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.
Small-cap healthcare tech company Semler Scientific has significantly increased its Bitcoin position through a major acquisition, funded by convertible notes and asset monetization.
A mysterious reactivation of a 15-year-old Bitcoin wallet has sparked widespread speculation, including unverified ties to the recently released Ross Ulbricht.
Onyxcoin’s native token XCN experiences a remarkable surge following the launch of its Layer 3 blockchain network. The new XCN Ledger promises to revolutionize financial applications with enhanced features.
FTX will begin repaying creditors with claims under $50K starting February 18, 2025 – based on deposit values from November 2022 when Bitcoin was around $17K.
$PAIN meme coin project achieves unprecedented success by raising 187,774 SOL in a two-day presale, amid growing interest in Solana-based meme tokens.
Neptune Digital Assets bought 20 more BTC and 1 million Dogecoin in the latest proof of long-term support for the assets.
Binance will remove three BTC trading pairs from its platform on February 6, 2025, while maintaining the individual tokens’ availability through other trading pairs.
Phishing losses dropped in January, but malware attacks surged, with social engineering scams targeting Coinbase and crypto wallets.
As an AI-themed meme coin on the Solana network, ACT has attracted more speculative crypto traders ahead of the much-anticipated altseason in the near future.
Galaxy Digital now offers staking services in conjunction with BitGo despite legal battle history.
Following major protocol upgrades like the Dencun upgrade and the proto-dank sharding initiative, the gas limit increase is designed to reduce congestion and lower transaction fees, allowing the network to handle more complex operations.
With the crypto market facing intense bearish pressure, a short breeze of bullish recovery in Cardano hints at a rise to $1. Is the recovery run in Cardano inevitable?
Crypto analysts note that POL needs to reclaim the $0.364-$0.509 range to prevent further sell-offs and stabilize its value.
Solana reveals strong support under $200 resulting in a sudden bounce back and a potential rise to $250 on horizon. Amid the possibility of a new bull run, should you consider buying SOL?
Bitcoin shot up from the $91,000 price level in the past day and claimed a high of $102,000 while altcoins also soared.