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, previously dismissive of similar proposals, appears more open under the current administration.
The US SEC acknowledged the 19b-4 filing of Grayscale XRP Trust, which increased the odds of the agency approving a spot XRP ETF in the near future.
Ethereum price remains under $3,000, with Ed Hindi from Tyr Capital noting that the market has reached peak bearishness.
The US spot Bitcoin ETFs have recorded three consecutive days of cash outflows as US President Donald Trump proceeds with tariff wars.
WLFI has invested millions in MOVE tokens and wrapped Bitcoin following the launch of its strategic token reserve “Macro Strategy”.
BitMEX founder Arthur Hayes forecasted that once the market turns bullish, the TRUMP meme token could lead Bitcoin’s rally.
Semler Scientific’s Chair proposes Bitcoin investment as solution for Zoom’s stagnant stock performance, despite company’s $7.7B cash reserves.
Plume Network partners with Backed to integrate tokenized equities into DeFi, enhancing accessibility, yield opportunities, and institutional blockchain adoption.
Klarna’s CEO Sebastian Siemiatkowski reverses his crypto skepticism, announcing plans to embrace digital assets for the company’s global payment platform.
Payment giants are rushing to adopt crypto strategies, with X likely offering crypto payouts by year’s end, says Fireblocks’ Ran Goldi.
The Doodles NFT collection plans to launch a token DOOD that will be hosted on the Solana network.
CEX.IO launches spot trading in the UK, enhances liquidity, ensures regulatory compliance, and adds new assets to strengthen its market position.
TEL breaks key resistance, fueled by a 214% volume spike. With RSI nearing 70, will it push past $0.0090 or face a pullback?
Americans lost over $5 billion to cryptocurrency scams in 2023 alone, with fraudsters using sophisticated methods to create the illusion of profit while victims face devastating financial losses.
JUP buybacks start Feb 17, cutting supply while boosting demand. With price forming a bullish setup, will it break past $1.27?