The crypto industry has enjoyed new levels of adoption from big traditional firms like Morgan Stanley, Tesla, Meitu, Goldman Sachs, and a host of others that are now opening their platforms for digital assets.
Coinbase’s leading position in the market could tumble if other exchanges try to take a bigger slice of the market.
By combining its core network technology with Filecoin IPFS (InterPlanetary File System), VideoCoin aims to build a next-generation video NFT trading platform.
While there are increased expectations that the 1inch token will be used for greater utility in the broader network as been envisaged, the token has seen organic growth this year amid the ongoing DeFi boom.
Since the announcement, there has been a mixed price reaction. While some like Filecoin, Bancor, and Yearn Finance have gained by as much as 10%. Others like Cardano have barely moved, recording a marginal move of less than 1%.
WWE has partnered with crypto wallet provider Bitski to facilitate the Undertaker NFTs auction.
Moreover, Robinhood said that its team had expanded more than three times since 2021 began.
The LCMS platform takes advantage of blockchain’s tracking capability and can provide information about the product’s history.
Citi and IDB Bank leveraged the EOSIO-based LACChain Blockchain Network to test cross-border payments between the US and Latin America.
Explaining their reason for adding more Bitcoin to its holdings, Meitu revealed that their decision was influenced by the utility of Bitcoin and the ability of blockchain technology to take over from the financial and the technology industry.
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.