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.
Ethereum ETFs recorded their first outflow in over a week as ETH slipped below $4,400, breaking its winning streak.
The crypto market cap is nearly 1% down on Oct. 10 and has reached a level of $4.12 trillion. Let’s take a closer look at the latest market updates.
XRP fell 3% on October 9, testing $2.78 as Bitcoin’s retreat triggered market-wide liquidations. Despite the downturn, trading data shows bulls defending critical support levels.
Grayscale selects Figment as institutional staking partner for Ethereum and Solana products while SOL corporate treasuries climb 22.7% to $2.9 billion.
DapDap unveils StableFlow, a stablecoin bridge offering low-cost swaps across nine networks with just 0.01% fees and minimal slippage up to $1 million transactions.
Bybit becomes the first cryptocurrency exchange to receive full Virtual Asset Platform Operator licensing in the UAE from the Securities and Commodities Authority.
Polygon Foundation and Swiss-regulated crypto bank AMINA have inked a strategic deal to offer institutional staking services to users.
Ripple Labs has entered a partnership deal with Bahrain Fintech Bay (BFB) to extend its operations in the Middle East.
Short-seller Kerrisdale Capital announced a short position on BitMine (BMNR) stock, warning that its premium to NAV has sharply declined.
Market analyst Charles Edwards has urged Bitcoin lovers to put an end to the threat of quantum computing by 2026.
Citibank has backed London-based stablecoin firm BVNK, signaling Wall Street’s growing confidence in the stablecoin sector.
The Mantle price rally to all-time highs comes with daily trading volumes up 75% to $840 million, signaling strong bullish sentiment.
The Zcash community is bullish on the token, expecting a new all-time high, but there’s a massive twist they’re not seeing.
BNB is testing the $1,300 mark again amid renewed investor confidence following Binance Japan’s partnership with PayPay Corporation.
SOL price eyes a breakout from the cup-and-handle pattern, eyeing $400 rally with the Solana ETF launch likely coming soon.