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.
Blockport, the first social crypto exchange, has collaborated with ARK, a famous provider of innovative blockchain technologies, in order to develop an ‘exchange for exchanges.’
Voise, a blockchain-based solution for the music industry, has officially announced its collaboration with one of the biggest Blockchain PR companies – Bitcoin PR Buzz.
Based on Ethereum smart contracts, the new Fishbank game is expected to educate a wide range of users on how to use cryptocurrency and virtual wallet
We have had serious investors walk up to us and ask if Bitcoin really does make sense. Given this highly volatile cryptocurrency, people aren’t sure whether they will make big monies or end up losing everything. Here are some stories of those, who dared.
Ripple’s ability to provide on-demand liquidity and instant transfer within seconds makes it one of the most preferred blockchain-based payments solution.
Having chosen the strategy of openness and transparency, Fire Lotto is going to change the public attitude towards the lottery industry.
KFC Canada launches a marketing ploy named “Bitcoin Bucket.” Staying inside, Canadian customers can get a hearty meal and pay for it in Bitcoin.
South Korea’s presidential office stated that they have not yet finalized on the reports about a possible ban on cryptocurrency trading exchanges.
Cryptocurrency market is till very volatile in early 2018, with Ether being in the forefront, following bitcoin, the undisputed leader.
ESR Wallet, the universal payment and credit service with support of popular cryptocurrencies, introduces the world’s first universal wallet with blockchain basement, excelling all the other similar projects.
Billionaire and ex-fund manager Mike Novogratz is going to constitute a cryptocurrency “merchant bank” with the aim to list Galaxy Digital on the TSX Venture Exchange and raise upwards of $200 million.
Gimmer will open the world of crypt trading to a wider audience of brokers, offering easy-to-use trading bots that don’t require any programming skills, previous trading experience or in-depth knowledge of cryptocurrencies.
South Korea preparing a bill to draw curtains over cryptocurrency trading operations in the country.
Bitcoin conference has refused to accept cryptocurrency payments for last-minute tickets criticizing currencies’ major weak points.
One of the largest online retailers Overstock.com mixed up Bitcoin and Bitcoin Cash by accident. As a result of the glitch, customers could get a refund in Bitcoin instead of Bitcoin Cash, which meant returning more money than they initially paid.