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.
Bybit approaches full recovery of its ETH reserves, securing funds through loans, OTC trades, and direct purchases after the recent hack.
Bybit exchange has purchased over 100K Ethereum units over the weekend, but the supply of Ether on CEXes has increased in the past few days amid notable fear of further capitulation.
PYTH token has soared 10% in the past week amid the debut of the Grayscale Pyth Trust, an investment product focused on PYTH price.
Litecoin, the quick-to-rise crypto over the past week, hits the top. A bullish failure to break the $138 supply zone results in another negative cycle. Will the increased interest of whales in Litecoin amid ETF approval chances revert the downfall for a breakout rally?
From Bitcoin’s price recovery near $100K to groundbreaking developments in ETF transparency and significant market events, the crypto landscape continues to evolve with notable shifts in industry dynamics.
President Milei’s promotion of LIBRA token led to a massive pump-and-dump scheme, causing billions in losses and triggering legal actions, while he claims he merely “shared” the project.
Despite recent market volatility, experts remain optimistic about Bitcoin’s future. Let’s take a closer look at what analysts say about BTC price and its potential movements.
Bybit experiences a devastating $1.46 billion ETH security breach, with industry leaders including Binance’s CZ stepping in to offer support and guidance on preventing further losses.
Blockchain giant Consensys appeals to SEC Commissioner Peirce, presenting four key arguments against classifying DeFi protocols as crypto exchanges amid ongoing regulatory disputes.
Bybit CEO Ben Zhou reassured users, stating that even if the stolen funds are not recovered, Bybit can cover the losses.
Sora Ventures has extended its Bitcoin investment agenda with a new yield offering dubbed MicroStrategy 2.0.
A prominent South Korean crypto personality has been rearrested alongside an accomplice for orchestrating a massive $47M fraud scheme involving the Artube token while awaiting trial for previous charges.
Sonic (S) token price skyrocketed more than 11% in the past 24 hours, but failed to break the resistance at the $1 price level.
Following SEC’s dismissal of the Coinbase case, attention turns to the complex Ripple lawsuit, with Trump’s administration showing support while legal hurdles remain for swift resolution.
In a significant development for the crypto industry, the SEC plans to fully dismiss its 18-month litigation against Coinbase, with no fines or operational changes required from the exchange.