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.
The new guidance will be the first one to key into delisting as a way of protecting investors.
JPEX attributed its liquidity difficulties to regulatory constraints and external market makers, leading to increased withdrawal fees and the suspension of specific services.
Luckily, Cuban was quickly alerted and managed to move over $2.5 million worth of other crypto he had on Polygon to a Coinbase exchange address.
These IPOs align with the broader trend of Chinese companies seeking public listings in Hong Kong, driven by regulatory scrutiny and market dynamics.
NFL quarterback Trevor Lawrence has reached a settlement in a lawsuit involving FTX. This follows a trend of celebrities settling similar cases involving FTX promotions, including YouTubers Kevin Paffrath and Tom Nash.
Last week, the Base Layer 2 network hit its ATH in daily transactions of about 1.88 million, higher than Optimism and Arbitrum combined.
The new Bitcoin-only trust company will combine expertise from BitGo and Swan Bitcoin to drive adoption with minimal exposure.
Chainlink’s Cross-Chain Interoperability Protocol (CCIP) might provide a lasting solution to the challenge posed by blockchain fragmentation.
If not for anything else, the latest report about clean energy usage could mean a greater move toward the adoption of BTC.
Bybit’s approach is grounded in cooperation and compliance, seeking to create a harmonious relationship with UK regulators and authorities.
Deutsche Bank with about €1.3 trillion in assets under management will leverage the Taurus tokenization to manage customers’ digital assets.
Following the successful acquisition, Gilded CTO Ken Gaulter will be joining the engineering team at Bitwave to ensure a smooth transition.
The hub gives firms access to various liquidity pools and advanced trading features, including post-trade settlement through a single API.
Part of Cohen-Pavon’s plea bargain requires him to compensate some of the victims of the Celsius collapse.
The bankrupt crypto lender Genesis announced that it would cease all of its crypto operations for spot and derivatives trading, for institutional players as well.