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.
Google Cloud also said Flare has become part of the Google for Startups Program, which aims to accelerate the growth of Web3 startups.
Besides being in the top 40 tokens in terms of market cap, TIA is also listed on CoinGecko’s trending tokens list.
SUI has demonstrated an impressive surge over the last couple of days, taking the token’s price to a new ATH.
The Binance report revealed that on-chain metrics indicated a remarkable resurgence in gaming activity in 2023.
The announcement of Hitachi joining the Hedera Council aligns with broader advancements in DLT within traditional finance.
Analysts anticipate that the outflows from Grayscale’s Bitcoin Trust (GBTC) ETF, coupled with investors shifting to lower-fee options, will exert downward pressure on Bitcoin price.
Despite the increasing involvement of the USDT stablecoin in criminal activities, the UN has reported that law enforcement authorities have successfully dismantled various money laundering organizations responsible for transferring illegal funds using USDT.
OpenSea NFT marketplace is currently developing a 2.0 upgrade to enable users to seamlessly track digital collectibles from different blockchains.
Excitement is building as DojoSwap will be announcing the details of the upcoming launchpad project in the next 1-2 days.
Home pages of some spot Bitcoin ETF issuers now boldly show visitors that these funds are available to all interested members of the public.
It is expected that the demand for Bitcoin will rise in ways that have never been seen in its entire history.
Fidelity Digital suggests that 2024 might witness a resurgence of institutional interest in DeFi yields.
Paolo Ardoino explained that the attacker anticipated Bitfinex’s system would be improperly configured to process partial payments.
According to Scaramucci, Bitcoin should benefit immensely from the spot Bitcoin ETFs the SEC recently approved for trading.
To incentivize early adoption, BitCountry is offering an exclusive opportunity for the first 1,000 users to free-mint their BitAvatar IDs without requiring an Invite Code.