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 of late October, the SEC is reportedly reviewing eight to ten potential spot Bitcoin spot ETF filings.
Andreessen Horowitz, to date, is arguably one of the most prolific investors in the blockchain space.
With the imminent launch of Bitcoin spot ETFs, many institutions are also looking to gain increased exposure to BTC.
The e-HKD program has taken a three-rail approach for the potential implementation of the virtual currency: foundation layer development, industry pilots and iterative enhancements, and full launch.
The Pegasus Testnet has gone through various stages of rapid development in order to support Saga’s partners and innovators.
Investors will be eyeing major announcements ahead this week such as jobs report, Federal Reserve rate decision, and Apple’s earnings.
Analysts expect 10-20% of the Gold ETF money moving into Bitcoin post the BlackRock ETF approval i.e. $12 billion to $14 billion worth of inflows in BTC.
Meanwhile, Galaxy Digital estimates that a spot Bitcoin ETF could attract enough capital to drive the price of Bitcoin up by 74%.
With the US SEC opting not to appeal the Grayscale Investments case, amid ongoing application amendments, experts believe the approval of spot Bitcoin ETF is a matter of when and not if.
According to MIDAO CEO Adam Miller, the amended law is the “most comprehensive law for DAOs globally”, and it has the potential to become a “blueprint for the rest of the world for regulating DAOs”.
After Bitcoin price closed above $32k last week, the macro bullish outlook was confirmed amid heightened institutional demand.
According to SBF, Ellison’s failure to hedge Alameda’s financial positions was a major contributing factor in the FTX’s financial troubles.
In readiness for the event, there has been a major increase in the price of TIA, as it was already trading on a decentralized derivatives exchange, Helix, at around $3.15.
It appears that the dYdX Chain is ready to take up an active role in the decentralized finance (DeFi) sector.
The countries created a policymaking group to further the asset tokenization tests and help with navigating legal and compliance concerns.