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.
OKX strategically positioned itself to ride the Ordinals wave, seizing the NFT crown amid exploding interest in Bitcoin-based creative assets.
The first offering of Bybit’s Crypto Ark Space is the Crypto Ark Trading Academy, which will run every Thursday from 7:00 pm to 8:30 pm.
According to a recent report from Goldman Sachs, 2023 saw significant institutional support for the crypto industry, especially for derivatives trading.
The head of Franklin Templeton’s digital asset and industry advisory services sees ongoing adoption of BTC by nation-states and emphasizes its potential to surpass CBDCs in efficiency for national treasuries.
Even with the owed fees it has paid in trying to deal with bankruptcy issues, FTX continues to face mounting challenges.
With the Bitcoin mining landscape gaining steam, the competition is heating up and the most positioned miners will be the biggest beneficiaries moving forward.
Tap Protocol seeks to continue building new Bitcoin applications, ranging from fractionalization of Ordinals art and token functions for gaming applications.
The Saga phone comes with extra benefits, including a complimentary month of access to Helium Mobile and a free toy. Moreover, apps on Saga’s dApp Store offer special benefits and rewards for Saga holders.
Bitcoin (BTC) is starting the new trading week on a slightly high note while there has been an increased amount of activity on many L1 chains.
FTX highlighted its intention to repay billions of dollars in cash to affected customers.
Critics argue that El Salvador’s Bitcoin experiment was premature, highlighting the country’s struggles in achieving the ‘Bitcoinization’ of its economy.
Core’s Seed Abstraction offers a seamless cross-chain experience. Users can employ Core-generated seeds across a spectrum of blockchains.
At its core, bot copy trading enables users to replicate the precise trading bot settings and strategies of experienced “master” traders.
Ripple is currently working with over 20 central banks from around the world, helping them to develop digital versions of their national currency.
In response to the overwhelming demand, Solana Mobile announced that the phone will be restricted to one device per household to ensure broader community participation in the Saga experience.