Tesla is always open to innovations. Now it is set to incorporate blockchain technology in its supply chain for efficient handling of goods at the ports, especially in China.
Bitcoin Cash (BCH) halving event is expected to happen today at block 630,000. The number of coins created every 10 minutes will fall from 12.5 to 6.25.
Commentators and analysts are convinced that that Bitcoin price is seemingly getting ready to rally after reaching a critical price level of $7,430 with the BTC halving event looming.
Bitcoin investor and billionaire Chamath Palihapitiya thinks that the current Bitcoin price is very far away from the BTC real value. He says that under certain circumstances BTC may reach $1 million.
Ripple and XRP are in the spotlight once again after the news that the U.S. Navy is hiring a firm to create implantable microchips that would be compatible with Ripple’s blockchain.
XRP price has risen by around 8% within the last 24 hours. 211 million XRP has been recently transferred between several wallets with some anonymous and others identified to be owned by corporate investors.
Altcoins have experienced an increase together with Bitcoin. Ethereum has managed to gain around 14% within 24 hours. Now ETH price is around $175.
Bitcoin (BTC) price has managed to rise above $7,350. Positive tendencies can be observed in traditional markets as well.
Digital won will pass extensive testing by the Bank of Korea staff. Per the official announcement, the program will last until December 2021.
LaunchBase will become something more than just an issuance and exchange tool. Large ventures promise to offer professional help to novice businesses.
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.
