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.
CoinMetro has announced three key advisory additions to its team, as well as the partnership with a professional PR agency Bitcoin PR Buzz.
Bitcoin corrects heavily by 10% in just the last 24-hour duration as the overall crypto markets hit a month low.
Hada DBank has begun a successful collaboration with DE Asset Management Ltd, after receiving a $500,000 USD investment.
MoviesChain, new blockchain-based film distribution platform developed by TVzavr, announced TGE to disintermediate the whole industry, bringing together film viewers and independent cinema.
It’s interesting to observe how cryptocurrences are penetrating into all the spheres of our life. Now it’s turn of the cannabis market to be changed.
The Italian Sea Group has partnered with Aditus, the world’s first decentralized luxury access platform, to let its customers buy yachts in crypto.
The Financial Service Agency has cracked the whip on seven exchanges for failing to comply with anti-money laundering and security procedures.
IPChain Database has set the official launch of its pre-ICO on March 24, 2018, aiming to integrate blockchain technology with IP security.
Fiduxa Project is to disrupt the current structure of recruitment industry with its very new platform benefiting both employers and job-seekers.
Just like the Dow Jones Industrial Average, the Coinbase’s Crypto Index Fund will reflect all the major trends and shifts in the cryptocurrency market.
MinexCoin has announced the release of its mobile banking application MinexBank on the iOS platform after a long verification process.
Kobayashi said that the bankruptcy estate has still $1.8 billion reserves which he will be selling after proper consultation with the court to reimburse the creditors.
BetterBetting speeds up the development of its decentralized sports betting platform, as the 2018 FIFA World Cup is right on the horizon.
Each PAX token is pegged at $5 and will be sold exclusively on the company’s website and will be later available to trade across multiple exchanges.
ImmVRse, a revolutionary blockchain-based VR content-sharing platform, has revealed its development plan of VR content rapid growth.