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.
Binance’s BNB token has skyrocketed 3.5% in the past day but is now facing resistances across various simple moving averages and Fib. levels.
“Need more dapps instead of chains,” stated former Binance CEO Changpeng “CZ” Zhao, emphasizing that the crypto industry is oversaturated with new blockchains that fail to offer real value.
Nasdaq-listed SBC Medical plans to inject 1 billion yen to buy more Bitcoin over the next 2 months.
Crypto exchange trading volume reached $18.83 trillion in 2024, rising 134% from 2023, with Binance leading and Crypto.com growing rapidly.
The Core Foundation has announced a partnership with Aethir to enhance AI-driven applications within the BTCfi ecosystem.
Despite the future outlook, Bitcoin price remains volatile with $66 million liquidated from the market in the past 24 hours.
Despite its very impressive launch, the TRUMP token has since struggled in the crypto market. Prices have fallen over 79% from their January 19 peak.
Phoenix Group has doubled its revenue as mining capacity grew in an epic year of growth for the firm.
Market analysts are closely watching the January US CPI report wherein a lower-than-expected inflation print could trigger a recovery in Bitcoin and altcoins.
Ashish Singhal, the CEO of CoinSwitch, announced that the company’s X account had been compromised but the users’ funds remain intact.
With regulatory approvals and expansion efforts, Crypto.com is bridging the gap between crypto and traditional finance.
The SEC’s delay in decisions, combined with leadership shifts, has led to speculation about the agency’s strategy and its impact on Ripple’s case and XRP price.
According to deputy CEO Enzersdorfer-Konrad, Bitpanda’s UK crypto offering will not be different from what it offers in Europe.
Amid the rising volatility, Lido DAO token holds a critical support level. Overcoming nine days of constant sell-off, will this recovery in LDO price revisit $2.38?
Avalon Labs is expanding its efforts to bring Bitcoin-backed financial products to both crypto enthusiasts and mainstream users.