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.
Decentralized Home Rental Platform Rentberry wants to transform online rental market using blockchain technology.
European continent proves to be the hotspot for financial innovation and has contributed almost half of the $3.8 billion ICO funds to the cryptocurrency markets this year.
The first cryptocurrency payment for advisory service accepted by PricewaterhouseCoopers became an object of intense interest as bitcoin continues its rise.
Bitcoin loses 20% amid reports of U.S. courts ordering Coinbase to disclose 14000 transactions, which are above $20000, to IRS.
Decentralized advertising network AdEx and travel media company Ink will continue blockchain-based auction for ad spaces on easyJet boarding passes.
In the latest euphoria about Bitcoin hitting $10000, silent achiever – Dash – has proved to be the underdog with its price surging by 200% in just last one month.
World’s second largest exchange – Nasdaq Inc – is reportedly planning an entry into the Bitcoin futures space by the second quarter of 2018.
PlusCoin, a decentralized Ethereum-based cashback platform, offers 20% discount on its new tokens last Friday each month till the launch of their platform.
The company is aimed at driving the worldwide adoption of the digital currency, allowing users to monetize their knowledge and time via a new blockchain app.
Bitcoin’s price briefly hit a new record on Wednesday, by breaking$11,000 barrier.
IOTA’s new data marketplace for Internet of Things (IoT) Industry based on the technology that is claimed to go beyond blockchain tech promises to break the limits of data usage we face today.
Blockchain-based gaming platform Gameflip aims to disrupt gaming marketplace guaranteeing users true ownership and flexibility to liquidate their goods in a fraud-free, liquid ecosystem.
TechCrunch Founder Michael Arrington announced launch of a new $100 million cryptocurrency hedge fund called Arrington XRP Capital.
Tigereum is working on an interesting project of using social media for sending and receiving cryptos instantly and chip-in more user participation into the mainstream.
Tokyo-based bitFlyer, world’s largest Bitcoin exchange, has recently received an approval-nod from the New York Department of Financial Services (DFS) to start its operations in U.S.