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 developed a fintech platform, suitable for everybody, from individuals to investors and enterprises. The ICO is currently running.
Bitclave, decentralized search engine powered by blockchain, makes one’s personal data valuable, creating an incentive for sharing.
The goal of the new partnership is to increase the usage of Viberate’s tokens by simplifying the complex process of acquiring virtual currencies.
SafeIn, market viable decentralized app, intends to revolutionize the way ID and background checks are done on trading and investment platforms.
After launching Petro, Venezuela’s President announced new ‘Petro Gold’ cryptocurrency. He considers it a means of combating the U.S. sanctions, while the U.S. warns about risks for investors.
The transactions costs on the Bitcoin network have gone lowest in the past six months due to the reduction in network congestion as well as with the implementation of the SegWit support.
Scandinavia-based cryptocurrency trading platform F1Cryptos has announced its eagerness to adopt Hada Coin developed by Hada DBank.
Cryptocurrency trading platforms now have a serious competitor: Robinhood Crypto offers services to its users absolutely free of charge.
In today’s dramatically growing Internet of Things (IoT) driven next-gen economy, blockchain-based platform SyncFab wants to decentralize manufacturing process.
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Bitcoin is not the only cryptocurrency suffering from the drop – the whole cryptocurrency market goes down for no evident reasons.
The Securities and Exchange Commission charged former cryptocurrency exchange BitFunder and its founder with fraud. Jon Montroll tried to cover up stolen currency and lied about knowing when theft occurred.
While investors strongly need a one-stop solution to trade diverse assets on different exchanges, Pinnacle seems to be all set to deliver one.
As Telegram plans for another secretive presale fundraising for its TON project, critics are making sharp remarks about the technical details of the project.
Bitcoins that are worth nothing. No, it’s not a joke. It’s a glitch that occurred at one of the Japanese cryptocurrency exchanges.