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.
In an interview with Coinspeaker Aeron CEO Artem Orange reveals listing plans and talks flight safety and beyond.
Maecenas has created a platform allowing investors to purchase large-scale investments in tokenized portions.
Confideal is the first service allowing individuals and businesses to create anonymous smart contracts without the need to have programming skills.
After successfully completing pre-sale, the company is preparing for an ICO to enable investors around the world earn dividends from its mining returns.
With a blockchain-based lending platform, millions of underbanked people in Asia will be able to access basic financial services and build their financial reputation.
South Korean Financial Supervisory Service follows the recent move of China announcing ban of initial coin offerings.
ProShares, a leading provider of exchange traded funds (ETFs), has recently submitted two new Bitcoin ETFs to the SEC for approval.
Another bitcoin hard fork is to take place soon: new Bitcoin Gold aims to make bitcoin network truly decentralized by demonopolizing mining industry.
TokenDesk, a company based in London and founded by Lithuanian entrepreneurs wants to create the biggest global ICO platform.
Blockchain startup Cindicator raised $15 million during token sale to build the decentralized analytics platform powered by hybrid intelligence.
Famous investor plans to launch $500M Galaxy Digital Asset Fund to become the part of the “largest bubble of our lifetimes”.
Grayscale’s application for Bitcoin Investment Trust has recently been withdrawn by NYSE Arca exchange.
Bitcoin price reaches its “pre-crisis” level despite China’s crypto giant BTCC exchange has stopped accepting yuan and cryptocurrency deposits.
Cryptolocator, an international marketplace for Ethereum trading, will be launched in the middle of October 2017.
AdEx and EloPlay – mutual collaboration to present an ad module that will offer a source of revenue for all of the participants in the advertising marketplace.