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.
Ethereum price has slipped under $2,500, with analysts like Crypto Patel predicting a further correction to the $1,930–$2,100 range.
Top Win rebrands to AsiaStrategy, partners with Sora Ventures, and joins the corporate trend of adding Bitcoin to its treasury across Asia.
The Bitcoin options market saw 27,000 contracts expire with a bearish Put-Call Ratio of 1.03, while Ethereum options recorded 220,000 expiries with a Put-Call Ratio of 1.36.
Twelve people have been charged by the US DOJ for a $263 million crypto theft connected to the Genesis case.
Bitcoin continues to struggle below the $105,000 resistance, trading in a narrow range despite a surge in volume and a bullish Golden Cross signal.
World launches a flagship hub in Miami’s Wynwood District amid rising concerns over online identity and bot detection.
With a total value locked of $629 million, Starknet now leads all zero-knowledge rollup networks, surpassing competitors like zkSync.
DOGE is consolidating near $0.2235, with whale accumulation and bullish analyst forecasts hinting at a potential breakout to the $0.40 level.
BlackRock’s Bitcoin ETF (IBIT) dominated the US Bitcoin ETF market with $410 million in inflows on May 15.
Méliuz has become the first publicly listed company in Brazil to adopt Bitcoin as a treasury asset, purchasing $28.4 million in BTC.
The US Core PPI decline signals easing inflation, sparking hopes for rate cuts that could boost Bitcoin and altcoin prices.
Coinbase disclosed that it was offering a $20 million bounty scheme for information regarding criminals that attempted to blackmail the crypto exchange.
Ethereum’s rally to $2,700 and a drop in Bitcoin dominance from 65% to 62% over the past week signal the potential onset of a full-blown altcoin season.
ARK Invest bought a $9.4 million stake in eToro as the Israel-based company made its debut on Nasdaq via IPO.
Solana is regaining strength as capital inflows rise, institutional players increase exposure, and bullish momentum builds.