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.
Crypto finance and lending solution Etherecash has announced the close of its public token sale event, raising a total of over $30 million.
SmartOne announces ICO to bring the disruptive capabilities of blockchain-based enterprise to the legal sector by providing the crypto community with an access to legal services.
Japanese multi-modal transport group, Mitsui O.S.K. Lines, is now investigating possibilities of blockchain technology to perform international transactions.
The company, famous for its secure smartphones, may become one of the most funded ICOs while raising money for Blockchain Smartphone and PC.
Ignite Ratings, Spain-based blockchain startup, is announcing its pre-sale that will start on December 15th running for a week, as well as the main ICO, expected to run from January 15th, until February 28th.
Ripple goes crazy by posting a 100% surge in past 24-hours and now holds a market cap of over $30 billion.
The most controversial person in cryptocurrency world, Australian businessman Craig Wright, has publicly expressed his vision of Bitcoin Cash’s future in 2018.
After Bitcoin’s record rally, India’s Income Tax Authority is carrying out search operations across all cryptocurrency exchanges operating in the country.
Walmart, JD, Tsinghua University and IBM announced creation of the Blockchain Food Safety Alliance, aimed at traceability and safety of food supply chain in China.
With TeachMePlease, people will be able to find educational programs they like from private tutors, schools, and institutions all over the world.
Etherum and Litecoin show tremendous strength in the market, joining this week’s crypto mania party.
After raising $12 million from top investors, the blockchain startup is now looking to collect $50 million in a crowdsale launching next month.
The country that faces Bitcoin frenzy may ban Bitcoin transactions unless they meet strict conditions.
German FinTech company NAGA Group AG is working on a sophisticated robo-advisor called ‘CYBO’ that provides traders with crowd data indexing and market stats.
GMO Internet Group will start using bitcoin salary to remunerate its staff in March 2018.