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 company’s founder Jihan Wu is reportedly planning to launch an initial public offering (IPO), what could become one of the largest listings in the industry.
Governor of Thailand’s Central Bank has announced the ‘Inthanon’ project as part of Thailand’s ongoing research into new applications for blockchain technology.
In this guest post David Ritter, CEO of Penta Global Foundation, shares his insights into the creation of a viable, self-sustaining and low-barrier ecosystem, explaining how Penta Network manages to achieve scalability without sacrificing inclusion and fairness.
Award-winning platform Spiking has recently announced its partnership with J Capital and Excavo and the addition of leading advisors to its board.
The new platform aims at making blockchain actionable for enterprise customers by integrating the technology into SAP portfolio. It will provide support for Hyperledger Fabric and MultiChain.
According to Coinbase, once the firm gets the regulatory license, it would soon expand its operations listing more digital tokens to its offerings.
Any currency used as an investment in the venture affecting the value of the token will be categorized as securities as per the SEC jurisdiction.
Serial entrepreneur and advisor Rick Marini talked to Coinspeaker about why a decentralized platform SpringRole is set to disrupt professional profile verification and attestation.
One of the most valuable cryptocurrency platforms is ready to become a ‘Guinea Pig’ for the U.S. regulators and break the ice between it and the crypto sphere.
Beldex represents its “privacy enabled” coin and aims to disrupt such major industries as transport and delivery with blockchain technology.
The leading trading platform for alternative asset, OpenFinance Network (OFN), has reached an agreement with Polymath, according to which the Polymath-powered security tokens will soon be added to the OFN’s offerings.
Namahe has collaborated with Adqura, a self-proclaimed expert in “decisioning”, to implement an AI layer to their supply chain solution.
HybridBlock has collaborated with TrustToken for utilizing TrueUSD on its HybridExchange as a base pairing preventing traders from market volatility.
This is a guest post by Mary Ann Callahan, a journalist at UK-based cryptocurrency exchange Cex.io, in which she shares her insight into possible reasons for such a wild Bitcoin price’ fluctuation.
Assemblyman Ron Kim talks of having blockchain-friendly regulatory measures that could foster fintech innovation in New York.