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 US and China have temporarily reduced tariffs, easing trade war tensions, pushing Bitcoin and altcoins higher as analysts share mixed takes.
UNI token has recently rallied over 50% from its yearly low, boosted by a historic $3 trillion trading volume milestone.
Japan’s Metaplanet has overtaken El Salvador in Bitcoin reserves after a $129 million purchase of 1,241 BTC.
Ethereum’s rally above $2,500 brought a $21 million profit to a whale. ETH price is targeting the $3,000 mark.
Pi Coin price surged by 50%, just days before a major announcement from the Pi Core team on May 14. Its market cap is over $9 billion now
Author of ‘Rich Dad Poor Dad’ has spoken out against fiat money, advising American investors to invest in Bitcoin and precious metals instead.
Dogecoin’s price has risen by 12%, reaching $0.23, with analysts citing strong signs of accumulation and predicting $0.31 as the next major target.
BNB Chain shows a strong positive adoption trend, which is evident in the current Binance Coin price, which has edged out core rivals.
Michael Saylor highlighted a shift in Bitcoin ownership, with long-term holders selling their assets as new investors, particularly those leveraging Bitcoin ETFs.
Brazil’s B3 Exchange will launch Solana and Ethereum futures on June 16 to expand crypto access for institutional investors.
PEPE has gained 45% in the last 24 hours, driven by Ethereum’s strong performance above $2,200, with trading volumes skyrocketing 400% to $3.87 billion.
Bitget Wallet has introduced a detection feature for EIP-7702, bringing more capabilities to users of the non-custodial wallet.
TRUMP has jumped 16% in the past 24 hours, fueled by increasing whale activity and renewed retail interest.
German authorities seized $38 million in cryptocurrency linked to the Bybit hack, with eXch exchange used to launder the stolen funds.
SOL has jumped over 8% to $165, but Ethereum’s explosive 21% rally post-Pectra upgrade has weighed on the SOL/ETH ratio.