Corruption is a deeply entrenched vice in many countries worldwide. It has become a nagging threat to government and international security. However, blockchain technology has the potential to bring the activity to a minimum.
If you’ve been in crypto for more than a few months, you’re probably already sick of hearing about Tronix: the up-and-comingest new fad money in a market already bloated with Fidget Spinners and Harlem Shakes.
The island of Malta, as small as it is, happens to be even more daring in action than its land size. Its government has recently approved for cryptocurrency and blockchain firm, Binance, to operate legally within its borders.
The week started though with huge volumes of selling and major support levels breaking that brought Bitcoin’s price below 7500$ on Sunday. After a though start to the week the market has started to stabilize and recover. Last week massive selling overwhelmed the markets and most cryptocurrencies reached record lows for a brief period of time.
Cryptography is the key staple of cryptocurrencies. It is the underlying principle behind blockchain technology that makes the technology extremely secure. There are several cryptographic technologies that make up the essence of cryptocurrencies. But what will happen if this staple cryptocurrency feature falls apart?
Last week we saw huge volumes of selling and major support levels breaking. Most cryptocurrencies reached record lows with massive selling taking place. Price analysis shows that the huge amounts of selling overwhelmed the markets and key support levels were broken. The prices of cryptocurrencies quickly plummeted but have managed to recover a bit since then.