NEW YORK, Aug. 19, 2022 /PRNewswire/ -- The cryptocurrency market is ever-evolving and growing more complex. Now, government agencies are pushing for more regulations because of how popular digital currencies have become. According to the New York Times, cryptocurrency grew from a digital curiosity into a volatile but widely embraced innovation. Now, federal regulators are racing to address the potential risks for consumers and financial markets. Yet, digital currencies are more widely used than ever before. Just recently, Mercado Libre (MELI), Latin America's largest e-commerce company by market cap, started rolling out its own cryptocurrency in Brazil. Mercado Libre expects the cryptocurrency to be available to its 80 million users in Brazil by the end of August, and said it plans to introduce it in other countries "soon," without providing further details. SAI.TECH Global Corporation (NASDAQ: SAI), Coinbase Global, Inc. (NASDAQ: COIN), Riot Blockchain, Inc. (NASDAQ: RIOT), Marathon Digital Holdings, Inc. (NASDAQ: MARA), PayPal Holdings, Inc. (NASDAQ: PYPL)
- One of the major reasons for this is that a Bitcoin payments are faster, cheaper, safer and less volatile than the local currencies in many countries.
- For example, by the latest estimates, the Bitcoin network uses as much energy in one year as the country of Argentina.
- SAI.TECH Global Corporation(NASDAQ: SAI) announced yesterday breaking news that, "it has recently launched SAIHUB APP 1.1, which supports Bitcoin Lightning Network.
- The Bitcoin network is designed to be decentralized and secure by recording ledgers on every Bitcoin node.