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.
Nick Evdokimov, specialist in reducing risk in the blockchain market, has revealed how blockchain investment funds mitigate risks during running Initial Coin Offerings.
The cryptocurrency market is developing fast – so is CoinMarketApp (by PrograMonks). Three years from the initial release and now this mobile app can be used by any person interested in cryptos on both Android and iOS.
Northern Trust Corp., which is one of the strongest financial services market players, announced its plans to start a custody service for digital assets.
A new network Fluz Fluz enables consumers to earn an instant return on their purchase when shopping online, in-store, by purchasing digital gift cards and through a built-in Cash Back Network.
OTC market is an important part of the crypto community, but the recent research claims that its volume has been underestimated, which can explain the difficulties of predicting movements of BTC and other cryptos.
Binance, the world’s largest crypto exchange based on volume, has made its first public acquisition, having bought a decentralized Trust Wallet that supports Ethereum and Ethereum-based tokens.
Ripple has teamed up with Madonna’s Raising Malawi to raise funds for orphans and vulnerable children in the southeast African country.
The keynote discussion will be held on the topics connected with regulatory framework along with new crypto opportunities across different business horizons.
CryptoCompare will source all its data to the Thomson Reuters’ Eikon platform thereby providing a comprehensive view of the crypto market price movements.
There are lots of crypto portfolio management apps, but even the best of them are far from perfect. The range of problems varies from annoying manual entry of wallet addresses to losing money because of slow price updates. ORCA Alliance claims to offer the solution that solves all these issues – PYGMY.
Cryptocurrency trading platform Coinbase is forming its compliance team. Jeff Horowitz is to become the first-ever Crypto Compliance Chief.
Meet Lynked.World, a blockchain-based platform changing the way we own, control and share digitally trusted identity, data and documents. ICO to go live on October 1.
Commissioners from the Franklin County Public Utility District have decided to stop accepting applications from new crypto miners until they study the effects of the growing density of cryptocurrency mining farms on electricity supply in the region.
A new crypto exchange which is powered by cryptocurrency services firm AlphaPoint will adopt XRP as its exclusive currency.
Creator of GOLD cryptoasset, Goldmint project, works to return meaning to the word “stable” by introducing its own stablecoin and coming blockchain.