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.
Hayes criticizes the Federal Reserve’s approach to inflation, suggesting that the institution prefers verbal intervention over concrete actions due to inflationary fears.
While it is expected that the selling pressure will continue to ease as FTX is done selling its shares, large outflows from GBTC could result in further price declines in Bitcoin.
Core Scientific’s restructuring plan successfully slashes $400 million in debt by converting it into equity, marking a positive financial move.
Drift Points serve as a tangible way to quantify and acknowledge the valuable contributions and loyalty of participants within the ecosystem.
One of the standout features of Coinbase Embedded Wallet is its security, backed by advanced Multi-Party Computation (MPC) technology.
Both AXS and Triple-A emphasize the importance of a secure and user-friendly payment experience while adhering to regulatory compliance standards.
Blockchain analytics firm Arkham Intelligence has also confirmed the price surge from a Donald Trump-labeled crypto wallet.
Base has integrated Chainlink Automation, to make dApp development easy for developers, by enhancing general smart contract scalability.
Users restaking Ethereum will get points that they can exchange for Clay tokens when the native tokens officially launch.
Polymer Labs introduces an innovative solution for developers and businesses in Web3, facilitating projects in DeFi, NFTs, and real-world asset tokenization.
According to Josh Poole, Co-founder and CEO of Arcade2Earn, the decision to shift to Ethereum and Avalanche was due to the realization that certain technical requirements were better suited for these platforms, despite the majority of the application being already built on Solana.
By allocating a portion of the Culture Catalyst fund to selected meme tokens, the Avalanche Foundation aims to diversify its portfolio and support the ecosystem of creativity, culture, and lifestyle facilitated by blockchain technology.
While short-term sentiment remains negative, most experts do not see this decline as doom just yet. A recovery in Bitcoin price is expected to increase investors’ confidence in altcoins too.
The attack on Gamee draws parallels to the Binance Smart Chain attack that occurred two years ago. In that incident, attackers drained an estimated $100 million worth of crypto assets.
Nine new spot Bitcoin ETFs have accumulated over 100,000 BTC, valued at $4 billion AUM. BlackRock’s IBIT leads with 40,213 BTC.