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 advertising network AdEx announced a partnership with video distribution company Flixxo
Opporty wants to build the first lead generation platform that supports small and medium-businesses in their struggle to overcome major challenges.
David Drake, the Chairman of LDJ Capital, will advise ICOBox on the key market aspects, including the industry’s legal regulation, international business development, and investor relations.
Four banking giants have joined IBM-led and UBS-backed initiative to create a new global trade finance platform Batavia.
A Greek court has cleared the US extradition of Russian citizen Alexander Vinnik, the alleged former operator of bitcoin exchange BTC-e, arrested in Greece on July 25.
Templum announced today that it has partnered with Liquid M Capital to launch a digital asset platform that would for ICOs regulation.
Switzerland-based startup Eidoo creates a multi-cryptocurrency wallet and a hybrid exchange in one extremely easy to use app to bring the crypto world to the end user.
Larry Fink, The CEO of the world’s largest asset manager sees ‘huge potential’ in Cryptocurrencies.
The news about Goldman Sachs CEO Lloyd Blankfein consideration on bitcoin was announced a day after Goldman’s statement about readness to create bitcoin trade services.
Industry top analysts express their optimism regarding bitcoin’s short-term price trend, saying its price may reach $6,000 by the end of the year.
The new platform can save the digital advertising industry up to $110 billion wasted each year on non-human traffic and other fraudulent activities.
Enterprise software firm R3 has introduced version 1.0 of Corda distributed ledger platform and, with it, core API stability.
BitProperty, a blockchain-based platform for real estate investment, is launching a closed beta on October 5th, 2017. Ten days afterwards, BitProperty will launch a token sale campaign to raise funds for further development of the solution.
If blockchain technology wants to continue to enjoy widespread business adoption it needs to address some of the wider issues that have caused concern in the community in recent months, such as delayed transactions and slow processing times
The US State Department and interagency partners will hold a forum on Blockchain on October 10, 2017.