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.
Mubarak, a new meme coin on BNB Smart Chain, recorded a significant selloff despite the listing announcement from Binance, the largest crypto exchange by trading volume.
Stablecoin giant Tether has announced two major investments in Be Water, an advanced digital media firm and Adecoagro.
Cardano price dropped 4.68%, with Bollinger Bands on the 12-hour chart tightening, signaling potential volatility ahead.
Ripple has partnered up with Chipper Cash and eyes expansion in Africa, while reducing the time and cost of payment settlements.
Linear Finance has announced that it will be shutting down its operations due to financial troubles, resulting in LINA dropping by a massive 25%.
A recent Bitpanda report has highlighted the state of crypto adoption in the European Union with clear differences in retail and bank customer demands.
XRP price faces strong selling pressure after bulls fail to surpass the $2.50 resistance level, as bear strike shows strength with daily trading volumes up by 15%.
A crypto whale’s massive PEPE accumulation comes alongside a 6% dip, with analysts predicting a parabolic rally ahead.
After a brief cool-off, Donald Trump announced a 25% tariff on auto cars is coming, offsetting Bitcoin, Dogecoin, and XRP rallies.
Inspired by the Ghibli Anime AI trend, Solana-based meme coins, including Ghiblification (GHIBLI), have gained significant traction, hitting $20.8 million market cap.
HyperLiquid delisted the JELLY token after detecting suspicious activity by a trader while making $1 million worth of funds inaccessible for the exploiter.
The Blockchain Group has bolstered its Bitcoin treasury with a $50M purchase, as analysts eye a potential BTC rally toward $95,000.
Ethereum finally deployed its Pectra upgrade on the Hoodi testnet. However, ETH price still gained downward momentum.
Strategy (formerly MicroStrategy), the top Bitcoin accumulator, has announced that its new funding instrument, Strife (STRF), has gone live on the Nasdaq market.
Shiba Inu burn rate jumps 8,400% as SHIB price increases by 15%, eyeing entry into the top 10 digital assets.