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.
As Cardano makes a comeback in the game after being called a ghostchain, the demand continues to grow. With bulls aiming to catapult ADA price to a new height from $1, should you be joining the Cardano rally?
Investors are optimistic Bitcoin price will keep growing, however, retail investor selloff shows otherwise.
The utility-based altcoins have gained significant traction in the recent past since the inauguration of pro-crypto US President Donald Trump.
Elon Musk’s D.O.G.E.-linked announcement has reignited curiosity among Dogecoin enthusiasts amid the token’s stagnant price movement.
Silk Road creator Ross Ulbricht-associated wallets reportedly lost $12 million due to errors while providing liquidity for the fan-made ROSS meme coin on Raydium.
Shiba Inu (SHIB) ecosystem witnessed the burn of 1 billion tokens amid the celebration of the debut of ShibTorch V2.
Bitcoin’s strong historical track record in February adds to the optimism, with analysts expecting a potential breakout toward new all-time highs, possibly reaching $120,000.
The Bitcoin network has grown to a vibrant Web3 ecosystem with over $7.1 billion in TVL, facilitated by the Lightning network and the Taproot-enabled protocols.
Amid increasing whale interest, price of Ethereum jumps overnight. With a potential breakout rally over horizon, should you consider buying more ETH like Donald Trump’s WLF?
Despite his son’s deep involvement in technology and finance, Elon Musk has stayed away from launching a cryptocurrency bearing his name. Errol, however, has no reservations about leveraging the Musk brand for his project.
Solana’s stablecoin supply has surged by 73% in just 15 days, driven by the launch of TRUMP and MELANIA meme coins.
LayerZero has settled with the defunct crypto exchange FTX, confirmed the chief executive Bryan Pellegrino.
Algorand (ALGO) shows potential bullish breakout signal, with analysts projecting major price movements fueled by US crypto policy developments.
Bitwise’s new ETF will focus solely on Bitcoin and Ethereum, with Coinbase as the digital asset custodian and Bank of New York Mellon handling cash custody.
Joseph Bankman and Barbara Fried are actively exploring legal pathways to reduce their son’s sentence, amid growing speculation about potential clemency from Donald Trump.