Cryptocurrencies’ essential underpinning architecture is comprised of blockchains. A common feature of these distributed ledgers is the sequential updating of a cryptographically secure, verifiable transaction record by a network of peers acting under a set of rules imposed by the software itself. This record is publicly held and can be used by anyone, anywhere.
Despite years of study on shared ledger technology, the Bitcoin blockchain provided the first distributed ledger completely decentralized and immune to interference, seizure, and censorship.
At CryptoAnnals, we track the development of the blockchain sector. Is it a revolution, or is it just hype? the two? Will it lead to a secure future for global trade and finance? What percentage of transactions on the blockchain will there be in the upcoming years?
The Danish toymaker Lego is expanding its assault into the virtual world by joining forces with the video game industry facilitator Epic Games. The Lego Group is teaming together with game engine maker Epic Games to develop a metaverse-driven effort aimed at the digital market. According to sources, the famed Danish toy company intends to … Read more
Starbucks Corporation, an American global chain of coffeehouses, has released its newest collection of Non-Fungible Tokens (NFT), which it has dubbed “The Siren Collection.” According to reports, the collection, which consisted of two thousand artifacts referred to as stamps and offered as part of the Odyssey program, sold out in only around 18 minutes. Despite … Read more
In light of the significant worsening in the macroeconomic factors, Blockchain.com concluded that it was necessary to terminate BACM, which catered to institutional players. Some crypto companies have been feeling the effects of market instability and liquidity problems. The prominent cryptocurrency business Blockchain.com has decided to close down its crypto wealth management arm in the … Read more
Bakkt has announced (1) its earnings for the fourth quarter of 2022, reporting $15.6 million in revenue. Although this number was lower than the expected $16 million, it still marks a 14% rise over the previous year (YoY). Q4 revenue growth for the digital asset management software system was met with increased costs. This turn of … Read more
In a recent lawsuit, the New York Attorney General’s office accused KuCoin of “ignoring our laws and placing investors in danger.” New York Attorney General Letitia James has filed suit against KuCoin (KCS) as part of a larger effort to crack down on virtual currencies. On Wednesday, the New York Attorney General’s office sued (1) … Read more
During her testimony before the Senate Agricultural Committee on March 8, Senator Gillibrand disclosed the next draft outline. The Commodities Futures Trading Commission (CFTC) oversight was the topic of conversation at the hosted event. During her speech (1), the American politician brought up an earlier version of the crypto law that she and Senator Lummis … Read more
The regulatory environment surrounding cryptocurrencies in the United States has been fraught with ambiguity for some time. On March 8, the Chairman of the Commodity Futures Trading Commission (CFTC), Rostin Behnam, testified before the Senate Agricultural Committee that most stablecoins are commodities. Curiously, he also includes Ethereum (ETH) in this group, and he adds that … Read more
Shitcoins are similar to counterfeit coins because they do not function properly and can be a waste of money. And Vitalik Buterin, one of the founders of Ethereum, is fully aware of that fact. Because of this, he decided to liquidate the meme coins that he had been given as a gift, which was a … Read more
The Bitcoin ‘Mining Development Kit’ (MDK) could be useful for incorporating Bitcoin mining into a variety of use cases, such as heating systems, mining off the grid, mining at home, or apps that need intermittent power. Jack Dorsey’s company, Block Inc., has made it one of its missions to democratize the Bitcoin mining sector and … Read more
Web 3.0 firm nealthy, which helps people invest in cryptocurrencies and NFTs, has announced (1) the successful completion of a $1.3 million pre-seed funding round. ‘DonGeraldo,’ a crypto celebrity, and several other Web3 investors participated in the investment round. Web3 is an Ethereum-based firm that provides investors with risk profiles for their NFT and cryptocurrency … Read more