Crypto enthusiasts are always on the lookout for the latest and greatest news in the world of cryptocurrency. With each passing day, there are new breakthroughs, innovations and discoveries. In this blog post, we will look at the latest Breaking Crypto News and what it means for crypto investors, enthusiasts, and those who are simply curious.
Bitcoin ETFs Approved in Canada
The Ontario Securities Commission has approved two Bitcoin exchange-traded funds (ETFs) for retail investors. Purpose Bitcoin ETF, managed by Purpose Investments, and Evolve Bitcoin ETF, managed by Evolve Funds Group, will both be listed on the Toronto Stock Exchange.
Blockchain For Supply Chain Management
Blockchain technology is increasingly being used in supply chain management to increase transparency and efficiency. A new report by IBM shows that blockchain can reduce supply chain costs by 50% and increase efficiency by up to 70%. Walmart, Nestle, and Carrefour are already using blockchain for their supply chain.
Crypto Stealing Malware
A new report by cybersecurity firm Kaspersky shows that crypto stealing malware has increased by 40% in 2020. The malware is designed to steal cryptocurrency from users’ wallets without their knowledge. Users are advised to use robust antivirus software and to store their cryptocurrency on offline wallets.
Ethereum 2.0 Launch
The long-awaited Ethereum 2.0 upgrade was launched on December 1, 2020. The upgrade aims to improve the scalability, security, and energy efficiency of the Ethereum blockchain. Ethereum 2.0 will use Proof of Stake (PoS) instead of Proof of Work (PoW) for mining, which will reduce the energy consumption of the network.
Bitcoin Hits All-Time High
Bitcoin, the world’s largest cryptocurrency, has hit an all-time high of $58,330. Bitcoin’s market capitalization is now over $1 trillion, which is larger than most nations’ entire money supply. The recent price rally is due to increased institutional adoption and the belief that Bitcoin is a hedge against inflation.
Conclusion:
In the world of cryptocurrencies, there is never a dull moment. From Bitcoin hitting all-time highs to the approval of Bitcoin ETFs in Canada, there is always something to be excited about. Blockchain technology is also making breakthroughs in supply chain management, while users need to be vigilant against crypto stealing malware. As for Ethereum, the upgrade to Ethereum 2.0 is set to revolutionize the blockchain, while Bitcoin continues to be a hedge against inflation. Whatever your interest in crypto, it’s important to stay up-to-date with the latest news and trends.
