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.
Ethena’s investors purchased its native token, ENA, at $0.40, causing its price to spike to $1.30 in mid-December. However, market fluctuations have since pushed ENA down to $0.41, marking a 51.48% loss in the past one month.
Hedera (HBAR) gained momentum with a 144% surge in trading volume after Nasdaq filed for Canary HBAR ETF with the SEC, potentially opening doors for institutional investment.
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After Donald Trump’s World Liberty Financial took a strategic position in SEI worth $125K, the DeFi token has been on a bounce back. Aiming for the $0.30 resistance, will the SEI price continue to rise towards $0.50?
Bitcoin faced heavy selling pressure with outflows reaching $571 million. A portion of investors even bet against the flagship cryptocurrency, pouring $2.8 million into short-Bitcoin positions.
With a 78% market share, USDC dominates Solana’s stablecoin ecosystem, overshadowing Tether (USDT) and other rivals.
Shiba Inu (SHIB) has slumped below its key $0.000015 support, dropping 5% in a day as its burn rate plunges.
The rising rug pulls in meme coin space have weighed down bullish sentiment for Floki in the recent past amid low demand from whale investors.
Binance will open trading for these new pairs starting from February 25, 2025, at 08:00 (UTC).
The sudden liquidation spree in crypto market cleans a bearish sweep across top cryptocurrencies. Amid the falling coins, XRP nears a crucial support trendline and a breakdown could trigger a major crash.
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The US spot Bitcoin ETFs registered the second consecutive week of cash outflow amid low volatility and a Gold price surge.
Despite the negative outlook, the price of Solana is likely to reclaim new highs once FTX sell pressure clears.
Hackers breached the platform’s system, stealing USDC stablecoins before swiftly converting them into Ethereum and transferring them to a new wallet.
Pump.fun is quietly testing its AMM to offer liquidity pools for its graduated tokens and potentially reduce reliance on Raydium.