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.
Sam Bankman-Fried’s parents have denied accusations suggesting they knowingly benefited from their son’s actions.
The restructuring plan will allow Core Scientific to cut $400 million in debt by equitizing the said amount in secured and unsecured claims.
Cantor Fitzgerald CEO Howard Lutnick said in a recent interview that stablecoins issuer Tether does have the money it claims to possess amid the mass adoption of digital assets in countries suffering from hyperinflation.
While the success of Saga created a speculative frenzy, Solana Mobile faces challenges such as supply constraints and the volatile nature of the crypto market.
Chainlink’s emphasis on security is evident through its Risk Management Network, a separate and independent network that continually monitors and verifies cross-chain operations for abnormal activity.
SkyBridge’s Anthony Scaramucci stated that Bitcoin price could surpass $170,000 a year after Bitcoin halving in April 2024.
The 500,000 migrated MeWe users now have personal control over their identities, data, assets, and online experiences.
The report states that an increase in the adoption and use cases of Bitcoin and CBDCs could weaken the strength of the US dollar.
Ramaswamy’s departure from the presidential race leaves a void in terms of a candidate explicitly championing pro-crypto policies.
The newly acquired funds will help HashKey to build diversified Web3 products amid the mainstream adoption of digital assets and blockchain technology in Asia.
Solana Mobile plans to significantly reduce the price to make the smartphone more competitive and affordable compared to Saga.
Following the approval of its license by the Dubai Virtual Assets Regulatory Authority, OKX will be offering spot services and spot pairs to UAE residents. This comes as the country is establishing itself as a welcoming hub for crypto business.
he new platform will offer digital asset exchange services with Thai baht trading pairs.
This merger is poised to create the largest Web3 business network in Asia, fostering communities of holders, developers, and partners in each Asian country.
Garlinghouse noted that at some point, the SEC will need to appoint a new chief to serve the American people better.