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.
UNHASHED, a new cryptocurrency education platform, has recently disclosed its new website available for all crypto enthusiasts.
The Internet is going to be expanded all over the globe. MeshBox is here to solve the problem of poor or zero Internet connection.
The first “Kosher” ecosystem named BitCoen has been launched in Israel. The first token sale has reached $2 500 000.
The robotics firm Kepler Technologies has presented its very own blockchain-based platform aiming to build an international AI and robotics ecosystem.
Trading gets easier as a new platform is set to detect trends on crypto market by analyzing social media and using machine learning based predictions.
HADA DBank will fuse Islamic banking module with blockchain technology to let everyone enjoy the benefits of its transparency and risk sharing.
The MCC code changes made by the card issuers and the card networks resulted in charging extra fees to the customers.
Coinbase, the largest cryptocurrency exchange and wallet provider in the U.S., has launched a PayPal-like plugin. Coinbase Commerce allows to make Bitcoin, Bitcoin Cash, Ethereum and Litecoin payments.
The company creates the platform where the best ideas of VR content will become actual simulations – and attracts first users offering 25% bonus during the pre-ITO.
ATF is the first token that allows the blockchain community to have easy access to advanced technologies in automated agro cultivation equipment manufacturing.
ARK announces its next update to API V2, fully RESTful and compliant to the JSON API specifications, facilitating and improving all the current processes.
The CFTC is looking for a collective effort from several private as well as government players in order to form the regulatory framework around cryptos while protecting investor’s interests.
Please, check out weekly technical analysis of Litecoin (LTC) price prepared by Dmitriy Gurkovskiy, a chief analyst at RoboForex.
The Saudi Arabian Monetary Authority (SAMA) is the second biggest banking institutions to adopt blockchain technology after the Bank of England.
Aditus, the world’s first decentralized luxury access platform, had successfully completed the cryptocurrency payment at Art Stage 2018 expo in Singapore.