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 large Ethereum transfer from a foundation-linked wallet to Kraken has sparked fears of increased sell pressure amid ongoing price weakness.
A whale’s recent deposit of over 1.7 million OM to Binance has sparked sell-off fears just as Mantra CEO John Mullin initiates a 150 million token burn.
Upbit’s support for the Sui-based DeepBook brought huge attention to the token as its price skyrocketed in minutes.
Strategy’s latest purchase of 6,556 Bitcoin for $555.8 million has strengthened its position as a major corporate holder of the largest cryptocurrency.
Shiba Inu (SHIB) burn rate has shot up 825% in the past 24 hours with a whopping 26.48 million tokens being removed from the supply.
Synthetix (SNX) price shot up 7% in the past 24 hours as founder Kain Warwick took a firm stance on the recent depegging of sUSD stablecoin.
South Korea’s central bank says it plans to play an active role in shaping stablecoin regulations to address potential financial risks.
Enjin Coin (ENJ) price has jumped over 60% in 24 hours, breaking out of a months-long downtrend with renewed momentum.
The TON blockchain revealed important milestones over the past month, pushing its token price up by 4% in just 24 hours.
Metaplanet acquires an extra 330 Bitcoin, bringing its total stockpile to 4,855 BTC (over $400 million).
A parallel channel breakout looms for Fartcoin, with bullish targets eyeing $1.07 and beyond, as smart money continues to bet big on this volatile memecoin.
Solana, XRP, and Cardano see notable increases as Bitcoin regains its digital gold narrative amid global inflation concerns and a weak US dollar.
A major Solana whale’s buyback at a higher price is stirring fresh optimism around the cryptocurrency’s near-term trajectory.
Ethereum has gained 2.5% value in the past day, boosted by a fresh buy signal from the TD Sequential and growing whale confidence.
Bybit is seeing its stolen funds fade away since only $200 million in Ethereum is left to be swapped to Bitcoin.