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.
Pump.fun’s $PUMP token rallied after a whale withdrew 1.29 billion tokens from Binance and the platform’s buybacks topped $150 million.
The exchange aims to lower barriers to digital asset adoption by supporting small businesses and offering remittances without traditional banking fees.
Evernorth has accumulated $1 billion worth of XRP to build a dedicated treasury, with plans to go public on Nasdaq under the ticker XRPN.
France has introduced a bill to become the first country to establish a Bitcoin Strategic Reserve in Europe.
While ETH and BTC continue to attract long-term investors, the pace of capital inflows has shifted in Ethereum’s favor over the past year.
UK’s KR1 is transferring its listing from the Aquis exchange to the main market of the London Stock Exchange.
Dogecoin price is holding steady near the crucial $0.20 support level, while derivatives data indicate rising institutional participation.
It’s been nine years since the launch of the popular privacy coin, but whales have started to sell.
Metaplanet stock price briefly surged 10% to 540 JPY after announcing a 150 million share buyback program, but later retraced to 500 JPY.
Bitcoin spot ETFs have logged $149 million in inflows despite a price dip, showing that accumulation remains steady.
MegaETH’s initial coin offering became oversubscribed within five minutes on October 27, attracting $360.8 million in commitments. Final allocations will be determined by assessing participants’ community engagement through social and on-chain metrics.
Canary Capital Group submitted paperwork to register a Litecoin ETF and HBAR ETF with Nasdaq on Oct. 27. The filings arrive amid a regulatory shift favoring cryptocurrency ETF approvals and follow the SEC’s withdrawal of delay notices for multiple altcoin products.
Following October’s $19.35 billion liquidation event, Bitcoin could revisit pre-crash levels targeting $121,000, according to analyst CrypNuevo’s technical analysis of liquidity pools and CME gaps.
BitMine Immersion Technologies announced $14.2 billion in combined crypto and cash holdings, including 3.31 million ETH representing 2.8% of total supply, as it pursues a 5% acquisition goal.
Fintech banking firm Clearbank has entered a strategic framework agreement with Circle to integrate USDC and EURC stablecoins across Europe, enabling faster cross-border remittances with lower fees while exploring treasury and tokenized asset settlement use cases.