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 is no assurance that Rishi Sunak will keep a spot on Liz Truss’s cabinet as Kwasi Kwarteng is already considered for the Treasury job.
Australia is showing its dedication to achieving a swift result and placing criminal uses of cryptocurrencies under an immediate check.
After the collapse of the ISIS caliphate in 2017, terror groups in the region lost their major funding source. Since then, the groups have been using online propaganda and campaigns to drive fundraising efforts.
More than 37,000 PwC Venezuela Twitter followers were able to see the Tweets on the hacked page for quite long, about 8 hours.
All deposits and withdrawals will be suspended about half an hour before the Merge starts, but normalcy will return to transactions as soon as the upgrade is completed.
Although ETH price gave a breakout of the wedge pattern, markets have turned cautious over the spotting of Nord Stream 1 by Russia and the possibility of exacerbating energy crisis in Europe.
Saylor says that the plan is for MicroStrategy to help companies onboard thousands of customers and employees to the Lightning Network.
Sherman wants a crypto ban in the US but thinks it is not easy to take such a decision now because crypto has become a lot more powerful.
The new project also comprises a special feature that provides profiles of artists and gives excerpts of their artwork.
Soon after the hackers took control of South Korean government’s YouTube channel, the authorities became aware of the breach and immediately started working on restoring the hacked account.
According to FIFA’s Chief Business Officer Romy Gai, the idea is to create opportunities for fans around the world to engage with their favorite players.
As per reports, the attackers managed to steal NFTs even from Bill Murray’s personal wallet which had more than 800 NFTs.
Vitalik Buterin said that Bitcoin’s transaction fees aren’t enough to maintain the security of the network for a very period of time.
The Meta-X-Connect (MXC) token is playing a crucial role in the evolution of the decentralized Internet of Things system.
For close to two years since the Beacon Chain of the POS version of the Ethereum protocol went live on the mainnet, anticipation toward the Merge has heightened.