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.
The Oct. 30 announcement comes as users report their cards blocked for compliance reasons and deposits frozen for weeks
Trump-linked meme coin company Fight Fight Fight plans to acquire the US operations of Republic.com, fueling a TRUMP price breakout.
As Bitcoin (BTC) and the broader crypto market tumbled, HBAR jumped 7% after the Canary HBAR ETF attracted $2.2 million in inflows.
The fears of a US-China trade war liquidated over a million investors and brought a market crash. Now the deal between the giants is yet to have an impact on the market.
Bitcoin (BTC) slipped to $108K before recovering to $111K as spot ETFs saw $471 million in outflows.
The Federal Reserve reduced interest rates by 25 basis points while announcing an end to quantitative tightening starting December 1st, causing immediate turbulence in cryptocurrency markets.
Ondo Finance brings its tokenized stock trading platform to BNB Chain, offering over 100 U.S. equities and ETFs to global investors after reaching $350 million TVL on Ethereum.
Former FTX US president Brett Harrison returns with AX, a Bermuda-regulated exchange offering perpetual contracts on forex, stocks, and commodities with crypto-like efficiency.
DBS Bank and Goldman Sachs executed the first bank-to-bank OTC cryptocurrency options trade involving Bitcoin and Ether cash-settled contracts.
Binance Wallet now features Bubblemaps technology, enabling real-time token analysis to identify insider trading patterns and suspicious clustering activity.
Jupiter Exchange unveiled Limit Order V2 on October 29, introducing privacy-protected trading with anti-front-running mechanisms and enhanced order management capabilities for Solana traders.
BitGo offers Canton Coin custody with $250M insurance, regulated cold storage, and multi-signature protection.
Payment platform introduces agentic payments concept as it establishes a Milan hub to leverage the MiCAR compliance framework.
ETH price is consolidating around the $4,000 level after a 5% pullback, with analysts predicting a potential rally toward $5,000 post FOMC meeting.
The senators allege the pardon signals white-collar criminals can evade consequences by enriching the president.