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 bitcoin price faced a notable drop on Tuesday, following the Bitcoin Gold hard fork.
Blockchain startup Chain revealed а cloud-based ledger service for managing balances, named Sequence.
When a group of Bitcoin users and companies split the world’s most popular cryptocurrency into two different versions on August 1st, 2017, it was an unprecedented event in the Bitcoin’s 9-year old history. Now just 84 days after that “hard fork,” yet another version of Bitcoin has been created named ‘Bitcoin Gold’.
Regulatory bodies across the globe are tightening the noose over trading of cryptocurrencies or either raising of funds through Initial Coin Offerings (ICOs).
Bitcoin continues to boom, with at least two digital currency hedge funds appearing every week and total value of all cryptocurrencies growing to more than $170 billion this year.
indaHash, a pioneer in the influencer marketing industry, wants to revolutionize the influencer marketing industry with its indaHash Coin’s ICO.
Seven of Japan’s bitcoin exchanges have announced their policies concerning Bitcoin Gold hard fork.
The credit card giant has opened access to its Blockchain APIs to consumers, businesses and banks via Mastercard Developers program.
Bitcoin exchange Bittrex and the world’s most popular bitcoin wallet Coinbase issued official statements about new Bitcoin hard fork named Bitcoin Gold.
Working with blockchain technology is like exploring new lands; as the pioneers of the past once did. This new digital “continent” promises vast opportunities too; and in a similar way it’s set to shake the very foundations of the Old World.
For the first time ever the price of Bitcoin has crosses the $6,000 level.
Three months after successfully closing its token sale, decentralized music downloading and streaming service VOISE launched the alpha version of its platform, which will offer music artists and lovers fully-fledged features and experiences.
SparkLabs Group has established an early-stage fund aimed at blockchain and cryptocurrency startups.
Tokenized video sharing platform Flixxo is to become the anticipated “decentralized YouTube”. The ICO starts in 5 days.
‘Bitcoin is not the new gold,’ Goldman Sachs said in the note to its clients.