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 popular blockchain-based cat breeding game will launch a brand new version of its app exclusively for HTC mobile devices.
Having achieved its soft cap with ease during private TGE, INGOT Coin will act as a bridge between blockchain tech and regular financial market.
Why and how startups to seize the blockchain opportunities? Xunlei discussed at TechCrunch Summit
China’s central bank is bragging about the fact that after its ban, it has successfully managed a zero-risk exit for all the previously operated ICO and crypto trading platforms.
The latest version of the Opera browser for Android, which now is available in a private beta, is the first to offer a built-in cryptocurrency wallet and support for Ethereum decentralized apps.
Palladium aims to raise $150 million in tokens in the ICCO, scheduled to begin July 25, and use proceeds to support the three core blocks of Palladium’s solution.
![Weekly Blockchain Industry Report [June 30th–July 6th, 2018]](https://www.coinspeaker.com/wp-content/uploads/2018/07/blockchain-industry-report-july-2018.jpg)
Check out the report created by OK Blockchain Capital covering main trends of blockchain industry over June 30-July 6, 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.
The soft cap for the platform is already achieved, the hard cap of $30 million is still to be hit. This is an ambitious goal, but the project which offers crypto credit cards and revenue redistribution among token owners is likely to succeed.
Augur, a decentralized prediction market platform, has finally launched after being in development for over 2 years. It is now available for those owning Ethereum.
Musk has expressed some curiousness over the mad skills of Ethereum scam bots creator, while Vitalik Buterin asked Jack Dorsey to solve this issue.
According to the senior vice president of product at Ripple, the biggest risk that this California-based start-up faces today is regulation.
Many experts from the industry believe that Bitcoin can slip further to bottom out in the range of $3000-$5000 before starting its upwards journey to $20000.
With the introduction of the commercial version of Corda, R3 makes it easier for businesses to reap the benefits of blockchain technology.
With a view to prevent further mistakes in usage of two notions, Ripple Labs Inc explained the difference between their brand and digital asset XRP.
Google co-founder Sergey Brin revealed he is mining Ethereum. Speaking at the Blockchain Summit, he stated that the concept of zero-knowledge proofs is “really mind-boggling”.