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.
In January, the company witnessed an increase in capital by $400 million in the Series C round.
FV bank integrates traditional banking with digital asset custody services and has products ranging from depository accounts and payment services to digital asset custody.
Following the Fed announcement on Wednesday, the US equity market corrected leading to a similar drop in crypto assets. Bitcoin dropped 2% and Ether by 6% in the last 24 hours.
The Bitcoin miner alleged that Northern Data failed to disclose $84 million in liabilities to a third party.
Since Ripley became COO of Kraken, the company grew from 50 to over 3,000 workers. Besides, under his guidance, Kraken completed more than 16 acquisitions and secured a significant number of global regulatory licenses and partnerships.
According to Federal Reserve chairman Jerome Powell, the rate hikes were necessary to ease inflation.
Nomura added that the world should expect Laser Digital to roll out new services and product lines over the coming months.
Over time, Revolut will integrate full-scale staking service as it looks to position itself as one of the primary crypto hubs serving customers in the United States.
The Volmex Implied Volatility index, or the VIV will measure the constant 30-day forward projection of the volatility in the Bitcoin and Ether options market while using the real-time crypto call and put options.
The order aligns with an ongoing lawsuit that claims that Tether issued unbacked USDT to inflate Bitcoin (BTC) price.
The music company also added that NFT audio will also be released as part of the collaboration.
When Spice VC launched its Fund II in May this year, the firm said it would kick off a roadshow in Dubai to court potential backers.
Nasdaq says its new crypto custody service underscores its agenda to take on a more assertive role within the crypto space.
Since the Colorado government cannot itself receive crypto, the Revenue Department has collaborated with PayPal which is supposed to broker each exchange of assets and spontaneously modify the virtual token into USD.
The draft is with chair Rep. Maxine Waters (D-CA), pending review by the ranking member Rep. Patrick McHenry (R-NC).