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 resurgence in Bitcoin price is partially credited to the uptick in holdings among whale wallets containing over 1,000 Bitcoins.
Notcoin’s remarkable ascent highlights the potential of Web3 gaming to transform the gaming industry, offering new avenues for engagement, monetization, and innovation.
During the investigation, the authorities found that starting from May 17, 2023, Hanes initiated wire transfer transactions from Heartland Tri-State Bank to increase his crypto holdings, leveraging his position and authority as CEO.
Wormhole announced that the community will receive a W token airdrop that will be fully unlocked in four months.
After launching on the Goerli and Sepolia testnets, the Ethereum Dencun upgrade is now live on Holesky in anticipation of a mainnent launch.
B2C2 said in the press release that the registration will pave the way for the company to engage in collaborations with local VASPs, traditional financial institutions, and other stakeholders in the Luxembourg market.
As block rewards will reduce by 50% after Bitcoin halving in April 2024, BTC miners are selling heavily to finance the purchase of more efficient mining rigs.
Binance briefly dethroned CME as the top exchange with the highest BTC Futures Open Interest rates on 6 February.
Violators of crypto law in South Korea now risk receiving fines up to five times the amount of illegal funds, or life imprisonment.
The launch of MinsCoin not only provides a new way for residents to interact with local whitelisted businesses and projects but could also shed light on how technology can be used to steer social interactions, economic participation, and solidarity within communities.
MicroStrategy acquired extra 850 Bitcoins for $37.2 million in January despite the poor stock performance since the beginning of the year.
With the settlement now approved, BlockFi can proceed with the distribution of assets from the lending estate to its creditors, the primary reason for seeking expedited approval.
The ministry has relaxed tax regulations by waiving the 7% VAT on earnings generated from cryptocurrency and digital token trading. Also, there’s no VAT applicable for token transfers.
The trial is also examining certain documents that are connected to Craig Wright’s supposed involvement with cryptocurrency before BTC was introduced.
CleanSpark plans to acquire a facility in Dalton, Georgia, with an initial $3.4 million payment. An additional $3.5 million investment will complete the project by April, expanding Dalton presence to three sites.