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 Solana network has gradually outperformed Ethereum in DeFi activity, whereby over $1 billion has been bridged from Ether to SOL in the past month.
In a key note to investors, Binance CEO Richard Teng has hinted that the current market volatility is temporary.
With one eye on its global expansion efforts, Coinbase will now be keen to maximize its recent registration approval with the FCA for growth.
A large DOGE transfer to Binance coincided with a 13% decline in DOGE price and a broader 15% drop in the meme coin market.
The majority of validators and other governance members voted in favor of converting debt into equity, moving forward with the TCY issuance.
Bitcoin led digital asset inflows with $486 million last week, while BlackRock’s IBIT topped Bitcoin ETFs with $40.48 billion in cumulative inflows, contrasting with Grayscale’s $21.89 billion outflows.
Argo Blockchain’s interim CEO invested over 70,000 shares at an average price of $0.4617 each.
The rising ETF inflows have been largely linked to the positive sentiment surrounding President Donald Trump’s return to office.
In the crypto market bloodbath, Bitcoin and Ethereum are down at key levels with rising bearish risk. With strong hands and smart traders buying the dip, will the market take a quick turn?
The meteoric rise of XRP price during the fourth quarter of 2024 has significantly reduced year-to-date as the Donald Trump-induced crypto rally cools down.
The Bitcoin Kimchi Premium is reflecting the true state of the market amid 6% drop in the price of BTC.
Binance has extended a partnership hand to its users in its fight for security across its platforms.
The Relative Strength Index (RSI) for the Shiba Inu (SHIB) price action reads a value of 24.94, which means that the bears are now in control of the altcoin’s price action.
Tokens worth over $400 million are set to enter circulation this week amid the ongoing crypto market turmoil.
As President Trump’s decision to impose high tariffs on multiple countries and intergovernmental organisations, the global markets are bleeding heavily. Will the market crash amid growing uncertainties with Trump’s hot-headed measures?