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.
As the regulatory frameworks around ICOs take shape, the countries with closed doors risk missing out on a technological revolution, says Oleg Poskotin, CEO at Cryptonomos.
Despite the growing crypto space, SWIFT is not going to lean back: it reduces cross-border payment times providing its clients with fast and safe services.
NAGA has revealed the details of the pre-registration of its NAGA debit card, a revolutionary new crypto-fiat debit card.
Growing interest to gaming reality and development of blockchain technology pushed the creation of their synergy. Meet a blockchain-based game UnicornGo.
LucyD, an ergonomic smartglasses developer, has announced its partnership with Roomful to revolutionize the augmented and virtual reality market.
Is fundamental analysis necessary for successful investment, or is it speculation, that arises from fear, uncertainty, and doubt, who dictates the market?
Gates talked about the nature of anonymity of the cryptocurrencies and believes that it is not a good thing.
A decentralized credit network matches offers from investors and fundraised to facilitate the lending process and unleash the full potential of a $600B fractured across crypto-ecosystem.
A bright representative of Asian crypto market is reseeding the attitude towards ICOs as they may harm their domestic investors.
The Rakuten Coin will be a “borderless” cryptocurrency which would mitigate the exchange rate fees and help the company to spread its business globally.
The pseudonym Satoshi is said to have swindled all of his partner’s Bitcoin holdings and has been charged with a lawsuit.
The decentralized messenger e-Chat prolonged ICO till March 1. After that, the e-Chat Ethereum fork may be launched.
WeatherBlock is presenting its decentralized ecosystem for peer-to-peer weather data exchange to solve the problem of incongruent and inaccurate data.
The Full-SegWit support to the Core Bitcoin software has been officially confirmed by core developer Peter Todd.
Circle has expanded its services portfolio through acquisition of digital token exchange Poloniex promising to enhance customer experience.