Skip to main content

Posts

What is a satoshi?

  A satoshi is the smallest unit of a bitcoin .  It equals one-hundred-millionth of a bitcoin or 0.00000001 BTC . As such, one bitcoin equals 100 million satoshi.  The satoshi was named as an homage to the anonymous creator or creators behind  Bitcoin , Satoshi Nakamoto.  The satoshi is often abbreviated as sat. 1 satoshi = 0.00000001 BTC It’s necessary for a currency to be able to be divided into smaller subdivisions if it aims to act as a global medium of exchange.  Fiat currencies can be divided into smaller denominations, such as the penny for the British pound or the cent for the US dollar.  Bitcoin, as a digital currency, can also be divided into smaller denominations. As defined by the Bitcoin protocol, a single bitcoin can’t be divided further than 1 satoshi.  All amounts on the blockchain are denominated in satoshi but are typically converted to bitcoin by most platforms.  However, when considering small fractions...

Ledger to simplify crypto purchases with Coinbase integration

The collaboration will allow users to receive their purchased crypto directly to their Ledger devices. Hardware wallet provider Ledger and crypto exchange Coinbase have announced a collaboration to streamline crypto purchases and create an easier way to transfer assets from an exchange into self-custody.   In an announcement sent to Cointelegraph, the Ledger team highlighted that Coinbase’s on-ramp solution, Coinbase Pay, will be integrated into the Ledger Live application. This allows users to transfer their existing crypto asset holdings and transact directly from their desktop or mobile devices. This also means users can receive their crypto purchases directly on their Ledger devices. The team described the previous process of transferring crypto from an exchange and into self-custody as “a cumbersome process that left users vulnerable to potential errors.” In a statement, Ian Rogers, chief experience officer at Ledger, told Cointelegraph that before the collaboration, buyi...

Top 3 Cheap Cryptos to Buy in February 2024

The crypto market offers a wide range of digital assets to invest in. While industry pioneers like Bitcoin and Ethereum seem appealing, their high prices make them difficult buys for many. Fortunately, there are cheap cryptocurrencies with amazing growth potential that investors can consider buying. Three such digital assets that seem poised for massive rallies in 2024 are Solana (SOL), Retik Finance (RETIK), and Shiba Inu (SHIB) .  Solana (SOL) - The Fast and Scalable Layer 1 Solana has become one of the most popular layer 1 blockchain networks in a short time. Despite criticism about its centralization and outages, Solana keeps expanding and cementing its place in crypto. It currently powers over 400 projects across DeFi, NFTs, Web3, and more. Solana (SOL), its native token, facilitates transactions, operations, and governance on the network. Solana (SOL) is currently trading around $101, which is still a long way from its all-time high of $260 in November 2021. However, consi...

Solana co-founder cites biggest threat to Ether

  Solana (SOL), one of the biggest gainers of 2023, seems like losing its steam in the early trading days of 2024. However, Solana’s Co-founders came ahead to address a crucial question, Will Solana ever require Layer 2 solutions? He also suggested what could be a threat to Ethereum and SOL in the process ahead. Solana to focus on Layer 2 now? Anatoly Yakovenko, the Co-Founder of Solana Labs in post acknowledged that developers could create Layer 2s on Solana. He suggested the blockchain’s primary objective is to synchronize a global atomic state machine at speeds dictated by the laws of physics. As per Yakovenko’s view, any Layer 2, side chain, or zero-knowledge proof validation may seem innovative but they function as external execution environments that lack atomic composition with the broader Layer 1 state.  He highlighted Solana’s dedication to scaling Layer 1 directly, aiming to enhance the single virtual machine instance with potential hardware upgrades....

Binance collaborates with Royal Thai Police to seize $277M from scammers

  #Binance has partnered with the Royal Thai Police. This collaboration aims to provide technological support and help to trace blockchain transactions to combat digital asset-related crimes in the region. https://t.co/oX9wDS69aS — Binance (@binance) December 26, 2023 Over 3,000 victims of the alleged crypto scammers have come forward to the authorities to file for compensation claims. In an announcement sent to Cointelegraph, Binance said it worked alongside law enforcement agencies, providing intelligence to disrupt the criminal group. The operation, which had the code “Trust No One,” led to the arrest of five alleged key syndicate members and the seizure of various assets worth $277 million. Over 3,200 victims have already contacted the authorities to file for compensation. The Cyber Crime Investigation Bureau (CCIB) of the Royal Thai Police collaborated with crypto exchange Binance and United States Homeland Security Investigations (HSI) to take down a crime ring responsible f...

Contact us

Name

Email *

Message *