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.
The SEC’s decision on the Polkadot ETF could set the tone for broader regulatory acceptance of crypto investment products.
The platform advises users to review the updated leverage and margin tiers to fully understand how it may affect their positions.
Bithumb added Ethena ENA to the KRW market, with trading volume rising over 100% despite the token’s recent price decline.
The hype around its listing on Upbit has sent CoW Protocol native coin soaring by more than 50%.
The crypto market downfall results in a minor pullback in Mantra (OM) price. As the breakout run continues the higher low trend, the rising network activity hints at an extended rally. Will the underlying support drive the OM price to $10?
Telegram’s massive user base, combined with TON’s Layer-2 through Hamster Network, aims to drive mainstream crypto adoption by providing seamless and cost-effective Web3 interactions.
The Dogecoin network has experienced a significant drop in on-chain activity, including a notable decline in whale buying pressure.
According to on-chain data, multiple large transactions involving TRUMP and MELANIA have taken place in the past few days.
After the farming event, RED will be listed on Binance Pre-Market with a temporary price control mechanism.
Bybit exchange is on a recovery mode as the hackers behind the exploit have laundered $250 million of the funds.
The heightened capitulation of XRP long traders in the last 24 hours has escalated the odds of a long squeeze In the coming days.
South Korea’s FIU imposed a partial suspension on Upbit, restricting new users, while Dunamu’s CEO and executives face disciplinary action.
If passed, businesses in Ohio will have the right to decide whether to accept cryptocurrency as a payment method, much like El Salvador’s recent approach to Bitcoin.
Arthur Hayes warned about a potential decline to $70,000 for Bitcoin as large-scale ETF outflows could accelerate the downtrend.
The disappointments from several US states rejecting strategic Bitcoin reserves sent shockwaves to the entire crypto market, with the US spot BTC ETFs bleeding profusely.