
Saudi Arabia to Partner with Gaming Platform The Sandbox for Metaverse Projects
The two parties penned the MoU during the 2023 Leap Tech Conference that was held in Saudi’s capital city of Riyadh.
The two parties penned the MoU during the 2023 Leap Tech Conference that was held in Saudi’s capital city of Riyadh.
As per the penalty structure for insider trading and wire fraud, Nikhil Wahi could face up to 40 years in prison.
The index contains 10 of the most popular NFT collections.
Crypto exchange Kraken recently assembled a team with significant IPO experience as it plans for the future.
Among the top crypto firms that pledged support for Turkey’s earthquake victims, we should mention Binance and Bybit.
However, Bitcoin price could edge lower in the coming quarters as the Fed hikes interest rates in a bid to bring down inflation to 2 percent.
Canadian crypto miner Hut 8 and its US rival US Bitcoin are working on a mutually beneficial merger to float a new company.
The consultation paper for Digital Pound notes that the e-GBP will be launched in public-private partnership to boost retail adoption.
A recent report by the UN sanctions monitors alleges that crypto theft in North Korea hit a total of $1 billion.
The conglomerate is currently struggling financially and is focused on preserving its cash-generating business at the very least.
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.