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.
The countdown has commenced for $APP staking in the $INJ Ecosystem IDOs via Moon App, the innovative mobile launchpad hosting prominent projects in the Injective Ecosystem.
The correlation between WIF’s rally and Solana’s positive movement suggests a potential symbiotic relationship, where the success of one influences the other.
The presiding judge did not issue a ruling or signal the outcome but a win for Coinbase could be a huge blow to the SEC, which has lost several crypto-related cases.
If formally adopted, these uniform rules will strengthen cooperation among EU member states in combating financial crime.
The new routing tech is developed by the ConsenSys-backed Special Mechanism Group (SMG) to enable smart swaps on the MetaMask wallet.
The significant outflow could be attributed to TrueUSD’s January 10 report, where the company informed users about a full upgrade to their fiat reserve audit system in collaboration with the Hong Kong-based accounting firm MooreHK.
Bernstein notes that the underperformance in Bitcoin mining stocks could provide an accumulation opportunity for long-term investors.
The US Federal Reserve has been exploring the feasibility of a CBDC. This, however, is not a sign that a digital dollar is on the horizon.
Binance Labs have invested in 250 projects across 25 countries and have seen a 14x return on their investments so far.
As the court hearing progresses, the fate of Coinbase remains uncertain. If Judge Failla denies Coinbase’s motion for dismissal, the case will proceed to discovery.
With the NFTs, fans would unlock access to Knights game tickets, autographed memorabilia from the team’s top players, and other VIP moments including a chance to take photographs on the ice or join press conferences.
Ripple first hinted at the possibility of going public in 2022. At the time, Garlinghouse said the company would make the move after it concluded its ongoing court battle with the SEC.
Currently, there are plans to deploy Dencun on the Sepolia testnet on January 31, and then on the Holesky testnet on February 7.
To participate in this initiative, artists need to mint their artwork on the Palm Network, a blockchain platform designed for art and creativity.
On January 16, Klaytn Foundation announced that it had partnered with Finschia Foundation for the potential merge of the two protocols to form a new mainnet.