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 new blockchain ETF is looking to provide investors with an exposure to companies operating within the rapidly developing blockchain industry.
The new center will study all the challenges that the blockchain technology may face, and will develop ways to implement it across a variety of spheres.
A confusing 18 zero hashtag posted on June 19th provokes lots of debate within the crypto community. What is the secret behind the code? Let’s try to shed some light on it.
Japan’s Financial Service Agency has forced one of the biggest Bitcoin exchanges bitFlyer to cease new account registrations due to inadequate AML/KYC requirements.
While striking it rich by trading is easier said than done, automatic trading bots developed by 3Commas are set to change the game.
Here’s the technical analysis of EOS’s (EOS) current price and its feasible scenarios, conducted by Dmitriy Gurkovskiy, Chief Analyst at RoboForex.
Cryptographer and PhD in Information Security Dr. Pavel Kravchenko shares his insights into the nature of crypto and non-crypto assets, and explains why it’s critical to understand the difference between them.
An open-source framework and consensus protocol Cardstack is set to provide interoperability between conventional and blockchain data sources to create user experience never seen before.
To get rid of allegations over Tether not having the funds to back their tokens, Freeh Sporkin & Sullivan LLP, a law firm, released a report which confirmed Tether’s bank deposits and assured investors that its cryptocurrency is backed by USD.
If departing travelers don’t need euros in their home country, they will be able to exchange them for cryptos at Schiphol airport in Amsterdam.
Aiming to overcome existing environmental pollution issues, the startup has developed an innovative project for high-tech waste recycling plant construction.
The fintech startup created by former Saxo Bank traders uses the classiс win-win solution – copy-trading. The desktop platform has already proved to combine usability and security, its upcoming mobile version is an awaited solution for the volatile crypto market.
Bloomberg Terminal has announced the addition of HB10 crypto market index launched by Huobi Pro to its terminal service.
A great number of Coinbase users sent countless reports to the Securities and Exchange Commission, complaining that they had lost their funds.
The trading platform that has been around for three years is replaced with its improved analogue. The new solution specially designed for individual crypto traders is already available for users.