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 mobile application provides an easy-to-use, intuitive and hassle-free interface while promising to protect your crypto asset holdings, just like hardware wallets.
Voyager, a startup backed by an Uber co-founder, has announced its plans to launch a new zero-fee mobile trading app by the end of this year.
Cryptocurrency futures and options exchange Deribit enables traders to take fiat currency loans backed by cryptocurrency and digital asset collaterals.
Expert finance explorer Sam Hoffman shares his insights into the main principles of successful management of your crypto portfolio.
The leading exchange Coinbase has revealed its achievements in the second quarter of 2018.
AVINOC connects passengers, airlines, air traffic control and travel agencies to bring the power of decentralization into the General Aviation.
Seeking to get out of the rampart economic crisis, Venezuela bets it all on new national currency anchored to controversial “Petro” token.
Stellar is calling the shots in the crypto market after signing a new deal with TransferTo to enhance the cross-border payment transfers and settlements across 70 countries.
Qiwi CEO Sergey Solonin claimed that an ex-employee of the company used the hardware of Qiwi to mine bitcoins. When the company made an attempt to continue mining, it turned out that the difficulty of this process had risen to a point that it was no longer profitable on Qiwi’s computers.
A market leader in institutional-grade cryptocurrency security, BitGo has recently added support for Zcash to its expanding list of diverse digital currencies.
Coinbase’s new partnership with a digital gift card startup will enable customers to buy retail goods and services using crypto assets.
In comparison to the overall crypto market fall, Ripple considers this to be its best performance in Q2 so far. The company also boasts on adding new customers to the XRP ecosystem.
An announcement from the U.S. Securities and Exchange Commission (SEC) said the decision concerning bitcoin ETFs of investment firm Direxion is postponed until September 21.
BitMart Exchange, a digital asset trading platform, has announced its plans to launch a new community listing market for its utility token called BMX.
![Weekly Blockchain Industry Report [July 14-20, 2018]](https://www.coinspeaker.com/wp-content/uploads/2018/07/weekly-blockchain-report-july-2018-1.jpg)
Check out the report jointly created by OK Blockchain Capital and Coinspeaker covering main trends of blockchain industry over July 14 – July 22, 2018, with strong focus placed on the market overview, analysis of the newly listed and closed public sales projects, along with topical news on global governmental policies.