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.
Despite the launch, Pudgy Penguins’ price dropped by over 20%, reflecting broader market trends.
The CFTC will get back to basics by hosting staff roundtables that will develop a robust administrative record with studies, data, expert reports, and public input.
Venice AI has showcased its decentralized nature with the launch of the VVV token.
As Toncoin forms a falling wedge pattern with potential bearish implications, developers unveil an extensive roadmap including Accelerator upgrade and L2 solutions.
Mode has introduced Synth, its AI-based prediction tool built on Bittensor.
Ripple strengthens its regulatory position by securing MTLs in New York and Texas, while reporting significant growth in North American operations and transaction volumes.
While some major exchanges, including Binance, have sought alternative regions due to regulatory challenges, OKX and Crypto.com have doubled down on their commitment to Europe.
Shiba Inu (SHIB) price dropped by more than 7.7% in the past 24 hours and a further decline could put the meme coin at the risk of a death cross.
Unlike Worldcoin’s iris scanning method, Humanity Protocol uses palm scanning technology to verify real users while preserving privacy, aiming to combat bots and online fraud.
Following a major crypto market liquidation, Bitcoin showed resilience by recovering above $101k. Meanwhile, MicroStrategy continues its aggressive Bitcoin acquisition strategy through new stock offerings.
The digital asset serves as a gateway to a more immersive and rewarding gaming universe, where gamers can own their in-game assets and creators can build thriving Web3 ecosystems with new monetization models.
Top crypto firms have joined Spanish authorities to freeze funds emanating from illicit transactions.
Despite the impressive developments of last week, Bitcoin and other altcoins have failed to hold the positive trend.
MicroStrategy announced the acquisition of 10,107 BTC for $1.1 billion raising its total Bitcoin holdings to 471,107 Bitcoins.
Despite its historic embrace of Bitcoin, El Salvador has failed to expand its Bitcoin ATM network beyond 215 machines.