Hey, Your Crypto Newsletter for July 16, 2021

[FeedBinary Newsletter]( You Might Like         [Learn more about RevenueStripe...](   [Can cryptocurrency revolutionise financial services?](   The surge of interest in crypto-assets has taken many by surprise. It is estimated that India has over 10 million cryptocurrency users and that this number is steadily increasing. For a wider audience that is trying to understand this new world and its jargon, the task is both difficult and complicated. This article is for the uninitiated, and tries to shed light on a few areas where much of the discussion on crypto-assets revolves – blockchain, a disruptive technology on which these assets are built; the role and adoption of crypto assets for payments, and lastly the emergence of crypto-assets as a distinct asset class. Blockchain: A disruptive technology During the preceding decade, perhaps one of the most disruptive and pervasive technologies of our time that has emerged is blockchain, a distributed ledger technology. In simple terms, blockchain is an encrypted digital database shared by multiple users in a distributed network. When a transaction is undertaken on blockchain, it is broadcast to all the network participants, thereby creating an unalterable transaction log. This one simple attribute has the power and potential to revolutionise financial services, because it provides a platform that offers greater transparency, enhanced security, operating efficiencies and cost savings, an unbeatable combination for the future of financial services platforms. [Read More](   [Real human guards watching your cameras in real-time.](   [Helps calm the entire nervous system, and helps stop panic attacks](   [DNA Explainer: What is a Bitcoin? Is Cryptocurrency illegal in India?](   The Central government can completely ban cryptocurrency in the new proposed bill. In this regard, a committee was constituted by the Center in 2017. A cryptocurrency or crypto is a digital currency that can be used to buy goods and services but uses an online ledger with strong cryptography to secure online transactions. Much of the interest in these unregulated currencies is to trade for profit, with speculators at times driving prices skyward. The most popular cryptocurrency, Bitcoin, has had volatile price moves this year, reaching nearly USD 65,000 in April before losing nearly half its value in May. What is cryptocurrency?   Cryptocurrency is made up of two words. Crypto is a Latin word derived from cryptography and which means hidden. Whereas currency also comes from Latin currentia, which is used for money. So cryptocurrency means hidden money or secret money or digital rupee. [Read More](     [Why China’s digital currency threatens the country’s tech giants](   As China accelerates its efforts to widely distribute its digital currency before the 2022 Beijing Winter Olympics, Chinese officials are reassuring the public that the initiative is simply about strengthening the monetary system. The furthest thing from their minds, the government insists, is undercutting the role of China’s “tech giants” in the mobile economy. In fact, once the digital yuan is in wide circulation, it will likely strike the digital-payments operations of China’s largest e-commerce and fintech conglomerates—Alibaba Group Holding and Tencent Holdings. That will advance two of Chinese President Xi Jinping’s key goals: to rein in the power of China’s private sector and to create a mechanism through which the government can access reams of digital data that may prove helpful to Beijing in the global race to develop artificial intelligence (AI). The world of finance has been transfixed over the past eight months by Beijing’s widening effort to slap down the companies that dominate the country’s online buying, borrowing, and investing. The crackdown has roiled stock markets, pummeled the e-commerce empires with fines, and jumpstarted a transformation of China’s regulatory landscape. [Read More]( You Might Like         [Learn more about RevenueStripe...]( Connect with FeedBinary on social media You received this email because you operate or create content for a website/service and based on your website it seemed like this could be important information to you and your users. This newsletter is managed by [Postbox Consultancy Services Pvt. Ltd](.C-4/5, IBD Emporia, Kolar Road, Bhopal, Madhya Pradesh, INDIA, 462042 [Unsubscribe](