Tórónet Joins Forces with NexeraID to Boost Digital Security
The collaboration between Tórónet and NexeraID is part of a broader mission to support and empower communities by providing access to secure and compliant financial services
The collaboration between Tórónet and NexeraID is part of a broader mission to support and empower communities by providing access to secure and compliant financial services
Amidst the recent market downturn, which resulted in over $130 million being liquidated, the crypto market’s current market capitalization is approximately $2.26 trillion.
XRP price, which had already been showing signs of a pullback in the last seven days, experienced a further decline to dip below the $0.5 threshold.
Robert Kiyosaki has recently been very critical about the state of the US economy going ahead. Kiyosaki predicts a major crash in the US market over the coming time.
Besides the rising activity on SociaFi, Franklin Templeton also attributed the rise in activity on Base to meme coins and an increase in the supply of Circle’s USDC stablecoin on the network.
Nick Carr, chief strategist at Stand With Crypto, says their goal is to support politicians who support the crypto community’s rights.
While KuCoin has already paid a fine of $41K and resumed operations in India, Binance is yet to complete compliance proceedings.
The Komodo exec said the UAE is doing a lot more than the US is, to facilitate crypto adoption by supporting businesses.
Long-term holders seem reluctant to engage in mass selling at present ETH prices, even though many have already attained considerable profit margins.
This current drop in the Bitcoin Kimchi Premium comes as trading volumes on South Korea’s top five crypto exchanges plummet.
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.
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.
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.
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.
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.