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.
Report suggests that there is no circulation of Petro inside or outside of Venezuela and all the hype relating to it is just a big bubble that can burst anytime.
Singapore-based MOO Store is proud to announce that their native token, XMOO, has been listed on the Coinsuper exchange.
As cryptocurrencies are gaining popularity and becoming widely adopted, it is predicted that the Bitcoin ATM market will skyrocket within five years.
There could be a further bullish movement. Nonetheless, there may be a pullback towards the support level of $5.8 after which the price may continue to uptrend movement.
EOS is a relative newcomer to the cryptocurrency market, however the new kid on the block could be set to make waves and change the crypto world as we know it.
Splits in the BCH developer community are quite imminent as different camps propose their own Bitcoin Cash Satoshi Version with different views over the technical future of the digital currency.
The ETH miner community has called this decision a conservative choice but developers say that after seeing the perceived outcomes of this update, they would further decide on it in the next hard fork.
The announcement comes around four month since the crypto exchange was issued a business improvement order by the Japanese financial regulators.
International Decentralised Association of Cryptocurrency and Blockchain has started an ambitious collaboration with the top information companies. This non-profit organization wants to raise awareness of the crypto sphere among entrepreneurs and increase its credibility.
Coinbase has been ordered by Apple to remove the crypto collectible game War Riders from their iOS Wallet’s listing soon after they enabled native support for the game’s NFT (non-fungible token).
Japan’s Line Corp will launch its first digital token and list it on Bitbox exchange in September. With this launch, LINE is hoping to become “one of the largest and most-established companies to develop and issue a cryptocurrency.”
Though currently Bitcoin price doesn’t please investors, the forecast published by the advisory firm Satis Group is quite optimistic.
The most valuable crypto firm in the world, Bitmain, has revealed that its BTC.com subsidiary will soon open Ethereum and Ethereum Classic mining pools.
Ripple Labs has managed to coordinate all lawsuits claiming “XRP is a Security” for a single response as they are all a material part of the same subject matter.
A clear break and weekly close below the demand zone of $0.08 would interrupt the bullish testing supply zone of $0.11 and the demand zone of $0.07 would be exposed.