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.
According to CoinShares, its algorithmic trading tool HAL, will offer a suite of assistive services for better retail investing.
On September 29, the final results of the auction for Voyager Digital assets will be revealed and the winner of the bids competition will be announced.
The Vasil hard fork is expected to bolster the network’s scalability and overall usability, and there are high expectations for its ADA token as well.
The recent purchase from Microstrategy comes when BTC is under major selling pressure. Currently, the company holds 130,000 Bitcoins in its reserves with an unrealized loss of over $1 billion.
With the US controlling 45% of the total Ethereum nodes, the SEC is claiming complete jurisdictional rights over the entire Ethereum network.
According to Citi analysts, the total number of tokens supplied on the first day of the Merge dropped as the fees burnt were more than the rewards issued to validators.
The CEO gave no details as to how and when the hack happened. But he stated that 90 assets had been affected.
The company also revealed that CUSD will be deployed on many chains where they see demands, in a bid to meet their multi-chain focal point.
According to the filing in the court, the loans are supposed to be paid back to the firm by the end of September.
Yellow Card said that the fundraise shall help them build strategic partnerships across Africa, and develop new product innovations.
Attorneys for Hodlonaut have called out Craig Wright, describing his claim that he’s the real Satoshi as fraudulent.
Crypto influencer Ian Balina, who was paid by Sparkster to advertise its ICO, has also been charged.
The PAC boasts of several House seats and has spent over $10 million supporting crypto-oriented candidates ahead of the November primaries.
This delisting comes two weeks after global crypto exchange Binance announced its plans to delist USDC.
During the 2017 and 2018 boom, Balina promoted ICOs on different social media platforms, including his YouTube channel.