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.
SEC Chair Gary Gensler said the agency would greenlight the reboot of the exchange if “Tom or anybody else” did it within the law.
The spike in Marathon Digital’s revenue for Q3 2023 was a result of multiple factors, including increased Bitcoin production and higher uptime.
Deutsche Börse also intends to launch its stablecoins to facilitate a seamless entry into the digital asset economy for institutional investors.
The company’s initial efforts will involve early research and investment in Bitcoin network ecological assets before unveiling the “BTC Next” fund.
The zkWasm prover will bridge the divide between Wasm-based blockchains and the Ethereum ecosystem. MATIC price rallies 8% amid strong whale accumulation.
Last week’s rally may have been directly linked to a more recent announcement by the TON Foundation.
One of the factors that align with the ‘perfect storm’ is the upcoming Bitcoin halving event expected to occur in April 2024.
While the crypto community eagerly awaits the SEC’s decision regarding Grayscale’s ETF application and others, SEC Chair Gary Gensler remains cautious in sharing specific details about the commission’s next steps.
After FTX scrutinized 75 bidders that were interested in restarting the distressed cryptocurrency exchange, only three firms, including Bullish, Figure Technologies, and Proof Group, have been chosen.
The CMC Labs program will last for one year only. Notably, it is highly selective, with a limited number of participants. Those who want to become a part of CMC Labs have to meet a number of certain criteria.
Trust Wallet claimed that the Binance newly launched Web3 wallet unveiled during the company’s Blockchain Week is a product of its WaaS technology.
HSBC, which is one of the largest banks in the world, revealed that for now, its custody plans involve “tokenized securities issued on third-party platforms.”
To boost network performance, The Graph will invest in improved Indexer tooling and operational capabilities. These upgrades aim to increase scalability, reduce costs, and enhance network reliability.
Given BTC price’s continuous rejection of the $35k zone, it is possible that we may witness Bitcoin correction to $31k.
Commenting on the partnership with Ripple, Dare Okoudjou, founder & CEO at Onafriq, said the deal is the first step towards the implementation of the company’s crypto strategy.