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.
Bitcoin jumps to $111,500 as US CPI cools, boosting Fed rate cut chances to 99%. Altcoins ETH, XRP, and BNB gain 3-5% on softer inflation.
Polymarket CMO has confirmed that the platform is planning to launch the POLY token accompanied by an airdrop.
BitGo CEO Mike Belshe defends Binance founder CZ, clarifying he didn’t plead guilty to money laundering. CZ was pardoned by President Trump.
Chainlink (LINK) price has rebounded from a major support zone near $17, where over 54.5 million tokens have been accumulated.
JPMorgan plans to launch a new program by year-end that will allow institutional clients to use Bitcoin and Ether as loan collateral.
Evernorth Holdings Inc., has secured 261 million XRP for its treasury move, as it plans to go public on Nasdaq through a merger with Armada Acquisition Corp II.
Ethena’s USDe has surged due to its innovative synthetic model and dual-token strategy that have sparked massive user demand.
Sygnum Bank and Debifi are developing MultiSYG, a Bitcoin-backed loan platform that enables borrowers to maintain shared control of their BTC collateral.
With over $128 million exiting ETH ETFs and Bitcoin futures activity hitting record highs, the market shows a clear preference for BTC.
Let’s examine the key trends and events shaping the crypto market on Oct. 24.
Aster rallied 15% to $1.11 after launching its Rocket Launch program and benefiting from renewed optimism surrounding CZ’s presidential pardon.
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.