Winning Exchange News: Latest Developments and Offerings in the Crypto World
What is a Crypto Asset (Virtual Currency)/Cryptocurrency? A crypto asset (virtual currency) is a type of currency that is traded only as electronic data. Unlike legal currency, it does not have the legally enforced universal acceptance (legal tender status) given by a government. It is mainly used for online transactions and is also known as “digital currency.” Bitcoin is an example of a virtual currency. In English, it is called “Cryptocurrency.” “Crypto” means “encrypted,” and “currency” means “money.” In the UK, some people also refer to virtual currency as “cryptocurrency.” Since Bitcoin began operating in 2009, many virtual currencies, often called “altcoins,” have emerged. With the rise of virtual currency exchanges, owning virtual currencies has become increasingly popular. Types of Virtual Currency (Crypto Assets) Types of Virtual Currency (Crypto Assets) Virtual currencies (crypto assets) include Bitcoin, Ethereum, Ripple, Bitcoin Cash, Litecoin, NEM, Ethereum Classic, L...