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.
According to the analyst, November will pave the way for a plausible BTC surge above the $45,000 mark.
With how LINK is moving in recent times and its historical precedent, there are indications that it may serve as a market leader once again, potentially triggering another bullish trend.
Zhao’s woes and those that are related to his exchange have been largely a result of the ongoing lawsuits against them.
Solana Labs is inviting startups to take part in the Incubator program. They have time till November 30 to submit their applications.
This shift denotes a substantial evolution for the project, moving it to a standalone Cosmos-based blockchain after previously relying on Ethereum Layer 2 scaling solution StarkEx.
While the prospect of a Bitcoin ETF is undoubtedly exciting, it is essential to acknowledge the potential challenges and roadblocks that may surface.
Market observers believe that Bitcoin is nearing a pullback after its momentum this week.
The report by Matrixport revealed that the fifth Bitcoin bull market officially began on June 22, 2023, with further gains anticipated amid momentum gain.
With the jury absent, SBF told the court that the interactions between FTX officials through different messaging channels like Signal were deleted and he never discussed a $13 billion hole with Caroline Ellison.
Despite the impressive Q3 2023 performance, Sun acknowledged that the quarter was tough on the industry because of the Federal Reserve’s high interest rates and the declining industry’s revenue.
Bitcoin market dominance measures the degree of the market capitalization of Bitcoin relative to that of the overall crypto market.
Gensler mentioned that the agency initiated over 780 enforcement actions in 2023 leading to $5 billion in judgments and orders. The agency also distributed $930 million being distributed to investors.
In response to the allegations, Tether emphasized its commitment to preventing the misuse of cryptocurrencies for illicit activities.
As an emerging solution, Horizen has highlighted that EON is open to partnerships and integration but only with firms and protocols that resonate with its core values.
The collaboration with Uphold comes shortly after Ripple celebrated a recent triumph in its ongoing legal battle with the US SEC.