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 motion to liquidate Genesis assets at Grayscale Investment has been supported by Gemini that is seeking to repay the affected Earn Program customers.
Despite the recent growth, Solana’s weekly volume is behind Ethereum’s 7-day DEX volume, with $5.518 billion compared to Ethereum’s $7.971 billion.
By acquiring all of Celsius mining equipment and infrastructure, Ionic Digital believes it can quickly reach its goal of total mining power of 12.7 exahash per second (EH/s) later this year.
Velar’s eventual product suite will include an Automated Market Maker (AMM), project launchpad, and PerpDEX.
Several AI tokens recorded gains in 24 hours after the company posted good figures for the 2023 full year and Q4.
While the ‘Prelude to Guild War’ serves as a pilot event, it marks a crucial chapter in Nine Chronicles M’s journey into the realms of Web3 gaming.
NYCB’s share price has tanked 40% within two days amid strong stress on its real-estate portfolio causing investor panic.
The Settlement Agreement is the product of extensive negotiations between the SEC and Genesis Global. Also, the penalty payment will happen if Genesis completely repays its customers and creditors.
The closure of the OPNX cryptocurrency exchange does not have a detrimental impact on Bitcoin (BTC) and Ethereum (ETH) prices.
Now, Binance is looking to re-enter the market to expand its global presence. However, according to Bloomberg sources, the company is struggling to secure new partners with FCA approval.
JPMorgan’s report suggests that stablecoin issuers adhering closely to existing regulations stand to benefit from impending regulatory scrutiny.
The US government is finally resolving the FTX hack as it files charge against three people involve in the phone swap hack.
In parallel to the Clusters launch, LayerZero has announced its intention to airdrop 12 million $ZRO tokens in the first half of 2024.
Compared to the traditional Constant Product Market Maker (CPMM) model, Zeitgeist’s DLMSR approach reduces slippage dramatically.
The vice president added that if reelected, Bukele’s government will proceed with plans to launch Bitcoin-backed bonds this quarter.