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.
Secretary of the Commonwealth of Massachusetts ‘William Galvin’ is the latest to join the club of Bitcoin critics with his straight-forward views.
Cryptocurrency and Bitcoin-related terms take top positions in Google’s list of trending searches. “How to buy Bitcoin” takes the third place, giving way to slime and solar eclipse glasses.
Ripple continues to surge ahead and lead the crypto charts even when the overall market is undergoing a significant correction.
Nearly three out of every ten employees in the country have put their money in virtual currency, saying it is the easiest and fastest way to make money.
Bitcoin price sheds by more than 11% in value as South Korean government hints a possibility of a shutdown of the local exchanges.
With the product in mind, the startup decided to move away from traditional ICO model and is focused on the app development, not the marketing campaign.
Yesterday the price of INXT token hit new high of $25,23 showing no sign of letting up: given Internxt’s intention to launch X Cloud Alpha version in January 2018, further price increase is expected.
During first hours of today’s session Ripple enjoyed raise in its value and now, according to data from CoinMarketCap, the Ripple price is hesitating around $1.29.
Bitcoin recovers after several days of great volatility – the price now slightly differs from its opening quote. Experts’ views on what to wait in 2018 are still controversial.
Lightning Bitcoin is the first hard-forked coin that works on DPOS consensus mechanism in order to make Bitcoin transfers lightning-fast.
Founders of the SegWit2x hard fork have revealed the roadmap to bring new functional features solving issues of scalability and privacy.
Winklevoss brothers, who gained global popularity after their trial with Mark Zuckerberg for Facebook ownership, nowadays seem to be major Bitcoin investors, holding about $1.9B in digital assets.
Julian Hosp predicts bitcoin’s hitting $60,000 mark by the end of 2018.
After a major slump and correction, Bitcoin price pulls back giving a major relief to investors.
Companies involved with digital currency related activities will like be banned from trading on the Tel Aviv Stock Exchange (TASE).