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 three exchanges will be using the Ripple’s xRapid solution for the easy transfer of money between the Mexican pesos, the U.S. Dollars, and the Phillippines pesos.
Blockchain-based platform Gath3r is to solve the problem of pop-up ads by offering online users a new monetization channel.
Instead of waiting for the Bitcoin ETFs, U.S. investors will now be able to trade exchange-traded-notes like the Bitcoin Tracker One.
Co-founder of Ethereum Foundation and Bitcoin Magazine Vitalik Buterin shared his insights into the blockchain and Ethereum’s future, further dispelling rumors about his appointment at Google.
A world-famous cryptocurrency startup Coinbase has acquired a digital identity startup Distributed Systems and to develop digital identity solutions.
Adrian Guttridge, CEO of BlockchainWarehouse and FinTech/InsurTech Business Advisor to Axpire, shares his insights into the key aspects of crypto converting and taxation for those willing to save some money.
XMR continues its downward trending after breaking of $130 distribution level, the pair will experience further downward movement and get exposed to another strong accumulation level at $55.
Michael Terpin has charged AT&T for the SIM-swap fraud wherein the hacker managed to impersonate his identity and gain access to his cryptocurrency accounts.
TRXUSD continues its bearish movement in the long-term outlook, there should be caution and patience in taking positions as the price could reverse its movement upward in case there is enough bullish pressure.
The first professional fantasy football league wants to give its members the perfect impression of being a team owner. The aim is ambitious, so are the funding expectations: the project wants to raise nearly $100 million.
Coinbase CEO has shared his thoughts on the future of digital currencies in a recent interview with Bloomberg’s host Emily Chang in San Francisco.
Fintech startup Papusha Rocket Technology introduces a new project that makes the process of converting toxic waste into reusable products a reality.
Leading hardware wallet provider Ledger now supports Particl (PART) cryptocurrency to allow for safe and secure staking on a cold wallet.
As the race for getting the approval of Bitcoin ETF gets intensified, CBOE President talks of the advantages of being first while getting the correct liquidity for the investment product.
Aiming to expand its operations across the Asian region, Ripple is now planning to promote its distributed ledger-based payments platform in China.