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.
Hyperliquid is working on rolling out a major upgrade dubbed Hyperliquid Improvement Proposal 3 (HIP-3), which will boost perp market deployment.
BNB price gained 15% in the past 24 hours, leading the crypto market recovery, as daily trading volumes surged to $11 billion.
Kiyosaki praised Trump’s decision to include crypto in 401(k) plans, vowing to expand his investments in Bitcoin, Ethereum, and other hard assets.
Read this article to find out whether the crypto market is poised for a rebound after its recent crash over the weekend. Let’s explore the recent trends on Oct. 13.
Solana price rebounded above $190 as rising DEX trading activity and surging derivatives open interest signal renewed bullish momentum.
Some investors immediately gear up for a market-wide push as liquidations see a significant decline.
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.