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.
A major highlight of the new multi-chain wallet is that it allows for complete user control over assets and private keys in a self-custodial manner
Fidelity’s spot Bitcoin ETF recorded more inflows than GBTC outflows on Monday. All eyes are currently on the FOMC meeting ahead this week as investors’ keenly watch Fed’s take on rate cuts.
Notcoin’s growth trajectory remains very high amid its simple onboarding process and eliminating the need for players to navigate complex processes to begin playing.
Kennedy expressed his concerns about the potential infringement on civil liberties that comes with the ability to monitor every transaction.
The plot centers around Morgan and Lichtenstein, the masterminds behind the 2016 hack of Bitfinex, which led to their arrest in February 2022.
Vanguard executives said that the company usually focuses on long-term stability instead of short-term trends as the reason behind rejecting the Bitcoin ETF offering.
Despite the positive developments, FTX has acknowledged that it does not anticipate fully repaying all customers.
Although the Finnish authorities did not reveal the method used in analyzing Monero, Julius Aleksanteri Kivimäki has been confirmed as the key figure behind the Vastaamo data breach.
Cryptocurrency has been a major point of discussion in politics lately, with experts stating that the crypto community stands to play a significant role in elections.
One of the main goals of Theta EdgeCloud is to provide infrastructure that can handle immersive extended reality experiences, as well as video-based AI and other cutting-edge technologies.
The creators of WEN initially minted 1 trillion tokens, designating 700 billion for the three-day airdrop. Out of theses, a total of 175 billion WEN tokens are getting ready for burning.
Web3Intelligence’s funding round comes amid a dynamic period in the blockchain and Web3 space.
According to data from BitMEX Research, GBTC witnessed a decrease in outflows, with $394.1 million on January 25, down from $429.3 million on Wednesday and $515.3 million on Tuesday.
In the face of the US government’s actions targeting the global Binance exchange, its domestic counterpart, Binance.US, continued its operations within the country.
OKX did not elaborate on the reason for this decision but simply said that it was due to business adjustments.