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.
Blockchain-based betting platform XWIN CryptoBet aims to create more stable, secure and transparent system for both players and bookmakers.
While investors are doing their best to keep pace with the rapid changes in the crypto market, indecent officials in South Korea are trying to profit from insider information.
Reality Shares Advisors and Amplify Trust ETF launched BLCN and BLOK ETFs — the first blockchain-based exchange-traded funds. The trading started on Nasdaq and the New York Stock Exchange Arca yesterday
Over the last 5 trading sessions, Ether price has been sharply decreasing. This can be explained by both fundamental and technical factors, with fundamentals prevailing.
Cryptocurrency is the most obvious, but not the only innovation brought by the Blockchain technology, which has already provided major breakthroughs and is slowly shifting the way society operates.
Chinese cryptocurrency exchange OKex has listed VIU, native token of the blockchain-based video sharing platform Viuly.
Please, check out the price analysis of some of the top altcoins – Bitcoin Cash, Ethereum, NEM, NEO, and Stellar.
ARK, a new cryptocurrency ecosystem focused on consumer adoption, has recently announced its sponsorship for two big conferences – the North American Bitcoin Conference and the Hack Cambridge Hackathon.
The San Francisco-based tech company has started the trial of its new payments processing technology with the launch of an online Blockstream store.
ACChain extends the ICO for its A-SDR global basket project aiming to create an international digital currency reserve asset.
The startup Game Machine meets the need of both gamers and investors by providing online platform, which bridged gaming industry with promising blockchain technology.
Despite all the limitations on cryptocurrency mining and trading from the government, Alibaba, a Chinese e-commerce giant, has launched a cryptocurrency mining platform.
With a new decentralized platform, Zeepin intends to transform the world’s creative industry, solving the problems related to copyright protection and project financing.
Blockchain-based apps platform Qtum has partnered with Beijing-based company 360 Finance to set up a blockchain lab.
Kay Van-Petersen believes that 2018 can bring Bitcoin a significant rise and expresses support for the future of Ethereum.