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 addition to the Tangem Ring, Tangem will use the Cardano Summit 2023 as a platform to announce exciting details about Tangem Pay.
Turkish Finance Minister noted that work related to the crypto assets regulations is the final outstanding matter in order to achieve full compliance with FATF standards.
The rise of TON began gaining momentum in September, coinciding with the introduction of the TON wallet within the Telegram messenger platform.
The new developments come after a court-mandated phased liquidation process, enabling FTX to sell digital assets worth a total of $3 billion on a weekly basis.
BitGo confirms that it is delighted that its efforts to secure the new license have finally paid off.
The creator of the second largest stablecoin USDC with a market cap of about $24.7 billion announced that it will support only business institutional accounts.
The AWS Blockchain Node Runners has so far integrated Ethereum (ETH) and Solana (SOL), thus making it a major step for the latter to become a Web 3.0 hub that supports scalable smart contracts.
The deployment brings DAS technology into play, which offers an innovative scaling approach. It allows blockchain nodes to verify data availability for specific blocks without the need to download the entire datase
The recently published Tether report for Q3 2023 show that the company’s cash reserves are healthy and secured loans have been reduced.
SBF faces a potential life imprisonment if found guilty, however, he pleaded not guilty to all the charges.
The integration aims to provide advanced blockchain analytics, offering a deeper understanding of what happens on-chain within the Solana ecosystem.
Market makers, crucial components of ETF ecosystems, are responsible for the creation and redemption of new ETF shares, ensuring that the ETF’s market price remains in line with the underlying assets it represents.
Bitcoin forms a “Golden Cross” pattern on the technical charts suggesting a bullish price actions going ahead.
Experts continue to speculate on what the SEC’s next course of action regarding crypto-based ETF applications could be.
As of late October, the SEC is reportedly reviewing eight to ten potential spot Bitcoin spot ETF filings.