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.
The victims of infamous cyber attack on the Mt.Gox exchange are eligible to file proof of their claims in a newly-approved rehabilitation process.
High transaction fees, long lasting verification process, the third party commissions – all these factors can undermine the pleasures of the gambling industry. The new platform brings the benefits of decentralization to the betting markets.
Blocktrade Technology Ltd., a subsidiary of Stockholm IT Ventures AB, has signed an agreement with Valens Bank to provide a crypto fund trading service.
A new decentralized reputation and payment system Ink Protocol set to disrupt traditional marketplaces allowing users safely send and receive payments in P2P marketplaces while earning a public reputation for every completed transaction.
There may be downtrend continuation in case there is a break out of the price at the demand zone of $0.08, traders should be patient for the breakout confirmation at the upper supply zone or break down at lower demand zone before taking a position.
Germany is considering a possibility to launch an independent payment system free of the US influence, which may become a very positive move for Bitcoin,
SEC Commissioner Hester Peirce explained that the agency might reconsider its decision as the ruling was originally drafted by SEC staff members on behalf of the leadership.
DMarket platform enters crypto gaming scene to endue real value for virtual items enabling players earn on their hobby.
The international crowdfunding firm Indiegogo is starting a token sale on behalf of a luxury ski resort in Aspen. The company is aiming to raise $12 million of investment.
2018 is believed to become a new branch in the development of civilization, wherein free from ideology and bureaucracy extraterritorial self-governing blockchain states will appear.
The two companies will be working on providing a wide range of securities offerings including “issuance advisory services, placement, trading, and custody.”
The proceeds generated after the bond issuance will go towards supporting World Bank’s sustainable development projects in emerging economies.
A partner and co-founder of Crypto Oracle boldly claims that owing to certain qualities Bitcoin has all the chances to replace a historic alternative asset in the long-term perspective.
After a successful token sale, DataBroker DAO is proud to list its native DTX token on Tokenjar and welcomes three new alliance members on board.
XRP is recovering on Thursday afternoon but is still unable to reach yesterday’s price