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 adoption of these rules comes amidst a broader regulatory push aimed at bringing greater clarity and oversight to the cryptocurrency industry.
The majority of Bittensor (TAO) tokens have been staked to earn a passive income, thus bolstering a 106% spike in the past four weeks to trade around $493 on Wednesday.
The deal allows MetaMask users to utilize Robinhood’s services to purchase digital assets directly through the MetaMask wallet.
The Bybit toolkit caters to investors of all levels, from novices seeking to dip their toes into the crypto waters to seasoned traders looking to refine their strategies.
PrimeStaked does not charge fees on XP or EigenLayer Restaked Points. This means that holders receive 100% of their rewards until further notice.
At the time of writing, the network was still down amidst a call for validators to install the new software batch before restarting the network.
BTCFi comes when the overall market sentiment surrounding crypto, particularly Bitcoin, is overly positive. The foremost crypto asset is expected to undergo its four-year halving event in April 2024.
Crypto exchange Binance said that it decided to delist XMR and other coins as they do not meet their requirements or the industry changes.
The Orbs V4 has paid more attention to efficiency, particularly in the area of node implementation.
According to the crypto exec, Trump’s campaign and court cases will pump the tokens regardless of the election outcome.
The allegations against Haru Invest paint a picture of deception and mismanagement.
The Treasure Chain will be built using the Arbitrum roll-up technology and aims to offer exceptional gameplay experience to players at affordable fees.
The latest development appears to show that SpaceX is keen on setting the tone for what looks like “interplanetary commerce”.
Binance co-founder Yi He has promised to end the frontrunning of token listing following the notable dump on RONIN price in the past 24 hours.
Cathie Wood stated that Bitcoin is generally easier to purchase than gold, or at least it appears that way to consumers.