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 world’s second largest manufacturer of mining hardware Canaan Creative has unveiled the world’s first bitcoin mining television set.
A blockchain-powered platform Neufund has teamed up with a crypto exchange BitBay to enable investors buy and sell equity tokens with fiat currencies.
Germany’s stock exchange Boerse Stuttgart will create “multilateral regulated trading venue” for cryptocurrencies with safe storage services for digital assets, and develop a new platform for conducting ICOs and trading the tokens on the secondary market.
The fund is currently available for wholesale investors who have obtained an accountant’s certification that they have net assets of at least AUD$2.5 million or a gross income of AUD$250,000 for each of the last two years.
Shares of Galaxy Digital Holdings Ltd. plummeted by more than 20% soon after the listing owing to poor Q1 results this year.
The Philippine SEC has introduced the draft rules on how companies can fundraise via ICO whereas all token are defined as securities by default.
Bitcoin Cash is falling for the fourth day in a row. In Thursday, August 2, Bitcoin Cash is trading at $749.70 and is heading down by 2.5%, reports Dmitriy Gurkovskiy, Chief Analyst at Roboforex.
BitMart has launched Mission X program as a democratic, fair, transparent, and efficient trading platform for promising projects. On the first day of launch, Mission X raised over 9 million BMX.
Hashtoro’s product director Alexander Petersons shares his insights into cloud mining potential, explaining how to mine cryptos with minimum investments.
The blockchain industry is gaining momentum. And, according to KPMG report, the investments in this sphere has significantly grown this year.
Here is a look at the latest developments and expert opinions on Bitcoin, the cryptocurrency market regulations and the arrival of Bitcoin ETF.
One of the most popular crypto data tracking websites CoinMarketCap has announced its new features. The key upgrade is a new professional API.
Transforming data exchange and privacy as we know it, blockchain technology is to make a huge impact on privacy protection proving that people’s interests are of the highest priority.
Crypto exchange Coinbase is actively working on expanding its services. Now its customers receive an opportunity to buy cryptos with the British Pound.
The MacCoins will be released on August 2, which is also the birthday of Jim Delligatti – the man behind the legendary Big Mac creation.