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.
The Dubai Land Department has selected XRP Ledger as the blockchain infrastructure for a real estate tokenization project, which opens up more use cases for XRP.
Over $549 million in token unlocks led by SUI’s $158 million release could inject fresh volatility into the week.
The coalition of the top five South Korean exchanges conspired against the WEMIX token, WeMade says.
PEPE has recorded a 50% jump in trading volume as popular trader James Wynn reopened a leveraged long position on PEPE using 10x leverage.
Hyperliquid’s native token HYPE has surged 12% today, reaching an all-time high of $40 and extending its weekly gains to 50%.
Everyone from retail to institutional investors wants to have a piece of the digital gold despite fears of another trade war.
Bjelic is the third Polygon co-founder to exit the blockchain network within the last two years, fueling concerns within the community regarding the protocol’s future.
Judge Arun Subramanian has dismissed the fraud and manipulation charges against Mango Markets hacker Avraham Eisenberg.
The broader crypto market experienced a sharp decline over the weekend, as Bitcoin price dropped from $111,200 to just above $107,000, driven by fears of a renewed Trump tariff war with the European Union.
Bitcoin price fell as Trump revived trade war with a 50% EU tariff and threatened Apple with a 25% levy on imported iPhones
Binance founder and former CEO has disputed allegations in a WSJ report that links him to Trump’s World Liberty Financial.
Ethereum’s price has climbed 50% in the past 15 days, with analysts stating that breaking past $2,900 is crucial for a sustained uptrend.
Top TRUMP token holders dumped $394M before the gala, triggering a price crash and raising insider trading and political ethics concerns.
Texas is moving forward with legislation to create a Bitcoin reserve, becoming the second state to do so.
Hyperliquid’s native token HYPE has erupted to new highs amid record-breaking derivatives activity and a bold regulatory move with the CFTC.