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.
The troubled crypto lender has been allotted Interim judicial management to work on rehabilitating a distressed company via debt and property reorganization.
Tether said it was able to quickly redeem more than $16 billion of the issued token over the past months.
The city had previously contracted cryptocurrency exchange Binance to construct the Busan Digital Asset Exchange and build specialized blockchain products.
The recent rally in the ETH price happened after some key developments in the Ethereum ecosystem.
The recipients have up to September 12 to reply to the letter and their response could inform their decision to craft a legislative solution.
Crypto.com also sought to take legal action against the women. The company appealed to the Australian court.
Temasek has always been actively investing in the crypto industry. The company is focused on backing crypto-related companies despite the recent crypto crash.
The US has about 724 billionaires with data showing that 1.5 million households have a net worth of a minimum of $1 million.
Thanks to the latest partnership, university researchers would be able to present ground-breaking studies that will have an impact on the blockchain sector.
Seven Seven Six said that they will use $177.6 million for its Kryptós fund which will invest in crypto tokens available at a discount after the recent market correction.
The Ripple counsel accuses the SEC of themselves taking the role of the top cop while ignoring fellow regulators.
Limit Break is taking a big leap with its new “free to own” model considering how F2P has become a dominant business model in gaming.
Offchain Labs also revealed that it had updated its Arbitrum Operating System (ArbOS), rewriting it in the Go programming language.
Meanwhile, the Mendoza Tax Administration is not the only government considering crypto support for tax payments.
The new scheme will comprise features generally available in liquidity pools but at the same time, will relate real with the other stablecoins, designating fiat tokens from around the globe.