Private currencies

Cryptocurrency backers have celebrated the fraud conviction of the industry's one-time golden boy Sam Bankman-Fried, hoping the embattled sector can finally turn the page on a multibillion dollar scandal.

Cryptocurrencies are here to stay, and no amount of denial will change this fact. About 6.9 billion people have access to smartphones, and almost all of them can access the internet in one way or another. Everyone is a potential crypto user, even in regions where these assets are still unregulated.

Bitcoin is up around 1% in 24 hours to $20,400. Ethereum added 3.2%, while other top 10 altcoins gained between 0.7% (Dogecoin) and 2.8% (XRP). Buyers have braced themselves on the back of positive stock indexes despite the strengthening Dollar. 

New York lawmakers have passed a milestone environmental measure designed to tap the brakes on the spread of cryptocurrency mining operations that burn fossil fuels.

Both supporters and opponents say that the closely watched bill, approved early Friday by the state Senate, is the first of its kind in the U.S.

On Thursday, Bitcoin was down 1.1%, ending the day at around .5K, despite a buoyant stock market performance. Selling resumed on Friday morning, pushing the price back to .9K.
The observed divergence is bucking the trend of close correlation that has developed over the last few days.

Bitcoin rose 1.4% on Tuesday, ending the day around $41,300 and remaining near that mark on Wednesday morning. Ethereum added 1.3% to $3080 in the last 24 hours, XRP corrected 0.9% to 0.766, and other top ten altcoins gained 0.7% (BNB) to 4.9% (Terra).

Cryptocurrencies have become increasingly popular around the world in recent years, and in Bulgaria, it turns out, there is already a store where you can shop for basic necessities and pay with bitcoins.

The information denied 5 years ago by Ivan Geshev - then only the head of the special prosecutor's office, that Bulgaria "arrested" over 200,000 bitcoins in 2017, appeared in the latest report of one of the largest cryptocurrencies in the world - Kraken.

Nothing symbolizes cryptocurrency's troubles with regulators as well as the travails of Binance, the world's largest crypto exchange by volume. This past weekend alone, it ran into obstacles in Japan, the UK, and the Canadian province of Ontario.

Cryptocurrency is all over the internet and there are certain related terms that you will see associated with this type of trade. If you have seen words like Binance, Gemini, Coinbase, and Kraken, these are known as crypto exchanges. They are digital platforms that allow users to buy and sell cryptocurrencies.