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.
Analysts say that if the price of BTC tokens was calculated considering its actual circulation while removing the lost tokens, Bitcoin would be traded at higher that the existing rates.
Aiming to solve the problem of fraud, DATA, a blockchain based digital data authentication protocol, has built a Data Trust Alliance with crucial partners in the crypto industry.
New research by the laboratory’s analysts has revealed there are some serious security vulnerabilities in the Ethereum ERC20 standard’s code.
A blockchain ecosystem tokenizes undersea exploration while reshaping the ownership of precious underwater artifacts with its new cryptocurrency coin.
Indices have proved their efficiency in the traditional markets – and now they are here to change the trading experience of the crypto investors. The AI-powered algorithm uses over 80 parameters to analyze over 1000 coins – and the result of its work is the balanced basket of top 100 cryptocurrencies.
A lawmaker in the U.K. published a report giving recommendations about blockchain development to the British government. The report offers appointing Chief Blockchain Officer and an international blockchain competition.
While the countries are actively working on developing crypto regulations, XRP has faced its third class-action lawsuit for securities fraud.
Starting this Saturday, July 7, the new coin will become available for trading to both institutional and individual investors via over the counter market.
The recent opening of Nebulas Rank key code has made this project one of the leaders in the sphere of value measurement for blockchain. The recently published yellow paper proves that Nebulas can go beyond itself: the new set of rank algorithms effectively resists manipulations, can work with smart contracts and extends to multi-dimensional vector.
Being backed by the biggest players in the image industry, Wemark allows photographers to connect directly with buyers, regaining control, transparency and revenue from distributors and agencies.
Here is the success story of Wes Nolte, popular investor, who managed to win over 70,000 followers and $3M in profit for copiers through eToro social trading network.
Australia-based blockchain company EZToken announced the launch of their new loyalty program to offer all: investors, retailers and users, the chance to generate value.
Malta is actively working on becoming the friendliest jurisdiction for firms dealing with cryptocurrencies from all over the world.
MinexSystems, blockchain development company, creator of Minexcoin and MinexBank products, officially announced their MinexPay debit card’s pre-order event.
The ICO-market has gone through a high failure rate of 46% with several ICO projects turning out to be deceased or scams.