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.
Zcash (ZEC) price defied market turbulence Saturday, soaring 30% to a four-year high as Trump’s China tariffs reignited privacy coin demand.
BNB price showed rare resilience in Saturday’s $34 billion crypto market crash, holding above $1,000 despite intensified liquidations.
XRP price plunged as much as 42% to an intraday low of $1.54 during the recent crypto market crash, but has rebounded to $2.46 amid whale buying.
Galaxy Digital has secured $460 million in private investment from the world’s largest and most sophisticated institutional investors.
The crypto market’s liquidation hits $19.35 billion, marking the largest of such events in the industry’s history.
The Ethereum Foundation partners with Keyring Network to fund legal defense for Tornado Cash developers Roman Storm and Alexey Pertsev through protocol fees.
Nine major banks including Goldman Sachs and Deutsche Bank are collaborating to create reserve-backed digital money on public blockchains, focusing on G7 currencies.
Cryptocurrency markets suffer massive losses as Trump escalates trade tensions with China over rare earth minerals, with long traders bearing the brunt.
Bittensor surged 21% following Digital Currency Group’s strategic $10 million investment, outperforming major altcoins amid broader market weakness.
Kalshi secured $300 million in Series D funding at a $5 billion valuation, tripling its worth since June, and is now expanding its prediction market platform to over 140 countries.
Litecoin price has gained 15% to hit $130. LTC has entered the top 20 cryptocurrencies, with a $10 billion market cap.
Privacy coin Zcash has gained up to 40%, reclaiming the $200 resistance level in the last 24 hours to trade at a new high of $230.
Bitcoin’s strong ETF inflows and resilient price action have analysts confident that the cryptocurrency could soon surge to the $150,000 mark.
Coinbase CEO has publicly condemned a new DeFi market structure proposal from Senate Democrats, calling it a threat to innovation and the US crypto industry.
ADA is consolidating near $0.81 as bullish sentiment grows after a major network upgrade, with analysts eyeing a potential surge toward $2.