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.
This acquisition is not Ripple’s first in the US market, as the company acquired digital asset custody firm Metaco in 2023 for $250 million.
PlayDapp has taken matters to the law enforcement after the hacker refused to cooperate in returning the funds. The gaming platform has paused all smart contracts for the moment.
As the overall market conditions got significantly bullish today, XRP broke out from the falling channel pattern.
Gaining access to the Prime program is not open to everyone. It is invite-only and requires a minimum deposit of $1 million, highlighting its targeted appeal to a select group of high-net-worth traders.
Bitcoin price has registered more bullish sentiments before halving this cycle than any other in the past.
At present, Umoja only supports CeFi-based hedging, but with v2 of its beta, it will turn its attention to DeFi.
AggLayer strives to offer uniform security to connect modular and monolithic chains, including those within the Polygon ecosystem.
At its core, DN404 aims to enable seamless fractionalized trading of NFTs. This means that portions of NFTs can be easily traded across different exchanges.
The surge in options trading at prices exceeding $65,000 on Deribit reflects the growing confidence among traders in Bitcoin’s potential for further gains.
AVAX price rallies ahead of the Avalanche Durango upgrade which would go live on the Fuji testnet today. A successful implementation could propel AVAX price to $50.
Amid rising interest in the crypto financial products, the absence of a universally accepted crypto asset index has been a notable gap in the market. Thus, GMCI aims to address this with its new offerings.
CZ pleaded guilty to federal charges on November 21 and stepped down from his position as Binance CEO.
This move signals a resurgence of interest in digital currencies among major Silicon Valley investors after 2022’s crypto crash severely damaged the industry’s reputation.
Bitcoin price has gradually reduced the chances of market correction towards the support range between $32k and $38k before the upcoming halving.
Digital Currency Group repaid more than $1 billion in debt during Q4 2023 as the litigation between DCG’s Genesis and the Gemini crypto exchange continues.