Cryptocurrency
Despite the obstacles, this crypto faced so far from hacks, security breaches, or even country-wide bans, Bitcoin’s ecosystem and infrastructure have evolved, with greater strides made in privacy, usability and improving scalability https://iisunderground.com/.
At the bitcoin conference earlier this year, Trump received loud cheers when he reiterated a promise to commute the life sentence of Ross Ulbricht, the convicted founder of the drug-selling website Silk Road that used crypto for payments.
With the amount of Bitcoin that has already been mined to date, technological innovations such as the move from cold storage to wallets offered by crypto exchanges, overnight millionaires and the interest poured in from major financial institutions, it’s clear Bitcoin isn’t going away anytime soon. A recent surge in March 2024 gave Bitcoin another new all-time high (exceeding a value of over 73,000 USD), the lowered costs to transact, and the launch of new ETFs (exchange-traded funds) approved by the Securities and Exchange Commission (SEC), there’s greater consensus, that now is a more exciting time than ever for individuals and expert investors looking to get invested in digital assets like Bitcoin.
As the first-ever and most valuable cryptocurrency by market cap, Bitcoin continues to dominate headlines and shape the trajectory of the entire crypto market. First introduced in a whitepaper by ‘Satoshi Nakamoto’ in 2008, and officially released to the world in January 2009 as the very first decentralized cryptocurrency, Bitcoin was the first financial instrument of its kind to use cartography to record and send transactions over the blockchain. The fact that a currency could be transacted peer-to-peer away from central banks and had a permanent and publicly accessible ledger (in the form of the blockchain), was groundbreaking at the time, and it comes as no surprise that this new form of currency would grow in popularity as it did.
Creating such a stockpile would also be a “giant step in the direction of bitcoin becoming normalized, becoming legitimatized in the eyes of people who don’t yet see it as legitimate,” said Zack Shapiro, an attorney who is head of policy at the Bitcoin Policy Institute.
Cryptocurrency prices
Ethereum was first described in a 2013 whitepaper by Vitalik Buterin. Buterin, along with other co-founders, secured funding for the project in an online public crowd sale in the summer of 2014. The project team managed to raise $18.3 million in Bitcoin, and Ethereum’s price in the Initial Coin Offering (ICO) was $0.311, with over 60 million Ether sold. Taking Ethereum’s price now, this puts the return on investment (ROI) at an annualized rate of over 270%, essentially almost quadrupling your investment every year since the summer of 2014.
Let’s quickly calculate the market cap of Bitcoin as an example. The Bitcoin price is currently $ 102,421 and there are 19.81 million BTC coins in circulation. If we use the formula from above, we multiply the two numbers and arrive at a market cap of 2,029.36 billion.
Ethereum was first described in a 2013 whitepaper by Vitalik Buterin. Buterin, along with other co-founders, secured funding for the project in an online public crowd sale in the summer of 2014. The project team managed to raise $18.3 million in Bitcoin, and Ethereum’s price in the Initial Coin Offering (ICO) was $0.311, with over 60 million Ether sold. Taking Ethereum’s price now, this puts the return on investment (ROI) at an annualized rate of over 270%, essentially almost quadrupling your investment every year since the summer of 2014.
Let’s quickly calculate the market cap of Bitcoin as an example. The Bitcoin price is currently $ 102,421 and there are 19.81 million BTC coins in circulation. If we use the formula from above, we multiply the two numbers and arrive at a market cap of 2,029.36 billion.
Crypto market capitalization or “crypto market cap” for short is a widely used metric that is commonly used to compare the relative size of different cryptocurrencies. On CoinCodex, market cap is the default metric by which we rank cryptocurrencies on our frontpage. We also track the total cryptocurrency market cap by adding together the market cap of all the cryptocurrencies listed on CoinCodex. The total market cap provides an estimate on whether the cryptocurrency market as a whole is growing or declining.
NFTs are multi-use images that are stored on a blockchain. They can be used as art, a way to share QR codes, ticketing and many more things. The first breakout use was for art, with projects like CryptoPunks and Bored Ape Yacht Club gaining large followings. We also list all of the top NFT collections available, including the related NFT coins and tokens.. We collect latest sale and transaction data, plus upcoming NFT collection launches onchain. NFTs are a new and innovative part of the crypto ecosystem that have the potential to change and update many business models for the Web 3 world.
Cryptocurrency regulation
IN Code § 28-8-4-13 does not mention digital currency in the definition of money transmission. The Indiana Department of Financial Institutions states that “a money transmitter license is not required” for “A fiat or virtual currency exchange, as long as the consumer is strictly buying or selling the currency and the consumer does not have the ability to send fiat currency to another consumer.” Indiana’s governor recently signed into law SB 351, which amends Indiana’s UCC by adding a new chapter governing the possession of controllable electronic records. Indiana adopted SB 188 in 2021, which incorporates cryptocurrency into the Revised Uniform Unclaimed Property Act.
At the moment, the United States has no federal regulatory framework for digital assets. Below is a summary of what each state has done to regulate cryptocurrency and blockchain technology using its own authorities. What can be found from this report is a general lack of uniformity across state-level digital asset regulation.
The SEC has a broad set of regulatory tools that can be tailored to address cryptocurrencies’ unique characteristics and challenges. Here are the types of regulations the SEC could adapt to the crypto market:
IN Code § 28-8-4-13 does not mention digital currency in the definition of money transmission. The Indiana Department of Financial Institutions states that “a money transmitter license is not required” for “A fiat or virtual currency exchange, as long as the consumer is strictly buying or selling the currency and the consumer does not have the ability to send fiat currency to another consumer.” Indiana’s governor recently signed into law SB 351, which amends Indiana’s UCC by adding a new chapter governing the possession of controllable electronic records. Indiana adopted SB 188 in 2021, which incorporates cryptocurrency into the Revised Uniform Unclaimed Property Act.
At the moment, the United States has no federal regulatory framework for digital assets. Below is a summary of what each state has done to regulate cryptocurrency and blockchain technology using its own authorities. What can be found from this report is a general lack of uniformity across state-level digital asset regulation.
The SEC has a broad set of regulatory tools that can be tailored to address cryptocurrencies’ unique characteristics and challenges. Here are the types of regulations the SEC could adapt to the crypto market: