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.
South Korea accuses its northern neighbor of having hacked its crypto exchanges, which resulted in billions of won stolen.
WildSpark, Synereo’s first product, offers creators of original content an opportunity for direct monetization.
China’s search engine giant Baidu has launched a new game based on Blockchain. “Leci Gou” is akin to CryptoKitties, but here players take care of dogs.
Owing to the risks of over buying and purchasing, banks across the U.S and Europe and banning crypto purchases through credit cards.
Santander will soon be launching a mobile app in Q1 2018 for instant payments powered with Ripple’s xCurrent technology.
Nxt, an advanced blockchain platform and the first currency to run solely on proof-of-stake algorithm, beats basic functional features of pioneering cryptocurrencies.
KuCoin is now the exchange to allow the widest range of Bitcoin Cash trading pairs, and which they believe will tap into a whole new breed of crypto investors.
Inspeer, a peer-to-peer lending service that works with both cryptocurrency and fiat, has announced its $2 million soft cap goal to be successfully achieved.
Having raised 5,000,000 EUR in under 24 hours, French startup NaPoleonX is moving towards its next milestone, aiming to reach 10,000,000 EUR.
Galaxy eSolutions, a blockchain-based ecosystem in the multi-billion preowned and refurbished market, is releasing its very own GES token.
Ms. Wan Jia, CEO of Guiyang Blockchain Financial Co. Ltd. and founder of the ACChain Digital Asset Smart-Ecosystem, has held a presentation at the World Economic Forum.
Bitrewards, a new blockchain-based rewarding platform, is to solve all the mail issues in the current customer rewards system by launching its Pre-TGE.
Matchpool is ready to present its blockchain-based crowdfunding platform fund0x, connecting creators and holders within the same scope
The founders of a well-known cryptocurrency trading service Changelly are ready to present Oxygen, the first blockchain-based repo trading platform.
EBC foundation has announced the launch of KRPEX, a crypto-trading exchange based in Japan, where the company sees the best environment for crypto growth.