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.
Beijing-based Bitmain receives solid investments and now is planning to get into the deep learning arms race producing chips for artificial intelligence.
The price of the digital currency continues to show strong growth and has achieved another historic record, due to the ongoing rise in trading volume.
Paragon believes that Blockchain technology can be the driving force of global cannabis legalization.
In this article we will try to forecast the cryptocurrency market with the bitcoin as an example.
News platform Snip, a decentralized service, delivering user-generated content on any topic, has announced its ICO will start on September 29, 2017.
Previously indicted Russian-based cryptocurrency exchange BTC-e is back online keeping its promise to relaunch the web-site before September 2, 2017.
Starting with Ripple’s XRP token, cryptocurrency retirement fund Bitcoin IRA plans to add further altcoins in coming weeks.
Bitcoin price has topped $4,700 stating a new record and forcing total cryptocurrency market capitalization to exceed $170 billion for the first time ever.
The new blockchain project is aimed at revolutionizing the live music industry, allowing musicians to be paid for their performances in digital currency.
Less than a month after completing a successful crowdsale, an Ethereum-based platform for prediction markets is now preparing for an alpha launch.
Six of the world’s biggest banks teamed up to create a new digital currency ‘utility settlement coin’ for clearing and settling financial transactions.
In its latest update troubled Russian-based Bitcoin exchange BTC-e outlines three-stage process for its relaunch, pledging new information.
Kik Interactive has recently declared the official start of its Kin Token Distribution Event for the sale of its cryptocurrency Kin on September 12, 2017.
AdEx – Snip collaboration is believed to enable the latter to serve high-quality ads at the early development stages, as well as to condition the healthier development of both projects.
Ether prices hit two-month high, other currencies gain in price likewise, and total market cap surges to $160B. All seems to be signalling that something important is taking place.