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.
Cathie Wood-led Ark Invest believes Bitcoin price will rally exponentially in the confirmed bull cycle as more investable global assets amounting to $250 trillion proliferate to the digital asset class.
After launching a digital assets custody platform for crypto last year, DZ has announced a new crypto project, this time for individual investors. It is due to be rolled out later this year.
PolyChain Capital led the $4 million funding round for Squid, with participation from several others, to support the company’s blockchain expansion.
Hayes revealed that a weekend bailout could impact the price action of Bitcoin.
The ZetaChain Mainnet Beta unveiled ZetaHub, a user-friendly entry point enabling active engagement with ZetaChain. The native crypto ZETA is already live on KuCoin exchange.
Celsius said it will initiate a controlled wind-down of operations by February 28, 2024. The crypto lender will discontinue its mobile and web applications.
Although the road ahead appears difficult for FTX customers seeking reimbursement, the exchange assures them that asset liquidation will eventually make them whole.
By integrating UniSat’s API, the Binance Inscriptions Marketplace ensures that users have seamless access to a wide range of inscription tokens.
Tether reported an excess equity of $5.4 billion and cash equivalent cover of 90% of all issued tokens during the fourth quarter of 2023.
The XRP price has come under strong selling pressure amid the news of alleged hack. Ripple co-founder has confirmed investigation with law enforcement agencies.
SOL price has started moving upwards after hitting a low point on January 23rd at around $79. It then rallied to $104, but it is currently experiencing some declines.
Buterin shared insights into his evolving thought process, explaining that his focus has shifted away from crypto-focused economics.
Meanwhile, the decline in TROLL is not an isolated incident among Musk-inspired meme coins that experienced a significant drop following a price surge.
One of the key advantages of aOS is its universal compatibility, allowing the creation of apps deployable on any blockchain network within the Cosmos ecosystem.
Terraform Labs believes that a self-funded Chapter 11 filing is the optimal path forward, providing the necessary breathing room to pursue the appeal, continue its software development business, and sustain LUNA’s value for stakeholders.