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.
As the SEC engages in detailed discussions with investment giants like BlackRock and Fidelity, the potential approval of a spot Bitcoin ETF seems to be moving closer to reality.
While Cathie Wood has been aggressively selling off her investments in crypto firms, she’s making fresh bets in the AI space acquiring shares of top tech companies like Microsoft and Meta.
The number of daily transactions on the Litecoin network reached an all-time high of 1.09 million on November 14, surpassing even Bitcoin’s transaction count of around 523,284 at the same time.
Latin America has identified that regulated, blockchain-based financial services will soon be the order of the day.
FTX’s legal team noted in the filing that paying the $24 billion could impede the repayment of funds to the exchange victims.
By securing outside funding support through the pioneering Volcano Bonds, El Salvador can continue progressing with Bitcoin integration across governmental services and society.
China plans to use a blockchain-based blockchain initiative to verify users’ identities as they access the internet. This is being pushed by the Ministry of Public Security and the Blockchain-based Service Network.
The partnership between Immutable and Transak will grant all games built on the Immutable zkEVM access to Transak’s suite of products, enabling players to make seamless transactions across games and marketplaces.
The collection will include 100 NFTs and provide fans with the possibility to win 2026 World Cup Final tickets.
Senator Elizabeth Warren has been a vocal advocate for crypto regulation, consistently highlighting the risks posed by unchecked illegal activities.
Analysts are hopeful of the Bitcoin price recovery stating that the shakeout was just to weed out excess leverage and weak hands.
The El Salvador Freedom Visa program opens the path to citizenship to 1000 crypto millionaires per year in a bid to build a stronger economy.
SEAM tokens were distributed through an airdrop, providing rewards to users based on their interactions with the Seamless platform. They didn’t undergo any public or private sale.
The new Cardano Foundation-backed mobile wallet is interoperable with other blockchains and also prioritizes asset security and user privacy.
Binance has announced a new project on its Launchpool called Fusionist (ACE), the native token for the Endurance blockchain.