February 2020 - Blog LC Technology Bank

Week in Crypto: 22/02 – 28/02

3 minutes Exchanges suffer DDoS attack Last Friday, 28/02/2020, the exchanges OKEx and Bitfinex suffered a DDoS. Both companies said that the problem was solved and nothing was stolen during the attacks. The first attack targeted the OKEx during the first hours of the morning of 28/02. As a countermeasure to the attack, the exchange suspended temporarily the derivative contracts during the morning, reestablishing the normality on the same day. According to Jay Hao, OKEx’s CEO, the attack was rapidly identified and interrupted by Continue→

Top 7: Famous Altcoins

3 minutes The Bitcoin is the pioneer of the cryptocurrencies, it is also the most famous and with bigger market value presently. Its creation was the booster to decentralized financial trades with safety zero bureaucracy. The popularization of Bitcoin was way more than a profitable and practical benefit to amateur and experienced investors. It has become the path to the development of many other cryptocurrencies around the world. Nowadays there are over 2100 new cryptoassets on the market. Those new cryptographed coins are called Continue→

Cryptocurrencies’ exchange: why does it change so much?

3 minutes Since their creation, investments available in the stock market are characterized by their dynamicity and volatility. Influenced by social, political and economic factors, along with speculation and the market scenario, the price and the profit of the stocks can vary numerous times during the day, so this market is really lucrative but quite unstable. With cryptocurrencies occurs the exact same phenomenon. For its origins in cyberspace and because they are inserted in the context of the digital era, they are submitted to Continue→

Week in Crypto: 14/02 – 21/02

4 minutes Shopify joins Libra Association Canadian e-commerce platform Shopify has joined the Libra Association, the network of founder members that support Facebook’s Libra project. Shopify, that hosts over a million online sellers on its platform, announced its participation on the project on 21/02/2020. In the announcement made, Shopify says that by joining the project, it finds a way to solve the problem of international payments, because, according to the Canadian business, the global monetary structure can’t deal with the need for e-commerces. Shopify Continue→

The origin of Bitcoin

2 minutes Presently, financial operations to pay for services and products are noticeably easier. In comparison with the beginning of societies, when the trades were made by barter, credit cards, checks, and fiat money are incontestably practical ways of getting what we need to survive. However, this new monetary system, based in fiat money, requires the existence of a Central Bank and regulatory authorities, in other words, there is a great dependence in state institutions and, consequently, there are a lot of restrictions. The Continue→

What do I need to know about cryptocurrencies?

2 minutes Monetary systems created by humanity had modified themselves drastically through time. A key point for the occurrence of those changes in contemporary history was the Bretton Woods Agreement, right after World War II, which contributed for the process of internationalization of global economy. Along with this, the technical, scientific and informational development promoted by the Third Industrial Revolution, was also determinant in globalization process that, among many things, boosted the economic interdependence between countries all around the world. Amid this whirl of Continue→