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.
HamsterVerse, headlined by Hamster Kombat: GameDev Hero, has officially launched, introducing interconnected games and enhanced tap-to-earn mechanics.
The verdict sets a key precedent that could influence future legal classifications of virtual assets in South Korea.
As Utah takes the front seat in adopting Bitcoin as a reserve asset, other states, including Florida, Maryland, Pennsylvania, Ohio, and Oklahoma, have also moved to establish Bitcoin reserves.
On-chain data shows that Chainlink whales have accumulated more than $20 million worth of $LINK in the past 24 hours, thus currently holding 191M tokens.
Former SEC enforcement chief John Reed Stark has suggested that the US SEC may pause its appeal in the Ripple lawsuit, signaling a broader retreat from aggressive crypto enforcement.
Despite a 54% decline in BONK’s monthly price, analysts see potential for a reversal if the token holds the $0.0000091 support level.
Maker (MKR) has faced a strong resistance at $1,220 and reclaimed the 20-day EMA after a strong bullish move.
The two tokens in the spotlight have plummeted 60-80% from their peak over the past week.
Rising against the bearish tides in the crypto market, Mantra (OM) crypto is on a high momentum bullish move. Creating a new all-time high, the bulls target a potential rally to $15.
The US spot Bitcoin ETFs have continued to bleed despite the cash inflows to BlackRock’s IBIT, thus weighing down the bullish sentiment.
Ethereum’s transaction fees have seen a major drop, and analysts suggest that this could lead to a bullish market shift for the cryptocurrency.
Bitcoin price signals bearish trend, dropping below $94k amid market volatility. Meanwhile, Strategy announces $2B note offering to acquire more BTC despite the correction.
Bitcoin is trading below $95,000 as the Coinbase Premium Index turns negative, indicating retail selling pressure despite growing institutional adoption through ETFs.
With the multiple licenses, LTP HK can now offer securities trading, futures contracts, asset management, and advisory services to hedge funds, proprietary trading firms, and asset managers.
The SEC has acknowledged Cboe BZX Exchange’s filing to list Bitwise XRP ETF, with analysts predicting high approval chances. The decision follows SEC’s implied classification of XRP as a commodity.