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.
Growing demand for Bitcoin cold storage leads to extreme popularity of Xapo’s services: the company holds 7% of the total Bitcoin supply.
Bytecoin network’s instability, which resulted in wallet crash, made the team stay in constant touch with the community issuing necessary upgrades to solve the software bug.
Scanetchain, a decentralized open platform, disrupts commerce industry ensuring interoperability of advertising, shopping, contents, and social networking services through using augmented reality (AR) technology.
The Bloomberg Galaxy Crypto Index (BGCI) will be tracking the performance of some of the biggest and most liquid cryptocurrencies in the market.
DataBlockchain.io, revolutionary data platform that stands to disrupt the way data is collected and shared, partners with Media Direct, Inc., a leading data supplier for marketing and analytics.
Nauticus boasts hosting one of the leading crowdfunding events of 2018, providing user-friendly, secure and efficient banking, payments and eCommerce solutions based on blockchain tech.
As a part of the major overhaul of its products and services, Facebook has formed a new Blockchain group for working on studying and implementing the technology at their end.
Intercontinental Exchange will be discussing with other financial institutions on working to make ICE-backed bitcoin swap contracts available to the banking institutions.
Ethereum-based all-inclusive platform Ingot Coin works hard to link the crypto universe to the traditional financial industry. Pre-ICO live till June 30th.
Paybis cryptocurrency exchange is trying to stand out from the hundreds of others by offering volume discounts and broad options for buying with fiats.
ImmVRSe plans on being one of the researchers that produces a workable use-case for VR, specifically for the education sector in order to improve learning outcomes – something it deems a worthy cause.
The audit by one of the leading companies in the sphere of blockchain strategy and technology consulting was aimed at identifying security flaws in the design and implementation of the smart contracts.
The Yodse project launches a blockchain-based ecosystem that conceived to unite interests of both manufactures and end-customers of industrial sector while reducing financial and time costs.
OPEN Platform, first blockchain infrastructure for applications, increases potential of already established infrastructures helping them start accepting cryptos.
Dan Schulman, PayPal CEO, said that as the popularity of PayPal and its mobile payments platform Venmo grow, traditional methods of payment will be replaced by digital alternatives, which means that there will be no credit cards in 20 years.