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.
Hive Digital Technologies has decided to buy Bitfarms’ 200 MW Yguazu mining facility in Paraguay to reach 25 EH/s by Q3 2025.
PYUSD’s integration into Cardano enhances DeFi liquidity, providing users with new stablecoin options and increasing cross-chain transaction potential.
Solana Staking ETP, sponsored by 21Shares is now live on the SIX Swiss Exchange.
Bessent will lead the department’s efforts as it raises a committee that will come up with recommendations within six months.
ADA has soared by more than 8% in the past 24 hours and is about to retest the significant resistance at $1.
The implementation of a strategic Bitcoin reserve in the United States has gained significant traction with Senator Cynthia Lummis helping President Donald Trump deliver in Congress.
Although the bill cleared the Finance Committee, its journey to becoming law remains incomplete. It now advances to the Senate Rules Committee, where procedures for debate and amendments will be determined.
Bloomberg analyst Eric Balchunas noted that the SEC had not withdrawn Tuttle’s ETF filing yet, suggesting a potential approval.
As Bitcoin crosses $103K, the Ethereum price trend continues its struggle to gain bullish momentum. However, the changing dynamics and the historical price trend hints at an explosive rally beyond $4K.
Ripple’s Brad Garlinghouse pushes for a multichain digital asset reserve while Bitcoin proponents champion BTC’s exclusive suitability as a reserve currency.
XRP’s sharp recovery to $3.12 following massive whale accumulation and regulatory wins signals potential for continued bullish momentum.
Alchemy Pay’s AUSTRAC registration enables expanded crypto services in Australia, strengthening compliance, partnerships, and global regulatory efforts for growth.
OpenSea has launched access to OS2, with only Gemesis NFT holders permitted to access the platform.
Global crypto exchange KuCoin enters guilty plea in US court for operating without proper licensing, marking another significant regulatory challenge for the platform in recent months.
In a significant development for crypto regulation, Senator Cynthia Lummis announces the formation of a specialized Senate Banking Subcommittee, bringing together eight senators to oversee digital asset policies.