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.
Dogecoin (DOGE) surged by 6.9% to $0.16 following President Trump’s announcement of a 90-day tariff delay and 21Shares filing for a Dogecoin ETF.
An Ethereum whale that has stayed inactive since 2022 has made a huge sale involving 10,702 ETH, raising concerns about the price outlook.
The team behind the official meme coin of Melania Trump, the First Lady of the United States, has been tampering with the meme coin’s liquidity in a technique similar to a rug pull project.
In a closely contested Senate vote (52-44), Paul Atkins was announced as the US SEC Chairman, signaling a potential shift toward a more crypto-friendly regulatory approach.
XCN has jumped over 30% in a day, breaking out of its consolidation phase and sparking bullish predictions of a potential 300% rally.
XRP has surged 11% in a day to around $2, rebounding from $1.65 as whales move 70 million tokens in the past two weeks.
Binance now has a new yield token that offers a dual reward to investors who can simultaneously earn and trade with the token.
Thailand’s SEC has amended digital asset and cybercrime laws, targeting crypto mule accounts and restricting foreign crypto P2P platforms.
Argentina’s Chamber of Deputies has launched a formal investigation into the LIBRA meme coin scandal, summoning top government officials.
A PEPE whale has offloaded over 723 billion tokens, converting them to the DeFi stablecoin DAI, signaling a lack of confidence in the asset.
Prominent analyst Trader Tardigrade has identified a potential Wyckoff Accumulation pattern forming in Dogecoin, signaling a possible bullish reversal.
Shiba Inu (SHIB) burn rate has shot up a massive 690% in the past 24 hours as analyst Javon Marks has predicted a 550% increase in price.
XRP holders’ lawyer is convinced that XRP is on track to flip Ethereum by the end of this year, a bold prediction he backed by some key development trends.
FARTCOIN is now showing signs of exhaustion, with some analysts expecting a sharp decline and others predicting a $10 rally.
Solana has seen intense selling pressure from both whales and retail investors over the past month, but analysts still expect a price bounce.