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.
Bitwise will be introducing its customers to CME futures through the AETH and BTOP products that expand the company’s suite of crypto products amid heightened demand from institutional investors.
The Netherlands took the lead among European Union member states by mandating that crypto companies adhere to the 5th Anti-Money Laundering Directive (5AMLD).
The news of the new Valkyrie ETF caused a spike in Ether price.
The SEC’s case against Binance centers on its claim that BUSD was sold as an investment contract, primarily because Binance marketed it as offering yield through reward programs.
Musée d’Orsay will also collaborate with the Tezos Foundation on a series of conferences and educational programs over the next year.
Eric Balchuna claims that by the end of 2024, there is a 95% chance that a spot Bitcoin ETF will be approved, up from a 75% likelihood this year.
The core concept of IYK revolves around the integration of NFC (near-field communication) chips into merchandise and apparel. Besides, the platform is also popular among musicians and artists.
VanEck will not invest in Ethereum directly since the product tracks Ether futures that are traded on the Chicago Mercantile Exchange (CME).
By securing the latest regulatory approval, Coinbase would be able to offer its eligible customers access to regulated perpetual futures contracts on the Coinbase Advanced platform.
Gemini said that the recent report from New York Post is quite misleading and “pure fantasy”. The exchange added that all the funds belonged to its Earn users.
For reasons best known to Ripple and CEO Garlinghouse, the deal to acquire Fortress Trust is now off despite enthusiasm shown weeks ago.
According to PayPal, its system could use any currency. The company has already added numerous blockchain-related features to its platform, including the MetaMask Wallet, PayPal USD, and Ethereum.
Matrixport still maintains a positive outlook for BTC even as the US SEC has delayed a decision on the seven applications for spot Bitcoin ETF on its desk.
The Babylon mainnet upgrade brings improved security measures to the Radix network.
CZ confirmed that Binance did encourage CommEX to have a similar design and technical features to Binance.