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 post further revealed that Roche Freedman and Kyle Roche have an agreement to provide Ava Labs with legal services in exchange for the AVAX tokens and Ava Labs equity.
Emergent Games is an active player in the Play-2-Earn (P2E) arena, and Resurgence is just one of the many titles it has to its name.
According to Justin Bons, Bitcoin has no utility, and is purely a speculative asset.
Currently, the ED is reportedly investigating at least ten digital asset exchanges that are suspected of violating the Foreign Exchange Management Act 1999 (FEMA) and the Prevention of Money Laundering Act 2002 (PMLA).
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Despite the suspension of withdrawals, Binance said there will be support for spot Ethereum and ERC-20 tokens trading during The Merge event.
Justifying the delay, SEC stated that they need enough time to take action on the proposed rule change.
EGLD is the native token of Elrond, and will now be available to over 20 million customers across over 30 countries through the latest partnership.
Coinbase is launching its second derivatives product – the nano ether ETH futures on its derivatives exchange in the coming week.
The crypto exchange and NFT marketplace were beaten for the top spots by payments company Stripe in the first place.
As a giant infrastructure builder and financier, Animoca Brands has seen its ecosystem increase in a very remarkable way in the past few years.
More partners including retail order flow providers, the largest market makers in the spot crypto industry, and other market makers that focus on derivatives pricing and trading are expected to join.
Some analysts are highlighting the current hash rate, which is a measure of computational power used to mine bitcoin, as a major indicator for an imminent price surge.
Before the announcement, experts noted that Japan lacked a crypto-friendly environment to help Japanese crypto start-ups thrive in the nation.
Coinbase believes that its recent voter registration and education initiative will help its users to vote for candidates having strong outlook for crypto initiatives.