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 Financial Services Commission is currently having a third-party view on the decision to lift the ICO ban and is simultaneously exploring ways to use advance blockchain-related technologies and effectively regulate crypto-trading.
In interview with Coinspeaker, Greg Jarzabek, founder & CEO of TrustedHealth, shares his vision for the whole health ecosystem in specialised medicine available to everyone around the globe.
The new partnership is aimed at building an infrastructure necessary for a wider adoption of crypto-trading products by institutional investors, including banks and investment funds.
Blockchain tech shows the potential to beat all the flaws in passwords completely changing the way we protect our information.
Coincheck is finally compensating all the victims of the hack as promised earlier. The exchange is also allowing customers withdraw their crypto holdings.
Startup Cultural Places brings culture and blockchain tech together aiming to change all industry’s aspects: from ticketing and crowdfunding to trip planning and mapping.
Having added Bitcoin sentiment to its financial data feeds, Thomson Reuters will help professional traders from all over the globe in their activity.
Auctus, the world’s first retirement platform, presents an opportunity to create a unique retirement portfolio with the help of Robo and Human advisers.
BoatPilot, a free marine navigation app focused on private yachtsmen and charter companies, announced the worldwide launch of its token generation event (TGE) to take place on April, 1st.
Crypto markets are now showing some signs of recovery consolidating around $380 billion over the past week.
Google has decided to ban all Initial Coin Offering (ICO) and cryptocurrency related advertising on its search engine. The ban is to come into force this March.
MoxyOne, blockchain-based debit card infrastructure startup, presents the opportunity to spend crypto at merchants, or withdraw fiat from ATMS around the world utilizing MoxyOne wallet system.
Modern day online advertising requires content producers and advertisers to entrust their revenue streams to middlemen that have an incentive to pay producers as little as possible while milking advertisers for every penny possible.
Europe’s leading retail broker for digital currencies Bitpanda started Pantos, an open-source research project, which brings all major blockchain platforms closer together, setting new standards for decentralized cross-chain token transfers.
Toronto-based Blockchain startup THRINTEL MARKET has announced the details of its upcoming Token Generation Event.