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.
Michael Saylor’s Strategy (MSTR) plans to raise $21 billion via a preferred stock offering to fund Bitcoin acquisition.
The market-wide investor sentiment is seeing a strong bearish momentum after the crypto liquidations chart skyrockets.
Vietnam plans a pilot project for a digital asset and cryptocurrency exchange to boost economic growth.
President Trump hosts the first crypto White House summit, bringing together top crypto leaders to discuss Bitcoin reserves
Trump signs an executive order to create a U.S. Bitcoin reserve, storing seized crypto as a long-term asset.
Scammers hacked NBA and Nascar’s X accounts, spreading fake crypto launch claims.
Iridia makes history by placing blockchain data on the moon using DNA storage technology.
Opposition politicians in Argentina push for President Milei’s impeachment after his endorsement of the $LIBRA cryptocurrency led to massive losses.
Morocco and Hong Kong issue warnings about fake crypto accounts impersonating officials to promote scams.
Scammers in Kent stole £1 million by tricking victims into revealing crypto wallet seed phrases.
Bybit lost $1.5B in a cyberattack linked to North Korean hackers. The breach stemmed from a compromised Safe{Wallet} developer machine.
Ripple has launched the National Cryptocurrency Association (NCA) to educate Americans about cryptocurrency through resources like educational materials and real-life stories.
Donald Trump’s $TRUMP coin lost $12 billion in market value, while his U.S. crypto reserve announcement sparked a brief market rally.
Trump announces a U.S. crypto reserve with Bitcoin, Ethereum, XRP, Solana, and Cardano, boosting market interest and signaling institutional adoption.
The SEI network marks a significant rise in DEX volume to hit a record volume of $65 billion. However, it fails to reflect demand to drive the SEI market price higher. Will the altcoin manage a breakout rally amid rising DEX volumes?