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.
As HERE is a self-custodial app, it means that users hold the private keys to the wallet on their own.
Tron users will be able to participate in re-staking initiatives in major Bitcoin L2 networks.
Backed by South Korean internet giant Kakao and Japan’s messaging conglomerate LINE, Klaytn and Finschia are positioned to lead the way in blockchain innovation across Asia.
During their campaign, Prabowo and Gibran outlined plans to further support the crypto industry.
BONK’s governing council has passed Revolut’s “Learn and Earn” campaign initiative. The memecoin plans to leverage Revolut’s market presence to expand its user base globally.
Citi highlighted that it will continue to develop digital assets solutions in a bid to enhance its products in a regulated manner.
Multiple crypto stocks jumped in premarket following Bitcoin’s continuous rise past the $51,000 mark as ETFs receive large inflows.
The Binance Web3 Wallet strives to simplify users’ experience and convenience as they transition between CeFi and DeFi with extra options on the DeFi side.
Optimism about Bitcoin price prospects is palpable among industry figures. Arthur Hayes has predicted a BTC climb to $70,000 by year-end, emphasizing his bullish stance on Bitcoin’s prospects.
Despite a broader market uptrend, The Sandbox’s SAND token dipped around 3%.
The eligibility pool for STRK token airdrop comprises more than half a million Starknet wallets and over 600,000 StarkEx wallets.
Forbes’ recognition of Chainalysis, Fireblocks, and Gauntlet underscores the growing significance of cryptocurrency and blockchain technology.
The timing of Starknet’s STRK token airdrop coincides with a broader trend of token distributions within the crypto space.
Having secured $10 million in strategic funding, at a time the web3 industry and digital assets are getting mainstream adoption, Fordefi has announced the latest Wallet-as-a-Service (WaaS) offering.
The integration enables users to retain their preferred payment methods in Coinbase, including ACH, Visa, Mastercard, and Maestro.