El Salvador Launches Public Tracker for Bitcoin Holdings to Promote Financial Transparency
The latest move by El Salvador signals a unique level of transparency regarding financial matters within government operations.
The latest move by El Salvador signals a unique level of transparency regarding financial matters within government operations.
Bitcoin’s daily trading volumes surge by 76% in the last 24 hours just a day before the US reports PPI and CPI inflation numbers. Any positive development could lead to a breakout above $64,000.
By making its Web 3.0 infrastructure solutions available locally in the UAE, Blockdaemon hopes to pioneer the success story of other similar companies in the region.
While Degen grapples with its recent network downtime, the platform is not the only blockchain protocol facing such challenges lately.
Ardoino tackled Ripple’s Garlinghouse for deliberately spreading FUD and praised Tether’s efforts at ensuring USDT safety and compliance.
Binance announced a promotional campaign for its USDC simple earn flexible products, which ends on June 30, 2024.
Eligible participants for the Bybit x SignalPlus Options Grand Prix may also trade perpetual and futures. However, the volume will be discounted by 50% when the rewards are being calculated.
Metaplanet says it is looking to use a wide range of capital market instruments to grow its Bitcoin reserves.
Analysts says that the major reluctance towards using digital yuan in China is because the CBDC doesn’t provider absolute privacy to its users.
The sales activity for the collection surged around mid-February, with the number of sales per day hitting 439.
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.