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.
Malta has become a very atrracrive country for crypto firms. Binance is planning to launch a crypto exchange in cooperation with the Malta Stock Exchange.
Huobi Japan Holding, one of the world’s largest digital asset exchanges, has acquired a majority stake in crypto exchange BitTrade, owned by a Singaporean entrepreneur.
Crypto exchange ETERBASE has made significant progress in its efforts to become one of Europe’s leading exchanges, with a regulatory assessment from Liechtenstein’s Financial Markets Authority (FMA).
Chongqing-based startup NULS wants to revolutionize blockchain technology, making it affordable and accessible for even the smallest of enterprise.
Having started its way in the U.S. from California, the digital asset trading platform OKCoin is expanding into 20 more states.
Stablecoins are the goal of achieving genuinely price-stable cryptocurrencies that can effectively function as a medium of exchange, store of value, and fungible unit of account.
Blockchain Protocol Bytom launches its Global Dev Competition for developers, aiming to improve the company’s sustainable open-source ecosystem.
After engaging in almost one-year of legal battle, the two companies decided to end it in an undisclosed agreement.
The largest U.S. cryptocurrency firms are going to create their association with a view to lobby Washington on the industry-related issues.
The price of Ethereum (ETH) has significantly underperformed the overall crypto market, dropping more than 60% since the beginning of September.
Should the strong accumulation level of $102 get broken, the pair will experience further downward movement and get exposed to another accumulation level at $77
Cryptocurrency market sentiment continues to remain negative as Ether (ETH) and other altcoins enter a downward spiral.
According to the recent ruling made by a US federal judge, criminal cases related to shady ICOs officially fall under securities laws.
Following multiple complaints from WFee coin investors, the founder of one of the world’s largest crypto exchanges was taken to the Shanghai police for criminal investigation.
The platform has recently announced the start of a Smart Contract activating process that in a day made traders turn bullish on its native token.