March 2020 - Blog LC Technology Bank

Cryptocurrencies’ Regulation

3 minutes For investors and customers engaged in the new digital economy, the advent of cryptocurrencies represented freedom, practicality, and security for users. However, in the perception of some states, this represents the fear of a threat to their monetary control. State fear of cryptocurrencies has led to regulations and restrictions on their use. Read on and understand more about how these regulations work in some countries. Brazil Cryptocurrencies in Brazil are regulated by Normative Instruction No. 1,888 of May 3, 2019, which came Continue→

Types of ICO tokens

2 minutes ICOs are the actions of the 21st century. Born in the context of the new digital economy and driven by the wave of startups, the “IPOs 2.0” have caused a lot of movement from traders and investors enthusiastic about innovation and technology engaged in the dynamics of the digital age. And, like all technology, ICOs are very flexible and can adapt to the needs of new scalable companies looking to grow in such a volatile, uncertain, complex and ambiguous market. Read on Continue→

Week in Crypto | 22/03/2020 – 28/03/2020

3 minutes Binance and Visa launch debit card for Bitcoin payments Binance, one of the largest cryptocurrency brokers in the world, announced on March 26, 2020 a partnership with the payment giant Visa to issue a debit card that can use Bitcoin and other cryptocurrencies traded on Binance to be used in payments anywhere in the world that accept the Visa banner. The Binance Card allows its users to cash out their cryptocurrencies, which are received by merchants in fiat currencies. The card, however, Continue→

What is the Bitcoin’s halving?

3 minutes Among the various factors that make Bitcoin so famous and innovative, its characteristic as a scarce digital asset stands out. For every 210,000 new blocks, 50BTC are generated, however, every 4 years this value halves in a phenomenon known as halving that affects the price, the mining process and the Bitcoin trading. One example of this is the growing wave of speculation and in forecasts that the value of Bitcoin may reach the $ 14,000 level during the period close to halving. Continue→

What is the Hash Function?

2 minutes Cryptocurrencies work in very different ways than fiat currencies, being obtained through mining processes and using Blockchain technology as a security mechanism. However, there is something fundamental to the occurrence of these processes in a safe and fraud-proof way: the hash function. Follow us and find out more about this fundamental algorithm for cryptography. What is the Hash Function? The hash function is an algorithm used by the cryptocurrency protocol such as Bitcoin. It can be understood as the encryption of a Continue→

Week in Crypto | 16/03/2020 – 21/03/2020

3 minutes Binance adds P2P trading to 5 Latin American fiat currencies Exchange Binance recently launched support for P2P trades in five Latin American fiat currencies. The platform now accepts Brazilian Real (BRL), Colombian Peso (COP), Peruvian Sol (PEN), Mexican Peso (MXN) and Argentine Peso (ARS). According to Binance, the move came after a growing increase in turnover in March (about $ 140 million increase) amid the economic chaos caused by the coronavirus. Now Latin American users can use the fiat currencies added to Continue→

What is the Bitcoin Lightning Network

4 minutes Bitcoin is the most famous cryptocurrency of all and also, the most secure. However, its blockchain’s processing capacity allows only 2 to 7 transactions to be processed per second, a very low number considering the growing number of users who started using and transacting Bitcoin, especially from the year 2017 onwards, when scalability problems became more visible. Since then, many users and fans of the platform have started looking for ways to solve this problem, finally arriving at the Lightning Network. Understand Continue→

What is Bitcoin mining?

2 minutes The Bitcoin is an example of a scarce digital asset, since the maximum number of units that can be produced, is 21.000.000 and considering that for every 210.000 new blocks created on the network 50 BTC are generated. The generation of these units occurs through a process called mining. This process is so complex that it can be compared to the process of the gold, and that’s why it’s called mining. Besides the function of generating coins, the mining is also a Continue→

Week in Crypto | 07/03/2020 – 15/03/2020

4 minutes Bill Gates leaves Microsoft’s board On 3/13/2020, Bill Gates announced that he is leaving the board of Microsoft and Berkshire Hathaway, Warren Buffet’s company. According to the statement published by Gates himself on his Linkedin, he leaves the councils to dedicate himself to his philanthropic projects and to combat climate change. The co-founder of Microsoft had already stepped down as CEO of the company in 2008 and remained in the presidency until 2014. Gates claims to remain the technology consultant to current Continue→

Bitcoin’s greatest value

2 minutes In 2017 the Bitcoin achieved its highest value since it was created. On December 17th, the digital coin reached a price of US$19.666,00. The great high in the price was followed by a slump that did the coin’s price drop on the subsequent days, reaching the value of US$13.062,15 on December 31st, 2017, staying in similar values until the beginning of 2018 when it started a sharp drop on Bitcoin’s price. This oscillation, even though it was already expected for more experienced Continue→