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.
A new blockchain adaptation will allow regular mobile customers passive earnings from selling the unused SMS. The Birdchain app will sell unused customers’ SMS to businesses.
Startup Tether is the fresh victim of online malicious attacks reporting tokens worth $31 million being stolen from its wallet.
German startup CoinTracking aims to facilitate the monitoring of cryptocurrencies trading by offering its users a breakthrough tracking service.
Using innovative technological solutions, CEDEX wants to transform the current diamond industry, making diamonds a transparent and fungible investment asset.
LedgerX, a federally regulated exchange and clearinghouse, has announced the first long-term Bitcoin option pegged at a price of $10000.
CME and CBOE Group has recently revealed the specifications of their Bitcoin future contracts which has further fuelled the prices of the cryptocurrency.
The Bitcoin euphoria sweeps the cryptocurrency market as price touches an all-time high of $8100 with investors showing more confidence in it. $12,000 Bitcoin price is projected for early 2018.
Amidst all the confusion relating to the SegWit2x hard fork, it has been confirmed that the hard fork has failed to go through in its scheduled time.
Transiting from leisure industry to a professional atmosphere has seen the sports and gaming industry rise exponentially both in revenue, participation and organisation.
The idea of digital cash gained substantial popularity since 2008, when Satoshi Nakamoto created the cryptocurrency based on blockchain, Bitcoin, which, almost a decade later, is valued over $7800 per coin.
LiveEDU is developing a completely decentralized online-learning platform on the blockchain network that imparts real-life project-based learning. LiveEDU ICO will go live next week from Nov 21st.
By offering advanced security measures, the service is expected to encourage big investors, like hedge funds and sovereign wealth funds, to embrace the virtual currency.
In a fresh new twist in the plans of SegWit2x hard fork, there is every possibility for the hard fork to go through in the near time.
Human Discovery Platform predicts bitcoin price fall after February 18th, 2018 and emergence of the new technological solutions from November, 2019 till May, 2020.
CEO of NAC Foundation, LLC, Marcus Andrade paves the way for his AML compliant cryptocurrency – AML BitCoin, to gain massive adoption at the level of governments and financial institutions.