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.
Coopet, a new blockchain game developed by Cootech, takes a step forward to blockchain gaming by allowing players to earn money while playing.
Monero has formed the “Ascending Triangle” pattern, which connotes an upward breakout. Should the strong distribution level of $110 get broken, the pair will experience upward movement and get exposed to another strong distribution level at $120.
Alexander Petersons, crypto-enthusiast and a product director of cloud mining service Hashtoro.com, explains how to start earning crypto eliminating high market entry threshold.
After a successful token sale, one of the top blockchain startups, PATRON, has revealed its nearest plans, including additional exchange listings.
Since its inception in May 2018, Operation Cryptosweep investigates violations relating to securities fraud and investors misleading.
With its updates in immigration policy, Hong Kong shows real interest in attracting specialists working with cutting-edge technologies including blockchain.
Dash is rising on Wed, Aug 29, trading at $194.66, while the demand is pushing the crypto further towards $200.00
Following Americas, “the flagship event, which has grown quickly to become the largest blockchain technology roadshow” moves to Singapore, commencing at the end of November.
Venezuelan President Nicolas Maduro ordered banks to adopt the Petro, the Maduro government-launched cryptocurrency, as a unit of account and use this cryptocurrency in all financial reports.
In July 2018, Google enforced a ban on applications that allowed mining cryptocurrencies on mobile devices. However, some apps with on-device mining capabilities are still live on the Play Store.
Apart from the Bitcoin price surge, the hashrate of the Bitcoin network has reached record-high marking an increased mining activity on the Bitcoin blockchain that could drive the BTC price northwards.
The cryptocurrency exchange Huiobu fuels market speculations discreetly becoming the largest shareholder of a Hong-Kong-based public firm.
A qualified crypto custodian Kingdom Trust has announced its partnership with one of the Lloyd’s underwriters. The insurance coverage provided through the world’s leading insurance market is expected to attract more institutional investors to the crypto sphere.
Once again unlucky CEO of the despoiled exchange got under the fire as his former U.S. customers brought on a fraud lawsuit to the federal judge in the state of Illinois.
There is a tendency for the price to go up within the next several trading days, by making a break out towards the North at $0.024.