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.
Kraken adds NOT and DOGS to its exchange, driving a 26% rally in NOT and reinforcing the TON blockchain’s growing influence.
Donald Trump teased via Truth Social that he plans reciprocal tariffs which could affect developing nations along with Bitcoin.
Taurus selected Solana for its high-speed, low-cost transactions and increasing demand for real-world asset (RWA) tokenization.
OpenSea, an NFT marketplace, has confirmed the debut of OS2, a completely revamped platform for its users.
HTX removes PI token, converting user balances to USDT ahead of Pi Network’s mainnet launch, as speculation and exchange listings grow.
MyShell’s $SHELL airdrop begins post-IDO, rewarding users as its AI-powered Web3 ecosystem gains momentum with top-tier backing.
US lawmakers are pushing for new stablecoin regulations that might impact Tether’s operations in the market.
Binance Coin (BNB) has experienced a 15% rally in the past 24 hours, surpassing Solana (SOL) to become the fifth-largest cryptocurrency by market cap.
The company has already secured regulatory approvals in Italy, Poland, Lithuania, and the UK.
Coinbase announces support for POPCAT and PENGU, leading to price surges and increased trading volumes while introducing perpetual futures trading.
On-chain data shows that most altcoins led by Ethereum and XRP have recorded network growth as Bitcoin traders capitulate.
Exchanges will now be allowed to convert digital assets earned as fees into fiat currency, with regulatory safeguards in place to prevent market manipulation.
The crypto market is in rebound mode, with RLUSD joining the impressive stablecoin market rebirth.
India’s lack of a formal crypto regulatory framework keeps exchanges in a gray area, with financial institutions hesitant to engage due to fear of RBI backlash.
After a solid breakout from the multi-year symmetrical triangular pattern in early November, XRP price entered its first consolidation ahead of the much-anticipated price discovery phase.