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.
Despite the fervor in memecoin trading, some trading firms suggest that recent market movements do not indicate an imminent correction in the short term.
Blast’s growth in TVL is indicative of most institutional investors’ bullish stance for Ethereum and the DeFi market.
“I think Bitcoin is going to go into the stratosphere,” Saylor commented when asked about Bitcoin’s 56% value surge since October.
One of the major factors behind the Injective price increase is the surge in trading volumes for INJ perpetual futures contracts which recently surpassed $25.5 billion in 24 hours.
BlackRock has agreed to exclude in-kind creations and redemptions from its ETF application. The Bitcoin price has responded positively to this news.
The value proposition of RepubliK goes beyond mere token transfer as users can experience a full-blown social media content-sharing ecosystem that rivals what is on offer on Instagram and TikTok among others.
Matrixport revealed that although Bitcoin has climbed more than 150% this year, miners have done much more.
Coinbase described the SEC’s actions in its appeal letter as arbitrary and capricious, an abuse of discretion, and contrary to law, in violation of the Administrative Procedure Act.
The court order goes beyond financial penalties. It requires Binance and CZ to make certifications regarding the existence, application, and effectiveness of Binance’s enhanced compliance controls.
Ubisoft’s Champion Tactics free NFT mint has been a success, minting out in under 20 minutes. The NFTs have also brought in over $2 million on the secondary market.
Many of the required revisions and adjustments are being carried out urgently by most companies, fueled by rumors that there may be a possible approval in January.
With the new law set to take effect next year, Revolut has temporarily paused its crypto services to ensure compliance with these new requirements.
With the mass adoption of digital assets in the United States, notable presidential candidates have shown support for the blockchain and crypto asset industries.
Jonathan Goldsmith’s recent promotion of Bitwise coincides with the asset manager’s pending Bitcoin ETF application with the United States Securities and Exchange Commission.
The deal with Hut 8 comes after Celsius recently obtained approval from the bankruptcy court to transition into a Bitcoin mining entity that creditors will solely operate.