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.
In a bid to attract more institutional investors to the upcoming platform, One Trading plans to provide free trading on all cryptocurrency pairs listed on the exchange.
BitcoinShrooms uses pixelated art from the 1980s that is permanently stored on the Bitcoin blockchain through the Ordinals protocol.
Anoma Foundation’s Namada launches its RPGF airdrop to eligible participants on the network.
The Republican presidential debate discussed several issues including regulation to protect the sector as well as safeguarding crypto users.
At present, the training and operation of AI models is restricted to large tech companies. Crypto has the potential to help create multi-sided, global, permissionless markets where anyone can contribute data and be compensated for it.
After spending 11 months in custody, Legkodymov pleaded guilty to one count of operating an unregistered exchange.
Crypto experts during the Next Block Expo conference in Berlin unanimously agreed the crypto bear market is over but emphasized a cautious approach.
Dimon, who agreed that crypto firms should face the same AML scrutiny as traditional firms, said he would shut down crypto if he could.
The Grayscale CEO said that they have engaged in meaningful conversations with the SEC, and the dialogue suggests that the regulator is eager to make the progress.
Bitcoin maximalist Max Keiser also informed that he’s sitting on a staggering 20,000,000% profit on his BTC stash accumulated since 2011.
BTT token, the native token of BitTorrent, has seen more than a 100% surge in its price within the last 24 hours
Lionel Messi’s collaboration with PLANET is crucial in generating media attention and promoting the values of blockchain and a green culture.
Although released on a $175 million bond, debate surrounds whether CZ can safely return home to the UAE before his sentencing hearing without the risk of facing more punishment.
The collaboration between the Filecoin network and the io.net platform is a major shift for the decentralized storage providers, as more income avenues have been created.
All accounts that advertise Cryptocurrency Coin Trusts must adhere to these guidelines, regardless of their geographical location.