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.
There are currently a number of factors that determines what positivity will trail the future of Bitcoin.
The Asian country of Singapore has the highest searches relating to the Ethereum Merge. Google has also released a doodle with a countdown timer for the Merge event.
The number of NFTs minted on the Solana blockchain as well as the transaction volume have spiked significantly in only a few days.
Following recent Hodlnaut credit woes, the Algorand Foundation says 3% of its assets are tied up with the Singaporean-based crypto lender.
Scammers are known to pose as imposters and make very believable cases in front of their victims.
According to Andy Stone, Meta spokesperson, Meta has invested “significant resources to detect and prevent scams.” Now, Mark Zuckerberg has a deadline until October 24 to prepare a detailed report about Meta apps’ policy.
Bolt said that they will continue with their commercial partnership with Wyre while putting greater focus on their key areas of competence.
Per the job description, the specialist would be responsible for lining up new corporate clients for the likes of transactional FX, liquidity and treasury services, escrow, and the rest of the payment products.
LONIA token holders will participate in community governance and decide the direction of the Cardalonia ecosystem.
FTX Ventures & SkyBridge Capital are collaborating once again to “complement both [their] businesses” on the crypto front.
It is still unclear how the news will affect the biggest coins on the crypto scene due to the current uncertainty in the finance world.
Singaporean banking giant DBS Bank and virtual gaming platform The Sandbox are working on creating a metaverse virtual world.
The hackers targeted several users with Bored Ape Yacht Club profile pictures on Instagram to get them to rent out the NFTs.
The market is doing all it can to stay resilient, and tap from a unique internal crypto-born fundamental to ignite its natural growth trend.
Following August’s proposed senatorial crypto bill, Gensler signals a willingness to aid the CFTC in overseeing Bitcoin.