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.
Over the summer, Binance.US and Binance offered free trading in multiple Bitcoin pairs which resulted in an 8% growth in the market capitalization of BUSD.
GoGoPool is the first permissionless and decentralized staking protocol for Avalanche, built specifically for Subnets.
Pursuant to the SAB-121 requirements by the SEC, Credit Suisse has disclosed the amount of “digital assets” in custody but didn’t give the break up of the particular crypto assets.
Unstoppable Domains is focused on creating a user-owned, digital identity for all. The company recently reached unicorn status at a valuation of $1 billion.
Fan tokens seem to have recently come alive, and so Binance is launching a futures index for its fan tokens.
Digital Asset, EMTECH, Knox Networks, and Ripple are named among the participants of the new program.
Ticketmaster had originally collaborated with Ethereum-based blockchain Polygon this past November, to roll out digital ticket coupons for NFL buffs throughout the season.
The South Korean authorities have arrested two people for crypto transactions linked to “hwanchigi”, the practice of illegally transacting funds between South Korea and overseas.
According to reports, fans would be able to access VIP experiences, merchandise, discounts, voting in polls, and other exclusive offers and benefits.
Notices of Kyle Roche withdrawing from multiple class action lawsuits appeared in the dockets amid the heat of the allegations.
The jump in the Bitcoin mining difficulty suggests that BTC miners have been getting back into action after the strong summer when miner activity had considerably dropped.
Diugitra.com will leverage Nasdaq’s cloud-based technology to attract liquidity and scale transaction volumes in order to correspond with the market conditions.
Per the law, the bill will return to Paraguay’s legislature for further deliberation. There, the lawmakers will reconsider the proposal and decide on the next line of action.
As part of its roadmap, the company is on the verge of creating a PROOF social platform, as well as a new Decentralized Autonomous Organisation (DAO).
The integration of Polygon on the Seaport marketplace from OpenSea opens access to a lot of new features for the trading platform’s users.