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 known supporter of Bitcoin, DeSantis has openly opposed the idea of a government-issued central bank digital currency, calling it a threat to financial freedom.
This announcement aligns with Ondo’s recent series of major updates, including the unveiling of its strategic roadmap.
The potential impact of blockchain on AI governance goes beyond addressing bias and misinformation. It offers a pathway to ensure the integrity, accountability, and trustworthiness of the data used to train AI models.
People think Dogecoin could be used in Elon Musk’s X Payments System. But it is not known yet if regulators will allow that.
Court documents in Delaware reveal Terraform’s assets and liabilities estimated between $100 million to $500 million, with 100 to 199 creditors.
The impact of the commercialization of Huawei Cloud Web3 Node Engine Service is expected to be felt over time as more Web3 and digital assets users enjoy seamless services across different blockchains.
After a year of underperformance in 2023, the ETH/BTC dominance will grow this year on the backdrop of Dencun upgrade and other contributing factors within the Ethereum ecosystem.
Manta Network is part of a rising cohort of new blockchains designed to offer faster transactions at lower costs compared to established networks like Ethereum.
Solana, like many tokens, saw a price dip in the aftermath of the FTX collapse and the crypto winter but seems to be on the road to recovery.
By leveraging NEAR DA, Polygon developers can enjoy substantial reductions in data availability costs, enhancing the overall efficiency of their rollups.
The promotional approach seems effective in driving sales for Trump’s latest NFT collection, limiting “one of one” ordinals to a maximum of 200 in this exclusive offer.
Conflux said the Bitcoin L2 solution will use BTC for gas fees, opening up possibilities for a more efficient and integrated system.
Recent data reveals that the new spot ETF issuers have accumulated more than 68,000 Bitcoin in their first week of operation.
The total assets under management of all Bitcoins ETFs combined is more than double of the Silver ETFs available in the market.
The partnership is expected to reduce the risk of loss linked to liquidations when trader’s positions are undercollateralized.