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.
Bitmain going public at $18 billion will be the highest IPO in the history which will bring a lot of traditional market players to the crypto space.
According to the sources familiar with the matter, the two companies have been discussing the creation of a fork in the Stellar blockchain while letting Facebook develop its indigenous digital token on a separate blockchain.
Famous ad-blocker and privacy defender, a blockchain-based browser Brave now adds a tipping service available for Twitter and Twitch streamers.
$45,000 have already been collected for the past three days to find out the identity of the Bitcoin Network creator Satoshi Nakamoto.
Called bond-i, which stands for Blockchain Offered New Debt Instrument, the bond will become the first one to be managed completely with blockchain technology.
The Long-term trend of ADA remained bearish throughout last week; things are much oversold in the market, and that signals a possibility of a reversal.
The TradeLens platform will employ smart contract services for complex shipping solutions to further streamline the global supply chain.
Yale economists Aleh Tsyvinski and Yukun Liu have come up with a study showing that cryptocurrency markets move depending on the type of attention they receive.
The launch of the Digitex Futures commission-free exchange will eventually enable traders get the full value of their trade, instead of giving up a slice of their profits.
Hong Kong-based equity firm GSR Capital has agreed to invest as much as $400 million in tZero and Overstock. After the announcement, Overstock shares soared by 21 percent in after-hours trading.
Binance has currently released a “rough, pre-alpha” of the decentralized exchange, which is currently only client-based with no working graphical user-interface.
Despite the rapid growth of ICOs since the beginning of the year, more than half of all the crowdfunding projects failed, says new ICO market research.
The exchange platform ShapeShift AG has acquired a software startup famous for a tool enabling the effortless diversification of cryptocurrency portfolios.
Stellar has been engaged in continual bearish movements, owing to fundamentals that aid the current bearish outlook; the cryptocurrency made some faint bullish effort that was often followed by further drop in the market.
Meet the newly-launched independent news platform BitcoinNews.com, which aims to become a premier news outlet in the crypto field, placing strong focus on independence, transparency, and reliable information.