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.
Blockbid launches token sale backed by trading exchange that will allow the trading of many cryptocurrencies using one single login.
QuantConnect announced the launch of cryptocurrency support. It became possible due to integration with Coinbase’s Global Digital Asset Exchange (GDAX).
Cryptocurrency market faced significant correction today.
Triforce Token, the blockchain gaming solutions company, continues to strengthen its key industry partnerships by announcing the support of Coventry University Enterprises Ltd., as well as an ongoing IP audit with the UK government in its bid to shake up the multi-billion dollar online games industry.
SGA Consulting is innovative, fully automated service providing trade recommendations for opening and closing positions on the financial markets for profit clients.
UTRUST, a blockchain based payment platform seeking to be the future of online payments, and SOMA, a decentralized social marketplace, have joined forces in order to revamp the classifieds business model.
Here’re the key highlights from this week’s two payment technology conferences – Sibos 2017 by SWIFT and Swell 2017 by Ripple.
Snip-Bancor partnership takes to the next level, rewards investors with free coins in order to add thousands of BNT holders to the Snip network.
The government agencies will have an access to the blockchain technology in the Microsoft’s Azure Government cloud platform to keep their data safe.
Chatbot platform Miniapps.pro teamed up with ICOBox, a SaaS solutions provider for conducting ICOs, to make its blockchain-based marketplace and AI-powered chatbot platform affordable for small and medium-sized enterprises (SMEs).
Wikileaks founder Julian Assange thanked the U.S. government after it pushed companies like MasterCard to block payments to his website WikiLeaks in 2010.
Michael Novogratz and Galaxy Investment Partners have invested into the huge and under the radar Worldwide Asset eXchange (WAX), which looks to disrupt the $50 billion ‘gaming skins’ market.
Russia is to launch its national blockchain-based cryptocurrency named CryptoRuble. Datails still remain scarce, but some information has recently been revealed.
Software giant IBM, regional financial services company KlickEx Group, and Stellar, a non-profit organisation that supports an open source blockchain network, have unveiled a new regional cross-border payments solution using IBM’s blockchain technology.
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