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.
BNB Chain intends to disable its atomic swap feature in April and all Bridge providers will be expected to begin informing users by February.
The legal battle between the SEC and Ripple stems from the SEC’s allegation that Ripple engaged in unregistered securities sales, specifically through institutional sales of XRP.
The Volan upgrade brings significant alterations to the on-chain inflation parameters of INJ, aiming for a long-term goal of enhancing the deflationary nature of INJ.
The first “seed” round in 2021 raised around $1 million, while the “growth” round carried out later concluded in June 2023 accounted for the remaining $6 million.
The zkLINK community sale will involve 31.25 million ZKL tokens at a starting price of $0.15 and up to nine months of monthly linear vesting.
The extreme volatility in the Bitcoin market caused liquidations of more than $170 million after spot BTC ETFs went live.
The team announced 4236% oversubscription on DOJO launchpad.
According to them, the Foundation has a balance sheet that includes more than $285 million in fiat currency reserves, 305 million NEAR tokens valued at over $1 billion, and $70 million allocated for investments and loans.
As a testament to the quality and popularity of Oasys projects, five of them have already secured positions in the Top 30 of the Games category on DappRadar, based on Unique Active Wallets (UAW) as of January 11.
Cathie Wood is expecting around $4 billion inflows into its Ark 21Shares Bitcoin ETF with the asset management firm talking to state pension funds and treasurers.
The introduction of DeRec aims to unite the Web3 ecosystem and establish new industry standards, ensuring a painless and secure process for digital asset recovery across various wallets.
The impact of the spot Bitcoin ETF approval in the United States is expected to be felt in the coming months as more fund managers compete for the limited supply of Bitcoins amid the upcoming halving event.
In addition to using BTC on X, Musk hinted at the possibility of using BTC as currency on Mars.
The proposal was that PYUSD should be onboarded to Aave but without collateral properties and outside isolation mode.
The crypto community is discussing the chances to see the spot ETH ETF applications approved in May 2024.