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.
BlackRock withdrew $97.63M in Bitcoin and Ethereum from Coinbase Prime while Grayscale deposited $138.06M, signaling potential capital rotation between ETF managers.
Luxembourg fintech Blockchain.com obtained a MiCA license from Malta’s financial regulator, allowing it to offer digital asset services across the European Economic Area’s 30 member states.
President Trump pardoned Binance founder Changpeng Zhao following his 2023 conviction for anti-money-laundering failures, signaling an end to what the White House calls politically motivated prosecution.
KuCoin has launched KuPool, a new mining pool integrated with its KuMining platform, enabling users to mine PoW assets.
Tucker Carlson, an American conservative political commentator, has attracted some backlash after he hinted at the possibility that Satoshi Nakamoto is linked to the CIA.
Reform UK leader confirmed that the party has begun accepting crypto donations, with a few contributions already received.
Binance’s CZ warns tokenized gold is not true on-chain gold and carries counterparty risk. Peter Schiff plans a tokenized gold product despite the limits
The Cathie Wood-led Ark Invest has plunged $21 million into the acquisition of Robinhood shares.
WazirX will resume trading on Oct. 24, as part of a phased relaunch that aims to restore full functionality by Oct. 27.
Bitcoin ETFs faced $101 million in outflows as the asset tests critical support near $108,000.
HYPE price jumped 12% to $38.92 after Hyperliquid Strategies announced a $1 billion equity offering aimed at strengthening its balance sheet.
Whales have started accumulating Chainlink and Ethereum tokens from leading centralized exchanges.
Jim Cramer’s “push for crypto” post coincided with a Bitcoin dip to $106,700. Peter Brandt says BTC could still hit $250,000 or drop to $60,000.
Coinbase announces support for BNB, marking the first listing of a competitor-issued asset and signaling a strategic shift toward platform neutrality.
Clearpool’s CPOOL token jumped from $0.10 to $0.17 following major exchange listings in Asia, with trading volume spiking 2,500% to $138 million.