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 world’s biggest Q&A social network is getting ready for the ICO. The important addition to the ASKfm team is the leading crypto expert and co-founder of a global online investment platform.
Here’s the technical analysis of Ripple’s (XRP) price, which is currently making around $0.5512, as reports Dmitriy Gurkovskiy, Chief Analyst at RoboForex.
At the Town Hall Meeting held in Atlanta, SEC Chairman delivered a speech in which he pointed out that ICOs should be considered as securites, that need regulation.
Coinbase Crypto Index Fund is currently available to the U.S-resident accredited investors, promising more funds in the pipeline for global ones.
The redesign of one of the core sites of the crypto sphere provoked some strong reactions, as the platform left out from the list of Bitcoin Resources all the companies supporting Segwit2x and not treating Bitcoin and S2X as separate cryptocurrencies.
Moveco represents its mobility ecosystem, allowing users to share their mobility data for urban planning and to reduce travel costs by earning rewards.
The trade.io team launches an airdrop campaign, enabling the platform’s users to participate in over 2 million token distributions per verified token sale.
One of the most secure online trading environments, FXPRIMUS, has become the world’s first trade broker to accept trade.io’s native token TIO as payment.
Garlinghouse opens up about his view on Bitcoin along with the long-term impact of Ripple’s technology to drive the mass adoption of cryptocurrencies in the future.
Blockchain-based VR platform ImmVRse merges centralized and decentralized elements to employ hybrid architecture and deliver top-quality virtual and augmented reality content.
This blockchain platform is aimed at providing important services like digital authentication and document certification services and community tokens.
Scopuly, a decentralized cross-platform application built on Stellar blockchain, allows for safe storage, instant transfer and issuance of crypto-currency assets, investment in ICO campaigns, and their launch – all in one app.
Blockchain-based startup Taxa leverages state-of-the-art hardware-based trusted computing technology to enable data-rich, computation-heavy, privacy-preserving, highly-developable smart contracts for all the platforms and DApps across variety of industries.
Thomson Reuters, the leader in the sphere of intelligent information for businesses and professionals, has decided not to stop at Bitcoin and announced expanding its sentiment data feed to 150 cryptocurrencies.
With Kodak’s new blockchain platform, sports fans will be able to get rewards in digital currency for sharing their photos taken at live events.