Crypto - All Break News

Worldcoin plunges 50% amid data privacy fears

Written by Friend Ethan on September 25, 2023. Posted in Crypto. No Comments on Worldcoin plunges 50% amid data privacy fears

On July 25, 1,673 addresses completed transactions with WLD. A month later, on August 25, fewer than 150 addresses had transacted with the ChatGPT founder's cryptocurrency. Photo: Worldcoin historical chart In the month of August, the major cryptocurrencies in the market faced a decline of around 10%. However, the situation was particularly harsh for Worldcoin, the cryptocurrency established by Sam Altman, the founder of ChatGPT. Worldcoin's token, WLD, which initially traded at $2.75 during its launch, witnessed a significant drop and is now being traded at $1.22, marking a staggering...

What is Metamask wallet?

Written by Friend Ethan on September 25, 2023. Posted in Crypto. No Comments on What is Metamask wallet?

Metamask offers a compelling alternative for those who wish to keep their assets stored outside of trading platforms. Let's delve into what Metamask is, how it works, which digital currencies it supports, and how to create your own wallet. Photo: Metamask, with its adorable redesigned fox logo reminiscent of the Firefox browser. With over 10 million users worldwide, Metamask is recognized as an online cryptocurrency wallet, also known as a hot wallet. However, it's more accurately described as a browser extension that acts as a bridge between web applications and the Ethereum blockchain,...

What is cryptocurrency and how does it work

Written by Friend Ethan on September 25, 2023. Posted in Crypto. No Comments on What is cryptocurrency and how does it work

Cryptocurrency refers to any form of currency that exists digitally or virtually and uses cryptography to ensure the execution of transactions. Cryptocurrencies don't have a central issuing or regulating authority. Instead, they utilize a decentralized system to record transactions and issue new units. Photo: Bitcoin logo. Allbreaknews.com What is Cryptocurrency? Cryptocurrency is a digital payment system that doesn't rely on banks to verify and confirm transactions. It's a peer-to-peer system that allows anyone to send and receive payments from anywhere. Instead of physical money being...

The cryptoasset revolution much more than a digital currency

Written by Friend Ethan on September 25, 2023. Posted in Crypto. No Comments on The cryptoasset revolution much more than a digital currency

The world of cryptocurrencies goes beyond the financial market, offering advantages not only to investors but also to companies and nations. Photo = Coin designs that allude to digital currencies You are likely aware that cryptocurrencies offer a financial investment option. They provide the potential for significant returns, thanks to the freedom in transacting and the absence of intermediaries in the investor-to-digital asset relationship. Moreover, they ensure 24/7 security and traceability of transactions due to blockchain technology. Cryptocurrencies in Various Uses In addition,...

North Korean hackers broke into US tech company to steal cryptocurrencies

Written by Friend Ethan on September 22, 2023. Posted in Crypto. No Comments on North Korean hackers broke into US tech company to steal cryptocurrencies

A North Korean government-backed hacker group has allegedly breached an American IT management company, exploiting it as a launching pad to attack an undisclosed number of cryptocurrency firms. Photo: Allbreaknews.com A group of hackers backed by the North Korean government has reportedly infiltrated an American IT management company, using it as a stepping stone to target an unknown number of cryptocurrency companies, as reported by Reuters, citing two sources familiar with the matter. These hackers breached JumpCloud, based in Louisville, Colorado, in late June and utilized their access...

Mining 1 BTC in Lebanon is 700 times cheaper than in Italy

Written by Friend Ethan on September 22, 2023. Posted in Crypto, Business. No Comments on Mining 1 BTC in Lebanon is 700 times cheaper than in Italy

According to the report, Europe is home to nine of the ten least profitable countries for Bitcoin mining, based on domestic electricity costs. Photo: Allbreaknews.com According to the report, Europe is home to nine of the ten least profitable countries for Bitcoin mining, based on domestic electricity costs. There is a significant global contrast in domestic electricity costs for individual Bitcoin miners. While producing one Bitcoin in Italy costs US$208,560, in Lebanon the same BTC can be mined for 783 times less, according to a recent report. Published on August CoinGecko's report revealed...

How to explain the world of cryptocurrencies to my grandfather

Written by Friend Ethan on September 22, 2023. Posted in Crypto. No Comments on How to explain the world of cryptocurrencies to my grandfather

we're going to explain… Photo: Allbreaknews.com Explaining new concepts to older generations can indeed be quite a challenge. Each generation comes with its own set of experiences, references, and ways of understanding the world. They might find new ideas and technologies unfamiliar or hard to grasp. Now, imagine explaining a new form of digital currency that's decentralized and uses blockchain for storing and verifying information. With the rise in popularity of cryptocurrencies, it's becoming more important to introduce basic concepts of this world to older generations, as they...

FUD in the crypto market what to do in case of uncertainty

Written by Friend Ethan on September 22, 2023. Posted in Crypto. No Comments on FUD in the crypto market what to do in case of uncertainty

Learn about what FUD means in the context of cryptocurrencies, how to navigate trading in such an environment, and tips to avoid falling for fake news. Photo: Allbreaknews.com “Fear, Uncertainty, and Doubt,” commonly referred to as FUD, describes a scenario where catastrophic news, rumors, or negative events generate a sense of panic among investors. This expression perfectly captures the feelings investors experience when something potentially unfavorable comes onto their radar. FUD often emerges more frequently in the realm of cryptocurrencies due to the absence of an official...