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.
Tether is yet to come clean on its alleged involvement with Bitfinex exchange and issuing USDT tokens which are alleged to have been not backed by the U.S Dollar.
According to BTCC founder, the acquisition is a major milestone as it will help the exchange to grow virtual currency adoption and expand its business worldwide.
An international digital asset exchange council has been formed as a step towards the adoption of global standards for tokenization of assets and to improve regulatory measures for asset exchanging and digitization.
A cryptocurrency exchange Bitto is here to diversify obvious crypto exchange’s operations, and make crypto trading more people-oriented. ICO is live.
Two startups are teaming up with a view to offer one of the first insured, commission-free solutions for short-term home sharing.
While the market continues to achieve new record highs, it’s becoming more and more challenging for ordinary, esp. novice investors to make a profit.
The only way to resolve institutionalized failure is to disrupt the industry and blockchain technology can help with this.
South Korea’s regulatory ban on anonymous crypto trading finally goes into effect starting today and many participants back this decision.
The platform sets an ambitious goal of creating the source of transparent and trustworthy real-time data for cryptocurrency trading and brings on board the community of blockchain enthusiasts to work together with professional experts.
Bitplay Club, a blockchain lottery operator, to bring the transparency and clarity of the game to the whole new level.
The collaboration between the two cryptocurrencies will pave a path for cross-chain atomic swaps which is the most awaited development for the year.
Ethereum-based advertising platform Clear Coin aims to battle fraud and extra costs in the industry, while assisting in product promotion and registration of transactions between publishers and advertisers.
PlusCoin, a decentralized crypto-cashback service based on the Ethereum blockchain, has announced that its PLC tokens can be officially traded on on popular exchange Etherdelta.
International e-commerce site FLOGmall was created for users from all over the world, who sell and buy various products and services with tokens.
This company launched food delivery platform Foodout that showed 6227% growth in 3 years and is now ready to create the next-generation on-demand delivery market.