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.
Bitdeer owner and Bitmain cofounder Jihan Wu purchased Le Freeport at a large discount discount to expand into physical assets.
Following the Merge update, the Ethereum network wants to roll out other scaling upgrades.
The FCA warned about the possibility of not getting one’s asset with FTX back “if things go wrong.”
The replay attack and some other factors are contributing to the downward spiral of the ETHW token.
While researchers found 583 scam websites involved with crypto giveaway scams in Q1 2022, another 1,500 were found in Q2.
The first signs of the turmoil came last Tuesday after the CPI data showed inflation is still on the horizon.
Following reports that the Terra co-founder and his accomplices are on the run, Do Kwon has dismissed the rumors.
Despite the capital inflow and growth in adoption, there has been no upward movement in the price of ADA.
Given that the Liberal party is in opposition to the ruling Labour party, it remains to be seen if Senator Bragg’s bill will be passed.
The news of the attack has resulted in the price of the token plunging to thirty-five percent of its initial value.
Analysts observe that ApeCoin has formed a symmetric triangle pattern which typically indicates a breakout of either side of the market.
After the back and forth between Ripple and the SEC, both parties have filed motions for summary judgment.
The crypto market continues unimpressive performance as Bitcoin consolidates below $20k and Ether dips further following post Merge sell-off.
Astar Network has shown in the best form how interoperability can also help drive forward the broader Web3.0 agenda.
Both teams have stated that the partnership will be a continuous effort, as they continue to strive to improve the current staking and node-running experience.