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.
Compute North is the latest crypto company to file for chapter 11 bankruptcy as the crypto winter is deepening.
According to reports, the IOG and Cardano Foundation team used the hard fork to release the Vasil at the protocol level at epoch 365.
NFT team New England Patriots have partnered with Chain to leverage the blockchain space and connect to Web3.
A leaked audio file suggests that Celsius Network is resorting to crypto IOU tokens as a way to pay back customers.
The average sale rate of a Sorare NFT in August was at $86.15, tanking from a peak of $280 in March last year.
INX ONE Issuance Services will provide end-to-end solutions to launch digital security tokens in a regulated environment.
3Commas said that it will use these funds for advancing its machine learning and AI trading bots and deliver higher profitability.
At its launch, the MetaOne dApp store will include over 1000 dApps with many more to follow.
It is affirmed that the partnerships between both protocols are mutually beneficial, and will notably stir up the evolution of the Avalanche protocol.
XRP traders are buying up the token amid speculation that Ripple and the SEC might soon settle their legal dispute.
Navigating the regulatory landscape has already become a trend for the company.
The duo of Opera and Elrond are committed to the partnership and have pledged to continually build the product in a way that will draw more users to the Web3.0 ecosystem by lowering the most critical barriers to entry for all.
At a recent Congressional hearing, Jamie Dimon expressed support for proper regulation of stablecoins while castigating other crypto assets.
The announcement of the new product from Societe Generale was also accompanied by the announcement that the new product has now been adopted by Arquant Capital SAS.
In August 2021, Messari raised $21 in a Series A funding round.