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.
Eric Trump has joined Metaplanet’s strategic board of advisers to assist in advancing the company’s Bitcoin adoption strategy.
US President Donald Trump has continued to make history, re-affirming his support for the crypto industry at the Digital Asset Summit in New York.
Dogecoin (DOGE) is eyeing a massive 16% price increase and has formed an ascending triangle with a bullish target of $0.208.
Binance’s global policy lead, Steven McWhirter, confirmed that discussions about re-entering the U.S. market are not happening at this time.
CZ’s Dog (BROCCOLI) has shot up a massive 50% in the past 24 hours after Binance announced listing of BROCCOLI-related trading pairs.
Uniswap price has climbed 8% to $7, driven by community approval of governance proposals to activate the long-anticipated fee switch.
Ripple CEO Brad Garlinghouse announced ambitious plans for 2025, including a potential IPO for Ripple Labs and a flood of XRP ETF filings coming in H2.
Bitcoin and the broader crypto market suddenly gained momentum after the March 19 US Federal Open Market Committee meeting.
Ethereum faces strong resistance at $2,400 while analysts believe that the cryptocurrency will not fall below $2,000 once again.
If Bitcoin manages to sustain above the key Fibonacci levels, a push toward $90,000 and beyond could be imminent.
Aptos now ranks as the fourth-largest blockchain by daily active users, with surging stablecoin trading volume and growing DEX sector.
Binance CEO Richard Teng refuted reports of discussions between Binance.US and the Trump family regarding a potential stake acquisition.
Ripple CEO Brad Garlinghouse has confirmed the resolution of the lawsuit against the SEC on March 19.
Litecoin (LTC) could continue its descent toward the projected $70 target, claimed analyst Ali Martinez.
Crypto.com is under fire for allegedly influencing a vote to re-issue 70 billion CRO tokens, resulting in an 8% drop in the token’s price.