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.
A group of European banks have conducted a series of cross-border financial trades via a jointly developed blockchain-powered platform.
The trading services were likely stopped due to some potential issues with the functioning of the Syscoin blockchain network as Binance caters to 87% of trading volumes for the SYS coin.
The new Issued Assets (IA) program on Liquid sidechain will allow users to create their own tokenized assets which can represent any financial instrument.
![Weekly Blockchain Industry Report [June 23-29]](https://www.coinspeaker.com/wp-content/uploads/2018/07/weekly-blockchain-report-june-2018.jpg)
Check out the report created by OK Blockchain Capital covering main trends of blockchain industry over June 23-29, 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 report also mentions that the ICO market is turning more mature with the reduction in failure rate as a result increased regulatory scrutiny.
Cryptocurrency exchange platform Cryptology enables both fiat and crypto transactions, making digital currency operations easier and more affordable.
The collaboration between Particl and Changelly will dispel the customers’ concerns about cryptocurrency use by reducing personal data security risks.
The new Coinbase Custody service will implement a range of security measures for safe and secure storage of digital assets.
The new exchange will also have an incentive model to reward customers for signing on its platform.
The Crypto Investment Bank will help its clients towards fundraising process through ICOs as well in developing their blockchain networks.
Having succeed in its TGE, the developers of chat-app Consentium have revealed the details of their new development roadmap.
An innovative blockchain trading platform trade.io has developed a new beneficial security program before the upcoming release of its crypto exchange.
Trade.io, provider of innovative blockchain technologies to financial markets, is set to run a competition giving their customers a chance to win a full-paid holidays plus 100k USD.
A leading Indian private sector bank Kotak Mahindra Bank will cooperate with Ripple to provide its customers with instant international remittance.
Money transfers have always been an expensive and slow process, especially when it comes to cross-border payments. Optherium Labs, a global Fintech company fully licensed in the EU, comes to change the story.