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.
Bitcoin has a fixed maximum supply of 21 million coins and only ever has a fraction of that actively available for trading.
Jupiter, a leading Solana-based DEX aggregator, confirmed that its X account was compromised but has since been restored.
The majority of institutional investors plans to steer clear of crypto this year.
On-chain data shows Dogecoin whales, with a balance of between 10M and 100M coins, have accumulated over 750M DOGE coins during the recent crypto market correction.
Amid the chances of a bullish crypto market comeback, Ethereum aims to reclaim the $3,000 mark. Driving the bullish hopes, Whales and ETF take the stage. Will this boost drive the ETH price higher to the $3,700 mark?
$16 million worth of these tokens were scooped up from the giant crypto exchange Binance on Thursday.
Arthur Hayes foresees a possible Bitcoin price correction to $70,000-$75,000, driven by political factors.
“He and I are focused on the 10-year Treasury,” Bessent stated. “He is not calling for the Fed to lower interest rates.”
Burwick Law accuses Pump.fun of creating tokens to intimidate clients, interfering with legal proceedings and disrupting justice.
As XRP drops under $2.50, bulls are on overtime to regain trend control. Will the declining XRP exchange reserves and a recovering funding rate enough to propel XRP to $2.83?
Cipollone warns that Europe must act fast to prevent financial dependence on the US
On-chain data analysis shows that Bitcoin whales with over 100 BTCs have been increasing in February as retail traders liquidate, which is often a bullish signal.
Conor Grogan’s research hints that Kraken holds critical clues about Satoshi Nakamoto, who may control over $108 billion in BTC.
Solana (SOL) price has dropped 15% over the week, testing crucial support at $200 for the third time in three months.
Pudgy Penguins recently burnt 12 billion PENGU tokens but the move did not prevent an 11.5% drop in token price.