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.
Despite some setbacks, Robinhood remains committed to the crypto space.
A Circle spokesperson confirmed that a public listing is not exactly far from the firm’s aspirations.
Leaks suggest that players may earn and trade in-game cryptocurrency as part of their gameplay experience, potentially including Bitcoin (BTC) as a payment method and reward token.
Ninety Eight, recently rebranded from Coin98 Finance, intends to offer web3 developers with tools and funds to build on its new layer blockchain Viction and utilize its native token $C98.
A recent research paper concluded that the use of stablecoins for speculative activities in the crypto assets industry has dropped by 90 percent since 2019.
Binance web3 wallet possesses advanced security features like wrong address protection and malicious contract detection.
ETH may now be useful for those looking to hold on to the crypto asset as a store of value.
Belgium has emerged as a potentially crypto-friendly market, with over 40% of adults under 35 already owning digital assets.
The bank provides segregated accounts, which, it asserts, offer better customer protections when compared to the standard omnibus accounts.
Dr. Nouriel Roubini is well-known for his skepticism toward cryptocurrencies. His outspoken opposition to digital assets has made him a divisive figure in the cryptocurrency community.
While WisdomTree is expanding its investment options with Bitcoin, the asset manager has also decided to liquidate five of its ETFs.
According to Ava Labs CEO Emin Gün Sirer, the cuts were necessary to restructure and reallocate resources in the ongoing crypto bear market.
CEO Durov spent $200,000 to buy Toncoin in order to pre-acquire Telegram Premium subscriptions in a giveaway for 10,000 Telegram users.
Kraken is repotedly considering building its own Layer 2 network just like its rival Coinbase that has launched the Base network this year.
Users can access the information stored in the NFC chip by scanning it with the free Arteïa Authentication application, which grants partners access to a private VIP Room webpage.