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.
OM records a major spike in transfer volume, while the token’s price hovers around $7.37.
In January, THORChain paused Bitcoin and Ethereum lending to prevent misuse, as part of a $200 million debt restructuring.
Silicon Valley Representative Sam Liccardo proposes legislation banning government officials from launching cryptocurrencies after President Trump and First Lady released meme coins that rapidly rose and collapsed.
FBI officially attributes February’s record-breaking $1.5 billion Bybit cryptocurrency hack to North Korean state-sponsored hackers who used sophisticated deception techniques targeting cold storage.
Despite increased selling pressure, Ethereum traders anticipate a bullish swing as per the derivatives data. However, the ETH price trend warns of a potential breakdown. Will this lead to another massive liquidation spree?
Blockchain is transforming sports, boosting fan engagement, athlete monetization, and digital collectibles. Projects like Chiliz, Atleta Network, NBA Top Shot, and STEPN lead the way.
While the recent rally may also be connected to an earlier airdrop by KAITO, the Coinbase listing has given the coin a positive market sentiment.
Bybit received in-principle approval in the UAE, advancing its regulatory efforts while continuing expansion and strengthening compliance across key markets.
CryptoQuant CEO Ki Young Ju believes a Bitcoin price drop below $77,000 is unlikely, citing on-chain indicators fluctuating at the bull-bear boundary.
Shiba Inu’s token burn strategy has fueled investor optimism, with a 1,300% burn rate spike and a price uptick of 4%.
Former Binance CEO Changpeng Zhao shifts focus from leading to mentoring crypto entrepreneurs, stating “I won’t start a new project. Will help other founders.”
Following a bearish patch for weeks, SEI is positioning itself as a high potential altcoin to lead the market reversal. With a potential breakout rally ahead, is SEI the best token to buy right now?
Ripple Labs and South Korean crypto custody provider BDACS have formed a strategic partnership to deliver secure infrastructure for institutional players in the region, supporting assets like XRP and RLUSD.
BlackRock’s spot Bitcoin ETF fund IBIT has recorded its largest single-day outflow of $418.1 million amid broader crypto market volatility, though it maintains dominance in the US market.
As the altcoin market cap and Bitcoin collapsed in the past few days, a trader is facing liquidations worth $25 million.