large that the word “altcoin” is rarely used to describe it now.
Cryptocurrency news
Stablecoin issuer Tether bought $458.7 million worth of Bitcoin for Twenty One Capital on May 13, a Bitcoin investment firm it backed that’s working on a Special Purpose Acquisition Company (SPAC) merger with Cantor Equity Partners.
“Current volatility in cryptocurrency markets does not make a prudent fit for general fund dollars,” she stated in her veto letter. “I have already signed legislation this session which allows the state to utilize cryptocurrency without placing general fund dollars at risk,” she added.
Today in crypto, Twenty One Capital had a $458.7 million worth of Bitcoin injection from Tether, VanEck is launching its first tokenized fund backed by US Treasurys, and Arizona Governor Katie Hobbs has vetoed bills aimed at creating a state Bitcoin reserve and enabling crypto payments.
The fund, called VBILL, will be initially available on Avalanche, BNB Chain, Ethereum and Solana blockchains, VanEck said in a May 13 statement. The fund’s minimum subscriptions start at $100,000 for investments running on Avalanche, BNB Chain, and Solana, while the minimum subscription on Ethereum is $1 million.
VanEck joins a burgeoning field of traditional financial firms that have launched RWA tokenized funds, with competitors including BlackRock and Franklin Templeton. In January, Apollo, an investment firm with $751 billion in assets under management, also launched a private credit tokenized fund.
Cryptocurrency prices
Bitcoin is the oldest and most established cryptocurrency, and has a market cap that is larger than all of the other cryptocurrencies combined. Bitcoin is also the most widely adopted cryptocurrency, and is accepted by practically all businesses that deal with cryptocurrency.
We calculate a cryptocurrency’s market cap by taking the cryptocurrency’s price per unit and multiplying it with the cryptocurrency’s circulating supply. The formula is simple: Market Cap = Price * Circulating Supply. Circulating supply refers to the amount of units of a cryptocurrency that currently exist and can be transacted with.
Price volatility has long been one of the features of the cryptocurrency market. When asset prices move quickly in either direction and the market itself is relatively thin, it can sometimes be difficult to conduct transactions as might be needed. To overcome this problem, a new type of cryptocurrency tied in value to existing currencies — ranging from the U.S. dollar, other fiats or even other cryptocurrencies — arose. These new cryptocurrency are known as stablecoins, and they can be used for a multitude of purposes due to their stability.
The total crypto market volume over the last 24 hours is $148.44B, which makes a 10.43% decrease. The total volume in DeFi is currently $25.86B, 17.42% of the total crypto market 24-hour volume. The volume of all stable coins is now $139.43B, which is 93.93% of the total crypto market 24-hour volume.
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