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 part of this development, the IOTA Ecosystem DLT Foundation shall receive an initial endowment of over $100 million in IOTA tokens over the span of four years.
Grayscale is hoping that the proposed changes to GBTC’s Trust Agreement would help both the company and GBTC to achieve operational efficiencies.
The investment round was accompanied by the launch of Wormhole Labs, an independent technology company “emerging from stealth to become a core contributor to Wormhole.”
When TinyTap introduced the concept of Publisher NFTs, it aimed to use it to support content creators in the line of education and publishing.
The Polygon community is looking forward to several community updates announced for this year, beginning with the Connect event in India.
The new partnership with Taurus suggests that Banco Santander anticipates a greater role for crypto in traditional finance.
Aside from his involvement with OCEAN, Dorsey has supported many other blockchain projects with strong potential to benefit the crypto space.
The Blast Mainnet is scheduled to go live on February 24, 2024, enabling withdrawals and allowing users to redeem their Blast Points for actual rewards starting from May 24 next year.
The Forbes Under 30 List, including all categories and individual profiles are available on the Ethereum blockchain for permanence.
Even though Binance acts as an approved broker in some places overseas, it still has to meet many legal requirements to handle securities activities in the Philippines under the country’s Securities Regulation Code.
The revised proposal allows the ETF to utilize both in-kind and cash mechanisms. The ETF plans to store Bitcoin in cold storage, with custody services provided by Coinbase Custody Trust.
Customers who have interacted with both Coinbase and Bybit reported receiving emails from Coinbase notifying them of the CFTC subpoena.
The plaintiffs, Michael Sizemore, Mikey Vongdara, and Gordon Lewis, argue that Ronaldo actively took part in endorsing financial products on Binance, which should have been registered with regulators.
Recent scams in the Hong Kong crypto scene has prompted calls for tighter regulation and increased regulatory powers to tackle crypto fraud.
As part of the agreement, Voyager will be “permanently restrained and enjoined” from marketing or providing products or services related to digital assets.