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 CBOE Bitcoin ETF will allow for over-the-counter (OTC) trading for accredited investors while providing them with complete security and insurance.
Finally, the U.K.’s financial regulator, Financial Conduct Authority, started to recognize the benefits that blockchain technology can bring to the society.
The latest report from Imperial College London shows cryptocurrencies are poised to be used as a mainstream financial payment method.
The number of Bitcoin trading operations in the Chinese currency has fallen from a peak of more than 90% to less than 1 % of the world’s total.
Cryptocurrency exchange BINEX.TRADE has recently announced its Brand Ambassador Program, promising to reward its users for participation.
ICO All-In, a comprehensive rating system, will stress out trustworthy ICOs from a wide variety of doubtful ones to help contributors make the right choice.
The company aims to drive the adoption of the blockchain technology by overcoming the current limitations that hinder its usage by companies.
Cryptographer and PhD in Information Security Dr. Pavel Kravchenko shares his insights into the key premises for blockchain appliance in full measure.
The organizations will desing the platform to recover unused drugs from cancer patients. This would allow these drugs to be passed on to economically disadvantaged patients who would not be able to afford them on a regular basis.
Blockchain trading platform trade.io has revealed the details of the upcoming launch of its crypto-exchange offering rewards for early registrants.
The solarisBank is working on a hybrid model of the future that implies the coexistence of banking and blockchain firms to play a crucial role in the global economy.
The main network of a long-awaited peer-to-peer prediction market platform called Augur will be launched on Monday, July 9th.
ImmVRse’s showcase succeeded at 2018 Blockchain Summit, proving the potential of VR innovations in a range of industries.
The community exchange and crypto learning platform uses its ICO to fight the crypto market depression. The platform offers the incredible exchange rate for one week to make a powerful statement: Dacxi believes in the future of cryptocurrencies.
The domain whose value drastically increased in proportion to the cryptos boom has been bought out by a crypto-spending card project Monaco.