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.
Avalanche (AVAX) shows early signs of a potential trend reversal as it eyes a breakout above its 18-month descending channel.
As Bitcoin hits fresh highs and US-listed ETFs notch their best monthly inflows in six months, whispers of government accumulation plans are beginning to surface.
ASIC files civil suit against ex-Blockchain Global director over alleged misuse of ACX Exchange funds and directorial breaches.
Metaplanet has announced a $50 million 0% bond issuance, which it plans to use to support its Bitcoin purchase.
El Salvador secured a $120 million payout from the IMF as part of its $1.4 billion loan agreement, on condition of reducing Bitcoin exposure.
This trader has been betting not against Bitcoin, but against James Wynn, the legendary trader.
Ethereum price and trading volume are up, fueled by major whale accumulation and large exchange withdrawals.
Cardano daily transactions achieved the level of over 50,000 as ETF approval hopes are rising and analysts predict a major breakout in mid-June.
SUI price increased by 8% to $3.75, with trading volumes climbing 44% to $1.25 billion, driven by the SUI Foundation’s funding to victims of the hack.
USDC issuer, Circle, has filed for its IPO on the New York Stock Exchange under the ticker “CRCL” marking the start of the public listing journey.
Google Quantum AI researcher Craig Gidney revealed that quantum computers could break 2048-bit RSA encryption, similar to Bitcoin’s ECC, with significantly fewer resources.
Ripple’s CTO explains why XRP is decentralized despite common misconceptions about its leadership and issuance.
Solana price faces mounting pressure as technical signals, negative funding rates, and strategic whale exits align, suggesting a possible correction.
As James Wynn doubles down on a high-risk Bitcoin long near his liquidation point, a smart trader continues to copy his trades in reverse.
Hackers took over Migos’ Instagram to leak Solana co-founder Raj Gokal’s sensitive info, including passports and driver’s license.