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.
Figure Technologies has been open about its plans, noting that its reserves will have assets like treasury securities and commercial paper.
Meta has until February 15 to respond to the first NOA sent on August 15, 2023.
Analysts believe that any Bitcoin-based projects at this time will not only “rival the speed and cost” of alternatives but also retain the undeniable stability of the Bitcoin infrastructure.
When the Texas State Securities Board issued the cease and desist order in July 2023, the authorities indicated that the move was part of a broader investigation involving multiple securities regulators in the region.
The ongoing legal battle between the SEC and cryptocurrency exchange Binance carries significant implications for crypto firms operating in the United States.
China is reportedly planning to inject $278 billion in liquidity to boost its stock markets and these reports have led to positive price movements in its asset markets but not for Bitcoin.
While supporting efforts to combat criminal misuse, Coinbase argued that the proposed regulations, as they stand, do not strike the right balance.
Bitcoin has fallen below $40k despite the SEC’s approval of spot ETFs, with the Grayscale ETF losing more than $2 billion since then.
The heightened volatility has triggered the liquidation of almost $30 million worth of leveraged Bitcoin positions.
The BNB Chain team recognizes that scammers and hackers may adapt their methods, and therefore, continued efforts are necessary to maintain the security of the BNB Smart Chain.
The HBAR Foundation and Hashgraph Association are slated to receive their grants in the first quarter of this year.
Despite the recent challenges, SkyBridge’s founder and managing partner, Anthony Scaramucci, expressed optimism about Bitcoin’s future.
Bitcoin price has suffered short-term bearish sentiments since the approval and listing of spot BTC ETFs in the United States, thus paving the way for the much-anticipated altcoin season.
For a lot of people, the idea of running a validator node can be nerve-wracking and intimidating. But MetaMask has emphasized that there is no need for technical know-how.
The crypto industry eagerly anticipates the official mainnet for Dencun’s upgrade that will potentially reduce the outrageous gas fees associated with Ethereum.