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.
Voyager Digital had initially called FTX’s bid a “low-ball” offer, however, the exchange has now won the auction for the troubled lender’s assets.
Bitfinex has also stated that it is aware of the 1.2% tax burn on Luna Classic, and might join the process.
The job description includes examining NFT projects, blockchain networks, third-party marketplaces, and cloud providers.
During the first-court orders, the Judge allowed Compute North to maintain its existing banks and continue its operations.
The white paper stressed that the eAUD pilot program does not guarantee that RBA will issue a CBDC at the end.
California’s DFPI has issued a cease and desist order against Nexo as a result of its interest account.
Solana-based NFT platform Magic Eden decided to opt out of the App Store due to the inflated commission Apple demands from NFT sales.
Fumio Kishida, the present Prime Minister of Japan plans to introduce a nicely laid-out plan to revamp the economy under the umbrella of “New Capitalism” that comprises the development and backing of the web3 companies.
There has been a massive decrease in ETH issuance since the Ethereum network completed the Merge, transitioning to the POS mechanism.
Voyager Digital’s Chief Financial Officer Ashwin Prithipaul had joined the company just two months ahead of the company announcing its bankruptcy.
Following the request from South Korean prosecutors, Interpol is now on the lookout for Terra founder Do Kwon who’s been on the run recently.
The success of MNNT and the Andrometa metaverse is fueled by a number of factors including its multi-chain support, and ecosystem interoperability.
Valour says that it has enlisted a climate action infrastructure provider to offer exposure to its new carbon neutral Bitcoin ETP.
MonkeyLeague plans to launch its initial MonkeyPlayer NFT breeding season in cooperation with AC Millan.
The UK government emphasized the increasing use of digital assets for crimes. Criminals use cryptocurrencies to launder profits from drugs, cybercrime, and fraud.