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.
Schiff also criticized mainstream media coverage of Bitcoin ETFs, noting that many analysts expressing caution now did not offer such warnings before their launch.
Canaan disclosed in the SEC’s Form 6-K filing that the new funding round would enhance its research and development capabilities, support innovation in its crypto mining rigs, and expand its production scale.
Q1 has been predicted to be challenging for Bitcoin according to Matrixport, with the price expected to dip to around $36,000 and then recover.
The US government confiscated Bitcoin holdings associated with the Silk Road marketplace in two instances, first in Memphis, Tennessee, on February 10, 2021, and then in Arlington, Virginia, on May 11, 2021.
With Axiom’s smart contract infrastructure, developers, burdened by the challenges of accessing authenticated data, can seamlessly integrate transaction history data into on-chain applications.
Swan Mining, the recently unveiled unit, plans to add 3 more mining farms to the 7 existing, taking the total hashpower to 8 exahash.
With the global crypto market worth $1.54 trillion, the blockchain gaming sector is expected to grow substantially, with projections indicating a GameFi sector worth $614.91 billion by 2030.
The Taki token, which helps to incentivize the players using the different Taki games, is available on different blockchains and the partnership with Flowdesk will significantly improve the liquidity.
Tesla’s involvement with Bitcoin began in February 2021 when the company announced a $1.5 billion investment in the popular digital asset.
Despite all of the controversies aroudn it, Worldcoin has seen a lot of support from prominent investors.
Reports suggest that more and more Chinese investors are seeking exposure to cryptocurrencies via Hong Kong-based exchanges like OKX and Binance, as well as through over-the-counter and other grey-market peer-to-peer channels.
Among the 46 legal actions initiated in 2023, 57% specifically targeted fraud, while 61% accused defendants of vending unauthorized products to US customers.
Currently, there are an additional 14 million GMT tokens available for players who actively take part in Gas Hero’s Gas Wars PvP battles.
For the near future, Bakkt is also eyeing expansion in the UK and Australian markets.
The network’s utility and governance token MSN offers users access to bandwidth and big-data services.