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.
NFT marketplace X2Y2 has confirmed that it will end operations on April 30th amid declining NFT volumes and network issues.
Bitcoin is facing pressure, as indicated by the MVRV data, which signals that the coin is currently forming a death cross.
Hut 8 Corp. has teamed up with Eric Trump to create American Bitcoin Corp., a large-scale mining venture, with Trump joining as Chief Strategy Officer.
Japan is aiming to regulate cryptocurrencies as financial products by 2026, redefining them as investment assets rather than settlement instruments.
During a town hall meeting, Elon Musk confirmed that Dogecoin has no connection to the Department of Government Efficiency (D.O.G.E), despite speculation.
Metaplanet Inc’s board of directors approved bond issuance worth $13.33 million to buy Bitcoin.
Ethereum’s bearish sentiment has strengthened while the ETH-based investment products in the US ended their four-week outflow streak.
Bitcoin price has fallen to $81,500 as global markets brace for potential volatility with the onset of Trump’s “Liberation Day” tariffs on April 2.
Grayscale files for an Avalanche ETF with Nasdaq, aiming to offer regulated AVAX exposure. Despite the filing, AVAX price sees a correction.
TUT jumped 150% following its Binance listing and Bitget’s Early Hunter Airdrop, featuring the token.
Coinbase will list Binance Coin (BNB) perpetual futures on April 3, raising questions about its impact on BNB price amid increased market volatility.
The Bitcoin Macro Index has started showing signs of bearish divergence raising concerns that Bitcoin may have already reached its long-term peak.
Solana (SOL) may face a decline to $105 if it loses its key support level at $125, according to technical analysis.
Market volatility is at play, with Bitcoin currently trading around the $85,000 range and Peter Brandt backing a potential drop to $70,000
Along with the GameStop stock, BTC price is also seeing some selling pressure, dropping 1.7% today and slipping under $86,000.