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.
Fractonet has started to rewrite the rules of what is possible with Blockchain and this is where the evolution of the technology takes its next step.
While trust has long been the main issue preventing institutional investors from entering the cryptocurrency market, Covesting, one of the first ever exchanges to receive a highly sought DLT license, is set to break this barrier.
Developers of the Ethereum platform are trying to achieve a balance in a tug-of-war between the miner and developer community with regards to the upcoming changes.
The new project of a Korean e-commerce company TMON aims at creating blockchain-based digital payment system. The solution is expected to lower the fees and help small retailers compete against industry giants.
The new funding, the startup says, will go on the further development of its decentralized computing system and other projects, including expansion of its staff.
Huobi Group acquired 199 million shares of the Pantronics Holding Ltd at HK$2.72 (or $0.35) per share, through its two subsidiaries – Huobi Universal and Huobi Capital.
The price is still in a valid bearish phase as long as it stays within the resistance level of $0.24 and the support level of $0.19. In the near future, we may expect price break out from the channel that will lead to increases in the rates.
A global games publisher framework, TriForce Tokens, will unite gaming, advertising and blockchain with its innovative Dynamic Advertising Platform.
Blockchain has proved to be a real game changer, which has already disrupted a number of spheres. Yet, most common challenges such as network, governance and software ones remain live. Color Platform comes with its scalable and decentralized computing platform as a solution.
An Australian federal agency is going to launch a national blockchain that will let companies conduct transactions based on smart legal contracts.
The combination of the best practices and customizable elements has led to the creation of B2Broker turnkey solution. Faster and cheaper than developing a proprietary crypto exchange, B2Broker is ready to offer a fully functional exchange for a reasonable price.
Ether is going down, losing around 1.5% on Thursday Aug 30, while trading at $284.47
Siemens Financial Services will work together with Standard Chartered and TradeIX to provide blockchain-based solutions for trade finance.
After renewing its contract with the Nonghyup Bank, Bithumb has resumed the facility of new user registrations starting today i.e. August 30.
The second largest cryptocurrency Ethereum is mobilized to put a decisive ending to corruption in commerce by the means of blockchain transparency.