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 first sale that will take place on Christie’s 3.0 marketplace is a collection of 9 NFTs created by Diana Sinclair, a leading visual artist in the Web3 space.
The California DFPI says its targets are crypto firms that misappropriated customers’ funds and also misrepresented their services.
The price of the CEL token plunged below $1.40 amid the crypto lender’s current bankruptcy battle.
According to Strike, its latest funding round will pave the way for the integration of its payments scheme on a global scale.
According to the report, Bitdeer Technologies, owned by Wu, will contribute $50 million to the $250 million fund.
The native DFI token is expected to go live on the Gate.io platform by October ending.
Before FTX, Blockchain.com moved its headquarters to Miami, while other crypto platforms, including eToro, established offices in the city.
According to Krypton, they use the novel approach to the conventional order book concept in order to set themselves apart from the other existing decentralized exchanges.
The launch of the program comes after a warning by the FBI last month concerning the increase in the number of cyber attacks targeting decentralized finance (DeFi) platforms.
Do Kwon has often claimed that his intentions for the UST stablecoin were legitimate as he sought to pioneer a monetary system that is independent of the influence of the US dollar.
With the partnership, Pyth Network will continue to secure trading systems and expand its footprint from the more than $25 billion it has recorded to date.
As per sources familiar with the matter, the existing shareholders are to raise their stake in Deribit at a discounted valuation following the recent market turmoil.
Analysts hold a strong belief that the current market surge would be short-lived.
Mastercard continues to pursue its mission to support an inclusive, digital economy powered by innovation.
The head of Russia’s lower house of parliament’s finance committee, Anatoly Aksakov, recently acknowledged that Russia’s access to the world market has been hampered by geopolitical turmoil.