Binance to Distribute $300M to Crypto Traders Rekt in Record Liquidations
Binance unveils a $400 million initiative to support traders affected by October’s historic $19 billion liquidation event, offering token vouchers and institutional loans.
Cryptocurrency News
Stay up to date and explore the latest news stories about cryptocurrencies including price forecasts, expert analyses and much more we know about cryptos
UK Financial Conduct Authority Officially Backs Tokenization With New Regulatory Framework
The UK’s Financial Conduct Authority has announced official support for tokenization efforts, proposing regulatory clarity for fund managers operating tokenized registers.
SOL Strategies and Solmate Add $135M in Solana During Market Crash with 15% Discount
Two major Solana treasury firms purchased discounted SOL tokens from the Solana Foundation during market volatility, while Ark Invest increased exposure.
Figure Deploys SEC-Registered YLDS Token on Sui Blockchain for Yield Access
By Zoran Spirkovski
• 3 mins read
Figure Certificate Company launches YLDS on Sui blockchain as an SEC-registered security token that yields SOFR minus 35 basis points, backed by treasury securities with direct fiat on/off-ramps.
Societe Generale and Bitpanda Deploy Regulated Stablecoins in DeFi
By Zoran Spirkovski
• 2 mins read
Societe Generale-FORGE and Bitpanda are extending their agreement to deploy regulated stablecoins into DeFi protocols for European retail users.
Trump Insider Whale Holds $340 Million in Short Position on Bitcoin
By Hamza Tariq
• 2 mins read
“Trump Insider Whale” has increased their short position on Bitcoin to $340 million after they made a profit of $200 million from doing the same thing.
Powell’s NABE Speech Could Spark Market Volatility as Bitcoin Tests $108K-$110K Support
By Parth Dubey
• 2 mins read
Fed Chair Jerome Powell’s speech today could stir fresh volatility, as markets bet on rate cuts while Bitcoin hovers near key support.
Elon Musk Validates Bitcoin: Says “It’s Based on Energy”
By Godfrey Benjamin
• 2 mins read
After staying silent on Bitcoin for a while, Elon Musk has finally endorsed the leading cryptocurrency in the eyes of the public.
Tether to Launch Open-Source Wallet Kit for iOS and Android This Week
By Parth Dubey
• 2 mins read
Tether will launch its fully open-source Wallet Development Kit (WDK) this week, featuring starter wallets for iOS and Android.
Metaplanet’s Bitcoin Accumulation Strategy Is Not Paying Off: Report
By Parth Dubey
• 2 mins read
Metaplanet’s enterprise value has fallen below the worth of its Bitcoin reserves, with shares plunging 70% since June
ETH Price Below $4K Despite Massive Stablecoin Activity and Bhutan Backing
By Parth Dubey
• 2 mins read
Ethereum ETFs logged their third consecutive day of outflows, totaling $429 million, even as stablecoin activity on the network hit record highs.
New Bitcoin Whales Are ‘Underwater’: Analyst Expects High Volatility
By Wahid Pessarlay
• 2 mins read
The analyst expects high volatility for Bitcoin, which can, consequently, impact the broader market, as new Bitcoin whales see the red zone.
Binance Very Close to South Korea Re-Entry, Authorities Review Gopax Acquisition
By Parth Dubey
• 2 mins read
Binance is about to re-enter the South Korean market after a delay of two years.
Bitcoin Mining Firm Canaan Turns Flared Gas into Power in Canada
By José Rafael Peña Gholam
• 3 mins read
Canaan Inc. partners with Aurora AZ Energy to convert flared natural gas into electricity for Bitcoin mining in Calgary, eliminating significant emissions.
Shielded Zcash Jumps Above 4.4 Billion; 27% ZEC are Untraceable
By Vini Barbosa
• 4 mins read
Zcash’s privacy-enhancing market capitalization consolidates above $1 billion as both price and shielded coin amounts increase, with over 4.42 million ZEC now untraceable.
Latest Cryptocurrency news
For the average millennial or at least anyone that pays attention to the business world, the term “cryptocurrency” would not seem like such a strange word. If that is, then the terms Bitcoin, Ethereum or at least Blockchain should ring a bell. One might wonder, why are these terms suddenly so prevalent, especially cryptocurrency news? Computing is getting rather pervasive and the society is leaning towards digital services. The finance world too isn’t spared as the disruption of technology into this sector has fostered the birth and development of Fintech organizations.
These Fintech organizations look to digitize payments and transactions, offering the same services that are currently in existence but in a better, efficient and more effective way.
What is Blockchain?
Blockchain is the network upon which most of these cryptocurrencies operate on. The history of blockchain and bitcoin, in particular, does not have a definite story. In 2009, an individual or group of individuals known to be “Satoshi Nakomoto” developed and published the technology to allow people make digital payments between themselves anonymously without having an external party to verify or authorize the transfer of the currency being exchanged.
How does Blockchain work?
Although technologies like this might seem rather complex, understanding how Blockchain works is quite easy, given that one has a basic idea of how networks work. Blockchain is simply a database shared between several users, containing confirmed and secured entries. It is a network, where each entry has a connection to its previous entry.
This technology affords a very secure model whereby every record in the database cannot be tampered with. Apart from the stellar security that this network offers, the transparency and speed at which the network operates give it an edge over the conventional way of conducting transactions.
What are Cryptocurrencies?
In simple terms, cryptocurrencies are just monies in digital form, transacted via digital means and over a digital network. The transfer of these currencies is utilized with cryptography and the aforementioned blockchain network. Up until the 2010s, cryptocurrencies were not really known until Bitcoin made its breakout and this gave rise to the birth of new cryptocurrencies.
What does the future hold for Blockchain and Cryptocurrency?
Cryptocurrencies have had their fair share of bullish and bearish trends, going to show how unstable they can be. The latest cryptocurrency news reports lots of people predicting prices for various cryptocurrencies in the years to come but no-one can say for sure.
Blockchain, on the other hand, is making its way into pervasive computing, especially IoT, giving way for the development of new solutions that embrace data security and transparency.
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