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.
A South Korean lawmaker has introduced a new stablecoin bill, which aims to improve the crypto landscape in the region.
INJ token jumped over 5% to $13.60 following the creation of a Delaware trust by Canary Capital, hinting at early steps toward a potential staking-based ETF.
ADA rallied 5.2% following Charles Hoskinson’s announcement of Cardinal Protocol, which brings Bitcoin DeFi to the Cardano network.
Hyperliquid (HYPE) has outpaced the broader crypto market with 12% gains, as influencers take massive BTC, ETH leveraged bets on the DEX.
The amount of Ether staked reached a record 34.8 million, accounting for 28.7% of the circulating supply, which signals growing investor confidence.
The latest Upbit listing announcement brought impressive momentum to the prices of Balance and Axelar, as it typically happens when the South Korean exchange lists tokens.
A billion dollars in Tether (USDT) were minted at Tether Treasury as Bitcoin price moved past the $106,000 price mark.
Pi Network’s dual value model, consisting of the internal Global Consensus Value (GCV) set at $314,159 and an external exchange price of $0.60, has sparked debates among Pioneers.
In collaboration with Web3 Salon, Ripple Labs has launched a new initiative that offers up to $200,000 in grant funding for Japanese Web3 startups building on the XRP Ledger.
Bloomberg’s Senior ETF Strategist Eric Balchunas predicts that actively managed meme coin ETFs, such as Dogecoin ETF, could debut by 2026.
Sony is doubling down on blockchain with the launch of the “Soneium For All” program aimed at accelerating gaming and consumer applications on Soneium.
OpenSea recorded the largest monthly user base for the first time since mid-2023, a sign of growing engagement with the NFT marketplace.
Bitcoin has rebounded above $105K following a high-profile Trump-Musk fallout, but traders are treading cautiously.
Keeta (KTA) surged 15% on June 9, fueled by its upcoming stress test and a 54x return by an early investor.
Sui Protocol’s Cetus DEX has successfully relaunched, addressing software vulnerabilities and restoring pool data with recovery rates between 85-99%.