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.
The team behind the bitcoin scaling solution continues the project implementation and has already created a set of new features to improve the network.
The overall cryptocurrency market valuations cross $600 billion beating some of the major industry giants.
Combining the features of Telegram, Blockchain, and Coinbase, the new platform wants to make cryptocurrency transactions as convenient as possible.
The US regulations of gambling will be implemented on the Internet via the blockchain technology.
The Stamps Equity Token Platform is providing a revolutionary alternative to the more complex ICO models. Next step in the evolution of fundraising.
Apartment of Anatoly Kaplan, the founder of ForkLog, and ForkLog’s Odessa office were searched by the agents of Ukrainian security service (SSU).
Diamond coins are gaining popularity owing to its recently developed Masternode Technology, which grants its users 65% of network rewards with 0% commission on cloud mining.
The analyst who predicted the exponential growth of bitcoin in July 2017 claims that bitcoin can increase its high twentyfold.
On the very first day of launch, CME Bitcoin Futures contract open above $20000.
British Virgin Islands-based retail startup Benebit uses an app and physical card to allow users to collect loyalty points, exchange them for Benebit tokens, and spend them at all of customer’s favorite online stores.
On 18th of December, TD Ameritrade Holding Corp., a well-known investing and trading platform, will enable its brokerage clients to trade bitcoin futures.
Bitcoin hits new all-time high of $20000 a day before CME futures contract goes live. Here is what you should know when deciding between CBOE and CME contracts.
BetterBetting is all set to revolutionize online gaming and sports betting industry through its innovative betting cryptocurrency – BETR. ICO is live.
CryptoKitties – a viral game based on the Ethereum blockchain has encouraged to create similar concept games with digital or crypto collectibles.
Bloomberg decides to add three altcoins – Ethereum, Litecoin and Ripple – to its terminals after the cryptocurrencies showing significant strength in the market, this week.