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.
As part of the partnership, all Web 3 projects running on the BNB Chain will get access to Google Cloud’s scalable, secure and open source infrastructure.
The Merge is only one part of a series of scheduled Ethereum software upgrades.
The CEO of Binance has stated that crypto regulation in the EU is great but must eliminate stablecoin restrictions.
As part of the arrangement, Huobi has also agreed to sponsor the Busan Blockchain Week at the end of October 2022.
SWIFT shall be working with blockchain solutions provider Symbiant to bring innovation in the financial payments market.
Despite concerns about profitability, however, some believe that higher mining difficulty could be a good sign for the network.
The company also discussed other possible scenarios for its future after filing for Chapter 11 bankruptcy.
Despite more than a few concerns, the Ethereum Merge is expected to revolutionize the network with far-reaching positive ramifications.
Paul Almasi, Alchemy’s head of ecosystem development, stated that the company identifies itself as an ecosystem builder and seeks to get people to experience the new technology.
For Hit-Boy and James Fauntleroy, it will be a great and useful experience of working in Web3. Earlier, the producers joined efforts for Kingship’s limited-edition M&M’s candy featuring Bored Ape Yacht Club NFT imagery on it.
The exchange will operate with a combination of a tighter spread, proven technology by MEMX, and the best practices found in the traditional financial market to ensure that retail and institutional investors in the US experience fast, secure, and efficient crypto trading.
New US inflation levels have pushed BTC and ETH prices downwards below $21,000 and $1,600 respectively.
A court in Italy has asked Binance to appear in reference to a class-action lawsuit filed by investors seeking redress for several outages.
BitGo is seeking $100 million in compensation from Galaxy’s improper repudiation and intentional breach of its merger agreement with the crypto custodian.
Doodles noted that it shall use the newly raised funds for product development, acquisitions, proprietary technology, media and collector experiences.